Index Futures Net Changes and Settlements:
|S&P 500 (ESH19:CME)||2471.00||+129.25||+5.51%|
|Nasdaq 100 (NQH19:CME)||6285.50||+393.50||+6.67%|
|Russell 2000 (RTYH19:CME)||1331.10||+66.90||+5.29%|
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed higher: Shanghai Comp -0.61%, Hang Seng -0.67%, Nikkei +3.88%
- In Europe 12 out of 13 markets are trading lower: CAC -0.22%, DAX -1.91%, FTSE -1.04%
- Fair Value: S&P +0.96, NASDAQ +16.65, Dow -13.98
- Total Volume: 2.0mil ESH & 298 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes the Weekly Bill Settlement, Jobless Claims 8:30 AM ET, FHFA House Price Index 9:00 AM ET, Consumer Confidence 10:00 AM ET, Farm Prices 3:00 PM ET, Fed Balance Sheet and Money Supply 4:30 PM ET.
S&P 500 Futures: End Of The Quarter Tech Buy Program
Chart courtesy of @Chicagostock – $ES_F Bulls worked through sellers inside the 3D pivot range, to close the market above for the first time since 12/13. Thursday’s 3D pivot range now below the market to provide first range for buyers to defend to sustain turn attempt. Failure sees next support into 2370.
In the world of ‘naughty or nice’, the S&P 500 futures (ESH19:CME) has been pretty darn naughty. The holiday’s are supposed to give traders and investors a respite, but the last four sessions have been anything but…
In the four sessions leading up to Christmas the Dow fell over 1,800 points. After closing down -2.97% Monday, the S&P continued its slide during Christmas eves globex session, where it fell all the way down to 2316.00, down 25 handles.
By 8:40 AM yesterday, the ES had traded all the way up to 2387.25, 70 handles off the low, and up 46 handles on the day. After the high the futures got hit by several small sell programs, pulling the ES down to 2348.25, almost 40 handles off its high. The ES then rallied up to 2366.75, made a lower low at 2345.25 at 9:54, and that’s when the it got hit by a huge buy program.
From 9:54 am CT to 11:14 CT the ES ‘exploded’ up to a new daily high at 2411.00, up nearly 100 handles from the globex low and up 66 handles from 2345.25 pullback.
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 firstname.lastname@example.org.
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.
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.