Commissions Margins Open an Account 1-800-454-9572 Contact Us
1-800-454-9572 Contact Us Open an Account

Newsletters

Weekly Newsletters, Futures Trading Tips & Insight, Commodity Trading Educational Resources & Much More.

  • Weekly Newsletter: May Crude Oil on the Move? & Trading Levels for April 15th

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

    Cannon Futures Weekly Letter Issue # 1189

    In this issue:
    •  Important Notices – Earnings, Gold all time Highs & More
    • Trading Resource of the Week – Trading Videos
    • Hot Market of the Week – May Crude Oil
    • Broker’s Trading System of the Week – NQ Swing System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Important Notices –

      • Earnings Tues- JNJ,BAC ,Morgan Stanley MS, Wed. -ABT, Thu.- AXP, NFLX
      • Econ Data  Mon- Retail Sales , Tues Housing Starts, Bldg Permits , Thu. Jobless claims, Existing home sales..
      • quiet on the fed speaker front
      • No Congressional action to speak of
      • The U.S. dollar index this morning forged another higher high and reached the highest level since early November.
      • With the June gold futures contract breaking a string of new all-time highs (eight straight days) yesterday, the market is facing the first definitive corrective environment since the middle of last month.
      • The bearish sentiment in financial futures (30-yr. T-bond, 10-yr. T-note) is escalating dramatically and could become overdone soon with some chatter in the market suggesting there might not be a single rate cuts this year.
      • Crude oil may see support this week from renewed talk of an imminent Iranian retaliation (as per U.S. officials) for the Israeli attack in Syria. U.S. officials have openly suggested Iranian retaliation against Israel is likely soon. Fears of disrupted supply remain front and center.

     

     

     

     

    Trading Resource of the Week: Trading Videos, Instant Viewing

    Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.
    ·    Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
    ·    Some common uses you can make of support and resistance levels.
    ·    Filter out the noise with range bar charts
    ·    “Price Confirmation”

     

     

    • Hot Market of the Week – May Crude Oil
    Hot market of the week 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.
    The March 20th Chart of the Day highlighted May crude oil had completed its first upside PriceCount objective. Now, the chart is consolidating after satisfying its second upside PriceCount objective. A this point, IF the chart can sustain further gains, the third count would project a possible run to the 94.82 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Swing
    COST
    USD 299 / monthly
    Recommended Cannon Trading Starting Capital
    $75,000
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    Daily Levels for April 15th 2024

    Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    Improve Your Trading Skills

    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.

  • Choppy Markets Today, (Tomorrow?) Ahead of CPI + Futures Trading Levels for 04.09.2024

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

     

     

    Markets Heat up MidWeek

    by John Thorpe, Senior Broker

     

    CPI Report Wednesday

    The CPI report for March 2024 will be released by the Bureau of Labor Statistics on Monday at 7:30 a.m. CDT. As of February’s CPI report, annual inflation is 3.2%, or 3.8% excluding food and energy. That data compares with the FOMC’s annual inflation target of 2%.

    What To Expect

    These data set move the Equity, Bond, Metals and currency markets the most as the market drivers are directly related to what the FED will do next with Interest rates this summer. Provided inflation comes at a monthly rate close to 0.3% or lower for March, that should be sufficient for the FOMC to keep its plan to start cutting interest rates this summer. If the report shows a 0.4% monthly increase or greater, that would be a concern. It would suggest relatively high inflation readings seen in January, and to a lesser extent in February, are perhaps more of a trend. Here is your BLS CPI Data center https://www.bls.gov/cpi/

    Monthly inflation at or below 0.2% would generally be considered positive news, perhaps giving more conviction to rate cutting plans. Still the CPI release is just one data point that the Fed will use to assess how inflation is trending. The FOMC will also keep a close eye on the jobs market, which so far has been strong enough to enable the Fed to be patient in considering interest rate cuts. A slowdown in job growth might matter for the Fed’s plans as much as upcoming inflation data releases.

     

     

     

     

     

    Daily Levels for April 9th, 2024

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    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.

  • NFP Tomorrow + Futures Trading Levels for 04.05.2024

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

     

     

    • NonFarm Payrolls, NFP one of the biggest data points every month tomorrow @ 7:30CDT
    • Expectations are 200K added ( the market pays attention to the revisions equally)
    • Manage your capital well, take on less risk than you would during normal time frames.
    • 4 FED Speakers tomorrow Beginning @ 7:30AM CDT.

     

    May Copper chart for your review below.

     

     

     

     

     

    Daily Levels for April 5th, 2024

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    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.

  • First Notice, Last Trading Days + Futures Trading Levels for 04.04.2024

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

     

     

     

    Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month. Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day. If you have any questions please contact the Trade Desk

     

    US 30 yr Bonds chart for your review below.

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for April 4th, 2024

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    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.

  • OPEC Meeting + Futures Trading Levels for April 3rd

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

     

     

     

    OPEC Meeting tomorrow

    • OPEC+ JMMC meets on Wednesday at 1100 GMT
    • Producers earlier agreed to extend output cuts
    • Oil rallies to $89 a barrel, highest this year

    LONDON, April 2 (Reuters) – An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday, five OPEC+ sources told Reuters, as oil prices hit their highest this year.

    The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, will hold an online joint ministerial monitoring committee meeting (JMMC) on April 3 to review the market and members’ implementation of output cuts they have already agreed to extend.

    Gold hit all time highs!

    Gold chart for your review below.

     

     

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for April 3rd, 2024

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    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.

  • Markets are closed tomorrow! Futures Trading Levels for April 1st

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

     

     

     

    Markets are Closed Tomorrow!

     

     

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for March 28th, 2024

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    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.

  • Weekly Hueber Report: Now is it time to worry? Trading Levels for March 27th

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

     

     

     

    The Following is analysis from Dan Hueber. You can find his analysis on Our QT Market Trading platform

     

    Weekly Hueber Report: Now is it time to worry?

     

    According to the Federal l Reserve Bank of New York, household debt in the United States grew by $212 billion to reach $17.5 trillion in the fourth quarter of last year. The lion’s share of this debt is wrapped up in mortgages and home equity lines of credit, which grew $112 billion during the quarter and reached $12.25 trillion. Auto loans rose $12 billion to $1.61 trillion, and student loans were flat at around $1.6 trillion, but the most significant percentage growth came via credit cards, which jumped $50 billion to $1.13 trillion.

     

    Do keep in mind that as the overall population continues to grow, it is only natural for debt to expand along with it. Still, when you add in the fact that savings went backward during that same period, it would appear that the American consumer is increasingly relying on debt to meet day-to-day needs and wants. I should point out that savings balances have not slipped to as low as they were during the second quarter of 2022 and remain relatively consistent with the period between 2010 and 2018. However, both the amount being tucked away and the personal savings rate have been trending lower again.

    There is one more telling chart that we need to throw into the mix—the delinquency rate on credit cards. While nowhere near the nearly 7% level witnessed during the Great Recession or even the averages seen throughout much of the 1990s, it has been climbing steadily for the past two years and has risen to the highest level since the second quarter of 2011.

    Granted, not all of this news has been bleak, at least not if you are in the banking sector. Last year, they reported an estimated $92 billion in earnings, and this after taking into account funding costs and loan losses. This is more than double what they were earning from credit cards a decade ago. As the old proverb says, one man’s poison is another man’s pleasure. While there are a number of other elements that factor into this, it should come as no surprise that recent surveys find that 41% of Americans believe they are worse off than four years ago. In case you were wondering, 24% say they are better off, and 34% said they were about the same. That still leaves the majority of people thinking that at least they have been holding their own, but these debt trends would appear to suggest that number may shrink in the months ahead.

    **The views expressed above are entirely those of the author.

    DH

     

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for March 27th, 2024

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    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.

  • Weekly Newsletter: Understanding Margins, May Bean Meal Outlook and Automated NQ System

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

    Cannon Futures Weekly Letter Issue # 1186

    In this issue:
    •  Important Notices – Good Friday Trading Schedule
    • Trading Resource of the Week – Understanding Margins
    • Hot Market of the Week – May Bean Meal
    • Broker’s Trading System of the Week – NQ Intraday System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Important Notices –

    • 4 Day Trading week, All Mkts closed Good Friday (MKTS closed from Thursday afternoon until Sunday Afternoon)
    • 6 Data releases: New home sales, Durable Goods, Consumer Confidence, GDP (Q4 final), Jobless Claims, Chicago PMI
    • Grain traders! Big Prospective plantings report Thursday Morning.
    • Night Traders, WATCHOUT for volatility Wednesday and Sunday. Fed Speaker Waller: Econ. Outlook 6PM EDT. Jerome Powell Friday Morning 11:30 EDT @SF Monetary Policy Conference.

     

     

     

    Trading Resource of the Week : Understanding Margins by CMEgroup.com

    Understanding Margin

    Securities margin is the money you borrow as a partial down payment, up to 50% of the purchase price, to buy and own a stock, bond, or ETF. This practice is often referred to as buying on margin.
    Futures margin is the amount of money that you must deposit and keep on hand with your broker when you open a futures position. It is not a down payment and you do not own the underlying commodity.
    Futures margin generally represents a smaller percentage of the notional value of the contract, typically 3-12% per futures contract as opposed to up to 50% of the face value of securities purchased on margin.

    Margins Move with the Markets

    When markets are changing rapidly and daily price moves become more volatile, market conditions and the clearinghouses’ margin methodology may result in higher margin requirements to account for increased risk.
    When market conditions and the margin methodology warrant, margin requirements may be reduced.

    Types of Futures Margin

    Initial margin is the amount of funds required by CME Clearing to initiate a futures position. While CME Clearing sets the margin amount, your broker may be required to collect additional funds for deposit.
    Maintenance margin is the minimum amount that must be maintained at any given time in your account.
    If the funds in your account drop below the maintenance margin level, a few things can happen:
    • You may receive a margin call where you will be required to add more funds immediately to bring the account back up to the initial margin level.
    • If you do not or can not meet the margin call, you may be able to reduce your position in accordance with the amount of funds remaining in your account.
    • Your position may be liquidated automatically once it drops below the maintenance margin level.

    Summary

    Futures margin is the amount of money that you must deposit and keep on hand with your broker when you open a futures position. It is not a down payment, and you do not own the underlying commodity.
    The term margin is used across multiple financial markets. However, there is difference between securities margins and futures margins. Understanding these differences is essential, prior to trading futures contracts.

     

     

    • Hot Market of the Week – May Bean Meal
    Hot market of the week 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.
    May Bean Meal
    May meal satisfied its first upside PriceCount objective and is correcting lower. At this point, IF the chart can resume its rally with new sustained highs, the second count would project a possible run to the 356.5 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    Mini NASDAQ 100
    SYSTEM TYPE
    Intraday
    COST
    USD 55 / monthly
    Recommended Cannon Trading Starting Capital
    $20,000
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    Daily Levels for March 25th 2024

    Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    Improve Your Trading Skills

    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.

  • Weekly Newsletter: Understanding Price Banding, May Bean Oil Outlook and Automated Gold System

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

    Cannon Futures Weekly Letter Issue # 1186

    In this issue:
    •  Important Notices – FOMC Next Week
    • Trading Resource of the Week – Understanding Price Limits and Banding
    • Hot Market of the Week – May Bean Oil
    • Broker’s Trading System of the Week – Gold Swing System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Important Notices –

    • FOMC Meeting next week. Announcement on Wednesday.
    • Light data most of the week. Housing sales
    • Very few earnings
    • June is front month for indices, currencies and financials.: M = June
    • USA is on daylight savings time – most international countries have NOT changed yet.

     

     

    Trading Resource of the Week : What are Price Limits and Price Banding? by CMEgroup.com

    As a trader, you want to know that there are mechanisms in place to ensure an orderly market. A regulated marketplace like CME Group provides this order by setting price limits and price banding.
    Price Limits
    Price limits are the maximum price range permitted for a futures contract in each trading session. These price limits are measured in ticks and vary from product to product. When markets hit the price limit, different actions occur depending on the product being traded. Some markets may temporarily halt until price limits can be expanded or trading may be stopped for the day based on regulatory rules. Different futures contracts will have different price limit rules; i.e. Equity Index futures have different rules than Agricultural futures.
    Example
    Equity Indexes futures have a three level expansion: 7%, 13% and 20% to the downside, and a 7% limit up and down in overnight trading.
    When price reaches any of those levels the market will go limit up or limit down.
    Calculating Price Limits
    Price limits are re-calculated daily and remain in effect for all trading days except in certain physically-deliverable markets, where price limits are lifted prior to expiration so that futures prices are not prevented from converging on prices for the underlying commodity.
    Typically, Agricultural futures will go limit up or down most often compared to Equity Index futures which very rarely if ever go limit up or down. When trading a specific product, it is important to be aware of price limits and the mechanisms that occur when limits are hit. Traders also know that it is possible for limits to be reached for more than one session in a row, however the expansion of limit thresholds over the last few years have reduced this occurrence.
    Price Banding
    Price banding is a similar mechanism which subjects all orders to price validation and rejects orders outside the given band to maintain orderly markets. Bands are calculated dynamically for each product based on the last price, plus or minus a fixed band value. Thus, if markets quickly move in one direction, the price bands dynamically adjust to accommodate new trading ranges.
    Conclusion
    The rules for each market can be found on cmegroup.com.
    It is important to note that traders can place trades outside the daily price limits. These trades will be executed when price limits and price bands move within the specified range. So, traders still have the ability to place good-til-canceled or good-til-date orders inside and outside daily price limits.
    In the last few years there are fewer and fewer times that markets will actually go limit up or down, but it is important to be aware of these pricing rules when you trade.

     

     

    • Hot Market of the Week – May Bean Oil
    Hot market of the week 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.
    May Bean Oil
    The rally in May soybean oil accelerated to its second upside PriceCount objective and now the chart is correcting. At this point, IF you can resume the rally with new sustained highs, the third count would project a possible run to the 50.87 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    Spartan Gold
    PRODUCT
    SYSTEM TYPE
    Swing
    COST
    USD 75 / monthly
    Recommended Cannon Trading Starting Capital
    $20,000
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    Daily Levels for March 18th 2024

    Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    Improve Your Trading Skills

    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.

  • Rollover, CPI & Futures Trading Levels for 03.12.24

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

     

     

    CPI Tomorrow – Trade June ES/NQ/YM and MICROS

    by John Thorpe, Senior Broker

     

    For all of you index traders, you may have noticed the shrinking Open Interest and Volume in the March contracts. It’s that time when volume shifts to the next quarterly expiration contract. June! the symbol is M.

    March volume will be drying up quickly, don’t get stuck Friday morning with a March contract at the crack of dawn when the carousel stops. Start trading the June contract today!

    According to Bloomberg, the S&P 500 has averaged an 0.8% move on CPI days over the past six months

    Today, stocks are sideways, the dollar and gold are both up marginally as investors nervously await tomorrows 7:30 a.m. CDT Consumer Price Index release.

    Last Month, on Feb 13th stocks slid sharply following the release and Treasury yields surged higher when a surprise CPI number, an Increase of 0.3% in January, crossed the newswires. Housing costs accounted for much of the price rise.

    Overall prices are expected to rise 0.4% percent after increasing 0.3% percent in January. Annual rates, which in January were 3.1% percent overall and 3.9% percent for the core, are expected at 3.1% and 3.7% percent respectively. Per econoday.

     

     

    Plan your trade and trade your plan

     

    Watch video below on how to rollover from March to June contracts if you are a stock index trader on our E-Futures Platform!

     

     

     

     

    Daily Levels for March 12th, 2024

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    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.

  • Bitcoin Flirting with All time highs, PCE + Futures Trading Levels for 02.29.24

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

     

     

    PCE, Bitcoin and More

    By Mark O’Brien, Senior Broker

     

    Heads up: 

    Keep an eye out tomorrow (7:30 A.M., Central Time) for the release of the Fed’s preferred U.S. inflation gauge: the PCE Personal Consumption & Expenditures Price Index.  The consensus is that the January core PCE deflator will ease to 2.8% year-over-year from the 2.9% reading December.

    General: 

    By and large, the outlook for the global economy is improving.  In China, the business storm clouds are at least not bucketing down on the county’s overall fiscal house.  Report after economic report released in the U.S. continue to validate forecasts of a future “soft landing,” or better – plain ol’ get up and go.  To that end, A.I. euphoria dominates the conversation about what’s driving things.  Even the disappointment surrounding the Fed’s patience in deciding when interest rates should be lowered hasn’t disturbed the current frame of mind.  Keep an eye out for commodities sitting on major lows, such as corn and soybeans.  Even with forecasts for a large South American harvest and a stage set for a strong crop year in the U.S., global growth begets global demand and “bargain price” commodities may be ready to mount rallies.

    Crypto: 

    Bitcoin’s value has been on an impressive rise over the past month, and CME Bitcoin futures (“Full-size”-5-Bitcoin contract, 1/50-Micro Bitcoin contract) have lead the way, with the March Micro Bitcoin contract hitting $65,000 during morning trading today, well above the $57,000 range highs posted in Nov. 2021.  Open interest for the full-size contract came in at a nominal value of $7.77 billion, which is nearly a third of the market share for all Bitcoin market derivatives – more than Binance ($6.1 billion); more than Bybit ($4.1 billion).  These values surpassed past records set in both 2021 and 2017.

    At present, the open interest figures for bitcoin futures have reached an all-time high of $24.44 billion as of Feb. 27, 2024.

     

     

    Energy: 

    Did you know the U.S. is currently producing around 13.3M barrels of crude per day, which is way more than any country on the globe, including Saudi Arabia at ±8.9M barrels per day (as of Dec. ’23). The output growth has helped tame gas prices and, perhaps more importantly, undermined the influence of OPEC and Russia following the invasion of Ukraine in 2022.

     

    Producers also know that while times are good, demand can come down or eventually plateau, especially with the U.S. currently exporting more oil than nearly every member of OPEC. Remember the 2014-16 downturn, which hammered the industry and was largely driven by a supply glut.

     

    Plan your trade and trade your plan

     

     

     

    Daily Levels for February 29th, 2024

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    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.

  • Weekly Newsletter: Turning Points Algo Signals on your Own Charts!

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

    Cannon Futures Weekly Letter Issue # 1183

    In this issue:
    • Important Notices – PCE, ISM, May Softs
    • Trading Resource of the Week – Trade Signals on Your Own Charts!
    • Hot Market of the Week – July Wheat
    • Broker’s Trading System of the Week – NQ Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Important Notices –

    • Heavy Data week: Housing, GDP, Core PCE, and many more..
    • 979 Earnings Reports for the week, Salesforce, Inc. the largest cap.
    • Leap Year
    • March 1st Deadline for some US Budgetary appropriations; Kick the can down the road?
    • May is front month for softs such as Cocoa, Coffee, Sugar, Cotton

     

     

    Trading Resource of the Week : Plug our ALGO into your own charts!

    Trade futures using either counter trend or trend following concepts ( or what I call a simpler approach to day trading)
    In This 25 Minutes Video You Will Learn The Following:
    1. Possible advantages of using range bar charts over time charts for day trading
    2. Trade set ups using counter trend indicators
    3. Trade set ups using trend following indicators
    4. The concept of price confirmation
    5. Tips and insights from Ilan’s observations of different markets
    6. You will be able to install the indicators/concepts mentioned and practice right away with your own demo!
    The trial includes:
    • 28 real time access
    • Introductory remoter session if desired.
    • A video that explains the signals.

     

    Watch an Example below using Sierra Charts from February 21st.
    You will see the predicted TURNING POINTS marked on the ES intraday chart.

     

     

    • Hot Market of the Week – July Wheat
    Hot market of the week 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.
    July Wheat
    July wheat satisfied its third downside PriceCount objective and reacted with a key reversal with follow through to start today. At this point, IF the chart can resume its break with new sustained lows, we are left with only the low percentage fourth count to aim for in in the $4.62 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    COST
    USD 55 / monthly
    Recommended Cannon Trading Starting Capital
    $20,000
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    Daily Levels for February 26th 2024

    Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    Improve Your Trading Skills

    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.

  • Natural Gas Daily Chart + Futures Trading Levels for 02.22.24

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

     

     

    We have a FULL day tomorrow with several reports, FED members talking and more….

    Natural Gas bounced sharply on news that Chesapeake cuts production outlook

    Cocoa continues it’s run into unknown territories….up over 4% today!

    Natural Gas Daily Chart for review below:

     

     

     

     

    Daily Levels for February 22nd, 2024

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    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.

  • Weekly Newsletter: Trading Alerts Via text! , President’s Day Trading Schedule

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

    Cannon Futures Weekly Letter Issue # 1182

    In this issue:
    • Important Notices – President’s Day Schedule
    • Trading Resource of the Week – Trade Alerts via Text/email
    • Hot Market of the Week – April Crude Oil
    • Broker’s Trading System of the Week – Unleaded Gasoline Swing Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Important Events Coming Up –

     

    Trading Resource of the Week : Real Time Email Alerts Directly to your Phone!

    Self-Study Guide to Hedging with Grain and Oilseed Futures and Options. Regardless if you are a farmer, rancher or simply looking to trade grains and livestock futures, this guide will help you understand the ins and outs of trading and hedging using futures and options.
    • You will receive an email each time there is an entry or exit in a simple language along with the current price for that specific market.
    • A licensed series 3 broker at your fingertips
    • Email alerts available to US and Canada and Int’l clients
    • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies, Meats & Softs
    • Open an account* and receive the Trade Alerts free for 3 months ($357 value)
    • See an example of a recent trade alert for Gold Futures in the image below – the trade was still active as of Friday, Feb. 16th

     

    Looking to sell gold on a bounce to 2023.0
    Stop is 2062.0, target is 1981.0

     

     

    • Hot Market of the Week – April Crude Oil
    Hot market of the week 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.
    April Crude Oil
    April crude oil activated upside PriceCounts last month but has continued to struggle with resistance around $78. If the chart can extend its rally with a sustained trade above $78, the first count would project a run to the 81.98 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Swing
    COST
    USD 160 / monthly
    Recommended Cannon Trading Starting Capital
    $20,000
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    Daily Levels for February 19th/20th 2024

    Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    Improve Your Trading Skills

    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.

  • Watch out for these Tbills auctions! Buy/Sell Algo + Futures Trading Levels for 02.15.24

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

     

     

    Treasury Auctions and Earnings

    By Mark O’Brien, Senior Broker

     

    There’s no shortage of trade guidance / advice / market news available to provide futures traders with reasoning for a market move.  Charts showing a market’s direction – or lack thereof – technical indicators, even a trader’s gut reaction can qualify as a reason to enter a position.  For short-term traders, here are a few others that lately have moved the financial markets more than usual and are worthy of consideration:

     

    Earnings reports: we’re heading into the tail end of earning season and while most of the major U.S. companies have released their quarterly reports, there are still some on the horizon that can be catalysts for jolts in the markets.

     

    Treasury auctions: at regularly scheduled dates, the federal government auctions three types of securities: bills, notes, and Treasury inflation-protected securities (TIPS). The Treasury auctions an astonishing quantity of securities.  In calendar year 2003, it auctioned $3.42 trillion of securities: $2.78 trillion of bills, $616 billion of notes, and $26 billion of TIPS.  Lately, the results of some of these auctions have also jostled financial markets.

     

    Finally, take a look at one of the indicators developed in-house by the Cannon Trading team, headed by our vice president, Ilan Levy-Mayer.

    Red arrows are a sell, blue arrows are a buy . Red bars are “sell territory”, green bars are “buy territory” and black bars are neutral. The chart below will show you examples of some good trades as well as not so good.

    For a free trial of the indicator, click here.

     

     

     

    Daily Levels for February 15th, 2024

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    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.

  • Natural Gas lows, Market Sell off Post CPI + Futures Trading Levels for 02.14.24

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

     

     

    • Take a look at Natural Gas new lows…..
    • What about Cocoa new highs….
    • Today’s CPI was as good as advertised…take a look at NQ 1 minute chart below from today
    • May Coffee, Cotton, Cocoa are now front months due to higher volume in the May contract
    • Busy week ahead with many reports. See image below.

     

    NQ 1 min chart from today’s CPI , market moving report.

     

     

     

    Daily Levels for February 14th, 2024

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    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.

  • Weekly Newsletter: Trading Alerts Via text! , 1099s and levels for Feb. 12th

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

    Abstract financial candlestick chart with line graph and stock numbers in Double exposure style background

    Cannon Futures Weekly Letter Issue # 1181

    In this issue:
    • Important Notices –  1099 Forms, Valentines Day, Chinese New year
    • Trading Resource of the Week – Trade Alerts via Text/email
    • Hot Market of the Week – March SoyMeal
    • Broker’s Trading System of the Week – Unleaded Gasoline Swing Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Important Notices –

      • 1099 forms will be generated for all futures trading accounts held by US clients that placed any trades during the 2023 calendar year. Traders should expect to receive their 1099 forms via mail, email or through their portal in early February.
      1099 forms will be provided directly from the FCM to the client.
    Important Events Coming Up:
    • Chinese New Year
    • CPI
    • Valentines day
    • Earnings
    • Fed Speakers
    • More Data including PPI

     

     

    Trading Resource of the Week : Real Time Email Alerts Directly to your Phone!

    Self-Study Guide to Hedging with Grain and Oilseed Futures and Options. Regardless if you are a farmer, rancher or simply looking to trade grains and livestock futures, this guide will help you understand the ins and outs of trading and hedging using futures and options.
    • You will receive an email each time there is an entry or exit in a simple language along with the current price for that specific market.
    • A licensed series 3 broker at your fingertips
    • Email alerts available to US and Canada and Int’l clients
    • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies, Meats & Softs
    • Open an account* and receive the Trade Alerts free for 3 months ($357 value)
    • See an example of a recent trade alert for Coffee Futures in the image below

     

     

     

    • Hot Market of the Week – March Soymeal
    Hot market of the week 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.
    March Meal
    March soymeal resumed its slide where the chart is approaching its third downside PriceCount objective in the $340 area. It would be normal to get a reaction after completing the objective in the form of a near term consolidation or corrective trade, at least. The low percentage fourth count to $231 is not shown here for relevancy but the weekly chart shows significant downside potential remains on a longer term basis.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Swing
    COST
    USD 160 / monthly
    Recommended Cannon Trading Starting Capital
    $20,000
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    Daily Levels for February 5th 2024

    Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    Improve Your Trading Skills

    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.

  • Cocoa all Time Highs! + Futures Trading Levels for 02.08.24

    Get Real Time updates and more by joining our Private Facebook Group!
    Subscribe to our YouTube Channel

     

    New Highs and New Lows…..

    By Mark O’Brien, Senior Broker

    Traders, keep an eye out for market movement across asset classes for trading opportunities – including beyond those markets you’re typically focused on.  With dozens of commodities available for trading on the major U.S. futures exchanges, there’s potential out there.

     

    Softs: 

     

    Among the market sectors most traders follow closely, “Softs” is not high up the list.  Yet similarly to other well-known futures contracts such as stock indexes, interest rate futures, energies, metals and grains, the softs category includes some of the world benchmarks for their underlying commodity, such as cocoa, coffee, orange juice and sugar.

     

    As well, we’re seeing recent price movement in some of these commodities that can be described as exceptional.  For example, it’s not hyperbole to say that the price of March cocoa has skyrocketed over the last month – from both sides of ±$4,200/ton coming into the new year to today’s $5,410/ton close.  That’s a ±$12,000 per contract move (contract size: 10 metric tons).  This is an all-time high for the contract.

    Monthly Cocoa Chart for your review below!

     

    After trading up to its own all-time highs above $4.00/lb. around mid-Nov., March orange juice sliced (pun intended) ±25% of its contract value, down below $3.00/lb. by mid-Jan with a $2.9065 close on Jan. 16.  This is a ±$15,000 move.  Yet this sell-off was brief as the contract then surged ±$1.00 back to today’s 10-cent up limit close of $3.9095, another ±$15,000 per contract move – in 16 trading days.

     

    Indexes: 

     

    Telling of all-time-highs would be lacking today without mentioning the E-mini S&P 500 and E-mini Nasdaq.  As of this typing the March E-mini S&P 500 futures contract is trading up ±40 points, nearly 10 points above Monday’s intraday high and ±15 points above the 5000 threshold.  As well, the March E-mini NASDAQ has made a ±200-point move up to its own all-time highs at ±17,850.  For the E-mini S&P 500, this marks a ±$40,000 per contract move since its last recent low back on Oct. 27.

     

    Energy: 

     

    In a comparison of contrasts, March natural gas settled below $2.00 today to set a new life-of-contract low and furthering a ±$4,000 per contract move in less than a month – with scarcely a retort by bulls.

     

    March Cocoa Futures Chart

    Daily Levels for February 8th, 2024

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports
    provided by: ForexFactory.com
    All times are Eastern Time ( New York)

    Improve Your Trading Skills

    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.

  • Earnings, Economic data, and quiet Federal Reserve Board voting Members + Levels for 01.23.24

    Get Real Time updates and more on our private FB group!

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    The Week Ahead: Earnings, Economic data, and quiet Federal Reserve Board voting Members.

    By John Thorpe, Senior Broker

    We have entered the FRB blackout period which always begins 8 days prior to the FOMC meeting which is currently scheduled for Jan 30-31

    Tuesday After the close the biggest earnings number will be from Netflix NFLX. The forecast is for 8.8 Billion in revenue while adding 9million or more subscribers in the final quarter of 2023. Watch for surprises here as it’s clear that NFLX is the undisputed king of streaming services with a backdrop of consumers consolidating their preferences.

    Wednesday after the close Look for TSLA Tesla stock to announce Q4 23 numbers with earnings forecast for .74 cents per share with Rev @ 25.6 bil. Will the current EV price war challenge the analysts estimates?

     

    Thursday is kicked off with the ECB Rate decision @ 7:15 a m CST, expectations are to hold rates steady for the lending rates in the Eurozone. 15 minutes later @ 7:30 a.m. CST a slew of Data hits the wires..  Durable goods, GDP, Jobless claims followed by New Home Sales @ 9 a.m. CST

    And ends with Intel INTC Earnings after the close. Expectations are 49 cents per share with 15.2 billion in revenue.

    Friday market action will largely be reflective of the absorption the week of data and the evening of traders positions before the weekend.

     

    Make it a solid week and always, “plan the trade and trade the 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.

    Futures Trading Levels

    01-23-2024

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

    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.

  • Weekly Newsletter: Why Most Traders Lose? + Futures Trading Levels for Jan. 22nd

    Cannon Futures Weekly Newsletter Issue # 1178

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    •  Important Notices – 2024 World Cup Trading Championship
    • Trading Resource of the Week – Why Most Traders Lose?
    • Hot Market of the Week – March Feeder Cattle
    • Broker’s Trading System of the Week – MidCap Swing Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

    The 2024 World Cup Trading Championships® are just around the corner.
    You are invited to enter the ultimate trading challenge, where some of the world’s best Futures and Forex traders compete.
    The World Cup Trading Championships have been held since 1983 and are the most prestigious trading competitions in the industry. The winners of each division will prove that they are the best of the best.
    The top profitable Entrants will be eligible to receive a magnificent pewter Bull and Bear trophy or a beautiful crystal Bull and Bear Trophy.
    Real-money competitions based on net returns – no entry fee required.
    Take on traders from across the globe to compete for coveted Bull & Bear trophies, glory, and new career opportunities.
    Do you have what it takes?
    Contact us at 1-310-859-9572 or Visit Us on the Web

     

     

    • Trading Resource of the Week : Why do most futures traders lose money and how can you improve your odds?

    Watch the short recorded webinar where Ilan shared some of his observations of why a large percentage of traders lose money trading futures.
    *Reasons why most traders lose
    *Looking at tools you can utilize and improve your odds
    *Review different methods/concepts of trading
    *Ilan shares many tidbits that can help variety of traders
    *Ilan answers questions
    Watch the recorded webinar which in our opinion contains some of the most valuable advise both new and advanced traders can utilize

     

     

     

      • Hot Market of the Week – March Feeder Cattle

      Hot market of the week 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.
      March Feeder Cattle
      March feeder cattle stabilized their break last month after satisfying the fourth downside PriceCount objective. On the correction higher, the chart activated upside counts with the first objective projecting a run to the 238.53 area.
      PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    S&P MidCap future
    SYSTEM TYPE
    Swing
    Recommended Cannon Trading Starting Capital
    $25,000.00
    COST
    USD 150 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

     

    • Trading Levels for Next Week

    Daily Levels for January 22nd, 2024
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Trading Reports for Next Week

     

    • click above for a LIVE demo, streaming prices
    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    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.
  • Weekly Newsletter: LIVE Trade Alerts via Email + Futures Trading Levels for Jan. 8th

    Cannon Futures Weekly Newsletter Issue # 1177

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    • Important Notices
    • Trading Alerts Via Email
    • Broker’s Trading System of the Week – Mini Nasdaq Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

        • We are not seeing any Fed Speakers on the Calendar for next week, this could change.
        • Volatility should be a feature mid to late week
        • Wholesale trade (Wed), CPI (Thur), jobless claims(Thur), PPI (Fri) All@ 7:30 a.m. CST
        • Over 1 Trillion $$ in Market Cap report Q4 ’23 earnings on Friday the 15th.
        • Those reporting: JPM(Chase), UNH (United Healthcare), BAC (Bank of America), WFC (Wells Fargo), C (Citibank), BLK (BlackRock)
        • In the Ag sector, what is touted as “the biggest USDA data dump of the year, presenting the opportunity for the most market-moving surprises” by Arlan Suderman StoneX lead Ag analyst.
        • USDA Supply/Demand and Annual Crop production numbers to be released @11:00 a.m. CST

     

     

     

     

    • Real Time Email Alerts

      Directly to your Phone!

    • You will receive an email each time there is an entry or exit in a simple language along with the current price for that specific market.
    • A licensed series 3 broker at your fingertips
    • Email alerts available to US and Canada and Int’l clients
    • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies, Meats & Softs
    • Open an account* and receive the Trade Alerts free for 3 months ($357 value)
    • See an example of a recent trade alert for Gold Futures in the image below
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.

    CR7

    PRODUCT
    Mini NASDAQ 100
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $20,000.00
    COST
    USD 50 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

     

    • Trading Levels for Next Week

    Daily Levels for January 8th, 2024
    Trading Reports for Next Week

     

    • click above for a LIVE demo, streaming prices
    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    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.
  • NFP – Non Farm Payrolls Tomorrow +Futures Trading Levels for 01.05.24

    Get Real Time updates and more on our private FB group!

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    Big NFP / unemployment report tomorrow an hour before the stock market opens.

    This is a market moving report and indices, bonds, currencies, metals and other markets will see some large swings.

    I personally like to be out before the report, wait a few minutes for the zig zag to relax and then look to re-enter.

    Intraday day chart of the NQ from last month below for your review! Dec. 8th NFP report.

    Over 100 points move in less than a minute!! that is approx. $2,000 per one contract of the NQ ( against you or in your favor…)

    Emini Nasdaq 1 minute Chart

    Emini Nasdaq 1 minute Chart

     

     

     

     

    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.

    Futures Trading Levels

    01-05-2024

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

    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.

  • Video on Projecting Levels, Christmas Modified Trading Schedule + Levels for 12.20.23

    Get Real Time updates and more on our private FB group!

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    March is front month for stock indices and currency futures.

    Symbol for March is H, so example ESH24

    February is front month for crude oil.

    Christmas Modified trading schedule below.

     

    Video: Projecting possible targets when trading futures

     

    Projecting possible targets when trading futures

     

     

    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.

    Futures Trading Levels

     

    12-20-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

    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.

  • Weekly Newsletter: March Copper Outlook, Video Trading Tips + Futures Trading Levels for Dec. 18th

    Cannon Futures Weekly Newsletter Issue # 1175

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    • Important Notices – General Updates and Holiday Schedule
    • Trading Resource of the Week – Trading Tips Videos
    • Hot Market of the Week – March Copper
    • Broker’s Trading System of the Week – EuroStoxx Swing Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

        • FedEx (FDX) and Micron (MU) Quarterly Earnings Tues. and Wed. post market close respectively
        • Housing numbers throughout the week: Starts, Existing sales, New home sales
        • As for short days, Winter Solstice Thursday.
        • GDP (Q3 ’23) and jobless claims Thursday pre market open
        • Trade March Currencies, financials and stock indices!
        • Christmas Trading Schedule HERE

     

     

    • Trading Resource of the Week 

    Trading Videos
    Instant Viewing
    Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.
    • Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
    • Some common uses you can make of support and resistance levels.
    • Filter out the noise with range bar charts
    • “Price Confirmation”
    Hot market of the week 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.
    March Copper
    March Copper completed its first upside PriceCount objective early this month and corrected. Now, the chart is attempting to resume its rally where new sustained highs would project a run to the second count in the 4.03 area, consistent with a challenge of the September high.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    EuroStoxx future (EUR)
    SYSTEM TYPE
    Swing
    Recommended Cannon Trading Starting Capital
    $10,000.00
    COST
    USD 50 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for December 18th, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Trading Reports for Next Week
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    • click above for a LIVE demo, streaming prices
    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    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.
  • Quadruple Witching + Futures Trading Levels for Dec 15th

    Get Real Time updates and more on our private FB group!

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    Stock Index December contracts (i.e., E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.) expire Friday, December 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 December futures contracts through 8:30 A.M., Central Time on Friday, Dec. 15th, they will be offset with the cash settlement price, as set by the exchange.

    FRONT MONTH IS NOW MARCH , the symbol is H24, example for mini SP is ESH24

     Monday, December 18th is Last Trading Day for December currency futures. It is of the utmost importance for currency traders to exit all December futures contracts by Friday, December 15th and to start trading the March futures. Currency futures are DELIVERABLE contracts.

    The month code for March is ‘H.’  Please consider carefully how you place orders when changing over.

     

     

     

    US$ Daily Chart below:

     

     

     

    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.

    Futures Trading Levels

     

    12-15-2023

     

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

    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.

  • FOMC Rate Decision Tomorrow +Futures Trading Levels 12.13.2023

    Get Real Time updates and more on our private FB group!

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    March is front month for stock indices.

    Symbol for March is H, so example ESH24

     

    FOMC Rate decision tomorrow.

    The following are my PERSONAL OPINION on trading during FOMC days:

    • Reduce trading size

     

    • Be extra picky = no trade is better than a bad trade

     

    • Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 4425.00 with a stop at 4419.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4419.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).

     

    • Expect the higher volatility during and right after the announcement

     

    • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
    • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
    • Know what the market was expecting, learn what came out and observe market reaction for clues
    • The rate announcement comes out exactly at 1 PM central. As of this morning there is a 98% chance of no change in rates.
    • Traders will pay EXTRA attention to the language and the Q&A which starts at 1:30 PM Central

     

    • Be patient and be disciplined

     

    • If in doubt, stay out!!

    Mini SP ( March contract) one possible outlook is below using the daily chart and QT Market Center platform.

    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.

    Futures Trading Levels

     

    12-13-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

    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.

  • Weekly Newsletter: Rollover Notice for Stock Index Futures + Futures Trading Levels for Dec. 11th

    Cannon Futures Weekly Newsletter Issue # 1174

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    •  Important Notices – Stock Index Rollover!
    • Trading Resource of the Week – Trading Psychology Edge
    • Hot Market of the Week – March Corn Wheat Spread
    • Broker’s Trading System of the Week – Gold Swing Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

        • December Rate Decision Wednesday – FOMC
        • Earnings: all after the close
        • Monday ORCL Oracle
        • Wednesday ADBE Adobe
        • Thursday COST Costco
        • Roll to March for the Indices – see below!
    Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.
      Volume in the December contracts will begin to drop off until their expiration Friday, December 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 December futures contracts through 8:30 A.M., Central Time on Friday, Dec. 15th, they will be offset with the cash settlement price, as set by the exchange.
    FRONT MONTH IS NOW MARCH , the symbol is H24, example for mini SP is ESH24
     Monday, December 18th is Last Trading Day for December currency futures. It is of the utmost importance for currency traders to exit all December futures contracts by Friday, December 15th and to start trading the March futures. Currency futures are DELIVERABLE contracts.
    The month code for March is ‘H.’  Please consider carefully how you place orders when changing over.
    • Watch the video below on how to rollover your market depth and charts!

    How to roll over Chart and DOM on E-Futures

     

     

     

    • Trading Resource of the Week 

    Get An Edge With the Trading Psychology Course
    Many experienced traders say that the stiffest challenge you’ll face in becoming a futures trader is conquering your own psyche. Why? Because losing is part of trading, and people hate to lose.
    In this “Trading Psychology” Course you will learn:
    • How to examine your patterns and behaviors and recognize when they are holding you back
    • Maintaining self-confidence as a trader even in the face of inexperience
    • The mathematical expectation model and how it can decrease your losses
    • Determining the trading plan that is right for your trading personality
    • Understanding and using Motivation – Risk – Reward to its full advantage
    • Creating effective trading technique strategies
    • Qualities of Successful Traders
    • Hot Market of the Week – March Corn Wheat Spread

    Hot market of the week 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.
    The March WheatCorn spread accelerated to its third upside PriceCount objective to the $1.52 area and is consolidating its trade. At this point, IF the chart can resume its rally with new sustained highs, we are left with the low percentage fourth count to aim for around $2.27 which would be consistent with a challenge of the summer high.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    March Wheat - Corn Spread Chart
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $25,000.00
    COST
    USD 75 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for December 11th, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Trading Reports for Next Week
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    • click above for a LIVE demo, streaming prices
    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    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.
  • Coffee Daily Chart + Futures Trading Levels for Dec 6th

    Get Real Time updates and more on our private FB group!

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    Hot Market for Review:  March Coffee

    March coffee hit first PriceCount Objective. If market can close above 185.70, then next PriceCount objective is at 198.70.

     

     

    Hot market of the week 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.

    FREE TRIAL AVAILABLE

    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.

    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.

     

    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.

    Futures Trading Levels

    12-06-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

     

     

     

     

     

     

     

     

    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.

  • Gold Broke Higher – Next levels? Futures Trading Levels 11.28.2023

    Get Real Time updates and more on our private FB 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.

    Futures Trading Levels

    11-29-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • New Micro Nat Gas, Crude Oil Chart + Futures Trading Levels for Nov. 9th 2023

    Get Real Time updates and more on our private FB group!

    Updates and Bullet Points:

    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.

    Futures Trading Levels

    11-09-2023

     

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter: How to Trade Economic Reports + Futures Trading Levels for Oct. 23rd

    Cannon Futures Weekly Newsletter Issue # 1168

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    •  Important Notices – Trading Contest/Real Cash Prizes
    • Trading Resource of the Week – Trading Around Economic Reports
    • Hot Market of the Week – December Cotton
    • Broker’s Trading System of the Week – ES Swing Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

    Trading Contest – Win Real Cash Trading Simulated Account!
    Energy Futures Trading Competition
    Duration 
    Start: October 15th at 5:00 PM CT
    End: October 27th at 4:00 PM CT
    Prizes (Cash Prizes!!)
    First Place: $2500
    Second Place: $1000
    Third Place: $650
    Random Selection: $500

    Competition Details

    • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
    • All Trading will be in the Front-Month Contract
    • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
    • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
    • Top three traders with the highest P&L balance at the end will get a cash prize.
    • One winner will be chosen from the remaining participants to receive a cash prize.
    • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

    REGISTER NOW

    • Trading Resource of the Week 

    Trading Key Economic Reports

    As a trader, you will come across many factors that you must consider before entering or exiting the markets. Some of the most important aspects to look for are economic events that can move the markets drastically one way or another.
    There are many types of economic events including releases by a governing body, changes in sales or consumption of commodities, and increases in supply and demand. All of these can affect the markets you trade, making it important for you to know how and when these changes are happening.
    In this “Trading Around Key Economic Reports” FREE Course you will learn:
    • What is GDP?
    • About the Retail Sales Report
    • What is NFP ( non farm payroll) Report?
    • Understanding US housing Data
    • FOMC
    • Understanding Oil Data Report
    • Importance of Consumer Confidence Survey

    ACCESS THE COURSE NOW

    Hot market of the week 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.
    December Cotton completed its first upside PriceCount objective but to this point has not been able to extend its rally any further. Now, the chart has activated downside counts on the correction lower. The first objective projects a run to the 83.87 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Swing
    Recommended Cannon Trading Starting Capital
    $30,000.00
    COST
    USD 127 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for October 13th, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Trading Reports for Next Week
    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    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.
  • Educational trading Videos + Futures Trading Levels for Oct. 26th

    Get Real Time updates and more on our private FB group!

    No Commentary today, just trading levels and reports for tomorrow.

    However you may find the following videos of interest:

    Using overbought/oversold set ups: https://youtu.be/bBzAeWdWPh0

    Trading with Range bars https://youtu.be/id3fKJIj-2k

    Utilizing Bollinger bands: https://vimeo.com/323507514/6e6f3de668

    Concept of Price Confirmation: https://youtu.be/IZibLbRtavo

    Some ideas on how to use Support and resistance: https://youtu.be/A-pht_GbsTc

    Projecting possible targets when trading futures https://vimeo.com/835487341?share=copy

    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.

    Futures Trading Levels

    10-26-2023

     

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • What Changed? + Futures Trading Levels for Oct. 25th

    Get Real Time updates and more on our private FB group!

    What Changed??

    The past two weeks have seen very choppy price action especially in stock indices futures, with sudden and sharp swings from highs and lows.

    This contrasts with the smoother and steadier price action we witnessed before the terrible October 7 attack on Israel. As a trader, you need to evaluate the market conditions and the instruments you are trading, and how they respond to geopolitical events and overall market rhythm and price action.

    You also need to adapt and be alert to what is changing, because what worked six weeks ago may need some adjustment in order for it to work for the next six weeks. Day trading is challenging, and many times price movement is just noise in a trending or non-trending environment. Some people try to use order flow to get clues and capture a small part of the market, while others trade based on the news and overall market feel.

    In my opinion, using counter trend techniques and respecting the VWAP has been more effective in these past two weeks than other methods. Plan your trade, trade your plan!

    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.

    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.

    Futures Trading Levels

    10-25-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter: How to Trade Economic Reports + Futures Trading Levels for Oct. 16th

    Cannon Futures Weekly Newsletter Issue # 1167

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    •  Important Notices – Trading Contest/Real Cash Prizes
    • Trading Resource of the Week – Trading Around Economic Reports
    • Hot Market of the Week – December Cotton
    • Broker’s Trading System of the Week – ES Swing Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

    Trading Contest – Win Real Cash Trading Simulated Account!
    Energy Futures Trading Competition
    Duration 
    Start: October 15th at 5:00 PM CT
    End: October 27th at 4:00 PM CT
    Prizes (Cash Prizes!!)
    First Place: $2500
    Second Place: $1000
    Third Place: $650
    Random Selection: $500

    Competition Details

    • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
    • All Trading will be in the Front-Month Contract
    • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
    • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
    • Top three traders with the highest P&L balance at the end will get a cash prize.
    • One winner will be chosen from the remaining participants to receive a cash prize.
    • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

    REGISTER NOW

    • Trading Resource of the Week 

    Trading Key Economic Reports

    As a trader, you will come across many factors that you must consider before entering or exiting the markets. Some of the most important aspects to look for are economic events that can move the markets drastically one way or another.
    There are many types of economic events including releases by a governing body, changes in sales or consumption of commodities, and increases in supply and demand. All of these can affect the markets you trade, making it important for you to know how and when these changes are happening.
    In this “Trading Around Key Economic Reports” FREE Course you will learn:
    • What is GDP?
    • About the Retail Sales Report
    • What is NFP ( non farm payroll) Report?
    • Understanding US housing Data
    • FOMC
    • Understanding Oil Data Report
    • Importance of Consumer Confidence Survey

    ACCESS THE COURSE NOW

    Hot market of the week 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.
    December Cotton completed its first upside PriceCount objective but to this point has not been able to extend its rally any further. Now, the chart has activated downside counts on the correction lower. The first objective projects a run to the 83.87 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Swing
    Recommended Cannon Trading Starting Capital
    $30,000.00
    COST
    USD 127 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for October 13th, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Trading Reports for Next Week
    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    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.
  • High Volatility + Futures Trading Levels for Oct. 13th

    Get Real Time updates and more on our private FB group!

    What you need to know before trading futures tomorrow – October 13th 2023

    by Ilan Levy-Mayer, VP

    1. War in Israel and news coming from the region can create sharp fast moves in variety of markets like gold, crude oil, stocks and bonds.
    2. Univ. of Michigan prelim report is tomorrow.
    3. Soybeans broke to the upside in what seems to be a temporary bottom (see daily chart below)
    4. Bonds resumed downside selling after today’s bond action
    5. Fed member Harker is speaking at 9 Am central time

     

    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.

    Futures Trading Levels

    10-13-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Download your FREE copy of Order Flow Essentials!

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter: Essentials of Order Flow + Futures Trading Levels for Oct. 9th

    Cannon Futures Weekly Newsletter Issue # 1166

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    • Important Notices – Trading Contest/Real Cash Prizes
    • Trading Resource of the Week – Essentials of Order Flow
    • Hot Market of the Week – December Corn
    • Broker’s Trading System of the Week – NQ Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

    Trading Contest – Win Real Cash Trading Simulated Account!
    Energy Futures Trading Competition
    Duration 
    Start: October 15th at 5:00 PM CT
    End: October 27th at 4:00 PM CT
    Prizes (Cash Prizes!!)
    First Place: $2500
    Second Place: $1000
    Third Place: $650
    Random Selection: $500

    Competition Details

    • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
    • All Trading will be in the Front-Month Contract
    • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
    • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
    • Top three traders with the highest P&L balance at the end will get a cash prize.
    • One winner will be chosen from the remaining participants to receive a cash prize.
    • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

    REGISTER NOW

     

    Order Flow has been presented as a mystique to potential Traders as well as seasoned Traders. In many cases it is assumed to be an insanely difficult concept to understand. Order Flow is, at its core, the transaction between a Buyer and a Seller. As a Veteran Trader using Order Flow to base my decisions, I can say that order flow is the very core of any market.
    In this FREE booklet, you will learn:
    • What is order flow?
    • Volume by Price
    • Footprint
    • Time & Sales
    • DOM
    • Tying it all together
    Hot market of the week 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.
    December Corn traded to within a dime of its fourth downside PriceCount objective and it increasing appears like that was enough to satisfy the bear move. The September contract and the weekly chart each hit their counts. Now, the chart is activated upset objectives and the first Target to 4.94 has been met. If we can sustain the move and get above $5 there’s a second objective just above to aim for in the 5.03 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $18,000.00
    COST
    USD 155 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for October 9th, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Trading Reports for Next Week
    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    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.
  • NFP Tomorrow + Futures Trading Levels for Oct. 6th

    Get Real Time updates and more on our private FB group!

    What you need to know before trading futures tomorrow – October 6th 2023

    by Ilan Levy-Mayer, VP

    1. NFP is tomorrow! Non Farm Payrolls also known as employment numbers. Big report, This is a market moving event and we expect high volatility, right before, during and right after.
    2. Crude Oil and energies trading at extreme volatility
    3. Take a look at the 1 minute chart of the last NFP report from Sept. 1st below as well as a 15 min chart of the rest of the same session. Notice the ES (mini SP500) had a 22 point move from high to low in 45 seconds!

    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.

    Futures Trading Levels

    10-06-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Download your FREE copy of Order Flow Essentials!

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter – Energy Futures Contest – Real Cash Prizes! + Levels for Sept. 25th

    Cannon Futures Weekly Newsletter Issue # 1164

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    • Important Notices – Trading Contest/Real Cash Prizes
    • Trading Resource of the Week – Series of short videos
    • Hot Market of the Week – December Gold
    • Broker’s Trading System of the Week – NQ (mini NASDAQ) Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

    Trading Contest – Win Real Cash Trading Simulated Account!
    Energy Futures Trading Competition
    Duration 
    Start: October 15th at 5:00 PM CT
    End: October 27th at 4:00 PM CT
    Prizes (Cash Prizes!!)
    First Place: $2500
    Second Place: $1000
    Third Place: $650
    Random Selection: $500

    Competition Details

    • Trade any Group Energy Futures Products including Crude Oil, Micro Crude Oil, RBOB Gasoline, and Natural Gas
    • All Trading will be in the Front-Month Contract
    • All trades will be completed in the StoneX Trader Simulated Trading Environment using the white-labeled Contest Trader application
    • All traders will begin with a virtual account of $100,000.00 Your goal: increase the balance to as much as possible by the conclusion of the competition.
    • Top three traders with the highest P&L balance at the end will get a cash prize.
    • One winner will be chosen from the remaining participants to receive a cash prize.
    • The prizes to the winners shall be awarded in the form of a check (or any other form as reasonably determined by StoneX) and sent to the winner within ten business days of receiving the required tax documentation.

    REGISTER NOW

    • Trading Resource of the Week

     

    • Projecting possible targets when trading futures
    • Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
    • Some common uses you can make of support and resistance levels.
    • Filter out the noise with range bar charts
    • “Price Confirmation”
    Hot market of the week 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.
    December Gold Futures Completed its first downside PriceCount objective last months before developing a sideways range trade. At this point, if the chart can break down with new sustained lows, the second count would project a possible run to the 1883 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    Mini Nasdaq 100
    COST
    USD 120 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for September 25th, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    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.
  • SP500 Approaching Support? + Futures Trading Levels for Sept. 22nd 2023

    Get Real Time updates and more on our private FB group!

    Mini SP 500 futures are approaching an important support levels on the daily chart as seen below.

    4325-4350 zone.

    The big question is “Will support hold or will price break through towards the next levels?”

    ES Daily Chart

    Mini S&P ES Daily Chart / #ES

     

     

    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.

    Futures Trading Levels

    09-22-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Quadruple Witching + Levels for Sept. 15th 2023

    Get Real Time updates and more on our private FB group!

    What you need to know before trading futures on Sept. 15th

    by Mark O’Brien, Senior Broker:

     

    For those of you trading stock index futures and options, remember that tomorrow is Last Trading Day for the September stock index futures contracts and their quarterly options.  At 8:30 A.M., Central Time, the September contracts will stop trading and the CME will post a settlement price which will serve to offset any open September futures positions.  It will also determine the status of the contracts’ options – whether they’re in or out of the money.  Note that this does not apply to Friday Week-3 options tied to the December futures contracts.  Those expire at their usual afternoon time.

     

    Tomorrow is nicknamed quadruple witching which refers to the simultaneous expiration of not only stock index futures and options, but also stock options and single-stock futures, which actually ceased trading in 2020 – and was never a much of asset class in the U.S. since their arrival in 2002. 

     

    The new front month for the major stock index futures contracts is now December.

     

    For currency futures traders, Monday is an even more important date on the calendar.  It’s also Last Trading Day for these futures contracts, however these contracts are true deliverables.  Instead of receiving a settlement price with which your open positions will be offset, your open long or short positions will be exchanged for actual cash-based positions in the type of currency your position represents.  For example, if you hold a single September British Pound futures contract through Last Trading Day, you will be assigned a short cash position of futures contract’s value of 62,500£, the current U.S. dollar value of which is ±$77,500.

     

    The long and short of it (pun intended), keep a very close eye on the calendar and steer well clear of becoming contractually obligated to deliver or take delivery of a futures contract’s underlying asset.

     

    If you have any questions regarding any of the futures contracts you’re trading and those important dates n the calendar, reach out to your broker at Cannon Trading Co. 

    Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000

     

    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!

    Rollover Futures contract on E-Futures platform

    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.

    Futures Trading Levels

    09-15-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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, PPI, Rollover…busy week ahead! + Levels for September 12th 2023

    Get Real Time updates and more on our private FB group!

    The Week Ahead: Will CPI alter your trading strategy?

    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)

    Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000

     

    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.

    Futures Trading Levels

    09-12-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • What You Need to Know if you are Trading Futures on Aug 30th 2023

    Get Real Time updates and more on our private FB group!

    What you need to know before trading futures tomorrow – Aug 30th 2023

    by Ilan Levy-Mayer, VP

    1. Front month for treasuries, silver, copper is now December.
    2. We have another employment report tomorrow morning, ADP
    3. Crude oil numbers are out tomorrow if you are an energy trader.
    4. Pending home sales will be out as well
    5. SP500 futures closed right against MAJOR moving average/resistance level. (chart below)
    6. Both Sugar, Silver and Heating oil markets flashed a possible long signal based on our proprietary indicators.
    7. Thursday will be the last trading day for August as well as Q3!
    8. Friday we will have the anticipated NFP ( non farm payrolls report)
    9. Labor day is almost here, see modified trading schedule HERE

     

    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.

    Futures Trading Levels

    08-30-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter: Trade Exits, December Cotton Outlook + Levels for August 28th

    Cannon Futures Weekly Newsletter Issue # 1160

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    • Trading Updates: Labor Day Schedule
    • Trading Resource of the Week – Exiting Trades
    • Hot Market of the Week – December Cotton
    • Broker’s Trading System of the Week – Micro NQ and ES Trading Systems
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Trading Resource of the Week – : When and Where Do I exit My Trade?
    Whether you’re a day trader, a position trader, a spread trader, or an option trader, some of the mental challenges and the questions to go with them are constant:
    • Where, When and how do I enter a trade?
    • How do I define risk and implement any type of risk control, like placing stop orders, or implementing some sort of option protection?
    • Where and how do I exit a trade, both in the event of a profitable trade and an unsuccessful one?

     

    Finish reading the article along with chart examples

     

    Hot market of the week 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.
    December Cotton satisfied its first upside PriceCount objective recently and corrected. At this point, if the chart can resume its rally with new sustained highs, the second count would project a possible run to the 95.74 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    • Broker’s Trading System of the Week

    Are you interested in seeing how two different intraday trading systems perform in real time, live trading?
    Cannon Trading offers you weekly updates on the results of these systems, which trade the MNQ (micro mini Nasdaq) and the ES (mini SP) respectively.
    You can compare and contrast their strategies, risks, and returns, and decide which one suits your trading goals better. All you need is a minimum account size of $10,000 for the MNQ system and $25,000 for the ES system.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    • Trading Levels for Next Week

    Daily Levels for August 28th, 2023
    Would you like to receive daily support & resistance levels?
    Yes
    No

    Weekly Levels

     

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    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.
  • Utilize Smart ALGO for Possible Trades: Free Trial + Trading Levels for August 18th 2023

    Get Real Time updates and more on our private FB group!

    Would you like to enable your own possible ALGO buy and sell signals on our FREE trading platform?

    You an try it for yourself and see if you like the type of signals…..

    TRY NOW – NO Credit Card Needed

     

    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.

    Futures Trading Levels

    08-18-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Cycle Detrending: Can you use Cycles to fortify your trading acumen?

    Get Real Time updates and more on our private FB group!

    Cycle Detrending: Can you use Cycles to fortify your trading acumen?

    by John Thorpe, Senior Broker

    I have accumulated a small library of important works in the study of futures trading over the years so instead of writing about the week ahead as I normally do on Mondays, I thought I would change pace ( I was enjoying a long weekend out of town ) so today, based on the work of Walt Bressert and The Foundation for the study of Cycles (Cycles.org) ,Jake Bernstein and others, I thought it would be important to briefly discuss another layer of technical analysis we all could use when trading becomes too myopic. The study of Cycles, simply put Cycle study is dedicated to the study of recurring patterns in the economy, markets, natural sciences and the Arts.  We are not looking to trade the big bottoms and tops that occur as the trend reverses, but the bottoms and tops of the shorter-term cycles occurring in the direction of TREND. One tool to identify the cycles within a trend is called “Centered Detrending” With “CD” you can visibly observe cycle bottoms and tops. Because this takes the mystery out of cycles you can look back over a considerable amount of time(History) and see the consistency and tradability of cycles. Most trading cycles in the futures markets tend to cluster between 18 and 22 bars. What we want to do is CD the chart and calculate a moving average the same length as the potential trading cycle. But instead of plotting the Moving Avg. (MA) from the last day it should be centered in the middle of the cycle; for instance if it is a 20 day MA, move it back 10 days from the most recent close. this will show you a linear representation of the cycles relative to price movement.

    You are half way home now, since this will only show historical cycles it can’t be used for real-time trading. You now will need an Oscillator to overlay. To use an oscillator to identify cycle tops and bottoms look for three characteristics: (there are a number of oscillators on your trading platform, play around with a few)

    1. The oscillator turns when prices turn
    2. The oscillator does not “wiggle” much at cycle tops and bottoms
    3. The oscillator has amplitude moves that take it to the extremes of an allowable range as the cycles bottom and top..      I hope this gives you a different perspective to learn best how to trade a trend. My compliments to the decades of analysis put out there by Bressert, Bernstein , Edward Dewey Chief Economist for the Hoover admins Dept. of Commerce.

     

    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.

    Futures Trading Levels

    08-17-2023

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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 Week Ahead for Commodities + Trading Levels for August 15th 2023

    Get Real Time updates and more on our private FB group!

    The Week Ahead

    by Mark O’Brien, Senior Broker

    General: 

     

    As the duel between the United States and China continues, seemingly on several fronts, a new sign emerged the first half of the year: China’s imports to the U.S. accounted for the smallest percentage of goods arriving here in 20 years.  Just 13.3% of all imports to the U.S. came from China the first half of 2023.  Compare that to its peak of 21.6% for all of 2017 and its low point of 12.1% in 2013.  The downturn is not due to any list of stand-out products or industries, nor has any country or small number of countries jumped up to import a bigger share of anything.  Rather, slow-moving supply chain shifts across dozens of industries and nations are driving the trend.  When the dollar values of exports and imports are combined, Mexico is now America’s no. 1 trading partner, followed by Canada, pushing China to third place.

     

    Last Thursday, the Labor Department reported the consumer-price index increased 0.2% in July, the same as in June. That is down sharply year-over-year looking at the 1.2% gain in June 2022.  If the downward trend continues – now over a year from its June 2022 peak reading of 9.1%, inflation is on a path to draw near the Federal Reserve’s 2% target by late 2023 or early 2024.

     

    What could stand in the way of that trend?  Geopolitical events and weather could impact food and energy prices.

     

    After Saudi Arabia and Russia announced reductions in their oil production last month, unleaded gas prices, which tend to lag behind crude oil prices, traded to 1-year highs on Friday (basis September) within less than two cents of $3.00 per gallon.

     

    Further regarding Russia, last month it withdrew from a deal that allowed Ukraine to export grain through the Black Sea and has since attacked key port facilities in Odesa.  Ukraine is one of the world’s largest grain suppliers including 13% of global corn exports and the 12% of wheat.

     

    Add to all this, scientists watching the periodic climate pattern called El Niño are now anticipating it arriving this winter more likely as “moderate,” and possibly a “strong” event than how they assessed conditions in May.  Ocean surface temperatures in the central Pacific Ocean have warmed enough off the coast of South America to trigger an El Niño, meaning possibly a warmer, dryer winter here in the U.S. and higher temperatures globally. This can cause disruptions to crops in some of the world’s most important commodities sources.

     

    Keltner Channels, Volume Charts, Algo Signals – Trade Set Up

    • Watch the 5 minute video below in which I share a trading set up I like, using volume charts, candle sticks, Keltner Channels and proprietary ALGOs for trading signals.

    Volume charts, candle sticks, Keltner Channels and proprietary ALGOs for trading signals.

     

     

    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.

    Futures Trading Levels

    08-15-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter: Price Confirmation Filters out “bad trades”? + Levels for July 31st

    Cannon Futures Weekly Newsletter Issue # 1156

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    Have a safe Memorial Day Weekend. Trading Schedule HERE

    In this issue:

    • Trading Resource of the Week – Filter Noise with Price Confirmation
    • Broker’s Trading System of the Week – ZB Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    • Trading Resource of the Week – Entering futures using stop orders as “price confirmation”

    By Ilan Levy-Mayer, VP
    Watch video below on how you can possibly filter out some of the losing trades by using STOP orders as a way to ENTER trades ( rather than the typical stop loss use).
    Entering Futures Using Stop Orders as "Price Confirmation"
    Try a FREE demo of the platform used to show the charts in this educational article. The platform is FREE and has charts, news, DOM, T&S, Alerts, advanced order entry, options and MUCH MORE!
    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $10,000
    COST
    USD 65 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    • Trading Levels for Next Week

    Daily Levels for July 31st, 2022
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Would you like to receive daily support & resistance levels?
    Yes
    No

    Weekly Levels

     

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    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.
  • Quick Videos on Trading Techniques + Futures Trading Levels for July 28th 2023

    Get Real Time updates and more on our private FB group!

    Trading Videos

    Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.
    • Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
    • Some common uses you can make of support and resistance levels.
    • Filter out the noise with range bar charts
    • “Price Confirmation”

    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.

    Futures Trading Levels

    07-28-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Customized Trading Signals + Futures Trading Levels for July 26th 2023

    Get Real Time updates and more on our private FB group!

    Live Customized Trading Signals on your Charts

    Try our in-house created family of technical studies

     

     

    Free 3-week trial includes video tutorial and 23-page PDF e-book, explaining the studies’ approach and how to apply them to your trading.

     

    Approach focuses on counter-trend and trend following price action and trade management.

     

    Some examples for educational purposes below in the screen shot

     

    Sign up for a Free Trial of our in-house signals HERE

    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.

    Futures Trading Levels

    for 07-26-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

    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 Levels for July 20th – Range Bar Charts for Day Trading

    Get Real Time updates and more on our private FB group!

    Watch the video below for ideas if using VOLUME and/or RANGE bar charts while day trading can help you filter out the noise and get signals FASTER when volume and price action are active?

     

    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.

    Futures Trading Levels

    for 07-20-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

    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 Levels for July 18th – Earnings Season in Full Effect

    Get Real Time updates and more on our private FB group!

    The Week Ahead by John Thorpe, Senior Broker:

    Govt Reports, Earnings and the Fed Blackout period.

    On the close of Business June 16th the S&P was at 4453.00, today we have a hi as of this writing, with 3.5 more hours to go in the session, of 4553.50 Up 100 points and of course, not in a straight line.

    This does illustrate a continued bullish undertone. S&P + .022%, The NQ is up .035% and the broadest market index, the Russell index, the winner over this time period, up .041% .

    This brings us to a number of questions: can the rally that begin in March continue through the summer? What factors is the market watching for clues and direction?

    This week the most meaningful economic numbers to be released should be the June data on retail and food services sales at 7:30am CT on Tuesday. Inflation expectations are overall well-anchored, if at levels a bit above where they were before the current episode began in 2021.

    Earnings season has arrived. Last week the JPM and C released their numbers,  This week the Regional Banks will start reporting results in addition to B of A, Morgan Stanley and Goldman Sachs, the Tech and consumer stocks the market will be very interested with are Tesla and Netflix. United Airlines reports as well.

    Expectations are certainly muted from a year ago, and the lowered expectations have already been inserted on the game board by most analysts and ratings firms. Therefore, any good news should have a positive impact on the indices continued grind higher.

    Of note this week is the Fed Black out period in advance of the July 25-26 meeting where traders are currently expecting another .25 rate hike after the last sessions pause.

     

    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.

    Futures Trading Levels

    for 07-18-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter: The Rising Wedge Trading Pattern + Levels for June 17th

    Cannon Futures Weekly Newsletter Issue # 1154

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    Have a safe Memorial Day Weekend. Trading Schedule HERE

    In this issue:

    • Important Notices – FX Trading Contest
    • Trading Resource of the Week – Trading Pattern: Rectangle Trading
    • Hot Market of the Week – August Live Cattle
    • Broker’s Trading System of the Week – ES Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    • Important Notices – FX Trading Contest

    Participate in the upcoming Currency Cup: FX Trading Challenge where you’ll trade our suite of highly liquid benchmark FX contracts in a risk-free environment while competing against other traders for the chance to win cash prizes.
    Learn how to trade FX futures and options
    Through participation in our challenge, you’ll receive daily exclusive educational videos where you’ll learn about the key benefits of trading FX futures contracts.
    Trade the world’s leading currencies
    Competition Dates
    Starts:
    Sunday, July 23 at 5:00 p.m. CT / 22:00 UTC
    Ends:
    Friday, July 28 at 12:00 p.m. CT / 17:00 UTC
    Prize Details
    Overall Leaderboard
    First Place Prize: $2,500
    Second Place Prize: $1,500
    Third Place Prize: $850
     This competition is open to residents in the United States (US), Canada (CA) excluding Quebec, *Brazil (BR), United Kingdom (UK), Germany (DE), Netherlands (NL), Switzerland (CH), United Arab Emirates (UAE), Dubai International Financial Centre (DIFC), Abu Dhabi Global Market (ADGM), Republic of Korea (KR), Taiwan (TW), and Japan (JP).
    *Residents of Brazil must have a bank account in the United States to be eligible to receive a prize.
    • Trading Resource of the Week – : Rectangle Trading Pattern

    By Joe Easton, Senior Broker
    Formation:
    •    This pattern is defined as price coming into a tight range between support and resistance
    •    This pattern is a continuation pattern. If the trend was up it will continue up and down it will continue down
    • Typically, volume is lower through this period of consolidation.

    Try a FREE demo of the platform used to show the charts in this educational article. The platform is FREE and has charts, news, DOM, T&S, Alerts, advanced order entry, options and MUCH MORE!
    In the examples above the range is creating a rectangle pattern in an uptrend. Ideally this pattern breaks higher without breaking lower support. If lower support is broken this pattern would no longer be a rectangle.
    How to Trade:
    The ideal entry is toward the bottom of the rectangle support. If entered on this line your stop should be below support. Price should bounce off support 2 to 3 times to be confident support is present.
    The more conservative entry would be when the resistance in the rectangle is broken. This can happen very quickly and needs to be timed more accurately. The lower support line then becomes your stop. You could also make the resistance line become your stop.
    When price breaks out you can measure the width of rectangle and project the price to move from the breakout that same distance at a minimum.
    Summary:
    Rectangles patterns exist in low volume consolidation in both uptrends and downtrends. Price corrects in two ways, time and price. This would classify more as a time correction considering price stays relatively consistent. Once price closes above the resistance you can expect the price to not retrace back into the rectangle. If there is a false breakout, the continuation is less likely to occur. Generally, if you are able to spot a rectangle you can expect the price trend to continue.
    Important: Trading commodity futures and options involves a substantial risk of loss.
    The recommendations contained in this chart are of opinion only and do not guarantee any profits.
    Past performances are not necessarily indicative of future results
    Hot market of the week 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.
    August Live cattle Is extending its rally into new highs where the chart is taking aim at its low percentage fourth upside PriceCount to the 183.30 area. This objective is consistent with the weekly chart High established last month it should be enough to satisfy this phase of the bull market.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $12,000
    COST
    USD 130 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    • Trading Levels for Next Week

    Daily Levels for July 17th, 2022
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Would you like to receive daily support & resistance levels?
    Yes
    No

    Weekly Levels

     

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 

    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.

     

    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.
  • More Powell and Crude Oil Numbers+ Levels for June 22nd

    Get Real Time updates and more on our private FB group!

    Bullet Points, Highlights, Announcements

    By Mark O’Brien, Senior Broker

     

    General:

     

    As of this typing, Federal Reserve Board Chairman Jerome Powell just wrapped up testifying before the House Financial Services Committee. Tomorrow he’ll testify in front of the Senate Banking Committee. These congressional appearances come on the heels of last week’s FOMC meeting where the central bank decided not to raise interest rates for the first time in eleven meetings. The key take-away: while inflation has eased – to just above 5% – the campaign to see inflation back to the bank’s 2% target “has a long way to go.” Moving at a pace that includes holding steady at this point, the chairman explained, will give policymakers time to analyze how higher rates are working to slow the economy.

     

    Agricultural

     

    Starting June 1, after a ± two-month / ±$2.00 price drop to below $13/bushel, July Soybeans have soared to today’s $15.19½ / bushel closing price, a ±$10,000 per contract move in 14 trade sessions. July corn prices started their lift-off a couple of weeks earlier and they’ve gained ±$2.00 / bushel – another ±$10,000 move – as well, as of today’s close of trading. U.S. crop conditions continue to worsen according to recent reports and forecasts for waves of cooler, wetter fronts returning and traversing a large area of the U.S. growing region into this weekend have been almost completely discounted.

     

    Metals

     

    Aug. gold traded to 3-month lows today, touching $1929.30 / oz. intraday, continuing a ±month and half slide from its spike high above $$2,100 ounce on May 4th.

     

    Softs

     

    Sugar (basis July) remained near ±12-yr highs around 25 cents / pound, but has remained choppy since its first foray to these highs back in April. Traders keep an eye on news related to Indian and Brazilian cane crop development in these important growing regions, particularly as the monsoon season approaches as this will provide guidance to this year’s crop development.

     

    Quick video on the difference between TOP of the BOOK ( level 1 ) and Level 2 quotes below

    Depth of Market, #DOM, Live Futures Quotes, Futures Trading platform, E-Futures, CME market data subscription, Real time data, Bids, Offers, #CME, #NYMEX, #COMEX, #CBOT

     

    Quick video on Projecting possible targets when trading futures below!

    Projecting possible targets when trading futures

     

    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.

    Futures Trading Levels

    for 06-22-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Level 1 and Level 2 quotes – Trading levels for June 21st

    Get Real Time updates and more on our private FB group!

     

    Fed. Chair, Powell will be testifying in congress tomorrow. Expect volatility during the speech.

    Quick video on the difference between TOP of the BOOK ( level 1 ) and Level 2 quotes below

    Depth of Market, #DOM, Live Futures Quotes, Futures Trading platform, E-Futures,  CME market data subscription, Real time data, Bids,  Offers, #CME, #NYMEX, #COMEX, #CBOT

     

    Quick video on Projecting possible targets when trading futures below!

    Projecting possible targets when trading futures

     

    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.

    Futures Trading Levels

    for 06-21-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Juneteenth Trading Schedule, Quadruple witching + Levels for June 16th

    Get Real Time updates and more on our private FB group!

     

    Start trading September currencies and stock indices.

    Tomorrow June index futures will expire into cash at 8:30 AM Central time.

    Monday, June 19, 2023 US bank will be closed in observance of Juneteenth. There will be no money transactions Wires, ACH, Internal transfer and or currency conversion.

    Please see modified trading schedule HERE.

     

    Quick video on Projecting possible targets when trading futures below!

    Projecting possible targets when trading futures

     

    Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.

      Volume in the June contracts will begin to drop off until their expiration next Friday, June 16th (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 June futures contracts through 8:30 A.M., Central Time on Friday, June 16th, they will be offset with the cash settlement price, as set by the exchange.

    The month code for September is ‘U.’  Please consider carefully how you place orders when changing over.

    Watch the video below on how to rollover your market depth and charts!

     

    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.

    Futures Trading Levels

    for 06-16-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Fed Pause Rates, ECB Tomorrow + Levels for June 15th

    Get Real Time updates and more on our private FB group!

     

    Don’t take anything for granted:

    By Mark O’Brien, Senior Broker

    It’s a big week for financial markets and their related futures contracts with interest rate decisions from three major central banks coming one after another: the U.S. Federal Reserve (which just decided not to raise rates for the first time in eleven months), the European Central Bank and the Central Bank of Japan.

     

    The Bank of Canada hiked rates last Wednesday to a 22-year high of 4.75%, having held rates steady since January.  The day prior, Australia’s central bank raised rates by a quarter point to an 11-year high and warned of further tightening ahead.

     

    One of the take-aways from last week’s surprise rate increases in Canada and Australia and today’s first-time respite by the Fed.: don’t take anything for granted.

     

    Economies around the world are experiencing disparate inflation trajectories compared to others – including the U.S. – and their central bank’s efforts to getting inflation down have started to deviate somewhat.  Financial and other futures markets, ever reacting to uncertainty – often overreacting – may become even more challenging arenas within which to trade.

     

    This is pretty clear set-up to submit again the usefulness of trading options – either in combination with your futures trading or exclusive of it.  Trading options offers a near limitless range of risk/reward scenarios to take on, from that on par with straight futures trading to substantially less to absolutely limited.  And because options are valued in part by their ever-decaying lifespans, they offer another component to a trade’s outcome: time value.

     

    If you think options aren’t for you, consider one sector’s growth in this area in the last recent years: equity index options.  Options in the E-mini S&P 500 and E-mini Nasdaq continue to see strong growth in participation and volume as market participants are increasingly turning to the them as part of their trading – and talk to your broker at Cannon Trading Co. for more information.

    See below the ADV ( avg. daily volume) for NQ and ES

    E-mini S&P 500 Options Annual ADV

    E-mini Nasdaq-100 Options Annual ADV

    Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.

      Volume in the June contracts will begin to drop off until their expiration next Friday, June 16th (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 June futures contracts through 8:30 A.M., Central Time on Friday, June 16th, they will be offset with the cash settlement price, as set by the exchange.

    The month code for September is ‘U.’  Please consider carefully how you place orders when changing over.

    Watch the video below on how to rollover your market depth and charts!

     

    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.

    Futures Trading Levels

    for 06-15-2023

     

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • NQ vs ES & Memorial Day Trading Schedule

    Get Real Time updates and more on our private FB group!

    Debt Ceiling, FOMC Minutes & Stocks – NQ vs the ES?

    Ilan Levy-Mayer

     

    Recently, we have listened to quite a bit of noise regarding the debt ceiling and the possible effect on the economy and the stock market. It is my personal opinion that a resolution will be reached and at that point we may see stocks going higher. Although it’s hard to tell and no one can predict the future, from technical perspective I’m looking at the NQ chart (E-mini Nasdaq 100) and the ES chart (E-mini S&P 500) and I feel that the NASDAQ 100 is stronger than the S&P 500. Hence I would look for a possible spread between the two indexes.

    In terms of a possible futures spread, I think a good ratio may be 2:3 – either with two LONG E-mini Nasdaq vs. three SHORT E-mini S&P 500, or two LONG Micro E-mini Nasdaq vs. two SHORT Micro E-mini S&P 500. This is based on recent price levels, volatility and trend.

    Below you will see a daily chart of both markets and levels to watch for.

    See chart and read the rest HERE

     

    Plan your trade and trade your plan. 

     

    Memorial Day 2023 Futures Trading Schedule

    Memorial Day 2023 Futures Trading Schedule

     

     

    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.

    Futures Trading Levels

    for 05-26-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • FOMC Minutes this week, Flash PMI Tomorrow

    Get Real Time updates and more on our private FB group!

     

    The Week Ahead:

    By John Thorpe, Senior Broker

    THIS WEEK FOMC Minutes will be the big mover in addition to ongoing Debt limit increase negotiations between The Executive and Legislative branches of government. Minutes of the FOMC meeting of May 2-3 will be released on Wednesday at 1:00PM CDT. In the immediate wake of the FOMC statement there was optimism that Fed policymakers were leaning toward a pause in interest rates after a swift raising of the fed funds target range by 500 basis points that began 13 months ago. However, Fed Chair Jerome Powell pushed back against that perception in his press briefing on May 3. Although, he did say last week that tight credit conditions may limit the need for further policy tightening. In the weeks since the meeting, other Fed policymakers have cautioned against being too certain that more rate hikes are not on the way.

    The minutes are likely to reinforce these views, and that these views probably haven’t shifted. The economic data released in recent weeks point to a still strong labor market and continued stubborn inflation. This is the formula that has kept the Fed on a path of further tightening to address imbalances in the labor supply/demand and reduce demand for goods and services that are pushing up prices.

     

    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.

    Futures Trading Levels

    for 05-23-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Futures Trade Alerts you can PLUG in Sierra Charts + Trading Levels 4.21.2023

    Get Real Time updates and more on our private FB group!

    July is front month for GRAINS and SOFTS.

    Flash PMI tomorrow.

    Would you like to try the signals below on your own charts? The below is ES 10,000 volume chart from today’s session.

    Get your FREE TRIAL today.

     

     

    HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

    ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

     

    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.

    Futures Trading Levels

    for 04-21-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

     

    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.

  • Weekly Newsletter: Trading Signals on your Charts! + Levels for April 17th

    Cannon Futures Weekly Newsletter Issue # 1141

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    • Important Notices – Goodbye Eurodollar 🙁
    • Trading Resource of the Week – Live Customized Trading Signals on your Charts
    • Hot Market of the Week – June Gold
    • Broker’s Trading System of the Week – E-mini SP Intraday System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    • Important Notices – Goodbye Eurodollar

    Heads up traders:
    Today we say goodbye to a commodity that for ±20 years starting in the early 2000’s held the title of largest open interest futures contract in the world: the Eurodollar. Long the benchmark for hedging short-interest rates, it is being replaced today by the Three-Month Secured Overnight Financing Rate (SOFR) Futures.
    SOFR measures the cost of borrowing U.S. dollar cash overnight using Treasury securities as collateral. SOFR has been recommended by the U.S. Federal Reserve’s Alternative Reference Rate Committee (ARRC) and SOFR looks set to become the main indicator of U.S. dollar interest rates around the world as global regulators encourage market participants to transition to SOFR.
    CME Group launched SOFR-based futures in 2018 to support the transition. Starting today, any Eurodollar exposure where the start date is beyond June 30, 2023, will automatically convert to the corresponding CME SOFR. For more information regarding the conversion process, please visit the CME Group web site.
    • Trading Resource of the Week – Customized Trading Signals

    Try our in-house created family of technical studies
    Free 3-week trial includes video tutorial and 23-page PDF e-book, explaining the studies’ approach and how to apply them to your trading.
    Approach focuses on counter-trend and trend following price action and trade management.
    Some examples for educational purposes below in the screen shot
    #ES, Mini S&P

    ES Futures charts with buy sell indicators

     

    Hot market of the week 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.
    June Gold is approaching its second upside PriceCount objective where it would be normal for the chart to react with a near term consolidation or corrective trade upon satisfying the count. At this point, IF there is another leg up to this bull run, the 3rd PriceCount objective run is towards the 2261 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    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.
    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $12,000
    COST
    USD 130 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    • Trading Levels for Next Week

    Daily Levels for April 17th, 2022
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Weekly Levels

     

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    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

  • Short Covering? 04.14.2023 Trading Levels

    Get Real Time updates and more on our private FB group!

     

    Yesterday’s CPI print with FOMC minutes triggered a sell off into the market. Coming into today, the jobless claims news triggered a rally. Despite us selling off yesterday, bulls were able to regain back control as dips has been bought.

    As this plays out, people who are short managed to get squeezed out fueling the market higher like today.

    Is this a short covering or a resumption of short term uptrend? In my opinion tomorrow’s report will provide additional clues.

    See 30 minute chart below.

     

    ES Mini S&P Futures chart

     

    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.

    Futures Trading Levels

    for 04-14-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Economic Reports, Source: 

    Forexfactory.com

     

     

    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.

  • Weekly Newsletter: Good Friday Schedule + Levels for April 3rd

    Cannon Futures Weekly Newsletter Issue # 1140

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    • Important Notices – Good Friday Schedule along with NFP report
    • Trading Resource of the Week – Free Webinar Trading Terminal for Professional Traders & Hedgers
    • Hot Market of the Week – May Silver
    • Broker’s Trading System of the Week – VS beta45 intraday NQ1 E-mini Nasdaq
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    • Important Notices – Good Friday Schedule and NFP Report

    Heads up traders. This coming Friday, April 7th will be somewhat of an irregularity. It is a trading holiday (Good Friday) and simultaneously the first Friday of the month, when the Labor Department will release its monthly Non-farm payrolls report.
    While the major CME Group futures markets with 4:00 P.M. Central Time closings will finish the week’s trading at that regular time on Thursday, June 5th, at the regular 6:00 P.M. start of trading, energy, grains and metals will remain closed. Only interest rate, equities, currencies and cryptocurrencies will open and will close early Friday morning as follows:
    Interest rate: 10:15 A.M. Central Time
    Equities: 8:15 A.M.
    Currencies: 10:15 A.M.
    Cryptocurrencies: 10:15 A.M.
    This will give some of the most actively traded and report-sensitive instruments only a limited amount of time to react to what is widely considered to be one of the most important and influential measures of the U.S. economy – on a day that will likely see reduced volume.

     

     

    • Trading Resource of the Week – LIVE WEBINAR

    QT Market Center – Trading Terminal for Professional Traders & Hedgers (Grain, Livestock, Energies, Metals and More!)
    When: Thursday April 6th at 2 PM Central Time
    Mark Bucaro, an ex floor trader will share some of the features and tools QT offers and how you can possibly use it to help your TRADING and HEDGING.
    In this webinar you will learn and see live examples:
    • Pre-Opening Comments for Financials, Metals, Ags, and Softs.
    • Cycle Timing Commentary for Grains
    • David Hightower daily market analysis
    • Market Calendar
    • Web based Platform Access, Desktop (Smartphone & Tablet Access included Free) from virtually any computer anywhere there is an internet connection
    • Easy to use Point and Click with Multi Screen Capability
    • Profitability Cost Calculator – Input your costs and get your profitability results in seconds
    • Realtime Live Streaming Agricultural & World Weather Audio Market Commentary Updates (accessible from Desktop, Tablet & Smartphone when out in the field)
    • Access Current and 11+ years of Archived USDA Reports,
    • Realtime Agricultural/Livestock/Ethanol-Energy News, Weather, Audio Charts, & Quotes and more all from one platform – Desktop, Tablet, Smartphone Accessible
    • Daily Chart of the Day Subscription with Price Counts Price Forecasting Levels Included
    • Proprietary Price Counts Price Forecasting Tool
    • Chart Overlays
    • Seasonal Charts
    • Grain Bids Directory with approximately 16,000 bids

     

    Hot market of the week 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.
    May silver has rallied back for a challenge of the winter highs. At this point breakout into new sustained highs would project a run to the third PriceCount objective of the 26.13 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    cc
    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.
    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $35,000
    COST
    USD 475 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    • Trading Levels for Next Week

    Daily Levels for April 3rd, 2022
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Weekly Levels

     

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    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

  • The Fed Breaks its’ silence! + 03.21.2023 Trading Levels

    Get Real Time updates and more on our private FB group!

    The Week Ahead: FOMC, The FED breaks its Silence..

    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

    Beyond the FOMC data this week, we have some housing data that my cause our markets to flinch, Existing home sales tomorrow @ 9:00am CDT. Expectations are for a gentle rise from January’s numbers to 4.17 million units. With initial claims for unemployment on Thursday @7:30 CDT before New Home sales @ 9am CDT.  Have a safe trading week, Plan your trade and trade your plan.
    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.

    Futures Trading Levels

    03-21-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter #1134: Gold Outlook + President’s Day Schedule + Trading Levels 2.20.2023

    Cannon Futures Weekly Newsletter Issue # 1134

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:

    • Important Updates: President’s Day Trading Schedule
    • Trading Resource of the Week – Measuring Your Trading Progress
    • Hot Market of the Week – Gold Futures
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Presidents Day Futures Trading Schedule 2023

    GLOBEX CME, ICE Presidents Day Futures Trading Schedule 2023

    At some point in nearly everyone’s trading timelines, they wonder how their trading successes (or failures) compare with those of other traders. Wondering just how well you stack up to other traders in the industry is a natural curiosity and a human psychological tendency. However, actually knowing the success or failure rates of others doesn’t do a lot to move you farther down the road of where you want to be regarding trading success.
    Most traders also wonder about the success rates of the “professional” traders—the ones who make their living solely by the profits they generate from trading. I will provide you with an answer to this question at the end of this feature.
    Below are 10 questions regarding measuring your own trading progress and success. These questions should help you determine where you stand in this challenging field of endeavor.
    1. What is trading “success?” This is a most basic question. Most would agree that ultimate trading success is defined as being profitable at trading—making more money than you lose. There are other secondary factors that also define success in trading, such as finding a “balance” between trading and other life activities. But it’s being profitable at trading that is the benchmark of defining success.
    2. What is trading “progress?” Beginning traders should not expect to have immediate and ultimate success trading futures, stocks or FOREX markets. What they can expect in the early going is to make steady progress through gaining knowledge and experience. Even veteran successful traders continue to make trading progress. Achieving and maintaining trading success requires continual progress—namely continuing to seek out trading and market knowledge. Traders who truly enjoy the “progress” and process of trading do have a significant trading edge over those who do not enjoy learning and gaining experience.
    3. At what point in my trading timeline should I expect trading “success?” Trading success (winning trades) can come right away—even for the beginning traders. What is less likely for the inexperienced traders is sustained trading success. Beginners can even run into a “hot streak” that skews the overall reality of trading. Immediate (and likely fleeting) success for a beginning futures trader can do longer-term psychological harm—if he or she does not fully recognize and understand the hard work and perseverance required on the road to trading success. Many times I get questions from less-experienced traders that go something like this: “I’ve been trading two years and I’ve only been able to about break even.” My reply to them is, “Hey, you should not be too discouraged with those results. Many traders don’t have that kind of success in the early going.”
    Hot market of the week 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!
    April Gold satisfied its first upside PriceCount objective last month and could not sustain further strength. Now, the chart has activated downside counts on the correction lower. The first objective projects a run to the 1797. It would take a trade below the November reactionary low to negate the remaining upside targets.
    #GC

    April Gold Futures Chart

    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.

     

    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    • Trading Levels for Next Week

    Daily Levels for February 6th, 2022
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    Weekly Levels

     

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    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

  • Indicators used for Trailing Stops & Exits? + 02.03.2023 Trading Levels

    Get Real Time updates and more on our private FB group!

    Tomorrow we have BOTH NFP (unemployment) followed by ISM.

    Curious on an indicator that can help you with EXITS? How about using a certain indicator as a trailing stop?

    Watch the latest trading videos we have posted and see if you can pick a tip or two on trading smarter!

    In this week’s newsletter we are sharing four videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you

    1. Using Bolinger Bands as a possible tool for exiting trades

    2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop

    3. Different ways traders can utilize support and resistance levels in their trading.

    4. Entering trades on a stop, using “price confirmation”.

    5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.

    Watch the videos instantly by clicking here

    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.

    Futures Trading Levels

    02-03-2023

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter – Hogs Spread Idea, Holiday Schedule + Levels for 12.19.2022

    Cannon Futures Weekly Newsletter Issue # 1126

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:
    • Important Notices – Holiday Trading Schedules
    • Trading Resource of the Week -Moore Research Center Inc.
    • Hot Market of the Week – ?
    • Broker’s Trading System of the Week
    • Trading Levels for Next Week
    • Important Notices – Christmas and New year’s Trading Schedules

    • Trading Resource of the Week

    Here’s a futures spread idea from our friends at Moore Research ( FREE TRIAL ESPECIALLY for Cannon’s clients and blog readers!). This is a calendar spread in lean hogs. Moore Research specializes in seasonal research designed to anticipate future price movement rather than constantly react to an endless stream of news. Like the annual cycle of weather from warm to cold and back to warm, annual cycles in supply and demand can produce seasonal price movement. This calendar spread in lean hogs is an idea in that concept. Retail pork consumption peaks around July/August, at the tail end of the low point in slaughter. With cold storage inventories reduced by end of August and slaughter still low, the market bids October futures higher over April, when stocks near their peak. Contact your Cannon Broker for additional assistance.
    Performance Snapshot
    Below is a performance snapshot of the seasonal trend for each of the last 15 years. You can find average gain/loss, best/worst equity (based on one futures spread contract), and more.
    A Cannon broker will be able to assist, provide feedback and answer any questions about spreads, seasonal tendencies, options and MUCH MORE!
    Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Cannon Trading believes are reliable. We do not guarantee that such information is accurate or complete, and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
    SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYING FUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVEN IF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILL RECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
      • Hot market of the week 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!

    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.

     

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Swing
    Recommended Cannon Trading Starting Capital
    $30,000
    COST
    USD 65 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    • Trading Levels for Next Week

    Daily Levels for December 19th

    Weekly Levels

     

     

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    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

  • Weekly Newsletter – Trading Resources and more! 12.05.2022

    Cannon Futures Weekly Newsletter Issue # 1124

     

    Join our private Facebook group for additional insight into trading and the futures markets!

    In this issue:
    • Trading Resource of the Week
    • Hot Market of the Week
    • Broker’s Trading System of the Week
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    • Trading Resource of the Week

    If you traded recently while Powell was speaking, perhaps during a CPI report or even more so as NFP (non farm payrolls) numbers come out – YOU KNOW HOW IMPORTANT THESE NEWS ITEMS ARE!!
    TRADETHENEWS.COM IS A SERVICE WHICH PROVIDES BREAKING NEWS VIA AUDIO AND TEXT. INSIGHT INTO HOW THE MARKET IS REACTING AND MANY OTHER VALUABLE TOOLS!
    The First
    To provide audio news squawks in 1998.
    Entering our second decade of market
    moving analysis.
    Depth of Coverage
    Professional analysts broadcasting 24 hrs
    for American, European and
    Asian markets.
    Speed
    Analyst teams are recognized
    globally as the fastest source
    for market intelligence.
    Diverse Platform Offerings
    Audio, text headlines, calendars and ability to ask questions to analysts live through platform.
    Unbiased Insight
    Completely independent – Unlike other services,
    Trade The News is not backed by any trading firm.
    Confidence
    Extensive 10+ year proprietary databases
    that allow analysts to back check news instantly to prevent errors.

    • Hot Market of the Week – Feb Gold

    Hot market of the week 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!

    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.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $10,000
    COST
    USD 175 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

     

    • Trading Levels for Next Week

    Daily Levels for December 5th

    Weekly Levels

     

     

    • Trading Reports for Next Week

    First Notice (FN), Last trading (LT) Days for the Week:

    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

  • Gold Looking For Attention + Trading levels for 11.15.2022

    Get Real Time updates and more on our private FB group!

    PPI final this week!

    Gold may again be on the March.

    By John Thorpe, Senior Broker

    Recently we have had a bit of a breakout in the spot gold contract prices traded through our platforms and the CME/Nymex. The contract is a 100 troy oz deliverable contract GCZ22. There are also , smaller sized contracts, Micro’s MGCZ22 10 troy ounces and Mini’s QOZ22 50 troy ounces Financially settled.  These contracts offer not only a great day trading tool but also a wonderful way to control an interest in a tangible asset class. Much has been, currently is and will continue to be written about Gold as a hedge during times of uncertainty. How prices will move as an effect of whatever the cause will always be open for debate.

    From Executive order 6102 signed in 1933, President Franklin Roosevelt forbid the hoarding of gold coin, bullion and certificates to the initiation of the gold standard from the 1944 Bretton Woods agreement, to Nixon’s “temporary” suspension of the dollar’s convertibility into gold in 1972, Global Governmental policy has often interceded in the convertibility of the U.S. Dollar and the value of gold in the past 100 + years. Wherever the price of gold has been or where it is currently headed, there is no doubt that it remains a valuable asset class of it’s own so it does bear to watch the price closely as it appears to be breaking from a long slumber.  In the short run I see Dec 22 and Feb 23 gold prices needing to test lower levels around 1738 1744 respectively, before this market, if a breakout is in the cards, will develop into a true upside breakout and in fact, will test multi year highs. Personally, I believe the fundamentals aren’t quite right for a big move from here, but the technical indicators certainly are screaming “look at me”, for now I will watch and wait.

     

    Daily chart for your review below.

    Plan your trade and trade your plan.

    #GC; Daily Gold Futures Chart

    Daily Gold Futures Chart

    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.

    Futures Trading Levels

    for 11-15-2022

    #goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

    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

     

    Economic Reports, Source: 

    Forexfactory.com

    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.

  • Veterans Day, Price Banding + Trading levels for 11.11.2022

    Get Real Time updates and more on our private FB group!

    This morning at 7:30 A.M., Central Time / 5:30 A.M., Pacific Time, the Bureau of Labor Statistics released its Consumer Price Index Report, which measures the prices paid by consumers for a basket of consumer goods and services.  Instantly, stock index futures experienced EXTREME volatility.  The E-mini $5 Dow Jones futures contract (YMZ22) jumped ±500 points (a ±$2,600 per contract move) in less than 10 seconds. The E-mini S&P 500 futures contract (ESZ22) jumped ±100 points (a ±$5,000 per contract move) within that same short span of time.

    What happened?  We wrote about this topic in detail a few weeks ago.  Read More!

    If you are a day trader, make sure to check your calendar for when these important reports will occur.  Not being prepared may result in severely consequential results for your trades and your account.

    Check out the 10-second chart below showing today’s market movement.

    Also tomorrow is Veteran’s Day.   While banks are closed, the futures markets will be open regular hours.

    Plan your trade and trade your plan.
    #ES, Mini S&P Chart

    Mini S&P 10 Second Chart

    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.

    Futures Trading Levels

    for 11-11-2022

    #goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

    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

    Economic Reports, Source: 

    Forexfactory.com

    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.

  • Weekly Newsletter 1122: Volume Profile, Order Flow & Footprint Charts + Levels for November 7th

    Cannon Futures Weekly Newsletter Issue # 1122

     

    If you’re not living in Arizona, Hawaii or a few other U.S. territories, get ready to wave goodbye to Daylight Savings Time. This Sunday at 2:00 A.M., local time (that’s right, each time zone switches at a different time) set your clocks back one hour and welcome back to Standard Time.
    International Traders please pay special attention and remember to adjust on your local time zone to the reflect current market hours.

     

    Volume Profile, Order Flow & Footprint Charts

    VolSys (Volumetrica Trading) is a professional trading platform which its main goal is the analysis of the volume profiles, time and sales, order flow and footprint all developed by a group of individual traders.
    The trading platform has all you need for fast and convenient market evaluation – Adv. Time And Sales, Adv. Chart, Correlation Viewer and HFT algorithms tracking. Our platforms process the order flow data and display it in an innovative and intuitive way.
    The Trading platform provides one-click chart and DOM trading in order to help scalper and day traders.
    VolSys offers the most powerful indicators (Volume Profile, Order Flow Analyzer, Footpring etc) in order to understand the market movements through the volume analysis, while VolBook offers an innovative way to view the depth of the market.

    Hot Market

    Will the NQ and little brother MNQ test the October 13th lows?
    FOMC and non Farm Payrolls are behind us but Election week is next….
    Will it test?
    Will it hold support?
    If it breaks below what are the next levels?
    Daily chart below for your review. CLICK FOR LARGER IMAGE.
    #NQ, Stock Index Futures

    Emini Nasdaq Futures Daily Continuation Chart

     

    Futures Trading Levels

    11-07-2022

    Daily Levels
    #goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

    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

    Weekly Levels

     

     

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates

    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

  • Pay Attention to the Road Signs While Trading + Trading Levels 10.27.2022

    Get Real Time updates and more on our private FB group!

    Pay Attention to the Road Signs…..

    by Mark O’Brien, Senior Broker

    Please be aware of the potential for the market you’re trading to react suddenly and forcefully in terms of price change. The most common catalyst is one typically staring right at you on your calendar of government and private reports. “Core” economic reports likely take center stage for stock indexes and treasuries. Currently that list includes measurements on the U.S. employment rate, inflation (CPI, PPI) business and consumer confidence and the like. Markets closely tied to the global economy like crude oil and its products, precious metals (gold & silver), industrial metals (copper, platinum) and currencies also react to U.S. reports. The U.S. is well on through its grain harvesting season when regional yields are being closely monitored and compiled to produce the totals that will be combined with the rest of the world’s production. At the same time, important southern hemisphere crops – particularly in South America – are just developing and estimates on their contribution to the world’s grain demands are being watched by the “big three” futures contracts on the CBOT: corn, wheat and soybeans.

    Last but not least, earnings…..take a look at what happened yesterday on the NQ and MNQ right at the close of the cash market in stocks ( below is a 10 seconds chart – yes, TEN SECONDS…):
    #MNQ

    Micro NQ 10 seconds Chart

     

    Please register for QT Market Center – Price Counts Forecasting & Professional Trading Tools on Nov 9, 2022 11:01 AM PST at:

    https://attendee.gotowebinar.com/register/8624681785028468236

    In this webinar you will learn and see live examples:

     

    • Proprietary Price Counts Price Forecasting Tool

    • Realtime Agricultural/Livestock/Ethanol-Energy News, Weather, Audio

    • Daily Chart of the Day Subscription with Price Counts Price Forecasting Levels Included

    • Realtime Live Streaming Agricultural & World Weather Audio Market Commentary Updates (accessible from Desktop, Tablet & Smartphone when out in the field)

    • Access Current and 11+ years of Archived USDA Reports,

    SPACE is LIMITED, so reserve your space now!

    https://attendee.gotowebinar.com/register/8624681785028468236

    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.

    Futures Trading Levels

    for 10-27-2022

    #goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

    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


    Economic Reports, Source: 

    Forexfactory.com

    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.

  • In House Trading Indicators Free Trial + Futures Trading Levels 10.12.2022

    Get Real Time updates and more on our private FB group!

    Try our in-house created family of technical studies

    • Identify BUY and SELL signals
    • Plug into your own charts
    • Select your own market and timeframe

    Free 3-week trial includes video tutorial and 23-page PDF e-book, explaining the studies’ approach and how to apply them to your trading.

    Approach focuses on counter-trend and trend following price action and trade management.

    Examples from Friday’s session using the E-mini SP500 chart below for your review. This is a 10,000 volume chart right before and after the NFP report.

    As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

     

    Emini S&P 10,000 Volume Bar Chart

    #ES #EminiFutures

    The above chart is an example of mostly “good signals”. Like any other concept, this model has “failed signals” as well and it is always MUCH easier to explain and review any method looking back after the fact then when one is trading live money in real time. Please read disclaimer below as it is VERY appropriate.

    HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

    ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

     

    Leading Trading Platform for Hedgers, Farmers and Global Traders:

    • Custom and Preset Quote Pages
    • Charts
    • Options
    • QT News
    • Weather
    • QT Audio
    • Messaging
    • Bids
    • Electronic Buy/Sell Grain System
    • Order Entry Abilities
    • RTD Live-link to Excel
    • Producer Profitability Calculator

    FREE TRIAL

    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.

    Futures Trading Levels

    for 10-12-2022

    #goldfutures #sp500futures #crudeoilfutures # nasdaqfutures #dowfutures #futurestrading #futuresbrokers

    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

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • Weekly Newsletter 1103: Learn to use Bollinger Bands & Parabolics when trading + Futures Trading Levels 6.27.2022

    Cannon Futures Weekly Newsletter Issue # 1103

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!

    Trading Videos 201: Bollinger Bands, Parabolics, Price Confirmation and more!

    Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.

    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 when it comes to Futures Trading.

    Futures Trading Levels

    06-27-2022

    Futures Trading Support + Resistance Levels 6.27.2022

    Weekly Levels

    Weekly Futures Trading Support + Resistance Levels

    Weekly Trading Levels for 6.27-7.01

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates
    MRCI Reports

    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

  • Learning The Different Types Of Charts And Patterns & Support and Resistance Levels 5.03.2022

    Get Real Time updates and more on our private FB group!

    Learning The Different Types Of Charts And Patterns Will Be Another Arsenal In Your Trading Tools!

    Ascending Triangle Futures Trading Chart Pattern
    What is an Ascending Triangle Futures Chart Pattern?
    An ascending triangle is a bullish futures pattern that can indicate a breakout in the upwards direction.
    How do I Recognize an Ascending Triangle Futures Chart Pattern?
    An ascending triangle is formed when resistance remains flat and support rises.

    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.

    Futures Trading Levels

    05-03-2022

     

     

    Improve Your Trading Skills

    Get access to proprietary indicators and trading methods, consult with an experienced broker
     1-800-454-9572 Explore trading methods. Register Here


    Economic Reports, Source: 

    Forexfactory.com

     

    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.

  • 3 Main Types of Trading Days, 30 Year Bond Chart Review & Support and Resistance Levels 11.12.2021

    Dear Futures Trader,

    Get Real Time updates and more on our private FB group!
    Yesterday we had a nice volatile day, with price action both up and down and then we followed it today ( Veteran’s Day, banks are closed) with very choppy, much narrower price action. Tomorrow is Friday, after a quiet day and with some meanigful reports – which encouraged me to share the following with you on the different types of trading days:

     In my opinion there are 3 main types of trading days:

    1. The most common day are two sided trading action with swings up and down – this type of trading day is most suitable for using support and resistance levels along with overbought/oversold indicators.
    2. Strong trending days, mostly one directional – this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most – this type of trading day is most suitable for using ADX, MACD crossovers and pretty much looking for pullbacks to jump on the trend perhaps with the help of parabolics.
    3. Slow and/or choppy trading days – this type of trading day is best suited for taking small profits from the market by looking at volume spikes, using stochastics as possible entry signals and usually wait for a pullback before jumping in.
    ·A good question I’ve been asked is how can one asses what type of trading day we will have while the market is still trading….I have been doing some work in finding the answers and will be happy to hear feedback via email but here are some initial observations:
    1.  Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session (primary session is when the cash/stock market is open)
    2. Mondays have the highest chance for trending days
    3. The behavior of the first hour of trading can also suggests the type of action for the rest of the day.
    4. If the first 30 minutes of the trading day have good volume, better chances for type 1 or type 2 trading days.
    5. Low volume during the first 30 minutes can suggest a choppy (type 3 trading day)
    6. Are there other strong trends in other sectors? ( bonds? metals? energies? Dollar index? )
    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.
    Hourly/ 60 minutes chart click for larger image) of the 30 yr bonds (ZB or USA) for your review below. I have heard from some clients that they “like the personality of the bonds” better than the ES and NQ. Different dynamics, larger tick size – may be worth your time to follow and try in SIM MODE first
    Futures US Treasury Bond 60 minute Chart
    If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

    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 when it comes to Futures Trading.

     

    Futures Trading Levels

    11-12-2021

     

    Futures Support and Resistance Levels 11.12.2021


    Economic Reports, source: 

    https://bettertrader.co/ 

    BetterTrader Reports

     

    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.

  • Weekly Newsletter 1073: Using Tick/Volume charts and Oscillators for Scalping & Trading Levels for the Week Ahead

    Cannon Futures Weekly Letter Issue # 1073

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!

     

    Day Trading 201: Using Tick/Volume charts and Oscillators for Scalping

    Using tick charts and oscillators for day-trading (by Ilan Levy-Mayer VP of Cannon Trading and CTA at Levex.net )
    I really don’t think anyone has found a “perfect way” to day-trade.
    Different techniques work well in different market environment.
    In this week short educational feature, I will touch on one technique you can add to your trading arsenal. This technique works better on choppy, two sidedway and/or volatile markets. It does NOT work well when the market has a strong trend.
    The chart below illustrates a few principals I like:
    1. It uses a tick chart rather than a time chart. I like tick charts ( range bar, volume charts, renko) better when day-trading shorter time frames for the simple reason it already includes a big factor in the market, VOLUME. If you are using a 5 minute chart for example, you may get signals simply because time “has passed” and certain indicators you are using adopt certain values. When using tick charts during periods where there are lots of movement, you won’t have to wait until your time frame bar closes to get your signal, volume becomes a bigger more important part of your trading decision.
    2. The other part for this trading approach is to use overbought/ oversold indicators in an attempt to catch exhuastion in selling or buying and catch the counter trend move. Sometimes that move will be minor, sometimes it will be a trend reversal and at other times just a little pause in a strong trend….no crystal balls here, just another tool to observe and consider in your trading. In the PDF you will see the same indicators, same market, same time frame BUT using different type of charts…..

    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 when it comes to Futures Trading.

     

    Futures Trading Levels

    11-01.2021

     

    Futures Levels 11.01.2021

    Weekly Levels

     

    Reports, First Notice (FN), Last trading (LT) Days for the Week:

    https://mrci.com

    Date Reports/Expiration Notice Dates

    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

  • Futures Trading Levels for Oct. 28th 2021

    Dear Traders,

    Get Real Time updates and more on our private FB group!
    🙂
    Today is the day for some futures market philosophy.
    But first, a heads up: Start trading in January beans – November beans entering first notice day.
    You should be already trading December natural gas.
    My colleague, Mark O’Brien shared this with me today as he heard my frustration with some of the trades and markets…
    “Every battle is won or lost before it is ever fought.”
    Sun Tzu
    The Art of War
    This passage  that dates back the 6th century B.C. , can aptly be applied to trading futures. Prepare for each trade and set your risk.  If the initial outcome is favorable, use your enemy’s (the market’s) resources (move your stop) to sustain your trading.
    Don’t engage in extended battles (over trade) and consume your resources (money, time, mental energy).
    Your “enemy,” (the market) only has the power to destroy your account if you let it.

    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 when it comes to Futures Trading.

    Futures Trading Levels

    10-28-2021

    Support & Resistance Levels for 10/28/2021

    Support & Resistance Levels for 10/28/2021

    Did you know?

    Cannon offers over 10 TRADING PLATFORMS CLICK HERE for a demo


    Economic Reports, source: 

    https://bettertrader.co/ 

    Better Trader Report 10/28/2021

    Better Trader Report 10/28/2021

    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.

  • Order Flow, Buy & Sell Zones, & Support and Resistance Levels 9.24.2021

    Dear Traders,

    Get Real Time updates and more on our private FB group!
    Separator

    Yesterday we hosted a very interesting webinar with Bookmap about order flow, buy and sell zones, liquidity of large orders and MUCH MORE.

    On a personal level I really enjoyed the information as I am the type of guy who has been looking at indicators/ volume charts, range bar charts and probably many of the things that many of futures traders are used to. The data and information shared yesterday during live market hours with forward thinking analysis was very interesting to me and I will do more homework on the topic.

    If you did not attend the webinar and would like to see a recording, CLICK HERE.

    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 when it comes to Futures Trading.

     

    Futures Trading Levels

    9-24-2021

    Economic Reports, source: 

     www.BetterTrader.co

    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.

Trading Expertise As Featured In

Loading
Loading

Loading
Loading
Loading

Loading