I was perusing margin rates of my key futures markets this early AM, and it jumped out at me that CME had raised the initial margin on the Swiss Franc futures by a substantial amount sometime later in the day - or most likely after the close, not sure exactly when they did it. Went from I believe $3,520 to $4,180. One of my brokers is still showing the former rate, the other one has already revised it. That currency future had way outsized range and volume late this week due to so called flight to safety. This is just one example, perhaps some of you have seen other increases and can post them here? Some traders will be getting some notifications ... makes me think Monday could be even more "interesting" than many of us already suspected!
AMP Futures removed day trading margin for SIFs. I think from $400 to day trade 1 ES, to $17000 to day trade the same. Looks like everyone is fearing a crash next week..
You think this is where Cramer got his information from....he said yesterday there could be a black Monday 1987 type crash...
Agree...do you think he will be right thinking that next week markets crashes just as hard or even harder than it did during the feb march pandemic?
If there is black Mon black Tue black Wed black Thu black Fri next week, you can forget about day trading next week. Why? The internet traffic would be so huge till - the charting software will freeze for many minutes/hours. My Esignal charting software is already struggling (but still manageable) last week. - the trading platform will lag for many minutes/hours unless yours is high end platform - the bid/offer spread will widen to a few meters - smoke comes out from your PC (joke) Among the Asian, European and the US sessions, the US session will be the worst. Some traders might go to the trading arcade and rent a trading desk to trade. Such a problem happen every once in a decade. __________
We could very easily hit the 355 points down (7%) circuit breaker on the ES. Doesn't require much more than Fridays down move. The 13% circuit breaker is bit harder to imagine getting hit, but who knows.
Imagine the scare everyone is feeling and then come Monday it's nothing but a buying spree The market paych for Monday is nothing but a collapse. ....
Also have to keep in mind that some of the most powerful rallies in history come during bear markets and collapses like these. Thats why it gets hard to time such an event. ...could easily see a 5% rally monday and then Tuesday see a 9% drop.