ESTX 50 and Dax spike 11:30 ET

K

Kicking

What was that? Aren't those supposed to follow the US market blindly ? NQ and ES did not budge and ESTX and DAX just took off culminating with a 10 point spike in 3 min in ESTX. Can't find any euro economic release for that time. :confused:
 
Looks like a lot of the indexes are not confirming each others' moves either up or down and some people decided to close their positions before going home?

Quote from Kicking:

What was that? Aren't those supposed to follow the US market blindly ? NQ and ES did not budge and ESTX and DAX just took off culminating with a 10 point spike in 3 min in ESTX. Can't find any euro economic release for that time. :confused:
More...
 
Since start of this week the electronic trading platform XETRA for the german stock market closes at 17:30 CET (11:30 EST).

So some BUFs had fun in gunning stops.

Advice:Until Eurex US starts, exit your DAX-positions before 11:30 EST. If you want to keep overnight positions, you will have to widen your stops.

Regards

Bernd Kuerbs
 
I see. Someone in Europe wanted to load up before CSCO earnings, just strange that nobody started bidding up in the US until 3:30 ET. These guys are like robots they always send big orders at half past or the hour. Anyway these big swings are strange... same in thebonds and euro .
 
Market on close orders in the cash market.

If you trade a stock index future, it is prudent to know the trading hours of the underlying stockmarket.
 
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