Midnight rally

Are you watching it all night or do you put in stops??

 

9 times out of 10 U.S. index futures are mimicking the overnight action of the Asian and European markets. You're either naive, kidding or on drugs if you think someone's "manipulating" the next day's opening in YM by throwing out 1 lot highballs.

 

Exactly.
This should be obvious to all ETers.
The Dow prior to the Open mirrors the London market.

 

I was trading I.R. products when the spoos rallied a couple points last night. IMO, I don't think its anything more than some buying/selling that tips off some stops in a thin market. Just my 2 ticks. Trading I.R. products overnight, I usually watch the Bund, but its pretty wild, 10yr follows it some, Eurodollar a bit, but the moves are generally watered down.....except for this week! Good trade overnight.

 

No rally tonight.. SPX futures down 10 handles.

And there wasn't a single "black monday" thread this weekend.

Hmmmmm......

 

I see where you're going.
Interesting...:eek:

 

Who wants to play tonight ?

 

ES was 1247.5 when I posted this.

Right now it is 1255.


LONG LIVE MRC !

 

An' I got one more silver dollar,
An' I ain't gonna let 'em catch me, no:
I ain't gonna let em catch the midnight rider.

 

ES up 10 since midnight.