EuroStoxx Long Futures Sep 21'20 Contract

ESTX 50 PR.EURINDEX

Description

⋅ Jul 3, 2020 5:05 AM

Trading Sep Futures with a Long bias based on the thesis:
US DJ, S&P rally seems to be peaking on its post-COVID rally.
ECO data out from the US generally seems strong as well.

Believe that international indices like NIFTY and STOXX will follow-suit.

Risk: Most of the rally has been done, hence watch for range trading from now till Sep.

Trade active

⋅ Jul 3, 2020 5:18 AM

Bought Sep18'20@3,294

Comment

⋅ Jul 15, 2020 4:32 AM

Vaccine speak grows louder. multiple take profits. current Sep18'20 average price at 3,348 and breaking even currently.

Trade closed: stop reached

⋅ Jul 16, 2020 1:06 AM

Position closed at 3381. Looking for re-entry.

Trade active

⋅ Jul 17, 2020 7:00 AM

Re-entered Sep18'20@3,367 . no slope

Trade active

⋅ Jul 20, 2020 5:13 AM

Average price Sep 18'20@3,360. EU leaders are gathering to discuss stimulus measures but are not yet coming to a consensus. I believe that they want to do something so markets may remain flat or inch upwards in anticipation. I will build a small position as diversification from my larger NIFTY position and as a bet that EU leaders eventually reach a consensus. Currently, news-flow indicate a rotation into EM economies.

Comment

⋅ Jul 21, 2020 5:08 AM

EU leaders reach an agreement. Added more in Asian hours in anticipation for Europe.

Trend Analysis eurostoxx