Did y'all catch that ES opening?

You are clearly in shock.

 

The arrest of the CFO of Huawei seems to be more like the catalyst....i note that the arrest took place on Saturday 1st Dec (but public knowledge only known yesterday) so the dinner and agreement between Trump and Xi on Saturday must have incorporated this news (i'm sure they both knew about it).

 

Is that 1000 Dow or 1000 ES points??

 

Volatility IS good for competent traders... so long as it's not so "fast and extreme" that you can't cope with it.

 

Anyone know the exact circuit-breaker rules at the CME for S&P 500 emini futures ?

 

https://www.cmegroup.com/confluence...roductResources-CMEGlobexCircuitBreakerLevels

 

I also found this to be somewhat useful, but this document is not dated.
Not sure if it is current:
https://www.cmegroup.com/trading/equity-index/faq-us-based-equity-index-price-limits.html
It appears the overnight markets have a 5% limit with a 5 minute trading halt.
Not sure though.

 

https://www.cnbc.com/2018/12/06/the-stock-selloff-started-with-a-mysterious-fall-in-the-futures.html

 

1000 Dow

I nibbled on MIDU at 36.40

Adding In some longs for a small bounce!!!

 

I would buy the ES if he drops 1,000 points.