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Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESU18:CME) | 2885.50 | -1.50 | -0.05% |
| DowJones (YMU18:CBT) | 26,014 | +12 | +0.04% |
| Nasdaq 100 (NQU18:CME) | 7185.75 | -26.25 | -0.35% |
| Russell 2000 (RTYU17:CME) | 1716.60 | -4.30 | -0.25% |
Foreign Markets, Fair Value and Volume:
- In Asia 10 out of 11 markets closed higher: Shanghai Comp +1.15%, Hang Seng +2.54%, Nikkei +0.96%
- In Europe 11 out of 13 markets are trading higher: CAC +0.61%, DAX +0.76%, FTSE -0.06%
- Fair Value: S&P +6.29, NASDAQ +33.83, Dow +38.77
- Total Volume: 1.57mil ESU & 2,423 SPU traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Weekly Bill Settlement, 52-Week Bill Settlement, CPI 8:30 AM ET, Jobless Claims 8:30 AM ET, Randal Quarles Speaks 10:00 AM ET, EIA Natural Gas Report 10:30 AM ET, Raphael Bostic Speaks 12:30 PM ET, 30-Yr Bond Auction 1:00 PM ET, Treasury Budget 2:00 PM ET, Fed Balance Sheet and Money Supply 4:30 PM ET.
S&P 500 Futures: APPLE / CHINA Whipsaw
The S&P 500 futures traded up to 2895.25 on Globex, pulled back slightly, and opened Wednesday mornings regular session at 2888.00, down -1.75 handles. After the bell, the ES traded up to 2891.25, and pulled back down to 2879.25 as the NQ tumbled down to 7425.00, down -87 points on the day. From there, the futures made three higher lows and two higher highs up to the 2885 area, and then out came this headline at 10:15 CT : “Proposed US/China Talks Would Be Aimed At Putting Bilateral Economic Negotiations Back On Track.”
In the next 18 minutes the ES rallied 11 handles up to 2895.25, and that’s when I put this out in the MrTopStep forum:
Dboy:(11:32:46 AM): es and nq subject to a pullback now me thinks
Dboy:(11:33:41 AM): everyone went from short to long, risk goes up for a pullback.
I literally sent that on right when the ES was making its high. After that it sold back off down to 2882.75, rallied up to 2889.25, then sold off down to 2883.00. After the drop the ES rallied up to 2890.50 at 12:32, and then again sold off again down to 2882.75. Just before 2:00 the MiM started showing decent size to buy and the ES traded 2892.50 just as the MiM went to $1 billion to buy. On the 3:00 cash close the ES traded 2891.00, and went on to settle at 2887.00, down -2.75 handles, or -0.10%.
In the end it was a busy day of ups and downs. Apple news conference / announcement about a new iphone and watch seemed to weigh on the markets early, but the China trade news seemed to level that off, but the ES couldn’t hold the rallies, whatever the NQ did the ES followed. In terms of the days overall tone, I do not think the markets acted all that bad, and still feel that we could see 2904 this week. In terms of the days overall volume, it was big, 1.54 million ES and 581.000 NQ 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.
Normal
Normal is a straight trading day count. A 5 day normal on a full-trading week would include Monday through Friday. A 5 day normal on a Monday holiday week would be the previous week’s Friday, skip Saturday, Sunday and holiday Monday and then Tuesday through Friday.
Early close days are considered non-trading in our normal count and are therefore skipped also.
| 09-13-2018 | 5-normal | Entry | Exit | Trade | Profit | Profit | |
|---|---|---|---|---|---|---|---|
| Contract | Direction | Time | Time | % | % | Points | HeatMap |
| CL_F | long | 1248 | 1314 | 100 | 0.02 | 1.27 | |
| CL_F | short | 1202 | 1219 | -100 | -0.01 | -0.67 | |
| ES_F | long | 1106 | 1132 | 100 | 0.01 | 22.50 | |
| ES_F | short | 1158 | 1219 | -100 | -0.00 | -14.25 | |
| NQ_F | long | 1109 | 1135 | 100 | 0.01 | 93.50 | |
| NQ_F | short | 1024 | 1036 | -100 | -0.01 | -59.75 | |
| YM_F | long | 1109 | 1134 | 100 | 0.01 | 270.00 | |
| YM_F | short | 1158 | 1220 | -100 | -0.01 | -194.00 |
Trading dates are:
[“2018-09-06″,”2018-09-07″,”2018-09-10″,”2018-09-11″,”2018-09-12”]
To read this chart using CL_F above, a Long from 12:48 until 13:14 ET has been profitable 100% of the time over the last 5 days.
Get all of today’s HotSpots here
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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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