Oct 17, 2018 – Fed Up

Premarket Insight

Busy day ahead of us as Economic Outlook shows building permits, crude inventories and FOMC on the calendar. Plus with Netflix’s strong reaction to earnings, should be another day of interesting price action in the market. Keep in mind, typical morning session before Fed news in the afternoon tends to be low on volatility.

 

Premarket volume check at 07:30 EST showing moderate strength. CLX18 and GCZ18 about 4K away from crossing 100K of volume mark while 6E is not far behind.

 

So far, CL and GC started off the futures sessions in a bearish mood but GC has retraced its drop completely, currently up +0.17%. NQ pretty much trading sideways in a range and rejected at yesterday’s high. Coming into the premarket, 6E slowly grinding bearish.

 

COB Recap

Total Profit $125

  • TST = $200
  • AMP =$-75

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Oct 16, 2018 – Inside Out

Premarket Insight

As of 07:45 EST Nasdaq is still bouncing around in the inside day candle of yesterday. We are still watching for a break in any direction for the next short-term trend. Looking at indicators, support for this bounce is being held up by the 5-minute VWAP.

 

On another note, market will be watching job report to be released at 10:00 EST as indicated on the Economic Outlook calendar. That plus more major earnings today from Netflix, Goldman Sachs, Johnson & Johnson, plus more. Should be another day of wild volatile action.

 

Premarket volume check showing moderate strength with CLEX over the 100K market, with NQZ18 and GCZ18 close behind. GC and 6E trading sideways. CL got off to a strong bearish start in the European hours. As I’m writing this, NQ has made a choppy new HOD.

 

COB Recap

Total Profit $310

  • TST = $310
  • 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”

 

Oct 15, 2018 – Can’t Get Right

Premarket Insight

Economic Outlook, plus continuation of earnings, shows a busy week ahead. Bank of America (NYSE: BAC) kicking this week off for earnings, releasing their report in the premarket. Also, Sears (NASDAQ: SHLD) filing for bankruptcy should draw some attention of many traders and investors today.

 

We’re still seeing strong volatility in the overall market, with Nasdaq and S&P 500 futures both having more than a 0.80% drop since the open of today’s futures session. However, both have retraced that bearish start, almost returning to their open as of 07:50 EST.

 

Premarket volume check showing a strong start to the week with CLX18 and GCZ18 both surpassing the 100K volume mark. NQZ18 only 3K away from the 100K volume mark in a strong short-term bull run. Looking at a daily chart, Crude Oil (CLX18) in a key location that could technically bounce in the 70.80 area. So far CL and 6E trading sideways while GC is trending bullish.

 

COB Recap

Total Loss $750

  • TST = $450
  • AMP = $300

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”