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S&P 500 Micro Dec '24 (ETZ24)

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S&P 500 Micro Futures Market News and Commentary

Tech Stocks Close Lower on Weakness in Apple and Chip Stocks

The S&P 500 Index ($SPX) (SPY) Monday closed up by +0.13%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.47%.

Stocks on Monday settled mixed, with the Dow Jones Industrials posting a new record high.  Apple fell more than -2% Monday to pressure the overall market on signs of weak demand for the new iPhone.  Also, the weakness in chip makers on Monday weighed on the broader market.  However, Intel rose more than +6% Monday to lift the Dow Jones Industrials after the chipmaker officially qualified for as much as $3.5 billion in federal grants to make semiconductors for the Pentagon.

Monday’s US economic news was hawkish for Fed policy after the Sep Empire manufacturing survey general business conditions index rose +16.2 to a 2-1/3 year high of 11.5, stronger than expectations of -4.0.

Corporate news on Monday was mixed for stocks.  On the negative side, Apple closed down more than -2% after... Read more

Contract Specifications

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Contract
E-Micro S&P 500 Index
Contract Size
$5 times Index
Tick Size
0.25 points ($1.25 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 3:00p.m.) CST
Exchange
CME
Point Value
$5
Margin/Maintenance
$1,518/1,380
First Notice Date
12/20/24 (95 days)
Expiration Date
12/20/24 (95 days)

Seasonal Chart

S&P 500 Micro Dec '24
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Sep 10, 2024

View Chart Details
Commercials - Long / Short
36,841 (+7,415)
2,983 (-3,390)
Non-Commercials - Long / Short
27,548 (-2,464)
86,604 (-3,425)
Dealers / Intermediary - Long / Short
3,703 (-839)
0 (unch)
Asset / Manager - Long / Short
26,554 (+4,172)
418 (-20)
Leveraged Funds - Long / Short
33,032 (+1,680)
59,687 (-7,788)
Other Reportables - Long / Short
0 (unch)
28,382 (+1,055)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
5,451.00 +4.44%
on 09/06/24
5,731.50 -0.67%
on 09/03/24
+55.25 (+0.98%)
since 08/16/24
3-Month
5,168.75 +10.15%
on 08/05/24
5,785.00 -1.59%
on 07/16/24
+86.00 (+1.53%)
since 06/17/24
52-Week
4,310.50 +32.08%
on 10/27/23
5,785.00 -1.59%
on 07/16/24
+1,001.25 (+21.34%)
since 09/15/23

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Markets Mixed Ahead of Latest Fed Meeting

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Tech Stocks Close Lower on Weakness in Apple and Chip Stocks

The S&P 500 Index ($SPX ) (SPY ) Monday closed up by +0.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.47%. Stocks...

$SPX : 5,633.09 (+0.13%)
SPY : 562.84 (+0.15%)
$DOWI : 41,622.08 (+0.55%)
DIA : 417.38 (+0.59%)
$IUXX : 19,423.06 (-0.47%)
QQQ : 473.24 (-0.44%)
ZNZ24 : 115-180 (unch)
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Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 5,745.08
2nd Resistance Point 5,723.92
1st Resistance Point 5,711.58
Last Price 5,694.25
1st Support Level 5,678.08
2nd Support Level 5,656.92
3rd Support Level 5,644.58

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52-Week High 5,785.00
Last Price 5,694.25
Fibonacci 61.8% 5,221.74
Fibonacci 50% 5,047.75
Fibonacci 38.2% 4,873.76
52-Week Low 4,310.50

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