Index Futures Net Changes and Settlements:
Foreign Markets, Fair Value and Volume:
- In Asia 5 out of 11 markets closed higher: Shanghai Comp +0.05%, Hang Seng +0.01%, Nikkei -0.14%
- In Europe 11 out of 13 markets are trading higher: CAC +0.45%, DAX +0.31%, FTSE -0.22%
- Fair Value: S&P -0.13, NASDAQ +7.61, Dow -27.89
- Total Volume: 1.88mil ESH & 329 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes MBA Mortgage Applications 7:00 AM ET, Redbook 8:55 AM ET, FHFA House Price Index 9:00 AM ET, and the Richmond Fed Manufacturing Index 10:00 AM ET.
S&P 500 Futures: Buy Bonds / Sell S&P
After grinding lower through Monday’s globex session and into yesterday’s open, the S&P 500 futures printed 2654.25 on Tuesday’s 8:30 CT bell. In the first few minutes the ES traded up to what would be the high of day at 2656.50, and then began to turn lower, making a first hour low of 2641.25. After a 9 handle bounce the bottom began to fall out, as a steady stream of selling controlled the rest of the day, and the ES printed a morning low of 2633.50.
The afternoon saw an early low of 2623.25, then after another 9 handle bounce the ES began to selloff again, dropping down to 2618.00 heading into the final hour. The last hour of the day saw the low of day print at 2616.50, followed by a rally up to 2633.50, and then printed 2635.00 on the 3:00 cash close, before settling the day at 2632.00, down -39.50 handles, or -1.48%.
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.