Get started
hungry_hippo

FAANG Pump with Futures

S&P 500 E-mini Futures (CME_MINI:ES1!)  
hungry_hippo Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
Technical Indicators es1 SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) faang
4
0
indicator es1 spx spy faang
Looks like they're trying to pump futures (look at MFI) but the only things going up are FAANG stocks.

Europe's still on holiday, low volume today. Staying out of the market, expecting another pump and dump with futures.
Comment:
They tried to pump it but volume was really low, no indication which way it's gonna go, assuming sideways for now. We'll see what happens when the Euro's return from holiday.

Long or short, I'd still go with sector ETFs and individual stocks until the market finds direction.
Comment:
Overbought, some serious futures pumping today as evident from FAANG stocks. The market is now ignoring earnings all together and just moving with futures.
Comment:
CAT and Boeing report in the morning, MSFT and FB in the afternoon. We'll see where this goes.

AMZN Thurs afternoon, AAPL next week. I'm wondering if the Iran oil sanctions will be the trigger to tank the market, China and India aren't going to comply so we'll see what crybaby Trump does.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.