Protected: 新しい仕事
March 10th, 2010Protected: Access-DB
March 9th, 2010E-mini day-trading and intermarket divergence
March 8th, 2010A benefit of trading mini stock index futures markets is the contribution of four popular and related markets that can be traded simultaneously. The S&P 500 (ES), Nasdaq-100 (NQ), Russell 2000 (TF) and Dow Jones Industrial Average (YM) can be traded using price level discrepancies that occur among the four markets. This is similar to how, for example, gold and silver, or oil and natural gas futures are swing traded in pairs. These price discrepancies are referred to as intermarket divergence, and they can create powerful trading setups for E-mini day-traders.
The four mini stock index futures markets can be put into leader-follower relationships based on the composition of their underlying stock indexes. One such pairing is:
Leader Follower
TF (Russell 2000) ES (S&P 500)
NQ (Nasdaq 100) YM (DJIA)
The assumptions behind this relationship are that the small-cap Russell 2000 moves more precipitously than the larger stocks in the S&P 500, and the Nasdaq 100 high-tech stocks will show similar behavior relative to the more
stalwart DJIA.