The continuing "war of words" between the US and North Korea saw markets sell off and gold rally. Elsewhere, it was a breakout day for crude oil. See what else was moving the markets in today's market summary report.
2. Risk Disclaimer
Trading or investing carries a high level of risk, and is not suitable for all persons. Before deciding to trade or invest you should carefully
consider your investment objectives, level of experience, and ability to tolerate risk. This content is subject to change at any time without notice,
and is provided for the sole purpose of education and assistance in making independent investment decisions. TechMeetsTrader.com has taken
reasonable measures to ensure the accuracy of the information contained herein; however, TechMeetsTrader.com does not guarantee its
accuracy and is not liable for any loss or damage which may
result directly or indirectly from such content or from an inability to access such information or any delay in or failure of the transmission or the
receipt of any instruction or notification in connection therewith. Any past performance results are shown for illustration and example only, are
hypothetical and as such have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or
losses similar to those shown. Past performance is not necessarily indicative of future results. U.S. Government Required Disclaimer- Commodity
Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the
risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money that you can’t afford to lose.
This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account
will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or
methodology is not necessarily indicative of future results.
CFTC RULE 4.41- HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL
PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN
EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS A
LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE
DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE
PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE
PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE. SUPPORT AND TEXTS, OUR COURSE(S), PRODUCTS AND SERVICES
SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY,
ALL TRADING DECISIONS SHOULD BE YOUR OWN.
3. ➔ US Futures and Equities sold off early in the session as
the “War of Words” between the US and North Korea
➔ Very little economic news to speak of today that move
➔ 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:
○ New Home Sales 10am est
○ Consumer Confidence 10am est
○ Janet Yellen Speech 12:45am est
○ Core Durable Goods 8:30am est
○ Pending Home Sales 10am est
○ Crude Invetories 10:30am est
○ Q2 GDP 8:30am est
○ 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
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:
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.
8. Total Volume Imbalance:
ZB rallied all day with the Overall market
buying and the institutional trader as well.
Yellen speech tomorrow could send this
higher or lower.
9. Total Volume Imbalance:
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.
10. Total Volume Imbalance:
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.
11. Total Volume Imbalance:
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.
12. Total Volume Imbalance:
Large selling from the overall market &
20+ contract trader. Pure selling today as
prices moved with the volume direction