Premarket Insight

Things calm down a bit this week as we wind down earning season. However, there is still plenty activity to cause a stir in the markets. More Fed action with crude inventories on Wednesday and retail sales on Thursday. Stay tuned to the Economic Outlook for times. Also, headlines Alibaba may draw in significant attention from traders from their record day of sales.

Premarket volume check shows moderate strength with CLZ18 and 6EZ18 over 100k of volume before 07:00 EST. Crude oil gapped up over the weekend on Saudi news and seeing strong support at 60.56. As of this writing, NQ is retesting its open after retracing the bullish pop in Asian market hours. Looks to be trying to head lower. Key area to watch is Friday’s low of 6989. Euro Fx futures also seeing a bit of selloff while Gold futures trade slightly bearish to neutral.

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

COB Recap

No trades… again. ?

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”

Premarket Insight

Nasdaq futures continue to fall from yesterday’s session. From my research, many technical analysts predicting some additional pullback but still see the market long-term bullish. So far NQ’s pullback has only retraced about half of Wednesday’s bullish run. Results of PPI, as indicated by the Economic Outlook, and Walt Disney earnings get the spotlight for today’s session.

Premarket insight shows moderate strength for a Friday. CLZ18 above the 100k of volume mark with a strong bearish move that started in the Euro session. GC is also trading bearish with a strong drop after 08:00. Euro Fx futures mostly trading sideways to slightly bearish.

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

COB Recap

Total Profit $15 all in TST.

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”

Premarket Insight

After seeing so much strength from the bulls yesterday, today’s premarket selloff doesn’t surprise as pullback makes perfect sense. Nasdaq futures dropped more than 0.72% before 07:00 EST. That’s about a quarter of yesterday’s move. All eyes will be on Fed news today, leading up to the decision at 14:00 EST as noted on the Economic Outlook. We tend to not see a ton of volatility leading up to the release on Fed days.

Premarket volume check showing normal strength with CLZ18 being the only contract above the 100k of volume mark. CL had a nice bullish pop early with a more than 60-tick move before retracing that entire move, now trading back in the range of its open. GC and 6E both similarly trading bearish.

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

COB Recap

Total Loss $270 (all TST)

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”