Atlanta, Ga
Experience: Intermediate
Platform: Sierra Chart
Broker: AMP Futures
Trading: ZN
Posts: 4 since Nov 2017
Thanks Given: 2
Thanks Received: 13
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Fundamentals is a big part of my trading. From my experience the ES just has too many sectors to make a play on earnings. If a whole sector is doing good, like tech, then that can help the ES. Since I've been paying attention to fundamentals the only companies I seen move the ES was one of the FAANG stocks and Telsa. I think that's mainly because those move the NQ and the NQ and ES correlates. I believe ES is more about sectors. I seen the ES have a trend day and the reason for the trend was the Banking sector had a good day.
The NQ on the other hand, there's always moves when Facebook, Apple, Microsoft, Google, Netflix and Telsa report earnings. These stocks weigh a lot on the NQ. As I'm writing this the NQ had a big drop today, 02-05-20, because Telsa had a big drop at the open. You can make a scalp play when earnings are released on NQ with one of these companies. For me, I would rather all ready be in the market before the earnings. Example: Apple reports at 15:30 Chicago time. Depending on how the day is going, like if it's a trend day, I will be in the trade, riding the trend, then hold the trade until 15:30. Then earnings produce a continuation in the direction I'm already in then I'll hold it for another 5 minutes or overnight depend on whats going on.
When one of these companies report in the morning, and it exceeds expectations or disappoint by a lot, then ppl should reaction off that new info. The NQ will move quick and could trend. Then, the ES may correlate and trend.
Also you can make a play on Boeing news with the Dow (YM) because Boeing weighs a lot on the Dow.
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