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Index Futures Net Changes and Settlements:
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Contract | Settlement | Net Change | +/-% |
S&P 500 (ESH19:CME) | 2635.25 | +22.00 | +0.84% |
DowJones (YMH19:CBT) | 24,321 | +170 | +0.70% |
Nasdaq 100 (NQH19:CME) | 6720.00 | +53.75 | +0.80% |
Russell 2000 (RTYH19:CME) | 1468.30 | +14.10 | +0.96% |
Foreign Markets, Fair Value and Volume:
- In Asia 11 out of 11 markets closed higher: Shanghai Comp +1.42%, Hang Seng +1.25%, Nikkei +1.29%
- In Europe 13 out of 13 markets are trading higher: CAC +1.60%, DAX +1.77%, FTSE +1.60%
- Fair Value: S&P -0.17, NASDAQ +9.46, Dow -27.62
- Total Volume: 1.5mil ESH & 430 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes John Williams Speaks 9:05 AM ET, Industrial Production 9:15 AM ET, Consumer Sentiment 10:00 AM ET, and the Baker-Hughes Rig Count 1:00 PM ET.
S&P 500 Futures: #ES Shake & Bake
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Chart courtesy of @Chicagostock – Just a coincidence the China/Tariff news came out just as $ES_F was overcoming prior session high 2626, fueling move into 2645.5, falling 2 pt below the Dec 13 open gap 2747.50. Dec 3 all over again?
On yesterday’s cash open the S&P 500 futures printed 2605.75, made a low of day a tick beneath, and never looked back. The #ES pushed up to a first hour high at 2618.75, then after a 7.5 handle pullback, the markets reloaded and began to grind higher through the late morning, making a high of 2623.00.
The ES went on to make a midday low of 2617.75, and once again buyers came in to push the benchmark futures up to 2625.75. As news hit that some people in the Trump administration were suggesting a lift on the China tariffs, the ES rallied hard, up to 2645.50, before coming back down to 2625.25. The futures continued to climb into the close, settling the day at 2635.75, up +22.50 handles, or +0.86%.
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.
Lookbacks:
The lookback period (number of days) is set at 21,13,11,8 and 5 days. A heat-map is generated for each of these lookback periods, the best trade from day is scored.
The period of time that has consistently produced the best results becomes the hotspot for that look back. There are also different look-back types like Taylor and Taylor Plus.
Taylor cycles are usually 3-day cycles. A Taylor-5 look-back would use the last 5 trading days skipping back by 3 trading days. Taylor Plus uses calendar days so weekends and none
trading days are counted as part of the skip count. If a lookback period falls on a none trading day, it is not used so a TaylorPlus will continue skipping back until 5 trading days are found for the heatmap calculation.
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