I have Multicharts and TOS but you can get free 10-min delayed quotes here: http://www.cme.com/trading/dta/del/globex.html News, Markets, and Bloomberg online TV here: http://www.bloomberg.com/index.html?Intro=intro3 World markets here: http://www.bloomberg.com/markets/stocks/wei_region3.html
Has CME ever halted trading or enforced Limits/ Price banding for ES? Successive 10%, 20%, and 30% price limits based on the average daily close of the cash index in the last month of the preceding quarter. Price limits are effective only for limit moves below the previous day's close. June 2008 Average daily close: 1341 10%=134 Fridays Settlement : 1252 Monday 10% Price Limit: 1118
relax...very unlikely the ES goes -40.00...relax...probably buyers step in tomorrow and only closes down -5 or maybe eve up +6 etc...relax...the bad news is priced in right now..
We will see a down open tomorrow, but it will certainly be marked as a new low and beginning to short term bull run as the VIX spikes at open then trades lower throughout day and since IB Did this : IMPORTANT NOTICE regarding Intraday Margin In light of the market volatility and the continuing turmoil in financial services stocks, IB will eliminate intraday margin reductions. Commencing at 10:30 P.M. EST today, contracts which utilize value-at-risk margin models such as SPAN, Eurex, or TIMS in the commodity sub-account. Traders may consult the account window in the Trader Work Station to see what the overnight margin will be. We expect that intraday margin reductions will remain suspended for subsequent trading sessions and we will make further announcements as market conditions develop. Regardless of the likelihood of large, rapid changes in market conditions, we recommend that traders examine their portfolios to consider their exposure under extreme-move scenarios. Interactive Brokers Risk Management
umm... who cares. markets are stupid and irrational. Especially this one. It could go up. It could go down. Trade what you see. However in the long run, the US economy is at the beginning of systemic contraction. The personal credit debt bubble hasn't even began to deflate.
deflate , as in fla·tus \ˈflā-təs\ Function: noun Etymology: Latin, act of blowing, act of breaking wind Date: 1651 : gas generated in the stomach or bowels