Essential Guides
Start here. These in-depth guides explain the institutional concepts behind every Market Outlook: gamma exposure, dealer positioning, market internals, and key S&P 500 price zones.
Market Outlook
Institutional ES futures and SPY options research, gamma levels, and key zones for trading the S&P 500.
Crude Oil 95.09: Long From 94.05 to 94.35 Before Inventories
November crude settled at 95.09, its fifth higher settle in a row, after a 93.97 to 96.06 session. Thursday's long sits at 94.05 to 94.35.
Gold Futures 4,107.9: Short 4,145 to 4,155 Before PPI
December gold settled at 4,107.9, down 1.66 percent, after a 4,193.5 high 6.5 under Wednesday's band. Levels and the 4,145 to 4,155 short for Thursday.
Nasdaq Futures 30,182.75: Third Lower Settle, Short at Pivot
December Nasdaq-100 futures settled at 30,182.75, down 608.75 points, for a third lower settle. Levels, the 30,380 to 30,440 short and PPI.
S&P Futures 7,770.25: Short 7,797 to 7,803 Before PPI
December S&P futures settled at 7,770.25, down 85.50, after a 138.75 point outside day. Levels, the 7,797 to 7,803 short and Thursday's producer prices.
Crude Oil 94.14: Long From 93.60 to 93.90 Into the CPI Print
November crude settled at 94.14, its fourth higher settle in a row, after a 91.70 to 95.11 session. Wednesday's long sits at 93.60 to 93.90.
Gold Futures 4,177.3: Short 4,200 to 4,210 Before CPI
December gold settled at 4,177.3, down 0.32 percent, after a 4,224.8 high 1.2 under Tuesday's band. Levels and the 4,200 to 4,210 short for Wednesday.
Nasdaq Futures 30,791.50: Lower Low, Short Into Pivot R1
December Nasdaq-100 futures settled at 30,791.50 after a lower high and a lower low, down 106.75 points. Levels, the 30,920 to 30,980 short and CPI.
S&P Futures 7,855.75: Long 7,836 to 7,842 Before CPI
December S&P futures settled at 7,855.75, down 2.25, in a 29.50 point range. Levels, the 7,836 to 7,842 long and the September CPI on Wednesday.
Crude Oil 93.74: Long From 92.50 to 92.80 After Outside Day
November crude settled at 93.74 after an 89.61 to 94.36 outside day that spanned Monday's stop and targets. Tuesday's long sits at 92.50 to 92.80.
Gold Futures 4,190.6: Short 4,226 to 4,236 at Pivot R1
December gold settled at 4,190.6, down 0.61 percent, after a 4,242.3 high 3.7 under Monday's band. Levels and the 4,226 to 4,236 short for Tuesday.
Nasdaq Futures 30,898.25: Outside Day, Short Near the Pivot
December Nasdaq-100 futures settled at 30,898.25 after an outside day, down 210.50 points. Levels, the 31,000 to 31,060 short and the week's CPI.
S&P Futures 7,858: Long 7,836 to 7,842 Around Pivot S1
December S&P futures settled at 7,858.00, down 1.75, in a 40.75 point range. Levels, the 7,836 to 7,842 long and bank results ahead of CPI.
Crude Oil 91.85: Long Needs a Reclaim of Pivot S1 at 90.52
November crude settled at 91.85, then hit 89.63 Sunday night, under the 89.65 stop. The 90.50 to 90.80 long now needs a reclaim of 90.52.
Gold Futures 4,216.3: Short 4,246 to 4,256 at Pivot R1
December gold settled at 4,216.3, up 1.43 percent, and traded near 4,228.6 Sunday night, 17.4 under the band. Levels and the 4,246 to 4,256 short.
Nasdaq Futures 31,108.75: Inside Day, Long Near Pivot S1
December Nasdaq-100 futures settled at 31,108.75 on an inside day and traded near 31,186.25 Sunday night. Levels, the 30,950 to 31,010 long.
S&P Futures 7,859.75: Long 7,828 to 7,836 Near Pivot S1
December S&P futures settled at 7,859.75, up 43.50, and traded near 7,881.00 Sunday night. Levels, the 7,828 to 7,836 long and a CPI week.
Crude Gains 3.21 to 91.49, Long From 90.15 to 90.45
November WTI settled up 3.21 at 91.49, at 61.4 percent of an 88.77 to 93.20 range. Levels, the 90.15 long and the Iran headlines.
Gold Futures Settle at 4,157.0 on an Inside Day
December gold settled at 4,157.0 on an inside day, up 0.39 percent, as yields eased. Levels, the 4,184 to 4,194 short and Friday's calendar.
Nasdaq-100 Futures Fall to 30,969.50 as Chip Shares Slide
December Nasdaq-100 futures fell 432.75 points to 30,969.50 as chip shares slid. Levels, the 31,180 to 31,240 short and Friday's survey.
S&P Futures 7,816.25: Short 7,846 to 7,854 Below Pivot R1
December S&P futures settled at 7,816.25, down 36.50, a second lower settle. Levels, the 7,846 to 7,854 short and the inflation-survey test.
Crude Slips to 88.28 After a 90.98 High, Short From 90.00
November WTI settled down 1.16 at 88.28 after a 90.98 high, at 10.6 percent of a 3.02 point range. Levels, the 90.00 short and the Hormuz headlines.
Gold Futures Settle at 4,140.7, Lowest Since August 3
December gold settled at 4,140.7 after a 4,091.2 low, its lowest print since August 3. Levels, the 4,186 to 4,196 short and Thursday's bond auction.
Nasdaq-100 Futures End a Six-Day Run at 31,402.25
December Nasdaq-100 futures settled at 31,402.25 as the ten-year yield touched 5.36 percent. Levels, the 31,180 to 31,220 long and Thursday's auction.
S&P Futures 7,852.75: Long 7,815 to 7,823 at Pivot S1
December S&P futures settled at 7,852.75, down 21.25, ending four higher settles. Levels, the 7,815 to 7,823 long and the bond auction test.