Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2938.00 |
+25.50 |
+0.87% |
|
DowJones (YMM19:CBT) |
26,639 |
+126 |
+0.47% |
|
Nasdaq 100 (NQM19:CME) |
7838.00 |
+103.25 |
+1.33% |
|
Russell 2000 (RTYM19:CME) |
1589.70 |
+25.60 |
+1.63% |
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed higher: Shanghai Comp +0.09%, Hang Seng -0.53%, Nikkei -0.27%
- In Europe 9 out of 13 markets closed lower: CAC -0.26%, DAX +0.69%, FTSE -0.47%
- Fair Value: S&P +2.98, NASDAQ +17.14, Dow -7.12
- Total Volume: 1.18 ESM & 243 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes MBA Mortgage Applications 7:00 AM ET, State Street Investor Confidence Index 10:00 AM ET, and the EIA Petroleum Status Report 10:30 AM ET.
S&P 500 Futures: Out Of The Way!
During Monday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2916.75, a low of 2908.00, and opened Tuesday’s regular trading hours at 2915.25.
The first move after the 8:30 CT bell was a quick dip down to 2912.25, followed by a stair stepper rally that would last until 9:30, and boost the ES up to 2924.50. After that, the bulls took over, and they were very serious.
Over the course of the next 2 hours the ES rallied nearly 20 handles without so much as a headfake to tease the bears. If you were short, you paid up, or you doubled up. Either way, it didn’t pay to be a seller.
At around 11:00 things began to ease up. The futures pulled back a little, and the markets in general felt calmer. The ES went on to trade sideways in a 3 handle range for the rest of the morning and into the afternoon.
Going into the close, the futures traded 2934.75 when the 2:45 cash imbalance reveal showed $475M to sell, then went on to print 2937.00 on the 3:00 cash close, and 2938.50 on the 3:15 futures close.
In the end, the overall tone of the ES was strong. In terms of the days overall trade, total volume was higher, with 1.2 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 | 1447 | 1520 | 90 | 0.01 | 27.25 | chart |
| normal-13 | 1449 | 1520 | 92 | 0.01 | 17.75 | chart |
| normal-11 | 1449 | 1520 | 91 | 0.01 | 17.00 | chart |
| normal-8 | 1203 | 1259 | 100 | 0.01 | 14.75 | chart |
| normal-5 | 1053 | 1151 | 100 | 0.01 | 19.75 | chart |
| taylorPlus-11 | 1044 | 1133 | 82 | 0.01 | 33.25 | chart |
| taylorPlus-8 | 1144 | 1226 | 88 | 0.00 | 12.00 | chart |
| taylorPlus-5 | 1045 | 1116 | 100 | 0.01 | 19.50 | chart |
| taylor3-21 | 1304 | 1403 | 86 | 0.02 | 65.50 | chart |
| taylor3-13 | 1240 | 1331 | 92 | 0.01 | 25.00 | chart |
| taylor3-11 | 1240 | 1331 | 91 | 0.01 | 16.75 | chart |
| taylor3-8 | 1423 | 1516 | 100 | 0.01 | 34.25 | chart |
| taylor3-5 | 1438 | 1534 | 100 | 0.01 | 15.50 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-11 | 0930 | 1017 | -82 | -0.01 | -34.50 | chart |
| normal-8 | 0948 | 1040 | -87 | -0.01 | -24.75 | chart |
| normal-5 | 1005 | 1053 | -100 | -0.00 | -7.50 | chart |
| taylorPlus-13 | 0946 | 1045 | -85 | -0.02 | -59.50 | chart |
| taylorPlus-11 | 1313 | 1344 | -91 | -0.01 | -19.75 | chart |
| taylorPlus-8 | 0946 | 1045 | -87 | -0.01 | -39.00 | chart |
| taylorPlus-5 | 0946 | 1045 | -100 | -0.01 | -31.50 | chart |
| taylor3-11 | 1401 | 1438 | -82 | -0.00 | -6.25 | chart |
| taylor3-8 | 1151 | 1247 | -87 | -0.01 | -14.50 | chart |
| taylor3-5 | 1000 | 1039 | -100 | -0.00 | -14.00 | chart |
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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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