Adam Mesh Trading
24 Straight Winners and Counting – See How
I’ve traded everything for over 20 years and I’ve never found anything that makes more sense or profits than trading options. I’ve put together a ‘Must Have’ Strategy List to use on your journey—and it’s yours FREE.
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Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESU18:CME) | 2899.25 | +0.75 | +0.02% |
| DowJones (YMU18:CBT) | 26,085 | +8 | +0.03% |
| Nasdaq 100 (NQU18:CME) | 7578.00 | +10.00 | +0.13% |
| Russell 2000 (RTYU:CME) | 1729.50 | -1.60 | -0.09% |
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed higher: Shanghai Comp -0.31%, Hang Seng +0.23%, Nikkei +0.15%
- In Europe 7 out of 13 markets are trading higher: CAC +0.21%, DAX +0.11%, FTSE -0.34%
- Fair Value: S&P +0.73, NASDAQ +6.37, Dow +13.76
- Total Volume: 902k ESU & 318 SPU traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes MBA Mortgage Applications 7:00 AM ET, GDP 8:30 AM ET, Corporate Profits 8:30 AM ET, Pending Home Sales Index 10:00 AM ET, State Street Investor Confidence Index 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET, and Farm Prices 3:00 PM ET.
S&P 500 Futures: #ES 2906
The S&P 500 futures traded up to 2906.25 at 8:20 am on Globex Tuesday morning, and traded 2903.25 on the 8:30 futures open. From there, the futures pulled back down to the vwap at 2901.75, rallied up 2904.50, and made five lower lows down to 2894.25 at 11:05 am CT. I put this out in the MrTopStep forum Monday night just after 7:00 PM…
Dboy:(8:07:20 PM) : Im not shorting but if I were I would layer in some offers between 2902 and 2912
Dboy:(8:07:39 PM) : everyone very bullish now
As I have said many times, ‘I’m a bull but I aint no fool’. Even with the US and Canada nearing a trade deal, the S&P futures (ESU18:CME) have rallied over 100 handles in the last few weeks, with most of the gains in the last week. The main concern isn’t that the ES can’t still go higher, its a ‘wayward headline’ that worries me.
After the ES made its 2894.25 low I put this out in the forum.
Dboy:(12:04:41 PM) : nq trying to hold
The Nasdaq low was 7564.25, and 30 minutes later it traded back up to 7583.75, pulled back, then traded up to 7589.25. The ES traded up to 2900.00, pulled back, then traded up to 2901.00. After 2:00 the MiM started to show small for sale and the ES pulled back down to 2895.50. On the 2:45 cash imbalance the ES traded 2896.7, as the final MiM showed $230 million for sale. On the 3:00 cash close the ES traded 2899.25, and went on to settle at 2899.50 on the 3:15 futures close.
In the end, total volume totally stunk. On the 3:00 cash close there were only 800,000 ES contracts traded. In terms of the ES’s overall tone, it feels overbought short term. In terms of the days trade, the ES chopped around in a 4 to 5 handle range for most of the day.
Stock Traders Almanac September Strategy Calendar
[gview file=”https://mrtopstep.com/wp-content/uploads/2018/08/AIN_0918_20180823_September_Calendar_pdf.pdf”]
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.
Normal
Normal is a straight trading day count. A 5 day normal on a full-trading week would include Monday through Friday. A 5 day normal on a Monday holiday week would be the previous week’s Friday, skip Saturday, Sunday and holiday Monday and then Tuesday through Friday.
Early close days are considered non-trading in our normal count and are therefore skipped also.
| 08-29-2018 | 21-normal | Entry | Exit | Trade | Profit | Profit | |
|---|---|---|---|---|---|---|---|
| Contract | Direction | Time | Time | % | % | Points | HeatMap |
| CL_F | long | 1352 | 1400 | 81 | 0.01 | 0.68 | |
| ES_F | long | 0931 | 0942 | 86 | 0.01 | 32.25 | |
| ES_F | short | 1535 | 1555 | -90 | -0.01 | -38.00 | |
| NQ_F | long | 1158 | 1220 | 86 | 0.02 | 130.75 | |
| NQ_F | short | 1547 | 1555 | -86 | -0.01 | -67.75 | |
| YM_F | long | 1201 | 1213 | 86 | 0.01 | 221.00 | |
| YM_F | short | 1535 | 1557 | -95 | -0.02 | -382.00 |
Trading dates are:
[“2018-07-31″,”2018-08-01″,”2018-08-02″,”2018-08-03″,”2018-08-06″,”2018-08-07″,”2018-08-08″,”2018-08-09″,”2018-08-10″,”2018-08-13″,”2018-08-14″,”2018-08-15″,”2018-08-16″,”2018-08-17″,”2018-08-20″,”2018-08-21″,”2018-08-22″,”2018-08-23″,”2018-08-24″,”2018-08-27″,”2018-08-28”]
To read this chart using CL_F above, a Long from 13:52 until 14:00 ET has been profitable 81% of the time over the last 21 days.
| 08-29-2018 | 13-normal | Entry | Exit | Trade | Profit | Profit | |
|---|---|---|---|---|---|---|---|
| Contract | Direction | Time | Time | % | % | Points | HeatMap |
| CL_F | long | 1424 | 1432 | 85 | 0.02 | 1.25 | |
| CL_F | short | 1015 | 1031 | -85 | -0.02 | -1.40 | |
| ES_F | long | 0931 | 0944 | 92 | 0.01 | 23.00 | |
| ES_F | short | 1536 | 1555 | -100 | -0.01 | -27.50 | |
| NQ_F | long | 1017 | 1039 | 92 | 0.01 | 71.75 | |
| NQ_F | short | 1536 | 1552 | -92 | -0.01 | -90.00 | |
| YM_F | long | 1153 | 1216 | 85 | 0.01 | 166.00 | |
| YM_F | short | 1535 | 1552 | -100 | -0.01 | -281.00 |
Trading dates are:
[“2018-08-10″,”2018-08-13″,”2018-08-14″,”2018-08-15″,”2018-08-16″,”2018-08-17″,”2018-08-20″,”2018-08-21″,”2018-08-22″,”2018-08-23″,”2018-08-24″,”2018-08-27″,”2018-08-28”]
To read this chart using CL_F above, a Long from 14:24 until 14:32 ET has been profitable 85% of the time over the last 13 days.
| 08-29-2018 | 11-normal | Entry | Exit | Trade | Profit | Profit | |
|---|---|---|---|---|---|---|---|
| Contract | Direction | Time | Time | % | % | Points | HeatMap |
| CL_F | long | 1152 | 1203 | 91 | 0.01 | 0.89 | |
| CL_F | short | 1015 | 1031 | -91 | -0.02 | -1.56 | |
| ES_F | long | 0930 | 0940 | 100 | 0.01 | 18.75 | |
| ES_F | short | 1535 | 1555 | -100 | -0.01 | -25.25 | |
| NQ_F | long | 1026 | 1039 | 91 | 0.01 | 80.25 | |
| NQ_F | short | 1547 | 1555 | -100 | -0.01 | -40.00 | |
| YM_F | long | 1157 | 1211 | 100 | 0.01 | 170.00 | |
| YM_F | short | 1535 | 1554 | -100 | -0.01 | -247.00 |
Trading dates are:
[“2018-08-14″,”2018-08-15″,”2018-08-16″,”2018-08-17″,”2018-08-20″,”2018-08-21″,”2018-08-22″,”2018-08-23″,”2018-08-24″,”2018-08-27″,”2018-08-28”]
To read this chart using CL_F above, a Long from 11:52 until 12:03 ET has been profitable 91% of the time over the last 11 days.
| 08-29-2018 | 8-normal | Entry | Exit | Trade | Profit | Profit | |
|---|---|---|---|---|---|---|---|
| Contract | Direction | Time | Time | % | % | Points | HeatMap |
| CL_F | long | 1028 | 1038 | 88 | 0.01 | 0.78 | |
| CL_F | short | 1124 | 1140 | -100 | -0.01 | -0.97 | |
| ES_F | long | 0930 | 0940 | 100 | 0.01 | 16.25 | |
| ES_F | short | 1536 | 1555 | -100 | -0.01 | -15.00 | |
| NQ_F | long | 1218 | 1227 | 100 | 0.00 | 33.00 | |
| NQ_F | short | 1417 | 1440 | -100 | -0.00 | -32.75 | |
| YM_F | long | 0932 | 0943 | 100 | 0.01 | 165.00 | |
| YM_F | short | 1526 | 1552 | -100 | -0.01 | -166.00 |
Trading dates are:
[“2018-08-17″,”2018-08-20″,”2018-08-21″,”2018-08-22″,”2018-08-23″,”2018-08-24″,”2018-08-27″,”2018-08-28”]
To read this chart using CL_F above, a Long from 10:28 until 10:38 ET has been profitable 88% of the time over the last 8 days.
| 08-29-2018 | 5-normal | Entry | Exit | Trade | Profit | Profit | |
|---|---|---|---|---|---|---|---|
| Contract | Direction | Time | Time | % | % | Points | HeatMap |
| CL_F | long | 1031 | 1057 | 100 | 0.01 | 0.94 | |
| CL_F | short | 1014 | 1031 | -100 | -0.01 | -0.79 | |
| ES_F | long | 0931 | 0943 | 100 | 0.00 | 9.25 | |
| ES_F | short | 1046 | 1109 | -100 | -0.00 | -9.00 | |
| NQ_F | long | 0953 | 1017 | 100 | 0.01 | 50.75 | |
| NQ_F | short | 1251 | 1313 | -100 | -0.00 | -29.25 | |
| YM_F | long | 1034 | 1044 | 100 | 0.00 | 88.00 | |
| YM_F | short | 1533 | 1555 | -100 | -0.00 | -110.00 |
Trading dates are:
[“2018-08-22″,”2018-08-23″,”2018-08-24″,”2018-08-27″,”2018-08-28”]
To read this chart using CL_F above, a Long from 10:31 until 10:57 ET has been profitable 100% of the time over the last 5 days.
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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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