ES Futures

Not much to report on the ES futures front, so far they're trading in about  2.5 point range, very tight! NASDAQ futures are nearly a carbon copy of S&P futures.

I'm wondering if the PPT is active, not that you can tell much from this very thin market with no Treasuries or other important markets open, but the tight range thus far is interesting as is the seeming defense of $1.29 in the EUR/USD and so was the close of ES this morning with the first positive divergence of the entire night right before the close, enough to lift the futures over the $1400 level.

Even with the market closed, we might just see something VERY interesting in the a.m., possibly the PPT in action straight from 33 Liberty Street.

Overnight Session in ES begins

It looks like we'll have an overnight session that will end again as it did today at 9:15 a.m. tomorrow morning. I'll send out updates if anything interesting happens.

When the market opens, our UNG long should look great

Not everything is closed for trade today, such as the Natural Gas Futures.

As most of you know, UNG has been a long-term long position we noticed when it was still moving down and no one wanted to touch it, that gave us an edge in getting in at some very cheap prices with most of us at a profit of at least +20-25% and UNG hasn't even started to move like we believe it will.

UNG's long term leading positive divergence, essentially still in stage 1 waiting for stage 2 mark-up.


This morning however, Natural Gas Futures were off to a nice start and remain so this afternoon.

 This leading positive divergence in 3C this morning looked good for Natural Gas futures and shortly after it formed, NG shot up, but that's only part of the story.

Here's NG opening Futures gap up for the start of the new week, about a +12% gain!

Congratulations to UNG longs, patience is really paying in this one.

Closing S&P and NASDAQ E-mini Futures

Here's the 9:15 a.m. EDT closing look at ES and NQ (1 min 3C).

 The first positive divergence in ES since it opened yesterday, price responded to gain +5.75 points from the low, and off -4.25 points from Friday's 4 p.m. mark.

This morning was also the first positive 3C divergence in NQ since Friday's close, NQ is down 17 points from Friday 4 p.m. EDT, it gained 10 points from this morning's lows.

ES Update

Only about 7 minutes left, the ES Futures exchange "may" open at 6 pm tonight, the US markets themselves (NYSE/NASDAQ) "may" be closed tomorrow, we should hear earlier today than yesterday.

ES did show the first positive 3C divergence since it opened last night just this morning, which it has reacted to.

 Friday's close with a negative divergence, in green the European open... cont...

The EU open and at 7:30 a positive divergence with the market heading higher, moving about 6 points away from Friday's 4  pm close.

Just About Everything Shut-ES still open for 20 minutes

Last night the open call out traders of the NYSE were told they'd be shut down today and only algos would trade, then algos were shut down, then the NASDAQ, CME will shut down NYMEX and Futures in stock indices will close at 9:15 a.m. EDT.

Trading may open at 6 p.m. for CME, NYSE may even be closed tomorrow.

Here's ES which is down about 7 points since Friday's close.

Although we've seen 7 points lost overnight, just before ES closes, it has a positive divergence just starting.

I'll be reporting through the day here and there as things develop.

Enjoy your day, if you are in the Tri-State area, be safe.