European market continues selloff for the Nasdaq, as well as their currency, for the futures session. NQ has seen a drop of more than 0.60% in the premarket while traders show interest in what Fed speakers have to say throughout the day in terms of inflation trends. However, market watchers are only expecting moderate volatility in the market from Fed talk. Check investing.com for details.
Daily volume check showing decent strength in the premarket. As of 08:00 CLX18 and 6EZ18 has surpassed 100K volume market with GCZ18 looking to cross the line soon at 97K. Other than the bearish sentiment for NQ and 6E, GC trading neutral while CL coming into a rest following a bullish run from the open of today’s futures session.
Happy Monday! No change over the weekend for Nasdaq Futures. After a bit of sideways action (or lack thereof) we see selloff continue in the European market hours before bouncing back to the 5-minute VWAP in the premarket.
As for the economic outlook not much scheduled for the week, however this week kicks off the Q3 earnings season. JP Morgan will be the first major company to release earnings Friday. Interested to see what this earnings season brings as Q2 earnings season came with a suppression of volatility.
Volume check showing some strength to kick off the week with GCZ18 and CLX18 above 100K by 08:00 EST. CL trading slightly bearish so far while GC already down by 1.09%. Euro futures experiencing a similar selloff as Gold futures.
After a small retracement of the selloff yesterday, Nasdaq Futures trade slightly bearish in the after-hours. As of 08:00 EST it’s more neutral in the premarket, still receiving some support from the daily 50 SMA. That could change soon with ADP and Unemployment rate coming at 08:30 EST as scheduled on the Economic Calendar.
My premarket volume check showing strength in Nasdaq and Crude Oil, with CLX19 above the 100K volume mark. CL starting to dip bearish but coming into support from yesterday based off the 5-minute chart. Euro futures look pretty much the same as CL and GC trending bullish.
Total Profit = $430
Forgot to mention in the video also paper traded for $750 in Sierra Trade.