can anyone share some good places to get good NQ daily commentary, technical and fundamental NQ news and insight etc?
This thread already already has a lot of great information. I will be a subscribe and follow. Right now I trade the YM but always looking to learn about other markets/vehicles to trade.
Good points about the "trendyness." I like the NQ cuz it has better liquidity than the YM, but doesn't seem to have as many hedge funds/computer programs working it as does the ES. However, while I respect your views about wanting to know about the companies that make up the index, and therefore knowing what direction the market may be taking, I prefer to remain neutral and just trade what I see. I tend to get into trouble when I have biases like that.
Yes, and following the apple chart normally gives you a good trading indicator for the ndx. However, RIMM was the leader for the /nq this week. Even before earnings. I am switching to the /nq from the russell because 1) Very familiar with the stocks after working in industry for 15 years 2) Interesting to me 3) Russell moving to ICE (I love the /er2) 4) Lower margins allowing for easier scaling 5) Good trend
Paden...great post...exactly...I agree...I believe there are divergences to exploit for the top % weighted holdings of the NDX(NQ)...meaning AAPL, RIMM, GOOG, MSFT etc...say if AAPL is 'over' soaring and NQ is following...usually it means it is 'overbought' and look for a great NQ sell opportunity as AAPL will settle back down...thoughts?observations?
click here for key NASDAQ stats heading into monday: http://online.wsj.com/mdc/public/page/2_3021-tradingdiary.html?mod=topnav_2_3000
click here for simply the best NQ pivot, support, resistance numbers:...on this page hit daily notes and then the NQ contract...great stuff for a NQ trader...click here: www.mypivots.com