Archive for the ‘Futures Exchange’ Category
Tuesday, August 24th, 2010
“We Met the Intial Target of 1049″
Yesterday I mentioned the following:
Daily chart of the mini Russell, which I consider the leader, for review below. Looks like we may get a test of previous lows and if and then the big question.. do we bounce or do we start a new leg lower:
Well the big question for this point in time is here.. we met the intial target of 1049 and from a technical point of view we are looking at some wide bands. 1049 being pivot line, 1080 being resistance and 1000.75 being major support.
Today I am sharing daily chart of the mini SP 500 for review:
to sign for free trail, 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
Friday August 20th – http://mam.econoday.com/byweek.asp?cust=mam
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 Exchange | No Comments »
Thursday, August 19th, 2010
“Try the Daily Live Charts Service Free for 2 Weeks”
Screen shot from my daily live chart service below. You are more than welcome to try this service for 2 weeks free if you have not had the trial before. Cost of service for cannon trading clients is $119 per month.
During the sharing of live charts (which i provide under LEVEX Capital mgmt. Inc – Commodity Trading Advisor) I share my approach, concept/model for day-trading, my proprietary DIAMOND indicator and general feedback from my experience.
to sign for free trail, 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
Friday August 20th – http://mam.econoday.com/byweek.asp?cust=mam
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 Exchange | No Comments »
Monday, August 16th, 2010
“‘The News can really Move the Futures Market”
Somewhat of a quiet day on the futures exchange to start the week after some volatile sessions last week. As I’ve said many times before, if a trader can recognize early enough during the trading session, what type of trading day is about to unfold, then one can use the proper day-trading technique more suitable for that day.
Some examples may include: join the trend on trending day, mean aversion techniques on choppy days and much more.
On a different note, I got a blue diamond for tomorrow’s session which can mean potential up day if the market can break above 1083.00 or….continued decline if it fails to gain some upside momentum. Daily chart for review below:
Futures & Commodity Trading Levels (Potential Support/Resistance):
This Week’s Calendar from Econoday.Com
All reports are EST time
Tuesday August 17th – http://mam.econoday.com/byweek.asp?cust=mam
E-Commerce Retail Sales
6:00 AM ET
ICSC-Goldman Store Sales
7:45 AM ET
Housing Starts
8:30 AM ET
Producer Price Index
8:30 AM ET
Redbook
8:55 AM ET
Industrial Production
9:15 AM ET
4-Week Bill Auction
11:30 AM ET
Narayana Kocherlakota Speaks
12:30 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, 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 Day Trading Webinar, Futures Exchange | No Comments »
Tuesday, August 10th, 2010
“‘The News can really Move the Futures Market”
FOMC tomorrow around 14:15 EST
FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow. If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the futures market.
My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement.
Futures & Commodity Trading Levels (Potential Support/Resistance):
This Week’s Calendar from Econoday.Com
All reports are EST time
Tuesday August 10th – http://mam.econoday.com/byweek.asp?cust=mam
NFIB Small Business Optimism Index
7:30 AM ET
ICSC-Goldman Store Sales
7:45 AM ET
Productivity and Costs
8:30 AM ET
Redbook
8:55 AM ET
Wholesale Trade
10:00 AM ET
4-Week Bill Auction
11:30 AM ET
3-Yr Note Auction
1:00 PM ET
FOMC Meeting Announcement
2:15 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 Exchange | 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 »
Tuesday, August 3rd, 2010
“The Current Uptrend is Strong”
Daily chart of Mini Dow Jones futures contract for your review below with possible Elliot Wave scenarios. The 82 reading suggest the current uptrend is strong. If the 3rd wave we are in will continue than next target will be 10723. If the market pulls back first to possible 4th wave, support is at 10490. Of course, when its all said and done what matters most is price action and not what we want or hope the market will do.
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 Exchange | No Comments »
Monday, August 2nd, 2010
“Todays session was classic example of a summer trading session”
Fairly boring trading day on the futures market. Low volume and overall not many set ups after initial move up ….It is what it is. As a futures trader, know what market environment you are in and don’t try to force trades if you don’t have the set ups you are looking for. Some days, the market provides better opportunities than others, sometimes it provides many more risks. Patience is key. No trade is better than a bad trade.
Futures & Commodity Trading Levels (Potential Support/Resistance)
This Week’s Calendar from Econoday.Com
All reports are EST time
Tuesday August 3rd – http://mam.econoday.com/byweek.asp?cust=mam
Motor Vehicle Sales
ICSC-Goldman Store Sales
7:45 AM ET
Personal Income and Outlays
8:30 AM ET
Redbook
8:55 AM ET
Factory Orders
10:00 AM ET
Pending Home Sales Index
10:00 AM ET
4-Week Bill Auction
11:30 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! (more…)
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 Exchange | No Comments »
Friday, July 30th, 2010
“GOOD TRADING!”
Wishing all of you a great trading month during August 2010! Enjoy the weekend, clear your mind from trading emotions and recharge for the new week / month.
Futures & Commodity Trading Levels (Potential Support/Resistance):
This Week’s Calendar from Econoday.Com
All reports are EST time
Monday August 2nd – http://mam.econoday.com/byweek.asp?cust=mam
ISM Mfg Index
10:00 AM ET
Construction Spending
10:00 AM ET
4-Week Bill Announcement
11:00 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 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, 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 Exchange | No Comments »
Wednesday, July 28th, 2010
“The Dow Jones Average is leading the way”
Market made recent highs overnight, backed down and managed to close un-changed.
I think with this recent move, it is the Dow Jones average which is leading the way.
Below is a daily chart of the mini Dow Jones futures along with some Fibonacci levels.
My speculation is that an hourly close during the day session tomorrow above 10520 can trigger 10760,
on the flip side, an hourly close below 10435 can bring 10320 much closer.
Trading Levels:
This Week’s Calendar from Econoday.Com
All reports are EST time
Wednesday July 28th – http://mam.econoday.com/byweek.asp?cust=mam
MBA Purchase Applications
7:00 AM ET
Durable Goods Orders
8:30 AM ET
EIA Petroleum Status Report
10:30 AM ET
5-Yr Note Auction
1:00 PM ET
Beige Book
2:00 PM ET
Disclaimer:
Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
Tags: commodity, 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 Exchange | No Comments »
Tuesday, July 20th, 2010
Nice bounce after touching some FIB levels during overnight session/early morning. FIBONACCI levels been providing good support/ resistance levels so far when applied over multiple time frames. ( daily, hourly, 15 minutes etc. )
Below is a daily chart of the E Mini S&P 500 futures contract with FIBONACCI levels drawn.
Notice todays lows and highs.
We are closing against highs and some momentum during the night session can help this market visit 1099. Failure against the 1081 level and we are back to range bound trading.
Trading Levels:
This Week’s Calendar from Econoday.Com
All reports are EST time
Wednesday July 21st – http://mam.econoday.com/byweek.asp?cust=mam
MBA Purchase Applications
7:00 AM ET
Ben Bernanke Speaks
10:00 AM ET
EIA Petroleum Status Report
10:30 AM ET
Disclaimer:
Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
Tags: commodity, 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 Exchange | No Comments »
