I find the open still to be relevant. Most of the option liquidity still centers around the pit trading hours and to be perfectly frank with you, the options drive almost all of the activity, not futures. CL for example has one of the deepest and most liquid option markets in the world. Add that all the calendars that get traded as well as the crack and spark spreads and the options on them and you will understand why you need to really focus on the RTH hours. My background is in options and I can tell you right now, the smart money and the big money is trading the options, not the futures. Sure, this stuff trades 24 hours a day on globex but I'm not going to chase Johnny one lot around on the DOM to discern meaningful price action.
BTW, just wanted to make everyone aware that the social media ETF just launched last week. Ticker SOCL.
Nice pop in the Aussie Dollar along with all the other risk assets. Let's see if Crude can hold above par.
for the record Fisher recommended a pair, Mav is he watching this thread? long ccj (cameco who makes uranium out of Canada), and short yen. That's a pair from the horses' mouth!