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Index Futures Net Changes and Settlements: 

ContractSettlementNet Change+/-%
S&P 500 (ESU19:CME) 3004.00+6.50+0.21%
DowJones (YMU19:CBT)27,077+217+0.80%
Nasdaq 100 (NQU19:CME)7918.75-10.00-0.12%
Russell 2000 (RTYU19:CME)1559.70-8.30-0.52%

Foreign Markets, Fair Value and Volume:

  • In Asia 7 out of 11 markets closed higher: Shanghai Comp +0.44%, Hang Seng +0.14%, Nikkei +0.20%
  • In Europe 9 out of 13 markets are trading higher: CAC +0.45%, DAX -0.01%, FTSE +0.16%
  • Fair Value: S&P +3.68, NASDAQ +22.10, Dow -9.40
  • Total Volume: 1.17 million ESU & 404 SPU traded in the pit

*As of 7:00 a.m. CST

Today’s Economic Calendar:

Today’s economic calendar includes PPI-FD 8:30 AM ET, and the Baker-Hughes Rig Count 1:00 PM ET.

S&P 500 Futures: Close And Getting Closer

Chart courtesy of Scott Redler @RedDogT3 $spx futures +7 as yesterday we held 2984 and look to clear 3003 this morning. Such a methodical trend above the 8day as a portfolio approach paid traders.

During Wednesday nights Globex session, the S&P 500 futures (ESU19:CME) printed a high of 3006.75, a low of 2995.25, and opened Thursday’s regular trading hours (RTH) at 3003.50.

It was a choppy day, to say the least, and money could be made trading both sides of the market. Our call in yesterday’s Opening Print to sell the early strength and buy the late morning weakness was close, just a little off, but if you were able to time it right and hold on, you would have been in good shape. 

The ESU failed to take out the Globex range, on both sides, until just before 1:30, when it finally broke through and printed a new low at 2992.50. Then, when the MiM reveal showed more than $1.1 billion to buy MOC, I thought we might make a new high on the close, but the futures fell just short, and went on to print 3003.50 on the 3:00 cash close, and 3004.25 on the 3:15 futures close.


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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 (3538 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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