Day Note for Nov 02, 2018
2nd November
Market up, volume down - although volume is still decent.
It was more of a grind up yesterday, which I see as a stronger move. Overall, I feel there is a good chance of a shake-out of some sort but I'll go with the flow. I still think it's a bit volatile to follow regular day trader levels but not that yesterdays value low has held overnight. So better watch them anyway.
That's a lot of news going into today. Eyes on 8:30am
First order though - we are set to open with a decent gap up. So look out for any moves down off the open as they may just be the futures/stock rebalancing.
Plan
- Be wary of any initial moves down off the open
- Look for longs off yesterdays high, fades of overnight range, longs above overnight high - let the levels hold, then jump on
Daily Numbers
Range - 2704 / 2707.75 -> 2741.25
Value - 2723.50 -> 2737
Globex - 2722.75 -> 2764.50
Settlement- 2738
Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697
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2nd November
Market up, volume down - although volume is still decent.
It was more of a grind up yesterday, which I see as a stronger move. Overall, I feel there is a good chance of a shake-out of some sort but I'll go with the flow. I still think it's a bit volatile to follow regular day trader levels but not that yesterdays value low has held overnight. So better watch them anyway.
That's a lot of news going into today. Eyes on 8:30am
First order though - we are set to open with a decent gap up. So look out for any moves down off the open as they may just be the futures/stock rebalancing.
Plan
- Be wary of any initial moves down off the open
- Look for longs off yesterdays high, fades of overnight range, longs above overnight high - let the levels hold, then jump on
Daily Numbers
Range - 2704 / 2707.75 -> 2741.25
Value - 2723.50 -> 2737
Globex - 2722.75 -> 2764.50
Settlement- 2738
Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697