Trading Volatility Picking Up: Market Forecast

Posted by TopstepTrader on October 26, 2017

Today is a big day for tech stocks - they're even calling it Super Thursday. A ton of Nasdaq ($NQZ7) names report earnings after the bell, including Alphabet (Google's parent company), Amazon, Microsoft and Intel. That represents more than 25% of the index in terms of weighting. So, that's a short way of saying that if you are an $NQ trader, you may want to get out of any positions well ahead of 3 PM CT.

Across other futures contracts, the S&P 500 ($ESZ7) is trading slightly higher, Crude Oil ($CLZ7) is slightly lower, and Gold ($GCZ7) is down $2. The largest move among the contracts that we follow on a daily basis is in the Euro ($6EZ7), with the ECB noting today that it would extend its bond buying program through next year. 

Here are all the levels that matter in what could be a volatile Thursday. But as traders, we love volatility... so let's get this week started.

Subscribe to our blog to have these market insights delivered to your inbox every morning. You can also tune in at 8:15 AM CT on Facebook to watch John's Market Forecast LIVE.

 

< Back to Blog

Topics: Market Updates