screw the futures, S&P will finish LOWER friday

Will the S&P finish friday down?

  • Yes, the S&P will be down on friday

    Votes: 29 39.7%

  • No, the S&P will be up friday

    Votes: 44 60.3%
  • Total voters
    73
The mini Dow was taken up over 130 points yesterday after-hours on a little over 2k of contracts. Last night, it was up over 80 points, again at a little over 2k.

Question: is this 'manipulation'? I mean, if you can effect this type of movement with so little effort, what is to stop 'them' from simply buying 10-20k contracts before the close, walking it up overnight, then scaling out when the market opens.

Futures seems totally corrupt imo...
 
Quote from Robby:

Now just to clarify... is this a 100% guarantee?
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Well since nobody paid any money for his prediction, it doesn't matter if it's a 100% guarantee or not.
 
Quote from omelette:

The mini Dow was taken up over 130 points yesterday after-hours on a little over 2k of contracts. Last night, it was up over 80 points, again at a little over 2k.

Question: is this 'manipulation'? I mean, if you can effect this type of movement with so little effort, what is to stop 'them' from simply buying 10-20k contracts before the close, walking it up overnight, then scaling out when the market opens.

Futures seems totally corrupt imo...
More...

Get a friggin' clue you moron.

I hope you don't trade actual money. Just cut me a check instead.

ES trades tens of thousands each night. YM is a pimple. Don't you watch global markets? How surprising that on nights when the DAX and FTSE are up 1% that someone would bid futures on U.S. indices. Geez.......
 
Quote from Pa(b)st Prime:

Get a friggin' clue you moron.

I hope you don't trade actual money. Just cut me a check instead.

ES trades tens of thousands each night. YM is a pimple. Don't you watch global markets? How surprising that on nights when the DAX and FTSE are up 1% that someone would bid futures on U.S. indices. Geez.......
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Actually I do, the YM - and am doing quite well atm! But I readily admit that I have a lot to learn.

Of course I'm aware that the global markets influence futures but as the US markets are basically the dog that wags the tail, in general the direction is set the day before I would have thought. Just surprised at the extent of the moves on mediocre volume.

Charming response btw, just the sort I'd expect from someone fustrated with always losing his shirt!:p
 
Quote from omelette:

Actually I do, the YM - and am doing quite well atm! But I readily admit that I have a lot to learn.

Of course I'm aware that the global markets influence futures but as the US markets are basically the dog that wags the tail, in general the direction is set the day before I would have thought. Just surprised at the extent of the moves on mediocre volume.

Charming response btw, just the sort I'd expect from someone fustrated with always losing his shirt!:p
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Sorry for being rude but I was responding while reading Poole's comments on another screen. :mad:

Don't assume that the U.S. wags the tail of other major markets. We don't. No more than the Dow wags the tale of the Russell. Apples and oranges. It's all about sectors. These day's European index futures don't close until we do so there's no lag. We're not the only guy's with a "night" session.

As far as manipulation: nothing beats a steady stream of Fed officials speaking off hours about how much they'd like to ease.
 
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