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S&P 500 Cons Staples Sep '14 (BLU14)

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S&P 500 Cons Staples Futures Market News and Commentary

Stocks Settle Mixed as Indexes Consolidate Below Record Highs

The S&P 500 Index ($SPX) (SPY) Friday closed up +0.12%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.06%. 

US stock indexes settled mixed on Friday as they consolidated just below this week’s all-time highs.  Stocks garnered some support Friday on dovish comments made Thursday evening from Atlanta Fed President Bostic, who said if the outlook unfolds as he expects, referring to slowly moderating inflation and continued economic momentum, "then it could be appropriate for us to reduce rates toward the end of the year."

Higher T-note yields on Friday weighed on chip stocks and kept the Nasdaq 100 in negative territory.  Hawkish comments from Fed Governor Bowman pushed T-note yields higher when she said, "With average core CPI this year through April running at an annualized rate of 4.3%, well above average inflation in the second half of last year, I expect inflation to remain elevated for some time."... Read more

Contract Specifications

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Contract
S&P 500 Consumer Staples 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
09/19/14 (expired)

Seasonal Chart

S&P 500 Cons Staples Sep '14
Average Price Chart for 5 Prior Sep Contracts
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Price Performance

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Period Period Low Period High Performance
1-Month
447.10 +2.45%
on 08/20/14
458.04 unch
on 09/19/14
+9.74 (+2.17%)
since 08/19/14
3-Month
430.00 +6.52%
on 08/06/14
458.04 unch
on 09/19/14
+4.94 (+1.09%)
since 06/19/14

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Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 458.04
1st Resistance Point 458.04
Last Price 458.04s
1st Support Level 458.04
2nd Support Level 458.04
3rd Support Level N/A

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52-Week High 458.04
Last Price 458.04s
Fibonacci 61.8% 443.74
Fibonacci 50% 439.32
Fibonacci 38.2% 434.90
52-Week Low 420.60

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