Futures Day 2 Flashcards
(11 cards)
what time is Globex Session?
4:30PM to 930 AM Eastern Time
Strategyusing globex highs and lows
Globex Bull/Bear Traps
Bull/Bear Trap using Globex High/Lows
6 stocks to watch if trading Dow
IBM, MMM, GS, V, XOM, CVX, UTXUTX: united technology
6 stocks to watch when trading Nasdaq
AMZN, AAPL, GOOG, MSFT, INTC, QCOM
3 hour traderlogicstrategyapplication
gold season
bottom out in mid summerrun up until novemberlow in decemberrun up until mid feb
when will price break above Supply/Demand?
when s/D is absorbed. then price will advance- a weak move away with a lot of time spent, multiple retracements
3 correlations
bond TLT vs stocks SPYEuro index vs Dollar indexDollar index vs Copper
2 things to do for scanning for opportunities
look at nasdaq, dow, sp, and see which market is stong vs weak.can tell by looking at a specific price move and see if the three markets have gone below it, stayed above, etc.if gone below, it is weak, short market.if stayed above, market is strong, buy market.2. look for inverse correlation like dollar index, 10 year treasury. see if those will be approaching S/D zones that are inverse to S/D zones in market and if they are, buy/short