Greetings all - quick video around our thoughts on U.S. equity markets over the last few days as we move forward towards the U.S. general election on 3rd November. https://youtu.be/3eavalIoICU
Author: SG Futures
ES DAILY UPDATE – 6th JULY 2020
E-Mini S&P (Sept) Previous Day Commentary - Thursday's trade had all the hallmarks of 'wait & see' given the run-in to a long 4th July weekend with the market very much range bound for the majority of the day. The ES traded in a tight range, and the sentiment was such that playing the edges … Continue reading ES DAILY UPDATE – 6th JULY 2020
NFLX DAILY UPDATE 2ND JULY 2020
NFLX Previous Day Commentary – Interesting day on Thursday with b-shaped profile printed during the cash session. Price explored the $490 handle but was quickly rejected leaving Netflix to close on the lows of the day. $460 remains a good support level for now, so any weakness in this stock should present buy opportunities around this … Continue reading NFLX DAILY UPDATE 2ND JULY 2020
MSFT DAILY UPDATE 2ND JULY 2020
MSFT Previous Day Commentary – Thursday's trade saw a P-Shaped profile which indicates some short liquidation above the $205 handle on this stock. Similar to Google, we've had quite a strong run over the last 10 days, gaining acceptance in the $200 range. In our opinion this stock is undervalued and has some gas in it … Continue reading MSFT DAILY UPDATE 2ND JULY 2020
GOOGL DAILY UPDATE 2ND JULY 2020
GOOGL Previous Day Commentary – GOOGL had an interesting day on Thursday, printing a double distribution with some single prints between $1464-68. This stock has had some very emotional buying over the last week or so leading to very elongated profile shapes as the price drove higher. In the last week along $100 has to been … Continue reading GOOGL DAILY UPDATE 2ND JULY 2020
FB DAILY UPDATE 2ND JULY 2020
FB Previous Day Commentary – Facebook is a funny one currently, we're off the opinion here at SG that this stock is potentially running out of gas. At a macro level, the company has issues around their advertisers which will impact their revenue, as well as continual privacy concerns which appear to dog the platform non-stop. … Continue reading FB DAILY UPDATE 2ND JULY 2020
AMZN DAILY UPDATE 2ND JULY 2020
AMZN Previous Day Commentary – The stock that continues to drive higher! Thursday saw a strange profile shape, gapping up with price exploration higher but closing on lows. It should be considered good value for any trade back down to $2800 range, as this stock appears to want to drive higher. We will look for any … Continue reading AMZN DAILY UPDATE 2ND JULY 2020
AAPL DAILY UPDATE 2ND JULY 2020
AAPL Previous Day Commentary – Apple traded softer on Thursday prior to the long weekend, printing D-Shaped profile which indicates balance & equilibrium between buyers & sellers. Closing on lows around the $364 mark, which is previous resistance, it's expected that we gap higher once the market opens later today. The key levels will be from … Continue reading AAPL DAILY UPDATE 2ND JULY 2020
ES Daily Update – 2nd July 2020
E-Mini S&P (Sept) Previous Day Commentary – We had a nice distribution on the ES yesterday, with some relatively bullish sentiment and some very technical pullbacks in the morning & afternoon. This market is so incredibly technical, in that, if you understand the mechanics of market profile, some great day-trading opportunities present themselves multiple times a … Continue reading ES Daily Update – 2nd July 2020
NVDA DAILY UPDATE 2ND JULY 2020
NVDA Previous Day Commentary – NVidia like other big-cap stocks traded strongly off the open, printing an open drive following the market's positive reaction to ADP employment data. A P-shared profile was printed on the day, indicating some short covering, and value being found higher. Like Google and a couple of others in the mailout today, … Continue reading NVDA DAILY UPDATE 2ND JULY 2020