Classic Trap Move On The YM emini Daily Chart
US equity markets continued to wallow again yesterday, as risk on appetite wanes as global tensions continue to weigh on risk asset classes, bringing to a halt the strong bullish moves post Trump.
DJI
NQ E-mini Poised Ahead of FOMC
It was another day of solid gains for equity markets yesterday, with the NQ E-mini leading the way higher, and closing with a wide spread up candle ending the session at 4094, just shy of the psychological 4100 price level which was missed by o.25 of a point!
A day of indecision as the markets pause!
Price action on the major US indices yesterday could best be described in one word, indecision, with all of the Emini futures closing with a doji candle of one variant or another.
Equity markets pause along with the VIX
Whilst the ongoing conflicts in both the Ukraine and Iraq are beginning to impact world markets, yesterday’s price action was less severe than expected. In other words, the price action was more of a pause than a major sell off.
Morning Coffee Break
U.S. markets are coming off a meager up week with the Dow Jones and S&P 500 closes the in the green the last 3 session prior to the weekend. The NASDAQ, however, is having difficulties with its largest component Apple (AAPL, quote) continues to struggle.
Morning Coffee Break
Welcomes to today’s Morning Coffee Break – U.S. markets are coming of the largest single day gains since early September. Depending on which analysts have the airways the move was due to an extreme oversold condition while others point to the growing confidence in a deal to avoid the fiscal cliff.
Morning Coffee Break
Welcome to today’s Morning Coffee Break – U.S. markets are coming off a beaten up week with last week Friday the only trading session to see all 3 index in the green. The Dow Jones Industrial Average loss more than 1,000 points last week with 5 out 6 days to the downside.
Morning Coffee Break
Welcome to today’s Morning Coffee Break – U.S. markets are getting ready for the final session of a losing week. Markets suffered on increasing focus and concern over the looming fiscal cliff. Opinions surrounding the fiscal cliff differ from one extreme to the other.
Morning Coffee Break
Welcome to today’s Morning Coffee Break – Well it is November 15 the midpoint of the month and the results from the U.S. markets downright a mess you can even say they outright ugly.
Morning Coffee Break
Welcome to Monday’s Morning Coffee Break – U.S. futures are suggesting a positive open this morning after Friday’s sharpest one day drop in nearly four months. Market participants will be starting the week off with no economic data releases putting the focus on earnings and U.S. politics. Headlines in the Euro Zone will have a stronger impact on U.S. markets as well.