'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Sunday, November 14, 2010

As observed


As I tracked the e-mini futures market and observing the four core market in the industry, I have been noticing lately that the Nasdaq market is a little bit smooth on its movement as compared with the S&P, the Dow and the Russell.

Showing in here is the chart 5-minute chart from the QQQQ which is almost identical with the e-mini nasdaq (NQ).

As can be seen from its downside movement last Friday, it drops smoothly.

You can easily shorted it from the e-mini as it is.

The Russell (TF) in the e-mini futures market is a little bit volatile together with the S&P (ES) which is where the pros are fully concentrated.

While the e-mini Dow (YM) is also good to trade especially for the neophytes, but its quite volatile too.

I prefer to trade the NQ as compared with the mentioned above.