AlgoIndex Blog
Daily institutional reviews and longer-form market research. The same analysis that drives our automated trading strategies.
S&P Futures 7,772.50: Short 7,782 to 7,798 Under 7,826
December S&P futures settled at 7,772.50, down 59.25 as the ten-year closed at 5.11 percent. Levels, the 7,782 to 7,798 short and Thursday's calendar.
Gold Futures Reclaim the 50-Day, Settle 4,376.4
December gold lost its 50-day average intraday, then settled 23.1 points above it at 4,376.4. Levels, the 4,358 to 4,374 long and Wednesday's 09:45 AM ET risk.
S&P Futures 7,831.75: Long 7,812 to 7,832 Under 7,850
December S&P futures settled at 7,831.75 on a 38 point day, 1.50 points above the pivot. Levels, the 7,812 to 7,832 long and Wednesday's calendar.
Crude Settles 90.52 at the 20-Day, Short Under 91.01
November WTI slid 1.85 to 90.52 as diplomacy drained the supply premium, four cents under its 20-day. Levels, the 91.00 short and the 10:30 AM report.
Nasdaq-100 Futures Settle 31,028.50, Stochastic at 98.16
December Nasdaq-100 futures settled at 31,028.50, 90.6 percent up a 395.50 point range. Levels, the 30,850 to 30,950 long and Wednesday's flash survey.
Gold Settles 4,383.9 Inside a 60.2 Dollar Corridor
December gold settled 4,383.9, 4.9 beneath its pivot, inside a 60.2 dollar moving-average corridor. Levels, the 4,405 to 4,418 short and a 15.43 trend read.
S&P Futures 7,833.50: Long the Pullback to the 7,798 Pivot
December S&P futures settled at 7,833.50, 89.7 percent up the day's range and 0.91 percent under the annual high. Levels, the 7,770 to 7,800 long and Tuesday.
Crude Settles 92.37, Short Into the 93.59 Pivot
November WTI gave up 6.03 dollars to settle 92.37 as diplomacy drained the supply premium. Levels, the 93.30 short and a 3.41 backwardation.
Nasdaq-100 Futures Settle 30,784.75, a Double-Range Day
December Nasdaq-100 futures settled at 30,784.75 after a span twice their 14-day average true range. Levels, the 30,540 to 30,700 long and Tuesday's auction.
Crude Settles 96.08, Under Its Own Pivot at 96.31
November WTI fell 1.18% to 96.08 as de-escalation reports released risk premium. Levels, the 94.30 to 94.90 long and a 4.22 backwardation.
Gold Reclaims the 100-Day and Settles at 4,424.9
December gold opened 18.1 lower, recovered to 4,439.8 and settled at 4,424.9, up 0.57%. Levels, the 4,385 to 4,397 long and a dead-heat trend read.
Nasdaq-100 Futures Clear Every Average, Settle at 29,917.25
December Nasdaq-100 futures settled at 29,917.25, up 0.59%, above every moving average. Levels, the 29,650 to 29,715 long, the call flow and Tuesday's auction.
S&P Futures Sit Flat at 7,712.50 Under a 7,731 Supply Shelf
December S&P futures settled at 7,712.50, up 0.07%, pinned to the SPX 7,650 gamma strike on expiration day. Levels, the 7,731 to 7,743 short and a quiet Monday.
Crude Washes Out to 94.42, Then Buys the Whole Dip Back
November WTI fell 3.41% intraday to 94.42 and settled at 97.23, 83% up its range. Levels, the 95.17 to 96.48 long, the backwardation and Friday's risks.
Gold Gaps Down 2%, Closes Green, Stalls at the 100-Day
December gold opened 86.1 points lower, recovered to 4,423.3 and settled at 4,399.7. Levels, the 4,410 to 4,425 short and the real-yield backdrop for Friday.
Nasdaq-100 Futures Stall 15 Points Under the 100-Day Average
December Nasdaq-100 futures settled at 29,743.00, up 1.66%, just beneath the 100-day average. Levels, the 29,566 to 29,623 long and the quarterly expiration.
S&P 500 Futures Meet a 7,731 Ceiling on Expiration Friday
December S&P 500 futures settled at 7,707.25, up 1.11%, a day after the Fed hike. Levels, the 7,676 to 7,682 long and Friday's record quarterly expiration.
Crude Drops 3.2% as Saudi Pipeline Repairs Speed Up
October WTI settled at 102.43, down 3.21%, as Saudi officials sought a faster pipeline restart. Levels, the 102.40 to 102.95 short and Thursday's risks.
Gold Settled Higher Before the Fed, Then Gave It Back
December gold settled at 4,387.5 before the 2:00 PM ET rate decision, then reopened at 4,301.4. Levels, the 4,420 to 4,442 short and Thursday's calendar.
Nasdaq-100 Futures Hold Flat as the Fed Lifts Rates to 4%
December Nasdaq-100 futures settled at 29,256.75 as technology held flat and the Dow fell 1.21%. Levels, the 29,545 to 29,568 short and Thursday's calendar.
S&P 500 Futures Face 7,690 After the Fed's First Hike
December S&P 500 futures settled at 7,623.00 after the first rate increase in three years. Levels, the 7,690 to 7,698 short and Thursday's calendar.
Crude Oil Futures Take a 52-Week High Into Wednesday's Inventory Test
October WTI settled at 105.83, up 4.38%, just under a 106.75 annual high, before an industry build. Levels, supply drivers and the September 16 setup.
Gold Futures Hold Their 50-Day Average by 0.8 Points Into the Fed
December gold settled at 4,332.8, 0.8 points above its 50-day average, as 5% yields outweighed record diesel. Levels and the setup for the Fed on Sept. 16.
Nasdaq-100 Futures Slip Under Their Averages as Yields Top 5%
December Nasdaq-100 futures settled at 29,246.75, beneath every short and intermediate average, as 10-year yields topped 5%. Levels and the Sept. 16 setup.