Buffett Admits He Overpaid for Kraft-Heinz

Commentary, News


Index Futures Net Changes and Settlements:

Contract

Settlement

Net Change

+/-%

S&P 500 (ESH19:CME)

2797.00

+5.75

+0.20%

DowJones (YMH19:CBT)

26,099

+97

+0.37%

Nasdaq 100 (NQH19:CME)

7125.75

+37.50

+0.52%

Russell 2000 (RTYH19:CME)

1591.10

+1.20

+0.07%

Foreign Markets, Fair Value and Volume:

  • In Asia 10 out of 11 markets closed lower: Shanghai Comp -0.67%, Hang Seng -0.65%, Nikkei -0.37%
  • In Europe 10 out of 13 markets are trading lower: CAC -0.25%, DAX -0.28%, FTSE -1.09%
  • Fair Value: S&P +0.04, NASDAQ +4.05, Dow -6.67
  • Total Volume: 1.24mil ESH & 385 SPH traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes the 8-Week Bill Settlement, Housing Starts 8:30 AM ET, Redbook 8:55 AM ET, S&P Corelogic Case-Shiller HPI 9:00 AM ET, FHFA House Price Index 9:00 AM ET, Jerome Powell Speaks 9:45 AM ET, Consumer Confidence 10:00 AM ET, and Richmond Fed Manufacturing Index 10:00 AM ET.


S&P 500 Futures: 10 Week Rally Continues To Roll

Chart courtesy of Scott Redler @RedDogT3$spx futures -5 as World markets take a breather. We’ll see if the Bears have any power. See if 2794 gets reclaimed. Or not!

Sometimes even the greatest investing minds in the world can make mistakes, and yesterday Warren Buffett said that he ‘overpaid for Kraft-Heinz’. While I do not think the loss will make investors lose faith in Berkshire Hathaway, it is a good example of how fast things can change.  

Just think, the #ES sold off down to 2316.75 on December 26, and traded up to 2814.00 yesterday.

During Sunday nights Globex session the S&P 500 futures (ESH19:CME) traded up to of 2808.50, up +17.25 handles, and opened Monday’s regular trading hours at 2807.75. After stutter stepping up to 2811.50 at 8:52 am, the ES sold off down to the vwap at 2805.25, rallied up to a lower high at 2810.75 and then made a lower low at 2804.75 and then shot up to 2814.00, up +23 handles at 10:10 am.

After the high the ES got hit by several small sell programs, pulling the future all the way back down to 2800.25 at 12:41. Once that low was in the ES rallied a few handles up to 2805.00, made a higher low at 2801.50, rallied up to a lower high at 2804.25, then sold back off down to new lows at 2796.75 just after the MiM started to show over $600 million to buy.

The futures short covered up to 2801.25 as the MiM paired back its buys, traded 2798.50 on the 2:45 cash balance reveal, which showed $600 million to buy, then traded 2796.50 on the 3:00 cash close, and settled the day at 2797.00, up +5.75  handles, or +0.20%.

In the end, the ES was firm early in the day, and weak late in the day. In regards to the markets overall tone,, it felt like a sell the news day. In terms of the days overall trade, total volume was 1.19 million futures contracts traded, which would be high for a Monday.


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.

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ES_FLONG
TypeEntryExitTrade %Profit %PointsHeatMap
normal-2110021046860.0371.50chart
normal-1315051542920.0118.75chart
normal-1111311201910.0133.50chart
normal-8095310461000.0124.50chart
normal-5105111491000.0117.00chart
taylorPlus-2111161201860.0370.75chart
taylorPlus-13113312051000.0384.00chart
taylorPlus-11113312041000.0364.00chart
taylorPlus-8100310481000.0240.00chart
taylorPlus-5113212051000.0119.50chart
taylor3-2113281401810.0135.75chart
taylor3-1313201407920.0261.75chart
taylor3-11132914081000.0132.75chart
taylor3-8132914081000.0124.25chart
taylor3-5150515561000.0121.75chart
ES_FSHORT
TypeEntryExitTrade %Profit %PointsHeatMap
normal-2112271257-81-0.01-23.50chart
normal-1310451129-85-0.01-19.75chart
normal-1112011232-82-0.00-10.00chart
normal-812261257-87-0.00-9.50chart
normal-512011237-100-0.01-14.00chart
taylorPlus-2112511325-90-0.03-70.25chart
taylorPlus-1315191555-85-0.02-45.50chart
taylorPlus-1112521325-91-0.01-26.00chart
taylorPlus-812261312-87-0.01-21.75chart
taylorPlus-510361132-100-0.01-23.50chart
taylor3-1314411534-92-0.02-49.00chart
taylor3-1114411534-91-0.01-19.25chart
taylor3-815021537-100-0.01-25.75chart
taylor3-514461537-100-0.00-11.75chart

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