Premarket Insight

The bulls are back in town to start off the week. Nasdaq Futures up almost 1% coming into the premarket with a nice steady climb since the open of today’s futures session. Analysts are hopeful of this climb will continue. This move has support from the daily 200 SMA.

Also, another important week for Q3 earning season, many major companies will be reporting this week to include Amazon, Ford, AMD, Twitter, Visa and much more. With such a busy week for earnings, sporadic volatility should be expected.

Volume check showing a ton of strength to the start of this week. NQZ18 and CLZ18 both passed the 100K mark with ease early. While GC and 6E are still below 100K of volume, they are not void of volatility. So far, GC is trading bearish while 6E has made about 0.30% moves in both directions, but currently trending bearish. CL showing a similar sideways trend with volatility.

COB Recap

Total Profit $20

• TST = $20
• AMP = $0 (no trades)

For real-time insights follow me on Twitter! @Mv3Trader

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”

Premarket Insight

Expiration Friday is upon us again where we usually see some selloff and “indecision”. Will be interesting how options changeover activity affects to all the events already moving the market. Along with that, more earnings from names such as PayPal, plus home sales on the Economic Outlook. A ton of things on a Friday that could move the market in either direction.

Premarket volume check showing moderate strength with CLZ18 above the 100K of volume mark with 6EZ18 not far behind. NQ bouncing in a big range (7196 to 7136.5) of 60 points. GC, CL, and 6E trading sideways in a much smaller range.

COB Recap

Total Profit $55

• TST = $55
• AMP = $0 (no trades)

For real-time insights follow me on Twitter! @Mv3Trader

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”

Premarket Insight

As indicated by the doji candle from yesterday on the daily chart, trading was nondirectional. While the Fed was busy making plans for the economy, traders were cautious to participate in the market. Also, oil receiving bearish attention as a result to inventory news and geopolitical tension between the U.S. and Iran.

Premarket volume check showing normal activity in the market. CL’s volume has officially migrated to Z contracts. CLZ18 being the only one above the 100K mark as of 07:30. So far, GC and NQ trading sideways. 6E is sideways to bullish, retracing yesterday’s selloff while CL trades bearish with strength.

COB Recap

Total Loss $-85

• TST = $-85
• AMP =$0

For real-time insights follow me on Twitter! @Mv3Trader

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”