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Trump Rally And Rebalance DUMP

By MrTopStep (Danny Riley)Stock MarketsFeb 02, 2018 12:10AM ET
www.investing.com/analysis/trump-rally-and-rebalance-dump-200286246
Trump Rally And Rebalance DUMP
By MrTopStep (Danny Riley)   |  Feb 02, 2018 12:10AM ET
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Index Futures Net Changes and Settlements:

Index Futures
Index Futures

Foreign Markets, Fair Value and Volume:

  • In Asia 5 out of 11 markets closed lower: Shanghai Comp -0.99%, Hang Seng -0.75%, Nikkei +1.68%
  • In Europe 7 out of 12 markets are trading higher: CAC +0.18%, DAX -0.12%, FTSE -0.13%
  • Fair Value: S&P +0.37, NASDAQ +8.19, Dow -28.02
  • Total Volume: 1.8mil ESH & 905 SPH traded in the pit

Today’s Economic and Earnings Calendar:

Jobless Claims, 8:30 a.m.; Productivity and Costs, 8:30 a.m.; PMI Manufacturing Index, 9:45 a.m.; Bloomberg Consumer Comfort Index, 9:45 a.m.; ISM Mfg Index, 10 a.m.; Construction Spending, 10 a.m.; EIA Natural Gas Report, 10:30 a.m.; Fed Balance Sheet, 4:30 p.m.; Money Supply, 4:30 p.m.

Pre-market earnings: DowDuPont, Cigna (NYSE:CI), Eaton Corporation, Quest Diagnostics (NYSE:DGX), Aptiv, AutoNation (NYSE:AN), Alibaba (NYSE:BABA) Group Holding, International Paper, Apollo Global Management, Blackstone (NYSE:BX) Group, ConocoPhillips (NYSE:COP), Lazard, Marathon Petroleum (NYSE:MPC), Altria Group (NYSE:MO), CME Group (NASDAQ:CME), Marsh & McLennan, Hershey, Baxter International (NYSE:BAX), Boston Scientific (NYSE:BSX), Schneider National, Valero Energy (NYSE:VLO), Parker-Hannifin (NYSE:PH), Brunswick, United Parcel Service (NYSE:UPS), Mastercard, Time Warner, USG, Ralph Lauren (NYSE:RL), New York Times.

After-market earnings: Alphabet (NASDAQ:GOOGL), Motorola (NYSE:MSI) Solutions, Amazon.com (NASDAQ:AMZN), Amgen (NASDAQ:AMGN), Edwards Lifesciences (NYSE:EW), Fortune Brands Home & Security, athenahealth, Visa, Mattel (NASDAQ:MAT), Hanesbrands, Deckers Outdoor, McKesson (NYSE:MCK), Apple (NASDAQ:AAPL), Eastman Chemical, Post Holdings.

S&P 500 Futures: End Of Month Rebalance, ‘They Spoofed Everyone’

What A Head Fake
What A Head Fake

The last trading day of January saw the Hong Kong’s Hang Seng up 0.9%, up 9.9% in January, its best month since April 2015. In Europe, the Stoxx Europe 600 was up 0.2% early, and on Globex, the S&P 500 futures made a low at 2822.50, and an early morning high of 2839.00, up 15.75 handles, or up 0.54%, with 275,000 contracts traded.

The ES traded 2832.50 on the 8:30 futures open, then took out the Globex high at 2839.75 before selling off down to 2830.50. The ES then bounced back up to 2837.25, sold back off down to 2832.50, then made a sequence of new lows at 2827.75, 2826.50, 2825.50 and then 2624.75. After that, the ES bounced up to 2832.60, pulled back under the vwap, then rallied up to 2834.50. Next, there were a few failed rally attempts before the ES made a low at 2819.75 around 1:30.

Another round of sell programs pushed the ES down to 2813.00 after a headline by Alan Greenspan said there was a bubble in the stock and bond markets at 2:20. At the same time, the MiM went from $750 million to sell down to $376 million to sell, and the ES rallied 17.75 handles up to 2831.75 at 2:475. The ES pulled back and traded 2825.75 on the 3:00 cash close, and settled at 2829.50, up 6.25 handles, or +0.22%.

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.

Original post

Trump Rally And Rebalance DUMP
 

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Trump Rally And Rebalance DUMP

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