Is the YM the new ER2?

[dalby]

i have still been able to use 6-15 pt stops on YM (even today) - you just have to wait for a pristine setup

fwiw, the russell has now lost ALL gains for the year. the dow hasn't. so, in that respect the volatility is definitely greater in russell (was up big is now flat. dow is still up)

[notouch]

ES wiped out 3 months of gains today and closed below the June lows. YM is still 250 points above the June lows.

[walterw]

Is it my impression or are we having much more overnight globex trading going on ?

[notouch]

684 contracts traded tonight on YM so far. That doesn't seem unusually high. Of course with the general increase in volume and volatility over the past few days you would expect more trading at all times of the day.

[cooter]

Well over a half-million contracts on the Russell today. How many on the YM? Only 350K or so. Go figure.

[torero]

Anyone noticed a slight average volume increase in activity in EMD during the since the ER2 move? I don't see much increase except for the usual increase due to new highs factor.

[cooter]

	Quote:	walterw
	Is it my impression or are we having much more overnight globex trading going on ?

Yes, in the ES and large S&P, it would seem so.

[torero]

Anyone want to speculate if this higher than usual globex activities due to earnings season?

[notouch]

	Quote:	torero
	Anyone want to speculate if this higher than usual globex activities due to earnings season?

It's "higher than usual" if you mean higher than a month ago but it's all pretty much the same as the day after February 27. It seems some traders here have short memories. :p

The volatility in Europe and Asia is the main reason. There's also usually a bit of futures activity when a big name releases it's earnings.