Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Earnings Galore, Trading Action Is Everywhere

Published 04/21/2013, 01:16 AM
Updated 07/09/2023, 06:31 AM

This morning, the S&P 500 Index e-mini futures (ES-M3) are trading higher by 6.00 points to $1540.00 per contract. It seems that the major stock indexes are trading slightly higher ahead of the opening bell. Traders and investors must be prepared for the endless earnings reports that are being released at this time. Today, is also options expiration for the month of April so traders should expect volatility throughout the first couple hours of the trading session. Normally, the major stock indexes will end the Friday trading session flat to slightly positive by the closing bell.

Last night, most of the leading Asian stock markets ended higher on the session. The big winner was the important and highly followed Shanghai Index (China) closing higher by 2.14 percent. This tells us that the Chinese ADR's could be strong today if the U.S. markets are strong. Some of the leading Chinese ADR's in the market are Baidu Inc. ADR (BIDU), Sohu.com Inc (SOHU), China Mobile Ltd. ADR (CHL), and Netease Inc. ADR (NTES). Traders may also want to watch the base and industrial metal stocks which could also be in play today on the back of the strong Chinese market.

Below you may find the video.


Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.