Mutual Fund Monday

Index Futures Net Changes and Settlements:

Foreign Markets, Fair Value and Volume:

• In Asia 6 out of 11 markets closed lower: Shanghai Comp -1.26%, Hang Seng +0.52%, Nikkei -0.08%
• In Europe 8 out of 13 markets are trading lower: CAC -0.07%, DAX +0.27%, FTSE -0.05%
• Fair Value: S&P -0.01, NASDAQ +7.13, Dow -35.27
• Total Volume: 909k ESU & 263 SPU traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes a 4-Week Bill Announcement 11:00 AM ET, a 3-Month Bill Auction 11:30 AM ET, a 6-Month Bill Auction 11:30 AM ET, TD Ameritrade IMX 12:30 PM ET, and Treasury STRIPS 3:00 PM ET.

S&P 500 Futures: Monday Comes In Late In The Week

After a quiet overnight trade going into the NFP number, the S&P 500 futures opened Friday’s 8:30 cash session at 2829.00, up two ticks. The ES went on to make an early low at 2828.00, then chopped around in a tight range, eventually making a 2835.50 first hour high. The mid morning saw back and fill before 10:00 buy programs elevated the equity markets, pushing back up to 2834.50 by the end of the morning.

The afternoon saw a thin to win climb higher, with 2:00 buy programs pushing the ES up to 2840.50 going into the close. There was another buy imbalance at the end of the day, with an MOC of $1.2 billion to buy, and the 3:00 print coming in at 2840.50, before settling the day at 2839.50.25, up +11.00 handles on the day, or +0.40%.

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

_{Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.}