As of 07:45 EST Nasdaq is still bouncing around in the inside day candle of yesterday. We are still watching for a break in any direction for the next short-term trend. Looking at indicators, support for this bounce is being held up by the 5-minute VWAP.
On another note, market will be watching job report to be released at 10:00 EST as indicated on the Economic Outlook calendar. That plus more major earnings today from Netflix, Goldman Sachs, Johnson & Johnson, plus more. Should be another day of wild volatile action.
Premarket volume check showing moderate strength with CLEX over the 100K market, with NQZ18 and GCZ18 close behind. GC and 6E trading sideways. CL got off to a strong bearish start in the European hours. As I’m writing this, NQ has made a choppy new HOD.
Total Profit $310
- TST = $310
- AMP = $0 (no trades)
Comment below with your opinions and questions.