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”

Premarket Insight

After a relatively calm trading day during yesterday’s voting activities, the broader markets show some energy in today’s futures session in the premarket. Nasdaq futures jump more than 1%, reaching a high of more than a 100-point move before 05:00 EST. The Dow, S&P, and Russell share almost identical price action in the premarket. Also key to note, the Fed begins its FOMC meeting today for a decision release tomorrow afternoon. Economic Outlook has crude inventories scheduled for today.

Premarket volume check showing a ton of strength across the board. NQZ18, GCZ18, CLZ18, and 6EZ18 all well above the 100k of volume mark. Traders must be feeling very positive today as all of the aforementioned futures contracts are trending bullish with strength. GC, CL, and 6E began their run in the European session hours. Could be an interesting day after the opening bell.

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

COB Recap

No trades today. Price action was too choppy during my trade time although I could have taken some trades.

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”