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”

Premarket Insight

Another busy day in this busy week of earnings, headlines over-reacting to premarket selling. The daily candle Nasdaq futures from yesterday shows a lot of buying pressure keeping it from dropping lower for the moment. Key area to watch is 6950 that could lead to another big move bearish. As of right now, things still seem bullish. Also, eyes will be on home sales and crude inventory as scheduled on the Economic Outlook.

Premarket volume check showing another day of premarket strength. NQZ18, CLZ18, and 6EZ18 are well beyond the 100K of volume mark. CL starting to turn bullish after trading sideways in the after-hours. In a bit of divergent, GC starting to head bearish, following 6E which started its bearish run in the European market hours. NQ currently retesting the open of today’s futures session.

COB Recap

Total Profit $15

• TST $15
• 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”