Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESZ18:CME) | 2928.50 | -1.50 | -0.05% |
| DowJones (YMZ18:CBT) | 26,807 | +129 | +0.48% |
| Nasdaq 100 (NQZ18:CME) | 7652.75 | -22.75 | -0.29% |
| Russell 2000 (RTYZ17:CME) | 1660.50 | -18.20 | -1.09% |
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed lower: Shanghai Comp +1.06%, Hang Seng -0.13%, Nikkei -0.66%
- In Europe 12 out of 13 markets are trading higher: CAC +0.63%, DAX UNCH, FTSE +0.59%
- Fair Value: S&P +4.42, NASDAQ +25.16, Dow +10.58
- Total Volume: 1.31mil ESZ & 240 SPZ traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Charles Evans Speaks 6:30 AM ET, MBA Mortgage Applications 7:00 AM ET, Tom Barkin Speaks 8:05 AM ET, ADP Employment Report 8:15 AM ET, PMI Services Index 9:45 AM ET, ISM Non-Mfg Index 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET, Patrick Harker Speaks 12:00 PM ET, Lael Brainard Speaks 1:00 PM ET, Loretta Mester Speaks 2:15 PM ET, Jerome Powell Speaks 4:00 PM ET, and Robert Kaplan Speaks 8:00 PM ET.
S&P 500 Futures: Dow Makes New Highs / S&P Up 334% Since March 2009 Lows
After dragging lower for much of the globex session, the S&P 500 futures opened yesterday’s regular trading hours at 2928.00, down -1.75 handles, and immediately traveled up to an early high at 2930.75. From there, the futures stutter stepped down to the the morning low at 2924.00 just after 9:00, before strong buy programs came in pushing the ES up to 2931.75. After a little back and fill, the benchmark futures then went on to rally up to 2936.00 just after 11:00.
The late morning saw a sideways chop into the afternoon, as the ES maintained a five handle range for about three hours, until late in the 1:00 hour when the futures began to dump back through the open, down to the low at 2924.00, just before 2:30. After that, the ES bounced up above the open at 2930.25, ultimately failing there, and pulled back to 2928.25 at 3:00 before going on to settle the day at 2928.75, down -1.25 handles, or -0.04%.
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.
| 10-03-2018 | 5-normal | Entry | Exit | Trade | Profit | Profit | |
|---|---|---|---|---|---|---|---|
| Contract | Direction | Time | Time | % | % | Points | HeatMap |
| CL_F | long | 1105 | 1131 | 100 | 0.02 | 1.39 | |
| CL_F | short | 1334 | 1342 | -100 | -0.01 | -0.37 | |
| ES_F | long | 0939 | 1002 | 100 | 0.01 | 17.25 | |
| ES_F | short | 1511 | 1537 | -100 | -0.01 | -16.25 | |
| NQ_F | long | 0930 | 0946 | 100 | 0.01 | 70.00 | |
| NQ_F | short | 1424 | 1446 | -100 | -0.01 | -50.75 | |
| YM_F | long | 0936 | 1002 | 100 | 0.01 | 203.00 | |
| YM_F | short | 1431 | 1455 | -100 | -0.01 | -150.00 |
Trading dates are:
[“2018-09-26″,”2018-09-27″,”2018-09-28″,”2018-10-01″,”2018-10-02”]
To read this chart using CL_F above, a Long from 11:05 until 11:31 ET has been profitable 100% of the time over the last 5 days.
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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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