Charles St Research – $7 CPL
Buyer Beware: The rise (and fall) of Bitcoin
Two likely scenarios are about to play out for the world’s leading cryptocurrency in the next few months.
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Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESZ18:CME) | 2911.50 | +1.00 | +0.03% |
| DowJones (YMZ18:CBT) | 26,185 | +1 | +0.003% |
| Nasdaq 100 (NQZ18:CME) | 7573.50 | -19.50 | -0.25% |
| Russell 2000 (RTYZ17:CME) | 1728.70 | +8.60 | +0.49% |
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed lower: Shanghai Comp -1.11%, Hang Seng -1.30%, Nikkei +1.20%
- In Europe 9 out of 13 markets are trading higher: CAC 0.01%, DAX -0.28%, FTSE -0.09%
- Fair Value: S&P +5.84, NASDAQ +30.32, Dow +33.62
- Total Volume: 1.36mil ESZ & 4,010 SPZ traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes the 3-Yr Note Settlement, the 10-Yr Note Settlement, the 30-Yr Bond Settlement, and Empire State Mfg Survey at 8:30 AM ET.
S&P 500 Futures: Choppy Trading Ends The Week On A Positive Note
After trading in a ten handle range overnight, the S&P 500 futures opened Friday’s regular session at 2907.00, up +1.75 handles, in the December contract. The initial move after the bell was a rally up to a 2909.25 first hour high, followed by a selloff down to a 2901.75 early morning low.
After grinding up throughout the morning to a session high of 2909.50 at 10:45, the futures sold off abruptly just after 11:00 when news hit that Trump was prepared to proceed with tariffs on Chinese goods that had already been planned. The ES traded down to 2898.75, then bounced to 2902.00, before trading to a session low of 2896.75 just after the noon hour.
The afternoon saw a climb higher as the MiM grew in what ended up being $1.6 Billion cash imbalance to the buy side. The ESZ traded up to 2907.75 in the final minutes, printed 2905.75 at 3:00, and then settled the day at 2906.50, up +1.25 handles, or +0.04%.
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.
| 09-17-2018 | 5-normal | Entry | Exit | Trade | Profit | Profit | |
|---|---|---|---|---|---|---|---|
| Contract | Direction | Time | Time | % | % | Points | HeatMap |
| CL_F | long | 1132 | 1144 | 100 | 0.02 | 1.35 | |
| CL_F | short | 1230 | 1248 | -100 | -0.01 | -0.90 | |
| ES_F | long | 1101 | 1127 | 100 | 0.01 | 22.75 | |
| ES_F | short | 1331 | 1348 | -100 | -0.00 | -8.50 | |
| NQ_F | long | 1101 | 1125 | 100 | 0.01 | 105.25 | |
| NQ_F | short | 1246 | 1310 | -100 | -0.01 | -37.50 | |
| YM_F | long | 1101 | 1127 | 100 | 0.01 | 240.00 | |
| YM_F | short | 1200 | 1218 | -100 | -0.00 | -118.00 |
Trading dates are:
[“2018-09-10″,”2018-09-11″,”2018-09-12″,”2018-09-13″,”2018-09-14”]
To read this chart using CL_F above, a Long from 11:32 until 11:44 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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