All Time Highs Approaching

Index Futures Net Changes and Settlements:

Foreign Markets, Fair Value and Volume:

• In Asia 8 out of 11 markets closed higher: Shanghai Comp +2.74%, Hang Seng +1.54%, Nikkei +0.69%
• In Europe 13 out of 13 markets are trading higher: CAC +0.78%, DAX +0.75%, FTSE +0.87%
• Fair Value: S&P -0.18, NASDAQ +6.75, Dow -37.15
• Total Volume: 794k ESU & 444 SPU traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes Redbook 8:55 AM ET, JOLTS 10:00 AM ET, a 4-Week Bill Auction 11:30 AM ET, a 3-Yr Note Auction 1:00 PM ET, and Consumer Credit 3:00 PM ET.

S&P 500 Futures: Mutual Fund Monday Lives

The S&P 500 futures that traded in a ten handle range on the overnight session opened yesterday’s cash session at 2839.00, down five ticks, and sold off down to a days low of 2835.50, two ticks above the globex low, and then chopped for the first hour, making a high of 2843.50.

Heading into the Euro close, buy programs took over the equity index futures and the ES started a climb higher, up to the July 2849.50 high made two weeks ago. The high of the morning was 2851.50 before early afternoon buy programs pushed the ES up to the day’s high of 2853.50.

After trading down to 2847.00 for the afternoon low, the ES chopped sideways into the close, printing 2850.25 on the cash close, before settling the day at 2850.00, up +9.75 handles on the day, or +0.33%.

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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.}