Premarket Insight
It will be interesting to see what the first major earnings from banks do for this week’s extreme volatility. The pulse of the trading community is hoping for things to calm down a bit and return to “normal”. Many traders are frantically searching for bottoms, but wiser traders are warning to just plan and be read to react to what the market brings. We can make whatever assumptions we want, but we will never be able to consistently predict what the market will do at the right time without a ton of luck.
Coming into the premarket, Nasdaq futures climbed above yesterday’s high, up 1.50% as of 07:20 EST. Crude Oil also trading bullish since the open of the futures session. Headlines giving credit of higher prices to oversupply fears. Gold and Euro futures neutral so far.
Volume check showing another premarket of strength across the board with NQZ18, CLX18, and GCZ18 all above 100K of volume.
Nothing significant scheduled on the economic calendar today.
COB Recap
Total Loss $-440
- TST = $100
- AMP = $-540
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Comment below with your opinions and questions.
Rob
Mv3 Trader
“Trade Consciously”
