1. 9/25/17
Daily Market Summary
By: Raul Rivera

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3. ➔ US Futures and Equities sold off early in the session as
the “War of Words” between the US and North Korea
intensified today.
➔ Very little economic news to speak of today that move
markets
➔ VIX increased by 6% but traded as high as 13.5%. Still
very low, IMO. The volatility increase only happened
on North Korean comments.
➔ Markets to react to the North Korean comments were
GC, ZB & USD. GC normally trades against the USD
but today traded as the “Safe Haven” trade, thus it
increased in Value and Volume alongside the USD.
➔ Crude Oil had one HECK of a rally today. The rally was
based on the expectations that producers will extend a
deal to limit output as demand in crude oil rises. The
only concern is the volume traded today. Crude only
traded 681,000 contracts while gaining 2.9%. It could
very easily have traded close to 1 million contracts.
Momentum traders carried the trade higher all day long.
This week we have quite a few things to look forward to:
● Tuesday:
○ New Home Sales 10am est
○ Consumer Confidence 10am est
○ Janet Yellen Speech 12:45am est
● Wednesday
○ Core Durable Goods 8:30am est
○ Pending Home Sales 10am est
○ Crude Invetories 10:30am est
● Thursday
○ Q2 GDP 8:30am est
● Friday
○ Mario Draghi Speech 10:15am
○ BOE Carney Speech 10:45am
All events listed above are High Volatility events. In Red are
even higher volatility events.
Janet Yellen speech tomorrow, Q2 GDP, and Draghi/Carney
speeches will be closely watched. Markets mostly affected will
be 6E, 6B, GC, ZB.
Market Commentary Looking forward:

4. US Index Performance
RTY Outperforms again making new
ATH’s and ending the day in the green!
NQ keeps lagging behind as FANG names
underperform. Facebook stock dropped
4.5%

5. CBOE VIX Seasonality Performance

6. End of Day Volume Imbalances
Volume Imbalance is the difference between buying
and selling volume.
A positive number shows that there are more buyers
than sellers (Bullish).
A negative number shows that there are more sellers
than buyers (bearish)
With the CTV Software, we can see institutional
buying and selling.

7. Total Volume Imbalance:
➔ +8,287
Institutional Imbalance:
➔ +3,631
Overall market sold to about -27,000
imbalance on North Korean comments.
Dip was bought at the end of the day by
everyone and institutions as well.
ES

8. Total Volume Imbalance:
➔ +10,605
Institutional Imbalance:
➔ +3,431
ZB rallied all day with the Overall market
buying and the institutional trader as well.
Yellen speech tomorrow could send this
higher or lower.
ZB

9. Total Volume Imbalance:
➔ +8,456
Institutional Imbalance:
➔ +459
Huge rally today! Big positive volume
imbalance. Market was bought all day long
today. Institutions bought early and took
profit late. Some are still in the trade.
CL

10. Total Volume Imbalance:
➔ +6,342
Institutional Imbalance:
➔ -122
Safe haven trade in Gold today. Traded higher
alongside the USD and also spiked higher shortly
after North Korean comments. Large buying volume
but flat when it came down to institutions. Probably
individuals buying and not Hedge Funds.
GC

11. Total Volume Imbalance:
➔ +1,092
Institutional Imbalance:
➔ -1,404
Huge selling from both institutional traders and
overall market. Selling began on the 22nd, looks
like it is continuing through. Mario Draghi
speech on Friday will be highly watched.
6E

12. Total Volume Imbalance:
➔ -6,833
Institutional Imbalance:
➔ -2,683
Large selling from the overall market &
20+ contract trader. Pure selling today as
prices moved with the volume direction
ZS