Best Start For The S&P Since 1987, And Worst For The Dollar In A Decade #ES #USD

Index Futures Net Changes and Settlements:

Foreign Markets, Fair Value and Volume:

• In Asia 7 out of 11 markets closed higher: Shanghai Comp +0.40%, Hang Seng +0.08%, Nikkei -0.76%
• In Europe 10 out of 12 markets are trading lower: CAC -0.12%, DAX -0.04%, FTSE -0.51%
• Fair Value: S&P +1.65, NASDAQ +11.67, Dow -9.38
• Total Volume: 1.2mil ESH & 356 SPH traded in the pit

Today’s Economic and Earnings Calendar:

MBA Mortgage Applications, 7 a.m.; FHFA House Price Index, 9 a.m.; PMI Composite Flash, 9:45 a.m.; Existing Home Sales, 10 a.m.; EIA Petroleum Status Report, 10:30 a.m. Earnings: TE Connectivity, 6 a.m.; Stanley Black & Decker, 6 a.m.; General Electric, 6:30 a.m.; Baker Hughes, 6:45 a.m.; RPC, 6:45 a.m.; United Technologies, 6:59 a.m.; Comcast, 7 a.m.; Rockwell Automation, 7 a.m.; Abbott Laboratories, 7:30 a.m.; Northern Trust, 7:30 a.m.; Rollins, 7:30 a.m.; General Dynamics, 7:30 a.m.; Royal Caribbean Cruises, 8 a.m.; W W Grainger, 8 a.m.; Illinois Tool Works, 8 a.m.; Norfolk Southern, 8 a.m.; Amphenol, 8 a.m.; Progressive, 8 a.m.; F5 Networks, 4 p.m.; Varian Medical Systems, 4:02 p.m; Lam Research, 4:05 p.m.; Ameriprise Financial, 4:10 p.m.; United Rentals, 4:10 p.m.; Ford Motor, 4:15 p.m.; Legg Mason, 4:15 p.m.; Raymond James Financial, 4:19 p.m.; Discover Financial Services, 4:20 p.m.; Xilinx, 4:20 p.m.; Hexcel, 4:20 p.m.; Whirlpool, 4:30 p.m.; Teradyne, 5 p.m.

S&P 500 Futures: When Things Don’t Make Sense Look To The Earnings

The day started with Japan’s Nikkei rising 1.3% to its highest close since 1991, and the Stoxx 600 up modestly. Before the 8:30 open, in the U.S it was a mixed bag. The Dow and S&P 500 futures were down slightly, and the Nasdaq 100 futures were up. On Globex, the ES traded up to a new all-time high at 2842.00.

The S&P 500 futures (ESH18:CME) traded 2833.00 on the 8:30 CT open, initially moving up to 2841.50 and then pulling back to the 2832.00 area. After that, the futures went on to make a sequence of higher lows, trading all the way up to 2844.75. The next move was a few lower highs, followed by a selloff down to the vwap 2837.50.

After some sideways trade, a few handles up and a few down, the ES sold off down to 2836.75, and then popped back up to 2841.00. There was a pull back to the 2838.00 level before the ES got hit buy a buy program around 1:45 that pushed it up to 2842.50.

As quick as the ES shot up, it got hit by a sell program that knocked it back down to 2837.00, and a few minutes later it double topped at 2843.50. On the close the MiM flipped from $500 million to sell to $14 million to sell, and the ES sold off down to 2838.25, and settled at 2839.50, up 4 handles on the day, or up +0.14%.

We have a really good webinar coming up this Saturday at 10:00 AM CT

Predictions for 2018

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_{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.}