Index Futures Net Changes and Settlements:
ContractSettlementNet Change+/-%S&P 500 (ESM18:CME)2709.00-22.00-0.81%DowJones (YMM18:CBT)24,660-226-0.91%Nasdaq 100 (NQM18:CME)6890.50-83.50-1.21%Russell 2000 (RTYM:CME)1601.80-2.50-0.15%
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed lower: Shanghai Comp -0.70%, Hang Seng -0.13%, Nikkei -0.44%
- In Europe 8 out of 13 markets are trading lower: CAC +0.06%, DAX +0.35%, FTSE +0.11%
- Fair Value: S&P -0.37, NASDAQ +6.16, Dow -24.31
- Total Volume: 1.51mil ESM & 1,026 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes MBA Mortgage Applications 7:00 AM ET, Housing Starts 8:30 AM ET, Raphael Bostic Speaks 8:30 AM ET, Industrial Production 9:15 AM ET, Atlanta Fed Business Inflation Expectations 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET, and James Bullard Speaks 6:30 PM ET.
Our view is that we probably see some further weakness today. If we cant hold lower prices then a gap close could be on the table.