nq spike

Discussion in 'Trading' started by Atlantic, Jun 18, 2002.

  1. any ideas about the spike in the nq after 4 pm?
     
  2. +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...
     
  3. 3dog

    3dog

    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
     
  4. JPB

    JPB

    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.

    -JPB
     
  5. its kind of twisted since oracle is talking things up while apple, amd, and intc are all talking negative and down after hours.
     
  6. nljones5

    nljones5

    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.
     
  7. news squashed the pop, even orcl is a pt. off its high, wild ride in vrts........
     
  8. spieler

    spieler

    news; news, news... that's it
    ORCL good
    AMD bad
    CIEN bad AAPL bad
     
  9. gerry-
    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.
     
  10. 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.
     
    #10     Jun 18, 2002