Traders generally cheer positive futures in the premarket. The thinking goes that it’s easier to trade an up market than a down one.
Traders generally cheer positive futures in the premarket. The thinking goes that it’s easier to trade an up market than a down one. But what really matters is the trend of the market between the open and the close. Even if it finishes higher on the day, a market that starts at its high and fades through the day can make for some of the toughest sledding.
Nasdaq futures and the semi space in general are higher this morning on the back of positive reaction to NVDA earnings. Plenty of the names already on the Kapnotes trading board are moving higher in sympathy. Now comes the tricky part. Does today’s action set up a good entry? Experience says no. We are in the depth of the August doldrums. Entry mistakes are difficult to recover in this environment. We will add exceptions to the list throughout the day as they show themselves.
Kapnotes is unbiased, catalyst-driven research for active traders. We screen the market's biggest movers and hand you a focused list of trading opportunities, updated in real time throughout the day.