For a Clear View On Risk, Check Out the NQ E-mini
As always, whenever there is a market correction, and for whatever reason, the bears take heart, emerging from the undergrowth to call the top of the market once more!
QQQ
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.
Futures Flat Ahead of Fed FOMC Statement
U.S. futures as well as Europe’s markets remain flat this morning ahead the 2:00 pm EDT Federal Open Market Committee (FOMC) policy statement and Chairwoman Janet Yellen’s first news conference will follow at 2:30 pm EDT.
NQ (NASDAQ) index leads the way …. again!
One of the best barometer’s of market sentiment is the NQ (e-mini future for the NASDAQ), and whilst many analysts were forecasting market meltdown the NQ was quietly reversing and clearly signalling a short term reversal. The bears, once again, have been sent smartly back to their caves!
Mid-Day Market Update – Molycorp Pops, Cash Store Financial Services Commodities Crushed
Current market conditions – The Dow Jones (DIA, quote) trading up by 0.22% to 13184.08, S&P 500 (SPY, quote) is trading lower by 0.17% to 1420.47 and the NASDAQ (QQQ, quote) is trading down by 0.41% to 2990.28.
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.
Mid-Day Market Update – SandRidge Energy Soars, Big Lots Drop
Current market conditions – The Dow Jones (DIA, quote) trading up by 0.21% to 13101.07, S&P 500 (SPY, quote) is trading lower by 0.10% to 1421.51 and the NASDAQ (QQQ, quote) is trading down by 0.65% to 2969.88
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.