Nasdaq mini futures the Nasdaq mini futures consolidated

The Nasdaq mini futures consolidated around 15,275, with intraday ranges narrowing to just 0.6%. Historical volatility readings have dropped to 12%, indicating calmer trading ahead unless new macro shocks emerge. Chipmakers rose on Monday to lead technology stocks higher.  However, weakness in energy producers limited gains in the overall market after the price of WTI crude oil tumbled by more than -3%. The investor appetite for Micro E-minis has surpassed CME Group's expectations. In fact, McCourt notes that it’s the most successful new product launch in CME Group's 180-year history. In May, when Micro E-minis were launched, CME Group saw 310,000 contracts traded per day across all four indexes. Today, it’s transacting close to 600,000 contracts traded per day across those four indexes. “As more sophisticated retail traders become familiar with Micro E-minis, not only here but in Europe and Asia as well, they understand what a useful and capital efficient tool this is to have in their portfolios.” Nasdaq mini futures pushed higher to 15,298, following robust sector rotation from healthcare into technology. Hedge funds appear to be increasing long exposure, evidenced by persistent bid stacking in order books.