Index Futures Net Changes and Settlements:
|S&P 500 (ESU19:CME)||3000.25||+20.75||+0.69%|
|Nasdaq 100 (NQU19:CME)||7887.50||+549.25||+0.62%|
|Russell 2000 (RTYU19:CME)||1578.00||+11.70||+0.74%|
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed higher: Shanghai Comp +0.19%, Hang Seng -0.07%, Nikkei +0.20%
- In Europe 13 out of 13 markets are trading lower: CAC -0.33%, DAX -0.33%, FTSE -0.32%
- Fair Value: S&P +3.78, NASDAQ +25.37, Dow -1.95
- Total Volume: 798k ESU & 225 SPU traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes the Employment Situation 8:30 AM ET, Fed Balance Sheet & Money Supply 4:30 PM ET.
S&P 500 Futures: ES 3000.00
Chart courtesy of Scott Redler @RedDogT3 – $spx futures -4 as overseas was pretty quiet. The street wants Inline jobs data. Now see if 2972-2977 area holds to try and Tack on gains above 2995. Manage your trades.
During Tuesday nights Globes session, the S&P 500 futures printed a low of 2973.75, a high of 2988.25, and opened Wednesday regular trading hours (RTH) at 2983.75.
Even with the abbreviated trading session, and the fact that most traders had already left for a long holiday weekend, the buying was consistent throughout the day. Bears got trapped, and bulls got paid, once again.
After trading down to 2981.50 on the 8:30 CT bell, there was barely a pullback, not even when the ES breached the 3000 level, and printed a new record high at 3001.00.
When the MiM reveal came out showing $617 million to buy MOC, the futures continued to hold the higher ground, and closed out the session at 3000.75, +20.75 handles on the day.
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.