Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESH19:CME) |
2749.50 |
+4.75 |
+0.17% |
|
DowJones (YMH19:CBT) |
25,488 |
+82 |
+0.32% |
|
Nasdaq 100 (NQH19:CME) |
7016.25 |
-2.25 |
-0.30% |
|
Russell 2000 (RTYH19:CME) |
1542.20 |
+3.70 |
+0.24% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed lower: Shanghai Comp -0.05%, Hang Seng -0.23%, Nikkei -0.02%
- In Europe 11 out of 13 markets are trading higher: CAC +0.64%, DAX +0.23%, FTSE +0.44%
- Fair Value: S&P -0.27, NASDAQ +5.49, Dow -3.37
- Total Volume: 1.2mil ESH & 593 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Jobless Claims 8:30 AM ET, PPI-FD 8:30 AM ET, Retail Sales 8:30 AM ET, Business Inventories 10:00 AM ET, EIA Natural Gas Report 10:30 AM ET, Patrick Harker Speaks 11:00 AM ET, Fed Balance Sheet and Money Supply 4:30 PM ET.
S&P 500 Futures: #ES Up 445.25 Handles, Or 19.5%, Since Making Its December Low
Chart courtesy of @Chicagostock – $ES_F SP500 Moved up 300+ since Gov shutdown Dec 22 and reopened Jan 25. The 100 point move up since reopening a bull trap of the late buyers?
This is a good news / bad news market right now, with the good news prevailing. The question is, with the S&P 500 futures (ESH19:CME) up 19.50% since making its 2316.75 low on December 26th, how much further can they go? I think it can continue to go higher, but I also think it’s overbought, over extended, and overdue for a pullback.
During Tuesday nights Globex session, the S&P 500 futures (ESH19:CME) printed a high of 2757.00, a low of 2742.75, and opened Wednesday’s regular trading hours at 2753.00. The morning low print was 2748.00, and the morning high came in at 2762.00. The S&P’s traded 2752.25 on the 10:30 European close, and 2751.00 going into the noon hour.
The early afternoon saw a low of 2751.75, a high of 2757.00 and a print of 2756.50 going into the final hour of the day. The futures broke heading into the close, and traded 2756.00 on the 2:45 cash imbalance reveal, then printed 2752.00 on the 3:00 cash close, and settled the day at 2749.25 on the 3:15 futures close, up +4.50 handles, or +0.16%.
In the end, the overall tone of the ES was firm in the first part of the day, and somewhat weak late in the day. In terms of the days overall trade, total volume was lower, with only 1.2 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 | 1317 | 1407 | 86 | 0.02 | 60.50 | chart |
| normal-13 | 1015 | 1046 | 92 | 0.02 | 45.50 | chart |
| normal-11 | 1003 | 1048 | 91 | 0.02 | 45.00 | chart |
| normal-8 | 1505 | 1542 | 100 | 0.01 | 17.00 | chart |
| normal-5 | 1137 | 1236 | 100 | 0.01 | 18.00 | chart |
| taylorPlus-21 | 1133 | 1215 | 81 | 0.03 | 83.00 | chart |
| taylorPlus-13 | 1116 | 1159 | 100 | 0.03 | 73.00 | chart |
| taylorPlus-11 | 1133 | 1203 | 100 | 0.03 | 74.25 | chart |
| taylorPlus-8 | 1115 | 1204 | 100 | 0.02 | 44.75 | chart |
| taylorPlus-5 | 1346 | 1422 | 100 | 0.02 | 44.00 | chart |
| taylor3-21 | 0959 | 1048 | 86 | 0.05 | 125.25 | chart |
| taylor3-13 | 0959 | 1048 | 92 | 0.04 | 103.50 | chart |
| taylor3-11 | 1501 | 1558 | 100 | 0.04 | 95.50 | chart |
| taylor3-8 | 1127 | 1216 | 100 | 0.01 | 38.50 | chart |
| taylor3-5 | 1457 | 1556 | 100 | 0.01 | 21.50 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-11 | 1210 | 1252 | -82 | -0.00 | -12.00 | chart |
| normal-8 | 1102 | 1135 | -87 | -0.01 | -27.50 | chart |
| normal-5 | 1102 | 1135 | -100 | -0.01 | -24.50 | chart |
| taylorPlus-21 | 1251 | 1325 | -86 | -0.03 | -68.75 | chart |
| taylorPlus-13 | 1251 | 1325 | -92 | -0.02 | -45.75 | chart |
| taylorPlus-11 | 1247 | 1346 | -91 | -0.02 | -43.00 | chart |
| taylorPlus-8 | 1250 | 1340 | -100 | -0.01 | -17.00 | chart |
| taylorPlus-5 | 0932 | 1005 | -100 | -0.01 | -18.00 | chart |
| taylor3-21 | 1225 | 1318 | -81 | -0.02 | -56.00 | chart |
| taylor3-13 | 1327 | 1420 | -85 | -0.03 | -84.50 | chart |
| taylor3-11 | 1358 | 1431 | -91 | -0.01 | -30.50 | chart |
| taylor3-8 | 1227 | 1317 | -87 | -0.01 | -33.00 | chart |
| taylor3-5 | 1041 | 1127 | -100 | -0.01 | -25.75 | 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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