Excellent point about the full moon. I forgot about that. Let's hope this one has a greater effect than the last one (which only coincided with a minor pullback).
contract rollover days are often very choppy. it took me a long time to figure out that flat is sometimes the best position, and that's my trading plan for Thursday. Flat. I may look at a few stocks, but daytrading futures on rollover adds more unknown elements to the ES jungle to the point where most of the good traders will back off and just watch. btw, there used to be (not sure if they still do it) a crew of cme/cbot floor traders that specialize in trading rollover and the chop.....if memory serves me, they actually stick around for 1-2 weeks from rollover to take advantage of all the chop and make some good $$ catching traders offsides. with the pits thinning out i'm not so sure if they still do it or not though.
Thanks Ivan. How about these options (you can edit them): Your Market Outlook For Next Two Weeks 1. Will Keep Going UP 2. Some Upside Then Down 3. Tight Range 4. Some Downside Then Up 5. No more upside: Going Down Any Day Now Thanks!
Tech stocks rallied today but DOW and S&P stalled. NASDAQ also did not go up as tech stocks did. We have market imbalance. Oils is also up which will put a damp to the market. I see flat or down for the next 3 days combined. I am betting on CSCO 20, ALTR at 17.5, ADI at 25 and TXN at 21 by option expiry date. FXI is also going down.
So far so good! After a "fake" gapup, Qs fell pretty fast and broke yesterday's low. Good sign for the thesis of this thread. Question that is puzzling me: why the open in Qs broke yesterdays' high? An attempt to game to the market higher?
Perhaps these might offer some clues. These are all gains. All Ordinaries 4,016.30 2:47AM ET 82.70 (2.10%) ^SSEC Shanghai Composite 2,816.25 3:00AM ET 28.36 (1.02%) ^HSI Hang Seng 18,785.66 5:59AM ET 727.17 (4.03%) ^BSESN BSE 30 15,466.81 6:28AM ET 339.81 (2.25%) ^JKSE Jakarta Composite 2,108.81 5:00AM ET 15.52 (0.74%) ^KLSE KLSE Composite 1,082.97 5:26AM ET 11.18 (1.04%) ^N225 Nikkei 225 9,991.49 3:00AM ET 204.67 (2.09%) ^NZ50 NZSE 50 2,827.97 1:31AM ET 5.57 (0.20%) ^STI Straits Times 2,391.22 5:10AM ET 41.35 (1.76%) ^KS11 Seoul Composite 1,414.88 5:04AM ET 43.04 (3.14%) ^TWII Taiwan Weighted 6,462.27 1:46AM ET 47.88 (0.75%) ATX 2,204.34 10:40AM ET 71.21 (3.34%) ^BFX BEL-20 2,063.46 10:55AM ET 6.85 (0.33%) ^FCHI CAC 40 3,319.71 10:55AM ET 22.98 (0.70%) ^GDAXI DAX 5,078.78 10:40AM ET 80.92 (1.62%) ^AEX AEX General 267.32 10:55AM ET 4.29 (1.63%) ^OSEAX OSE All Share 357.52 10:40AM ET 8.80 (2.52%) ^SMSI Madrid General 996.53 10:50AM ET 13.12 (1.33%) ^OMXSPI Stockholm General 244.93 10:54AM ET 4.63 (1.93%) ^SSMI Swiss Market 5,439.68 10:40AM ET 51.01 (0.95%) ^FTSE FTSE 100 4,459.36 10:40AM ET 54.57 (1.24%)
What do I think? Buy buy buy. I love these headlines week after week, day after day... Trying to figure it all out.