Index Futures Net Changes and Settlements:

Contract Settlement Net Change +/-%
S&P 500 (ESH18:CME) 2841.25 +0.25 +0.01%
Dow Jones (YMH18:CBT) 26,376 +106 +0.40%
Nasdaq 100 (NQH18:CME) 6931.50 +0.25 +0.01%
Russell 2000 (RTYH:CME) 1604.40 +3.30 +0.20%

Foreign Markets, Fair Value and Volume:

  • In Asia 6 out of 11 markets closed higher: Shanghai Comp +0.30%, Hang Seng +1.53%, Nikkei %
  • In Europe 12 out of 12 markets are trading higher: CAC +0.95%, DAX +0.14%, FTSE +0.45%
  • Fair Value: S&P +0.34, NASDAQ +9.13, Dow -22.12
  • Total Volume: 1.4mil ESH & 324 SPH traded in the pit

Today’s Economic and Earnings Calendar:

Durable Goods Orders, 8:30 a.m. Eastern; GDP, 8:30 a.m.; International Trade in Goods, 8:30 a.m.; Retail Inventories [Advance], 8:30 a.m.; Wholesale Inventories [Advance], 8:30 a.m.; Baker-Hughes Rig Count, 1 p.m. Earnings: Air Products & Chemicals, 6 a.m.; Honeywell International, 6:30 a.m.(approx.); Rockwell Collins, 6:30 a.m.; Hill-Rom Holdings, 6:45 a.m.; Colgate-Palmolive, 6:55 a.m.; Lear, 7 a.m.; Gentex, 8 a.m.

S&P 500 Futures: The Bull Is Alive And Well

You just can’t keep this market down. After making a new all-time high at 2855.50 on Wednesday, and then falling 30 handles, the ES rallied over 20 handles off the lows. Yesterday, the ES sold off down to 2846.25 at 8:23 am, and then traded 2829.00 on the 8:30 futures open. From there it upticked a little, sold off down to 2842.00, and then rallied up to 2847.00 before dropping down to 2833.76.

After the early low, the ES made a sequence of lower highs, took a few stabs above the vwap, and then traded up to 2847.75. During a CNBC interview, President Trump called for a stronger dollar, and said that the weak-dollar comments by Treasury Secretary Steven Mnuchin were misinterpreted. The dollar firmed up and the ES sold off down to the early lows of the day at 2832.75, and then down to the low of the day at 2830.75.

The ES short covered into the close as the MiM went from over $200 million to buy to $630 million to buy, and traded up to 2640.00 at 2:56. On the 3:00 cash close the ES traded 2839.75, down 1 handle, or -0.02%, and went on to settle at 2841.00 on the 3:15 futures close.

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Predictions for 2018

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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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