Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESH19:CME) |
2744.75 |
+36.50 |
+1.34% |
|
DowJones (YMH19:CBT) |
25,406 |
+389 |
+1.55% |
|
Nasdaq 100 (NQH19:CME) |
7018.50 |
+104.25 |
+1.50% |
|
Russell 2000 (RTYH19:CME) |
1538.50 |
+18.50 |
+1.21% |
Foreign Markets, Fair Value and Volume:
- In Asia 8 out of 11 markets closed higher: Shanghai Comp +1.84%, Hang Seng +1.16%, Nikkei +1.34%
- In Europe 10 out of 13 markets are trading higher: CAC +0.31%, DAX +0.20%, FTSE +0.58%
- Fair Value: S&P -0.53, NASDAQ +4.46, Dow -24.17
- Total Volume: 1.30mil ESH & 1,107 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes MBA Mortgage Applications 7:00 AM ET, Raphael Bostic Speaks 7:15 AM ET, CPI 8:30 AM ET, Loretta Mester Speaks 8:50 AM ET, Atlanta Fed Business Inflation Expectations 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET, Patrick Harker Speaks 12:00 PM ET, and Treasury Budget 2:00 PM ET.
S&P 500 Futures: #ES Up 1.4%
Chart courtesy of Scott Redler @RedDogT3 – $spx futures up 8 after a powerful day to reclaim the 200day yesterday. lots of ways to get long when the $SPX reclaimed 2687 Friday- manage your positions!
When news broke that lawmakers have been negotiating an agreement to fund the government through September, including almost $1.5 billion for president Trump’s border wall, it seemed like there was a possible breakthrough. Then the President said he wasn’t satisfied with a bipartisan border-security deal, but didn’t rule out ultimately signing the resulting legislation, which will avoid another government shutdown beginning this weekend.
During Tuesday nights Globex session, the S&P 500 futures (ESH19:CME) printed a high of 2730.25, a low of 2705.50, and opened Tuesday’s regular trading hours at 2726.75. The morning low print was 2726.00 right after the bell, and the morning high came in at 2742.25. The S&P’s traded 2741.50 on the 10:30 European close, and 2741.50 going into the noon hour.
The early afternoon saw a low of 2741.50, a high of 2748.00, and a print of 2744.25 going into the final hour of the day. The futures continued to rally heading into the close, and traded 2743.00 on the 2:45 cash imbalance reveal, then printed 2744.00 on the 3:00 cash close, and settled the day at 2745.25 on the 3:15 futures close, up +37.00 handles, or +1.36%.
In the end, the overall tone of the ES was strong. In terms of the days overall trade, volume was a little light, with 1.3 million futures contracts traded.
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 | 1317 | 1407 | 86 | 0.02 | 60.00 | chart |
| normal-13 | 1015 | 1046 | 92 | 0.02 | 43.50 | chart |
| normal-11 | 1511 | 1557 | 91 | 0.01 | 39.25 | chart |
| normal-8 | 1505 | 1556 | 100 | 0.01 | 28.50 | chart |
| normal-5 | 1218 | 1314 | 100 | 0.01 | 20.50 | chart |
| taylorPlus-21 | 1505 | 1558 | 81 | 0.05 | 131.50 | chart |
| taylorPlus-13 | 1509 | 1558 | 85 | 0.04 | 99.25 | chart |
| taylorPlus-11 | 1505 | 1559 | 91 | 0.04 | 102.00 | chart |
| taylorPlus-8 | 0941 | 1013 | 100 | 0.01 | 21.25 | chart |
| taylorPlus-5 | 1504 | 1559 | 100 | 0.01 | 28.75 | chart |
| taylor3-21 | 1439 | 1515 | 81 | 0.01 | 40.00 | chart |
| taylor3-13 | 1150 | 1243 | 92 | 0.03 | 66.75 | chart |
| taylor3-11 | 1438 | 1535 | 91 | 0.03 | 69.00 | chart |
| taylor3-8 | 1308 | 1407 | 100 | 0.02 | 42.25 | chart |
| taylor3-5 | 1308 | 1407 | 100 | 0.01 | 32.50 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-11 | 1415 | 1512 | -82 | -0.01 | -13.25 | chart |
| normal-5 | 1119 | 1153 | -100 | -0.01 | -16.50 | chart |
| taylorPlus-13 | 1349 | 1438 | -85 | -0.01 | -27.25 | chart |
| taylorPlus-11 | 1359 | 1438 | -82 | -0.01 | -15.25 | chart |
| taylorPlus-8 | 1018 | 1053 | -87 | -0.01 | -30.75 | chart |
| taylorPlus-5 | 1359 | 1449 | -100 | -0.01 | -21.25 | chart |
| taylor3-8 | 1524 | 1554 | -87 | -0.01 | -20.75 | chart |
| taylor3-5 | 1043 | 1133 | -100 | -0.01 | -25.25 | chart |
Get All Of Today’s HotSpots Here
SIGN UP HERE TO GET THE FULL MRTOPSTEP OPENING PRINT!
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.
No responses yet