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Index Futures Net Changes and Settlements:

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ContractSettlementNet Change+/-%
S&P 500 (ESH19:CME)2605.50+25.00+0.96%
DowJones (YMH19:CBT)23,984+117+0.49%
Nasdaq 100 (NQH19:CME)6676.75+131.75+2.01%
Russell 2000 (RTYH19:CME)1443.20+9.30+0.64%

Foreign Markets, Fair Value and Volume:

  • In Asia 7 out of 11 markets closed higher: Shanghai Comp +0.01%, Hang Seng +0.27%, Nikkei -0.55%
  • In Europe 11 out of 13 markets are trading higher: CAC +0.20%, DAX +0.04%, FTSE -0.45%
  • Fair Value: S&P +0.35, NASDAQ +10.22, Dow -30.93
  • Total Volume: 1.51mil ESH & 349 SPH traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes MBA Mortgage Applications 7:00 AM ET, Retail Sales 8:30 AM ET, Import and Export Prices 8:30 AM ET, Business Inventories 10:00 AM ET, Housing Market Index 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET, Beige Book 2:00 PM ET, Treasury International Capital 4:00 PM ET, and Neel Kashkari Speaks 6:30 PM ET.


S&P 500 Futures: ES Up 12.75% Since December 26 2316.75 Low

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Chart courtesy of @Chicagostock$ES_F What goes up, shall come down? Tight pivot giving way for spring up / squeeze of shorts, new longs lured > 2600. Buyers must defend LOD, failure to hold, rejects b/o to target stops <2560, test next sup 2530. 2605 key to overcome for another shot at high.

After trading lower going into yesterday’s U.S. open, the S&P 500 futures printed 2584.75 on the 8:30 CT bell, and quickly made a low for the day two ticks beneath there. Early buy programs helped push the benchmark futures contract up to 2607.00 for the early high just after 9:00. Following a 14.25 handle pullback the S&P resumed buying, making its way up to the late morning high of 2613.75 just after 11:00, before pulling back a little going into the noon hour.

The afternoon saw early weakness, as the ES sold off down to an afternoon low of 2605.75, then after a mid-afternoon high of 2611.50, the S&P’s sold off down to 2594.00 as the British Parliament was voting on the Brexit situation. The futures rallied up to 2612.50 going into the close, and went on to settle the day at 2604.50, up +24.00 or +0.93%.


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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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