The Q's had a strong move to the upside yesterday around 2. I was able to place a nice day trade to make some quick cash to take advantage of this move. The 10 call contracts I still hold with a strike of 50 are still very much under water (down over 70%.) The intermediate trend is still pointing down, so I'm not sure how much I can gain back on these contracts.
Pre-market futures are showing that we will be seeing a negative start.
S&P 500 (MAR) -4.00
| Nasdaq (MAR) -6.75 | Dow (MAR) -33
On the economic calendar we have Jobless Claims at 8:30 today so the futures picture may change after the results are announced in about an hour.
The floor pivots for today are as follows:
Update at 9AM: Jobless claims were less than expected, that could give the Fed a reason not to cut rates as much as people want. Helicopter Ben talks at 1 today, so it maybe a volatile ride today. The good news is volatility is a day traders friend.
Futures are now lower
S&P 500 (MAR) -7.25 | Nasdaq (MAR) -12.00 | Dow (MAR) -55
Pre-market futures are showing that we will be seeing a negative start.
S&P 500 (MAR) -4.00
| Nasdaq (MAR) -6.75 | Dow (MAR) -33 On the economic calendar we have Jobless Claims at 8:30 today so the futures picture may change after the results are announced in about an hour.
The floor pivots for today are as follows:
| R2 | R1 | Pivot | S1 | S2 |
| 48.95 | 48.44 | 47.45 | 46.94 | 45.95 |
Update at 9AM: Jobless claims were less than expected, that could give the Fed a reason not to cut rates as much as people want. Helicopter Ben talks at 1 today, so it maybe a volatile ride today. The good news is volatility is a day traders friend.
Futures are now lower
S&P 500 (MAR) -7.25
| Nasdaq (MAR) -12.00 | Dow (MAR) -55
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