what happened with ER2 today?

B

belmondo

hello,
first sorry for my english. does anyone have any idea what is behind today's 15point short on ER2?

thank you very much
 
The R2K index was down 10.69 pts or 1.35 percent.

This is nothing to write home about.

2 or even 3% declines/rises are not uncommon for the Russell.

Its a high beta index, even more than the Nasdaq.
 
thank you for your reply. I'm trading only a few month and never seen on emini such a move. I try to find some answer on cnbc or bloomber (any hint where to find valuable info or analysis?) I'd like to understand more the market not only technical analysis.
 
the russell is heavily infested :)

with oil stocks

when oil tanks, generally speaking, the russell is weak

feel free to track the correlations

oil was down 2% today

hth
 
Well, you are right in this: the average daily range for the ER2 futures is typically closer to 11:

ADR 5: 11.4
ADR20: 10.3
ADR50: 11.2
ADR200: 12.5

So, todays range of 16.1 is clearly outside the norm. Even so, the daily isn't falling apart and there are indications that it may yet rebound should it stay above 780 or so. It's not fun being bearish...yet.

best, amg

<a href="http://versaluna.com/2006/061218_er2D.png"><img src="http://versaluna.com/2006/061218_er2D.png" width="150"></a>
 
ER2 has barely moved for months.....historically the last few months are unusual......you can't base your trading on a month can you? Pull up the history.....
 
You must log in or register to reply here.
Back
Top