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Important Notices – Next Week Highlights:
Trading Reports for Next Week
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* 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 here in 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 judgement in trading.
CPI Tomorrow! The CPI will be critical to the inflation outlook for Fed policymakers.
Previous CPI reports have created velocity logic events in the stock indices at the CME.
Please read more details about velocity logic and price banding HERE.
The above reports will Bookend the FOMC minutes release @1pm CT on tomorrow.
My previous notes suggest to do the following if you are an index day trader:
Get out before the 730 AM CPI.
Wait for the smoke to clear.
Resume trading.
Look at market volume and behavior after 9:30 AM Central time to decide if and how to resume trading.
I usually stop trading and resume after 1 PM once FOMC minutes are out.
AGAIN…This is just my PERSONAL preferences…
Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.
Explore trading methods. Register Here
* 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 here in 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 judgement in trading.
4 MIN READ
US TREASURY
By CME Group
05 FEB 2024
Although the Federal Reserve (the Fed) has been on pause when it comes to interest rate hikes since the summer of 2023, economic uncertainty still looms. The Fed is reducing the size of its balance sheet by decreasing holdings of Treasury and mortgage backed securities, and it is ambiguous on when the first rate cuts will take place.
Given the uncertain economic environment, it is as important as ever to manage Treasury yield curve risk.
The United States Treasury market stands as one of the largest and most crucial financial markets globally, playing a pivotal role in the functioning of the global economy. The magnitude of the U.S. Treasury market reflects its significance as a safe haven for investors, central banks and institutions seeking low-risk assets. Treasury maturities across the yield serve as an important reference point for risk management across various markets.
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.
Explore trading methods. Register Here
* 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 here in 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 judgement in trading.
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By John Thorpe, Senior Broker
March (H24) Interest rate products, U.S. T-Bond Futures ZB, Ultra T-Bond Futures UB, 10-Year T-Note Futures ZN, 5-Year T-Note Futures ZF, 2-Year T-Note Futures ZT. are now front month
Earnings watch, Tuesday 12-5 Toll Brothers Builders NYSE (TOL), Thursday 12-7 chipmaker Broadcom NYSE (AVCO)
Reports a variety, Main Focus Friday, NFP 7:30am, WASDE 10am and 1st day of Hanukkah all times CST
The Role of Expectations for the NFP report
Expectations are typically baked into future prices. Rarely can a more direct correlation to this reality be found than in our futures markets as they are affected by expectations of NFP .
There are a number of indicators the Federal Reserve Board and investors watch prior to the NFP release, these all become reflected in asset prices and if there is a surprise NFP release, the market can adjust violently to the new perception of the health of the economy and therefore the affect on future Interest rate decisions. For instance, The Labor Department’s JOLTS report tracks monthly change in job openings and offers rates on hiring and quits. The reporting period lags other employment data including the employment situation report. Then there is the ADP report The national employment report from Automated Data Processing Inc. and is computed from ADP payroll data and offers advance indications on the U.S. private workforce. Are to name but two. Contact your broker for more detail.
This Friday @ 7:30 a.m. CST the BLS will release it’s monthly employment update called the NFP which stands for Non-Farm Payroll and this specific economic event is always released on the first Friday of every month. Rarely, the NFP figure may be postponed to the second Friday if the first Friday is the first of the month or a public holiday. This Friday is one of those rare exceptions. The NFP figure is a report which shows how many individuals are employed within the US but excludes specific industries such as agriculture.
Why is it important to the Dollar?
When individuals wish to invest in stocks, bonds and a currency, they prefer currencies backed by a strong economy with a robust employment sector. In addition, if employment is high, the Federal Reserve is also likely to increase interest rates or keep them high; again, this can support demand for the Dollar.
A higher-than-expected NFP figure is positive for the Dollar.
A lower-than-expected NFP figure is negative for the Dollar. The inverse would be true for the Euro currency
Why is it important to the US Stocks?
ESH24,NQH24,RTYH24,YMH24 + micros
The NFP figure can affect the US Stock Market in 2 ways. A higher-than-expected NFP figure can indicate a resilient economy and higher consumer demand. As a result, companies perform better; earnings are higher, as is investor confidence. This can cause the stock market to rise. But be wary as it can also trigger current belief by the FED that interest rate increases will be necessary to cool the employment trend.
On the other hand, if the Federal Reserve is increasing interest rates, positive employment figures may support a further increase. Interest rates can significantly pressure the stock market. A lower than expected figure during the current environment may rally stocks as the FED would NOT need to raise rates further yet as they wait and see if their tight money policy is being effective
Why is it important to the Gold?
GGCG24, GCG24 + micros
The price of Gold is largely inversely correlated with the cost of the Dollar. As a result, the NFP can influence the price of gold. Whether the horse leads the cart or the cart leads the horse is for you to determine as you lock those contracts onto your trading screens.
Why is it important to Interest Rates?
UBH24,ZBH24,ZTH24,FFF24 + minis
If the NFP is stronger than expectations Bond prices will go lower as the concern of “higher for Longer” persists
If the NFP is weaker than expected Bond Prices will go higher as anticipation for rate cuts sooner wash over the interest rate markets
Plan your trade and trade your plan.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
12-05-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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 here in 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 judgement in trading.
Join our private Facebook group for additional insight into trading and the futures markets!
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#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
We look forward to having you join the CME tomorrow for Black-Scholes workshop.
View last week’s session here to see what kind of discussions you can expect.
Please read the below information for the session on November 15 and add the event to your calendar below.
Joining Instructions:
To join the online event, please use the following link:
Webinar number: 248 142 79084
Webinar password: d2GPM8kZc42 (32476859 from phones and video systems)
Helpful Tips:
Recording Disclaimer:
This online event will be recorded for the purposes of archived viewing for attendees unable to attend the live session. By participating in this online event, you are considered to have consented to the recording. All video and audio communications must remain professional and relevant to the topic and purpose of the online event. Personal views or opinions expressed during the online event are those of the participants and may not necessarily reflect the official policy or position of CME Group.
Plan your trade and trade your plan.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
11-15-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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 here in 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 judgement in trading.
By Mark O’Brien, Senior Broker
General:
We have a new futures contract. It started trading on Monday. This is the Micro Henry Hub Natural Gas futures contract and corresponding options.
To quote directly from the CME Group web site, “The introduction of Micro Henry Hub Natural Gas futures and options responds directly to customer demand for a smaller, more precise instrument for managing natural gas price exposure. At one-tenth the size of the benchmark Henry Hub (NG) contract, Micro Henry Hub Natural Gas futures and options offer more granularity and smaller margin requirements with the same robust transparency and price discovery of the larger Henry Hub contracts.”
Follow the link below to the contract’s full contract specifications on the CME Group web site:
https://www.cmegroup.com/markets/energy/natural-gas/micro-henry-hub-natural-gas.contractSpecs.html
Heads up: most FCM’s / clearing firms, including the five FCM’s Cannon Trading Co. partners with, will monitor a new futures contract for sufficient liquidity before making it available to its clients. Give Cannon Trading a call to find out the availability of the contract.
Energy:
Incidentally, natural gas (basis Dec.) dropped ±50 cents (a ±$5,000 move) over the last six trading sessions to ±$3.10 /mmBtu. down to new 2-year lows on forecasts for above-normal temps. across the U.S. for the next fifteen days and continental U.S. production remaining near all-time highs,”
Financials:
Stock index futures are struggling today to extend their longest winning streak in two years – clocking seven straight daily gains – as we approach the close of trading. At this typing, the E-mini S&P 500 is trading just a few ticks either side of unchanged, while the E-mini Dow Jones and E-mini Nasdaq are slightly off.
More energy:
Crude oil extended its more than 2-week sell-off to its lowest level in over three months. From an intraday high of $89.85 per barrel on Oct. 20, the front month traded through $75.00 per barrel this morning – a ±$15.00 per barrel / $15,000 per contract move.
DAILY CHART BELOW
News pushing prices south include global demand worries, record U.S. production and ebbing supply concerns surrounding the Gaza conflict.
Given its ability to create a ripple effect, the ±15% price decline dragged U.S. pump prices down to levels not seen since March. It has also helped rein in inflation expectations and worrisome bond yields.
While this paints a picture that fears are subsiding that a wider conflict could be emerging in the Middle East and disrupt supplies, traders should remain on high alert for signs to the contrary.
Plan your trade and trade your plan.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
11-09-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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 here in 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 judgement in trading.
By John Thorpe, Senior Broker
Earnings, Govt Reports, Powell Speech and any geopolitical wrangling’s, events or additional crises always have the potential to move markets away from their trading ranges.
First up are the earnings reports, This week, due to the fact we don’t have any big names ( FAANG) reporting. Those 5 stocks individually can swing the markets violently on their respective earnings days with any surprises.
Instead, this week, we have 1400 plus earnings reports out on some names you would certainly be familiar with like Disney. The market is looking this week at sector earnings since there is no large cap phenom reporting the week.
IF the biomedical group stumbles with earnings this week, or the retail sector shows signs of weakening, construction sector, finance, the market will be looking at the health of sectors this week as earnings are pumped out before the open, during and after the trading sessions. So don’t expect sharp movements in the stock index prices this week from Earnings, but you can expect markets turning over in a more measured manner as reports flow.
Governmental Reports: yes we have a few but they tend to by a bit more fringe than say NFP or CPI, we do have a Jobless claims number this week on Thursday @ 7:30 CST.
Claims for November 4 week are expected @ 220K vs 217K the week prior. If you are looking for strong undercurrents in the markets you may find that Wednesday and Thursday will be your best bets. FRB Chair Powell will be speaking both days at separate events, Wednesday very early @8:15 CST followed by a later 1PM CST Thursday talk.
Plan your trade and trade your plan.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
11-07-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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 here in 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 judgement in trading.
Read more about futures trading platforms offered by Cannon Trading Company here.
Futures trading platforms have evolved significantly over the years, offering traders a plethora of options to cater to their specific needs. Cannon Trading, a prominent brokerage firm, recognizes the importance of providing a wide array of futures trading platforms to its clients. In this comprehensive overview, we will delve into the various futures trading platforms available at Cannon Trading, offering traders a comprehensive understanding of their options.
Sierra Charts
Sierra Charts is a renowned name in the futures trading industry. It is highly regarded for its advanced technical analysis tools, customizable charting options, and extensive historical data. Traders can execute orders, perform technical analysis, and backtest strategies efficiently with Sierra Charts.
Cannon Pro (Mac Compatible)
Cannon Pro is designed for Mac users, ensuring that traders using Apple devices have access to a powerful trading platform. It offers real-time market data, advanced charting tools, and order execution capabilities.
Volumetrica Trading
Volumetrica Trading is a specialized platform for traders focused on order flow and volume analysis. It provides detailed insights into market dynamics, helping traders make informed decisions based on order book data.
MultiCharts
MultiCharts is a popular trading platform known for its extensive back testing and automated trading capabilities. It supports multiple data feeds and brokers, making it a versatile choice for traders.
Tradingview
Tradingview is a web-based platform that offers advanced charting and social networking features. Traders can share ideas, collaborate with others, and access a wide range of technical indicators and drawing tools.
Overcharts
Overcharts is a user-friendly platform known for its intuitive design and advanced charting capabilities. It provides access to various data sources and features seamless order execution.
Bookmap
Bookmap is a unique platform that visualizes order book data in a clear and insightful manner. Traders can analyze market liquidity and order flow to make precise trading decisions.
MarketDelta
MarketDelta is designed for traders who focus on order flow analysis. It offers tools to track market profile, volume, and Delta, providing valuable insights into market sentiment.
MotiveWave (Mac Compatible)
MotiveWave is a Mac-compatible trading platform known for its advanced technical analysis tools, Elliott Wave analysis, and options trading capabilities.
Trade Navigator
Trade Navigator is a comprehensive platform that offers real-time data, advanced charting, and customizable indicators. It is suitable for both novice and experienced traders.
MT5 (MetaTrader 5)
MetaTrader 5, commonly known as MT5, is a versatile platform that supports not only futures trading but also forex and CFDs. It features automated trading options, customizable charts, and a wide range of technical indicators.
Additional Trading Platforms
Cannon Trading also provides access to several other trading platforms, each with its unique features and capabilities. These platforms include API (Application Programming Interface), Quantower, E-Futures, FireTip (Mac Compatible), CQG Trader, RTrader/Rithmic, CTS T4 (Future Spreads), AgenaTrader, eSignal, Ensign Software, QT Market Center, BarChart Trader, iSystems Automated Trading Platform, Investor/RT, Corn Futures, and Nasdaq Futures.
Futures & Options Trading
Cannon Trading’s platform offerings extend beyond futures trading to include options trading as well. Traders can explore a variety of options strategies and execute trades seamlessly on these platforms.
Cannon Trading’s commitment to offering a diverse range of futures trading platforms reflects its dedication to meeting the diverse needs of traders. Whether you are an advanced trader seeking in-depth technical analysis tools or a beginner looking for a user-friendly platform, Cannon Trading has a solution for you. The platforms mentioned above cover a wide spectrum of features, catering to traders with various trading styles and preferences. By providing access to these platforms, Cannon Trading empowers traders to make informed decisions and navigate the complex world of futures trading with confidence.
Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.
Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Read more about futures trading with Cannon Trading Company here.
In the realm of futures and commodity trading, having a reputable and reliable broker is paramount. Traders seek brokers who embody transparency, possess extensive market knowledge, execute trades swiftly, and maintain a strong rapport with regulators. Additionally, the ability to promptly address client concerns and offer support when needed is crucial. One such brokerage that epitomizes these qualities is Cannon Trading. With a rich history and a stellar TrustPilot rating of 4.9 out of 5 stars, Cannon Trading has gained widespread acclaim within the trading community. In this in-depth exploration, we will uncover the reasons why Cannon Trading is a top choice for futures and commodity traders.
Understanding Futures and Commodity Trading Brokers
Futures and commodity trading brokers act as intermediaries between traders and the futures or commodities markets. They provide the essential platform, tools, and expertise necessary for traders to engage in buying and selling futures contracts or physical commodities. These brokers play a crucial role in facilitating smooth and efficient trading, guiding traders with market insights, and ensuring compliance with regulatory requirements.
The Importance of Transparency, Knowledge, and Quick Executions
Transparency in operations is fundamental for any trading broker. It involves providing clear and accurate information regarding fees, order execution processes, and potential risks associated with trading. Knowledge, on the other hand, pertains to the broker’s understanding of the markets, enabling them to guide traders effectively. Swift order executions are vital for traders to capitalize on market opportunities in real-time.
Regulatory Standing and Compliance
Brokers need to adhere to stringent regulatory guidelines set by organizations like the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States. Compliance with these regulations ensures that brokers maintain high standards of professionalism and fairness in their dealings.
Cannon Trading: A Trusted Name in Futures and Commodity Trading
Established in 1988, Cannon Trading has solidified its position as a trusted brokerage in the futures and commodity trading arena. The firm’s commitment to transparency, extensive market knowledge, swift executions, and regulatory compliance sets it apart. The endorsement of its services by the trading community, evident in its impressive TrustPilot rating of 4.9 out of 5 stars, underscores its excellence.
The TrustPilot 4.9 out of 5 Star Ranking: A Testimony to Excellence
TrustPilot is a platform that allows customers to provide genuine feedback and reviews of businesses. For prospective clients seeking a reliable futures or commodity trading broker, the TrustPilot rating offers valuable insights. Cannon Trading’s remarkable 4.9 out of 5-star rating is a result of the following factors:
Why Choose Cannon Trading for Futures and Commodity Trading
Cannon Trading’s reputation for transparency, market knowledge, swift executions, and regulatory compliance positions it as a top choice for futures and commodity trading. Here are some compelling reasons to choose Cannon Trading as your trading partner:
In the ever-evolving world of futures and commodity trading, finding a brokerage that aligns with your values and trading needs is crucial. Cannon Trading, with its long-standing legacy, unwavering commitment to transparency, extensive market knowledge, and stellar TrustPilot rating, is an excellent choice. As a trader, your journey in the futures and commodities markets can be greatly enhanced with a trusted partner like Cannon Trading by your side, empowering you to make informed decisions and navigate the markets with confidence.
Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.
Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
By John Thorpe, Senior Broker
On the earnings front two additional AI equity plays report this week, both after their respective close. Oracle today is expecting a $1.14 per share increase (10.7% YoY) and Adobe on Thursday. Wallstreet analysts are expecting ADBE to report +3.98 per share (+17.0% YoY) These two earning factors could create directional change in the indices on the days following the releases. The Government reports being released this week could alter the course of the Fed’s short term interest rate decision making come September 20th.
The Fed has publicly stated in recent interviews and statements that the current string of rate increases used to assist in curbing inflation may be drawing to a close however, they will wait and see what the upcoming inflation numbers reveal. If the next two CPI reports show inflation running hot, especially in the service and shelter categories that the Fed is watching closely, then the chance of a November hike could increase.
The Fed Funds Futures (ZQU23) Market is assigning a 93 % probability that the Fed will not raise during the Sep 20 meeting. This viewpoint could change significantly after several important reports will be released this week. Circle your calendars for Wednesday the 13th @ 7:30 A.M. CDT for CP and Thursday the 14th @7:30 A.M. CDT for 3 numbers: PPI final, Retail sales and Jobless claims. Finally on Friday @8:15 A.M. CDT for Industrial Production.
Expectations for CPI from Econoday.com are: Core prices in August are expected to hold steady and modest at a monthly increase of 0.2 percent to match July’s as-expected 0.2 percent increase. Yet overall prices, reflecting food and energy, are expected to rise 0.6 percent after July’s 0.2 percent increase which was also as expected. Annual rates, which in July were 3.2 percent overall and 4.7 percent for the core, are expected at 3.6 and 4.4 percent respectively.
What is CPI (Consumer Price Index)? is a measure of the average change over time in the prices paid by urban consumers for a representative basket of consumer goods and services. The CPI measures inflation as experienced by consumers in their day-to-day living expenses.
Scope: Urban Consumers How the data is obtained: Survey of Business, Survey of Households. Sample sizes : CPI Survey collects about 94,000 prices and 8,000 rental housing unit quotes each month.
If you would like to drill down further, you can find a few links provided by the Bureau of Labor Statistics to CPI Fact sheets: Consumer Price Index Factsheets : U.S. Bureau of Labor Statistics (bls.gov)
Volume in the September contracts will begin to drop off until their expiration Friday, September 15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any September futures contracts through 8:30 A.M., Central Time on Friday, Sept. 15th, they will be offset with the cash settlement price, as set by the exchange.
Monday, September 18th is Last Trading Day for September currency futures. It is of the utmost importance for currency traders to exit all September futures contracts by Friday, September 15th and to start trading the December futures. Currency futures are DELIVERABLE contracts.
The month code for December is ‘Z.’ Please consider carefully how you place orders when changing over.
Watch the video below on how to rollover your market depth and charts!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-12-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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 here in 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 judgement in trading.
Find out more about futures trading with Cannon Trading Company here.
In the world of finance, futures trading is a powerful tool for investors to speculate on the future price of various assets, including commodities, currencies, and financial indices. In recent years, with the advancement of technology, online futures trading has gained immense popularity among traders and investors. One company that stands out in this realm is Cannon Trading Company, offering a range of features that set it apart in the online futures trading industry. With multiple trading platforms, superb customer support, and a solid reputation on TrustPilot, Cannon Online Futures Trading has become a go-to choice for futures traders seeking reliability and efficiency.
Understanding Online Futures Trading
Futures trading is a financial strategy that involves speculating on the future price of an asset, such as gold, oil, or stock market indices. It allows traders to enter into contracts obligating them to buy or sell the asset at a predetermined price on a specified future date. This provides an opportunity to profit from price movements, whether they are rising or falling.
Online futures trading, as the name suggests, involves executing these transactions through online platforms provided by brokerage firms. This method offers numerous advantages, including accessibility, convenience, and the ability to execute trades in real-time. Traders can monitor market conditions, analyze charts, and execute orders from the comfort of their homes or offices.
The Importance of Choosing the Right Futures Broker
Choosing the right futures broker is a crucial step for any trader or investor. The brokerage you select can significantly impact your trading experience, affecting everything from order execution speed to customer support. Cannon Trading Company is a brokerage firm that has gained recognition for its exceptional services and features, making it a top choice for those engaged in online futures trading.
Cannon Trading Company: A Game-Changer in Online Futures Trading
One of the standout features of Cannon Online Futures Trading is its offering of multiple trading platforms. These platforms cater to a wide range of traders, from beginners to experienced professionals, ensuring that everyone can find a solution that suits their needs.
Having access to multiple platforms means that traders can select the one that aligns best with their trading style and preferences. This flexibility is invaluable in the dynamic world of futures trading.
In the realm of online futures trading, where time can be of the essence, having access to responsive customer support is critical. Cannon Trading Company excels in this regard. Their commitment to providing top-notch support has earned them the highest ratings on TrustPilot, a testament to their dedication to client satisfaction.
When a futures trader needs assistance or has questions about their trades, they don’t want to wait endlessly for the phone to ring or for an email response. Cannon Trading understands this and ensures that their customers have quick and easy access to knowledgeable professionals who can address their concerns promptly.
TrustPilot is a widely recognized platform for customer reviews and ratings. A high TrustPilot rating indicates a company’s commitment to customer satisfaction and trustworthiness. Cannon Trading Company’s status as the highest-rated futures brokerage on TrustPilot speaks volumes about the quality of service and support they provide to their clients.
With numerous positive reviews and testimonials from satisfied customers, Cannon Trading has demonstrated its ability to consistently meet the expectations of online futures traders. This solid reputation instills confidence in traders and investors alike, making Cannon a preferred choice in the highly competitive futures trading industry.
Why Online Futures Trading?
Online futures trading offers several advantages over traditional methods of trading futures contracts. Let’s explore some of these benefits:
Online futures trading has become a cornerstone of modern finance, empowering traders and investors with the ability to speculate on a wide range of assets. Cannon Trading Company has emerged as a leader in this field, offering a variety of features that cater to the diverse needs of traders. With multiple trading platforms, exceptional customer support, and a sterling reputation on TrustPilot, Cannon Online Futures Trading sets a high standard in the industry.
For those seeking to enter the exciting world of futures trading or looking for a reliable brokerage partner, Cannon Trading Company’s commitment to customer satisfaction and its dedication to providing cutting-edge trading tools make it a compelling choice. As technology continues to shape the financial industry, Cannon Trading stands at the forefront, ready to empower traders to make informed decisions and navigate the complex world of futures trading with confidence.
Ready to start trading futures? Call 1(800)454-9572 and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.
Disclaimer – Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
by John Thorpe, Senior Broker
Earnings and NFP will be the markets focus.
The Earnings tail this week will include SalesForce on Wednesday and Dell, a dividend pick for tech stocks, on Thursday. LuLulemon reports on Thursday.
Friday the Big news will not come from the earnings front It is that time of the month again, time for NFP. Similar to the JOLTs release earlier in the week, watching how NFP comes out could have a strong impact on the market. The last two reports have been revised down in the following weeks and if this one follows suit could provide some sell pressure in the general market. If however, this comes in as a beat, it’s possible the market rallies on a strong jobs report.
Start trading December silver, copper, 30 year bonds and other treasuries!
Plan your trade and trade your plan.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-29-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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 here in 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 judgement in trading.
Join our private Facebook group for additional insight into trading and the futures markets!
Have a safe Memorial Day Weekend. Trading Schedule HERE
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Weekly Levels
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.
By John Thorpe, Senior broker
There is little doubt traders will be tightly focused on the FOMC meeting on Tuesday and Wednesday. The release of the meeting statement at 14:00 ET on Wednesday will settle speculation about whether Fed voters will pause interest rate hikes or take rates higher for the eighth meeting in a row. If the Committee raises rates, by how much? Will it be a 25 or 50 basis points?
Powell’s press briefing at 14:30 ET on Wednesday will be the first opportunity for the press to ask of the Fed Chair about recent turmoil in the banking sector. Most of the news became public just as Fed officials entered the communications blackout period for the next rate announcement (midnight, Saturday March 12 through midnight, Thursday, March 23). Unless there was an urgent need to alter the signals previously given about the direction of monetary policy, it is not a topic that Powell would speak about publicly until after the meeting. Powell is likely to get as many questions about the state of the banking industry in the US as he will about the FOMC decision and forecast. My Favorite tool is the CME FedWatch tool.
The bar graphs represent the fed fund futures prices and adjust daily. As of this writing, according to the tool, there is a 28% chance of no change and a 71% chance of .25 increase, although some economists do expect a .50% increase, the market is discounting that faction and focusing on Zero change or a .25 bump. CME FedWatch Tool – CME Group
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
03-21-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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 here in 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 judgement in trading.
Trade June indices as well as June currencies!
By Mark O’Brien, Senior broker
Crude oil futures prices plunged more than $5.50 a barrel intraday today – touching a low of $65.65 (basis April) – to their lowest in more than a year as news that Credit Suisse’s biggest shareholder, Saudi National Bank, said it would not make further investments in the firm, sending the Swiss lender’s stock plunging ±27% and adding to the already extreme turmoil in the banking sector from the collapse of Silicon Valley Bank and Signature Bank last week here in the U.S.
In turn, gold futures prices climbed over 1% intraday with the April contract topping $1,942.50 per ounce intraday, it’s highest price since early February. Conversely, Copper futures lost ±11 cents / pound – over 4% intraday – with the May futures contract touching $3.84 / lb. matching prices from early January and extending a near month-long ±40-cent / $10,000 decline.
Not surprisingly, with the banking sector hitting rough seas this last week, treasuries have once again assumed their safe-haven status with the 30-yr. T-bond futures contract soaring ±10 full basis points ±$10,000 over the last nine trading days to March 3 and sending the benchmark 10-year Treasury note yield tumbling to near 3.5%
Significant volatility looks to be the order of the day for the near term across the major financial futures sectors – stock indexes, interest rates, currencies – as well as metals and energies. Up next, the FOMC meeting this coming Tuesday/Wednesday.
Be Careful out there, Plan your trade and trade your plan!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
03-16-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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 here in 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 judgement in trading.
The below commentary about tomorrow’s FOMC minutes is provided by www.NewSquawk.com
FOMC MINUTES (WED): After economic data for January highlighted a hot economy where inflation appears to be sticky, traders will look through the minutes for clues about how the central bank could respond, specifically looking at any commentary that indicates officials have appetite for rate hikes to resume with jumbo increments above 25bps, or even expectations of a higher terminal rate for the cycle. As a reminder, the Fed hiked its FFR by 25bps to 4.5-4.75% at its February meeting, as expected.
The statement said the central bank continues to see “ongoing increases” in the Fed rate as being appropriate, coming against some expectations that the line could be dropped in order to give optionality for a lower terminal rate than the 5-5.25% median dot in the December SEPs. While that didn’t happen, we did see a switch in language on guidance from the “pace of future increases” to the “extent of future increases,” suggesting that debate is moving from the size of hike increments to how many hikes remain in the cycle, a dovish offset to the continued use of “ongoing increases”. Elsewhere in the statement, the Fed acknowledged that inflation had eased
somewhat, but remained elevated. Chair Powell sat on the fence on many topics he was asked about in his postmeeting press conference, rather than cut off his options.
The Fed Chair confirmed that the disinflation process was underway, albeit he was eager to highlight that core services inflation, ex-housing, had not shown progress. He believes that policy is still not ‘sufficiently restrictive’, but left optionality by stressing data dependence, later saying that it is possible that the Fed updates its policy path if the data came in differently to what it expects. Powell said the Fed has not yet made a decision on the terminal rate, and that it will look at the data between now and the March SEPs.
The Fed chief sees a path to getting inflation to 2% without significant economic decline, though it could take more slowing in the economy than it expects.
The below commentary about tomorrow’s FOMC minutes is provided by www.NewSquawk.com
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
02-22-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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 here in 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 judgement in trading.
By Mark O’Brien, Senior Broker
General: albeit the eighth straight interest rate hike by the Federal Reserve since last March, today’s 25-basis point increase was the smallest move of the streak – with its target range now set to 4.5 – 4.75 percent. In its policy statement, Central Bank officials signaled that while “inflation has eased somewhat,” the fight against inflation has not come to an end and that the Fed “will stay the course until the job is done.” Translation: more hikes are on the way.
Yesterday, the International Monetary Fund raised its 2023 global growth outlook slightly, from their last projected contraction to 2.9% form 2022, to a slightly less discouraging 2.7%. They pointed to “surprisingly resilient” demand in the United States and Europe, an easing of energy costs and the reopening of China’s economy after Beijing abandoned its strict COVID-19 restrictions.
Tomorrow the European Central Bank will meet to determine their own next move in that region’s battle against inflation. They’re almost certain to notch rates up another 50 basis points up to 2.5 percent on their deposit facility, as it’s termed. And similar to the attention paid to Fed chair Jerome Powell’s words, all ears will be honed in on ECB President Christine Lagarde’s communications on the central bank’s guidance and future decisions.
All this is taking place amidst the backdrop of slight improvements in U.S. and Chinese economic expectations. One could make the case that the green shoots indicating signs of improvement for the economy mentioned in the Jan. 18 blog at the very least haven’t withered.
And speaking of not withering, while the outlook for the South American soybean crop remains a concern, traders have started removing the weather premium from prices.
This could contribute to an asset-wide decline in volatility and leave markets prone to trending – up or down.
A Cannon broker will be able to assist, provide feedback and answer any questions.
Chart below is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
PriceCounts – Not about where we’ve been , but where we might be going next!
March mini SP 500 possible PriceCounts Scenario below
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 02-02-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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 here in 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 judgement in trading.
Start trading March grains, March silver, March bonds and other interest rates, February gold. First notice day is Wednesday.
Tomorrow is also the last trading day of the month – busy day with different reports and Fed’s Powell speaking..
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-30-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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 here in 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 judgement in trading.
By Mark O’Brien Senior Broker
Financials: Given Federal Reserve Board Chairman Jerome Powell’s statements at last week’s Economic Policy Symposium in Jackson Hole, where he reiterated the Fed.’s commitment to halting inflation and that “some pain” will come to the U.S. economy as a result, U.S. and other global stock markets, while lower this week, have been measured and arguably not anxiety-filled. At least for the time being, traders seem to have factored in continued interest rate hikes by our central bank and other countries’ and slower, possibly even recessionary conditions. That was read into Wednesday’s ADP private payrolls report that showed a deceleration in jobs creation (132,000 in August).
Next up: the closely watched Non-farm payrolls report this Friday, widely considered to be one of the most important measures of the U.S. economy. A survey of economists forecast an increase of 318,000 new jobs (median estimate).
Metals: Dec. gold traded through $1,700/oz this morning, marking its longest monthly losing streak in four years, and Dec. silver tumbled to $17.40 intraday – a more than two-year low – as traders expect rising interest rates will persist making Treasury bonds and the U.S. dollar more attractive.
Lumber: Rising interest rates and a strong U.S. dollar have weighed on other commodity prices. Basis the Nov. futures contract, lumber prices have been slashed by more than half since their early-Feb. highs of ±$1,000/board foot, trading to $460/board foot intraday today – to its life-of-contract low. Credit weak demand as well, with a cooling housing market and falling new home construction.
Energy: Crude oil (Dec.) continued it’s steep sell-off this week – losing ±$10/barrel over the last three days – returning to near its mid-August/5-month lows near $86.00/barrel. The market seems dogged by softening demand with several major cities in China seeing new Covid restrictions, including the total lockdown of Chengdu with ±20 million people.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-02-2022
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 here in 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 judgement in trading.
By Mark O’Brien Senior Broker
Energy: September Natural gas touched $10.028 per million British thermal units intraday yesterday, a 14-yr. high. It closed at $9.193 – a ± $9,000 per contract correction off its highs, yet still more than twice the price a year ago.
Financials: If you turn to any financial news source, you’d think the only thing traders are thinking about this week is the Federal Reserve Bank of Kansas City’s annual Economic Policy Symposium. This is a 3-day gathering of about 120 economists and policy makers from government agencies and academia – including many central bankers – from around the world. It all takes place in Jackson Hole, Wyoming starting tomorrow.
Why is it important? The symposium kicks off with a speech given by the Chairman of the U.S. Federal Reserve, currently Jerome Powell. While not an FOMC meeting where central bank policy is communicated and interest rates are set, the speech has become an opportunity to define the Fed’s. comprehensive policy approach on a global stage to a far-reaching audience. Thus, it has become highly anticipated – arguably more so than past symposium speeches given the current historic rise in inflation globally, and particularly in the U.S. and Europe. Probably the overarching question traders are listening for Chair Powell to answer (he almost certainly will not come right out and say it) is whether the Fed will raise rates by 50 or 75 basis points when Federal Reserve members meet in September to consider monetary policy.
Ten Year Notes Daily Chart below ( click image for larger chart):
Ten year notes downside pressure. Close below 117.070 on an hourly basis cam trigger 116.060 pretty quick. My speculation.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-25-2022
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 here in 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 judgement in trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
07-13-2022
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 here in 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 judgement in trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
06-14-2022
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 here in 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 judgement in trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
05-18-2022
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 here in 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 judgement in trading.
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01-06-2022
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
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 here in 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 judgement in trading.
Dear Traders,
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
12.13.2021
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 here in 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 judgement in trading
Dear Futures Trader,
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
11-12-2021
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 here in 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 judgement in trading.
Dear Traders,
Who Trades Futures?
What Types of Traders are There?
What Makes Futures Trading Different?
How Does a Trade Work?
How Do I Get Started?
Futures Quiz
10-07-2021
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 here in 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 judgement in trading as well as options on futures.
Dear Traders,
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
7-05/06-2021
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
____________________________________________________________________
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
____________________________________________________________________
Dear Traders,
Good Trading
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Futures Trading Levels
07-18-2019
try free demo account
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 here in 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 judgement in trading.
By John Thorpe, Senior Broker
Over the course of the last 45 years, whether you own a small monopoly of commercial buildings or a condo on Oak street U.S.A. your investments are subjected to the actions of the Federal Reserve Bank.
The Federal Reserve Bank seeks to provide stability in the largest world economy through interest rate regulation. Its mandate is to use financial tools to satisfy two congressional mandates, 1: Full Employment and 2: Moderate Inflation to a 2% annualized rate; Move too far too fast in any direction with policy shifts and financial perils for all! may be in the offing. The economy could move too fast in the wrong direction or too fast in the right direction which can lead to an overheating and a bursting of an economic bubble. Look no further than Savings and Loan crisis in the 1980’s and 90’s, the Japanese housing market collapse in 1989 (Japan is currently still struggling with a zero interest rate environment 30 years later) the Dot Com bubble after Y2K and most recently , the housing market collapse, which began with the bankruptcy of Iceland, no one paid attention, then the bankruptcy of Ireland, again, no one paid attention, then the bankruptcy of Bear Stearns, some paid attention (what did any of these entities have to do with the value of our homes, we thought) then Lehman brothers collapsed in September of 2008 and everyone paid attention as our home prices collapsed.
Use Google, DuckDuckGo, Bing or any of your favorite search engines and type in
10 yr. correlation with mortgage rates
You will find search pages full of information about the importance of interest rate policy and its effect on mortgage rates, specifically the Fedfunds rate.
Whether you have a 30 yr fixed, a 15 yr fixed or a 5/1 ARM (usually capped after 5 years) you need to protect your largest investments by first understanding the tools available to the public to monitor these markets and second, knowing you can contact a professional to discuss the myriad of ways to hedge your real estate portfolio and be ready when you need to by utilizing the futures markets to protect your investments.
The hypothesis: Generally speakingand largely from region to region diversity, when interest rates go lower, home prices go higher. Lower interest rates lead to increases in the value of real assets. Mortgage rates are sensitive to changes in Fed Policy, the 10yr note being the reference financial instrument moves in response to market reactions to Fed policy shifts.
When interest rates go higher, a definite time lag exists in the long run may make home prices move lowerand real asset prices lower.
Watch futures market prices in the interest rate futures. Get comfortable watching the interest rate futures contracts.
I am by no means offering a pure hedge or even a short-term hedge in my analysis.
I believe what you will see and get a sense of the ebbs and flows of these markets from a visual perspective while you are learning about the base currency (US Dollar) valuation of real assets changing and thereby affecting not only the value of the real assets you hold but also the cost to maintain those assets. The interest rate futures markets give you the clearest picture of how policy equates to real rates for you, the mortgage holder. 10yr Note Futures prices and chart
Major trends that are a serious harbinger of future housing price changes are important to understand so you may act to preserve, maintain and profit from potential shifts in policy.
Between 2008 and 2012 during the last recession, a major fed policy tool used was a series of fed fund rate reductions (net effect is the cost of money becomes cheaper relative to real asset prices), these calculated moves lowered the interest rate on longer term debt obligations 10Yr. Note Futures Prices and Chart as well as all dollar denominated Treasuries.
As you can see, Mortgage rates, I mean the 10yr Treasury Note rates (Freudian slip, sorry), are still at or near all-time lows.
In Summary, Familiarizing yourself with the interrelationships among Mortgage rates, 10 year treasuries and fed fund policy shifts are an important starting point for a conversation with a professional about protecting your family’s biggest investment.
A Cannon Trading professional is available between 8:30am to 5:00pm Eastern to answer your questions Call Now
Disclaimer – Trading Futures, Options on Futuresand retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledgeand financial resources. You may lose all or more of your initial investment. Opinions, market dataand recommendations are subject to change at any time.
Futures Options Writing
Have you ever wondered who sells the futures options that most people buy? These people are known as the option writers/sellers. Their sole objective is to collect the premium paid by the option buyer. Option writing can also be used for hedging purposes and reducing risk. An option writer has the exact opposite to gain as the option buyer. The writer has unlimited risk and a limited profit potential, which is the premium of the option minus commissions. When writing naked futures options your risk is unlimited, without the use of stops. This is why we recommend exiting positions once a market trades through an area you perceived as strong support or resistance. So why would anyone want to write an option? Here are a few reasons:
https://www.cannontrading.com/tools/education-futures-options-trading-101
Cannon offers SPAN margins for options sellers.
Many brokers will restrict or increase the margins required for options sellers, or traders who like to “collect premium”, but here at Cannon we can find you the best set up utilizing the multiple clearing arrangements we have with more than a few FCMs.
How much margin is required to sell a futures option?
That is a question we get asked often. The exact number is an output of SPAN margins. SPAN deserves a post on its own, but what it stands for is: Standard Portfolio Analysis of Risk. The formula takes into consideration volatility, time value, distance of strike price from current underlying future, and more.
Outright options may be easier to “guesstimate” margin than more complex strategies and spreads, but our free platform, E-Futures Int’l (https://www.cannontrading.com/software/e-futures-international )has a margin calculator built in so you can calculate the margin you will need for different strategies.
Commission for selling options on futures?
Commissions will vary based on the following:
Are you trading online or with a broker?
Trading volume
Account size
Risk responsibility.
The rates for selling options will vary from as low as $0.25 per side + fees for HIGH VOLUME, institutional accounts to $30 per side + fees for retail, broker assisted accounts.
Selling options is NOT for newcomers as it involves higher risk than buying options.
However, selling options and trading option spreads may offer an edge if done with proper risk management. No guarantees are made here.
Our strength at Cannon is our ability to offer CUSTOMIZED trading solutions, so contact a broker at:
https://www.cannontrading.com/company/contact
and learn more about risks and opportunities in futures trading (https://www.cannontrading.com/riskopportunity), what software you can use, consult with a broker on margin, commissions and strategy questions and much more!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
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Good Trading
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Futures Trading Levels
06-03-2019
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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 here in 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 judgement in trading.
Hello Traders,
For 2014 I would like to wish all of you discipline and patience in your trading!
Time sure does tick a bit different in the commodities and futures world….
Some traders know time has passed quickly when it is time to change to the Dec. contract versus the Sept. contract, others may notice it when they think “wow, monthly unemployment is this Friday, time sure flies…” and still other traders, perhaps professionals and money managers notice it when one month ends and another starts and it is time to share monthly results with their clients…..
Either way you look at it, hope October will be a great trading month!
Today I noticed a couple of market behaviors I have noticed in the past and wanted to share with you.
The first is us Bonds trading behavior on the last trading day of the month on the last 15 minutes of the old pit session, i.e. 13:45 to 14:00 central time.
While I did not spend any time trying to predict the direction of the move, I seen it many times, the bonds will make a 10-15 ticks ( 15 tick in bonds = $500 per contract) move during the last 15 minutes as large traders position themselves ahead of months close.
Below is a 15 minute chart of Bonds from today….notice the very tight range all day long until the last 15 minutes….if you go back to the last trading day of the month, you will notice this pattern more often than not. Of course, I leave the important work to you…and that is which way and how can one try to take advantage of it….PS: My trade system below missed entering the short by 1 tick )-:
Custom USA – 30Yr US Treasury Bonds (Globex), Equalized Active 15Min Continuation
The second pattern for you to investigate if interested is the behavior of crude oil futures around “round numbers”. Today was obviously a HUGE move in crude ( down over $3 or $3000 per contract or 3.5%) but notice the 10 seconds chart I am sharing with ( yes, seconds, not minutes…) of what happened when crude broke below 93.00 and 92.00 today…..Once again, the million dollar question, how and can you take advantage of it? Obviously in this case it seems like there were MANY sell stops placed right below the round numbers which resulted in another accelerated move to the down side.
Crude breaking below $93.00
CLE – Crude Light (Globex), Equalized Active Continuation, Primary Session, 10Sec
Crude breaking below $92.00
CLE – Crude Light (Globex), Equalized Active Continuation, Primary Session, 10Sec
GOOD TRADING !
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.
If you like Our Futures Trading Daily Support and Resistance Levels, Please share!
Futures Trading Levels
| Contract Dec. 2014 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 1992.25 | 4104.58 | 17169 | 1133.17 | 87.09 |
| Resistance 2 | 1985.25 | 4084.67 | 17116 | 1125.43 | 86.71 |
| Resistance 1 | 1975.00 | 4064.08 | 17038 | 1110.97 | 86.37 |
| Pivot | 1968.00 | 4044.17 | 16985 | 1103.23 | 86.00 |
| Support 1 | 1957.75 | 4023.58 | 16907 | 1088.77 | 85.66 |
| Support 2 | 1950.75 | 4003.67 | 16854 | 1081.03 | 85.28 |
| Support 3 | 1940.50 | 3983.08 | 16776 | 1066.57 | 84.94 |
| Contract | December Gold | Dec.Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1235.0 | 18.19 | 97.97 | 139 2/32 | 1.2837 |
| Resistance 2 | 1227.9 | 17.88 | 96.44 | 138 25/32 | 1.2773 |
| Resistance 1 | 1218.6 | 17.46 | 93.93 | 138 13/32 | 1.2705 |
| Pivot | 1211.5 | 17.16 | 92.40 | 138 4/32 | 1.2641 |
| Support 1 | 1202.2 | 16.74 | 89.89 | 137 24/32 | 1.2573 |
| Support 2 | 1195.1 | 16.43 | 88.36 | 137 15/32 | 1.2509 |
| Support 3 | 1185.8 | 16.01 | 85.85 | 137 3/32 | 1.2441 |
| Contract | Dec Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 329.2 | 490.0 | 944.17 | 311.30 | 33.25 |
| Resistance 2 | 327.1 | 484.3 | 937.08 | 308.30 | 33.02 |
| Resistance 1 | 323.9 | 481.0 | 925.17 | 303.60 | 32.70 |
| Pivot | 321.8 | 475.3 | 918.08 | 300.60 | 32.47 |
| Support 1 | 318.7 | 472.0 | 906.2 | 295.9 | 32.1 |
| Support 2 | 316.6 | 466.3 | 899.08 | 292.90 | 31.92 |
| Support 3 | 313.4 | 463.0 | 887.17 | 288.20 | 31.60 |
| Date | 10:18am | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedOct 1 | 3:15am | EUR | Spanish Manufacturing PMI | 52.6 | 52.3 | 52.8 | |||
| 3:45am | EUR | Italian Manufacturing PMI | 50.7 | 49.4 | 49.8 | ||||
| 4:00am | EUR | Final Manufacturing PMI | 50.3 | 50.5 | 50.5 | ||||
| 5:33am | EUR | German 10-y Bond Auction | 0.93|1.1 | 1.05|1.4 | |||||
| 8:15am | USD | ADP Non-Farm Employment Change | 213K | 207K | 202K | ||||
| 9:45am | USD | Final Manufacturing PMI | 57.5 | 58.0 | 57.9 | ||||
| 10:00am | USD | ISM Manufacturing PMI | 56.6 | 58.6 | 59.0 | ||||
| USD | Construction Spending m/m | -0.8% | 0.5% | 1.2% | |||||
| USD | ISM Manufacturing Prices | 59.5 | 56.8 | 58.0 | |||||
| 10:30am | USD | Crude Oil Inventories | 0.6M | -4.3M | |||||
| All Day | USD | Total Vehicle Sales | 16.9M | 17.5M |
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 here in 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.
Hello Traders,
For 2014 I would like to wish all of you discipline and patience in your trading!
As I do from time to time, I like to share resources I feel are worthy of exploring, such is the one below by www.factset.com :
Overview:
Fed angst finds some reprieve:
Geopolitical concerns spill over to corporate level:
Q2 earnings and revenue growth rates continue to push higher:
Looking for tipping points:
More strategic M&A, corporate actions:
Energy lags, telecom holds up the best:
Sector Performance (vs S&P 500):
FactSet StreetAccount provides financial professionals with real-time, equity market intelligence. Request a free trial at solutions.factset.com/sa_trial.
GOOD TRADING !
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.
If you like Our Futures Trading Daily Support and Resistance Levels, Please share!
Futures Trading Levels
| Contract Sept. 2014 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 1964.50 | 3968.08 | 16704 | 1147.10 | 81.55 |
| Resistance 2 | 1951.00 | 3941.92 | 16616 | 1135.00 | 81.51 |
| Resistance 1 | 1941.75 | 3919.58 | 16554 | 1127.60 | 81.45 |
| Pivot | 1928.25 | 3893.42 | 16466 | 1115.50 | 81.41 |
| Support 1 | 1919.00 | 3871.08 | 16404 | 1108.10 | 81.35 |
| Support 2 | 1905.50 | 3844.92 | 16316 | 1096.00 | 81.31 |
| Support 3 | 1896.25 | 3822.58 | 16254 | 1088.60 | 81.25 |
| Contract | December Gold | Sept.Silver | Sept. Crude Oil | September Bonds | Sept. Euro |
| Resistance 3 | 1304.3 | 2070.7 | 100.18 | 138 27/32 | 1.3456 |
| Resistance 2 | 1300.3 | 2059.3 | 99.43 | 138 22/32 | 1.3445 |
| Resistance 1 | 1294.9 | 2039.7 | 98.94 | 138 13/32 | 1.3434 |
| Pivot | 1290.9 | 2028.3 | 98.19 | 138 8/32 | 1.3423 |
| Support 1 | 1285.5 | 2008.7 | 97.70 | 137 31/32 | 1.3412 |
| Support 2 | 1281.5 | 1997.3 | 96.95 | 137 26/32 | 1.3401 |
| Support 3 | 1276.1 | 1977.7 | 96.46 | 137 17/32 | 1.3390 |
| Contract | Dec Corn | Sept. Wheat | Nov. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 375.1 | 557.8 | 1091.33 | 362.00 | 37.20 |
| Resistance 2 | 372.4 | 554.7 | 1085.67 | 356.20 | 36.82 |
| Resistance 1 | 370.8 | 549.3 | 1082.58 | 352.00 | 36.61 |
| Pivot | 368.2 | 546.2 | 1076.92 | 346.20 | 36.23 |
| Support 1 | 366.6 | 540.8 | 1073.8 | 342.0 | 36.0 |
| Support 2 | 363.9 | 537.7 | 1068.17 | 336.20 | 35.64 |
| Support 3 | 362.3 | 532.3 | 1065.08 | 332.00 | 35.43 |
| Date | 11:44am | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueAug 5 | 3:15am | EUR | Spanish Services PMI | 55.1 | 54.8 | ||||
| 3:45am | EUR | Italian Services PMI | 53.2 | 53.9 | |||||
| 4:00am | EUR | Final Services PMI | 54.4 | 54.4 | |||||
| 5:00am | EUR | Retail Sales m/m | 0.4% | 0.0% | |||||
| 9:45am | USD | Final Services PMI | 61.0 | 61.0 | |||||
| 10:00am | USD | ISM Non-Manufacturing PMI | 56.6 | 56.0 | |||||
| USD | Factory Orders m/m | 0.6% | -0.5% | ||||||
| USD | IBD/TIPP Economic Optimism | 46.2 | 45.6 |
Source: http://www.factset.com/insight/2014/7/sa_weekly_recap_8.1.14#.U-CdVaNVUXg
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 here in 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.
Hello Traders,
For 2014 I would like to wish all of you discipline and patience in your trading!
I have noticed many times in the past that the “real direction to FOMC announcements, will usually come the following day”. Today was a perfect example of it…..
Last time we had a meaningful correction in the SP500 was April 4th. The correction lasted 10 days and measured 90 SP points from peak to valley 1885 to 1795 as you can see in the chart below ( sounds like I am talking about earthquakes….).If symmetry decides to give us a similar reaction we can see 1896 as the next target. In between we have a support zone at 1913 – 1918 first.
Daily chart of the Sept. mini SP 500 with the different levels for your review below:
EP – E-Mini S&P 500 Equalized Active Daily Continuation
If you like the information we share? We would appreciate your positive reviews on our new yelp!!
GOOD TRADING !
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.
If you like Our Futures Trading Daily Support and Resistance Levels, Please share!
Futures Trading Levels
| Contract Sept. 2014 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 1996.50 | 4038.75 | 17074 | 1164.70 | 81.84 |
| Resistance 2 | 1981.00 | 4004.50 | 16948 | 1154.10 | 81.75 |
| Resistance 1 | 1954.50 | 3950.25 | 16740 | 1136.00 | 81.65 |
| Pivot | 1939.00 | 3916.00 | 16614 | 1125.40 | 81.56 |
| Support 1 | 1912.50 | 3861.75 | 16406 | 1107.30 | 81.45 |
| Support 2 | 1897.00 | 3827.50 | 16280 | 1096.70 | 81.36 |
| Support 3 | 1870.50 | 3773.25 | 16072 | 1078.60 | 81.26 |
| Contract | December Gold | Sept.Silver | Sept. Crude Oil | September Bonds | Sept. Euro |
| Resistance 3 | 1311.8 | 2107.0 | 101.26 | 139 6/32 | 1.3434 |
| Resistance 2 | 1305.3 | 2092.5 | 100.56 | 138 15/32 | 1.3419 |
| Resistance 1 | 1294.3 | 2066.0 | 99.29 | 137 28/32 | 1.3404 |
| Pivot | 1287.8 | 2051.5 | 98.59 | 137 5/32 | 1.3389 |
| Support 1 | 1276.8 | 2025.0 | 97.32 | 136 18/32 | 1.3374 |
| Support 2 | 1270.3 | 2010.5 | 96.62 | 135 27/32 | 1.3359 |
| Support 3 | 1259.3 | 1984.0 | 95.35 | 135 8/32 | 1.3344 |
| Contract | Dec Corn | Sept. Wheat | Nov. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 374.4 | 531.9 | 1096.00 | 356.43 | 36.99 |
| Resistance 2 | 372.8 | 531.1 | 1091.00 | 353.87 | 36.84 |
| Resistance 1 | 369.9 | 530.7 | 1086.50 | 351.33 | 36.62 |
| Pivot | 368.3 | 529.8 | 1081.50 | 348.77 | 36.47 |
| Support 1 | 365.4 | 529.4 | 1077.0 | 346.2 | 36.3 |
| Support 2 | 363.8 | 528.6 | 1072.00 | 343.67 | 36.10 |
| Support 3 | 360.9 | 528.2 | 1067.50 | 341.13 | 35.88 |
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 here in 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.
Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday October 19, 2012
Hello Traders,
I was talking to a client of mine about “other markets to trade other than the mini SP” and we were chatting on how the mini SP market has many institutions and large size traders which sometimes make it harder to get filled on limit orders. Not just that, the mini SP500 simply has a different “personality” than most other markets…Don’t get me wrong, I like the mini SP a lot because it CAN handle volume. If you are looking at other markets, than the mini Nasdaq 100 might be another stock index to look at.
When it comes to crude oil, I just found out today that BRENT CRUDE which trades on ICE Europe actually has higher volume…..
Just some food for thought and “knowledge sharing”
Chart of BRENT CRUDE OIL ( “north sea crude” ) below for your review:
If you would like to have a trial of the above charting software visit:
https://www.cannontrading.com/software/transact-at
GOOD TRADING!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
| Contract Dec. 2012 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1470.07 | 2804.67 | 13592 | 847.53 | 478.93 |
| Resistance 2 | 1464.78 | 2787.33 | 13558 | 844.57 | 472.37 |
| Resistance 1 | 1458.27 | 2761.67 | 13522 | 838.53 | 467.83 |
| Pivot | 1452.98 | 2744.33 | 13488 | 835.57 | 461.27 |
| Support 1 | 1446.47 | 2718.67 | 13452 | 829.53 | 456.73 |
| Support 2 | 1441.18 | 2701.33 | 13418 | 826.57 | 450.17 |
| Support 3 | 1434.67 | 2675.67 | 13382 | 820.53 | 445.63 |
| Contract | Dec Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1765.1 | 3379.2 | 94.76 | 148 2/32 | 1.3195 |
| Resistance 2 | 1759.2 | 3355.8 | 93.67 | 147 21/32 | 1.3166 |
| Resistance 1 | 1750.7 | 3317.2 | 92.83 | 147 | 1.3121 |
| Pivot | 1744.8 | 3293.8 | 91.74 | 146 19/32 | 1.3092 |
| Support 1 | 1736.3 | 3255.2 | 90.90 | 145 30/32 | 1.3047 |
| Support 2 | 1730.4 | 3231.8 | 89.81 | 145 17/32 | 1.3018 |
| Support 3 | 1721.9 | 3193.2 | 88.97 | 144 28/32 | 1.2973 |
| Contract | Dec. Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 775.1 | 882.3 | 1572.67 | 478.93 | 53.53 |
| Resistance 2 | 768.4 | 878.2 | 1559.83 | 472.37 | 52.94 |
| Resistance 1 | 764.6 | 873.3 | 1552.67 | 467.83 | 52.62 |
| Pivot | 757.9 | 869.2 | 1539.83 | 461.27 | 52.03 |
| Support 1 | 754.1 | 864.3 | 1532.7 | 456.7 | 51.7 |
| Support 2 | 747.4 | 860.2 | 1519.83 | 450.17 | 51.12 |
| Support 3 | 743.6 | 855.3 | 1512.67 | 445.63 | 50.80 |
| Date | 3:55pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Fri
Oct 19
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2:00am | EUR |
German PPI m/m
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0.3% | 0.5% | ||||
| 4:00am | EUR |
Current Account
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11.3B | 9.7B | |||||
| Day 2 | EUR |
EU Economic Summit
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| 10:00am | USD |
Existing Home Sales
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4.73M | 4.82M |
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
In this post: 1. Market Commentary 2. Support and Resistance Levels 3. Daily Mini Mini S&P 500 Futures Chart 
Tremendous volatility across the markets today with some news out of Europe moving most markets much higher. As far as the daily chart, I am now confused again….I got tempted on the short side and got burnt very quickly today….Once again there is a CASE for both sides, bulls and the bears and the potential for a BIG MOVE EITHER WAY is greater than normal as we are sitting on important price levels in the SP500, which has been the leader for the rest of the markets as of the last few weeks. Fast and furious moves like we have seen today encourage me to revisit the point of using AUTO stops when day trading. Many traders will disagree with me but I have seen the markets make such fast moves that by the time one decides where and when to place a stop…the market already made a very powerful move against you. I think that as a day trader who is looking to only make a few ticks on the trade, you should decide on the appropriate worst case scenario stop ( measured in ticks or $$) and use your trading software to place these stops and/ or targets as soon as you enter your position. Most of our trading platforms have that feature and your broker will be more than happy to review it with you. GOOD TRADING!
| Contract (Dec. 2011) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1282.90 | 2455.83 | 12028 | 754.53 |
| Resistance 2 | 1256.45 | 2413.67 | 11809 | 732.97 |
| Resistance 1 | 1239.10 | 2389.08 | 11657 | 719.93 |
| Pivot | 1212.65 | 2346.92 | 11438 | 698.37 |
| Support 1 | 1195.30 | 2322.33 | 11286 | 685.33 |
| Support 2 | 1168.85 | 2280.17 | 11067 | 663.77 |
| Support 3 | 1151.50 | 2255.58 | 10915 | 650.73 |
| Contract | Dec. Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance 3 | 1703.0 | 1.4001 | 93.17 | 141 6/32 |
| Resistance 2 | 1680.9 | 1.3906 | 91.10 | 140 28/32 |
| Resistance 1 | 1672.4 | 1.3835 | 89.69 | 140 3/32 |
| Pivot | 1650.3 | 1.3740 | 87.62 | 139 25/32 |
| Support 1 | 1641.8 | 1.3669 | 86.21 | 139 |
| Support 2 | 1619.7 | 1.3574 | 84.14 | 138 22/32 |
| Support 3 | 1611.2 | 1.3503 | 82.73 | 137 29/32 |
As far as the mini SP daily chart below, we are in a WIDE range. 1185.50 ( today’s lows) and 1231 Sunday night high), maybe even bit wider if we look at the FIB levels, 1177 to 1242. I think that once the market breaks one way or another with follow through volume, we can see a significant move in that direction. 
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily S&P 500 Futures Chart
4. Economic Reports
I am back talking about the gaps and the PIT session SP500 as I have been for the last few days.
We closed the gap at 1159 going down today and a look at hourly chart suggest that the short term gaps are all filled. Bit oversold on the downside but overall my indicators suggest short to medium term further downside pressure – however the market will need to take out 1070 before we can see another leg down, until then we should see volatility both ways.
GOOD TRADING!
| Contract (Dec. 2011) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1203.77 | 2319.75 | 11468 | 711.07 |
| Resistance 2 | 1191.53 | 2297.75 | 11355 | 698.23 |
| Resistance 1 | 1168.27 | 2256.00 | 11145 | 674.37 |
| Pivot | 1156.03 | 2234.00 | 11032 | 661.53 |
| Support 1 | 1132.77 | 2192.25 | 10822 | 637.67 |
| Support 2 | 1120.53 | 2170.25 | 10709 | 624.83 |
| Support 3 | 1097.27 | 2128.50 | 10499 | 600.97 |
| Contract | Dec. Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance 3 | 1684.0 | 1.3800 | 87.47 | 143 21/32 |
| Resistance 2 | 1671.5 | 1.3742 | 86.05 | 142 20/32 |
| Resistance 1 | 1639.1 | 1.3641 | 83.39 | 141 28/32 |
| Pivot | 1626.6 | 1.3583 | 81.97 | 140 27/32 |
| Support 1 | 1594.2 | 1.3482 | 79.31 | 140 3/32 |
| Support 2 | 1581.7 | 1.3424 | 77.89 | 139 2/32 |
| Support 3 | 1549.3 | 1.3323 | 75.23 | 138 10/32 |
Would you like to have access to my DIAMOND ALGO as shown above and be able to apply for any market and any time frame?
If so, please send me an email with the following information:
Unemployment Claims
8:30am
Final GDP q/q
8:30am
Final GDP Price Index q/q
8:30am
Pending Home Sales m/m
10:00am
Natural Gas Storage
10:30am
Economics Report Source: http://www.forexfactory.com/calendar.php
Cannon Trading / E-Futures.com
Good reading/Articles in our weekly newsletter about trading psychology. I recommend reading to further your trading education.
GOOD TRADING!
ADP Non-Farm Employment Change
8:15am USD
Unemployment Claims
8:30am USD
Natural Gas Storage
10:30am USD
Crude Oil Inventories
11:00am USD
Economics Report Source: http://www.forexfactory.com/calendar.php
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!
Cannon Trading / E-Futures.com
Please note that we are now trading September indices as well as September currencies.
Make sure you DO NOT HOLD ANY JUNE CURRENCIES in your account.
Should you have any further questions please contact your futures broker.
GOOD TRADING!
Import Prices m/m
8:30am USD
G8 Meetings
All Day ALL
Federal Budget Balance
2:00pm USD
Economics Report Source: http://www.forexfactory.com/calendar.php
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!
We are now trading MARCH contracts for all e-minis, stock indices, financials and CURRENCIES.
I think next week we should see some volatility with economic reports due along with FOMC. Please see next reports below.
I think the following quote is so appropriate in our business….
“One cannot do anything about yesterday”
Wishing you a great weekend.
GOOD TRADING!
Trading Levels
Economics Report Source: http://www.forexfactory.com/calendar.php
— All reports are EST time
Treasury Currency Report
Tentative USD
Core Retail Sales m/m
8:30am USD
PPI m/m
8:30am USD
Retail Sales m/m
8:30am USD
Core PPI m/m
8:30am USD
Business Inventories m/m
10:00am USD
FOMC Statement
2:15pm USD
Federal Funds Rate
2:15pm USD
Core CPI m/m
8:30am USD
CPI m/m
8:30am USD
Empire State Manufacturing Index
8:30am USD
TIC Long-Term Purchases
9:00am USD
Capacity Utilization Rate
9:15am USD
Industrial Production m/m
9:15am USD
NAHB Housing Market Index
10:00am USD
Crude Oil Inventories
10:30am USD
Building Permits
8:30am USD
Unemployment Claims
8:30am USD
Current Account
8:30am USD
Housing Starts
8:30am USD
Philly Fed Manufacturing Index
10:00am USD
Natural Gas Storage
10:30am USD
CB Leading Index m/m
10:00am USD
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, 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!
Hope everyone had a nice Thanksgiving weekend and are ready for trading the rest of the week and upcoming December.
Since I have nothing of importance to share trading wise, I would like to share couple of trading quotes I saw today and liked:
“Continually strive for patience, perseverance, determination, and rational action.”
“Successful traders set profit objectives for each trade they enter.”
You may agree or disagree but thought these two quotes were worth sharing!
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
Tuesday, November 30th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
S&P/CS Composite-20 HPI y/y
9:00am USD
Chicago PMI
9:45am USD
CB Consumer Confidence
10:00am USD
Fed Chairman Bernanke Speaks
3:00pm USD
Treasury Currency Report
Tentative USD
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, 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!
All futures markets will be open as normal tomorrow, however banks will closed due to Veterans day and we will NOT have any economic reports.
Daily mini SP 500 chart with possible support/resistance levels for your review 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
Thursday, November 11th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
US Holiday: Veterans Day
Stocks and Futures Markets Open
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, 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!
Wishing you a great trading month in November. Big week ahead with elections, FOMC and more.
Enjoy the weekend.
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
Monday, November 1st 2010 – http://mam.econoday.com/byweek.asp?cust=mam
Personal Income and Outlays
8:30 AM ET
ISM Mfg Index
10:00 AM ET
Construction Spending
10:00 AM ET
4-Week Bill Announcement
11:00 AM ET
10-Yr TIPS Announcement
11:00 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 AM ET
Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. 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!
Our Weekly Newsletter is Ready for Your Review at:
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https://www.cannontrading.com/community/newsletter/
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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
Thursday, October 28th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
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:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. 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!
Weekly chart of the mini Russell 2000 for your review 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
Tuesday, October 26th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
ICSC-Goldman Store Sales
[Bullet7:45 AM ET
Redbook
[Bullet8:55 AM ET
S&P Case-Shiller HPI
[djStar]9:00 AM ET
Consumer Confidence
[Report][djStar]10:00 AM ET
FHFA House Price Index
[Bullet10:00 AM ET
State Street Investor Confidence Index
[Bullet10:00 AM ET
4-Week Bill Auction
[Bullet11:30 AM ET
2-Yr Note Auction
[Bullet1:00 PM ET
Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. 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!
Not an easy market to read right now in my opinion.
It is showing signs like it would like to visit some lower levels, yet there is enough buying interest to keep it above 1127.
This Friday monthly unemployment levels will be watched closely.
If the market breaks below 1127, it has a chance of picking some more speed to the downside.
On the flip side, bulls will need to see new highs in order to get back in control of price action.
Daily chart with some price levels to watch for your review below:
Commodity Futures Trading Charts
GOOD TRADING!
Futures 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
Tuesday, October 5th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. 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!
1-800-454-9572
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