Central Banks Set To Lower Interest Rates

Charts, Commentary, News, Stocks, Technical Analysis, The Opening Print


Index Futures Net Changes and Settlements:

ContractSettlementNet Change+/-%
S&P 500 (ESM19:CME) 2845.75+18.00+0.63%
DowJones (YMM19:CBT)25,745+187+0.73%
Nasdaq 100 (NQM19:CME)7282.25+53.75+0.74%
Russell 2000 (RTYM19:CME)1502.50-3.30-0.21%

Foreign Markets, Fair Value and Volume:

  • In Asia 9 out of 11 markets closed higher: Shanghai Comp -1.17%, Hang Seng +0.26%, Nikkei +0.53%
  • In Europe 13 out of 13 markets are trading higher: CAC +1.44%, DAX +0.67%, FTSE +0.79%
  • Fair Value: S&P +0.84, NASDAQ +4.19, Dow +10.39
  • Total Volume: 1.56 million ESM & 208 SPM traded in the pit

*As of 7:00 a.m. CST

Today’s Economic Calendar:

Today’s economic calendar includes the Employment Situation 8:30 AM ET, Wholesale Trade 10:00 AM ET, the Baker-Hughes Rig Count 1:00 PM ET, and Consumer Credit 3:00 PM ET.


S&P 500 Futures: ES Up 125 Handles In 3 Sessions

Chart courtesy of Scott Redler @RedDogT3Good morning. Mostly green arrows around the World ahead of Jobs Friday. $spx futures +8. See if it holds above 2852 (or not) next resistance 2864-2875 area. If you didn’t buy earlier this week. Take care with your first buy into this gap up (probably a better sell).

After gapping lower to open yesterday’s Globex session at 2820.50, then printing a low of 2812.75, the S&P 500 futures (ESM19:CME) firmed up and traded higher for the rest of the night, filling the gap and trading up to 2838.00.

The ES opened regular trading hours at 2830.75, and was a little weak out of the gate, breaking down to 2823.25 at 9:30. From there, headlines triggered some buy programs, and by 10:30, it had made it back up to 2836.50.

After the early high was in, a trade headline activated some sell programs that quickly smacked the futures down to 2827.25. Once the dust had settled, the ES began a slow choppy grind higher.

Heading into the final hour, the ES continued to trade higher, topping out at 2853.00. When the cash imbalance reveal came out showing $371 million to sell, the futures started to back off a little, and went on to print 2845.00 on the 3:00 cash close, and 2845.50 on the 3:15 futures close, up 27 handles on the day.


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Daily HotSpots

HotSpots are times during the market trading session that for the past XX days have consistently moved in one direction or the other. These HotSpots are published each morning pre-market. The next day, a results post is also published and weekly a summary post.

CAUTION: This data is under development and provided only for research and teaching purposes

If you have questions about HotSpots you can contact us at info@mrtopstep.com.

ES_FLONG
TypeEntryExitTrade %Profit %PointsHeatMap
normal-2112571349810.0256.00chart
normal-1313051349850.0129.50chart
normal-1114591529820.0124.75chart
normal-812331326880.0134.50chart
normal-5101711131000.0136.50chart
taylorPlus-2109401035900.04117.25chart
taylorPlus-1310111109920.0390.50chart
taylorPlus-11093910351000.0382.75chart
taylorPlus-8094010351000.0269.75chart
taylorPlus-5095210351000.0260.75chart
taylor3-2110241108810.0258.50chart
taylor3-1312141301850.0128.75chart
taylor3-1112141301820.0126.75chart
taylor3-810111046880.0133.75chart
taylor3-5113212251000.009.25chart
ES_FSHORT
TypeEntryExitTrade %Profit %PointsHeatMap
normal-2113591457-81-0.01-41.75chart
normal-1313591453-85-0.02-52.00chart
normal-1109371013-91-0.01-42.25chart
normal-809371013-100-0.01-28.25chart
normal-511341233-100-0.01-36.00chart
taylorPlus-1314001451-85-0.01-41.00chart
taylorPlus-1114001451-82-0.01-39.50chart
taylorPlus-814001451-100-0.01-41.50chart
taylorPlus-514031502-100-0.01-35.25chart
taylor3-1309491028-85-0.00-14.00chart
taylor3-1114281520-82-0.01-18.50chart
taylor3-813431415-87-0.00-13.00chart
taylor3-513011339-100-0.01-15.00chart

Get all of today’s HotSpots here



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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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