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E-Mini Nasdaq Futures Volatility Forecast (14/03/2011)

The E-Mini Nasdaq Index plummeted, like all other equity indices, and after topping at 2,330 it dropped to 2,280.

The volatility plot is still upward sloping, the actual TGARCH figure is around 1.3% (20.6% annualised) and such a measurement is likely to augment in the upcoming days. Specifically, the volatility could achieve 1.6% (25.3% in annual terms) by the end of the week whilst the Index is probably going to plummet and retest the 2,270 zone.

The Nasdaq Index could be extremely affected by the Tsunami that destroyed Japan because many hi-tech companies have important branches, subsidiaries or commercial relations in Tokyo.

The staff of HyperVolatility remains quite bearish on this market and we will look for short opportunities because a boost in volatility and a consequent market drop seem to be the most likely scenario.

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