It looks like I got into my long position early again. The futures this morning are currently down and news reports are stating this is caused by poor a loss reported by Fannie Mae. FNM is currently trading down over 9% in pre-market.
The futures are currently at:
S&P 500 (JUN) -7.00
| Nasdaq (JUN) -8.25 | Dow (JUN) -54
The Q's are currently trading down almost half a percent and I may pick up some additional contracts after the market opens. The Q's are currently showing an oversold reading and I still feel we are heading higher from here over the next couple of days.
The futures are currently at:
S&P 500 (JUN) -7.00
| Nasdaq (JUN) -8.25 | Dow (JUN) -54 The Q's are currently trading down almost half a percent and I may pick up some additional contracts after the market opens. The Q's are currently showing an oversold reading and I still feel we are heading higher from here over the next couple of days.
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