Nov 16, 2018 – Early Day

Premarket Insight

Not much stands out this Friday as we close out the week. Headlines only pointing out China trade talks and disappointing earnings news from Nvidia, which could be the cause of early morning selloff for Nasdaq futures. As of 08:00, NQ has traded down more than 0.75%, but still a good distance away from support at the 6760 area. However, we are seeing heavy resistance from the daily 9 EMA.

 

Premarket volume check showing moderate strength with CLF19 above the 100k of volume mark. Today a majority of volume made the swing over to contract month F for Crude Oil. Crude also climbing higher in the premarket, up more than 1.50% before 08:00 EST. While Gold and Euro Fx futures are bullish, both are practically trading sideways.

 

Stay calm, plan the trade, and trade the plan.

 

COB Recap

Total Profit $315 (TST)

 

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Nov 15, 2018 – Battle Hours

Premarket Insight

With the retail sales for Economic Outlook, Walmart (WMT) gets the spotlight for retail earnings today before the open, accompanied by tech stock Nvidia (NVDA) after the close. Nasdaq futures retracing about 50% of yesterday’s selloff, showing strong support at 6760. Look for a retest before the main drop if we break that area bearish on continued selloff. Keeping an opened mind, we could easily trade in either direction from here.

 

Premarket volume check showing moderate strength as volume has shifted from CL. Futures contracts NQZ18 and 6EZ18 above the 100k volume mark before 08:00 EST.   Crude oil, Gold, and Euro Fx futures trading sideways with 6E trading in a wide range of about 160 ticks.

 

Stay calm, plan the trade, and trade the plan.

 

COB Recap

Total profit $120 – all TST.

 

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Nov 14, 2018 – Triple Green

Premarket Insight

Another Fed day with Chair Powell speaking after the closing bell. Additionally, more earnings reports get the spotlight today, such as Macy’s (M) and Cisco (CSCO). So far Nasdaq futures are retracing the selloff that continued through the Asian market hours. Along with Fed news, Economic Outlook has CPI and Crude Oil inventories scheduled for today.

 

Premarket volume check showing moderate strength with CLZ18 well above the 100k of volume mark. CL, GC, and 6E pretty much trading sideways. CL starting to break bullish while Euro Fx slightly trading bearish, showing support in a key zone of 1.12915 and 1.12815.

 

Stay calm, plan the trade, and trade the plan.

 

COB Recap

Finally took some trades. Total profit $100 all in TST.

 

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”