Category Archives: Blog

On the MiM:

 

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The MiM was a solid red yesterday and gave us a sell signal all hour long.   Shot at each entry was profitable.  let’s see if the selling get any momentum today.

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20) -- --
5/8/2014 Long 3.11 (xx:40) 1.24 (xx:40) --
5/9/2014 Long -- 2.72 2.50
5/13/2014 Long   0.26 0.20
5/16/2014 Short -2.22 -1.40 -2.11
5/22/2014 Short 3.32 2.24 1.66
Total   6.09 4.96 2.25

  If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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A large sell imbalance on Goldman Sachs had the dollar side of the MiM pushed to the sell side, while the symbols were aligned with the bulls.  That makes a divergent MiM and, for me, is not a signal for a MiM trade.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20) -- --
5/8/2014 Long 3.11 (xx:40) 1.24 (xx:40) --
5/9/2014 Long -- 2.72 2.50
5/13/2014 Long   0.26 0.20
5/16/2014 Short -2.22 -1.40 -2.11
Total   2.77 2.72 0.59

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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No signal on the MiM.  We are looking for a follow up sell signal to convince ourselves we are going lower.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20) -- --
5/8/2014 Long 3.11 (xx:40) 1.24 (xx:40) --
5/9/2014 Long -- 2.72 2.50
5/13/2014 Long   0.26 0.20
5/16/2014 Short -2.22 -1.40 -2.11
Total   2.77 2.72 0.59

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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The curse of the 3x witch bit me on the MiM on Friday.   Had I waited for the weekend I would have been nicely rewarded, but that was not to be so our nice selling MiM was swallowed up by the OPEX closing.  It happens.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20) -- --
5/8/2014 Long 3.11 (xx:40) 1.24 (xx:40) --
5/9/2014 Long -- 2.72 2.50
5/13/2014 Long   0.26 0.20
5/16/2014 Short -2.22 -1.40 -2.11
Total   2.77 2.72 0.59

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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Nada on the MiM.  It made the chat alpha testing a bit awkward but hopefully today we will see some more action at the closing auction.  Be part of a small open house chat test, if you have a Firefox or Chrome browser let me know if you can get in to http://chat.fortunesrocks.me and access the MiM and hear me drone on.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20) -- --
5/8/2014 Long 3.11 (xx:40) 1.24 (xx:40) --
5/9/2014 Long -- 2.72 2.50
5/13/2014 Long   0.26 0.20
Total   4.99 4.22 2.70

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

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Nothing on the MiM as we had a decently volatile close, but the MiM was all over the place and never really triggered one way or another and it left me sidelined watching the give and take.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20) -- --
5/8/2014 Long 3.11 (xx:40) 1.24 (xx:40) --
5/9/2014 Long -- 2.72 2.50
5/13/2014 Long   0.26 0.20
Total   4.99 4.22 2.70

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

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A strange MiM to trade as it was late in producing.  I did a 3:20pm entry and you can argue that I shouldn’t have based on this chart.  I was a bit late at checking in and right after 3:20pm the MiM reached the 200MM threshold, hence the entry.  Again at 3:30pm the MiM was building so another entry.  I basically closed out break even on the trade.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20) -- --
5/8/2014 Long 3.11 (xx:40) 1.24 (xx:40) --
5/9/2014 Long -- 2.72 2.50
5/13/2014 Long   0.26 0.20
Total   4.99 4.22 2.70

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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So-so close on the MiM for a signal, that dollar percentage never got up above the 66% to give us enough confidence to put chits on the table.  Best entry long yesterday was 3:30pm that looked to have been able to get you one and a tick on the upside.

On the downside it was that 3pm ET entry with an exit at 3:30pm that was the sweet spot for about the same gain as the best long.  All and all a pretty un-dynamic close.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20) -- --
5/8/2014 Long 3.11 (xx:40) 1.24 (xx:40) --
5/9/2014 Long -- 2.72 2.50
Total   4.99 3.96 2.50

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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We still have not achieved a full-ride (3:00pm –> 4:00pm) signal.  The 3:00 signal was just shy of my signal by 4% on the dollar side.   I did take a 3:20pm entry and 3:30pm based on a signal and growing imbalances.  That produced a couple of points on each.  Trades on the MiM are starting to add up for May.

 

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20) -- --
5/8/2014 Long 3.11 (xx:40) 1.24 (xx:40) --
5/9/2014 Long -- 2.72 2.50
Total   4.99 3.96 2.50

 

If you want to join the meter readers you can go to: Join the MiM

On the MiM:

 

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Another partial trade on the MiM.  So here is how it works for me:  At 3pm I entered long (it should be 200MM but all the data wasn’t in yet and I extrapolated that it would be 200M so I entered there).  At 3:20PM we continued to have a signal and our size had grown so another entry.  At the 3:30pm entry time the dollar size had moved from 268M down to 263M, so no entry but stayed in the trade with the 3pm and 3:20pm entry.  By 3:40pm the signal was gone so I exited all entries.

 

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20) -- --
5/8/2014 Long 3.11 (xx:40) 1.24 (xx:40) --
Total   4.99 1.24 --

 

If you want to join the meter readers you can go to: Join the MiM