Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESH19:CME) |
2777.00 |
+33.50 |
+1.22% |
|
DowJones (YMH19:CBT) |
25,888 |
+461 |
+1.81% |
|
Nasdaq 100 (NQH19:CME) |
7063.75 |
+44.00 |
+0.62% |
|
Russell 2000 (RTYH19:CME) |
1570.60 |
+26.00 |
+1.68% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed lower: Shanghai Comp +0.05%, Hang Seng -0.42%, Nikkei +0.10%
- In Europe 12 out of 13 markets are trading lower: CAC -0.46%, DAX -0.21%, FTSE -0.64%
- Fair Value: S&P -1.85, NASDAQ +3.06, Dow -6.91
- Total Volume: 1.5mil ESH & 570 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Loretta Mester Speaking at 8:50 AM ET, and the Housing Market Index at 10:00 AM ET.
S&P 500 Futures: #ES More Ups Than Downs
Remember when the Dow was dropping 600 to 800 points a day back in the last quarter of the 2018? Tech had soured, Europe was weak, the fed was pushing rates higher, and Trump was placing billions of dollar in tariffs on China. From its high the S&P 500 futures dropped 20%. Huge funds like State Street liquidated their holdings in FAANG. After several solid years of returns, investors were turning away from the market leaders in tech.
A few months after making its low, the S&P 500 futures (ESH19:CME) have bounced all the way back to the 2780’s. Out of all the market moving news events, I believe the one thing that has had the biggest impact on the S&P is the fed backing off on its rate hikes. Sure, a deal with China would be a big positive, but the feds move could signal a lot more upside.
During Thursday nights Globex session, the S&P 500 futures (ESH19:CME) printed a high of 2757.00, a low of 2729.00, and rallied to open Friday’s regular trading hours at 2765.00. The morning low print was 2763.00, and the morning high came in at 2773.00. The S&P’s traded 2768.00 on the 10:30 European close, and 2767.75 going into the noon hour.
The early afternoon saw a low of 2764.25, a high of 2772.00 and a print of 2771.25 going into the final hour of the day. The futures rallied into the close, and traded 2772.50 on the 2:45 cash imbalance reveal, then printed 2775.75 on the 3:00 cash close, and settled the day at 2777.00 on the 3:15 futures close, up +33.50 handles, or +1.22%.
In the end, the overall tone of the ES was firm. In terms of the days overall trade, total volume was a little lower than Thursday, with 1.5 million futures contracts traded.
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_F | LONG | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1010 | 1042 | 86 | 0.02 | 58.75 | chart |
| normal-13 | 1003 | 1048 | 92 | 0.02 | 52.50 | chart |
| normal-11 | 1505 | 1542 | 100 | 0.01 | 24.75 | chart |
| normal-8 | 1137 | 1236 | 100 | 0.01 | 34.75 | chart |
| normal-5 | 1132 | 1229 | 100 | 0.01 | 25.75 | chart |
| taylorPlus-21 | 1505 | 1545 | 81 | 0.04 | 103.50 | chart |
| taylorPlus-13 | 1234 | 1333 | 92 | 0.02 | 46.00 | chart |
| taylorPlus-11 | 1251 | 1334 | 91 | 0.02 | 45.00 | chart |
| taylorPlus-8 | 1301 | 1334 | 100 | 0.01 | 27.75 | chart |
| taylorPlus-5 | 0938 | 1037 | 100 | 0.01 | 23.50 | chart |
| taylor3-21 | 1430 | 1517 | 81 | 0.02 | 42.50 | chart |
| taylor3-13 | 1147 | 1246 | 85 | 0.03 | 87.50 | chart |
| taylor3-11 | 1438 | 1535 | 91 | 0.02 | 51.50 | chart |
| taylor3-8 | 1308 | 1407 | 100 | 0.02 | 40.75 | chart |
| taylor3-5 | 1003 | 1044 | 100 | 0.01 | 32.25 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-11 | 1041 | 1136 | -82 | -0.02 | -46.75 | chart |
| normal-8 | 1102 | 1135 | -100 | -0.01 | -31.25 | chart |
| normal-5 | 1102 | 1132 | -100 | -0.01 | -17.50 | chart |
| taylorPlus-8 | 1336 | 1423 | -87 | -0.01 | -18.50 | chart |
| taylorPlus-5 | 1222 | 1257 | -100 | -0.00 | -10.50 | chart |
| taylor3-11 | 1030 | 1123 | -82 | -0.01 | -35.75 | chart |
| taylor3-8 | 1045 | 1132 | -87 | -0.01 | -31.50 | chart |
| taylor3-5 | 1044 | 1133 | -100 | -0.01 | -26.00 | chart |
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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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