Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESH19:CME) |
2708.25 |
+2.00 |
+0.07% |
|
DowJones (YMH19:CBT) |
25,017 |
-64 |
-0.25% |
|
Nasdaq 100 (NQH19:CME) |
6914.25 |
-2.50 |
-0.03% |
|
Russell 2000 (RTYH19:CME) |
1520.00 |
+11.90 |
+0.78% |
Foreign Markets, Fair Value and Volume:
- In Asia 8 out of 11 markets closed higher: Shanghai Comp +0.68%, Hang Seng +0.10%, Nikkei +2.61%
- In Europe 12 out of 13 markets are trading higher: CAC +1.00%, DAX +1.25%, FTSE +0.17%
- Fair Value: S&P -0.76, NASDAQ +4.44, Dow -24.34
- Total Volume: 1.1mil ESH & 188 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes a the 8-Week Bill Settlement, NFIB Small Business Optimism Index 6:00 AM ET, Redbook 8:55 AM ET, JOLTS 10:00 AM ET, Jerome Powell Speaks 12:45 PM ET, Esther George Speaks 5:30 PM ET, and Loretta Mester Speaks 6:30 PM ET.
S&P 500 Futures: UNCHED
Chart courtesy of @Chicagostock – $ES_F Friday’s defense and hold of Dec 12 2686 lvl giving way to recover last Thursday’s failure @ 271850. Holding current month low keeps buyers in control to continue probing at 200MA for shot at 2770. Down to 2690 support.
Over the weekend it sounded like the U.S. / China trade negotiations were not going well, but after U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin arrived in Beijing, there seemed to be a softer tone. Jonathan Golub, chief U.S. equity strategist at Credit Suisse, said “There’s this belief that this is going to very quickly resolve itself, and I think the reality is that there are very complicated long-term issues on the trade relationship between the two most powerful economies around the world.”
During Sunday nights Globex session, the S&P 500 futures (ESH19:CME) printed a high of 2721.50, a low of 2700.50, and opened Monday’s regular trading hours at 2714.50. The morning high print was 2717.50 right after the bell, and the morning low came in at 2703.75. The S&P’s traded 2708.25 on the 10:30 European close, and 2710.50 going into the noon hour.
The early afternoon saw a low of 2702.75, a high of 2711.75, and a print of 2705.50 going into the final hour of the day. The futures staged a minor rally heading into the close, and traded 2706.50 on the 2:45 cash imbalance reveal, then printed 2708.75 on the 3:00 cash close, and settled the day at 2708.50 on the 3:15 futures close, up +2.25 handles, or +0.08%.
In the end, most of the buying was done before the open, and the overall tone of the ES was somewhat weak. In terms of the days overall trade, volume was lower, with only 1.1 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 | 1511 | 1559 | 86 | 0.02 | 61.00 | chart |
| normal-13 | 1014 | 1047 | 100 | 0.02 | 40.25 | chart |
| normal-11 | 1511 | 1559 | 100 | 0.02 | 43.75 | chart |
| normal-8 | 1506 | 1558 | 100 | 0.02 | 42.50 | chart |
| normal-5 | 1505 | 1558 | 100 | 0.01 | 20.50 | chart |
| taylorPlus-21 | 1444 | 1523 | 81 | 0.02 | 55.50 | chart |
| taylorPlus-13 | 1020 | 1113 | 85 | 0.03 | 86.00 | chart |
| taylorPlus-11 | 1020 | 1113 | 91 | 0.03 | 79.50 | chart |
| taylorPlus-8 | 1001 | 1044 | 88 | 0.02 | 48.75 | chart |
| taylorPlus-5 | 1015 | 1045 | 100 | 0.01 | 30.75 | chart |
| taylor3-13 | 1320 | 1404 | 92 | 0.01 | 37.50 | chart |
| taylor3-11 | 1320 | 1407 | 100 | 0.02 | 59.50 | chart |
| taylor3-8 | 1320 | 1406 | 100 | 0.02 | 39.75 | chart |
| taylor3-5 | 1320 | 1407 | 100 | 0.01 | 29.50 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-13 | 1046 | 1120 | -85 | -0.02 | -47.25 | chart |
| normal-11 | 1046 | 1120 | -82 | -0.01 | -35.75 | chart |
| normal-8 | 1046 | 1120 | -87 | -0.01 | -28.25 | chart |
| normal-5 | 1041 | 1136 | -100 | -0.01 | -39.50 | chart |
| taylorPlus-21 | 1229 | 1308 | -81 | -0.03 | -86.50 | chart |
| taylorPlus-13 | 1353 | 1428 | -85 | -0.01 | -36.00 | chart |
| taylorPlus-11 | 1353 | 1428 | -82 | -0.01 | -26.50 | chart |
| taylorPlus-8 | 1408 | 1453 | -87 | -0.01 | -22.50 | chart |
| taylorPlus-5 | 1359 | 1443 | -100 | -0.01 | -21.50 | chart |
| taylor3-13 | 1435 | 1531 | -85 | -0.02 | -65.00 | chart |
| taylor3-11 | 1444 | 1536 | -91 | -0.03 | -67.75 | chart |
| taylor3-8 | 1223 | 1318 | -87 | -0.01 | -21.00 | chart |
| taylor3-5 | 1500 | 1537 | -100 | -0.01 | -24.50 | chart |
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