STOCK MARKET WATCH - Thursday, 10 October 2019

[Tansy_Gold]

STOCK MARKET WATCH, Thursday, 10 October 2019

Previous SMW:
SMW for 9 October 2019




AT THE CLOSING BELL ON: 9 October 2019


Dow Jones 26,346.01 +181.97 (0.70%)
S&P 500 2,919.40 +26.34 (0.91%)
Nasdaq 7,903.74 +79.96 (1.02%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:







Gold & Silver:



Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[masmdu]

1. Emini trade. Real time. Opinion not advice.

Just for kicks I will post emini trade setups (entry and stop) in real-time when my indicators are tripped. The DU post can act as a time stamp for such calls. I will also post separately for exits.

Keep an eye out for them.

[progree]

2. Is this what you mean? I've never heard of them ...

https://emini-watch.com/emini-trading/emini-futures/

The Emini (or E-mini or ES or Mini) is a futures contract that tracks the S&P 500 stock market index. It is traded on the Chicago Mercantile Exchange (CME) via their Globex electronic trading platform. Trading is 23 ½ hours a day, 5 days a week, using the ticker symbol ES.

Emini contracts are available on a wide range of US stock market indices, commodities and forex currencies. However, when traders refer to the “Emini” or “Eminis” they are generally referring to the most important one – the futures contract that tracks the S&P 500 stock market index.

Emini futures were originally launched in September 1997 to attract non-professional investors into trading index futures. Previously, the only game in town had been the “large” (SP) contract – but it had become too expensive for the “little guy” to trade. So the CME created the Emini contract which was 1/5th the size of the “large” S&P 500 futures contract and required 1/5th the margin to trade.

The Emini became a huge success – not only with non-professional traders but with professionals too. And with this success, the CME (and other exchanges) decided to launch over 40 other “E-mini” and “E-micro” futures contracts over the next 10 years, covering:

[masmdu]

3. Yes.

[masmdu]

4. Trade Notice - Emini trade. Real time. Opinion not advice.

Short @ 2945.75 to 2947
Stop@ 2948.5

time 11:30 am

[masmdu]

5. Trade Notice - Emini trade. Real time. Opinion not advice.

Exit postion @ 2942 (safe out)

[masmdu]

7. $175 profit per contract if exit at 2942

[masmdu]

6. Exit @ 2935 if still in

[masmdu]

8. $525 profit per contract if exit @ 2935

[masmdu]

9. Entry was exact. The best result on this trade would be....

20 points from 2947 to 2927 ($1000).