U.S. Stocks Take A Hit

 

 

 

Index Futures Net Changes and Settlements:  

Foreign Markets, Fair Value and Volume:

• In Asia 7 out of 11 markets closed lower: Shanghai Comp +1.30%, Hang Seng -0.16%, Nikkei -2.01%
• In Europe 12 out of 13 markets are trading lower: CAC -0.22%, DAX -0.48%, FTSE -0.24%
• Fair Value: S&P -0.99, NASDAQ +5.31, Dow -24.08
• Total Volume: 1.91mil ESH & 782 SPH traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes the Baker-Hughes Rig Count 1:00 PM ET, and Mary Daly Speaks at 1:15 PM ET.

S&P 500 Futures: #ES Down 0.90% #YM Down 0.73% #NQ Down 1.20%

Chart courtesy of @Chicagostock – $ES_F Back to retesting the Dec 12 high of 2686. Key level to hold. Failure to do so traps late buyers above, next sell stops below 2675 to allow a retest of the FOMC b/o @ 2650. Buyers must overcome 2718 to recover break.

On Wednesday nights Globex session, the S&P 500 futures (ESH19:CME) printed a high of 2729.25, a low of 2708.75, and opened Thursday’s regular trading hours at 2711.75. The morning high print was 2718.50, and the morning low came in at 2685.50. The S&P’s traded 2695.75 on the 10:30 European close, and 2688.25 going into the noon hour.

The early afternoon saw a low of 2687.75, a high of 2700.00, and a print of 2699.50 going into the final hour of the day. The futures rallied heading into the close and traded up to 2705.25 on the 2:45 cash imbalance reveal, then printed 2704.50 on the 3:00 cash close, and settled the day at 2704.75 on the 3:15 futures close, down -24.75 handles, or -0.90%.

In the end, the overall tone of the ES was weak, despite a rally on the close. In terms of the days overall trade, volume was higher, with 1.9 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.

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.}