King Report: Overnight stock futures have been manipulated upward for years


By Bill King
The King Report
M. Ramsey King Securities, Burr Ridge, Illinois
Wednesday, March 20, 2019

Once again someone juiced E-Mini S&P Index futures (ESMs) during early European trading Tuesday. The manipulation of ESMs during the wee hours in the U.S. creates the psychology that induces other traders, particularly the momentum investors, to get long for the coming session.

There is a long pattern going back to the 1990s of overnight manipulation of S&P 500 futures to arrest negative sentiment and create a cycle of equity buying that spreads from Europe to the U.S.

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The overnight manipulation became so blatant that saner angels would check to see which firms were "fooling" around with the S&P futures on Globex during off-session trading. Manipulators then pressured the powers that be not to disclose the identity of the firms that were trading the futures. The secrecy continues to this day.

The ESM manipulation commenced during the second hour of European trading. ESMs rallied 11 handles within two hours. But that was the top. From 6:53 a.m. ET until the European close, ESMs gyrated wildly with a downward bias until someone juiced ESMs for the European close. ...

It is crystal clear that someone, probably from Team Mnuchin, keeps leaking positive U.S.-China trade stories to The Wall Street Journal. It is evident that the leaks are intended to boost stock prices. Qui bono? ...

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