Premarket Insight

Nasdaq futures kick off the week with a ton of energy, already up more than 1.25% (more than 100 points) in the premarket. Key to note this is the last week of earning reports for major companies to include tech giants such as Facebook and Apple. Facebook releasing on Tuesday and Apple on Thursday. It’s fair to expect another interesting week of wild volatility and headlines that contributes more confusion than helpful insight.

Premarket volume check showing strength throughout the market beyond the Nasdaq. Before 08:00 EST NQZ18, CLZ18, and 6EZ18 above 100k of volume. GCZ18 close behind with less than 2k away from the 100k mark. Euro forex futures trading sideways, while Gold and Crude Oil trade bearish.

Remember to check the Economic Outlook for major scheduled economic events.

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

COB Recap

Total Loss $-240

• TST = $-240
• 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

The Friday after a wild day of trading, where we saw a nice bull run until Amazon and Google earnings wiped out the entire move on earnings. So far in today’s futures session, NQ continues to trade bearish down more than 1.60%. Analysts hoping GDP news can bring some much-needed support for this volatile market. Check the Economic Outlook for timing of GDP.

Premarket volume check showing a continuation of the strength we’ve seen all week. Everything on my watchlist, NQZ18, CLZ18, GCZ18, and 6EZ18, all above 100k of volume. CL and 6E both similarly have a similar bearish pattern so far. GC trading bullish after some sideways action leading up to the European market session.

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

COB Recap

Total Loss $-395

• TST = $155
• AMP = -$550

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”

Premarket Insight

As I’m getting into today’s premarket research I’m reminded why, as a society, so many of us suffer from anxiety. Headlines do a complete reverse from yesterday’s selloff “warning” by giving bullish sentiment today. These articles are all over the place at the turn of each day. Before I go off into a rant, yes there is bullish activity so far in today’s futures session for the broader markets. However, it’s less than a 50% retrace from yesterday’s selloff. Completely normal price action. We cannot expect the market to drop straight down or shoot straight up without some retracement.

On another note, another day of major earnings that should give the S&P 500 some volatility. Amazon, Twitter, America Airlines and many more are set to release their earnings today. Plus, Economic Calendar showing two significant events at 08:30 and 10:00 EST.

Premarket volume check showing another day of strength with NQZ18, CLZ18 and GCZ18 above the 100K mark. Crude oil futures experiencing a nice bull run that started in the Euro session. Gold and Euro forex futures pretty much trading sideways. As of this writing, 6E seems to be opening up to the long side.

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

COB Recap

Total Profit $440

• TST = $440
• AMP = $0 (no trades) – testing automated trading system

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”