Lowest Volume Day Since Christmas Eve

Index Futures Net Changes and Settlements:

Foreign Markets, Fair Value and Volume:

• In Asia 7 out of 11 markets closed higher: Shanghai Comp +1.30%, Hang Seng +0.21%, Nikkei -0.19%
• In Europe 13 out of 13 markets are trading higher: CAC +1.02%, DAX +1.14%, FTSE +1.37%
• Fair Value: S&P -1.56, NASDAQ +1.78, Dow -52.07
• Total Volume: 1.02mil ESH & 318 SPH traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes the 8-Week Bill Settlement, Redbook 8:55 AM ET, PMI Services Index 9:45 AM ET, and ISM Non-Mfg Index 10:00 AM ET.

S&P 500 Futures: Mutual Fund Monday Meets ‘Thin To Win’

Chart courtesy of Scott Redler @RedDogT3 – $spx futures +5 as it’s been better to manage your portfolio approach with a tier system. Vs fight the trend with opinions.

Sunday night, the S&P 500 futures (ESH19:CME) printed a high of 2709.25, a low of 2698.00, and opened regular trading hours at 2704.75. The morning high came in late at 2713.75, and the morning low print was at 2697.00 early on. The S&P’s traded 2709.75 on the 10:30 European close, and 2712.75 going into the noon hour.

The early afternoon saw a high of 2719.00 and a low of 2712.25, and in the final hour of the day the ES printed to a new high, rallying up to 2725.00. The ES traded 2717.25 on the 2:45 cash imbalance reveal, 2723.75 on the 3:00 cash close, and settled at 2721.00 on the 3:15 futures close, up +16.75 handles or +0.62%.

In the end, the ES’s overall tone was firm. In terms of the days overall trade, volume was low, with only 980k futures contracts traded.

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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.}