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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.

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Topics: Market Updates

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