Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2898.25 |
+2.25 |
+0.07% |
|
DowJones (YMM19:CBT) |
26,334 |
-60 |
-0.22% |
|
Nasdaq 100 (NQM19:CME) |
7623.50 |
+19.25 |
+0.25% |
|
Russell 2000 (RTYM19:CME) |
1583.90 |
-2.20 |
-0.13% |
Foreign Markets, Fair Value and Volume:
- In Asia 8 out of 11 markets closed higher: Shanghai Comp -0.16%, Hang Seng +0.27%, Nikkei +0.19%
- In Europe 9 out of 13 markets are trading higher: CAC +0.02%, DAX -0.27%, FTSE -0.05%
- Fair Value: S&P +4.46, NASDAQ +23.65, Dow +6.61
- Total Volume: 977k ESM & 0 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes the 8-Week Bill Settlement, NFIB Small Business Optimism Index 6:00 AM ET, Redbook 8:55 AM ET, and JOLTS 10:00 AM ET.
S&P 500 Futures: S&P Up 8 Days In A Row
Chart courtesy of Stewart Solaka @Chicagostock – $ES_F Didn’t think we’d get here so soon, and with such little p/b, but the market DGAF what we think. Velocity always the X factor. Here we are, shy of 20 points of 2920 objectives. Good enough? Bull in Jan, Bear now.
During Sunday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2899.50, a low of 2889.00, and opened Monday’s regular trading hours at 2891.50.
The first move after the 8:30 CT bell was a dip down to a new low at 2884.25, followed by a rally back up through the opening range to 2893.25. From there, the ES pulled back down to 2888.25 before heading back up to make a new RTH high at 2893.75. After that, the futures began to consolidate, and traded sideways in a 6 handle range for the rest of the morning, and into the afternoon.
Around 1:30 CT the MIM started to show over $650 million to sell. After 2:20 the MiM flipped to sell $156 million, then at 2:40 it flipped back to buy $30 million. As it did the, ES traded back up to 2897.75, then traded 2897.00 when the 2:45 cash imbalance reveal showed $76 million to buy. On the 3:00 cash close the futures traded 2898.75, and settled the day at 2898.00, up +2.00 handles or +0.06%.
In the end it seems like everyone wants, or thinks, the S&P should sell off. I am not one of those people, but if it does, my guess is the markets will go flying back up. In terms of the #ES’s overall tone, it was weak off the open and did sell off to new lows, but the dip buyers reappeared. In terms of the days overall trade, total volume was low, with 917,000 futures contracts traded, and if you take out the 125,000 from Globex, total day volume was only 792,000.
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 | 1247 | 1331 | 86 | 0.02 | 46.50 | chart |
| normal-13 | 1247 | 1331 | 92 | 0.01 | 40.50 | chart |
| normal-11 | 1440 | 1538 | 100 | 0.01 | 37.50 | chart |
| normal-8 | 1515 | 1559 | 100 | 0.01 | 27.25 | chart |
| normal-5 | 1517 | 1559 | 100 | 0.01 | 15.75 | chart |
| taylorPlus-21 | 1113 | 1144 | 81 | 0.01 | 27.50 | chart |
| taylorPlus-13 | 1249 | 1331 | 85 | 0.01 | 32.75 | chart |
| taylorPlus-11 | 1249 | 1319 | 91 | 0.01 | 34.75 | chart |
| taylorPlus-8 | 1249 | 1319 | 88 | 0.01 | 28.25 | chart |
| taylorPlus-5 | 0959 | 1037 | 100 | 0.01 | 21.75 | chart |
| taylor3-21 | 1321 | 1407 | 86 | 0.02 | 50.00 | chart |
| taylor3-13 | 1249 | 1320 | 85 | 0.01 | 26.00 | chart |
| taylor3-11 | 1249 | 1320 | 91 | 0.01 | 26.75 | chart |
| taylor3-8 | 1250 | 1341 | 88 | 0.01 | 30.25 | chart |
| taylor3-5 | 1250 | 1345 | 100 | 0.01 | 26.75 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1202 | 1236 | -81 | -0.01 | -17.75 | chart |
| normal-13 | 1108 | 1202 | -85 | -0.02 | -46.00 | chart |
| normal-11 | 1108 | 1202 | -91 | -0.01 | -40.00 | chart |
| normal-8 | 1150 | 1247 | -87 | -0.01 | -14.50 | chart |
| normal-5 | 1153 | 1247 | -100 | -0.00 | -14.25 | chart |
| taylorPlus-11 | 1133 | 1219 | -91 | -0.02 | -49.25 | chart |
| taylorPlus-8 | 1133 | 1219 | -87 | -0.02 | -44.50 | chart |
| taylorPlus-5 | 1207 | 1249 | -100 | -0.01 | -29.25 | chart |
| taylor3-13 | 1021 | 1051 | -85 | -0.01 | -32.75 | chart |
| taylor3-11 | 1003 | 1100 | -91 | -0.01 | -34.25 | chart |
| taylor3-8 | 0937 | 1036 | -87 | -0.01 | -27.75 | chart |
| taylor3-5 | 1020 | 1101 | -100 | -0.01 | -31.25 | chart |
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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.
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