The bulls are back in town to start off the week. Nasdaq Futures up almost 1% coming into the premarket with a nice steady climb since the open of today’s futures session. Analysts are hopeful of this climb will continue. This move has support from the daily 200 SMA.
Also, another important week for Q3 earning season, many major companies will be reporting this week to include Amazon, Ford, AMD, Twitter, Visa and much more. With such a busy week for earnings, sporadic volatility should be expected.
Volume check showing a ton of strength to the start of this week. NQZ18 and CLZ18 both passed the 100K mark with ease early. While GC and 6E are still below 100K of volume, they are not void of volatility. So far, GC is trading bearish while 6E has made about 0.30% moves in both directions, but currently trending bearish. CL showing a similar sideways trend with volatility.
Total Profit $20
- TST = $20
- AMP = $0 (no trades)
Comment below with your opinions and questions.