Futures Trading Education

U.S. Equity Markets sold off sharply yesterday afternoon, finishing the day lower, led by the NASDAQ which ended the session with a loss of 2.63%. This move lower saw the VIX surge, closing higher by 17.80% at 19.66. Markets were mixed for most of the day ahead of economic data later this week – Retail Sales and Inflation for April. President Joe Biden will also meet with Congressional leaders later this week to discuss an infrastructure compromise. Ahead of the meeting, Senate Minority Leader Mitch McConnell (R-KY) said that any approved infrastructure plan should not cost more than $800 billion. McConnell said that this price tag would cover what many people consider to be “actual” infrastructure investments. Reopening optimism continued to boost value and cyclical names, leading to outperformance for the Dow Jones Industrial Average. On the other hand, the rotation out of tech weighed on the tech-heavy Nasdaq Index. This rotation accelerated throughout the day, dragging the Nasdaq and S&P 500 sharply lower. European Markets again closed weak despite strong Economic Data. Sentix’s Euro-Zone Economic Sentiment surged in May, hitting its highest level since March 2018, as expectations for future activity continue to rebound. Italy’s Foreign Minister Luigi Di Maio said the country may start lifting COVID-19 quarantine restrictions for foreign travellers beginning in mid-May. European Central Bank Governing Council Member Olli Rehn said it should adopt a Federal Reserve-like approach to inflation, allowing it to overshoot the current 2% target for some time. This could have sparked concerns that inflation was going to pick up in the near term. In Asia, Global growth optimism rose on speculation. Disappointing U.S. employment data means central bank support will remain in place and as European countries voiced support for removing social-distancing restrictions. Taiwan’s export data for April were stronger than expected, rising versus March, experiencing its fastest growth since 2010, as demand for semiconductors continued to accelerate. National Australia Bank’s business confidence and conditions indexes for April hit new highs as companies were increasingly optimistic about demand, employment, and profitability. Elsewhere, Bitcoin fell over 7% on little news while Oil reversed earlier gains to close lower by 0.11%.

To mark my 2300th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 78 points yesterday and is now ahead by 57 points for May having closed April with a gain of 1244 points, having ended March with an impressive gain of 3769 points, having made 3286 points in February, 2077 points in January, 2273 points in December, 2025 points in November, 2779 points in October, 3042 points in September and 2383 points in August. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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