Mutual Fund Monday And The China Tariffs

Index Futures Net Changes and Settlements:

Contract	Settlement	Net Change	+/-%
S&P 500 (ESM19:CME)	2932.50	-15.00	-0.50%
DowJones (YMM19:CBT)	26,405	-94	-0.35%
Nasdaq 100 (NQM19:CME)	7803.50	-61.50	-0.78%
Russell 2000 (RTYM19:CME)	1617.50	+0.20	+0.01%

Foreign Markets, Fair Value and Volume:

In Asia 7 out of 11 markets closed lower: Shanghai Comp +0.69%, Hang Seng +0.52%, Nikkei -1.51%
In Europe 11 out of 13 markets closed lower: CAC -0.65%, DAX -0.56%, FTSE -0.91%
Fair Value: S&P +0.80, NASDAQ +10.98, Dow -34.94
Total Volume: 2.02 million ESM & 148 SPM traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes the 8-Week Bill Settlement, Robert Kaplan Speaks 7:00 AM ET, Redbook 8:55 AM ET, JOLTS 10:00 AM ET, and Consumer Credit 3:00 PM ET.

S&P 500 Futures: Dump & Pump

Chart courtesy of Scott Redler @RedDogT3 – $spx futures -15 as trade tensions rise. Be carful with entires and know your timeframe.

During Sunday nights Globex session, the S&P 500 futures (ESM19:CME) gapped 30 points lower to open at 2917.75 after Trump tariff headlines hit the tape. 2917.75 would remain the high for the night, and the ES continuned down to print a low at 2883.50, and opened Monday’s regular trading hours at 2897.50.

The futures were strong after the 8:30 CT bell, and by 10:30 had recovered back up to 2924.50. From there, the ES did some back and fill down 2914.50, before rallying into the final hour. At 2:30 the futures had traded up to a new high at 2938.25, then pulled back a little to print 2933.75 on the 3:00 cash close, and ended the day at 2933.00 on the 3:15 futures close.

In the end, the overall tone of the ES was weak overnight and early in the day, but staged a big rally. In terms of the days overall trade, total volume was extremely high, with over 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	1450	1521	81	0.01	25.25	chart
normal-13	1307	1347	92	0.01	27.25	chart
normal-11	1309	1408	91	0.01	36.00	chart
normal-8	1309	1408	100	0.01	32.00	chart
normal-5	1309	1408	100	0.01	26.25	chart
taylorPlus-21	1038	1133	90	0.02	58.75	chart
taylorPlus-13	1043	1130	100	0.01	35.00	chart
taylorPlus-11	1044	1127	100	0.01	25.25	chart
taylorPlus-8	1046	1139	100	0.01	30.25	chart
taylorPlus-5	1046	1144	100	0.01	26.50	chart
taylor3-21	1304	1403	86	0.02	52.00	chart
taylor3-13	1306	1336	92	0.01	18.75	chart
taylor3-11	1306	1336	100	0.01	19.75	chart
taylor3-8	1306	1358	100	0.01	22.25	chart
taylor3-5	1203	1241	100	0.01	18.50	chart

ES_F	SHORT
Type	Entry	Exit	Trade %	Profit %	Points	HeatMap
normal-11	1457	1533	-82	-0.00	-5.25	chart
normal-5	1507	1543	-100	-0.00	-9.75	chart
taylorPlus-13	1156	1254	-92	-0.01	-35.25	chart
taylorPlus-11	1003	1036	-100	-0.01	-38.50	chart
taylorPlus-8	1003	1033	-100	-0.01	-32.75	chart
taylorPlus-5	1002	1033	-100	-0.01	-19.75	chart
taylor3-21	1522	1553	-81	-0.01	-38.50	chart
taylor3-13	1527	1557	-85	-0.01	-32.50	chart
taylor3-11	1056	1147	-82	-0.01	-41.00	chart
taylor3-8	1056	1130	-87	-0.01	-20.50	chart
taylor3-5	1113	1146	-100	-0.01	-22.25	chart

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_{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 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.