40 point premium in YM

Anyone know why there has been a 40 point premium in the dow the past couple days compared to the ES?

ES down 9 YM down 50!?!?

 

Anyone?

 

YM and ES are correlated, not duplicative. YM on any given day will move 4 to 12 YM pts for 1 ES pt. So in your example 5 YM = 1 ES is well within the norm.

Osorico

 

You obviously are clueless if you expect the Dow and S&P to track 1:1 point wise

 

Thanks!!

 

Didn't he trade like 40 contracts of the YM ???

I guess trade first and ask questions later

 

I was looking more at a 10:1 correlation but thanks.

 

You are joking right? This is a windup obviously

 

I've seen such a large variance before ... right before the market fell off the ledge.

The real question is what is the Nazz doing in the mean time.

JJ