Following yesterday’s sharp drop, each the Dow and S&P 500 continued to tumble right now whereas Nasdaq futures rose practically a full level.
Yesterday the Dow Jones Industrial Index noticed its worst day since September third and the S&P had its worst day in a month. Issues over a surge in coronavirus infections in addition to the unlikelihood of a stimulus settlement previous to subsequent week’s US Presidential election despatched equities decrease in all 3 indexes.
Whereas all 3 indexes dropped to early October worth ranges, notably the Nasdaq dropped the least. Right now, whereas each Dow (YM) and S&P 500 (ES) futures closed within the crimson, Nasdaq futures (NQ) have been inexperienced on the closing bell. Information of tech large AMD’s settlement to accumulate its competitor, chipmaker Xilinx (XLNX), helped buoy the index.
In the meantime, the CBOE volatility index (VIX), often called Wall Road’s “concern index,” is quietly creeping as much as ranges not seen in over a month.
The chart above, created 100% FREE utilizing NinjaTrader, exhibits the final 6 months of worth motion in Micro E-mini Nasdaq futures (MNQ). 50 and 200-day SMA strains have been added for additional evaluation, together with the golden cross that occurred on June 2nd, 2020.
Bulletins resembling stimulus agreements and US presidential elections could cause surprising fluctuations in monetary markets and merchants ought to take applicable measures to guard danger capital.
For up-to-date data on contract expirations, roll dates, information bulletins & extra, go to and bookmark the NinjaTrader Trade Desk Calendar.