Jun 132019

It’s ES rollover day, volume should shift to the September contract by mid-morning tomorrow.

Trade war tensions remain between the US and China as doubts grow as to whether Trump can close a deal with Xi Jinping at the June 28-29 G-20 summit.  Trump has threatened additional tariffs on Chinese imports if a deal is not struck this month, a task 11 previous US meetings with the Chinese has not been able to produce.

Oil prices are up after the US Navy has responded to two separate oil tanker distress signals in the Gulf of Oman.  It’s unclear what happened or who is responsible.

Retailers Luluemon (LULU) and Restoration Hardware (RH) are both up strong pre-market on beating estimates and raising forecasts.  Broadcom (AVGO) and Duluth Holdings (DLTH) are on deck for earnings.

The economic calendar is light with Import Prices and Claims @ 8:30am EST.  Volatility ticked down yesterday and Globex has already covered most of the projected daily range, this volatility to the upside will most likely be constrained.  No Size bias this morning as Size volume overnight was mixed.


ES June 2019 Contract ES Worksheet



ES September 2019 Contract ES Worksheet


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