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Index Futures Net Changes and Settlements:

ContractSettlementNet Change+/-%
S&P 500 (ESU19:CME) 2982.00+3.50+0.11%
DowJones (YMU19:CBT)26,779-14-0.05%
Nasdaq 100 (NQU19:CME)7845.25+44.25+0.56%
Russell 2000 (RTYU19:CME)1565.20+0.50+0.03%

Foreign Markets, Fair Value and Volume:

  • In Asia 7 out of 11 markets closed higher: Shanghai Comp -0.44%, Hang Seng +0.31%, Nikkei -0.15%
  • In Europe 7 out of 13 markets are trading lower: CAC +0.03%, DAX -0.43%, FTSE -0.07%
  • Fair Value: S&P +3.68, NASDAQ +21.74, Dow -7.42
  • Total Volume: 953k ESU & 409 SPU traded in the pit

*As of 7:00 a.m. CST

Today’s Economic Calendar:

Today’s economic calendar includes MBA Mortgage Applications 7:00 AM ET, Atlanta Fed Business Inflation Expectations 10:00 AM ET, Jerome Powell Speaks 10:00 AM ET, Wholesale Trade 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET, James Bullard Speaks 1:30 PM ET, and the FOMC Minutes 2:00 PM ET.


S&P 500 Futures: Nasdaq Leads The Way

Chart courtesy of Scott Redler @RedDogT3As long as $spx holds 2952-2964 active market participants will stay in portfolio approach.

After trading down to 2963.50 during Monday nights Globex session, and opening Tuesday’s regular trading hours (RTH) at 2966.25, the S&P 500 futures immediately started to rally after the 8:30 CT bell.

By 10:30, the ESU had traded back up to the Globex high at 2979.50, then drifted sideways in a 5 handle range for the rest of the morning, and into the afternoon. 

When the MiM reveal came out showing $608 million to buy MOC, the futures popped up to a new high at 2986.25, then eased back off a little, printing 2983.00 on the 3:00 cash close, and 2982.25 on the 3:15 futures close, up 4 handles on the day.


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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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Danny Riley (2988 Posts)

Danny Riley has worked in the futures and options industry for 38 years, including the CBOT’s bond room, where he worked for several of the Market Wizards. He went on to build the largest volume desk in the S&P 500 Index Futures, serving some of the largest banks and hedge funds, the UBS program trading business, and some of the world's top individual traders. As a leader and co-creator of the MrTopStep IM-Pro Trading Room, he shares trading ideas and breaking market news live from the floor with our other professional traders and new traders eager to experience the power of collective intelligence. Join us today and get the edge only social trading can give you.


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