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double top, text book target 2571.25 to 2566, not sure whether bears can make it...
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FUTURES
The ICE Exchange launched their FANG (plus) index futures contracts yesterday morning.
NYFANG
I think the futures symbol is: FNG
Futures traders please report in
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
For anybody who has forgotten what a lack of liquidity looks like when selling hits sounds like the tech indexes would be worth a look. But wait until the dip has been thoroughly bought first.
Trades with cats wrote:NYFANG gets a chart from google.
FNG is an ETF.
For anybody who has forgotten what a lack of liquidity looks like when selling hits sounds like the tech indexes would be worth a look. But wait until the dip has been thoroughly bought first.
thanks boss
ELSEWHERE:
traders await tax-cut legislation from the House Ways and Means Committee (and The Senate will also release its own version).
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
from now on until decisive new low, any sharp rebound then the low was in. key time.
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Small Caps have put in a lower low and a lower high to yesterday.
I think they 'look' stronger because they get very little overnight action. The ES had around 400% of normal overnight volume and sold off hard.
Trying to say the smalls are not immune to the sell off, just ignored by Asian and Europe based traders.
Junk is voting “Risk-Off” meaning the risk of default is increasing … especially hurtful for smalls, who are loaded with junk
A no-bullshit-tax-cut for small corporations would change all that
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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