Archive for the ‘Futures Broker’ Category
Tuesday, September 7th, 2010
“An Odd Rhythm Today After the Long Weekend”
Market had some what of an odd rhythm today after the long weekend. We saw big moves in both currencies and bonds. I think that we should see clearer picture tomorrow as more traders will be back after Labor day + we have a few economic reports while today we did not have any reports.
Some levels to watch for tomorrows action from the hourly chart below.
GOOD TRADING!
TRADING LEVELS
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Wednesday, September 8th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
MBA Purchase Applications
7:00 AM ET
ICSC-Goldman Store Sales
7:45 AM ET
Redbook
8:55 AM ET
Quarterly Services Survey
10:00 AM ET
10-Yr Note Auction
11:00 AM ET
4-Week Bill Auction
11:30 AM ET
Beige Book
2:00 PM ET
Consumer Credit
3:00 PM ET
Disclaimer:
This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
Tags: commodity, commodity brokers, commodity futures, commodity trading, day trading, dow futures, e futures, e mini, futures broker, futures contract, futures exchange, futures market, futures quotes, futures trading, online broker, online trading, S&P 500
Posted in Day Trading Webinar, Futures Broker, Futures Exchange, Uncategorized | No Comments »
Thursday, September 2nd, 2010
“It’s a Wild Ride, so Hang on with Everything You’ve Got!”
Unemployment numbers tomorrow will provide some action ahead of the long weekend.
Holiday schedule at:
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http://www.cannontrading.com/tools-weekly-newsletter.php#one
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and
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http://www.cmegroup.com/tools-information/holiday-calendar/files/2010-labor-day.pdf
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GOOD TRADING!
Trading Levels
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Friday, September 3rd 2010 – http://mam.econoday.com/byweek.asp?cust=mam
Employment Situation
8:30 AM ET
Dennis Lockhart Speaks
10:00 AM ET
ISM Non-Mfg Index
10:00 AM ET
Disclaimer:
This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
Tags: commodity, commodity brokers, commodity futures, commodity trading, day trading, dow futures, e futures, e mini, futures broker, futures contract, futures exchange, futures market, futures quotes, futures trading, online broker, online trading, S&P 500
Posted in Day Trading Webinar, Futures Broker | No Comments »
Wednesday, September 1st, 2010
September Started Out with an Impressive Rally!
The slew of reports due tomorrow and Friday, will determine if this market will visit 1093 followed by 1106
or if this is the extend of the bounce. If I had to guess based on the momentum, I would say there is a good chance we will visit the 1100 area but of course this is just a guess….
Daily chart of Mini SP 500 for your review.
GOOD TRADING!
Trading Levels
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Thursday, Sept 2nd 2010 – http://mam.econoday.com/byweek.asp?cust=mam
Chain Store Sales
Monster Employment Index
6:00 AM ET
Jobless Claims
8:30 AM ET
Productivity and Costs
8:30 AM ET
Ben Bernanke Speaks
9:00 AM ET
Sandra Pianlto Speaks
9:05 AM ET
Factory Orders
10:00 AM ET
Pending Home Sales Index
10:00 AM ET
EIA Natural Gas Report
10:30 AM ET
3-Month Bill Announcement
11:00 AM ET
6-Month Bill Announcement
11:00 AM ET
3-Yr Note Announcement
11:00 AM ET
10-Yr Note Announcement
11:00 AM ET
30-Yr Bond Announcement
11:00 AM ET
10-Yr TIPS Auction
1:00 PM ET
Fed Balance Sheet
4:30 PM ET
Money Supply
4:30 PM ET
Disclaimer:
This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
Tags: commodity, commodity brokers, commodity futures, commodity trading, day trading, dow futures, e futures, e mini, futures broker, futures contract, futures exchange, futures market, futures quotes, futures trading, online broker, online trading, S&P 500
Posted in Day Trading Webinar, Futures Broker | No Comments »
Monday, August 30th, 2010
“A Recipe for a much Different Trading Day”
We have a full day of reports tomorrow, including FOMC MINUTES. that should be a recipe for a much
different trading day than we had today.
I would categorize today’s session, as lower volume, lower volatility but yet wide enough ranges on the stock indices to produce different set ups to go with the reversal trend. If I had to guess for tomorrow session, I would guess higher volatility with swings in both direction. Knowing what type of trading day you are in early enough or the type of personality the market is having on any certain trading day is HUGE in my opinion as different types of trading days require different approaches/ methods and trading style.
GOOD TRADING!
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Tuesday, August 31st – http://mam.econoday.com/byweek.asp?cust=mam
ICSC-Goldman Store Sales
7:45 AM ET
Redbook
8:55 AM ET
S&P Case-Shiller HPI
9:00 AM ET
Chicago PMI
9:45 AM ET
Consumer Confidence
10:00 AM ET
State Street Investor Confidence Index
10:00 AM ET
4-Week Bill Auction
11:30 AM ET
FOMC Minutes
2:00 PM ET
Farm Prices
3:00 PM ET
Disclaimer:
This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
Tags: commodity, commodity brokers, commodity futures, commodity trading, day trading, dow futures, e futures, e mini, futures broker, futures contract, futures exchange, futures market, futures quotes, futures trading, online broker, online trading, S&P 500
Posted in Day Trading Webinar, Futures Broker | No Comments »
Thursday, August 26th, 2010
Day Trading Webinar and Levels”
Below is a screen shot from todays “Live Chart” service I provide. If you are interested in 2 weeks free trail,
please visit: http://www.cannontrading.com/education-day-trading-webinar.php
Futures & Commodity Trading Levels (Potential Support/Resistance):
This Week’s Calendar from Econoday.Com
All reports are EST time
Thursday, August 26th – http://mam.econoday.com/byweek.asp?cust=mam
Weekly Bill Settlement
Jobless Claims
8:30 AM ET
EIA Natural Gas Report
10:30 AM ET
3-Month Bill Announcement
11:00 AM ET
6-Month Bill Announcement
11:00 AM ET
7-Yr Note Auction
1:00 PM ET
Fed Balance Sheet
4:30 PM ET
Money Supply
4:30 PM ET
Disclaimer:
This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
Tags: commodity, commodity brokers, commodity futures, commodity trading, day trading, dow futures, e futures, e mini, futures broker, futures contract, futures exchange, futures market, futures quotes, futures trading, online broker, online trading, S&P 500
Posted in Day Trading Webinar, Futures Broker | No Comments »
Tuesday, August 17th, 2010
“‘if we break down below 1078, my guess is we will resume selling pressure”
yesterday I wrote the folowing:
“On a different note, I got a blue diamond for tomorrow’s session which can mean potential up day if the futures market can break above 1083.00 or….continued decline if it fails to gain some upside momentum. Well the market broke 1083 overnight and continued as high as 1098 which is right above the nearest FIB level.”
What’s next one might ask? If we can hold 1078 then there is more upside potential, if we break down below 1078, my guess is we will resume selling pressure. Daily chart for review below:
Futures & Commodity Trading Levels (Potential Support/Resistance):
This Week’s Calendar from Econoday.Com
All reports are EST time
Wednesday August 18th – http://mam.econoday.com/byweek.asp?cust=mam
MBA Purchase Applications
7:00 AM ET
EIA Petroleum Status Report
10:30 AM ET
Disclaimer:
This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
Tags: commodity, commodity brokers, commodity futures, commodity trading, day trading, dow futures, e futures, e mini, futures broker, futures contract, futures exchange, futures market, futures quotes, futures trading, online broker, online trading, S&P 500
Posted in Futures Broker | No Comments »
Thursday, August 5th, 2010
“‘the futures market is possibly over bought”
Monthly unemployment numbers tomorrow before the cash open will provide the futures market with some direction and may get us out of this ‘summer low volume’ type of trading.
Plan your trade, trade your plan. Stay focused and ONLY try to day-trade when you are focused. Remember to stay disciplined and know that no one trade or trading day will determine your trading fate. Even when day-trading (which is a short term action), the end results is of long term progress effort and the sum of many trades.
On a different note, below is a daily chart of the Mini Dow Jones. I got a red diamond ahead of tomorrows session. For me, that means that ‘the futures market is possibly over bought ‘. The way I like to play this set up is that if we break below 10550, we have a chance for a stronger move down. On the other hand, if we can keep above it, we may see 10720 soon.
Futures & Commodity Trading Levels (Potential Support/Resistance):
This Week’s Calendar from Econoday.Com
All reports are EST time
Friday August 6th – http://mam.econoday.com/byweek.asp?cust=mam
Employment Situation
8:30 AM ET
Consumer Credit
3:00 PM ET
Disclaimer:
This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
Tags: commodity, commodity brokers, commodity futures, commodity trading, day trading, e mini, futures broker, futures contract, futures exchange, futures market, futures quotes, futures trading, market widgets, online broker, online trading, options trading, S&P 500, trade company
Posted in Futures Broker, Futures Exchange | No Comments »
Friday, July 30th, 2010
“Last Trading day of the month tomorrow.”
At any time traders, especially self directed futures traders, must be aware of first notice day, last trading, economic reports etc.
Tomorrow is first notice day for August Gold futures contract – As your futures and commodity broker we try our best to keep many of you informed via this daily blog but always make sure you contact your futures broker with any questions you may have.
Daily chart of September e-mini Dow Jones below for review. I am not sure about direction to be honest. Both bulls and bears have a case and at this point we are trading in a band between 10293 and 10536, which is a wide trading range.
Trading Levels:
This Week’s Calendar from Econoday.Com
All reports are EST time
Friday July 30th – http://mam.econoday.com/byweek.asp?cust=mam
GDP
8:30 AM ET
Employment Cost Index
8:30 AM ET
Chicago PMI
9:45 AM ET
Consumer Sentiment
9:55 AM ET
Farm Prices
3:00 PM ET
Disclaimer:
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
Tags: commodity, commodity brokers, commodity futures, commodity trading, day trading, e mini, futures broker, futures contract, futures exchange, futures market, futures quotes, futures trading, market widgets, online broker, online trading, options trading, S&P 500, trade company
Posted in Futures Broker | No Comments »
