Index Futures Net Changes and Settlements:
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed higher: Shanghai Comp +0.40%, Hang Seng +0.29%, Nikkei +0.20%
- In Europe 12 out of 13 markets are trading higher: CAC +0.07%, DAX +0.41%, FTSE +0.32%
- Fair Value: S&P +3.75, NASDAQ +21.20, Dow -8.12
- Total Volume: 965k ESU & 117 SPU traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes the Empire State Mfg Survey 8:30 AM ET, and John Williams (NYSE:WMB) Speaks at 8:50 AM ET.
S&P 500 Futures: #ES Record Close
Chart courtesy of Scott Redler @RedDogT3 – $spx futures +5 as the trend has been your friend as we head into earnings season.
After failing to take out the Globex high after the 8:30 CT bell, the ESU was held to just a 6 handle range all morning, and well into the afternoon. It was a boring morning with very little action. Volume was low and the news was quiet.
It wasn’t until after 1:30 that the futures finally broke out to the upside, taking out the Globex high, and printing new record highs.
Going into the close, when the MiM reveal came out showing $650 million to buy, the ES was trading at 3015.50. It would eventually top out at 3018.00, and would go on to print 3017.00 on the 3:00 cash close, and 3014.75 on the 3:15 futures close.