Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESH19:CME) |
2805.00 |
+20.25 |
+0.72% |
|
DowJones (YMH19:CBT) |
26,031 |
+118 |
+0.45% |
|
Nasdaq 100 (NQH19:CME) |
7156.00 |
+53.50 |
+0.75% |
|
Russell 2000 (RTYH19:CME) |
1589.50 |
+14.00 |
+0.88% |
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed higher: Shanghai Comp +1.12%, Hang Seng +0.51%, Nikkei +1.02%
- In Europe 11 out of 13 markets are trading higher: CAC +0.71%, DAX +0.23%, FTSE +0.83%
- Fair Value: S&P +0.35, NASDAQ +2.81, Dow -3.21
- Total Volume: 1.25mil ESH & 367 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Construction Spending 10:00 AM ET, and TD Ameritrade IMX 12:30 PM ET.
S&P 500 Futures: #ES Up 10 Weeks In A Row, Further Melt Up Coming
Chart courtesy of Stewart Solaka @Chicagostock – $ES_F Recovers Dec 2018 high of 2814. Next level to recover, October 10 where the market began its move lower, high of 2880, gap to fill from Oct 9th 2887.
During Thursdays nights Globex session, the S&P 500 futures (ESH19:CME) traded up to a high of 2803.25 when Asian stocks advanced, after a better-than-expected China PMI. The futures then traded 2803.75 on Friday mornings 8:30 CT open, and by 9:00 am traded up to 2808.25, up +23.5 handles on the day.
After the buying surge, the ES sold off down to 2794.50, up-ticked to 2798.75, and then dumped down to 2787.50, up +2.75 handles. Once the low was in, the ES slowly rallied back up to the vwap at 2798.25 at 1:00, then after a brief pause, traded up to the 2804.00 at 1:30 CT.
From there, the futures pulled back down to 2800.00, as the MiM started to show over $550 million to buy. On the 2:45 cash imbalance the ES traded 2805.00 when the MiM buys widened out to $950 million to buy, then went on to trade 2804.00 on the 3:00 cash close, and settled the day at 2805.25, up +20.5 handles, or up 0.74%.
In the end, the overall tone of the market was strong. After several days of back and filling, the ES had a nice upside pop. In terms of the days overall trade, total volume was decent. Volume tends to be lower in the beginning of the week and higher later in the week. Friday’s total volume was 1.21 million futures contracts, which is right on par.
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_F | LONG | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1127 | 1203 | 81 | 0.01 | 32.25 | chart |
| normal-13 | 1051 | 1149 | 85 | 0.01 | 28.50 | chart |
| normal-11 | 1051 | 1149 | 91 | 0.01 | 30.50 | chart |
| normal-8 | 1028 | 1120 | 88 | 0.01 | 26.00 | chart |
| normal-5 | 1347 | 1431 | 100 | 0.00 | 10.50 | chart |
| taylorPlus-21 | 1114 | 1159 | 86 | 0.02 | 59.25 | chart |
| taylorPlus-13 | 1134 | 1216 | 92 | 0.02 | 57.50 | chart |
| taylorPlus-11 | 1134 | 1216 | 91 | 0.02 | 40.25 | chart |
| taylorPlus-8 | 1351 | 1445 | 100 | 0.02 | 44.50 | chart |
| taylorPlus-5 | 1424 | 1508 | 100 | 0.01 | 23.00 | chart |
| taylor3-21 | 1439 | 1518 | 81 | 0.00 | 0.00 | chart |
| taylor3-13 | 0930 | 1009 | 92 | 0.02 | 58.75 | chart |
| taylor3-11 | 1304 | 1403 | 100 | 0.02 | 42.25 | chart |
| taylor3-8 | 1318 | 1415 | 100 | 0.01 | 26.75 | chart |
| taylor3-5 | 1135 | 1205 | 100 | 0.01 | 20.00 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-11 | 1020 | 1051 | -82 | -0.01 | -14.75 | chart |
| normal-8 | 1003 | 1034 | -87 | -0.01 | -16.50 | chart |
| normal-5 | 1002 | 1032 | -100 | -0.01 | -21.00 | chart |
| taylorPlus-21 | 1255 | 1326 | -81 | -0.02 | -58.50 | chart |
| taylorPlus-11 | 1226 | 1313 | -82 | -0.01 | -26.25 | chart |
| taylorPlus-8 | 1044 | 1114 | -87 | -0.01 | -19.00 | chart |
| taylorPlus-5 | 1035 | 1114 | -100 | -0.01 | -18.25 | chart |
| taylor3-11 | 1522 | 1553 | -82 | -0.01 | -20.50 | chart |
| taylor3-8 | 1522 | 1553 | -87 | -0.00 | -13.00 | chart |
| taylor3-5 | 1522 | 1553 | -100 | -0.00 | -12.50 | chart |
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