Not sure about that but this market seems way overbought and ramped up partly due to end of the quarter window dressing. May likely see a pullback next week. Made some money this AM and then was away for a couple of hours. Sure is slow though, but like FullyArticulate just said, you can always look for something that's moving if you choose. Seems like whenever I get bored and come over here to post, the market moves a bit while I"m gone.
The new electronic grains futures look good enough to day trade. Lots of liquidity, lots of movement. They're worth a look for anyone who's trading futures. Corn, Soy, Wheat Maybe soy meal and oil, but I haven't looked at them yet.
Can you give us an idea about the liquidity and movement in those grain futures ? What exchange are they traded on and what brokers offer access ?
Three wins on es! Total profit before commisions 3 ticks. Have a nice weekend, will go out and have a pizza + coke for my profits.
CBOT is the exchange. I have access to them through IB. The liquidity is great. Spreads are rarely more than 1/4 (a tick) on wheat, and corn is even deeper. Volume today: Wheat: 29K Corn: 85K Soy: 25K Soy Meal: 5.7K Soy Oil: 5.6K That's not bad seeing as how ER only has 92K contracts today.