Although we have a great trade for the ES,(risk approximately $450.00 to profit approximately $1,250.00), volatile moves in most markets have swelled premiums to where risk/reward in most markets are less than desirable for our trades.

Hold the NQ trade from last week but move the profit objective lower. Risk is also set at a lower level for the Nasdaq.

Biggest Movers

HG (Copper) – Down 6 – Neutral
Copper is back down toward the bottom, sitting at 11, again after a rare week in the top half of the rankings. With the market unable to pick a direction, we’ll see how the next couple weeks shake out as major mines in Africa  are projecting output could increase by up to 10% or more.

KC (Coffee) – Up 4 – Slightly Bearish
Coffee prices continue to fall despite a significant drop in supply. With USDA estimating stocks closing at 34.0m bags, it’s the lowest levels since 2011.

VDO Futures Power Rankings


[   ] – Associated Trade Rec (call your broker for more info)

[   ] – Market was UP

[   ] – Market was DOWN

VDO – Last Week’s Price Volatility in Dollar Terms (Volatility Dollar Opportunity)

Bias – Directional Trend

Rank – Based on the VDO

Volatility – Last Week’s Price Volatility

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