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.
Tap Here to get the Ebook
Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESZ18:CME) | 2896.00 | -15.50 | -0.53% |
| DowJones (YMZ18:CBT) | 26,102 | -83 | -0.31% |
| Nasdaq 100 (NQZ18:CME) | 7465.00 | -108.50 | -1.45% |
| Russell 2000 (RTYZ17:CME) | 1709.40 | -19.30 | -1.12% |
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed higher: Shanghai Comp +1.82%, Hang Seng +0.56%, Nikkei +1.41%
- In Europe 9 out of 13 markets are trading higher: CAC +0.19%, DAX +0.16%, FTSE +0.05%
- Fair Value: S&P +5.87, NASDAQ +30.41, Dow +33.19
- Total Volume: 1.78mil ESZ & 11,294 SPZ traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Redbook 8:55 AM ET, Housing Market Index 10:00 AM ET, a 4-Week Bill Auction 11:30 AM ET, and Treasury International Capital 4:00 PM ET.
S&P 500 Futures: US / China Trade Wars Continue
China newspapers warned it won’t play defense on trade as Trump lauds tariffs, but as the trade wars drag on, China’s stocks have lost over $5 trillion in market capitalization. During Sunday nights Globex session Shanghai stocks closed at their lowest levels since 2014. Thats getting serious!
European stocks were also weak, and that weakness showed up in US stocks.
After trading in a 7.25 handle range in the overnight session, the S&P 500 futures opened yesterday’s regular trading hours at 2909.75, down down -1.25 handles. The first move after the bell was up to an early high at 2910.25, followed by a wave of sell programs that pulled the index futures down to a mid morning low of 2899.25 just before 10:00.
The late morning saw a push higher, printing 2905.50, before sellers once again took over going into the afternoon, taking the ES down to a new low of day at 12:30 of 2897.75. From there, the futures up bounced to 2903.00, then traded back down to 2897.25 just before 2:00 pm.
With the S&P making a series of lower highs and lower lows throughout the day, the overall tone felt like a slow drain lower.
In the final hour the ES continued to make its way lower as the headlines posted that Trump would make a trade announcement later in the day. The weight was too strong for the ES, and a new low were made late in the day at 2892.25. The futures went on to print 2895.25 on the 3:00 cash close before settling the day at 2896.00, down -15.50 handles, or -0.53%.
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.
| 09-18-2018 | 5-normal | Entry | Exit | Trade | Profit | Profit | |
|---|---|---|---|---|---|---|---|
| Contract | Direction | Time | Time | % | % | Points | HeatMap |
| CL_F | long | 1101 | 1118 | 100 | 0.01 | 0.98 | |
| CL_F | short | 1230 | 1248 | -100 | -0.01 | -0.93 | |
| ES_F | long | 1101 | 1124 | 100 | 0.01 | 20.00 | |
| ES_F | short | 1031 | 1050 | -100 | -0.00 | -10.00 | |
| NQ_F | long | 1101 | 1125 | 100 | 0.01 | 78.75 | |
| NQ_F | short | 1024 | 1050 | -100 | -0.01 | -73.75 | |
| YM_F | long | 1101 | 1127 | 100 | 0.01 | 230.00 | |
| YM_F | short | 1158 | 1216 | -100 | -0.00 | -105.00 |
Trading dates are:
[“2018-09-11″,”2018-09-12″,”2018-09-13″,”2018-09-14″,”2018-09-17”]
To read this chart using CL_F above, a Long from 11:01 until 11:18 ET has been profitable 100% of the time over the last 5 days.
Get all of today’s HotSpots here
SIGN UP HERE TO GET THE FULL MRTOPSTEP OPENING PRINT!
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.
No responses yet