Oct 12, 2018 – Hindsight Capital

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

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Oct 10, 2018 – 3 Steps Back

Premarket Insight

Once again Nasdaq futures testing key support level indicated by the 100 SMA. With yesterday’s inside day candle, key areas to watch will be 7454 (long) and 7290 (short) for a major move opening up a short-term trend. Economic Outlook has PPI insights in at 08:30 today. Also, market analysts are watching Hurricane Michael to introduce some abnormal volatility in oil instruments.

 

Volume check as of 08:00 EST shows normal strength in the premarket with CLX18 above the 100K of volume mark. 6EZ18 and GCZ18 should be crossing the line before the open bell. GC, CL, and 6E trading sideways so far in the premarket.

 

COB Recap

Total Loss $-855

  • TST = $-305
  • AMP = $-550

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Oct 4, 2018 – Chop Gains

Premarket Insight

The day following a ton of up-down volatility from indecision yesterday, as we can see from the doji candlestick on the daily chart, today’s futures session starts off slightly bearish for the Nasdaq. Headlines give selloff credit to lower Treasuries on higher yields for selloff in the overall markets. However, with the measuring being Nasdaq, Dow and S&P 500 Futures, as of 07:55 EST the selloff is moderate at best and all aforementioned indices have strong support with big picture trend still bullish to neutral.

 

Taking a look at the watchlist (NQ, CL, GC, 6E), other than the already mentioned bearish NQ, GC and 6E starting to open up bullish while CL continues to trade sideways in a tight 40 tick range. We get a break on the economic calendar today with nothing significant scheduled.

 

Volume check at 07:30 showing moderate strength in the premarket. Just another day, nothing special to see here. So far, 6EZ18 the only futures contract on my watchlist that’s above the 100K volume mark.

 

UPDATE: At of 08:00 EST CL broke intraday support with the potential to start a bearish trend.

 

 

COB Recap

Total Profit = $210

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”