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S&P 500 Materials Mar '21 (JAH21)

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S&P 500 Materials Futures Market News and Commentary

Stocks Give Up Early Gains and are Now in the Red

The S&P 500 Index ($SPX) (SPY) is down -0.24%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.42%. 

US stock indexes are moderately lower.  Earlier this morning, better-than-expected US economic reports showed economic strength, bolstering the prospects for a soft landing, which pushed the market higher.  Also, today's better-than-expected quarterly earnings from Elevance Health and DR Horton boosted health insurance stocks and homebuilders, respectively. 

However, since then indexes have been pulled lower from weakness in chip stocks.  Stocks are also being undercut by rising T-note yields and hawkish comments from NY Fed President Williams. 

Geopolitical risks in the Middle East continue to be a negative factor for stocks on concern Israel will retaliate after Iran fired a barrage of missiles and drones into Israel this past weekend.

US weekly initial unemployment claims were unchanged at 212,... Read more

Contract Specifications

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Contract
S&P 500 Materials Sector Index
Contract Size
$100 times Index
Tick Size
0.10 points ($10.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 3:00p.m.) CST
Exchange
CME
Point Value
$100
Expiration Date
03/19/21 (expired)

Seasonal Chart

S&P 500 Materials Mar '21
Average Price Chart for 5 Prior Mar Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
762.40 +8.03%
on 03/04/21
837.90 -1.70%
on 03/18/21
+32.75 (+4.14%)
since 02/19/21
3-Month
739.70 +11.35%
on 01/27/21
837.90 -1.70%
on 03/18/21
+63.95 (+8.42%)
since 12/18/20
52-Week
409.10 +101.33%
on 03/23/20
837.90 -1.70%
on 03/18/21
+378.95 (+85.21%)
since 03/19/20

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Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Strong Signal Strength.

Key Turning Points

3rd Resistance Point 823.65
2nd Resistance Point 823.65
1st Resistance Point 823.65
Last Price 823.65s
1st Support Level 823.65
2nd Support Level 823.65
3rd Support Level 823.65

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52-Week High 837.90
Last Price 823.65s
Fibonacci 61.8% 674.10
Fibonacci 50% 623.50
Fibonacci 38.2% 572.90
52-Week Low 409.10

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