Wealthpress – $6.50 CPL

Unique “Double Trigger” Option Setup

Very few traders know about this unique market phenomenon. Those who do could capture short term option returns – of up to 320%. How it works is simple: if a stock crosses one red line the setup is “armed” And, if it crosses the second red line? We get an explosive move.

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Index Futures Net Changes and Settlements:

Contract Settlement Net Change +/-%
S&P 500 (ESU18:CME) 2905.25 +16.75 +0.57%
DowJones (YMU18:CBT) 26,160 +146 +0.55%
Nasdaq 100 (NQU18:CME) 7564.50 +78.75 +1.04%
Russell 2000 (RTYU17:CME) 1715.00 -1.60 -0.09%

Foreign Markets, Fair Value and Volume:

  • In Asia 9 out of 11 markets closed higher: Shanghai Comp -0.18%, Hang Seng +1.01%, Nikkei +1.20%
  • In Europe 9 out of 13 markets are trading higher: CAC +0.24%, DAX +0.20%, FTSE +0.23%
  • Fair Value: S&P +5.96, NASDAQ +32.02, Dow +35.14
  • Total Volume: 1.63mil ESU & 5,494 SPU traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes Retail Sales 8:30 AM ET, Import and Export Prices 8:30 AM ET, Charles Evans Speaks 9:00 AM ET, Industrial Production 9:15 AM ET, Business Inventories 10:00 AM ET, Consumer Sentiment 10:00 AM ET, and the Baker-Hughes Rig Count 1:00 PM ET.


S&P 500 Futures: Roll Over Day RIP

The S&P 500 futures (ESZ18:CME) rallied on Globex Wednesday night into Thursday morning, trading up to 2900.25, and opened the day session at 2899.75. After the 8:30 CT bell the futures chopped around a little, then traded up to a new high at 2912.00 at 9:15 CT, and this is what I said :

Dboy:(10:15:51 AM):sold 2 lots at 2911.50

Dboy:(10:16:25 AM):come on give me a shitty China headline.  

One and a half minutes later this headline hit the tape :

(10:17:26 AM):*TRUMP: CHINA IS UNDER MORE PRESSURE THAN U.S. FOR TRADE DEAL.

Once the China headline was out, the ES sold off down to 2902.00, traded sideways, rallied up to 2907.25, sold back off and ‘double bottomed’ at 2902.00, before shooting back up to 2911.75, 1 tick shy of the high at 2912.00. After the pop the ES slowly worked its way back down to the vwap at 2905.50, and then rallied up to another lower high of 2911.00, before trading down to 2905.75. As the MiM reveal showed $82 million to buy the futures sprang higher, printing 2910.25 on the 3:00 cash close, and settling the day at 2910.50, up +17.00 handles, or +0.59%.

I have always said I am not an analyst, nor do I think I am smarter than you. I’m just an old floor guy that has seen very market move / crash since 1985. I know the pits are gone and I know trading is not as easy as the folks on Twitter say it is, but Goddamn, I have to say, I would rather be lucky than smart!


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.

09-14-2018 5-normal Entry Exit Trade Profit Profit
Contract Direction Time Time % % Points HeatMap
CL_F long 1055 1118 100 0.02 1.14
CL_F short 1337 1359 -100 -0.01 -0.68
ES_F long 0937 1003 100 0.01 25.50
ES_F short 1206 1220 -100 -0.00 -11.75
NQ_F long 1050 1114 100 0.01 98.75
NQ_F short 1011 1033 -100 -0.01 -59.75
YM_F long 1105 1131 100 0.01 218.00
YM_F short 1201 1220 -100 -0.01 -168.00

Trading dates are:

[“2018-09-07″,”2018-09-10″,”2018-09-11″,”2018-09-12″,”2018-09-13”]

To read this chart using CL_F above, a Long from 10:55 until 11:18 ET has been profitable 100% of the time over the last 5 days.


Get all of today’s HotSpots here


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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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