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Checking for futures direction - pre open

 
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jdestruel



Joined: 20 Jan 2005
Posts: 16

PostPosted: Thu Jan 20, 2005 2:02 pm    Post subject: Checking for futures direction - pre open Reply with quote

Probably a basic question; but, I'm a new member and just read one of the eBook making references to Entry and Exit strategies. It is indicated that the futures should be confirming that sentiment in their activity before the open. I have two questions:

1. What futures are they refering to?
2. is there a free website that would provide this information.
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costath
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PostPosted: Sat Feb 05, 2005 1:04 pm    Post subject: Yes - I have the same question. Reply with quote

"Checking the futures" is mentioned in several of the Candlestick e-books I've been reading.

1) ie: "Profitable Candlestick Entry & Exit Strategies" page 20
2) Taken from Candlesticks Feb 4, Stock Market Commentary.
"The futures this morning were slightly positive
until the employment numbers came out. Now the weakness
in the futures indicate that we will probably see
this pullback occur for at least the next couple of days
of trading."

Can anyone kindly help us out with this one.
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TimThompson



Joined: 09 Sep 2004
Posts: 38
Location: Houston, Texas

PostPosted: Sat Feb 05, 2005 1:18 pm    Post subject: Futures Fundamentals... Reply with quote

Here is an interesting article you may want to read regarding "Futures Fundamentals"

http//www.investopedia.com/university/futures/
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costath
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PostPosted: Sat Feb 05, 2005 2:31 pm    Post subject: Good basic article Reply with quote

It didn't seem to address the relationship between opening stock prices and the "futures" markets.

Isn't it a bit like saying, "Hey look at the other 9,000 stock symbols to see how your stock might open?

I mean which futures are the authors referring to?
Grains, Oil, Metals, Hogs??

I can understand taking a quick look at the Major Market Index's.

Is there a similar "Major Futures Index?"

Tom
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nonentity
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PostPosted: Mon Feb 07, 2005 3:57 pm    Post subject: futures Reply with quote

The futures are the S&P futures. You can go to CME and check the Globex prices before the open

http//www.cme.com/trading/dta/del/globex2.html?crl=f
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jdestruel



Joined: 20 Jan 2005
Posts: 16

PostPosted: Mon Feb 07, 2005 10:24 pm    Post subject: Futures link Reply with quote

Hi,

here's the link I have found which proves to be interesting:

http//www2.barchart.com/mktcom.asp/dfutpage.asp?sym=SP&code=BSTK : S&P 500 futures (SPH5), Dow Jones industrial index futures (DJH5) and Nasdaq 100 (NDH5) futures.
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costah
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PostPosted: Mon Feb 07, 2005 10:36 pm    Post subject: Oh those Futures... Reply with quote

Excellent Help.
Thanks for taking the time to help out.

-Tom
Razz
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