The Russell eMini is at the beginning of that time of the year when we start licking our chops. Mid April is when we have seen this market begin producing in a big way. The first three months for the Russell eMini are usually tough, up and down, up and down, from a trader/profit perspective. This year it has been so so. It finished March with + 16.4 points. It finished with + 29.7 points in February. We can see those kind of weekly point totals going forward now that we are well into April. The Russell eMini has posted large gains in April, May, June, July and actually throughout the last 3/4 of the year in past years. No one knows how this year will shape up but I would say the odds of the Russell eMini having a big year are quite good.
All futures tradeplans we follow each day won again. It took some late am session trades for Crude to work itself out, but it did. Today’s trade results are as follows:
- DAX wins again; + 25 points, new record profit levels
- Heating Oil Futures; + 70 ticks
- Crude Oil Futures; + 2 ticks (early morning chop let to late morning breakout moves which is quite common with this market.)
- Soybean Futures; + .25
- Dow eMini; + 29 points
- Russell eMini; + 6.1 points
- ES; + 1 points
- EURJPY; + 27 pips
See today’s Russell eMini Session. It gained + 6.1 points in 12 minutes. Each Russell emini point is worth $100.
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