Morning Es Trading
Thursday's Market Review
It's imperative that Thursday's market review begin with a discussion of Apple (AAPL), and how I believe it was solely responsible for the auction's opening short-squeeze that drove prices from (roughly) 1487.50 to almost 1500. Traders entered the session to find the Nq trading significantly lower (logical given AAPL's huge influence on the contract), but the Es, Ym and Tf were simply bouncing around either side of the flat line by a very marginal amount. The bottom line is that traders expected the weaker Nq contract to pull the others materially lower once the 9:30 a.m. EST opening bell was rung. Clearly, this was not the case....606 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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