Premarket Insight

• Cyber Monday – watching retail stocks for how traders react
• Volume strength – Moderate
  • Above 100k volume – CLF19

Bulls everywhere in the premarket for my watchlist (NQ, CL, GC, 6E). Price action pretty much hanging out, resting coming into the open bell.

See video below for my technical analysis of the overall market action and news.

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

COB Recap

Total profit/loss = $-315

• Market way too choppy in the morning session.
• Finished trading before 10:30 EST.
• Took two losses with no wins.

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”

Premarket Insight

Last full trading day of the week and a busy one as expected. With QQQ and SPY gaps to fill, traders are expecting some rebound to take us into the holiday. Looking at Nasdaq futures, currently up more than 1.45% and climbing, looks like its ETF equivalent will gap up into the open. Of course, we know we must ALWAYS be prepared for anything. Also, Economic Outlook showing a full schedule through lunch and a couple more earnings to report but nothing that should make a major impact on the broader markets.

Premarket volume check showing a ton of strength with NQZ18, CLF19, and 6EZ18 well above 100k of volume early. All four contracts on my primary watchlist (NQ, CL, GC, 6E) trading bullish. Minor exception is CL can be seen as slightly neutral but is definitely climbing, support by the VWAP on the 5-minute chart.

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

COB Recap

Profit $10. Hard boring day for me to trade.

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”

Premarket Insight

Indices continue to fall into today’s futures session coming into the premarket hours.  Nasdaq futures currently down more than 1.20 %. Plus, third-quarter earnings season begins to draw to a close with some of the last key retail names reporting before the open and after the close. This list includes Target ($TGT), Best Buy ($BBY) and Lowe’s ($LOW). Economic Outlook showing building permits before the open.

Premarket insight showing a pretty strong premarket with NQZ18 and CLF19 above the 100k volume mark. GCZ18 is not far behind with more than 90k of volume. Euro Fx futures traded sideways until dropping hard around 03:00 EST. Gold futures bouncing bullish to neutral. Inversely, CL trading bearish to neutral, after a rejection from its open about an hour ago.

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

COB Recap

Broke the little winning streak. Total Loss $-60

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”