It’s time for a rollover!

Yes, it’s time again to rollover those futures contracts. The Equity Indices: TF, ES, NQ, EMD and YM roll on Thursday at the open from the December 2011 contract to the March 2012 contract. The month code for March is ‘H’. So tomorrow and Friday will be a little rocky as traders move their positions. You can trade the ‘Z’ contracts through next Thursday, but by the end of the day tomorrow, the volume will move to the ‘H’ contract.

Today was a crappy day until the end when indexes moved up to their high of day. Seems like the bulls want to be Santa Claus!

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