75,000 Jobs; No Surprise

Charts, Commentary, News, Technical Analysis, The Opening Print


Index Futures Net Changes and Settlements:

ContractSettlementNet Change+/-%
S&P 500 (ESM19:CME) 2875.00+29.25+1.02%
DowJones (YMM19:CBT)26,007+262+1.01%
Nasdaq 100 (NQM19:CME)7419.50+137.25+1.88%
Russell 2000 (RTYM19:CME)1512.60+10.10+0.67%

Foreign Markets, Fair Value and Volume:

  • In Asia 10 out of 11 markets closed higher: Shanghai Comp +0.86%, Hang Seng +2.27%, Nikkei +1.20%
  • In Europe 13 out of 13 markets are trading higher: CAC +0.32%, DAX +0.01%, FTSE +0.54%
  • Fair Value: S&P +0.54, NASDAQ +3.06, Dow +9.54
  • Total Volume: +1.67 million ESM & 417 SPM traded in the pit

*As of 7:00 a.m. CST

Today’s Economic Calendar:

Today’s economic calendar includes JOLTS at 10:00 AM ET, and TD Ameritrade IMX at 12:30 PM ET.


S&P 500 Futures: #ES Up 157 Handles In 5 Sessions

Chart courtesy of Scott Redler @RedDogT3$spx futures +10 as the rally extends five sessions. If you didn’t buy anything last week, you probably shouldn’t be chasing Today.

After a weaker than expected jobs number, the S&P 500 futures (ESM19:CME) opened Friday’s regular trading hours at 2856.75, and proceeded to rip higher. The first stop was 2872.25, then after a little back and fill, made its way up to 2880.00.

The day started off as a textbook trend day, with relentless buying, and small pullbacks. It wasn’t until a 10:00 sell program activated that the ES finally topped out and started to pull back. After that, the futures traded sideways in a 9 handle range for the rest of the day.

Going into the close, when the 2:45 cash imbalance reveal came out showing $621 million to buy, the ES was trading at 2876.75, and would then go on to print 2873.50 on the 3:00 cash close, and 2875.25 on the 3:15 futures close, up +29.50 handle for the day.


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Daily HotSpots

HotSpots are times during the market trading session that for the past XX days have consistently moved in one direction or the other. These HotSpots are published each morning pre-market. The next day, a results post is also published and weekly a summary post.

CAUTION: This data is under development and provided only for research and teaching purposes

If you have questions about HotSpots you can contact us at info@mrtopstep.com.

ES_FLONG
TypeEntryExitTrade %Profit %PointsHeatMap
normal-2110141044810.0389.50chart
normal-1312191250850.0127.00chart
normal-1112191250910.0129.75chart
normal-8123313151000.0134.75chart
normal-5100711041000.0245.25chart
taylorPlus-2109391035900.04122.75chart
taylorPlus-1310111108920.0397.50chart
taylorPlus-11093910351000.0391.25chart
taylorPlus-8101111081000.0387.75chart
taylorPlus-5095210351000.0262.25chart
taylor3-2112521350810.0248.00chart
taylor3-1310451116920.0250.75chart
taylor3-11104011371000.0262.25chart
taylor3-8103811251000.0247.00chart
taylor3-5104711291000.0133.50chart
ES_FSHORT
TypeEntryExitTrade %Profit %PointsHeatMap
normal-2114021501-81-0.02-49.75chart
normal-1311361219-92-0.01-34.75chart
normal-1113591456-91-0.02-48.00chart
normal-811311216-100-0.01-40.00chart
normal-511311216-100-0.01-26.50chart
taylorPlus-1314001451-85-0.01-43.75chart
taylorPlus-1114001451-91-0.02-44.25chart
taylorPlus-814001451-100-0.01-40.00chart
taylorPlus-514021454-100-0.01-32.75chart
taylor3-1114511543-91-0.02-47.25chart
taylor3-814511543-100-0.01-38.50chart
taylor3-514481542-100-0.02-45.25chart

Get all of today’s HotSpots here



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As always, please use protective buy and sell stops when trading futures and options.

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Danny Riley (3299 Posts)

Danny Riley has worked in the futures and options industry for 38 years, including the CBOT’s bond room, where he worked for several of the Market Wizards. He went on to build the largest volume desk in the S&P 500 Index Futures, serving some of the largest banks and hedge funds, the UBS program trading business, and some of the world's top individual traders. As a leader and co-creator of the MrTopStep IM-Pro Trading Room, he shares trading ideas and breaking market news live from the floor with our other professional traders and new traders eager to experience the power of collective intelligence. Join us today and get the edge only social trading can give you.


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