Adam Mesh Trading
24 Straight Winners and Counting – See How
I’ve traded everything for over 20 years and I’ve never found anything that makes more sense or profits than trading options. I’ve put together a ‘Must Have’ Strategy List to use on your journey—and it’s yours FREE.
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Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESU18:CME) | 2858.50 | +6.25 | +0.21% |
| DowJones (YMU18:CBT) | 25,758 | +84 | +0.32% |
| Nasdaq 100 (NQU18:CME) | 7387.00 | -0.75 | -0.01% |
| Russell 2000 (RTYU:CME) | 1699.20 | +2.30 | +0.13% |
Foreign Markets, Fair Value and Volume:
- In Asia 8 out of 11 markets closed higher: Shanghai Comp +1.31%, Hang Seng +0.56%, Nikkei +0.09%
- In Europe 12 out of 13 markets are trading higher: CAC +0.79%, DAX +0.65%, FTSE -0.07%
- Fair Value: S&P +0.92, NASDAQ +8.42, Dow -4.46
- Total Volume: 807k ESU & 460 SPU traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Redbook 8:55 AM ET, and a 4-Week Bill Auction 11:30 AM ET.
S&P 500 Futures: Dog Days Of August
In the world of good and bad news, it’s all been good lately. After making a low at 2850.50 on Globex, the S&P 500 futures traded 2856.75 on Monday mornings 8:30 CT futures open. From there, the futures pulled back a little, then traded up to 285850 at 8:45 am. After making the high the ES made three lower highs and four lower lows down to 2851.50 at 10:00. Once the low was in, the ES made a new high at 2860.00, and then sold off down to 2857.25 as the MiM showed small to buy, printing 2858.00 on the 3:00 close, and settling the day at 2858.75, up +6.50 handles, or +0.23%.
In the end, yesterday’s trade was a good example of what I call the ‘dog days of August’. After an early pullback and rally the ES went totally dead, and stayed that way right into the close. In terms of the days overall tone, the bulls are still running the tape. In terms of the days overall volume, only 807k contracts traded, which is substantially lower than what we have been seeing.
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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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