Greetings!

August is over and I hope everyone will enjoy a great trading month in September.

Historically, Sept. has higher volatility than August, which is something day-traders look for. As far as longer term perspective, my opinion is that if SP500 can break below 1008 we may get a down move towards 931-972 region (See daily chart below)

Good Trading!

Futures Trading Levels for September 1, 2009

Economic Calendar for September 1, 2009

Economic

10:00am Aug ISM Manufacturing (last 48.9), Aug ISM Prices Paid (last 55), July Construction Spending m/m (last 0.3%), July Pending Home Sales (last m/m 3.6%, y/y 9.2%)
4:30pm API Crude Oil/Gasoline/Distillate Inventories

Events

8:00am FDA Oncologic Drugs Advisory Committee Meeting. Morgan Stanley Global Industrials Unplugged Conference. ICSC/UBSW Chain Store Sales (7:45, last 0.6%). Redbook Retail Sales (8:55, last -4.4%). ABC Consumer Confidence (last -45). Monthly vehicle sales. Trades Ex-dividend: HD $0.225, ROST $0.11, TRH $0.20.

Earnings

Before the Open: CRMT, RAIL, GIGM, TUTR. After the Close: ADCT, AVAV, APSG, DCI, SEAC, TTWO, PAY.

Greetings!

Levels and reports for Monday attached below. Have a great weekend and allow that human processor called the brain to take a small break from trading and recharge.

Good trading!

Futures Trading Levels for August 31, 2009

Economic Calendar for August 31, 2009

Economic

9:45am Aug Chicago Purchasing Manager Index (last 43.4)
10:00am Aug NAPM-Milwaukee (last 45)
10:30am Aug Dallas Fed Manufacturing (last -25.5%)

Events

CFN.W to be added to the S after the close. Ex-dividend: SLB $0.21, HAL $0.09, AVY $0.20, BLK $0.78.

Earnings

After the Close: FMCN, SINA.

Greetings!

Intraday ranges are slowly getting wider. I think that volatility can really pick up after Labor Day weekend. In between understand the type of trading enviroment you’re in and how you should adjust your trading style to different volatility levels, different times of the year, even different times during the trading day.

To hear more about my different observations for day-trading, diffeent indicators I use, money management techniques etc. you can register to attend a daily webinar that takes place by visiting: http://www.cannontrading.com/traders/live-day-trading-webinar.php

Good trading!

Futures Trading Levels

Economic Calendar

Economic

8:30am July Personal Income (last -1.3%), July Personal Spending (last 0.4%), July PCE Deflator y/y (last -0.4%), June PCE Core (last m/m 0.2%, y/y 1.5%)
9:55am Aug Final U. of Michigan Confidence (last 63.2)

Events

4:30am Preliminary UK Q2 GDP. Trades Ex-dividend: MCD $0.50, MCK $0.12, LMT $0.57.

Earnings

Before the Open: TIF. ***Note that the Japanese elections are due to take place on August 30th.

Greetings!

Not much to share as far as market view or tips for today so I will wish you a great trading day tomorrow. Stay focused and disciplined.

Levels and reports below.

Good trading!

Futures Trading Levels for August 27, 2009

Economic Calendar for August 27, 2009

Economic

8:30am Preliminary Q2 Annualized GDP q/q (last -1.0%), Q2 GDP Price Index (last 0.2%), Q2 Personal Consumption (last -1.2%), Q2 Core PCE q/q (last 2.0%), Initial Jobless Claims (last 576K), Continuing Claims (last 6.241M)
10:30am Natural Gas Inventories
1:00pm Treasury’s 7-yr auction

Events

5:00pm Fed’s Bullard speaks in Little Rock, AK. Trades Ex-dividend: NOC $0.43, ALL $0.20, JWN $0.16, DOV $0.26, CSX $0.22.

Earnings

Before the Open: APWR, AEO, CSUN, CONN, ENER, FRED, OSIS, SCVL, TOL, VIP. After the Close: ARUN, BEBE, DELL, DLLR, MRVL, MCRS, NZ, NOVL, OVTI, SLH, NCTY.

Greetings!

Not much is going in the market and that allows me to touch on a different aspect of trading, the mental part.

I think that once a trader accepts the following facts, he/she can trade with a better, clearer perspective:

1. You will have losing trades
2. Some trading days are better than others
3. No one single trade or one single trading day should determine your success, hence make sure you have strict daily money management rules
4. Losses are emotionally more painful than the joy we get from winners
5. Day-trading has to make sense statistically, emotionally and financially.

Once you understand and accept these facts you can go about formulating a good trading game plan.

Hope these tidbits help!

Good Trading!

Futures Trading Levels for August 26, 2009

Economic Calendar for August 26, 2009

Economic

8:30am July Durable Goods Orders (last -2.5%, ex-transport 1.1%)
10:00am July New Home Sales (last 384K, m/m 11%)
10:30am DoE Crude Oil/Gasoline/Distillate Inventories
1:00pm Treasury’s 5-yr auction

Events

12:00pm Fed’s Lockhart speaks on the economy in Chattanooga, TN. 4:00am German IFO data. FDIC to discuss a policy on private equity investments in failed banks. SIGM to be added to the S after the close. MBA Mortgage Applications (7:00, last 5.6%). 2:00pm LSTR mid-quarter update. Trades Ex-dividend: QCOM $0.17, D $0.438, ANF $0.175 FPL $0.473, WHR $0.43, LTD $0.15.

Earnings

Before the Open: BWS, CHRS, CCUR, DLTR, DSW, KIRK, NWY, WSM. After the Close: CWTR, GES, HEI, JAS, SIGM, TIVO.

Greetings!

It is rare that periods of high or in this case LOW volatility last for long with out a shift in volatility. I suspect that once the “summer trading season” is over , we may see a much different trading environment than we have in the last few weeks.

Be aware of the trading environment we are in and how it affects your trading and trading style.

Good Trading!

Futures Trading Levels for August 25, 2009

Economic Calendar for August 25, 2009

Economic

9:00am June S/CS Home Price Index (last 139.84), June S/CS Composite-20 y/y (last -17.06%)
10:00am Aug Consumer Confidence (last 46.6), June House Price Index m/m (last 0.9%), Aug Richmond Fed Manufacturing Index (last 14), TAF results
1:00pm Treasury’s 2-yr auction
4:30pm API Crude Oil/Gasoline/Distillate Inventories

Events

ICSC/UBSW Chain Store Sales (7:45, last -0.9%). Redbook Retail Sales (8:55, last -4.4%). ABC Consumer Confidence (last -46). Trades Ex-dividend: AVA $0.21, AMCR $0.56.

Earnings

Before the Open: AMWD, BIG, BKC, CHS, COCO, DAKT, MDT, RTLX, SAFM, SPLS, TUES. After the Close: BCSI, DY, HAIN, IRF, MYGN.

The Futures Trading Levels & Economic Calendar blog is currently on hiatus but will return to its daily format on Monday, August 24th.

Thank you for your readership. Good trading!