Stocks Push To New 2019 Highs

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Index Futures Net Changes and Settlements:

Contract

Settlement

Net Change

+/-%

S&P 500 (ESM19:CME)

2870.50

+32.75

+1.15%

DowJones (YMM19:CBT)

26,228

+325

+1.25%

Nasdaq 100 (NQM19:CME)

7498.50

+98.00

+1.32%

Russell 2000 (RTYM19:CME)

1559.60

+15.80

+1.02%

Foreign Markets, Fair Value and Volume:

  • In Asia 10 out of 11 markets closed higher: Shanghai Comp +0.20%, Hang Seng +0.21%, Nikkei -0.02%
  • In Europe 13 out of 13 markets are trading higher: CAC +0.42%, DAX +0.59%, FTSE +0.93%
  • Fair Value: S&P +4.23, NASDAQ +25.35, Dow +5.73
  • Total Volume: 1.24mil ESM & 176 SPM traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes Motor Vehicle Sales, the 8-Week Bill Settlement, Durable Goods Orders 8:30 AM ET, and Redbook 8:55 AM ET.


S&P 500 Futures: Welcome To Mutual Fund Monday And The First Trading Day Of April

Chart courtesy of Scott Redler @RedDogT3$spx futures flattish as World markets digest a big multi-day move.

I knew it was a game changer when the EU started printing money again and the U.S. Federal Reserve decided to back off its rate increases. If memory serves me, these actions were the driving force behind all the stock buybacks, and the big stock market rally that started in March of 2009. While there maybe some selloffs in the future, it’s my guess the S&P’s keep charging higher.

During Sunday nights Globex session, the S&P 500 futures (ESM19:CME) gapped higher to open at 2844.50, up +6.25 handles from Friday’s settlement, and would remain the low for the day. From there, it went on to print a high of 2861.25, and opened Monday’s regular trading hours at 2859.00.

The ES was quiet after the 8:30 CT bell, and traded in a 4 handle range for the first half hour. At 9:00 a ‘top of the hour buy program’ was triggered, and the futures popped up to a new high at 2863.50. After that, the markets found some balance, and started to trade sideways for the next hour.

A little after 10:00 the ES began to slowly creep higher for the rest of the morning. By noon the futures had traded up to 2866.50, and it wasn’t done there. The slow grind continued well into the afternoon, eventually topping out at 2870.00.

On the 2:45 cash imbalance reveal the ES rallied 2871.50 as the MIM came out showing over $250M to buy, then traded up to a new high at 2773.50 on the 3:00 cash close, before settling the day at 2871.00, up +33.25, or +1.17%, on the 3:15 futures close.

At the end of the day, the bulls took over the tape. In terms of the ES’s the overall tone, it was firm all day. In terms of the days overall trade, total volume was steady, with 1.21 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_FLONG
TypeEntryExitTrade %Profit %PointsHeatMap
normal-2115171548860.0127.75chart
normal-1314211458920.0131.75chart
normal-11124713311000.0134.50chart
normal-8124813311000.0131.50chart
normal-5144315421000.0120.75chart
taylorPlus-2113131406860.0247.75chart
taylorPlus-1313291405920.0124.25chart
taylorPlus-1113291405910.0118.25chart
taylorPlus-812581353880.0120.50chart
taylorPlus-5093010291000.0136.25chart
taylor3-2112361331810.0250.00chart
taylor3-1310161047850.0127.25chart
taylor3-1110181115820.0125.00chart
taylor3-812451331880.0121.75chart
taylor3-5123513141000.0116.25chart
ES_FSHORT
TypeEntryExitTrade %Profit %PointsHeatMap
normal-1111081201-82-0.02-51.75chart
normal-811181215-87-0.02-47.00chart
normal-511081201-100-0.01-32.75chart
taylorPlus-1314311513-85-0.01-23.75chart
taylorPlus-1114331524-91-0.01-17.25chart
taylorPlus-814311515-100-0.01-23.25chart
taylorPlus-514371517-100-0.01-16.25chart
taylor3-1110071041-82-0.00-10.75chart
taylor3-809421018-87-0.02-49.00chart

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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.


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