Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESM19:CME) | 2894.50 | +13.50 | +0.46% |
| DowJones (YMM19:CBT) | 26,117 | +105 | +0.40% |
| Nasdaq 100 (NQM19:CME) | 7522.75 | +49.50 | +0.66% |
| Russell 2000 (RTYM19:CME) | 1535.70 | +14.10 | +0.92% |
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed lower: Shanghai Comp -0.99%, Hang Seng -0.65%, Nikkei +0.40%
- In Europe 13 out of 13 markets are trading lower: CAC -0.51%, DAX -0.88%, FTSE -0.56%
- Fair Value: S&P +5.24, NASDAQ +30.77, Dow +18.95
- Total Volume: 1.4 million ESM & 4,221 SPM traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes Retail Sales 8:30 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: Markets Roll Over For The Roll
Chart courtesy of Scott Redler @RedDogT3 – Good morning. Mixed/mostly red arrows around the World as AVGO creates weakness in the Semi’s. Iran/Tanker, US/China trade are the focus. $spx futures -11. We’ll see if 2874 holds or does the upper flag break lower (2855 is support under).
After trading down to 2867.25 during Wednesday nights Globex session, the S&P 500 futures rallied to open Thursday’s regular trading hours at 2890.00. The first move after the 8:30 Ct bell was to trade through the Globex high at 2894.50, and print a new high at 2896.50.
Once the high was in, the futures settled into a cozy sideways 12 handle range for the rest of the day.
Going into the close, when the MiM came out showing $173M to sell, the ES was trading at 2886.75. It would then go on to print 2893.25 on the 3:00 cash close, and 2894.50 on the 3:15 futures close.
It was a quiet day, to say the least, especially with the roll getting started. Markets were thin, volume was low, and we expect to see more of the same today.
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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 | 1014 | 1047 | 81 | 0.03 | 80.50 | chart |
| normal-13 | 1236 | 1315 | 85 | 0.01 | 33.00 | chart |
| normal-11 | 1236 | 1315 | 91 | 0.01 | 33.25 | chart |
| normal-8 | 1234 | 1304 | 88 | 0.01 | 27.50 | chart |
| normal-5 | 0930 | 1002 | 80 | 0.01 | 19.00 | chart |
| taylorPlus-13 | 1152 | 1240 | 92 | 0.02 | 43.75 | chart |
| taylorPlus-11 | 1152 | 1242 | 91 | 0.02 | 47.25 | chart |
| taylorPlus-8 | 1211 | 1246 | 100 | 0.01 | 34.75 | chart |
| taylorPlus-5 | 1220 | 1316 | 100 | 0.01 | 20.25 | chart |
| taylor3-21 | 1306 | 1405 | 86 | 0.03 | 71.50 | chart |
| taylor3-13 | 1324 | 1423 | 100 | 0.01 | 39.50 | chart |
| taylor3-11 | 1323 | 1408 | 100 | 0.01 | 37.50 | chart |
| taylor3-8 | 1505 | 1539 | 100 | 0.02 | 52.50 | chart |
| taylor3-5 | 1504 | 1558 | 100 | 0.02 | 52.00 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1359 | 1456 | -86 | -0.02 | -68.25 | chart |
| normal-13 | 1404 | 1503 | -85 | -0.02 | -54.00 | chart |
| normal-11 | 1131 | 1222 | -91 | -0.02 | -45.75 | chart |
| normal-8 | 1134 | 1221 | -87 | -0.01 | -19.00 | chart |
| normal-5 | 1400 | 1441 | -100 | -0.00 | -13.75 | chart |
| taylorPlus-21 | 0940 | 1013 | -81 | -0.02 | -59.75 | chart |
| taylorPlus-13 | 0939 | 1013 | -92 | -0.01 | -36.00 | chart |
| taylorPlus-11 | 0939 | 1013 | -91 | -0.01 | -29.25 | chart |
| taylorPlus-8 | 0939 | 1013 | -87 | -0.01 | -25.00 | chart |
| taylorPlus-5 | 0936 | 1009 | -100 | -0.01 | -26.50 | chart |
| taylor3-21 | 1111 | 1159 | -81 | -0.03 | -74.00 | chart |
| taylor3-13 | 1113 | 1146 | -92 | -0.01 | -42.25 | chart |
| taylor3-11 | 1056 | 1154 | -91 | -0.02 | -72.25 | chart |
| taylor3-8 | 1056 | 1154 | -87 | -0.02 | -44.00 | chart |
| taylor3-5 | 1109 | 1208 | -100 | -0.02 | -50.00 | chart |
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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