Discussion in 'Trading' started by Atlantic, Jun 18, 2002.
any ideas about the spike in the nq after 4 pm?
+DJ Oracle Reports Q4 EPS Of $0.14 Excluding Investment Impairment Chg
(MORE) DOW JONES NEWS 06-18-02
04:03 PM- - 04 03 PM EDT 06-18-02
that's my guess anyway...
Also resting buy stops over the day's high at 1169.
Thin after hours market + news + resting buy stops + "BUY AT THE MARKET!" = price spike
I see 2 contracts traded at 1215 and 40 or 50 at 1210. On the squawk box they were arguing over the closing prices and I heard someone say they had a high in the mini's of 1192. What did your data show for a high? Do they ever break e-mini trades?
That 50 point spike at 4:09 is the most I've seen since I started trading the NQ (a few months). Sure makes you realize a stop isn't necessarily your risk exposure.
its kind of twisted since oracle is talking things up while apple, amd, and intc are all talking negative and down after hours.
E-mini trading is really a game of chance. Globex not available at times (luckily no serious damage but I couldn't exit when I wanted to), and then that huge spike just after I sold my last short. Casinos are starting to look conservative compared to e-mini trading.
news squashed the pop, even orcl is a pt. off its high, wild ride in vrts........
news; news, news... that's it
CIEN bad AAPL bad
don't take offense to this....but was a big move in the nq after market really a surprise to you? If it was , i don't understand how you can trade without knowing when the top tech stocks are reporting earnings.
it's a good idea to be aware of all upcoming earnings reports as well as economic # release dates and times.
what's wierd about that spike is it occured prior to the orcl news crossing the dow jones wire..and that was a big spike.
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