U.S. stock higher in pre-market trading for,April 06.The Nasdaq Futures is trading at 7,809.62 with +3.81% percent or +286.87 point.The Dow Futures is trading at 21,740.00 up with +3.74% percent or +783.00 point.The S&P 500 Futures is trading at 2,575.38 up with +3.73% percent or +92.63 point.
In other parts of world, Japan’s Nikkei 225 is trading at 18,576.30 up with +4.24% percent or +756.11 point. Hong Kong’s Hang Seng is trading at 23,740.39 with +2.17% percent or +504.28 point. China’s Shanghai Composite is trading at 2,763.99 with a loss of –0.60% percent or –16.65 point. India’s BSE Sensex is trading at 27,590.95 with a loss of –2.39% percent or –674.36 point at 12:15 PM.Germany’s DAX is trading at 9,975.75 up with +4.72%percent or +449.98 point. France’s CAC 40 is trading at 4,305.69 up with +3.64% percent or +151.11 point. The Stoxx Europe 600 is trading at 318.24 up with +2.97% percent or +9.18 point.
Monday’s Factors and Events
the Dow could always rally to complete wave-4 (with a c-wave movement that only makes a marginal short-term high this month); in this scenario, I suspect that the next near term move would still be lower.
If we assume that the asymmetric relationship has only changed for the short term, then we would likely be talking about the VIX correcting toward 30 through April, while the Dow would likely be trending net sideways until ~May 1. In this scenario, the debacle would explode back into the headlines next month.
For the day The Nasdaq Composite is trading at 7,373.08 with a loss of –1.53% percent or –114.23 pointthe Dow is trading at 21,052.53 with a loss of –1.69% percent or –360.91 point. The S&P 500 is trading at 2,488.65 with a loss of –1.51% percent or -38.25 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,052.05 with a loss of -3.11% percent or -33.76 point; the S&P 600 Small-Cap Index closed at 622.35 with a loss of –3.55% percent or -22.94 point; the S&P 400 Mid-Cap Index closed at 1,337.95 with a loss of –2.72% percent or -37.40 point; the S&P 100 Index closed at 1,151.57 with a loss of –1.45%% percent or -16.94 point; the Russell 3000 Index closed at 1,425.07 with a loss of –1.69% percent or -24.45 point; the Russell 1000 Index closed at 1,359.01 with a loss of –1.60% or -22.13 point.