Oct 10, 2018 – 3 Steps Back

Premarket Insight

Once again Nasdaq futures testing key support level indicated by the 100 SMA. With yesterday’s inside day candle, key areas to watch will be 7454 (long) and 7290 (short) for a major move opening up a short-term trend. Economic Outlook has PPI insights in at 08:30 today. Also, market analysts are watching Hurricane Michael to introduce some abnormal volatility in oil instruments.

 

Volume check as of 08:00 EST shows normal strength in the premarket with CLX18 above the 100K of volume mark. 6EZ18 and GCZ18 should be crossing the line before the open bell. GC, CL, and 6E trading sideways so far in the premarket.

 

COB Recap

Total Loss $-855

  • TST = $-305
  • AMP = $-550

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Oct 9, 2018 – Making Progress

Premarket Insight

European market continues selloff for the Nasdaq, as well as their currency, for the futures session. NQ has seen a drop of more than 0.60% in the premarket while traders show interest in what Fed speakers have to say throughout the day in terms of inflation trends. However, market watchers are only expecting moderate volatility in the market from Fed talk. Check investing.com for details.

 

Daily volume check showing decent strength in the premarket. As of 08:00 CLX18 and 6EZ18 has surpassed 100K volume market with GCZ18 looking to cross the line soon at 97K. Other than the bearish sentiment for NQ and 6E, GC trading neutral while CL coming into a rest following a bullish run from the open of today’s futures session.

 

COB Recap

Total Profit = $635

Breakdown:

Topstep Combine – $505

AMP Futures (live) – $130

 

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

8 Oct 2018 – Win Loss

Premarket Insight

Happy Monday! No change over the weekend for Nasdaq Futures. After a bit of sideways action (or lack thereof) we see selloff continue in the European market hours before bouncing back to the 5-minute VWAP in the premarket.

 

As for the economic outlook not much scheduled for the week, however this week kicks off the Q3 earnings season. JP Morgan will be the first major company to release earnings Friday. Interested to see what this earnings season brings as Q2 earnings season came with a suppression of volatility.

 

Volume check showing some strength to kick off the week with GCZ18 and CLX18 above 100K by 08:00 EST. CL trading slightly bearish so far while GC already down by 1.09%. Euro futures experiencing a similar selloff as Gold futures.

 

 

COB Recap

Loss in Topstep – $-270

Profit in AMP – $90

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”