Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2947.50 |
+30.00 |
+1.02% |
|
DowJones (YMM19:CBT) |
26,499 |
+234 |
+0.89% |
|
Nasdaq 100 (NQM19:CME) |
7865.00 |
+130.75 |
+1.69% |
|
Russell 2000 (RTYM19:CME) |
1617.30 |
+31.50 |
+1.98% |
Foreign Markets, Fair Value and Volume:
- In Asia 11 out of 11 markets closed lower: Shanghai Comp -5.58%, Hang Seng -2.90%, Nikkei -0.22%
- In Europe 12 out of 13 markets closed lower: CAC -1.86%, DAX -1.72%, FTSE +0.40%
- Fair Value: S&P +1.23, NASDAQ +12.17, Dow -31.04
- Total Volume: 1.28 million ESM & 285 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Patrick Harker Speaking at 9:30 AM ET, and TD Ameritrade IMX 12:30 PM ET.
S&P 500 Futures: Jobs Day Up, Up And Away
Commentary courtesy of Scott Redler @RedDogT3 – Good morning. $spx futures -50. The Trump ultimatum was definitely a big Curve Ball. Markets and charts closed well Friday. I’m sure many traders are caught (like me). I will look for “Morning Reactionary lows” then use them to try & add and adjust. If they break, salvage.
During Thursday nights Globex session, the S&P 500 futures (ESM19:CME) printed a low of 2916.50, and rallied after the positive jobs number to a high at 2934.00, then opened Friday’s regular trading hours at 2933.75.
After the 8:30 CT bell, continued strength from the solid jobs report helped push the ES up to an early high at 2938.75. From there, the futures pulled back a few handles, and then started a second leg higher, this time stopping at 2942.75 for a few minutes on its way up to 2949.00.
Heading into the close, the ES retraced a little, and when the 2:45 cash imbalance reveal came out showing $225M to buy, it was trading at 2945.00. The futures went on to print 2945.75 on the 3:00 cash close, and ended the week at 2947.50 on the 3:15 futures close, up +30 handle on the day.
In the end, the overall tone of the ES was strong. In terms of the days overall trade, total volume was lower, with 1.3 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 | 1241 | 1324 | 81 | 0.01 | 19.00 | chart |
| normal-13 | 1307 | 1347 | 85 | 0.01 | 23.50 | chart |
| normal-11 | 1307 | 1406 | 91 | 0.01 | 32.75 | chart |
| normal-8 | 1309 | 1408 | 100 | 0.01 | 30.50 | chart |
| normal-5 | 1309 | 1408 | 100 | 0.01 | 23.75 | chart |
| taylorPlus-13 | 1044 | 1139 | 85 | 0.01 | 20.25 | chart |
| taylorPlus-11 | 1203 | 1233 | 91 | 0.01 | 18.25 | chart |
| taylorPlus-8 | 1045 | 1139 | 100 | 0.01 | 23.50 | chart |
| taylorPlus-5 | 1301 | 1353 | 100 | 0.01 | 17.25 | chart |
| taylor3-21 | 1249 | 1320 | 81 | 0.01 | 36.25 | chart |
| taylor3-13 | 1354 | 1431 | 85 | 0.01 | 21.75 | chart |
| taylor3-11 | 1250 | 1320 | 82 | 0.01 | 27.50 | chart |
| taylor3-8 | 1044 | 1139 | 88 | 0.01 | 19.50 | chart |
| taylor3-5 | 1123 | 1155 | 100 | 0.00 | 10.50 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-11 | 1447 | 1543 | -82 | -0.01 | -16.25 | chart |
| normal-8 | 1405 | 1441 | -87 | -0.01 | -15.75 | chart |
| normal-5 | 1423 | 1504 | -100 | -0.01 | -24.25 | chart |
| taylorPlus-21 | 0930 | 1014 | -81 | -0.02 | -59.00 | chart |
| taylorPlus-13 | 0930 | 1014 | -85 | -0.01 | -36.00 | chart |
| taylorPlus-11 | 0930 | 1014 | -91 | -0.01 | -39.50 | chart |
| taylorPlus-8 | 0930 | 1014 | -100 | -0.01 | -28.25 | chart |
| taylorPlus-5 | 0930 | 1021 | -100 | -0.01 | -20.75 | chart |
| taylor3-13 | 1331 | 1402 | -85 | -0.00 | -10.25 | chart |
| taylor3-11 | 1026 | 1101 | -82 | -0.01 | -30.50 | chart |
| taylor3-8 | 1303 | 1333 | -87 | -0.00 | -5.25 | chart |
| taylor3-5 | 1303 | 1353 | -100 | -0.00 | -6.75 | 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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