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.

  • USDA Report Tomorrow + 03.31.2023 Trading Levels

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

    USDA prospective plantings report tomorrow at 11 AM Central Time

    From our friends at Hightower Report

    SOYBEANS

     

    For the USDA prospective plantings report on Friday, the average trade expectation for US soybean plantings is

    88.3 million acres, with a range of expectations from 87.4 to 89.6 million. This would be up from 87.5 million last

    year. The USDA Outlook Forum had planted area at 87.5 million acres as well.

     

    For the Quarterly Grain Stocks report, US March 1 soybean stocks are expected to come in around 1.728 billion bushels (range 1.600-1.910 billion) versus 1.932 billion last year. Brazil may need to supply up to half of the soybeans that Argentina will import after the worst drought in 100 years devastated its fields and cut 2023 output nearly in half.

     

    Argentina may need to import up to 10 million tonnes of soybeans. For the weekly export sales report, traders see soybean sales near 100,000-600,000 tonnes for old crop and another 50,000-300,000 tonnes for new crop. Meal sales are expected near 75,000-250,000 tonnes and oil sales are expected near zero-20,000 tonnes.

     

    TODAY’S MARKET IDEAS:

    Look for support in November Soybeans at 1291 3/4, with 1316 and then 1337 1/2 as key resistance. July Soybean support is at 1443, with 1464 3/4 as next key resistance. July Soybean Meal support is at 447.30, with 459.10 and 465.70 as resistance.

     

    CORN

     

    For the USDA planted acreage report on Friday, traders see US corn plantings near 90.9 million acres, 87.7-92.1 range, as compared with 91 million acres from the USDA Outlook forum and from 88.6 million last year. We lean to the higher end of estimates.

     

    Traders see March 1 corn stocks at 7.474 billion bushels which would be the lowest since 2014. The range of estimates is 7.240-7.830, as compared with 7.758 billion last year. For the weekly export sales report, traders see corn sales near 600,000-1.8 million tonnes for old crop and 50,000-300,000 tonnes for new crop.

     

    WHEAT

     

    For the USDA planted acreage report on Friday, traders see all wheat planted area at 48.9 million acres, 45.7-50.0 range, as compared with 49.5 million acres from the USDA Outlook Forum. Spring wheat planted area is expected near 10.9 million acres, 9.8-12.0 range, as compared with 10.8 million acres last year. Winter wheat plantings are expected near 36.3 million acres from 33.3 million in 2022. Traders see wheat stocks as of March 1 at 929 million bushels, 875-1.020 billion range, as compared with stocks last March at 1.029 billion bushels last year. For the weekly export sales report, traders see wheat sales near 125,000-300,000 tons for old crop and 0-150,000 tons for new crop.

     

    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 03-31-2023

    #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.

  • GDP Tomorrow + 03.30.2023 Trading Levels

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

    The Rest of the Trading Week Ahead:

    By Mark O’Brien, Senior broker

    Tomorrow is GDP – Market moving event.

    This Friday is First Notice Day for April gold. Holding long positions in this futures contract into Friday subjects you to receiving a delivery notice from the exchange for 100 ounces of gold. You would then be required to have the full notional value of each 100-ounce futures contract on deposit in your account.

    This upcoming event may not apply to any positions in your account this time, but if you ever take a long position in a futures contract where the method of settlement for that contract is the exchange of the actual physical asset, for example 100 ounces of gold, 5,000 bushels of oats, 37,500 pound of Arabica coffee, then you need to be mindful of those dates on the calendar that relate to the futures contracts you trade – Like First Notice Day. It can be a costly mistake even if you overlook an important date and find yourself in need of having to change your mind. After being informed that your account has received a delivery notice and you move to do an about-face – called retendering in futures parlance – the exchange may present you with a fine for your disregard of the calendar. Be careful.

    For the grain markets and impact on livestock prices, Friday will mark the once a year prospective plantings report.

    For our Grain Traders and Bona Fide Hedgers

    This piece of information from one of our partners,

    QTMarketCenter ( sign up for a free trial and enjoy plathora of information!)

    Offers expectations for Friday’s big and all important USDA Prospective Plantings report and USDA Quarterly Grain Stocks —

    Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Soybean stockpiles at 1.73 bln bu, that compares with the 1.93 bln bu on March 1, 2022

    — Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Corn stockpiles at 7.47 bln bu, that compares with the 7.76 bln bu on March 1, 2022

    — Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Soybean acres at 88.3 mln, that compares with last season’s 87.5 mln acres. The data will be released Friday, March 31 around 11:00 am CT.

    — Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Corn acres at 90.9 mln, that compares with last season’s 88.6 mln acres. The data will be released Friday, March 31 around 11:00 am CT.

     

    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 03-30-2023

    #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

     

    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.

  • Big Grain Report this Friday + 03.28.2023 Trading Levels

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

     

     

    The Week Ahead:

    By John Thorpe, Senior broker

    There are few reports with market-moving potential in the March 27 week for the financials, However, for the grain markets and impact on livestock prices, Friday will mark the once a year prospective plantings report.

    The third and final estimate of GDP for the fourth quarter 2022 will be reported at 7:30 CDT on Thursday. With the first quarter 2023 already nearing its end, there is far more interest in economic conditions in the January-March period.

    Meanwhile, Fed policymakers will be back in public after the end of the communications blackout period from the March 21-22 FOMC meeting. No comments will be more closely attended to than Vice Chair of Supervision Michael Barr’s appearance before the House Financial Services Committee on Wednesday at 9:00 CDT. Aside from the committee’s posturing, Barr’s written testimony and responses to questioning will be a warning to other banks to clean up their risk management and any overreliance on narrow business sectors.

    For our Grain Traders and Bona Fide Hedgers

    This piece of information from one of our partners,

     

    QTMarketCenter

    Offers expectations for Friday’s big and all important USDA Prospective Plantings report and USDA Quarterly Grain Stocks —

    Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Soybean stockpiles at 1.73 bln bu, that compares with the 1.93 bln bu on March 1, 2022

    — Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Corn stockpiles at 7.47 bln bu, that compares with the 7.76 bln bu on March 1, 2022

    — Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Soybean acres at 88.3 mln, that compares with last season’s 87.5 mln acres. The data will be released Friday, March 31 around 11:00 am CT.

    — Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Corn acres at 90.9 mln, that compares with last season’s 88.6 mln acres. The data will be released Friday, March 31 around 11:00 am CT.

     

     

     

    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 03-28-2023

    #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

    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.

  • Micro E-mini Futures and Options Webinar + Trading Levels 3.17.2023

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

    Micro E-mini Futures and Options Webinar

    Access new markets with the enhanced suite from CME Group

    CME Group invites you to attend an online event focusing on the Micro E-mini futures and options suite on Wednesday, March 22.

    Join us as Craig Bewick, Senior Director of Client Development & Sales, and Paul Woolman, Global Head of Equity Products, discuss the trading performance and rise in liquidity of Micro E-mini Equity futures and options. In addition, they will cover recent enhancements to the suite, including the introduction of Micro E-mini S&P MidCap 400 and SmallCap 600 futures as well as the Micro E-mini Monday-Thursday Weekly options.

    Follow the link below to register for this online event. Further instructions will be provided following registration.

    REGISTER HERE 

     

    DATE:

    March 22, 2023

    TIME:

    8:00 a.m. – 9:00 a.m. (CT)

    1:00 p.m. – 2:00 p.m. (GMT)

    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

    03-17-2023

    #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.

  • Volatility is HIGH + 03.16.2023 Trading Levels

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

     

     

    Trade June indices as well as June currencies!

    What Traders need to Know to Finish the Trading Week:

    By Mark O’Brien, Senior broker

     

    Crude oil futures prices plunged more than $5.50 a barrel intraday today – touching a low of $65.65 (basis April) – to their lowest in more than a year as news that Credit Suisse’s biggest shareholder, Saudi National Bank, said it would not make further investments in the firm, sending the Swiss lender’s stock plunging ±27% and adding to the already extreme turmoil in the banking sector from the collapse of Silicon Valley Bank and Signature Bank last week here in the U.S.

    In turn, gold futures prices climbed over 1% intraday with the April contract topping $1,942.50 per ounce intraday, it’s highest price since early February. Conversely, Copper futures lost ±11 cents / pound – over 4% intraday – with the May futures contract touching $3.84 / lb. matching prices from early January and extending a near month-long ±40-cent / $10,000 decline.

    Not surprisingly, with the banking sector hitting rough seas this last week, treasuries have once again assumed their safe-haven status with the 30-yr. T-bond futures contract soaring ±10 full basis points ±$10,000 over the last nine trading days to March 3 and sending the benchmark 10-year Treasury note yield tumbling to near 3.5%

    Significant volatility looks to be the order of the day for the near term across the major financial futures sectors – stock indexes, interest rates, currencies – as well as metals and energies. Up next, the FOMC meeting this coming Tuesday/Wednesday.

    Be Careful out there, Plan your trade and trade your plan!

    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

    03-16-2023

    #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.

  • CPI Tomorrow! + 03.14.2023 Trading Levels

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

     

    Trade June indices as well as June currencies!

    The Week Ahead,(hint CPI release tomorrow, Fed Blackout period, ECB Rate decision to name a few)

    By John Thorpe, Senior broker

     

    Or rather the weekend update for March 13th.. No government bailouts!

    I bring this to everyone’s attention so you can, for yourself, rather than listen to our available media outlets what the Fed has decided to do and how they plan on addressing any future bank issues.  I have also included the FDIC links where Failed Banks will be listed. For now we have two  , let’s hope it stays that way..

     

    Mixed signals from a number The US Treasury Department and The Fed over the weekend. (Janet Yellen said no help for the depositors of SVB on Saturday) Fed Reversed.

    Here are a few links regarding the eye popping news of Bank Failures.

    First from the Fed

    Federal Reserve Board – Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors

    Here are the rules for the failed banks

    Bank Term Funding Program (federalreserve.gov)

     

    The FDIC is where you can get the most recent updated list and what actions they take. Personally when the appoint a new CEO do your research on these people.

     

    https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/

    https://www.fdic.gov/news/press-releases/2023/pr23019.html

    https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/signature-ny.html

     

    Now for CPI! It’s tomorrow!

    if CPI core services excluding housing is not also improving, the FOMC will have another reason to hike rates by 50 basis points at the March meeting. If some of the lagged effects of past rate hikes are visible release @ 7:30 CDT Tuesday.

    FINAL Demand PPI on Wednesday at , you got it, the same time will move the market  although it shouldn’t be Brutal.

    Thursday Jobless claims! Same bat time same bat station. Also the ECB Rate decision at 8:15 CDT 45 mins after the jobless claims and housing starts, we finish on ST. Paddy’s day! With a Leading indicators number that may be overshadowed by the previous economic releases. Be Careful out there, Plan your trade and trade your plan!

     

    The March Mini SP resumed its rally into a new high earlier this month but was unable to sustain that renewed momentum now in the correction lower the chart is activated downside PriceCounts and quickly completed the first objective and showing signs of stability for a moment

     

     

     

    Hot market above 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

     

    PriceCounts – Not about where we’ve been , but where we might be going next!

    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

    03-14-2023

    #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: Copper Outlook, Rollover Notice + Levels for March 13th

    Cannon Futures Weekly Newsletter Issue # 1137

     

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

    In this issue:

    • Important Notices – Rollover Notice
    • Trading Resource of the Week – How to Rollover using E-Futures
    • Hot Market of the Week – May Copper
    • Broker’s Trading System of the Week
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    • Important Notices – Rollover

    Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.
    I personally start trading June this Monday when the volume on June is higher than the March.
      Volume in the March contracts will begin to drop off until their expiration next Friday, March 17th (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 March futures contracts through 8:30 A.M., Central Time on March 17th, they will be offset with the cash settlement price, as set by the exchange.
     Monday, March 13th is Last Trading Day for March currency futures. It is of the utmost importance for currency traders to exit all March futures contracts by Friday, March 10th and to start trading the June futures. Currency futures are DELIVERABLE contracts.
    The month code for June is ‘M.’  Please consider carefully how you place orders when changing over.

     

    Get access to variety of videos such as trading techniques, trading platforms, trading psychology and more!
    Click on the subscribe and get notified as soon as a new video is published!
    Below you will see a unique way to customize your E-Futures DOM!
    Custom DOM Layout - E-Futures International
    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!
    May Copper: May copper satisfied its first upside PriceCount objective and developed a sideway consolidation trade. If the chart can resume its rally with new sustained highs, the second count would project a run to the 4.60 area.
    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
    Cannon Trading’s Recommended Starting Capital
    $25,000
    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.
    • Trading Levels for Next Week

    Daily Levels for March 13th, 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

  • NFP Preview + 03.09.2023 Trading Levels

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

     

    Ahead of NFP this Friday, the below is provided by our friends over at NewSquawk.com

    PREVIEW: US nonfarm payrolls (Feb’23) to be released on Friday March 10th at 13:30GMT/08:30EST

    Traders will frame the February jobs data in the context of the FOMC’s March 22nd meeting. Chair Powell this week has guided expectations towards a 50bps rate rise at that meeting, and suggested that the FOMC is likely to revise its view of the terminal rate higher.

    Accordingly, the bar for further hawkish repricing is higher than the bar for any dovish tweaking to that pricing (the former being likely in the event of an upside surprise, and the latter in the event of a downside surprise).

    The reaction will likely be largely premised on the headline and then the wage components. It is also worth noting that expectations for that March meeting will be refined by the CPI data for the month, which is due on March 14th.

    EXPECTATIONS: The consensus looks for 203k nonfarm payrolls to be added to the US economy in February (forecast range: 100-325k), with the pace cooling from the 517k added in January. If the consensus is realized, it would be lower than the pace of the 3-, 6- and 12-month averages, at 356k, 349k and 414k respectively. The unemployment rate is expected to be unchanged at 3.4% (range: 3.3-3.5%); the Fed projects that the jobless rate will peak at 4.6% in 2023, although the central bank will update its economic projections at the March 21-22nd confab.

     

    READ FULL COMMENTARY HERE

     

     

    By the way Did you know you can trade EVENT CONTRACTS?

    Learn more HERE.

    please reach out to your Cannon Trading Inc broker for details.

    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

    03-09-2023

    #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


    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 Day packed with Reports 03.08.2023 Futures Levels

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

     

    Be ready to trade tomorrow and know what reports are coming and possible implications!

    Today we saw a very volatile market with Powell speaking. More to follow tomorrow along with beige book, JOLTS and ADP and if you are an energy trader than you probably already know, its the weekly number that can really move the energy sector.

    See full list of the reports below.

    By the way Did you know you can trade EVENT CONTRACTS?

    Learn more HERE.

    please reach out to your Cannon Trading Inc broker for details.

    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

    03-08-2023

     

    #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.

  • NO NFP Tomorrow 03.03.2023 Trading Levels

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

     

     

    Heads up!

    NFP ( non farm payrolls) or unemployment report will not come out tomorrow as it normally does on the first Friday of every month, however keep in mind that the anticipated and volatile ISM report will be out tomorrow right at 10:00 o’clock AM Eastern Time.

    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

    03-03-2023

    #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


    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.

  • First Notice & Last Trading Days 03.02.2023 Trading Levels

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

     

     

    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.

    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

    03-02-2023

    #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.

  • PPI Tomorrow!…. 02.16.2023 Trading Levels

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

    Bullet Points, Highlights, Announcements

     

    By Mark O’Brien, Senior Broker

     

    General:

    While yesterday’s U.S. Consumer Price Index showed inflation continues to slow from its readings in 2022, CPI readings, the pace of declined slowed and a wide array prices stayed elevated, including food, clothes (women’s apparel dropped slightly), rent and hotel rooms. Once again, a key economic report has shown that the road back to 2.0% inflation, on which the Federal Reserve is committed to following, is going to be lengthy and rugged. It certainly leaves Fed in a hawkish posture.

    Be alert: the release of the Bureau of Labor Statistics’ Producer Price Index is on deck for tomorrow.  The report comes out at 7:30 A.M., Central Time.

    Markets:

    Metals:

    Gold (April) has declined ±$130 (a ±$13,000 move) since its Feb. 1 intraday high of $1,970.80 / oz. Today’s $1839.30 intraday low sets it back to prices not seen since the first of the for the calendar year.

    Corn:

    For most of the last few months, U.S. corn prices have justifiably focused on crop conditions, including obviously yield and quality, in Argentina and Brazil, which have continually come in far from ideal. As a result, the markets have priced in current and further crop damage coming into the South America harvest. That’s about to shift with the start of the crop year here in the U.S. Forecasts for planted acreage, demand, ending stocks, stocks/usage ratio – all tracked by the USDA and sized up by traders – are about to take center stage. As crops from the southern hemisphere are “made,” if little or no further surprises hit, look for CBOT corn prices to settle in for news of this year’s U.S. crop, starting with Prospective Plantings late next month.

    Crude oil:

    Despite the uneven decline of crude oil prices over the last 8 months from their ±$105 per barrel highs of last June (basis March) down to a few recent forays to the low 70’s per barrel, crude oil looks to still be focused on growing Chinese demand. As we approach the traditional U.S. driving season in May, look for recent lows as meaningful signs of support.

    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

    02-14-2023

    #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

    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 #1132 When do I exit a trade? + Levels for February 6th 2023

    Cannon Futures Weekly Newsletter Issue # 1132

     

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

    In this issue:

    • Important Notices – CME Fees Increase
    • Trading Resource of the Week – When to Exit a trade?
    • Hot Market of the Week – April Live Cattle
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

        • Important Notices – CME to raise fees on certain markets. Both MICROS and emini stock indices are being increased by 5 cents per side. See full list HERE.

    Exiting a Trade might be more important than the entries….
    “You Must Understand That There Is More Than One Path To The Top Of The Mountain.”- Miyamoto Musashi, A Book Of Five Rings: The Classic Guide To Strategy
    Futures and futures options trading is a challenging activity. Moreso for those traders who look to trading as an occupation. So much thinking, contemplating, planning goes into trading – related to the markets you’re trading, the strategies that get implemented, the possible risk/reward outcomes. For someone new to trading, seeing the sum total of all the parts may be a lot to take in. Veteran traders will tell you the full picture keeps changing and can be daunting often.
    When trading goes well, the trader’s energy and overall outlook is powerful, optimistic and energizing for other aspects of life. When trading goes unsuccessfully, most traders feel the pain in many ways outside of the obvious financial consequences.
    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?
    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 Live Cattle have resumed their rally into new highs. The 2nd upside PriceCount objective is near $165.
    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.

  • FOMC Tomorrow + 02.01.2023 Trading Levels

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

    Tomorrow is Wednesday, the first trading day in February 2023 as well as FOMC day.

    To add some fuel to the fire, we will have ADP, JOLTS and ISM PMI earlier in the day as well as crude oil numbers!!

    Busy day to say the least……

    The market is expecting a hike of 25 basis points.

    4111 is a MAJOR resistance level for the March SP 500.

    Trading on FOMC days

     

    The following are my PERSONAL suggestions 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 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 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.

    ·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.

    ·    Know what the market was expecting, learn what came out and observe market reaction for clues

    ·    Be patient and be disciplined

    ·    If in doubt, stay out!!

     

    A Cannon broker will be able to assist, provide feedback and answer any questions.

     

    Chart below is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

    FREE TRIAL AVAILABLE

    PriceCounts – Not about where we’ve been , but where we might be going next!

    The July -Dec Corn spread is extending it’s rally into new highs where the chart is taking aim at its first upside priceCount objective near 92 cents. Curious about spreads? Read more here.

     

    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

     

    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

     

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

    Futures Trading Levels

    for 02-01-2023

    #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 #1131 Sugar Outlook, Options 101 free course + Trading Levels 1.27.2023

    Cannon Futures Weekly Newsletter Issue # 1131

     

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

    In this issue:

    • Important Notices – CME Fees Increase
    • Trading Resource of the Week – Options 101/102 FREE COURSE
    • Hot Market of the Week – March Sugar
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

        • Important Notices – CME to raise fees on certain markets. Both MICROS and emini stock indices are being increased by 5 cents per side.

    In this FREE Course you will learn:
    • Understanding Options Contract Details
    • Explaining Call Options (Short and Long)
    • The mathematical expectation model and how it can decrease your losses
    • Understanding the Difference: European vs. American Style Options
    • Calculating Options Moneyness & Intrinsic Value
    • Introduction to Options Theoretical Pricing
    • Options on Futures vs. ETFs
    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!
    March Sugar has revived its rally with the chart poised for potential challenge of the December highs if sustained, would project a run for the low percentage fourth upside priceCount objective near 23 cents.
    Futures March Sugar, #SBH23
    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 January 23rd, 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

  • Outlook on Week Ahead & Trading levels for 01.24.2023

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

    The Week Ahead

    By John Thorpe, Senior Broker

     

    “The Week Ahead” next F.O.M.C. meeting is to be held Next Tuesday and Wednesday Jan. 31st – Feb . 1 as such we have entered the FOMC Board of Governors Blackout time frame. As discussed previously, no members may discuss policy until the rate announcement on Feb. 1st. so there shouldn’t be too many surprise moves that occur in the financial markets usually generated from speaking engagement commentary. Fed Chairman Powell had tested positive for Covid19 but is expected to attend the meeting either in person or remotely as his symptoms are mild.

    Of note this week is Q4 GDP on Thursday @ 7:30 am CST and perhaps jobless claims for the week at the same time. This, if a surprise, could shake the financial markets a bit in the short run. Earnings will be the main cause of market movement until next weeks FED Meeting. The Busy Calendar includes Microsoft Tesla, IBM, Intel, American Airlines, Valero, Chevron and Haliburton. This is the Golden Week as China is celebrating it’s lunar New Year, the impact on volume may or may not be seen in some markets but not all. 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 01-24-2023

    #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.

  • One of the Most Overlooked Trading Ingredients & Trading levels for 01.19.2023

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

    One of the most overlooked Trading Ingredient: Learn to Lose!

     

    Many different factors go into trading. Too many to discuss efficiently in one blog post. Some relate to trading techniques, other to money management, mental aspect, risk capital and much more.

     

    But one that sticks in my eyes is the inability to accept a loss. I see many clients who can make money and have days where they make money but when they lose, they lose much more, sometimes even losing control and losing a big portion of their account.

     

    I am not sure how a trader can embed this into their trading mind, BUT in my opinion if you train your brain to expect losses, understand losses and that losing days will happen, you will increase your chances of surviving in this business, which in return will actually give you a chance to succeed….

     

    Losses are part of trading and as long as your losses are part of the plan and are quantified in advance and you can adhere to your rules, then you have a chance. I think it’s easy when traders are winning…making money etc. Much harder when you lose or down. your brain starts playing tricks on you…it tells you to double down, maybe reverse even though your analysis does not say so….all of a sudden you start pulling trades out of instinct, fear rather than a calculated plan that has solid risk/ reward.

     

    If a trader learns how to lose, to accept losses, to have realistic expectations, then he/ she can avoid having one of those terrible days when traders can lose almost of all their account.

     

    Also, while a bit easier in my mind, a day trader should also step away when he/she reached a predefined profit target for the trading day. In my humble opinion, the more you day trade, the more fatigued you become and larger chances for errors. Somewhat like a pro basketball player managing their playing minutes….

     

    I went into this subject and detailed day-trading money management in an article I wrote a few years back for SFO magazine.

     

    Click here to read the rest of the Article

     

     

    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 01-20-2023

    #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.

  • Weekly Newsletter #1129: Feeder Cattle Spread Idea, MLK Schedule + Trading Levels 1.16.2023

    Cannon Futures Weekly Newsletter Issue # 1129

     

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

    In this issue:
    • Important Notices – MLK Trading Schedules
    • Trading Resource of the Week -Moore Research Center Inc.
    • Hot Market of the Week – Feeder Cattle Spread
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    Here’s a futures spread idea from our friends at Moore Research ( FREE TRIAL ESPECIALLY for Cannon’s clients and blog readers!).
    Buy May ’23 / Sell March ‘23 Feeder Cattle: Outlook
    Because food (after 2-3 months, calves are weaned off milk and fed a diet of grain, hay and water) is a primary but fluctuating cost, livestock producers want to feed as many animals as possible when feed is most plentiful. So, cattle feedlot operators replenish their usually low cattle herds in October & November when corn becomes readily available at usually harvest-low prices. Those young animals will gain weight only slowly during winter and typically reach market weight in April. The result is that demand for feeders remains sluggish in March, but surges in May.
    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.
    • Trading Levels for Next Week

    Daily Levels for January 16th, 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

  • MLK Trading Hours & Trading levels for 01.13.2023

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

    Monday we will observe Martin Luther King Jr. Holiday.

    Please see abbreviated trading hours HERE and summary 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

    for 01-13-2023

    #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

     

    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 #1127 Happy New year!+ Levels for January 3rd, 2023

    Cannon Futures Weekly Newsletter Issue # 1127

     

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

    In this issue:
    • Important Notices – Holiday Trading Schedules
    • Trading Blessing for the 2023
    • Make 2023 Your Best Trading Year Yet!
    • Broker’s Trading System of the Week – Mini SP Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
      • Important Notice – New year’s Trading Schedules

    CME GLOBEX New Year's 2023 Holiday Schedule
      • Trader’s Blessing for the 2023

    Wishing ALL of you a happy, healthy and successful New Year!
    The Trader’s Prayer
    May I never be facing north when the markets headed south, and may locked limit always be on my side. 🤜🏼
    May the money left on the table be someone else’s and may my pockets be deeper than the correction.
    ✋ May I always be 5 minutes ahead of the market, And may my order have a clear path to the pit (electronic exchange now days….).
    ✋ And if this one is a winner, I swear I quit!
        • Make 2023 Your Best Trading Year Yet – Walk before you run

          By Cannon Trading staff
    The image of a successful futures trader is that of a lone wolf surveying the landscape looking for an opportunity to attack and seize quick and substantial profits. We all know about the potential for making a fortune in the futures markets. Yet, few do so. Why is that? What are some of the common pitfalls that prevent this dream from becoming a reality for most futures traders?
    One of the most prevalent misconceptions for inexperienced futures traders is that they believe themselves to be smarter than the rest of the commodities market participants. They underestimate the qualifications and abilities of the rest of the futures markets professionals. This business of commodities trading is dominated by very dedicated, resourceful professionals who have invested lots of time and assets into their pursuit of trading futures profits. Competing against these seasoned professionals is not impossible but going at it alone, especially initially, is usually not the most prudent course of action for new futures traders.
    When we were children, we learned to walk before we learned to run. This is true for most of our life experiences. We played t-ball before we played baseball. We took lessons from Arthur Murray before we entered dance competitions. We watched cooking shows or read cookbooks before we attempted to deep fry our first turkey. So, why do so many novice futures traders think that they should enter into the world of futures trading without the support of an experienced futures broker? Why, armed with their computers and quote systems do they think that they are equipped to go it alone and be successful? It isn’t logical. It goes counter to our collective life experiences.
    If your goal is to trade futures/commodities independently, why not do so after acquiring valuable experience and insight by working with a seasoned professional futures broker? Someone who is already fully engaged in the futures markets. Why not begin by using a mentor, a teacher, an advisor who can supply ideas, guidelines, disciplines, and insights that the novice trader could not otherwise be exposed to? We all learned to drive with the help of an instructor, why not approach the commodities markets in a similar fashion? Your hard-earned capital is at stake. Getting an education can be a very expensive process, especially in the futures trading business. Why not take advantage of the help offered by an experienced professional? Help like this can shorten a new futures trader’s learning curve and reduce the cost of his or her tuition for this education.
    It is true that not all commodities brokers are quality teachers or mentors. The futures trader must choose his or her mentor carefully….just as one does when choosing a lawyer, doctor, or accountant. The futures brokers at Cannon Trading as a group are among the finest professionals that you will find anywhere in the futures trading world. The management at Cannon Trading has chosen these brokers prudently and after much scrutiny. This is evidenced by the impressive record of professional business conduct for the past 30 years by Cannon’s brokers. This record can be reviewed by going to www.nfa.futures.org ( the National Futures Association) website and comparing Cannon Trading versus other futures brokerage firms. You will be impressed.
    Professional athletes use sports psychologists. Boxers use corner men. Graduate students study under the guidance of their professors. Professional singers utilize vocal coaches. Shouldn’t you as a futures trader avail yourself of the same sort of support that successful people in all of these endeavors use? Take full advantage of all of the tools available to you in your quest for trading profits.

     

    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
    $15,000
    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 January 3rd, 2022

    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

  • Happy Holidays + Trading Levels for 12.28.2022

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

    Full New Year’s Trading Schedule

    We wish you all a safe and joyous holiday!!

    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 12-28-2022

     

     

    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.

  • Merry Christmas, Holiday Trading Schedule + Trading Levels 12.23.2022

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

    Heads up traders. The holidays are near at hand and with them, holiday trading hours and holiday trading conditions. This year, Christmas falls on a Sunday and Monday the 26th is the designated holiday. So, when the markets close Friday afternoon – at their regular times – the markets will remain closed Sunday night all the way through to their Monday afternoon/evening openings. Ordinarily, trade volume across all asset classes declines into a holiday and this may be augmented due to the extended closures of the markets. It’s advised to keep an eye on your open positions and open orders coming into the Monday afternoon opening.

    Christmas 2022 Trading Schedule

    New year’s Trading Schedule

    We wish you all a safe and joyous holiday!!

     

    From the CME Globex Control Center, executive summary:

     

    Fri. Dec. 23 = ALL NORMAL closes

     

    Mon. Dec. 26 (day) = CLOSED, all mkts.

     

    Mon., Dec. 26 (night) = NORMAL opening and pre-opening for all – EXCEPT grains and livestock remain closed.

     

    Tues., Dec. 27 = grains and livestock 8:30 a.m. market re-opening.

    Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.

     

    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 12-23-2022

     

     

    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.

  • Triple Witching + Trading levels for 12.16.2022

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

    START TRADING MARCH CURRENCY FUTURES AS WELL!

    Triple Witching

    Heads up traders:

    Triple Witching is near. For those of you trading stock index futures – any size S&P 500, Nasdaq, Dow Jones, Russell 2000 – remember that this Friday at 8:30 A.M. Central Time, those contracts’ December futures expire and will no longer be available for trading. If you happen to hang on to any Dec. contracts past that time, they will automatically be offset via the cash settlement price of that contract. For you stock index futures options traders, if you to hang on to any Dec. options, the cash settlement price will determine whether your options are in or out of the money, in which case they will either expire worthless or be instantly exercised/assigned, valued and offset by the cash settlement price. Stock options also expire this Friday, thus the triple witching expression (no supernatural phenomena will appear at this time).

     

    Final Settlement Procedures

    Quarterly settlement of S&P 500, E-mini S&P 500, S&P MidCap 400, E-mini S&P MidCap 400, S&P 500 Citigroup/Growth and Value and SPCTR Index futures and options on futures are based on a Special Opening Quotation of the relevant underlying index. The Special Opening Quotation for each index is based on the opening price of each component stock in that index on expiration Friday.

    Special Opening Quotations (SOQ) generally differ from the opening index value of each index because all stocks do not open immediately. For example, on typical days surveyed by CME Group, most S&P stocks open quickly, with around 95% open within 15 minutes and 98% open within 30 minutes. Other indexes with larger numbers of stocks may take longer to open.

     

    Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.

     

    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 12-16-2022

     

    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 Year’s 2023 Holiday Schedule for CME / Globex and ICE Exchange

    New Year’s 2023 Holiday Schedule for CME / Globex and ICE Exchange

     

    *Dates and times are subject to change

    If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

    Globex® New Year’s 2023 Holiday Schedule for CME / Globex and ICE Exchange

    More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

    ICE Futures New Year’s 2023 Holiday Schedule for CME / Globex and ICE Exchange

    Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

    The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

  • “Blackout Period” + Trading levels for 12.06.2022

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

    “Blackout Period”

    By John Thorpe, Senior Broker

    Fed refers to it as a “Blackout Period.”

    Federal Reserve policy limits the extent to which FOMC participants and staff can speak publicly or grant interviews during Federal Reserve blackout periods, which begin the second Saturday preceding a Federal Open Market Committee (FOMC) meeting and end the Thursday following a meeting.

    The current “Blackout Period” is December 3rd through December 15th.

    Of particular note this week, Pay attention to Jobless Claims on Thursday and Price Index PPI Final Demand on Friday. Both reports will be disseminated @ 7:30 CST pre equity market open, as usual. Keep your trading journal up to date; 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

    for 12-06-2022

    SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Feb. Gold #GC_F March Silver #SI_F Jan. Crude Oil #CL-F March Bonds #ZB_F March 10 yr #ZN_F March Corn #ZC_F March Wheat #ZW_F March Beans #ZS_F March SoyMeal #ZM_F Jan. Nat Gas #NG_F March Coffee #KC_F March Cocoa #CC_F March Sugar #SB_F March Cotton #CT_F March 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.

  • NFP Tomorrow + Trading levels for 12.02.2022

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

    NFP – Non farm Payrolls tomorrow. This is a market moving economic reports and the last few months we have seen some very SHARP moves right around the number. Be prepared!

    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.

    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

    for 12-02-2022

    SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Feb. Gold #GC_F March Silver #SI_F Jan. Crude Oil #CL-F March Bonds #ZB_F March 10 yr #ZN_F March Corn #ZC_F March Wheat #ZW_F March Beans #ZS_F March SoyMeal #ZM_F Jan. Nat Gas #NG_F March Coffee #KC_F March Cocoa #CC_F March Sugar #SB_F March Cotton #CT_F March 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.

  • Crude Oil & Natural Gas Numbers Tomorrow + Trading Levels 11.23.2022

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

    Could be a busy, volatile day tomorrow ahead of Thanksgiving!

    We have a day full of reports!

    Home sales, Flash services PMI.

    Both crude oil and natural gas numbers tomorrow. Crude as usual at 9:30 AM central and natural gas at 11 AM central.

    FOMC Minutes as well.

    Make sure you are aware of the trading schedule for the markets you trade! Some Markets will be open each day under abbreviated hours, some markets like the agricultural, grain and livestock venues will be closed Thursday and short hours Friday.

    FULL SCHEDULE HERE

    Cannon Trading extends a warm thank you to all of our clients for a memorable and safe holiday. we will continue to post the exchange hours throughout the week. Blessings to all.

    A Cannon broker will be able to assist, provide feedback and answer any questions.

    CME FUTURES Thanksgiving Holiday Schedule 2022

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

    Futures Trading Levels

    for 11-23-2022

    #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.

  • Short Trading Week + Trading levels for 11.22.2022

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

    Holiday Trading

    By John Thorpe, Senior Broker

    A National Day of Thanks!

    For those who enjoy the history of any day or event I’ve included a historical highlight from history.house.gov of the national Thanksgiving holiday from George Washington’s Proclamation Nov. 26, 1789 through a House of representatives bill, signed into law in December of 1941 as a national day of thanks. https://history.house.gov/Historical-Highlights/1901-1950/The-Thanksgiving-holiday/

    During this week, volume tends to trickle compared to no holiday weekday trading. ES volume today was about 60% of the volume last Monday.

    Some Markets will be open each day under abbreviated hours, some markets like the agricultural, grain and livestock venues will be closed both Thursday and Friday.

    FULL SCHEDULE HERE

    Cannon Trading extends a warm thank you to all of our clients for a memorable and safe holiday. we will continue to post the exchange hours throughout the week. Blessings to all.

    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

    for 11-22-2022

    #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.

  • 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.

  • Weekly Newsletter #1123: How is your IRA / 401k doing? + Levels for November 14th 2022

    Cannon Futures Weekly Newsletter Issue # 1123

    How is your IRA / 401k doing?

    When the stock market declines, most retirement accounts lose value. That’s because IRA / 401k investments tend to be largely invested in purchased stocks – via stock mutual funds and/or an assortment of individual stocks.
    But, did you know there are investments available for IRA’s and 401k’s that can provide positive returns in both up and down markets? Consider making an inquiry into our selection of automated trading systems that trade stock index futures contracts that track the major stock indexes like the S&P, S&P Midcap, Nasdaq, Dow Jones and Russell 2000.
    If you are looking to diversify your current IRA or 401k portfolio with futures trading, but have little time or know-how to pursue things, one great first step would be to explore some of options we offer here at Cannon Trading CO.
    Our licensed, experienced brokers are happy to provide feedback any of the automated trading systems from our selection, based on your available risk capital, your risk tolerance, overall financial goals.
    Below please find links to some of systems we follow. Some examples of these systems are below for you review. Keep in mind that futures trading is risky and not suitable for everyone.
    ·        Joseja 2 mini nasdaq – https://cannon.isystems.com/System/PerformanceSheet?Id=17519
    ·        DT Rider M1C ES v2 – https://cannon.isystems.com/System/PerformanceSheet?Id=21741
    ·        CIRUS ST58 EUROFX KASE – https://cannon.isystems.com/System/PerformanceSheet?Id=23130
    For a free, no obligation consultation with a futures trading specialist, please fill out the short form HERE.
                OR
    Call A commodity Trading Specialist at 800-454-9572
    Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

     

    Hot Market

    Gold futures snapped a downtrend of over a few months when they broke above the 1692 levels this week
    Short covering rally along with higher interest rates fueled this market. Bitcoin weakness also helped the yellow metal safe heaven status.
    Next possible upside target is 1805.
    1692 support must hold.

    Futures Trading Levels

    11-14-2022

    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

  • The Mid-Term Election & The Markets + Trading Levels 11.10.2022

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

    “The Mid-Term Election & The Markets”

    By Mark O’Brien, Senior Broker

    To the extent that the futures markets are taking cues from the results of yesterday’s U.S. mid-term elections, the wait will continue. As had been widely believed, Election Day did not translate to Results Day. A number of key Senate races remain uncalled – including contests in Nevada and Arizona as well as in Georgia which will go to a runoff. The shape of the House also remains uncertain.

     

    A few notable firsts:

    • Florida elected the youngest-ever House member: 25-year old Maxwell Alejandro Frost, making him the first Gen Z candidate to hold federal office.
    • Summer Lee will be the first Black woman elected to Congress from Pennsylvania.
    • Katie Britt will become Alabama’s first female U.S. Senator.
    • Sarah Huckabee Sanders became the first elected female governor of Arkansas

    Looking beyond this, it looks like the heightened volatility in stocks and the majority of other futures sectors is here for the long run. You’re seeing big price swings due to factors like the war in Ukraine, elevated oil prices, residual supply chain issues, historically elevated grain & food prices and global central banks’ efforts to tame inflation, just to name some of the more influential forces. We’ll be apprised yet again of the inflation situation here in the U.S. with tomorrow’s release of the Bureau of Labor Statistics’ Consumer Price Index Report, which measures the prices paid by consumers for a basket of consumer goods and services (7:30 A.M., Central Time). Due to the Veterans’ Day holiday this Friday, we’ll need to wait ‘til the following Tuesday for the corresponding Producer Price Index.

    Metals notes:

    Dec. Silver traded to 5-month highs yesterday trading a up to $21.72 intraday, off a ±$1.44 ($7,200) move up last Friday. Since then, Dec. gold has increased ±$90/ounce ($9,000) to above $1,700/ounce after posting 19-month lows on Nov. 3.

    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 11-10-2022

    #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.

  • The Mid-Term Election: Do Markets like Uncertainty + Trading Levels 11.09.2022

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

    “The Mid-Term Election: Do Markets like Uncertainty?”

    By John Thorpe, Senior Broker

    The simple answer is: No. Clearly, markets need certainty to thrive. Volatility heats up when monetary and fiscal policy uncertainty peak. A National election is an opportunity for the equity markets to react to potential outcomes before, during, and after the election. Behaving just as markets do prior to a FED rate announcement.  Market reactions have been historically varied during midterm elections. Currently, several outlets are reporting the least likely election outcome is for Democrats to retain control of the National Government levers. Conversely, the same outlets are calling for a divided government, and will most likely be the outcome of today’s voting. One party controls the House of Representatives and the other controls the Senate. An outcome other than this will roil the markets. A word of caution to not over extend/over-leverage as the results come in after the first polls close on the East coast. Reduce position size if you are trading and be vigilant.   “Survive to Trae Another Day”!

    Plan your trade and trade your plan.

     

    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 11-09-2022

    #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.

  • NFP Report Tomorrow + Trading Levels for 11.04.2022

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

    NFP Tomorrow

    The next big scheduled event: this Friday’s monthly Non-farm payrolls report from the U.S. Labor Department.

    If you’re a futures trader and your markets of choice to trade include stock indexes (S&P 500NasdaqDow JonesRussell 2000, etc.), or treasuries (30-yr. T-bonds2-5-10-yr. T-notes), currencies, even metals and energies, you know the importance this report. It’s widely considered one of the most important and influential measures of the U.S. economy.

    To convey its findings, the Labor Dept.’s Bureau of Labor Statistics surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual work sites (the report excludes farm workers, private and domestic household employees and non-profit organization employees). The report also includes other detailed employment data including the overall unemployment rate – as a percentage of the total labor force that is unemployed but actively seeking work – wages, wage growth and average workday hours. The report is released at 7:30 A.M., Central Time.

    Please BE AWARE on how this report affects liquidity, stops, volatility and more.

    Please review the information HERE.

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

    for 11-04-2022

    #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.

  • Fine-Tune Your Risk: Tap into the Precision of a Smaller-Sized Contract

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

     

     

    Fine-Tune Your Risk: Tap into the Precision of a Smaller-Sized Contract

    By Mark O’Brien, Senior Broker

     

    At a fraction of one full-sized contract, Mini and Micro futures provide flexible leverage as an alternative to large contracts. Among the available fractional futures contracts, by far the most well-known and most liquid are the E-mini stock index futures: E-mini S&P 500, E-mini Nasdaq, E-mini Russell 2000 and Mini Dow Jones. With the introduction back in May ’19 of the Micro E-mini futures, there are fractional versions of the E-minis.

     

    But stock index futures are not the only ones with fractional contracts. Almost every commodity sector offers futures contracts that are fractional versions of their classic full-sized contracts. They all offer opportunities to trade markets with more precise leverage and reduced margins.

     

    In the energy sector, there are E-mini natural gas futures contracts at 1/4 the size of full-sized contract (1 million British Thermal Units). A one-cent move for the E-mini natural gas futures contract is equal to $25.

     

    In crude oil, whose full-sized, 1,000 barrel contract is the largest energy futures contract in the world by volume, there are both E-mini crude oil (1/2 the size) and Micro crude oil (1/10 the size).

     

    Mini contracts are offered in corn, wheat and soybeans. All are 1/5 the size, so a 1-cent move in each contract is equal to $10.00 compared to a 1-cent move/$50 for their mighty forerunners.

     

    In metals, the renowned COMEX 100-ounce gold futures contract can be traded fractionally with a 50-ounce Mini gold and a 10-ounce Micro gold.

     

    Both silver and copper offer Mini contracts that are 1/2 the leverage of their respective 5,000-ounce and 25,000-pound full-sized relatives.

     

    There are Micro futures contracts with 1/10 the leverage of their full-sized bellwether currency futures for all of those listed below:

     

    Euro FX

    Swiss Franc

    British Pound

    Japanese Yen

    Canadian Dollar

    Australian Dollar

     

    A word of caution: many of these contracts’ liquidity is concentrated in their respective front months – often right up to their Last Trading Day. Take care to check a contract’s volume/open interest before trading.

     

     

    Contact your Cannon Trading broker for additional information on any of these futures contracts, including price quotation, trading hours, minimum price fluctuation, symbol code, settlement method (cash or physical), risk considerations, etc.

     

    Even if you are not a client yet, you can still contact us and we are happy to help.

     

     

    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

    05-12-2022

     

     

    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.

  • VIX Stock Index Trading Signals & Support and Resistance Levels 7.22.2021

    Dear Traders,

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

    VIX Stock Index Trading Signals

    by Gabe Velazquez of www.TransparentTradingSolutions.com. For free trial to the room and more information, contact your broker.
    Over the last several months, two of the major stock averages (the S&P 500 and Nasdaq 100) have been on a relentless upward trajectory. This has occurred as the VIX (S&P 500 Volatility Index) has remained elevated relative to its historical levels. In past bull markets, the VIX (which many refer to as the fear gauge) has traded in the low teens and even dropped to single digit readings during strong advances in the stock market. So why is this time different? More importantly, can we use the VIX to increase our odds of timing long and short entries in the S&P 500 and Nasdaq futures? I believe the answer is yes.
    First, A quick definition of the VIX: It is an index that measures the premium of at-the-money Calls and Puts on the Cash S&P 500 going out one month in duration. Some market participants utilize options (because of their leverage component) to hedge long only portfolios. For that reason, when the stocks come under pressure, the demand for this protection increases and thus premiums (the cost to buy options) increases. Simply, there is an inverse correlation between the VIX index and stocks. As stocks drop, the VIX will rise and vice-versa.
    Now that we have a better understanding of how the VIX works, let’s look at a 4 hour chart going back 2 months. In it, we can see that it has formed a clearly defined range between 15 on the lower band and 21 on the high extremity. If you look at a chart of the S&P 500 futures you will notice that on every corrective (drop) in this index over the last 2 months, the VIX has rallied up to 21. Additionally, note that when the VIX fails to move above this level, the ES (S&P 500 futures) stops falling and usually finds buyers. Conversely, when stocks advance, and the VIX stays above 15, stocks generally pause or struggle to have any meaningful move higher.
    Of course, this range will not persist indefinitely, as these patterns never do. However, I believe we can glean useful information from this environment. Can we surmise that a break above the recent range in the VIX implies more selling (bearish) implications? Separately, a break below the key 15 level may insinuate that institutional investors feel more comfortable lifting their hedges, thus leaving more room for stocks to rally in the short-term.
    We can never rely on one single indicator to buy or sell, but as traders, we always need to seek an edge. Perhaps this can give you a different way to look at the markets. More importantly, by monitoring the VIX relative to what options traders and institutions are doing to hedge their portfolios, my hope is that it can help you make better trading decisions.
    Until next time, I hope everyone has a great trading week.
    Gabe
    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.
    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

    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

    7-22-2021

    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 herein contained are derived from sources believed to be reliable but are not guaranteed as to the 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! 7/19/21

    Dear Traders,

    ALGO Trade Signals
    Directly to your Inbox!
    ·    A dynamic research tool for Futures traders based on revolutionary algorithmic IP. Experienced management team has combined decades of trading experience with superior programming capability to produce this unparalleled algorithmic trading product.
    ·    Daily email to traders identifying trading opportunities (signals) on more than 20 specific tickers per a discrete set of rules and conditions/algorithms.
    ·    Packages are signals only (Basic, $99/month) or signals with execution suggestions by VAREA trading specialists (Premium, $199/month) and get a free month of the Premium product when you sign up. Contact your broker for implementation instructions to get you started.
    Webinar Recording: Cannon Trading & CME Group invites you to WATCH recorded webinar from Wednesday July 14, to learn more about Micro WTI Crude Oil futures, a new tool for managing crude oil price exposure.
    FREE Futures Forthright Premium eBook
    Cannon Trading Is Pleased To Present “Futures Forthright eBook“, Available For Instant Download Written By Cannon Trading Staff
    Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
    • A plan with steps that may lead to success
    • Steps Towards Mastering your Day Trading
    • The top mistakes traders make daily
    • How to handle the market noise
    • and much more…..
    The futures industry is complex and risky, which is why you need someone to be forthright with you…. Download eBook instantly.

     

    Futures Trading Levels

    7-19-2021

    Weekly Levels

    Reports, First Notice (FN), Last trading (LT) Days for the Week:
    Date Reports/Expiration Notice Dates

     

    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.

     

    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.

  • Should I Trade FOREX or Currency Futures?

    By Matt Kang, Senior Broker

    FOREX (foreign exchange market or currency market) refers to an international exchange market where currencies(pairs) are bought and sold. For instance, EUR/USD, GBP/USD, AUD/USD and more. If you are trading forex, you can hold your positions as long as you want because it doesn’t have any expiration date. But there is a cost associated with keeping the position over night, it can either be a credit or debit depending on the interest difference between two countries.

    Currency futures are in one currency such as EURO FX or Canadian Dollar. Unlike FOREX, there is an expiration date which means you can only hold the position until that time. For example, if you are trading Mexican Peso and South African Rand but carry the position after the expiration date, these currencies are physically delivered four times in a year on the third Wednesday of March, June, September, and December.

     

    Liquidity and Centralized Market?

     

    The FOREX market is the largest and most liquid market in the world.  There is no centralized location for FOREX, which means there is no one physical location which is supervising this market. Therefore, traders must check the quotes of various currency pairs from each dealer.

    The currency futures market has a respectable daily average closer to $100 billion. Compared to the 4 trillion FOREX daily volume. Currency futures are not as liquid as forex, but sufficient enough to trade. Currency futures are a centralized market, and one key aspect of centralized markets is that all traders and investors are able to see same quotes and the existence of a clearing house, it guarantees the integrity of the transactions. The resulting benefit of reduced risk from not dealing with variable counterparties is a key aspect of this.

     

    Cost of Trading and Commission?

     

    Some people say “I trade FOREX because there is no exchange, no regulatory fees and no commissions” but it is not true.  If you trade currency futures, you will see all of these fees exist, such as NFA fees, exchange fees and commission fees. It will cost around $5-8 (buy and sell) for a self-directed account. If you are trading FOREX, then all of these fees are included in a bid/ask spread. A typical spread for EUR/USD is 1.2 pips which is equivalent to $12.

     

    So Should I Trade FOREX or Currency Futures?

     

     

    For the average investor who trades an account of $2,500 to $500,000 it is probably wiser, and more cost effective to trade Currency futures. The cost of trading will be lowest with this amount of funding and the roll-over rate will not dramatically impact your trading.

     

    If you are working with very little money ($250 to $2,000) OR trading with more than $1 million OR trading some exotic pairs, then you will be better off with FOREX because it offers mini as well as micro trading sizes. Also, if you are investing over $1 million, then it is possible to earn interest and lower spread (fees).

     

    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.

     

  • Maybe you should take a look at trading bond futures ( ZB)?

    ____________________________________________________________________

    Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

    ____________________________________________________________________

    Dear Traders,

    Like us on FaceBook!
    My colleague, John Thorpe, just shared a good post discussing interest rates futures, how it affects your mortgage and more. You can read the full post here.
    Reading the post reminded me how much I personally like both the 30 yr bonds and 10 yr bonds for shorter term and medium term trading.
    If you are a day-trader, read below and start following the bonds or 10 years and let us know if we can assist you in any way!
    The ZB or the 30 year offers a different type of personality than the mini SP and other indices. It is more sensitive to certain economic reports and trades differently than other markets, just a total different personality.
    The tick size on the ZB is 1/32 or $31.50 per one point/ tick.
    I included some contract specs on the T Bonds futures below as well as an intra-day chart for your review.
    The 10 yr notes or the ZN are very similar to the 30 yr except it does trade in half points, so minimum fluctuation is $15.625 and the 10 years will have smaller moves than the 30 yr although 99% in the same direction ( opens the door for spread trading on a daytrading basis).
    If you like to have access to the trading signals like shown in the chart below, click on the get started now.
    30 yr Treasury Bond Futures Specs
    Hours: 05:00 PM previous day to 4:00 PM Central Time
    Margins: $2530 initial, $2300 Maint. ( as of the date of this newsletter)
    Point Value: full point = $1000 ( Example: 144.16 to 145.16 ). Min fluctuation is 0.01 = $31.25 ( Example: 144.16-144.17) Settlement: Physical Delivery
    Months: Quarterly (March,June,Sep,Dec)
    Weekly Options:YES
    Some of the basic fundamentals to keep in mind when you are considering trading the U.S. 30yr Treasury Bonds for this matter:
    1. Interest Rates.
    2. FOMC Rate decisions and Language
    3. Focus in macroeconomics
    4. Bond Prices have an inverse relationship to Interest rates
    5. Correlation to US Dollar prices
    6. Inflationary prospects
    7. Geopolitical Stability
    8. U.S. Fiscal and Monetary Stability
    Our brokers here at Cannon will be happy to chat about the Bond market, other interest rate products, other futures, options, futures spreads and much more! Feel free to contact us at any time.
    Feel free to click on the chart below to view on larger scale.

    Good Trading

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

     

    Futures Trading Levels

    07-18-2019

     

     

    try free demo account


    Economic Reports, source: 

    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.

  • Selling Future Options Premium

    Futures Options Writing

     

    Have you ever wondered who sells the futures options that most people buy? These people are known as the option writers/sellers. Their sole objective is to collect the premium paid by the option buyer. Option writing can also be used for hedging purposes and reducing risk. An option writer has the exact opposite to gain as the option buyer. The writer has unlimited risk and a limited profit potential, which is the premium of the option minus commissions. When writing naked futures options your risk is unlimited, without the use of stops. This is why we recommend exiting positions once a market trades through an area you perceived as strong support or resistance. So why would anyone want to write an option? Here are a few reasons:

    1. Most futures options expire worthless and out of the money. Therefore, the option writer is collecting the premium the option buyer paid.

     

    1. There are three things that happen to the underlying price of the option: Price goes up, goes down or stays the same. If when the option expires, the market price was at or below your strike price you collect all the premium if two of those things happen Time decay is the option writer’s friend.

     

    1. The writer believes the futures contract will not reach a certain strike price by the expiration date of the option. This is known as naked option selling.

     

    • To hedge against a futures position. For example: someone who goes long cocoa at 850 can write a 900 strike price call option with about one month of time until option expiration. This allows you to collect the premium of the call option if cocoa settles below 900, based on option expiration. It also allows you to make a profit on the actual futures contract between 851 and 900. This strategy also lowers your margin on the trade, and should cocoa continue lower to 800, you at least collect some premium on the option you wrote. Risk lies if cocoa continues to decline, because you only collect a certain amount of premium and the futures contract has unlimited risk the lower it goes. So you should trade with a stop on the futures contract. You can read on different strategies using options on futures here:

     

    https://www.cannontrading.com/tools/education-futures-options-trading-101

     

    Cannon offers SPAN margins for options sellers.

    Many brokers will restrict or increase the margins required for options sellers, or traders who like to “collect premium”, but here at Cannon we can find you the best set up utilizing the multiple clearing arrangements we have with more than a few FCMs.

    How much margin is required to sell a futures option?

    That is a question we get asked often. The exact number is an output of SPAN margins. SPAN deserves a post on its own, but what it stands for is: Standard Portfolio Analysis of Risk. The formula takes into consideration volatility, time value, distance of strike price from current underlying future, and more.

    Outright options may be easier to “guesstimate” margin than more complex strategies and spreads, but our free platform, E-Futures Int’l (https://www.cannontrading.com/software/e-futures-international )has a margin calculator built in so you can calculate the margin you will need for different strategies.

    Commission for selling options on futures?

    Commissions will vary based on the following:

    Are you trading online or with a broker?

    Trading volume

    Account size

    Risk responsibility.

    The rates for selling options will vary from as low as $0.25 per side + fees for HIGH VOLUME, institutional accounts to $30 per side + fees for retail, broker assisted accounts.

     

    Selling options is NOT for newcomers as it involves higher risk than buying options.

    However, selling options and trading option spreads may offer an edge if done with proper risk management. No guarantees are made here.

    Our strength at Cannon is our ability to offer CUSTOMIZED trading solutions, so contact a broker at:

    https://www.cannontrading.com/company/contact

    and learn more about risks and opportunities in futures trading (https://www.cannontrading.com/riskopportunity), what software you can use, consult with a broker on margin, commissions and strategy questions and much more!

     

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

  • Futures Options Writing + Dow Jones CASH Index Chart + Levels 6.26.2019

    ____________________________________________________________________

    Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

    ____________________________________________________________________

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!
    What is the minimum amount to open a futures trading account?
    We are often asked what is the minimum to open a futures trading account? The simple answer is $750. The more in depth answer depends on the type of trading the clients would like to do and possible margin implications/ factors.
    $750 will allow you to open a futures trading account where you can trade MICROS.
    To day-trade other futures, our minimum account funding is $2500.
    If you are looking to swing trade or carry positions for longer term trades, you need to be aware of the overnight margins for different contracts and we usually like to see you start with $5,000
    If you are looking to sell options and collect premium*, we normally like to see at least $10,000 minimum funding.
    The bottom line is that the trading capital you will use needs to be pure risk capital, something you will be comfortable with and our licensed brokers will be happy to provide feedback, answer questions and much more.
    *Cannon offers SPAN margins for options sellers.
    Many brokers will restrict or increase the margins required for options sellers, traders who like to “collect premium” but here at cannon we can find you the best set up utilizing the multiple clearing arrangements we have with more than a few FCMs.
    Daily chart of the Dow Jones CASH Index for your review below.

    Good Trading

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

     

    Futures Trading Levels

    06-26-2019

     


    Economic Reports, source: 

    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.

  • Rollover Notice for Stock Index Futures & Futures Levels 6.13.2019

    ____________________________________________________________________

    Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

    ____________________________________________________________________

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!
    Rollover Notice for Stock Index Futures
    Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones etc., it is extremely important to remember that we are now rolling over and trading the September 2019 contract.
    Starting June 13th, the September 2019 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the September 2019 contract as of June 13th.
    Volume in the June 2019 contracts will begin to drop off until its expiration on Friday June 21st.
    The month code for September is U19
    In between, 30 min chart of the mini NASDAQ for your review below, on the short term, market can decline some more if we stay below the 7500 level.

    Good Trading

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

     

    Futures Trading Levels

    06-13-2019

     


    Economic Reports, source: 

    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.

  • Weekly Futures Silver Chart & Trading Level 6.07.2019

    ____________________________________________________________________

    Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

    ____________________________________________________________________

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!
    Is the silver market finally waking up?
    A look at weekly chart below.
    Are you tired of day-trading and getting stopped out?
    1. As a hedge, no need for stops
    2. As a pure speculation. A relatively inexpensive way to speculate on market direction in a time frame that can be for minutes, hours or a few days without the need to use stops.
    Briefly, the definition of an option contract from the National Futures Association is: An investment vehicle which gives the option buyer the right—but not the obligation—to buy or sell a particular futures contract at a stated price at the specified expiration date. There are two separate and distinct types of options: calls and puts. These weekly options are European Style, Exercisable to the nearest futures contract at 3pm Central time on Friday. If in the money by any amount, the exercise is automatic.

    Good Trading

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

     

    Futures Trading Levels

    06-07-2019

     


    Economic Reports, source: 

    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.

  • Daily NQ Chart & Support and Resistance Levels 6.05.2019

    ____________________________________________________________________

    Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

    ____________________________________________________________________

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!
    Trading 101: Free, Interactive Futures Trading Tutorial
    An interactive tutorial on the basics ( and a little more) of futures trading.
    Regardless if you traded before or new to the futures markets, this tutorial is nicely put together by our regulators and the CME and touches on a variety of sub topics that go into trading futures and options.
    Browse through the tutorial at your leisure and at your own pace. Please call us if you have any questions about implementing your strategy or requesting a live demo or have feedback.

    Good Trading

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

     

    Futures Trading Levels

    06-06-2019

     


    Economic Reports, source: 

    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.

  • June Crop Outlook & Futures Levels 6-04-2019

    ____________________________________________________________________

    Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

    ____________________________________________________________________

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!
    Market Movers Video
    June Crop Report Market Outlook
    Will weather conditions and resulting planting delays create a historic month for the corn market?
    In this video, Dave Hightower, Founding Principal of The Hightower Report, and Dan Basse, President of AgResource Company, discuss how mother nature may impact the upcoming crop season.

    Good Trading

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

     

    Futures Trading Levels

    06-05-2019

     


    Economic Reports, source: 

    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.

  • Trading Videos+ Trading Levels for June 4th

    ______________________________________________________________

    Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

    ____________________________________________________________________

    Dear Traders,

    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!
    Trading 101: Trading videos on bollinger bands, Parabolics, Trading levels, Range Bars and more!
    Watch the latest trading videos we have posted and shared with our clients!
    In this week’s newsletter we are sharing two videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
    1. Using bollinger 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.

    Good Trading

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

     

    Futures Trading Levels

    06-03-2019


    Economic Reports, source: 

    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.

  • How to Select a Commodities & Futures Broker

    Futures Broker

    Selecting the ideal futures broker is one of the most important steps a trader can take. Whether you are brand new to futures trading, or an experienced trader looking to expand your portfolio, the futures broker you choose will undoubtedly be integral to your trading success. It is important to weight your options and select a broker that will meet your needs at a firm that offers you the maximum value for that support.

    The first decision you will want to make is whether to hire a Transactional or Relationship-Based Broker. Transactional brokerage firms offer clearing services and of course, access to exchanges. However, transactional firms will not assign you a personal broker and therefore can only offer base level support. It is truly a “one size fits all” approach.

    Relationship-based brokers are highly involved in their traders’ progress. These brokers provide one-on-one service to each account, and will do everything in their power to ensure their traders are equipped for success. Relationship-based brokers work with their clients to evaluate their needs, provide them with the proper technology and support for trading, and communicate frequently to reevaluate and renovate accounts for maximum success.

    After a trader has determined which of these two types of brokers will most benefit them, the next step is to evaluate how much support the trader will need. There are a few basics to choose from when it comes to broker support, the first is 24-hour vs. business hour support, and the next is access to a support team vs. access to a dedicated futures broker.

    Even experienced brokers usually choose a firm that offers access to 24-hour trading support from a dedicated Futures broker. The futures markets run all day, and therefore the need for 24-hour support is probable. However, not all firms offer 24-hour support, and some that do only offer access to a support team, not a dedicated broker. While a support team can be helpful in low-stakes scenarios, it is possible to get caught in a high-stakes situation in which a dedicated broker would be more helpful.

    When making the decision between 24-hour and business-hour support, and a support team vs. a dedicated Futures broker, a trader should consider their experience level and how comfortable they would be in a risky market situation on their own.

    Another factor a trader should consider when choosing the support level that best meets their trading needs is execution services. Execution is the completion of a buy or sell, and there are many kinds. Some traders prefer self-directed execution through online trading, others prefer Futures broker assistance, still others opt for strategy execution, in which an automated system completes the execution based on a specific guided strategy. There is also newsletter execution, options execution, and managed futures. Some brokerage firms only offer one of these types of execution, others offer two or three, and still other offer all to their clients to pick and choose as they see fit. When selecting a broker, it is important to first determine which of these types of execution will work best for you, and make sure the brokers you are interested in offer them.

    Once you have determined a brokerage offers the support level that is right for you, the next thing you will want to consider are the tools offered by the firm the help you with your trading. These include trading technology, research and reports, and access to futures commission merchants that specialize in the aspects of the markets that match your needs.

    In today’s markets, having access to the latest and best technology is essential. Fast, stable, and reliable direct market access are the bare minimum features you should look for in a trading platform. While some brokerage firms only provide access to one trading platform, many offer access to a multitude, so that each client can choose the platforms that best suit their needs. It is important to ask a potential Futures broker which platform they believe will work best for you, a good broker will be direct about this. Keep in mind that a broker at a firm with only one trading platform is obligated to sell you on that platform, and not choose something specific to you. A good broker-assistance platform will also give you access to quotes and charts. You may not always need these resources, but they’re great to have around to improve your trading skills.

    A good brokerage firm will also offer fundamental and technical research and a variety of reports to all of its clients. These include news reports and a calendar of major releases. Traders do not want to be caught without up-to-the-minute information regarding the markets. Brokerage firms worth pursuing will provide this information frequently and in detail.

    The final tool that a trader should look for in a brokerage firm is access to a variety of Futures Commissions Merchants (FCMs) that specialize in aspects of the commodity futures markets that are relevant to that trader. Every FCM is different, and none of them specialize in everything, so a broker that offers options is key. You will want to talk to your potential broker about the clearing firms they offer, and what the advantages and disadvantages are of each FCM they offer. A good broker will be honest about the disadvantages of every FCM, that’s why they offer more than one!

    Once you have determined that a few firms offer everything you need, it is time to look at value. It is important to have a clear understanding of each brokerage’s commission rates and all additional fees that are charged. Do not be afraid to talk to potential brokers about these rates, and read any material on their website or in contracts thoroughly. Another way to determine the firm with the best value is to look at Margins and Leverage. While the overnight margin will remain the same no matter what broker you choose, some brokers will offer special rates for certain types of trading. A good brokerage will also offer $500 margins to a day trader as long as that privilege is not abused. A transactional firm will allow a trader to use a $500 margin to ruin, but a relationship-based broker firm will insist that traders be safe and smart with their funds.

    It is important to remember that low margins and high leverage are not the only factors you should be looking at in a brokerage firm. Ask the brokers how they manage risk, monitor leverage, and what maximum leverage they would recommend to you as a client. Some Futures broker even offer risk controls on your account, to protect you when you have reached a maximum leverage level.

    Selecting a futures broker can be a daunting process, but the prepared and inquisitive trader will find an ideal match. Knowing your needs, your experience, your knowledge, and your financial health will help you not only find a brokerage firm that’s right for you, but also help your broker create a trading plan to maximize your success. You don’t need to find the most expensive firm for great results, many excellent firms are also great values. And you also don’t want to go straight to the lowest-cost provider, many bargain basement firms offer little to no guidance to their clients. Take your time selecting a Futures broker, get on the phone, ask questions, be direct and detailed, and find a broker who you trust to get you where you need to go.

    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.

  • Futures eBook & Trading Levels for 8.17.2018

    ____________________________________________________________________

    Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

    ____________________________________________________________________

    Dear Traders,
    Like us on FaceBook!
    Get Real Time updates and market alerts on Twitter!
    Cannon Trading’s eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
    • A plan with steps for success
    • The top mistakes traders make daily
    • How to handle the market noise
    • And much more!
    The futures industry is complex and risky, which is why you need someone to be forthright with you….

    Futures Forthright eBook – FREE INSTANT DOWNLOAD

    Good Trading!
    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    Futures Trading Levels

    08.17.2018

    Trustpilot Logo
    Trustpilot Stars
    TrustScore

    Futures Trading Levels For Aug. 17th
    Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
    Resistance 3 2892.08 7499.50 26206 1719.00 6778.73
    Resistance 2 2871.92 7467.00 25907 1706.00 6628.49
    Resistance 1 2857.83 7428.25 25745 1697.00 6515.45
    Pivot 2837.67 7395.75 25446 1684.00 6365.21
    Support 1 2823.58 7357.00 25284 1675.00 6252.17
    Support 2 2803.42 7324.50 24985 1662.00 6101.93
    Support 3 2789.33 7285.75 24823 1653.00 5988.89
    Contract December Gold #GC_F Sept. Silver #SI-F Sept. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
    Resistance 3 1212.6 15.38 66.93 145 12/32 1.1507
    Resistance 2 1200.8 15.10 66.22 145  1/32 1.1470
    Resistance 1 1190.7 14.87 65.84 144 26/32 1.1434
    Pivot 1178.9 14.59 65.13 144 15/32 1.1397
    Support 1 1168.8 14.36 64.75 144  8/32 1.1360
    Support 2 1157.0 14.08 64.04 143 29/32 1.1323
    Support 3 1146.9 13.85 63.66 143 22/32 1.1287
    Contract Dec.  Corn #ZC_F Sept. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Sept. Nat Gas #NG_F
    Resistance 3 384.5 576.8 916.17 346.43 3.00
    Resistance 2 383.3 572.2 907.83 342.27 2.97
    Resistance 1 381.5 567.1 902.42 339.63 2.94
    Pivot 380.3 562.4 894.08 335.47 2.92
    Support 1 378.5 557.3 888.7 332.8 2.9
    Support 2 377.3 552.7 880.33 328.67 2.86
    Support 3 375.5 547.6 874.92 326.03 2.83

    Economic Reports,  source:


    Economic Reports, source

    https://app.bettertrader.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 weekly chart +Support & Resistance Levels 6.21.2018

    ____________________________________________________________________

    Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

    ____________________________________________________________________

    Dear Traders,

    Follow us on Twitter and receive real time trade updates, market developments and breaking news!!
    Gold WEEKLY chart for your review below.
    This Sunday night I got the first weekly sell signal since the end of 2017. You can see the little red arrow along with the current bar marked in red. Just because a signal happened, does not mean we will see a sell off but for me personally it is a good probability that the pressure is stronger to the downside. I like some of the option plays one can do using vertical put spreads.
    The chart above includes some proprietary studies/ALGOS.
    These ALGOS along with a 15 minutes one on one session is available for a free trial.

    To sign up and more info visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals 

    Good Trading

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

    Futures Trading Levels

    06-21-2018

    Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
    Resistance 3 2801.25 7461.33 25029 1737.83 7109.66
    Resistance 2 2789.75 7398.92 24944 1725.87 6961.28
    Resistance 1 2780.25 7351.58 24803 1718.83 6857.81
    Pivot 2768.75 7289.17 24718 1706.87 6709.43
    Support 1 2759.25 7241.83 24577 1699.83 6605.96
    Support 2 2747.75 7179.42 24492 1687.87 6457.58
    Support 3 2738.25 7132.08 24351 1680.83 6354.11
    Contract August Gold #GC_F July Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
    Resistance 3 1284.9 16.48 67.89 144 27/32 1.1749
    Resistance 2 1281.7 16.43 67.12 144 19/32 1.1713
    Resistance 1 1276.7 16.36 66.33 143 31/32 1.1685
    Pivot 1273.5 16.31 65.56 143 23/32 1.1649
    Support 1 1268.5 16.24 64.77 143  3/32 1.1622
    Support 2 1265.3 16.19 64.00 142 27/32 1.1586
    Support 3 1260.3 16.12 63.21 142  7/32 1.1558
    Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
    Resistance 3 367.0 509.2 917.00 348.10 3.04
    Resistance 2 361.8 499.6 906.50 343.00 3.01
    Resistance 1 358.0 493.9 898.00 338.10 2.98
    Pivot 352.8 484.3 887.50 333.00 2.95
    Support 1 349.0 478.7 879.0 328.1 2.9
    Support 2 343.8 469.1 868.50 323.00 2.89
    Support 3 340.0 463.4 860.00 318.10 2.87

    Economic Reports, source: 

    http://app.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.

  • Trading Crude Oil Futures

    Tips for day trading NYMEX crude oil futures

    By Ilan Levy-Mayer, VP Cannon Trading Co, Inc.

    When it comes to day trading futures contracts, crude oil futures are assumed one of the leading positions as far as trading volume.

     

    During the month of May 2018,  crude oil futures averaged around 1 Million contracts traded per day! That actually surpasses contracts like the ten-year notes, mini SP, mini Nasdaq and others who have traditionally been leaders’ in terms of volume.

     

    Part of the growth in crude oil futures is attributed to day trader participation. Day traders, by definition, will enter and exit their positions during the same trading day. This adds volume to the market traded.

     

    Some of the tips I am sharing below can be applied to most futures contracts as well as other financial products that are traded like stocks, forex, bonds and others. Some of the advice I am sharing is very specific to the crude oil futures trading field.

     

    1. Know the product you are trading:

     

    1. Just like a trader who trades a stock like Facebook knows what Facebook does, when its earning reports are due and other factors, so does a crude oil futures day trader needs to know a few facts about crude oil:

     

    • Contract Size: Crude Oil Futures consist of 1,000 barrels. For the trader this means that each full $1 move in crude futures = $1,000 against you or in your favor.

     

    For example:  A move from 72.10 to 73.10 = $1,000 and a move from 72.10 to 72.11 = $10 (the minimum fluctuation size or the tick size). Be aware that the CME also offers the mini crude contract,  which is half the size.

     

    • Trading Hours: Crude oil futures trade on the Globex terminal between the hours of 5:00 PM CST the DAY BEFORE to 4:00 PM CST the following day. Which means 23 hours of straight trading. It is important to know that most of the volume will trade between the hours of 8:00 AM CST and 1:30 PM CST, as these hours correspond to the “pit session” of the old trading floor.

     

    Another key aspect to remember is that crude oil is a deliverable commodity and the “front month” will change every 30 days or so. For example: since May 22nd 2018 we have been trading July crude oil.

     

    • Reports: There are more than a few reports that will affect crude oil future prices indirectly. These include monthly unemployment, the FOMC rate decision, and a few others.

     

    However, there are two major reports that move crude oil futures and its by-products (unleaded gasoline and heating oil) sharply: The API report, which comes out at 3:30 PM CST every Tuesday, and the DOE (Dept. of Energy) inventory numbers, which come out almost every Wednesday at 9:30AM CST.

     

    Take a look at this one-minute chart from Wednesday, May 16th right around the report time below to understand the volatility involved.

    As you can see above, the market made a move of $700 per ONE contract in a matter of minutes, perhaps even seconds! That type of risk and opportunity is one of the factors attracting day-traders into the crude oil market.

     

    • Geo Political Events: Middle East tensions, the Iran nuclear deal, tensions between Iraq and its neighbors…these are all examples of events that affect crude oil prices. Not to mention OPEC meetings!

     

     

    1. Trading Personality:

     

    In my opinion crude oil (like many other markets) will have one of the following 3 modes: trending, two-sided volatility, or Choppy/quiet/range bound trading.

     

    My experience is that crude will more often fall into the first 2 categories:  strong trend or two-sided volatility.  This leads me to my next point below, different trading set-ups.

     

    1. Trading Set-Ups:

     

    My preferred methods for trading crude are either breakout concept in an attempt to catch a strong move up or down once the market broke some key support or resistance levels, AND/OR counter trend methods to take advantage of when the market is oversold or overbought. Crude does seem to bring more fear and greed out of traders. So looking at RSI levels, for example, and using moving averages ON the RSI to try and get a feel for market reversals are methods worth exploring.

     

    1. Keep a journal:

     

    Like with any other trading, keep a journal. Take notes on how the market reacted to certain reports, how the markets traded during certain times of the day, and action you took and emotions you had that either helped or hurt you while trading. These notes will help you going forward.

     

    In summary, crude oil futures volume has increased significantly these past few years. The crude oil futures offer traders certain dynamics that other markets may not at certain times. Volatility, fear and greed are key traits for this market. Remember that trading crude oil futures specifically and futures and options in general carries a large degree of risk and is not suitable for all investors. Make sure you consult with a series 3 broker if you never traded this market before. As always, I wish you Good Trading!

     

    Important: Trading commodity futures and options involves a substantial risk of loss.

    The recommendations contained in this letter are of opinion only and do not guarantee any profits.

    There is not an actual account trading these recommendations.

    Past performances are not necessarily indicative of future results.

  • Try trading indicators for free!

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Friday November 11, 2016

    Greetings!

    Would you like to try trading indicators NOT found anywhere else?

    If so check out https://www.cannontrading.com/tools/intraday-futures-trading-signals

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Levels for Trade Date of 11.15.2016

    Contract Dec. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2194.50 4874.00 19056 1337.23 101.62
    Resistance 2 2184.50 4829.25 18987 1322.67 100.93
    Resistance 1 2172.25 4762.25 18900 1310.43 100.48
    Pivot 2162.25 4717.50 18831 1295.87 99.79
    Support 1 2150.00 4650.50 18744 1283.63 99.34
    Support 2 2140.00 4605.75 18675 1269.07 98.65
    Support 3 2127.75 4538.75 18588 1256.83 98.20
    Contract Dec. Gold Dec. Silver Dec. Crude Oil Dec. Bonds Dec.   Euro
    Resistance 3 1249.6 18.23 45.90 157 3/32 1.0961
    Resistance 2 1240.3 17.86 44.86 156 8/32 1.0909
    Resistance 1 1229.7 17.36 44.29 155 5/32 1.0828
    Pivot 1220.4 16.99 43.25 154 10/32 1.0775
    Support 1 1209.8 16.49 42.68 153 7/32 1.0694
    Support 2 1200.5 16.12 41.64 152 12/32 1.0642
    Support 3 1189.9 15.62 41.07 151 9/32 1.0561
    Contract Dec. Corn Dec. Wheat Jan. Beans Dec. SoyMeal Dec. Nat Gas
    Resistance 3 342.9 403.9 996.67 318.63 2.94
    Resistance 2 341.1 401.3 991.58 314.97 2.86
    Resistance 1 339.2 397.7 987.92 312.43 2.80
    Pivot 337.3 395.1 982.83 308.77 2.72
    Support 1 335.4 391.4 979.2 306.2 2.7
    Support 2 333.6 388.8 974.08 302.57 2.59
    Support 3 331.7 385.2 970.42 300.03 2.54

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date

    3:54pm Currency Impact Detail Actual Forecast Previous Graph
    TueNov 15  2:00am EUR
    German Prelim GDP q/q
    0.3% 0.4%
    2:45am EUR
    French Final CPI m/m
    0.0% 0.0%
    4:00am EUR
    Italian Prelim GDP q/q
    0.2% 0.0%
    5:00am EUR
    Flash GDP q/q
    0.3% 0.3%
    EUR
    German ZEW Economic Sentiment
    7.9 6.2
    EUR
    Trade Balance
    22.3B 23.3B
    EUR
    ZEW Economic Sentiment
    14.3 12.3
    8:30am USD
    Core Retail Sales m/m
    0.5% 0.5%
    USD
    Retail Sales m/m
    0.6% 0.6%
    USD
    Empire State Manufacturing Index
    -1.5 -6.8
    USD
    Import Prices m/m
    0.4% 0.1%
    10:00am USD
    Business Inventories m/m
    0.2% 0.2%

    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.

  • Free Futures Forthright eBook 6.14.2016

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Tuesday June 14, 2016

    Hello Traders,

    Cannon Trading’s new eBook

    Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike.
    Futures Forthright eBook

    Inside you can find:

    • A plan with steps for success
    • The top mistakes traders make daily
    • How to handle the market noise
    • And much more!

    The futures industry is complex and risky, which is why you need someone to be forthright with you….

    Futures Forthright eBook -FREE INSTANT DOWNLOAD

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels 

    Contract Sept. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2104.75 4487.75 17920 1172.73 95.28
    Resistance 2 2097.00 4471.00 17861 1166.67 95.06
    Resistance 1 2084.25 4445.25 17757 1156.63 94.73
    Pivot 2076.50 4428.50 17698 1150.57 94.51
    Support 1 2063.75 4402.75 17594 1140.53 94.19
    Support 2 2056.00 4386.00 17535 1134.47 93.97
    Support 3 2043.25 4360.25 17431 1124.43 93.64
    Contract Aug. Gold July Silver July Crude Oil Sept. Bonds Sept.   Euro
    Resistance 3 1308.1 17.92 50.27 169 25/32 1.1433
    Resistance 2 1299.2 17.69 49.78 169 11/32 1.1387
    Resistance 1 1293.0 17.56 49.15 169 2/32 1.1360
    Pivot 1284.1 17.33 48.66 168 20/32 1.1315
    Support 1 1277.9 17.20 48.03 168 11/32 1.1288
    Support 2 1269.0 16.97 47.54 167 29/32 1.1242
    Support 3 1262.8 16.84 46.91 167 20/32 1.1215
    Contract July Corn July Wheat July Beans July SoyMeal July Nat Gas
    Resistance 3 445.7 511.1 1209.25 433.27 2.69
    Resistance 2 441.8 506.9 1200.50 428.13 2.66
    Resistance 1 435.9 499.1 1184.75 418.27 2.63
    Pivot 432.1 494.9 1176.00 413.13 2.60
    Support 1 426.2 487.1 1160.3 403.3 2.6
    Support 2 422.3 482.9 1151.50 398.13 2.53
    Support 3 416.4 475.1 1135.75 388.27 2.50

    Economic Reports

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 4:05pm Currency Impact Detail Actual Forecast Previous Graph
    TueJun 14  4:30am GBP
    CPI y/y
    0.4% 0.3%
    GBP
    PPI Input m/m
    0.9% 0.9%
    GBP
    RPI y/y
    1.5% 1.3%
    GBP
    Core CPI y/y
    1.3% 1.2%
    GBP
    PPI Output m/m
    0.3% 0.4%
    5:00am EUR
    Employment Change q/q
    0.2% 0.3%
    EUR
    Industrial Production m/m
    0.7% -0.8%
    6:00am USD
    NFIB Small Business Index
    93.8 93.6
    8:30am USD
    Core Retail Sales m/m
    0.4% 0.8%
    USD
    Retail Sales m/m
    0.4% 1.3%
    USD
    Import Prices m/m
    0.8% 0.3%
    10:00am USD
    Business Inventories m/m
    0.2% 0.4%

    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.

  • Top 50 Futures Trading Rules 5.13.2015

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Wednesday May 13, 2015

    Hello Traders,

    For 2015 I would like to wish all of you discipline and patience in your trading!

    Hello Traders,

    Top 50 Trading Rules:

    Most Common Pitfalls To Avoid When Trading Futures-Commodity Futures

    Separator

    500 experienced futures brokers were asked what caused most futures traders to lose money when comes to trading futures.

    Their answers reflected the trading experience of more than 10,000 futures traders. Download the PDF and find out what they said.

    1.) Have a Plan

    Many futures traders trade without a plan. They do not define specific risk and profit objectives before trading. Even if they establish a plan, they “second guess” it and don’t stick to it, particularly if the trade is a loss. Consequently, they overtrade and use their equity to the limit (are undercapitalized), which puts them in a squeeze and forces them to liquidate positions. Usually, they liquidate the good trades and keep the bad ones.

    Separator

    2.) News Factor

    Many traders don’t realize the news they hear and read has, in many cases, already been discounted by the market.

    Separator

    3.) Trade Objectively

    After several profitable trades, many speculators become wild and nonconservative. They base their trades on hunches and long shots, rather than sound fundamental and technical reasoning, or put their money into one deal that “can’t fail.”

    Separator

    4.) Know Your Size

    Traders often try to carry too big a position with too little capital and trade too frequently for the size of the account.

    Separator

    5.) Don’t Get Greedy when it comes to Trading Futures

    Some traders try to “beat the market” by day trading, nervous scalping, and getting greedy.

    Download the full report

     

    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.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!


    Futures Trading Levels

    Contract June 2015 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2125.33 4509.50 18305 1260.03 96.10
    Resistance 2 2113.17 4473.75 18188 1247.17 95.68
    Resistance 1 2103.58 4446.00 18105 1239.03 95.16
    Pivot 2091.42 4410.25 17988 1226.17 94.73
    Support 1 2081.83 4382.50 17905 1218.03 94.21
    Support 2 2069.67 4346.75 17788 1205.17 93.79
    Support 3 2060.08 4319.00 17705 1197.03 93.27
    Contract June Gold July Silver June Crude Oil June Bonds June   Euro
    Resistance 3 1215.8 17.18 63.45 157 5/32 1.1435
    Resistance 2 1206.0 16.89 62.30 155 23/32 1.1360
    Resistance 1 1199.2 16.70 61.42 154 20/32 1.1290
    Pivot 1189.4 16.41 60.27 153 6/32 1.1215
    Support 1 1182.6 16.23 59.39 152 3/32 1.1145
    Support 2 1172.8 15.94 58.24 150 21/32 1.1070
    Support 3 1166.0 15.75 57.36 149 18/32 1.1000
    Contract July Corn July Wheat July Beans July SoyMeal June Nat Gas
    Resistance 3 370.4 480.5 996.33 318.73 3.11
    Resistance 2 367.3 480.5 988.17 315.47 3.02
    Resistance 1 364.2 480.5 971.83 309.43 2.96
    Pivot 361.1 480.5 963.67 306.17 2.87
    Support 1 357.9 480.5 947.3 300.1 2.8
    Support 2 354.8 480.5 939.17 296.87 2.73
    Support 3 351.7 480.5 922.83 290.83 2.67
    5. Economic Reports

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 4:45pm Currency Impact Detail Actual Forecast Previous Graph
    WedMay 13  1:30am EUR French Prelim GDP q/q 0.4% 0.1%
    2:00am EUR German Prelim GDP q/q 0.5% 0.7%
    EUR German Final CPI m/m -0.1% -0.1%
    EUR German WPI m/m 0.4% 1.0%
    2:45am EUR French CPI m/m 0.2% 0.7%
    EUR French Prelim Non-Farm Payrolls q/q 0.0% 0.0%
    4:00am EUR Italian Prelim GDP q/q 0.2% 0.0%
    5:00am EUR Flash GDP q/q 0.5% 0.3%
    EUR Industrial Production m/m 0.1% 1.1%
    Tentative EUR German 10-y Bond Auction 0.13|1.5
    8:30am USD Core Retail Sales m/m 0.4% 0.4%
    USD Retail Sales m/m 0.3% 0.9%
    USD Import Prices m/m 0.3% -0.3%
    10:00am USD Business Inventories m/m 0.2% 0.3%
    10:30am USD Crude Oil Inventories -0.1M -3.9M
    1:01pm USD 10-y Bond Auction 1.93|2.6

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

     

  • Day Trading Psychology, Levels & Economic Reports 10.31.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

    Hello Traders,

     

    I read the following from:  http://www.daytradingpsychology.com/

    and thought it was worth sharing. I think that if you know which category you fall into, it may actually help you deal with this “non human brain friendly thing called trading”……

     

    THE COMPULSIVE BRAIN

    People with Compulsive brains tend to get stuck in a particular thought or view of the market. Whether bullish or bearish, right or wrong, the main thing is that their minds are closed.

    People with compulsive brains often don’t use stops (because they “know” what’s going to happen). They can have some amazing winners, but they will hold a losing position much longer than necessary because they are not open to the feedback the market is giving. These folks demonstrate the same closed-mindedness in daily life and tend to have very strict, by-the-book ways of doing things.

    THE IMPULSIVE BRAIN

    People with Impulsive brain function are the exact opposite. They tend to stop themselves out all the time and over-use the reverse button. They over-trade. Like a fish spotting a shiny lure, they can’t resist getting involved in a moving market.

    In other words, they lack impulse control. This will show up not only in trading, but in conversation, driving, eating and other aspects of daily life.

    THE ANXIOUS BRAIN

    The third type of brain function found among traders is the Anxious Brain. These folks live with a non-specific sense of impending doom. They see the glass of life as half empty.

    When they take risks in trading, they are skeptical and have a heightened sense of the obstacles in their way to success. For example, if they are long, they over-focus on resistance.

    THE DEPRESSED BRAIN

    The fourth type is the Depressed Brain. These people tend to feel victimized by the market. They have a ‘Rodney Dangerfield’ mentality, believing that they never get a break or a fair shake.

    They blame the Fed, the robots, the news, company management, or whatever for their investing and trading troubles. This type of thinking rationalizes and justifies their pre-existing negative mood. They don’t see their part in a self-fulfilling prophecy of disappointment.

    THE ADDICTED BRAIN

    The fifth type is a combination of Compulsive and Impulsive. These folks tend to be compulsively impulsive, which usually means that they have an addictive relationship to the market and to trading.

    They over-trade because they are trading-to-trade, like a mouse pressing a lever to generate pleasure signals in their brains.

     

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

     

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

     


    Futures Trading Levels

    Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2037.08 4173.67 17555 1190.43 87.03
    Resistance 2 2015.67 4138.08 17353 1174.37 86.81
    Resistance 1 2002.08 4114.17 17234 1163.73 86.52
    Pivot 1980.67 4078.58 17032 1147.67 86.30
    Support 1 1967.08 4054.67 16913 1137.03 86.01
    Support 2 1945.67 4019.08 16711 1120.97 85.79
    Support 3 1932.08 3995.17 16592 1110.33 85.50
    Contract December Gold Dec.Silver Dec. Crude Oil Dec. Bonds Dec. Euro
    Resistance 3 1232.4 17.89 83.16 142 20/32 1.2750
    Resistance 2 1224.4 17.55 82.62 142 12/32 1.2696
    Resistance 1 1211.4 17.01 81.79 141 29/32 1.2655
    Pivot 1203.4 16.67 81.25 141 21/32 1.2601
    Support 1 1190.4 16.14 80.42 141 6/32 1.2560
    Support 2 1182.4 15.80 79.88 140 30/32 1.2506
    Support 3 1169.4 15.26 79.05 140 15/32 1.2465
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 383.3 537.1 1048.50 428.83 35.07
    Resistance 2 380.5 536.7 1044.75 418.67 34.74
    Resistance 1 377.3 536.3 1037.25 399.33 34.52
    Pivot 374.5 535.9 1033.50 389.17 34.19
    Support 1 371.3 535.6 1026.0 369.8 34.0
    Support 2 368.5 535.2 1022.25 359.67 33.64
    Support 3 365.3 534.8 1014.75 340.33 33.42
    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 3:58pm Currency Impact Detail Actual Forecast Previous Graph
    FriOct 31  3:00am EUR German Retail Sales m/m -0.8% 2.5%
    3:45am EUR French Consumer Spending m/m -0.3% 0.7%
    5:00am EUR Italian Monthly Unemployment Rate 12.4% 12.3%
    6:00am EUR CPI Flash Estimate y/y 0.4% 0.3%
    EUR Core CPI Flash Estimate y/y 0.8% 0.8%
    EUR Unemployment Rate 11.5% 11.5%
    EUR Italian Prelim CPI m/m -0.1% -0.3%
    8:30am USD Core PCE Price Index m/m 0.1% 0.1%
    USD Employment Cost Index q/q 0.6% 0.7%
    USD Personal Spending m/m 0.2% 0.5%
    USD Personal Income m/m 0.3% 0.3%
    9:45am USD Chicago PMI 60.2 60.5
    9:55am USD Revised UoM Consumer Sentiment 86.4 86.4
    USD Revised UoM Inflation Expectations 2.8%

     

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

  • Recognizing Different Types of Trading Days & Levels 10.22.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

     

    Are we done? Was this the correction everyone was afraid of and that’s it?

    Only the future can tell but interesting to look at the daily chart below of the mini SP 500. We bounced OVER 100 points from the lows!!! But I still need to see if we can break above the 1946 level marked on the chart….

     

    Another interesting point is that this rally is on much lower volume than the sell off, but then again this has been the story in the “minor corrections” we had during the last several years.

     

    Not sure if this one is any different and we are heading back to test new highs…my “emotions/gut” says this one has a bigger chance of being a more serious correction than the ones we have seen before but my “trading brain” says that statistically odds are in favor of resumption in the rally…

    To be honest none of the above matter, the game has been and still is” What is the FED doing? will they allow QE 3 to linger longer? is Europe going to start it’s own QE?  This is what will really dictate the direction of stock indices.

     

    In between, I think that most of the readers of this blog are day traders by nature.

    I think the main challenge these past few weeks been to try and recognize early enough the type of trading day ahead and we have seen the three major ones these past few weeks:

     

     

    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. We have seen some very “violent examples of this type of trading day these past 2 weeks.

     

    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. Today was definitely one of these day!!

     

    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. We have not seen many of these in the last few weeks….

    • 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)

     

     

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

     

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

     


    Futures Trading Levels

    Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2005.25 4127.17 16993 1141.33 86.34
    Resistance 2 1971.25 4047.08 16770 1125.77 85.90
    Resistance 1 1953.75 4006.17 16654 1117.43 85.68
    Pivot 1919.75 3926.08 16431 1101.87 85.24
    Support 1 1902.25 3885.17 16315 1093.53 85.01
    Support 2 1868.25 3805.08 16092 1077.97 84.57
    Support 3 1850.75 3764.17 15976 1069.63 84.35
    Contract December Gold Dec.Silver Dec. Crude Oil Dec. Bonds Dec. Euro
    Resistance 3 1264.2 17.96 84.99 144 20/32 1.2932
    Resistance 2 1259.9 17.81 84.13 144 6/32 1.2888
    Resistance 1 1254.3 17.66 83.30 143 10/32 1.2805
    Pivot 1250.0 17.51 82.44 142 28/32 1.2761
    Support 1 1244.4 17.36 81.61 142 1.2678
    Support 2 1240.1 17.21 80.75 141 18/32 1.2634
    Support 3 1234.5 17.06 79.92 140 22/32 1.2551
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 370.8 526.9 986.33 363.27 32.21
    Resistance 2 364.7 524.6 976.42 353.83 32.07
    Resistance 1 360.3 521.9 970.33 348.37 31.91
    Pivot 354.2 519.6 960.42 338.93 31.77
    Support 1 349.8 516.9 954.3 333.5 31.6
    Support 2 343.7 514.6 944.42 324.03 31.47
    Support 3 339.3 511.9 938.33 318.57 31.31
    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 4:11pm Currency Impact Detail Actual Forecast Previous Graph
    WedOct 22  Tentative EUR German 30-y Bond Auction 2.25|1.1
    8:30am USD CPI m/m 0.0% -0.2%
    USD Core CPI m/m 0.2% 0.0%
    10:30am USD Crude Oil Inventories 2.8M 8.9M

     

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

  • Monday Futures Market Recap, Economic Reports & Levels 10.21.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

     

    TradeTheNews.com Weekly Market Update: The Correction That Wasn’t

    From Our Friends at: www.TradeTheNews.comMarket volatility reached epic levels this week. By Wednesday afternoon, the S&P500 had given up than 4% on the week after a series of unfortunate events hammered risk assets, drove liquidation and raised fear the dreaded correction had arrived. However most of the gap was filled in the second half of the week as the soothing possibility of more central bank easing emerged. On Wednesday, the withdrawal of Ireland’s exotic tax avoidance laws, which inspired AbbVie to cancel its $54 billion merger with Shire, slammed many US hedge funds that were long Shire in an arbitrage trade. The same day, talk that the Greek anti-euro, anti-bailout opposition had strengthened its influence drove a massive sell-off in European peripheral debt, further hurting many US hedge funds that were long the instruments. On top of that the Ebola scare reached a fever pitch with false alarms across the US, though only one additional case was confirmed. The combined effect was risk asset liquidation, driving the VIX index above 30 for the first time in nearly two years. Commenting on Wednesday’s market action, Goldman Sachs’ CFO said investors were “shooting first and asking questions later.” Then on Thursday, the ECB said it would adjust haircuts on bonds used as collateral for loans to Greek banks and Fed Governor Bullard said the FOMC should consider delaying the end of the QE taper this month to help stem the slide in inflation expectations. Both announcements helped propel a move higher, aided by some better US data late in the week and a round of mostly solid earnings reports.For the week, the DJIA dropped 1%, the S&P500 fell 1% and the Nasdaq lost 0.4%. The Nasdaq briefly entered correction territory on Wednesday, joined by the Japanese Nikkei Index on Friday, while the S&P500 reached 9.5% off of September’s high before rebounding. The market stampede was even more jarring in the bond market, as the US 10-year dove 43 basis points between last Friday’s close and the height of the fear on Wednesday before closing back at the key 2.20% level on Friday.

    The data out on Wednesday suggested the global slowdown may be finally catching up with the US economy. September US retail sales were negative (-0.3% v -0.1%e; Control Group: -0.2% v +0.4%e), with the key control group, which is used to help calculate GDP, way off expectations. That was the first negative reading for the series since January, when severe winter storms depressed the series temporarily. September PPI producer prices were softer than expected, teeing up a soft CPI reading. The New York Fed’s Empire manufacturing index was well under expectations, with the new orders component turning negative.

    In Europe, markets tested Mario Draghi’s “whatever it takes” position after developments in Greece provided an opportunity for attack. Peripheral bonds sold off hard late on Tuesday and into Wednesday after a poll in Greece showed the anti-bailout, anti-euro party Syriza with a 6.5% lead over the governing New Democracy party, well ahead of the 1.4% lead seen in the last round of polls. There is a presidential election in Greece in February, which could be followed by early parliamentary elections. Greece’s bailout is officially over in little more than a year, but PM Samaras would like to end it early in order to get ahead of his Syriza opponents, who talk often about getting Greece out of the eurozone. The rush to end 1% bailout government financing and jump into public markets, at a rate more around 7% (or the prospect of Grexit) drove the stampede out of Greek debt and a big drop in the stock market, both of which shocked wider European equities and sent peripheral debt spiking higher.

    The Irish government confirmed that it will eliminate its notorious “double Irish” tax structure, just a few weeks after the US Treasury said it would put up roadblocks to tax inversion deals. The first victim of the changes was the $54 billion AbbVie/Shire merger (Shire is headquartered in Ireland). The implosion of the deal was cited as one of the factors deepening the sell-off on Wednesday. Many hedge funds had long Shire/short AbbVie arb trades riding on the merger and Shire shares lost over 20% as the deal unravelled, pummeling the funds and forcing liquidation. Recall that back in July, AbbVie’s CEO said the tax benefits were an advantage in the Shire acquisition but were not the central rationale behind the deal. AbbVie will have to pay Shire $1.6 billion to break their engagement.

    European governments are wrangling with 2015 budget planning and the process is exposing many of the very stresses that have prevented the Eurozone from escaping the long reach of its crisis. Budgets proposed by France and Italy both abandon pledges to bring deficit-to-GDP ratios into compliance with the 3% treaty limit. Last Friday S&P cut France’s sovereign outlook, and on Wednesday Fitch put France’s AA+ sovereign rating on negative watch. German Chancellor Merkel said there could be no exceptions to the EU deficit rules even as French President Hollande demanded flexibility, setting up another axis of tension in the EU.

    The German government cut its GDP growth forecasts for 2014 (from 1.8% to 1.2%) and 2015 (from 2.0% to 1.3%), bowing to the reality of the European economic slowdown. Berlin insisted it would not change course on policy or austerity despite the worsening outlook. Merkel said that the government would still pursue its balanced budget goals.

    The two cases of person-to-person Ebola transmission in the US appeared in Dallas, Texas. Two nurses who helped care for Thomas Duncan, the Liberian man who died last week, tested positive for the disease. There was widespread consternation on reports that the second nurse was cleared to travel to Ohio and back by air while also beginning to feel certain symptoms, including fever, associated with the disease. There was a cascade of Ebola scares in Ohio, San Diego, aboard a Caribbean cruise ship and other locations from people who had unknowingly travelled with the second nurse, although as of now there are still only two Ebola cases in the US, the nurses.

    The growing rift in OPEC pummeled oil prices this week, and front-month WTI crude sank below $80 for the first time since June 2012. Persian Gulf states were said to be targeting crude prices around $70 with the aim of making US shale production uneconomical, and were said to be opposing any OPEC production cuts at the November meeting due to fears they could permanently lose market share. Non-Persian Gulf OPEC nations plus Iran pushed for the organization to adopt a production ceiling of 30M bpd. Venezuela called for an emergency OPEC meeting, but its demand largely fell on deaf ears. The IEA Monthly Report trimmed global oil demand growth forecasts for 2014 to their lowest level in five years and also trimmed its 2015 demand forecast. The IEA said any more crude oil price declines would require lower demand or supply cuts.

    Wall Street banks had largely good news in their quarterly reports. Goldman Sachs reported excellent third-quarter results and raised its dividend nearly 10%. Revenue was up 25% y/y and net income rose a whopping 60% y/y. Morgan Stanley had similarly strong results. JPMorgan’s profits were slightly lower than expected, but compared favorably with the loss seen a year ago. Bank of America either reported income of $168 million or a small loss in its third quarter, depending on how the bank’s massive $5.8B DoJ fine for mortgage issues is counted. Shares of Citibank soared after the bank said it would exit stagnant business in 11 countries and modestly topped expectations in its third quarter.

    Shares of railroad CSX gained after reports asserted that the company had rebuffed a merger proposal from Canadian Pacific last week. If a deal were reached, the companies would have a combined market value of $62 billion. Big regulatory obstacles stand in the way of a merger – the US Surface Transportation Board has a history of intervening in mergers over fears that the industry would end up with just two North American transcontinental railroad systems.

    Overall volatility also whipped around currency trading this week, although there appears to be a slight strengthening trend in the euro as the single currency rises off the record lows seen in the first week of October. EUR/USD came into the week around 1.2610 and after the excitement on Wednesday appeared to be consolidating around the 1.2800 level. Meanwhile, the yen also strengthened, with USD/JPY declining from highs of 107.70 to lows around 105.5 on Thursday, before closing out the week around 106.65.

    The Shanghai Composite fell 1.4%, the biggest weekly decline in four months, as the mainland index turned increasingly less immune to the global market rout amid a set of mixed economic figures. September Trade Balance hit a 5-month low of $31B, even though the y/y increase in imports and exports marked 7- and 19-month highs respectively. New Yuan Loans were also more encouraging at CNY857B – a 3-month high and well above the CNY746B consensus. Inflation indicators were still decidedly subdued however, as 1.6% CPI marked a near 5-year low while PPI of -1.8% was down on the year for the 31st consecutive month. Monetary authorities are taking notice with further incremental liquidity injection measures. On Tuesday, the PBoC lowered the offering yield on its 14-day repo by another 10bps to 3.4%. On Friday, the PBoC also announced an additional CNY200B injection directly into the banking system targeting 20 joint-stock Chinese banks. The balance of key China economic data for September along with Q3 GDP will be released early next week, followed by the October HSBC flash manufacturing PMI on tap for Thursday.

    Source: http://www.tradethenews.com/?storyId=1621231

     

     

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

     

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

     


    Futures Trading Levels

    Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 1934.92 3964.00 16698 1119.40 85.82
    Resistance 2 1917.08 3915.50 16559 1105.50 85.65
    Resistance 1 1907.92 3890.25 16442 1098.40 85.34
    Pivot 1890.08 3841.75 16303 1084.50 85.17
    Support 1 1880.92 3816.50 16186 1077.40 84.86
    Support 2 1863.08 3768.00 16047 1063.50 84.69
    Support 3 1853.92 3742.75 15930 1056.40 84.38
    Contract December Gold Dec.Silver Dec. Crude Oil Dec. Bonds Dec. Euro
    Resistance 3 1266.7 17.82 84.87 144 9/32 1.2929
    Resistance 2 1258.0 17.67 83.80 143 28/32 1.2875
    Resistance 1 1252.3 17.55 82.92 143 16/32 1.2843
    Pivot 1243.6 17.40 81.85 143 3/32 1.2789
    Support 1 1237.9 17.28 80.97 142 23/32 1.2757
    Support 2 1229.2 17.13 79.90 142 10/32 1.2703
    Support 3 1223.5 17.01 79.02 141 30/32 1.2671
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 356.3 513.5 955.33 336.70 31.95
    Resistance 2 352.4 513.5 950.42 333.60 31.88
    Resistance 1 350.3 513.5 947.33 331.50 31.79
    Pivot 346.4 513.5 942.42 328.40 31.72
    Support 1 344.3 513.5 939.3 326.3 31.6
    Support 2 340.4 513.5 934.42 323.20 31.56
    Support 3 338.3 513.5 931.33 321.10 31.47
    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 3:39pm Currency Impact Detail Actual Forecast Previous Graph
    TueOct 21 10:00am USD Existing Home Sales 5.11M 5.05M


    This is not a solicitation of any order to buy or sell, but a current market view provided by
    Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

  • Movement in the Indices w/ Heikin-Ashi Charts 10.09.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

     Today’s action in stock indices was quite impressive! The volatility we are now seeing is so different than what we witnessed 2 months ago it’s almost like we are trading a completely different market!

    We had almost a 50 point range on the SP today!! Much different than the 8-12 points range we saw couple months back….This calls for you as a trader to adjust, researched and be aware of the market conditions you are trading in.

    The market is moving much faster. I was watching the DOM today off and on and the speed of the moves was extreme.

    When volatility expands I have the following tips:

    • 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 1925.00 with a stop at 1919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1919.75 and place a stop a few points below in this hypothetical example.
    • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
    • Be patient and be disciplined

    As far as market outlook, we are still in a wide band as you can see below in both the daily and hourly charts:

     

     

    Daily chart:

     

    Hourly Chart:

     

    For a free trial of the indicators shown in the charts above, visit:

    http://levex.net/trading-algo/

     

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

     

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

     

    Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2024.50 4185.75 17385 1135.77 86.57
    Resistance 2 1994.25 4113.75 17157 1114.23 86.30
    Resistance 1 1978.50 4074.75 17039 1103.47 85.83
    Pivot 1948.25 4002.75 16811 1081.93 85.56
    Support 1 1932.50 3963.75 16693 1071.17 85.09
    Support 2 1902.25 3891.75 16465 1049.63 84.82
    Support 3 1886.50 3852.75 16347 1038.87 84.35
    Contract December Gold Dec.Silver Nov. Crude Oil Dec. Bonds Dec. Euro
    Resistance 3 1248.9 17.99 90.44 142 2/32 1.2916
    Resistance 2 1236.7 17.73 89.54 141 16/32 1.2836
    Resistance 1 1229.5 17.58 88.64 141 6/32 1.2789
    Pivot 1217.3 17.32 87.74 140 20/32 1.2709
    Support 1 1210.1 17.17 86.84 140 10/32 1.2662
    Support 2 1197.9 16.91 85.94 139 24/32 1.2582
    Support 3 1190.7 16.76 85.04 139 14/32 1.2535
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 349.7 508.2 947.67 321.73 33.28
    Resistance 2 346.6 508.1 942.33 318.27 33.16
    Resistance 1 344.9 507.9 938.67 314.03 33.09
    Pivot 341.8 507.8 933.33 310.57 32.97
    Support 1 340.2 507.7 929.7 306.3 32.9
    Support 2 337.1 507.6 924.33 302.87 32.78
    Support 3 335.4 507.4 920.67 298.63 32.71

     

    Futures Trading Levels

    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 3:56pm Currency Impact Detail Actual Forecast Previous Graph
    ThuOct 9  2:00am EUR German Trade Balance 18.4B 22.2B
    2:45am EUR French Trade Balance -5.7B -5.5B
    4:00am EUR ECB Monthly Bulletin
    8:30am USD Unemployment Claims 291K 287K
    10:00am USD Wholesale Inventories m/m 0.3% 0.1%
    10:30am USD Natural Gas Storage 108B 112B
    11:00am EUR ECB President Draghi Speaks
    Day 1 ALL G20 Meetings
    1:01pm USD 30-y Bond Auction 3.24|2.7
    1:10pm USD FOMC Member Tarullo Speaks
    1:30pm USD FOMC Member Fischer Speaks

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

     

  • Crude Oil & Gold Futures Renko Charts; Economic Reports & Levels 10.08.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

     

    Another two markets I like to touch on when it comes to “other markets to daytrade beside the mini SP 500” are Crude Oil Futures and Gold futures.

     

    More than a few similarities between the two markets.

     

    They are both volatile, can move VERY fast. I have seen some very large moves happen in matter of minutes if not seconds. The “fear & greed” factor really plays a role in these specific two markets.

    Both have active trading hours starting with Far East trading around 10 PM est all the way to the next morning until about 3 PM est. Good volume generally speaking but not close to the mini SP or ten year notes. So you may see some slippage on stops but the volume is more than enough to trade size.

    Each tick on gold is $10, so every dollar move =$100 against you or in your favor. Crude is similar, each tick = $10. One full $1 move = $1000.

    Both markets “traded what I consider average behavior” , the range on gold was $11 or = $1100 wide using one futures contract. Crude ranges today was less than $1.95 or about $1950 between hi/lo.

     

    I like using overbought/ oversold indicators on the two markets as well as using range / Renko charts.

     

    If you never traded these markets before, I highly recommend exploring in simulation/ demo mode. get a feel for the explosiveness, volatility, personality for a few weeks before trying in live mode.

     

    As always, any questions, please feel free to email me.

    Two charts from today’s session of gold and crude for your review below:

     

     

     

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

     

     

    Futures Trading Levels

    Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 1977.25 4052.25 17094 1103.50 86.70
    Resistance 2 1966.75 4031.25 16999 1096.90 86.46
    Resistance 1 1946.75 3992.25 16818 1084.50 86.12
    Pivot 1936.25 3971.25 16723 1077.90 85.88
    Support 1 1916.25 3932.25 16542 1065.50 85.54
    Support 2 1905.75 3911.25 16447 1058.90 85.30
    Support 3 1885.75 3872.25 16266 1046.50 84.96
    Contract December Gold Dec.Silver Nov. Crude Oil Dec. Bonds Dec. Euro
    Resistance 3 1226.7 18.06 92.00 142 11/32 1.2805
    Resistance 2 1220.4 17.84 91.29 141 17/32 1.2747
    Resistance 1 1215.6 17.52 90.05 141 3/32 1.2707
    Pivot 1209.3 17.30 89.34 140 9/32 1.2649
    Support 1 1204.5 16.98 88.10 139 27/32 1.2609
    Support 2 1198.2 16.76 87.39 139 1/32 1.2551
    Support 3 1193.4 16.44 86.15 138 19/32 1.2511
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 352.3 506.7 973.00 327.87 33.86
    Resistance 2 346.7 506.6 963.75 322.33 33.69
    Resistance 1 343.6 506.4 952.25 317.77 33.40
    Pivot 337.9 506.3 943.00 312.23 33.23
    Support 1 334.8 506.2 931.5 307.7 32.9
    Support 2 329.2 506.1 922.25 302.13 32.77
    Support 3 326.1 505.9 910.75 297.57 32.48
    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
    WedOct 8  10:30am USD Crude Oil Inventories 2.1M -1.4M
    1:01pm USD 10-y Bond Auction 2.54|2.7
    2:00pm USD FOMC Meeting Minutes

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

     

  • Market News, Futures Level & Economic Reports 10.07.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

     

    True to my Monday tradition, I am sharing some of the news/ factors affecting the markets this week:TradeTheNews.com Weekly Market Update: Markets Shake Off Ebola, Hong Kong Flu, and ECB’s Dubious Prescription

    The contrast between US economic strength and Europe’s deflationary headache got even stronger this week. On Thursday, ECB President Draghi outlined his asset purchase plan but left investors with the impression that the program would be too little to beat deflation. Draghi said the ECB’s balance sheet would grow back toward €3 trillion compared to near €2 trillion today, suggesting that the potential universe of covered bond and ABS purchases is up to €1 trillion. Meanwhile, the September non-farm payrolls was +248K complemented by a combined 69K in upward revisions to July and August data. The unemployment rate declined from 6.1% in August to 5.9%, the lowest level since July 2008. The only sour notes were that wage growth was still pretty weak and labor force participation slipped lower. In China, the Occupy Central protest movement took over downtown Hong Kong, driving big sequential declines on the Hang Seng early in the week. The bourse closed for two days of holidays, fell 2% in early trading on Friday and then closed higher. There are real fears that Beijing will not tolerate much more unrest in the city. For the week, the DJIA slipped 0.6%, the S&P500 lost 0.8% and the Nasdaq fell 0.8%.

    On Thursday, European stocks suffered their steepest one-day decline in more than a year after the ECB delivered mixed messages on its plans for asset purchases. The central bank indicated that the ABS and covered bond purchase program could rise to as much as one trillion euros over two years, but failed to detail how much it might start with. President Draghi said that the bank would make provisions in the ABS program to include some bonds from Cyprus and Greece that are below investment grade and monitor the impact of the ABS and TLTRO programs on inflation expectations in the “coming months, not coming years”. The statements suggest that possibility of sovereign bonds purchases – the ECB’s big, controversial policy bazooka – are off the table for quite some time. After the policy decision, reports indicated significant opposition to the ABS program (much less full blown QE). Hans Werner Sinn, head of Germany’s hawkish IFO Institute, said asset purchase program was outside the ECB’s mandate and called on the German government to counter the move. Reports suggest at least three ECB governors oppose parts or all of the ABS program: Germany’s Schaeuble is long on the record opposing any form of ECB asset purchases, Austria’s Nowotny is said to also oppose the program, while France’s Noyer opposes the use of external brokers to buy securities. In the wake of the ECB statement, the stocks in Italy plummeted 3.9%, Spain declined 3.1%, France dropped 2.8%, Germany fell 2.0%, and the Euro Stoxx dropped 2.4%.

    In an echo of protest movement seen over recent years in Egypt, Ukraine, Iran and elsewhere, students and citizens in Hong Kong occupied public space last weekend and began agitating for free elections after Beijing demanded that it be able to vet candidates for local office. The protests drew a heavy-handed initial response from the police, who pepper sprayed crowds on Sunday. Students refused to leave parts of downtown and demanded that Hong Kong Chief Leung Chun-ying resign by Thursday. Leung refused, although he permitted negotiations between the students and the police. Beijing has been largely silent on the protests, however there were vague reports of troop movements near the city and a thinly sourced report that it had given Hong Kong leaders notice to resolve the problem quickly or have the Chinese military do it for them. There was another round of violence between the students and locals opposed to the protests (or paid thugs, alternatively) on Friday, but as of writing neither side seemed to have the upper hand.

    Front-month WTI crude has moved lower all summer, declining from the ISIS/Ukraine highs above $104/barrel in June to just shy of 2014 lows around $88 on Thursday. The rise of the dollar is the prime candidate behind crude weakness, however other news out this week also contributed to the move below $90. There were reports Saudi Aramco lowered crude prices for November delivery by $1/barrel, and also cut prices for certain natural gas deliveries. This followed reports earlier in September that Saudi Arabia trimmed production levels in the past month. There has been talk among analysts that OPEC members are gearing up for a price war. OPEC has declined to call an extraordinary meeting to discuss the situation, and its next meeting is scheduled for November 27th. Brent crude slid to $92/barrel, more than 20% below its June peak.

    Ebola arrived in the United States this week. The CDC confirmed the first case of Ebola was diagnosed Texas, where a traveler from Liberia has been hospitalized after spending time in his home country aiding Ebola victims. On Friday, Texas health officials said they were monitoring 50 people that the man had come in contact with and that 10 of them might be at high risk for contracting Ebola. Airline, cruise ship and hotel shares have been under pressure this week on the news.

    Chrysler and GM reported September vehicle sales up 18.8% y/y and 19.4% y/y, respectively. Meanwhile Ford said its sales fell 2.7% y/y due to lower fleet sales and a planned pull-back on sales of its 2014 F-150 pickup as it prepares to introduce the 2015 all-aluminum F-150. The industry’s SAAR annualized sales rate cooled off to 16.43 million from the torrid 17.53 million pace in August.

    Salix Pharmaceuticals called off a merger deal with Italy’s Cosmo Pharmaceuticals that was structured as a tax inversion. This comes just a week after the US Treasury took a series of steps to curb such deals and prevent companies from avoiding taxes. Since the Treasury announcement, the company faced pressure from top shareholders to cancel the deal and sell itself, possibly to Allergan or Actavis. Tibco Software agreed to sell itself to Vista Equity Partners for $4.3 billion, or $24/share. The sale comes after a difficult year for Tibco, which has faced declining profits and pressure from an activist investor to sell.

    The rise of the dollar continued unabated this week, to the detriment of nearly every other global currency. Between disappointment with Draghi’s ABS plan and the very strong September US jobs report, nothing appears able to stop the greenback, and many analysts have started discussing a secular reversal in the 30-year downtrend in the dollar. EUR/USD tried to retake its 200-day moving average on Monday around 1.2710, and then broke to 1.2570 after the advance September Eurozone CPI reading slid to 0.3% v 0.3%e and the core reading came in lower than expected, 0.7% v 0.9%e. USD/JPY rose to 110.10 as of Tuesday, prompting a pullback to 108 later in the week. The pair retested 109.90 on Friday in the wake of the September US jobs report.

    China mainland markets were on holiday for much of the week, however the Stats Bureau still put out the official PMI figures for September. The manufacturing sector reading remained just above the threshold of expansion at 51.1, a decimal better than consensus and unchanged from the prior month. New orders and Employment components marked notable declines, prompting government economists to assess the overall business sentiment as weak. Non-manufacturing PMI was also somewhat of a disappointment, falling to an 8-month low of 54.0 from 54.4 on marked deceleration in Services, Input Prices, and Inventories components. The Shanghai Composite returns for trading on Wednesday as Beijing prepares for the start of the party Plenum on October 20th that will hopefully yield a verdict on the future of PBoC Gov Zhou.

    Source: http://www.tradethenews.com/?storyId=1613302

     

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

     

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

     

     

    Futures Trading Levels

    Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 1988.50 4077.50 17177 1119.50 87.66
    Resistance 2 1979.75 4059.00 17098 1113.00 87.25
    Resistance 1 1968.00 4033.25 17001 1101.10 86.55
    Pivot 1959.25 4014.75 16922 1094.60 86.14
    Support 1 1947.50 3989.00 16825 1082.70 85.44
    Support 2 1938.75 3970.50 16746 1076.20 85.03
    Support 3 1927.00 3944.75 16649 1064.30 84.33
    Contract December Gold Dec.Silver Nov. Crude Oil Dec. Bonds Dec. Euro
    Resistance 3 1243.6 18.27 93.21 140 18/32 1.2893
    Resistance 2 1226.8 17.81 91.98 140 6/32 1.2787
    Resistance 1 1217.0 17.57 91.23 139 26/32 1.2725
    Pivot 1200.2 17.11 90.00 139 14/32 1.2619
    Support 1 1190.4 16.87 89.25 139 2/32 1.2557
    Support 2 1173.6 16.41 88.02 138 22/32 1.2451
    Support 3 1163.8 16.17 87.27 138 10/32 1.2389
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 339.6 491.8 963.00 323.07 33.99
    Resistance 2 336.2 491.7 952.75 316.23 33.77
    Resistance 1 334.3 491.6 947.50 312.57 33.61
    Pivot 330.9 491.4 937.25 305.73 33.39
    Support 1 329.1 491.3 932.0 302.1 33.2
    Support 2 325.7 491.2 921.75 295.23 33.01
    Support 3 323.8 491.1 916.50 291.57 32.85
    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 4:30pm Currency Impact Detail Actual Forecast Previous Graph
    TueOct 7  2:00am EUR German Industrial Production m/m -1.4% 1.9%
    2:45am EUR French Gov Budget Balance -84.1B
    10:00am USD JOLTS Job Openings 4.71M 4.67M
    USD IBD/TIPP Economic Optimism 46.3 45.2
    1:20pm USD FOMC Member Kocherlakota Speaks
    3:00pm USD FOMC Member Dudley Speaks
    USD Consumer Credit m/m 20.3B 26.0B

     


    This is not a solicitation of any order to buy or sell, but a current market view provided by
    Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

     

  • Non Farm Payroll Data, Economic Reports & Levels 10.03.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

    Hello Traders,

     

    We started a trial for a new squawk box service here at Cannon and I must say I was impressed enough to share with you an example of the wrap up email I received as well as a link to their services:

    http://www.livesquawk.com/#!sign_up 

    PS: Non Farm Payroll data tomorrow morning before the cash open.

     

    HEADLINES
    • ECB Keeps Rates on Hold
    • Draghi’s Lack of Stimulus Target Disappoints Investors
    • Fed’s Dudley backs search for Libor alternatives
    • Germany’s Schaeuble wants EU to make treaty change proposals
    • France’s Moscovici pledges budget flexibility, but no privileges for France
    • Italy’s Renzi defends French anti-austerity stance, ticks off Berlin
    • German IFO’s Sinn rails against ECB ABS
    • France’s Hollande says euro is now at a more ‘realistic’ level
    • IMF’s Lagarde says global recovery ‘not good enough’
    • BoE’s Broadbent: UK Economy Not Ready For Rate Rise Yet
    • UK’s FPC Requests Additional Powers
    • BOJ Considering Signaling Flexible Time Frame for 2% Target
    • Turkey MPs pass vote on Iraq/Syria deployment
    • Ukraine rebels renew Donetsk airport offensive
    • US Factory Orders (MoM) Aug: -10.10% (est. -9.50%, prev. 10.50%)
    • US Initial Jobless Claims (WoW) Sep27: 287k (est 297k, prev. 293k)
    • Eurozone PPI (YoY) Aug: -1.4% (est. -1.2%, prev. -1.1%)
    COMMENTARY
    As PIMCO bleeds assets, Gross shows risk of star culture
    Bill Gross’ exit from Pimco has seen billions of dollars leave the fund group and even more value wiped off the share price of its parent company, offering a warning both to firms who rely on star managers and the investors who chase them.Gross’s flagship Pimco Total Return Fund lost money every month from May last year, totaling nearly $70 billion by the end of August, Lipper data shows. More money has left since he was escorted to the door of the firm he co-founded in 1971.With much of a mutual or hedge fund firm’s value tied up in the brain power of its employees, as opposed to bricks, mortar and other hard assets, the loss of an important employee – known in the trade as “key man risk” – exposes the firm to asset flight which can even force it to sell holdings at a loss. (RTRS)
    Nouriel Roubini-a.k.a. Dr. Doom-warns of rising risks around the world
    While geopolitical risks have multiplied, global markets have “remained buoyant, if not downright bubbly,” said economist Nouriel Roubini in a column published Tuesday.There appear to be good reasons why markets so far have reacted benignly, but that could change, he adds.Roubini – who’s often called “Dr. Doom,” yet has said he prefers “Dr. Realist” – points to three potential shifts that could shake investors out of their complacency.

    1. Terror attack in U.S. or Europe: Mideast turmoil hasn’t rattled investors that much, but it could “if one or more terrorist attack were to occur in Europe or the US – a plausible development, given that several hundred Islamic State jihadists are reported to have European or US passports,” Roubini writes.

    2. Russia-Ukraine or Syria conflicts could spread: Markets “could be incorrect in their assessment that conflicts like that between Russia and Ukraine, or Syria’s civil war, will not escalate or spread,” Roubini said. “Russian President Vladimir Putin’s foreign policy may become more aggressive in response to challenges to his power at home, while Jordan, Lebanon, and Turkey are all being destabilized by Syria’s ongoing meltdown.”

    3. Hong Kong protests and more: He says geopolitical tensions “are more likely to trigger global contagion when a systemic factor shaping the global economy comes into play.” Hong Kong, the U.S. or Europe could provide that factor. (Market Watch)

    Early BOE Tightening? Don’t Look for Signs in Gilts
    If Bank of England policy makers are contemplating an early interest-rate increase, there are few signs of concern in the U.K. government bond market.For all the data showing the U.K. economy strengthening and stagnation in the euro area, gilts returned 3.9 percent in the three months through September, their best quarterly performance since 2011. They beat German bonds, which gained 2.3 percent, for the first time in a year and outpaced government securities from Spain, Italy and the U.S.The debate over when the BOE will raise borrowing costs largely comes down to wages, as a minority on the Monetary Policy Committee begin to challenge Governor Mark Carney’s argument that a lack of pay growth shows there is enough spare capacity to leave the benchmark rate at a record low. Economists predict a quarter-point increase to 0.75 percent in the first quarter, with the possibility of a move as early as next month. Investors are betting no action will be taken until July, Sonia forward contracts show.  (BBG)
    Ifo’s Sinn Urges German Government to Oppose ECB Buying
    Hans-Werner Sinn, president of Germany’s Ifo economic institute, urged Angela Merkel’s government to take action against an asset-purchase program announced by the European Central Bank.”These purchases are not covered by the mandate of the ECB because they are a fiscal and not a monetary-policy measure,” Sinn said in an e-mailed statement. The German government “is obliged to take active steps against it, and if it doesn’t, every citizen is able to sue at the Federal Constitutional Court for it to do so,” he said.The ECB already faces a lawsuit in Germany over its Outright Monetary Transactions initiative, a sovereign-bond purchase plan unveiled at the height of the debt crisis in 2012 that has never been used. Further legal action against the institution risks hurting an already fragile 18-nation economy and erode investor confidence in the ECB’s ability to avert deflation.

    ECB President Mario Draghi unveiled details of a program to buy asset-backed securities and covered bonds today that, together with a targeted loan program for banks, will see the institution spend as much as 1 trillion euros ($1.3 trillion). While assets need to be rated at least BBB- to be eligible, special conditions for Greece and Cyprus allow the ECB to also buy debt below investment grade.  (BBG)

    FILES & LINKS
    LIVE SQUAWK PREVIEWS
    DATA
    GOVERNMENT/ CENTRAL BANK NEWS & COMMENTARY
    GOVERNMENT/ CORPORATE BOND NEWS AND COMMENTARY
    EQUITIES NEWS & COMMENTARY
    CURRENCIES, COMMODITIES, METALS NEWS & COMMENTARY
    EMERGING MARKETS NEWS & COMMENTARY

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 1977.58 4074.17 16987 1124.53 86.47
    Resistance 2 1961.67 4034.58 16881 1110.17 86.25
    Resistance 1 1950.08 4006.92 16801 1100.73 86.00
    Pivot 1934.17 3967.33 16695 1086.37 85.77
    Support 1 1922.58 3939.67 16615 1076.93 85.52
    Support 2 1906.67 3900.08 16509 1062.57 85.30
    Support 3 1895.08 3872.42 16429 1053.13 85.05
    Contract December Gold Dec.Silver Nov. Crude Oil Dec. Bonds Dec. Euro
    Resistance 3 1237.5 17.74 95.72 140 25/32 1.2796
    Resistance 2 1230.7 17.55 93.58 140 13/32 1.2750
    Resistance 1 1222.6 17.32 92.45 139 23/32 1.2711
    Pivot 1215.8 17.13 90.31 139 11/32 1.2665
    Support 1 1207.7 16.90 89.18 138 21/32 1.2626
    Support 2 1200.9 16.71 87.04 138 9/32 1.2580
    Support 3 1192.8 16.48 85.91 137 19/32 1.2541
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 327.3 484.8 937.33 307.80 32.99
    Resistance 2 325.3 484.4 931.17 304.90 32.89
    Resistance 1 324.0 483.6 927.83 303.10 32.85
    Pivot 322.0 483.2 921.67 300.20 32.75
    Support 1 320.8 482.3 918.3 298.4 32.7
    Support 2 318.8 481.9 912.17 295.50 32.61
    Support 3 317.5 481.1 908.83 293.70 32.57
    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

     

    Date 3:50pm Currency Impact Detail Actual Forecast Previous Graph
    FriOct 3 All Day EUR German Bank Holiday
     3:15am EUR Spanish Services PMI 56.9 58.1
    3:45am EUR Italian Services PMI 49.6 49.8
    4:00am EUR Final Services PMI 52.8 52.8
    5:00am EUR Retail Sales m/m 0.1% -0.4%
    8:30am USD Non-Farm Employment Change 216K 142K
    USD Trade Balance -41.0B -40.5B
    USD Unemployment Rate 6.1% 6.1%
    USD Average Hourly Earnings m/m 0.2% 0.2%
    9:45am USD Final Services PMI 58.5 58.5
    10:00am USD ISM Non-Manufacturing PMI 58.5 59.6

     



    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

  • Heiken-Ashi Mini S&P Chart; Economic Reports & Levels 9.30.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

    Volatile action in the markets as events around the globe are injecting some fear factor into the markets.
    It may take a while before the bears get over their fear factor of going short due to QE but at least at this point we are noticing the bulls finally having a little more fear as well……

    My thought for the SP500 is that we need to see a break below 1955, preferably below 1948.50 to accumulate more momentum and speed to the downside.
    At this point I am leaning towards selling rallies but one needs to be flexible and adapt to this market which is picking up volatility and seems to go through a changing personality right now.

    Daily Heikin-Ashi chart of Dec. Mini SP 500 futures for your review below:

    EP - E Mini S&P 500, Equalized Active Daily Continuation : Heikin-Ashi

    EP – E Mini S&P 500, Equalized Active Daily Continuation : Heikin-Ashi

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2000.17 4110.42 17250 1136.17 86.25
    Resistance 2 1988.58 4080.83 17145 1126.33 86.09
    Resistance 1 1978.67 4057.17 17059 1119.27 85.91
    Pivot 1967.08 4027.58 16954 1109.43 85.75
    Support 1 1957.17 4003.92 16868 1102.37 85.57
    Support 2 1945.58 3974.33 16763 1092.53 85.41
    Support 3 1935.67 3950.67 16677 1085.47 85.23
    Contract December Gold Dec.Silver Nov. Crude Oil Dec. Bonds Dec. Euro
    Resistance 3 1229.7 17.80 97.07 139 1/32 1.2774
    Resistance 2 1226.8 17.72 95.85 138 26/32 1.2748
    Resistance 1 1221.6 17.60 95.17 138 19/32 1.2722
    Pivot 1218.7 17.51 93.95 138 12/32 1.2696
    Support 1 1213.5 17.39 93.27 138 5/32 1.2670
    Support 2 1210.6 17.31 92.05 137 30/32 1.2644
    Support 3 1205.4 17.19 91.37 137 23/32 1.2618
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 329.2 484.2 945.83 310.93 33.98
    Resistance 2 327.6 483.1 935.17 307.77 33.46
    Resistance 1 326.7 482.2 929.33 305.83 33.21
    Pivot 325.1 481.1 918.67 302.67 32.69
    Support 1 324.2 480.2 912.8 300.7 32.4
    Support 2 322.6 479.1 902.17 297.57 31.92
    Support 3 321.7 478.2 896.33 295.63 31.67
    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 4:18pm Currency Impact Detail Actual Forecast Previous Graph
    TueSep 30  2:00am EUR German Retail Sales m/m 0.6% -1.4%
    2:45am EUR French Consumer Spending m/m -0.2%
    Jul Data EUR French Consumer Spending m/m -0.3% 0.9%
    3:55am EUR German Unemployment Change -2K 2K
    4:00am EUR Italian Monthly Unemployment Rate 12.6% 12.6%
    5:00am EUR CPI Flash Estimate y/y 0.3% 0.4%
    EUR Core CPI Flash Estimate y/y 0.9% 0.9%
    EUR Unemployment Rate 11.5% 11.5%
    EUR Italian Prelim CPI m/m -0.3% 0.2%
    9:00am USD S&P/CS Composite-20 HPI y/y 7.5% 8.1%
    9:45am USD Chicago PMI 61.6 64.3
    10:00am USD CB Consumer Confidence 92.2 92.4


    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

     

  • Futures Trading Levels & Economic Reports 9.24.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

    After a frustrating trading day, I read this one again and thought it is worth sharing:

    Educational Feature: Dealing With Losing Trades

    By www.JimWyckoff.com

    A main tenet of success in futures trading is the ability to accept losing trades as part of the overall trading process. This is not an easy undertaking–especially since many futures traders tend to be of a more competitive nature in the first place. Traders certainly don’t have to enjoy losing trades, but they must accept the fact and move on. Those who can’t accept the fact that losing trades are a part of futures trading usually don’t stay in the business very long.

    My wife is a school teacher, and one of her favorite acronyms–ADM–can be applied to losing futures trades. “Accept” it. “Deal” with it. “Move” on. (This is a part of the important psychological aspect of trading, and deserves much more discussion than I can provide in this feature.)

    I had lunch with one of my trading mentors a while back. We discussed losing trades. I asked my mentor how many losing trades in a row he has had to endure during his long and successful trading career. His reply was 13 in a row. I asked him how he coped with that. He said that while it was certainly not easy, he knew that losing trades are a part of the business and that he was in the business “for the long haul,” and that his trading methodology was sound. He added, “Ninety-percent of futures trading profits are made on 10% of the trades, which means most of the other trades are either small losers or break-even-type trades.” This is an important fact for all traders to keep in mind.

    My lunch meeting with my mentor was good for me because, even though we made no “break-through” discoveries on the path to increased futures trading success, we did reaffirm our own philosophies on trading and markets. My passion for trading and market analysis is fed immensely every time I talk with people in my profession, or attend the quality trading seminars.

    For many of you, the futures trading arena can be more fulfilling (and more fun) if you have someone, or some support group, with which to share your thoughts and strategies. If you are passionate about futures trading and markets, finding someone who shares that passion is a great trading tool within itself!

    That’s it for now. Next time, we’ll discuss another important issue on your path to trading success.

    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.

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 1998.33 4083.00 17212 1136.40 85.37
    Resistance 2 1993.17 4072.00 17161 1131.30 85.12
    Resistance 1 1982.83 4054.75 17062 1121.40 84.95
    Pivot 1977.67 4043.75 17011 1116.30 84.71
    Support 1 1967.33 4026.50 16912 1106.40 84.54
    Support 2 1962.17 4015.50 16861 1101.30 84.29
    Support 3 1951.83 3998.25 16762 1091.40 84.12
    Contract December Gold Dec.Silver Nov. Crude Oil Dec. Bonds Dec. Euro
    Resistance 3 1257.8 18.37 93.67 138 9/32 1.2957
    Resistance 2 1247.4 18.18 92.88 137 28/32 1.2932
    Resistance 1 1235.5 17.99 92.16 137 22/32 1.2899
    Pivot 1225.1 17.80 91.37 137 9/32 1.2874
    Support 1 1213.2 17.61 90.65 137 3/32 1.2841
    Support 2 1202.8 17.42 89.86 136 22/32 1.2816
    Support 3 1190.9 17.23 89.14 136 16/32 1.2783
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 330.7 476.7 944.67 315.77 32.88
    Resistance 2 329.3 476.3 942.08 313.83 32.74
    Resistance 1 327.4 476.2 939.17 311.37 32.53
    Pivot 326.1 475.8 936.58 309.43 32.39
    Support 1 324.2 475.7 933.7 307.0 32.2
    Support 2 322.8 475.3 931.08 305.03 32.04
    Support 3 320.9 475.2 928.17 302.57 31.83
    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 4:17pm Currency Impact Detail Actual Forecast Previous Graph
    WedSep 24  4:00am EUR German Ifo Business Climate 105.9 106.3
    9:00am EUR Belgian NBB Business Climate -7.1 -7.3
    10:00am USD New Home Sales 432K 412K
    10:30am USD Crude Oil Inventories 0.7M 3.7M
    12:05pm USD FOMC Member Mester Speaks


    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

     

  • British Pound Waiting for The Scottish Vote, Economic Reports & Levels 9.19.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

    British Pound waiting for the Scottish Vote for clues on next move

    On Thursday, after a 307-year-old union with England and Wales, Scottish voters age sixteen and over will decide in a referendum that will ask the question: Should Scotland be an independent country?

    Most opinion polls show more Scots want to remain in the U.K. than leave it, but enough voters are undecided to swing it either way.

    The “Better Together” campaign says Scotland should remain part of a larger country that has a greater say in the world and can better withstand financial shocks. Voting “no” to secession would also ensure it keeps the British pound after the U.K. government ruled out sharing the currency with an independent Scotland.

    From the technical perspective I did get a possible buy signal ( see the blue diamond in the chart below). My diamond indicators are an output of an extreme overbought/ oversold along with price action that suggests a good counter trend move. In this case we saw an extreme sell off starting July 15th , falling over 11 points, I think if the market can take the 162.65 level , the door is open for a move up to 164.81 and 166.14!

     

    BP6 - British Pound (Globex), Equalized Active Daily Continuation : Heikin Ashi

    BP6 – British Pound (Globex), Equalized Active Daily Continuation : Heikin Ashi

     

    One thing for sure, volatility may be QUITE HIGH and it’s really hard to tell the immediate affect. Make sure you have a solid money management/ risk plan in tact!!

    Read the rest of the analysis at:

    http://experts.forexmagnates.com/british-pound-waiting-scottish-vote-clues-next-move/

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 4:18pm Currency Impact Detail Actual Forecast Previous Graph
    FriSep 19  2:00am EUR German PPI m/m -0.1% -0.1%
    4:00am EUR Current Account 14.3B 13.1B
    10:00am USD CB Leading Index m/m 0.4% 0.9%
    Day 1 ALL G20 Meetings

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

     

  • FOMC Provided Volatility, Economic Reports & Levels 9.18.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

    FOMC day provided the volatility expected. I speculate that we will see more volatility tomorrow as well.

    In addition we got the vote in Scotland that can affect the British Pound as well as some other currencies. My outlook for the pound is available here.

    On a different note, I am sharing with you a screen shot of my mini Russell chart. 18 ticks range bar chart along with my DIAMOND ALGO, which works better when there is two sided action like we seen the last couple of days versus when we have a strong trending day.
    The DIAMOND ALGO tries to predict turning points in the market.

    TFEZ4 - Russell 2000 Index Mini, Dex. 14 : Range Bar, 18 Tick Units

    TFEZ4 – Russell 2000 Index Mini, Dex. 14 : Range Bar, 18 Tick Units

    Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above and be able to apply for any market and any time frame on your own PC ?  You can now have a three weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts OR CQG Q Trader.

    To start your trial, please visit: http://levex.net/trading-algo/

    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 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 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

    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.

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract Dec. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2024.25 4132.83 17271 1169.20 85.83
    Resistance 2 2013.75 4108.42 17202 1162.10 85.35
    Resistance 1 2004.25 4088.08 17142 1155.70 85.05
    Pivot 1993.75 4063.67 17073 1148.60 84.56
    Support 1 1984.25 4043.33 17013 1142.20 84.26
    Support 2 1973.75 4018.92 16944 1135.10 83.78
    Support 3 1964.25 3998.58 16884 1128.70 83.48
    Contract December Gold Dec.Silver Oct. Crude Oil Dec. Bonds Dec. Euro
    Resistance 3 1254.0 19.02 96.22 137 12/32 1.3096
    Resistance 2 1247.3 18.91 95.64 137 1/32 1.3044
    Resistance 1 1235.5 18.71 94.90 136 12/32 1.2964
    Pivot 1228.8 18.60 94.32 136 1/32 1.2912
    Support 1 1217.0 18.40 93.58 135 12/32 1.2832
    Support 2 1210.3 18.29 93.00 135 1/32 1.2780
    Support 3 1198.5 18.09 92.26 134 12/32 1.2700
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 343.8 500.5 992.67 349.07 34.13
    Resistance 2 342.9 500.3 988.83 343.93 33.86
    Resistance 1 342.3 499.8 985.67 334.07 33.70
    Pivot 341.4 499.5 981.83 328.93 33.43
    Support 1 340.8 499.0 978.7 319.1 33.3
    Support 2 339.9 498.8 974.83 313.93 33.00
    Support 3 339.3 498.3 971.67 304.07 32.84
    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 4:13pm Currency Impact Detail Actual Forecast Previous Graph
    ThuSep 18  5:15am EUR Targeted LTRO
    8:30am USD Building Permits 1.04M 1.06M
    USD Unemployment Claims 312K 315K
    USD Housing Starts 1.04M 1.09M
    8:45am USD Fed Chair Yellen Speaks
    10:00am USD Philly Fed Manufacturing Index 22.8 28.0
    10:30am USD Natural Gas Storage 91B 92B

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

     

  • Mini S&P Futures outlook, Economic Reports & Levels 9.10.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

    These last few days I actually “sensed” something in the market that I have not in a long time…The intraday short positions actually had a chance to win.

    What I mean is with QE and FED policy of the last few years, it turns out that anyone trying to fight the FED and go short was simply blind (myself included) so while I think in the long term this balloon can be very loud when it gets poked…..in the short term the plays have been to buy the dips.

    I am hoping that we are seeing real clues that this is changing and that “normal market factors” will dictate price action but I am sure the change will not be overnight as traders been conditioned since 2009 to be “scared” of the short side (with the simple pain of watching your short positions lose… )

     

    So once again I am sharing my indicators/ ALGO which gave the first sell signal on the SP500 in a few months ( see chart below). If there is enough follow through we should see 1965 BUT simply read above

     

    Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above

    and be able to apply for any market and any time frame on your own PC ?   You can now have a three weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.

     

     

     

    To start your trial, please visit:

     

     

    http://levex.net/trading-algo/

     

    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 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 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

     

    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.

     

     

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

     

     

    Futures Trading Levels

    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 4:10pm Currency Impact Detail Actual Forecast Previous Graph
    WedSep 10  1:30am EUR French Final Non-Farm Payrolls q/q 0.1% 0.1%
    2:45am EUR French Industrial Production m/m -0.4% 1.3%
    Tentative EUR German 10-y Bond Auction 1.08|1.6
    10:00am USD Wholesale Inventories m/m 0.5% 0.3%
    10:30am USD Crude Oil Inventories -1.0M -0.9M
    1:01pm USD 10-y Bond Auction 2.44|2.8

     

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

  • Futures Levels and Economic Reports for 9.10.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

    As I often do on Mondays…quick recap and lok ahead for fundamentals affecting major markets from our friends at www.TradeTheNews.com


    TradeTheNews.com Weekly Market Update: ECB Acts, Markets React

    – With Europe slowly sinking into deflation and looming recession, the ECB took action this week, cutting rates and pledging to launch an asset-backed securities buying program. In the US, the August jobs report was weaker than expected, although analysts largely explained away the miss. The S&P500 has seemed reluctant to go much higher after topping 2000 for the first time last week. The conflict in Ukraine turned from warfare to diplomacy yet again as evidence of Russia’s hand in the fighting became more and more obvious and Western allies threatened additional economic sanctions. China PMI readings stabilized, which was enough to send the Shanghai Composite up nearly five percent, its biggest weekly gain in over a year. For the week, the DJIA rose 0.2%, the S&P500 gained 0.2% and the Nasdaq edged up less than 0.1%.

    – On Thursday the ECB cut its refinancing rate to 0.05% from 0.15% and its deposit rate to -0.2% from -0.1%, and announced that it would launch an asset purchase program focused on private asset-backed securities. ECB President Draghi pronounced that that the ECB was now officially at the lower bound of interest rates and that no more rate cuts were possible. The decisions were not unanimous, however Draghi said a “comfortable majority” was in favor of the new measures. Observers pointed out that the European ABS market was relatively small and that the program might not be the sort of weapon that would do much to forestall deflation. The big bazooka of sovereign bond purchases remains on the shelf, with German opposition to its use still very strong; note that the Bundesbank’s Weidmann was the most vocal opponent to the rate cuts and ABS program announced this week.

    – The August US jobs report disappointed markets on Friday with a sizable miss in the nonfarm payrolls (+142K v +230Ke). The NFP was the lowest reading in 2014 so far and broke a six-month stretch of 200K+ monthly gains, the longest run seen since the late 1990s. Commentators noted that the August data has the greatest chance of being revised higher due to seasonal factors, and many analysts suggest the final estimate will rise to the upper half of the 150-200K range. In addition, over the last 12 years or so, every NFP print over +300K has been followed by one near or under +100K, suggesting that the July/August data are following a well-established pattern.

    – Coming into the week, the situation in Ukraine was going from bad to worse, with reports indicating more columns of Russian tanks and troops were entering the country to reinforce pro-Russian separatists in their offensive against government forces. On Wednesday Russia President Putin and Ukraine President Poroshenko restarted diplomacy that had broken off a week before, agreeing to discuss another ceasefire on Friday. It was not lost on anyone that Putin’s overture came as the planned NATO summit convened in Wales. Ahead of the confab, US President Obama reiterated the alliance’s defense commitments to its eastern members, and at the summit NATO finalized agreements for more aid to Ukraine and leaders said more sanctions on Russia are imminent. On Friday, Kiev and the separatists agreed to a temporary ceasefire and talks continue for a more enduring truce.

    – Shares of BP dropped sharply on Thursday, pulling the FTSE lower with it, after a US judge ruled that the company was grossly negligent in the 2010 Macondo oil spill. Recall that BP has already agreed to pay $13.7 billion in fines for the Gulf of Mexico spill, but the “gross negligence” finding means BP could face quadruple damages and a maximum of $18 billion in additional fines. Transocean and Halliburton were found to be partly culpable but cleared of gross negligence in the case.

    – August auto sales were mostly beat expectations, highlighted by Chrysler’s sales up 20% y/y. The overall industry continues to see sales volumes recover to levels last seen before the recession. A Ford sales executive said the industry is very strong at this stage in the US economic recovery, with August industry SAAR running around a mid-17M unit annualized rate, the best rate since 2006.

    – Homebuilders Toll Brothers and Hovnanian both beat expectations in third quarter reports out this week, and both firms saw very good y/y gains in revenues and profits. Toll Brothers narrowed its FY14 guidance for expected deliveries and said ASPs would be higher than expected, sending the company’s shares lower. Hovnanian did not offer guidance, but its metrics for the quarter were pretty solid, with the backlog up by double digits.

    – According to press reports, Alibaba plans to kick off its IPO roadshow in New York City starting on Monday, Sept 8th. On Friday, the IPO pricing range was set at $60-66/ADS implying a valuation around $150 billion (similar to the market cap of Amazon). Alibaba is expected to price the IPO on Sept 18th and begin trading its shares on the NYSE on Sept 19th.

    – In M&A, two large deals were announced on Tuesday. Norwegian Cruise Line Holdings agreed to acquire Prestige Cruises International Inc. in a deal valued at about $3.03 billion. Prestige is owned by PE firm Apollo Global Management, which also has a 20% stake in Norwegian. Compuware reached a tentative deal to sell itself for $2.5 billion to PE fund Thomas Bravo. Compuware had been under pressure from activist investors to cut costs, lay off staff, and solicit buyout offers for more than a year.

    – The ECB policy decision on Thursday slammed the euro, driving the biggest one-day decline in EUR/USD since October 2011, with the pair dropping to 1.2920 from 1.3150. EUR/USD spent all of Thursday and Friday below 1.30. EUR/CHF tested 1.2045, getting as close to the SNB floor as the pair has been since it was established in September 2011. The pound was softer as traders positioned nervously ahead of the Scottish independence referendum scheduled for September 18th. A YouGov poll out this week suggested that support for Scottish independence had risen eight points over the past month, dangerously close to the 50% threshold. Analysts pointed out that a significant GBP risk event could unfold as UK economic data has begun to soften across the board.

    – USD/JPY hit 6-year highs late in the week after Japan PM Abe offered LDP deputy policy chief Yasuhisa Shiozaki the Health Minister cabinet post, sparking hopes of early GPIF pension reform. Shiozaki has been the LDP’s largest proponent of GPIF pension reform including diversification into more domestic equities and foreign securities and away from domestic bonds.

    – The Bank of Japan maintained its assessment for the 13th consecutive meeting that “economy continued to recover moderately as a trend”, and despite some speculation of a more upbeat language, it largely stuck to the familiar script. The only change in the latest BOJ statement was a downgrade on the property market, noting the “decline in housing investment following front-loaded increase has continued.” Also of note out of Japan, wage inflation is finally accelerating more meaningfully, with the latest data out of Labor Statistics showing July cash earnings growing by 2.6% y/y – the largest increase since 1997. This should provide some welcome relief to Abenomics, just as the cabinet approval ratings for PM Abe also headed higher following this week’s cabinet reshuffle. Late on Friday, Japan’s Economy Minister Amari pledged more caution in the government’s expected December decision on whether to proceed with another round of sales tax hikes.

    – China PMI figures showed the economy diverging in favor of the services sector, which would be in line with policy objectives in Beijing. Official non-manufacturing PMI rose for the first time in 3 months to 54.4 from 54.2, while HSBC services PMI hit a 17-month high of 54.1 following an alarming record low of 50.0 print in July. In contrast, the official manufacturing PMI slowed for the first time in 6 months to 51.1, and the final HSBC manufacturing PMI fell to a 3-month low. HSBC chief China economist was cautious on both measures, noting subdued domestic demand and considerable downside risks to growth in the second half of 2014 related to the property sector slowdown justifying expectations for more easing measures to support the recovery. The Shanghai Composite was bid higher by an impressive 4.9% this week – the biggest gain since early 2013 and the highest level for the index in 15 months.

    Source:

    http://www.tradethenews.com/?storyId=1598274

     

     

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

     

     

    Futures Trading Levels

    Contract Sept. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2019.42 4137.50 17194 1185.77 85.06
    Resistance 2 2013.08 4121.25 17162 1179.93 84.72
    Resistance 1 2006.67 4108.00 17134 1175.87 84.50
    Pivot 2000.33 4091.75 17102 1170.03 84.16
    Support 1 1993.92 4078.50 17074 1165.97 83.94
    Support 2 1987.58 4062.25 17042 1160.13 83.60
    Support 3 1981.17 4049.00 17014 1156.07 83.38
    Contract December Gold Dec.Silver Oct. Crude Oil Dec. Bonds Sept. Euro
    Resistance 3 1288.9 19.69 95.63 139 17/32 1.3024
    Resistance 2 1280.7 19.52 94.62 139 4/32 1.2992
    Resistance 1 1268.4 19.27 93.81 138 17/32 1.2946
    Pivot 1260.2 19.10 92.80 138 4/32 1.2914
    Support 1 1247.9 18.86 91.99 137 17/32 1.2868
    Support 2 1239.7 18.69 90.98 137 4/32 1.2836
    Support 3 1227.4 18.44 90.17 136 17/32 1.2790
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 354.4 534.3 1017.33 358.27 32.64
    Resistance 2 352.6 534.2 1015.17 354.93 32.45
    Resistance 1 350.4 533.8 1011.83 348.67 32.29
    Pivot 348.6 533.7 1009.67 345.33 32.10
    Support 1 346.4 533.3 1006.3 339.1 31.9
    Support 2 344.6 533.2 1004.17 335.73 31.75
    Support 3 342.4 532.8 1000.83 329.47 31.59
    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 4:14pm Currency Impact Detail Actual Forecast Previous Graph
    TueSep 9  2:45am EUR French Gov Budget Balance -59.4B
    EUR French Trade Balance -5.0B -5.4B
    7:30am USD NFIB Small Business Index 95.9 95.7
    10:00am USD JOLTS Job Openings 4.72M 4.67M
    USD FOMC Member Tarullo Speaks


    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

  • Trading Futures Spreads & Options, Reports & Levels 8.22.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

     

     

    Most of the time I write about day trading, psychology of day trading, techniques etc. but I must say that day-trading is only one way of trading futures.

    Over the years I have been exposed and used the following techniques / methods in trading:
    buying options
    selling options
    using options spreads
    swing trading using futures
    position trading using futures and options
    break out trading
    and of course day-trading….

    All methods can lose money, make money and in between. Some carry higher degree of risk than others, some have better probability of success but losses can be significant….The bottom line is each trader is different and may find a method that he/she feels more comfortable with. I actually wrote an article for SFO magazine a few years back about this subject, called “trading for your blood type” ( email me for a copy if you like).

    One method I like for trading futures that can be applied both for day-trading but usually more common for swing/longer term trading is futures spreads. My colleague here at Cannon, Mark O’Brien wrote a good article about it last year which you can access at:

     

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

     

     

    Futures Trading Levels

    Contract Sept. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2005.17 4068.42 17178 1179.37 82.63
    Resistance 2 1998.58 4058.33 17114 1169.53 82.52
    Resistance 1 1993.92 4052.92 17067 1163.47 82.37
    Pivot 1987.33 4042.83 17003 1153.63 82.26
    Support 1 1982.67 4037.42 16956 1147.57 82.11
    Support 2 1976.08 4027.33 16892 1137.73 82.00
    Support 3 1971.42 4021.92 16845 1131.67 81.85
    Contract December Gold Sept.Silver Oct. Crude Oil September Bonds Sept. Euro
    Resistance 3 1307.3 19.7 96.75 141 6/32 1.3347
    Resistance 2 1299.6 19.6 95.60 140 24/32 1.3319
    Resistance 1 1288.7 19.5 94.80 140 13/32 1.3300
    Pivot 1281.0 19.4 93.65 139 31/32 1.3272
    Support 1 1270.1 19.3 92.85 139 20/32 1.3253
    Support 2 1262.4 19.2 91.70 139 6/32 1.3225
    Support 3 1251.5 19.1 90.90 138 27/32 1.3206
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 374.6 558.0 1049.92 353.50 34.05
    Resistance 2 373.2 557.0 1047.08 350.90 33.85
    Resistance 1 371.1 556.3 1042.67 348.70 33.48
    Pivot 369.7 555.3 1039.83 346.10 33.28
    Support 1 367.6 554.5 1035.4 343.9 32.9
    Support 2 366.2 553.5 1032.58 341.30 32.71
    Support 3 364.1 552.8 1028.17 339.10 32.34
    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 4:01pm Currency Impact Detail Actual Forecast Previous Graph
    FriAug 22  8:30am CAD Core CPI m/m 0.1% -0.1%
    CAD Core Retail Sales m/m 0.4% 0.1%
    CAD CPI m/m -0.1% 0.1%
    CAD Retail Sales m/m 0.3% 0.7%
    10:00am USD Fed Chair Yellen Speaks
    Day 2 ALL Jackson Hole Symposium
    2:30pm EUR ECB President Draghi Speaks

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

  • Different Methods to enter in Futures Trades, Reports & Levels 8.20.2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

     

     

    Few ways to enter a trade….

     

    There are so many different aspects to trading.

    From financial, emotional aspects to actual details of when to enter a trade, when to exit a trade and SO MUCH more in between…..

    An important part of trading is trade entry. Assuming a trader knows why he/ she about to enter a trade the next step sounds simple right? simply buy or sell the contract you wish to trade….

    Many times it is that simple, depending on the time frame you are trading you may simply buy @ market and get the market price at that time. Some traders try to make small profits where every tick counts hence they may use the “buy bid” or “sell ask” button in order to get in at the best market price at that time. Many times you may save a tick by doing so but other times you may find yourself chasing the bid or the ask…

     

    Another way is for a trader to decide that yes she wants to enter the specific market but she would like to get in at a price that is better and will use a limit order. Example may be, trader got the signal she was looking for to sell the mini SP 500 futures. The September contract was at 1982.75. Trader decided that she is willing to take the risk of not getting into the trade but she will only sell if the market hits her limit price of 1983.75 for example. There are times that this patience will allow for a better entry price, hence better chances to meet target but there are times that trader will not get in and “miss a possible winning trade”

    One more common way that some traders use is to enter on a stop. Most beginner traders will use stops for protection and not as much for trade entry. Traders with a bit more experience will at times use stops to enter a trade. Example may be that Joe decided to buy crude oil futures because he got his condition met ( crude in this hypothetical example is trading at 93.42), however Joe would like to see that price action follows the signal and break a minor level on the chart which he thinks serves as minor resistance at 93.49. In this case Joe will place a buy stop at 93.49 that if triggered will enter him into a long trade.

     

     

    Again, there are so many more ins and outs to trading in general and to trade entry in specific and I hope this quick overview may opened your mind to different ways of entering a trade.

     

     

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

     

     

    Futures Trading Levels

    Contract Sept. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 2001.67 4065.83 17110 1168.37 82.84
    Resistance 2 1993.83 4056.17 17040 1163.73 82.59
    Resistance 1 1988.67 4048.08 16995 1158.87 82.44
    Pivot 1980.83 4038.42 16925 1154.23 82.19
    Support 1 1975.67 4030.33 16880 1149.37 82.04
    Support 2 1967.83 4020.67 16810 1144.73 81.79
    Support 3 1962.67 4012.58 16765 1139.87 81.64
    Contract December Gold Sept.Silver Oct. Crude Oil September Bonds Sept. Euro
    Resistance 3 1308.4 19.7 94.61 140 25/32 1.3377
    Resistance 2 1303.9 19.7 94.09 140 13/32 1.3352
    Resistance 1 1297.8 19.6 93.76 140 2/32 1.3308
    Pivot 1293.3 19.5 93.24 139 22/32 1.3283
    Support 1 1287.2 19.4 92.91 139 11/32 1.3239
    Support 2 1282.7 19.3 92.39 138 31/32 1.3214
    Support 3 1276.6 19.2 92.06 138 20/32 1.3170
    Contract Dec Corn Dec. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 373.2 551.5 1061.17 362.00 34.16
    Resistance 2 371.3 551.0 1055.33 358.00 33.81
    Resistance 1 369.4 550.5 1046.67 351.10 33.51
    Pivot 367.6 550.0 1040.83 347.10 33.16
    Support 1 365.7 549.5 1032.2 340.2 32.9
    Support 2 363.8 549.0 1026.33 336.20 32.51
    Support 3 361.9 548.5 1017.67 329.30 32.21
    Economic Reports

    source: http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

     

    Date 3:59pm Currency Impact Detail Actual Forecast Previous Graph
    ThuAug 21 2:00am CHF Trade Balance 1.87B 1.38B
    3:00am EUR French Flash Manufacturing PMI 47.9 47.8
    EUR French Flash Services PMI 50.3 50.4
    3:30am EUR German Flash Manufacturing PMI 51.7 52.4
    EUR German Flash Services PMI 55.5 56.7
    4:00am EUR Flash Manufacturing PMI 51.4 51.8
    EUR Flash Services PMI 53.6 54.2
    4:30am GBP Retail Sales m/m 0.4% 0.1%
    GBP Public Sector Net Borrowing -1.9B 9.5B
    Tentative GBP 10-y Bond Auction 2.70|1.8
    8:30am USD Unemployment Claims 302K 311K
    9:45am USD Flash Manufacturing PMI 55.7 55.8
    10:00am EUR Consumer Confidence -9 -8
    USD Philly Fed Manufacturing Index 19.7 23.9
    USD Existing Home Sales 5.01M 5.04M
    USD CB Leading Index m/m 0.6% 0.3%
    10:30am USD Natural Gas Storage 83B 78B
    Day 1 ALL Jackson Hole Symposium

     

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

  • Crude Oil Futures Renko Charts & Economic Reports 7.23.2014

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Wednesday July 23, 2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

    I mentioned in previous posts that I am getting to like range bar charts and Renko charts more and more when it comes for very short term trading.

    The main reason why I like these type of charts along with volume charts when it comes to any time frame less than 10 minutes is because I think it helps filter out noise during slow times and help you get a quicker signal when there is time of heavier action in the market.

    Example, let’s say you are using a 5 minute chart along with certain studies, to make a simple example, moving averages cross overs. Before you get a signal, the 5 minute bar has to finish so you can see the value of the moving averages and see if you got a cross over or not. There are times when the market is fast with heavy volume and you may miss 80% of the move because 5 minutes can be a long time for day traders…..On the other hand if you are using Renko/volume charts/Range bars and there is good volume, fast action, these bars will complete much faster to provide a much faster signal. On the same token, if the market is slow with low volume, you will sometimes get your moving averages cross over simply because time has passed….With volume / Renko charts you may be able to filter this out simply because the bars WONT complete unless there is enough volume/ price action. Obviously, these type of charts are by no means “holly grail” but I think one should observe and pay attention to the type of charts especially if you are a short term day trader.

    Below is an example of crude oil 18 ticks range bar from today as well as a 5 minutes chart from today with the same studies/ conditions applied just to get a visual idea. If you like to try out the same charts I am sharing, feel free to contact Cannon Futures Trading and we will set you up for a free trial:

    Crude Oil 5 minute chart 7-22-2014

    Crude Oil 5 Minute Chart 7-22-2014

    Crude Oil 5 Minute Chart 7-22-2014

    Crude Oil 18 ticks range Bar chart 7-22-2014

    Crude Oil 18 Ticks Range Bar Chart 7-22-2014

    Crude Oil 18 Ticks Range Bar Chart 7-22-2014

     

    If you like the information we share? We would appreciate your positive reviews on our new yelp!!

    GOOD TRADING

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.  Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract Sept. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 1997.33 4001.33 17168 1173.97 81.29
    Resistance 2 1988.92 3980.42 17119 1165.73 81.11
    Resistance 1 1982.08 3965.58 17075 1157.87 80.98
    Pivot 1973.67 3944.67 17026 1149.63 80.79
    Support 1 1966.83 3929.83 16982 1141.77 80.66
    Support 2 1958.42 3908.92 16933 1133.53 80.48
    Support 3 1951.58 3894.08 16889 1125.67 80.35
    Contract August Gold Sept.Silver Sept. Crude Oil September Bonds Sept. Euro
    Resistance 3 1329.9 2148.3 104.50 139 16/32 1.3585
    Resistance 2 1323.4 2130.2 103.97 139 3/32 1.3559
    Resistance 1 1315.3 2114.8 103.18 138 27/32 1.3514
    Pivot 1308.8 2096.7 102.65 138 14/32 1.3488
    Support 1 1300.7 2081.3 101.86 138 6/32 1.3443
    Support 2 1294.2 2063.2 101.33 137 25/32 1.3417
    Support 3 1286.1 2047.8 100.54 137 17/32 1.3372
    Contract Dec Corn Sept. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 379.7 526.2 1095.17 358.40 36.71
    Resistance 2 377.1 525.8 1087.58 354.90 36.58
    Resistance 1 372.7 525.2 1072.67 348.30 36.30
    Pivot 370.1 524.8 1065.08 344.80 36.17
    Support 1 365.7 524.2 1050.2 338.2 35.9
    Support 2 363.1 523.8 1042.58 334.70 35.76
    Support 3 358.7 523.2 1027.67 328.10 35.48
    Economic Reports

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 3:57pm Currency Impact Detail Actual Forecast Previous Graph
    WedJul 23  10:00am EUR Consumer Confidence -6 -7
    10:30am USD Crude Oil Inventories -2.1M -7.5M

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

     

  • Global Events & Economic Reports for 7.18.2014

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Friday July 18, 2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

    Just as I wrote about summer trading, unfortunate events with Malaysian airlines plane crash as well as other Geo political events, sent the market down pretty hard along with two sided volatile action.

    Personally this was not an easy trading day, as I did not adjust the stops to match increased volatility only to see the direction of trade come back the way I wanted it.

    Trading is not easy mentally! I have seen myself and other traders get frustrated when that happens and start a chain of actions that was not in the game plan and can many times cause much bigger losses…. Revenge trading, doubling down are just a few of our “bad friends” who show up when you are not focused and disciplined….

    This is when one should take a pause, small break from trading. Step out, stretch, get fresh air and collect one self composure before deciding if to continue trading and how.

    I am glad to share that this actually helped me today stay within my game plan and minimize losses to what i consider “acceptable levels”…

    If you like the information we share? We would appreciate your positive reviews on our new yelp!!

    GOOD TRADING !

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.  Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract Sept. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 1997.17 3985.17 17238 1162.97 80.78
    Resistance 2 1986.58 3956.33 17161 1155.33 80.72
    Resistance 1 1970.17 3916.92 17054 1142.17 80.65
    Pivot 1959.58 3888.08 16977 1134.53 80.60
    Support 1 1943.17 3848.67 16870 1121.37 80.53
    Support 2 1932.58 3819.83 16793 1113.73 80.47
    Support 3 1916.17 3780.42 16686 1100.57 80.40
    Contract August Gold Sept.Silver August Crude Oil September Bonds Sept. Euro
    Resistance 3 1358.6 2194.7 105.92 139 25/32 1.3565
    Resistance 2 1342.3 2162.3 104.60 139 5/32 1.3554
    Resistance 1 1330.8 2140.7 103.90 138 24/32 1.3541
    Pivot 1314.5 2108.3 102.58 138 4/32 1.3530
    Support 1 1303.0 2086.7 101.88 137 23/32 1.3517
    Support 2 1286.7 2054.3 100.56 137 3/32 1.3506
    Support 3 1275.2 2032.7 99.86 136 22/32 1.3493
    Contract Dec Corn Sept. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 399.7 551.5 1139.17 378.27 37.36
    Resistance 2 396.1 551.3 1129.33 372.43 37.15
    Resistance 1 391.7 551.0 1111.67 364.97 36.77
    Pivot 388.1 550.8 1101.83 359.13 36.56
    Support 1 383.7 550.5 1084.2 351.7 36.2
    Support 2 380.1 550.3 1074.33 345.83 35.97
    Support 3 375.7 550.0 1056.67 338.37 35.59
    5. Economic Reports

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 3:28pm Currency Impact Detail Actual Forecast Previous Graph
    FriJul 18  4:00am EUR Current Account 24.3B 21.5B
    6:30am EUR German Buba President Weidmann Speaks
    9:55am USD Prelim UoM Consumer Sentiment 83.5 82.5
    USD Prelim UoM Inflation Expectations 3.1%
    10:00am USD CB Leading Index m/m 0.6% 0.5%

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

     

  • Futures Levels & Economic Reports for 7.17.2014

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Thursday July 17, 2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

     In the last few days we witnessed “summer trading” with low volume 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.

    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)

    If you like the information we share? We would appreciate your positive reviews on our new yelp!!

    GOOD TRADING!

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.  Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract Sept. 2014  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 1991.00 3968.00 17168 1171.63 80.95
    Resistance 2 1984.50 3954.50 17118 1164.87 80.80
    Resistance 1 1980.00 3940.00 17090 1156.43 80.71
    Pivot 1973.50 3926.50 17040 1149.67 80.57
    Support 1 1969.00 3912.00 17012 1141.23 80.48
    Support 2 1962.50 3898.50 16962 1134.47 80.33
    Support 3 1958.00 3884.00 16934 1126.03 80.24
    Contract August Gold Sept.Silver August Crude Oil September Bonds Sept. Euro
    Resistance 3 1314.9 2116.3 103.19 138  5/32 1.3611
    Resistance 2 1309.6 2102.2 102.32 137 24/32 1.3592
    Resistance 1 1304.2 2091.3 101.82 137 15/32 1.3560
    Pivot 1298.9 2077.2 100.95 137  2/32 1.3541
    Support 1 1293.5 2066.3 100.45 136 25/32 1.3509
    Support 2 1288.2 2052.2 99.58 136 12/32 1.3490
    Support 3 1282.8 2041.3 99.08 136  3/32 1.3458
    Contract Dec Corn Sept. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 394.5 539.5 1113.33 370.97 37.35
    Resistance 2 392.3 539.0 1108.67 364.33 37.25
    Resistance 1 389.5 538.5 1105.33 360.57 37.12
    Pivot 387.3 538.0 1100.67 353.93 37.02
    Support 1 384.5 537.5 1097.3 350.2 36.9
    Support 2 382.3 537.0 1092.67 343.53 36.79
    Support 3 379.5 536.5 1089.33 339.77 36.66
    5. Economic Reports

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 3:25pm Currency Impact Detail Actual Forecast Previous Graph
    ThuJul 17  5:00am EUR CPI y/y 0.5% 0.5%
    EUR Core CPI y/y 0.8% 0.8%
    Tentative EUR Spanish 10-y Bond Auction 2.97|1.7
    8:30am USD Building Permits 1.04M 0.99M
    USD Unemployment Claims 310K 304K
    USD Housing Starts 1.02M 1.00M
    10:00am USD Philly Fed Manufacturing Index 15.6 17.8
    10:30am USD Natural Gas Storage 99B 93B

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

     

  • Earnings Season Started & Economic Reports 07.10.2014

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Thursday July 10, 2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

     

    Earnings season has started. Make sure you are aware of when major market movers are reporting.

    The calendar can be found at: http://www.morningstar.com/earnings/earnings-calendar.aspx

    Today I want to refresh our blog readers with what I call “there is life after mini SP for day-traders….” One of my favorite markets for day-trading is the 30 year bonds.

    Too many of our clients trade the mini SP 500 and that’s it. I think that if one has the capital/ time/ knowledge, one should be looking to trade more than one market for purposes of diversification.

    Each market has a different personality and behavior is dependent on the time of day when it’s most active.. If you are finding that the ES ( mini SP) is not giving you enough risk/opportunities then start monitoring a couple of other markets and perhaps explore them in the demo / simulated mode.

     

    There are more than a few markets that I think are suitable for day-trading. Below you will find some observations, tips along with what is unique about these markets, their personality and the most active trading hours.

     

    Interest Rates, 10 year and 30 year.

     

    In most platforms, the symbols are ZB for 30 year bonds and ZN for 10 year notes. The current front month is September which is U. So ZBU4 for example.

    Product Symbol ZB
    Contract Size The unit of trading shall be U.S. Treasury Bonds having a face value at maturity of one hundred thousand dollars ($100,000) or multiples thereof
    Price Quotation Points ($1,000) and 1/32 of a point. For example, 134-16 represents 134 16/32. Par is on the basis of 100 points.
    Product Symbol ZN

     

    Underlying Unit One U.S. Treasury note having a face value at maturity of $100,000.
    Deliverable Grades U.S. Treasury notes with a remaining term to maturity of at least six and a half years, but not more than 10 years, from the first day of the delivery month. The invoice price equals the futures settlement price times a conversion factor, plus accrued interest. The conversion factor is the price of the delivered note ($1 par value) to yield 6 percent.
    Price Quote Points ($1,000) and halves of 1/32 of a point. For example, 126-16 represents 126 16/32 and 126-165 represents 126 16.5/32. Par is on the basis of 100 points.
    Tick Size
    (minimum fluctuation)
    One-half of one thirty-second (1/32) of one point ($15.625, rounded up to the nearest cent per contract), except for intermonth spreads, where the minimum price fluctuation shall be one-quarter of one thirty-second of one point ($7.8125 per contract).
    Contract Months The first five consecutive contracts in the March, June, September, and December quarterly cycle.

    These contracts are often affected by many of the economic reports that come out at 8:30 Am Eastern and there is very active volume between the hours of 8 am EST and 3 PM EST

    Volume on both contracts is very good. Ten years will often have 1 million contracts traded per day

    (might be the second most active US futures market after the mini SP 500) and the bonds will avg. around 300,000 contracts.

    These markets can experience very volatile movements during and right after different reports but then will often trade smooth or in an intraday trend the rest of the day.

     

     

    If you like the information we share? We would appreciate your positive reviews on our new yelp!!

    GOOD TRADING

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.  Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract Sept. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 1980.58 3933.08 17035 1186.73 80.47
    Resistance 2 1974.42 3911.92 16981 1181.37 80.37
    Resistance 1 1970.58 3898.83 16946 1176.03 80.22
    Pivot 1964.42 3877.67 16892 1170.67 80.12
    Support 1 1960.58 3864.58 16857 1165.33 79.97
    Support 2 1954.42 3843.42 16803 1159.97 79.87
    Support 3 1950.58 3830.33 16768 1154.63 79.72
    Contract August Gold Sept.Silver August Crude Oil September Bonds Sept. Euro
    Resistance 3 1349.8 2153.2 104.75 137 25/32 1.3709
    Resistance 2 1341.6 2140.8 104.18 137 13/32 1.3681
    Resistance 1 1335.1 2128.7 103.15 137 2/32 1.3663
    Pivot 1326.9 2116.3 102.58 136 22/32 1.3635
    Support 1 1320.4 2104.2 101.55 136 11/32 1.3617
    Support 2 1312.2 2091.8 100.98 135 31/32 1.3589
    Support 3 1305.7 2079.7 99.95 135 20/32 1.3571
    Contract Dec Corn Sept. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 407.9 553.7 1127.83 363.00 38.06
    Resistance 2 404.8 553.1 1121.92 361.00 37.90
    Resistance 1 401.4 552.2 1112.83 358.10 37.60
    Pivot 398.3 551.6 1106.92 356.10 37.44
    Support 1 394.9 550.7 1097.8 353.2 37.1
    Support 2 391.8 550.1 1091.92 351.20 36.98
    Support 3 388.4 549.2 1082.83 348.30 36.68
    5. Economic Reports

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 3:26pm Currency Impact Detail Actual Forecast Previous Graph
    ThuJul 10  2:45am EUR French Industrial Production m/m 0.5% 0.3%
    EUR French CPI m/m 0.2% 0.0%
    4:00am EUR ECB Monthly Bulletin
    EUR Italian Industrial Production m/m 0.6% 0.7%
    8:30am USD Unemployment Claims 316K 315K
    10:00am USD Wholesale Inventories m/m 0.6% 1.1%
    10:30am USD Natural Gas Storage 100B
    1:01pm USD 30-y Bond Auction 3.44|2.7
    4:30pm USD FOMC Member Fischer Speaks

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

  • Cannon Trading Releases New Futures Trading Platform, Shogun Trade Executor 7.09.2014

    Cannon Trading Releases New Futures Trading Platform, Shogun Trade Executor™

    Cannon Trading launches Shogun Trade Executor™, a futures platform that provides a cutting edge experience for futures traders and combines 25 years of experience into a simple trading platform. Set apart by its access to unfiltered data and statistical analysis, Shogun Trade Executor™ is the perfect program for traders who want to improve their game.

    Beverly Hills, California (PRWEB) July 08, 2014

    http://www.prweb.com/releases/cannon-trading/shogun-trade-executor/prweb11998947.htm

    Cannon Trading Co, Inc., an Independent Introducing Brokerage firm, is releasing its latest futures trading software, Shogun Trade Executer,™ a trading platform tailored to provide the most cutting edge user experience for futures traders.

    The new software allows traders to benefit from the company’s 25 years of experience and compiles a user-interface that is both intuitive and highly functional. What separates Shogun Trade Executor™ from the other platforms lies in a few different levels of trading mechanics.

    “Besides single click orders, Shogun Trade Executor™ offers tools to help the trader regulate himself and observe his statistics. With an implemented daily loss limit, a trader can now stay disciplined and set daily loss limits to protect profits and/ or limit losses for any given day, directly from the platform,” says Mike Levy, President, Cannon Trading.

    “At the end of the day, users can study themselves as traders and observe their own individual trading statistics. Shogun Trade Executor™ provides free charting with over 100 technical indicators, trading algorithms, and unfiltered historical data,” he adds.

    These are just some of the features that separate Shogun Trade Executor™ from other platforms. For more information and to actually try it out, traders can start with no cost Demo version.

    As the industry has changed, Cannon has always been mindful of the evolving environment and has always kept customer interests in mind. The brokers at Cannon Trading look forward to finding out whether the futures trading landscape is something that will work for customers.

    Cannon Trading has consistently tried to be a place where the traders and brokers work together as a team to assist clients in any way possible.

    The result is a unique and progressive infrastructure that enables them to meet the varied needs of our clients with tailored services and execution.

    Cannon Trading Company has won a Customer Service Finalist of 2003 Readers Choice Award, and the brokers have been quoted in SFO, Futures Magazine and Bloomberg. The Company is a proud member of the NFA andCFTC since 1988.

    Visit the website and take advantage of many of the offers and educational tools.

    Good Trading

    Contact Details:
    Name: Cannon Trading Co, Inc.
    Email-id: info(at)cannontrading(dot)com
    Address: 9301 Wilshire Blvd. Suite 515 Beverly Hills, CA 90210
    Phone Number: (800)-454-9572
    Website: https://www.cannontrading.com

    TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

  • Futures Levels & Economic Reports 7.09.2014

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Wednesday July 9, 2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

    I am not sure if it is the overbought conditions stock index futures are in, perhaps fear of the start of earning season or maybe it is the tense situation over in Israel/ Middle East – but the result today was one of the more meaningful down days of the last few months along with above avg. volume.


    Not sure it is anything more than normal market action after indices made all time highs last week….I am a little more skeptic now days when it comes to the short side of the indices. That been said, if September SP500 can break below 1952 ( just a bit below today’s lows) I think we have higher chances of a continuation lower.

    In between, know what time frame you are trading, know your rules, your objectives, accept the fact that you will have good and bad trading days and measure your progress after you define what it is.

    If you like the information we share? We would appreciate your positive reviews on our new yelp!!

    GOOD TRADING  and review us on Elite Trader!

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.  Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract Sept. 2014 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
    Resistance 3 1987.92 3965.08 17096 1202.57 80.48
    Resistance 2 1979.33 3935.92 17024 1192.53 80.41
    Resistance 1 1969.92 3899.58 16940 1181.97 80.32
    Pivot 1961.33 3870.42 16868 1171.93 80.26
    Support 1 1951.92 3834.08 16784 1161.37 80.17
    Support 2 1943.33 3804.92 16712 1151.33 80.10
    Support 3 1933.92 3768.58 16628 1140.77 80.01
    Contract August Gold Sept.Silver August Crude Oil September Bonds Sept. Euro
    Resistance 3 1337.5 2153.2 105.35 137 24/32 1.3656
    Resistance 2 1331.6 2138.8 104.78 137 9/32 1.3638
    Resistance 1 1326.1 2124.2 104.16 136 30/32 1.3627
    Pivot 1320.2 2109.8 103.59 136 15/32 1.3609
    Support 1 1314.7 2095.2 102.97 136 4/32 1.3598
    Support 2 1308.8 2080.8 102.40 135 21/32 1.3580
    Support 3 1303.3 2066.2 101.78 135 10/32 1.3569
    Contract Dec Corn Sept. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 410.9 562.5 1123.50 364.87 38.80
    Resistance 2 409.1 560.8 1121.75 362.83 38.62
    Resistance 1 406.7 558.5 1119.00 360.07 38.30
    Pivot 404.8 556.8 1117.25 358.03 38.12
    Support 1 402.4 554.5 1114.5 355.3 37.8
    Support 2 400.6 552.8 1112.75 353.23 37.62
    Support 3 398.2 550.5 1110.00 350.47 37.30
    5. Economic Reports

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 4:03pm Currency Impact Detail Actual Forecast Previous Graph
    WedJul 9  10:30am USD Crude Oil Inventories -3.2M
    1:01pm USD 10-y Bond Auction 2.65|2.9
    2:00pm USD FOMC Meeting Minutes
    2:30pm EUR ECB President Draghi Speaks

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

  • Futures Levels & Economic Reports 7.03.2014

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Thursday July 3, 2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

     

    No market commentary today.  Please have a safe 4th of July  weekend!

     

     

    If you like the information we share? We would appreciate your positive reviews on our new yelp!!

    GOOD TRADING

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.  Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract Sept. 2014 SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
    Resistance 3 1975.67 3911.33 16950 1213.77 80.25
    Resistance 2 1972.83 3903.92 16931 1209.33 80.14
    Resistance 1 1970.17 3897.83 16912 1202.87 80.06
    Pivot 1967.33 3890.42 16893 1198.43 79.95
    Support 1 1964.67 3884.33 16874 1191.97 79.87
    Support 2 1961.83 3876.92 16855 1187.53 79.76
    Support 3 1959.17 3870.83 16836 1181.07 79.68
    Contract August Gold Sept.Silver August Crude Oil September Bonds Sept. Euro
    Resistance 3 1344.5 2175.2 106.53 137 23/32 1.3726
    Resistance 2 1338.8 2154.3 106.03 137 5/32 1.3707
    Resistance 1 1333.4 2137.7 105.10 136 9/32 1.3682
    Pivot 1327.7 2116.8 104.60 135 23/32 1.3663
    Support 1 1322.3 2100.2 103.67 134 27/32 1.3638
    Support 2 1316.6 2079.3 103.17 134 9/32 1.3619
    Support 3 1311.2 2062.7 102.24 133 13/32 1.3594
    Contract Dec Corn Sept. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 424.8 577.7 1156.17 370.90 39.19
    Resistance 2 423.0 576.8 1150.83 367.70 39.07
    Resistance 1 420.5 576.2 1146.17 365.40 38.93
    Pivot 418.8 575.3 1140.83 362.20 38.81
    Support 1 416.3 574.7 1136.2 359.9 38.7
    Support 2 414.5 573.8 1130.83 356.70 38.55
    Support 3 412.0 573.2 1126.17 354.40 38.41
    5. Economic Reports

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 3:11pm Currency Impact Detail Actual Forecast Previous Graph
    ThuJul 3  3:15am EUR Spanish Services PMI 56.3 55.7
    3:45am EUR Italian Services PMI 52.3 51.6
    4:00am EUR Final Services PMI 52.8 52.8
    5:00am EUR Retail Sales m/m 0.3% 0.4%
    Tentative EUR French 10-y Bond Auction 1.96|1.7
    7:30am USD Challenger Job Cuts y/y 45.5%
    7:45am EUR Minimum Bid Rate 0.15% 0.15%
    8:30am EUR ECB Press Conference
    USD Non-Farm Employment Change 214K 217K
    USD Trade Balance -45.1B -47.2B
    USD Unemployment Claims 314K 312K
    USD Unemployment Rate 6.3% 6.3%
    USD Average Hourly Earnings m/m 0.2% 0.2%
    9:45am USD Final Services PMI 61.1 61.2
    10:00am USD ISM Non-Manufacturing PMI 56.2 56.3
    10:30am USD Natural Gas Storage 100B 110B

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

  • Futures Market update and Economic Reports 7.01.2014

    Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

    Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

    1. Market Commentary
    2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
    3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Futures Economic Reports for Tuesday July 1, 2014

    Hello Traders,

    For 2014 I would like to wish all of you discipline and patience in your trading!

     Wishing everyone great trading month in July!

    TradeTheNews.com Weekly Market Update: Summer Doldrums Arrive Early

    – The second quarter still has one session left to go on Monday, however there was very little quarter-end repositioning driving trading volumes or volatility any higher this week. The final reading of first quarter US GDP came in much lower at -2.9%, however markets ignored this well-trodden story to concentrate on more recent, more positive numbers: the May Markit manufacturing PMI reading pushed out to 61, its highest level since May 2010; May new home sales surged 18.6% from April to an adjusted rate of 504K, the highest level since 2008; and May core PCE at 1.5%. Similarly positive data were seen out of China and Japan, while European indicators held steady at a low level of growth and inflation. The S&P500 made an all-time intraday high on Tuesday and then edged lower, while European bourses moved lower all week. For the week, the DJIA dropped 0.6%, the S&P500 fell 0.1% and the Nasdaq gained 0.7.

    – The annualized May core PCE, the Fed’s preferred measure of inflation, grew 1.5%, right in line with consensus expectations. This is the highest rate of growth in the measure since February 2013, and the overall reaction to the data among analysts and the Fed was very measured this week. The headline PCE was a bit higher, at 1.8%. Fed dove Bullard said PCE inflation would not get above 2% until 2015 but warned that the Fed is much closer to achieving its goals and the economy is doing much better than most people realize. While Bullard also reiterated his view that rate hikes would not be appropriate until the first quarter of 2015, Bullard’s firm tone helped force equity markets lower on Thursday morning. Fed hawk Lacker said the recent inflation data was not just “noise” and that inflation measures would head higher this year. Lacker also warned it would be a mistake to allow inflation to get out of control before the Fed started raising rates. Recall that last week, Fed Chair Yellen said “…recent readings on, for example, the CPI index have been a bit on the high side, but I think the data we’re seeing is noisy.”

    – The final revision of the weather-impacted US first quarter GDP missed expectations and sank much lower, to -2.9% from the -1.0% preliminary figure. This was the fastest rate of decline since the Great Recession and the largest drop recorded since the end of World War II that wasn’t part of an official recession. However, nearly every component of the final reading was very modestly adjusted with the exception of imports and exports (which more or less cancelled each other out), and the services PCE, which was revised to +1.5% from +4.3% in the preliminary data, driven entirely by updated estimates of health care spending. The feds had assumed medical services would be up sharply due to expanded access under the ACA, but the latest quarterly services survey showed few signs of acceleration. After the data, Barclays adjusted its call to +2.9% from +4% in its prior view, to reflect a more modest rebound in Q2 consumption growth. TD Ameritrade cut its Q2 GDP view to +3.0% from +3.6% prior.

    – Oil prices spiked higher on Tuesday on reports the Obama administration had cleared the way for the first exports of US crude oil in 40 years. Federal officials informed two energy firms – Pioneer Natural Resources and Enterprise Products Partners – they can legally export ultra-light oil condensate, which is a product of shale drilling. The front-month WTI crude contract traded as high as $107.50 before the Commerce Department clarified that there had been no broad change in policy. Commerce said that the two companies were granted permission to export shale condensate only after it had been run through a distillation tower to become a petroleum product and only because of a large oversupply of condensate, clarifying that the move had no larger implications for crude exports. Nevertheless, refiners tanked on Wednesday, with Valero down 10% or so on the week.

    – On Friday Ukraine signed the historic free-trade agreement with the European Union that has been at the heart of months of violence and upheaval in the country, drawing an immediate threat of “grave consequences” from Russia. Ukraine President Poroshenko declared a unilateral ceasefire for the week, however hostilities continued, with both sides exchanging fire on several occasions. The tentative ceasefire is expected to extend through Monday to allow of an attempt at peace talks. Western powers reiterated they stand ready to impose more sanctions if Russia fails to make a good faith effort de-escalate the tensions and return full control of Ukraine’s border to the Kiev government.

    – The US Supreme Court ruled against Barry Diller’s Aereo streaming television service, calling it a broad violation of broadcaster copyrights. The sweeping and definitive ruling was split 6 to 3, and the majority opinion went out of its way to call out Aereo as the equivalent of a cable company, not merely an equipment provider. They also emphasized that the ruling does not endanger other technologies, including cloud computing technology. Mr. Diller said the ruling was the end of the road for Aereo, calling the ruling a big loss for consumers.

    – In earnings, shares of Nike gained ground on impressive fourth quarter numbers, beating on the top and bottom line. Futures orders were up 11%, while even China – previously a soft spot – appears to have made a fully recovery from its inventory adjustment with a 4% rise in sales. Walgreen missed bottom-line expectations in its third quarter, but bevenue was up 6% y/y and met consensus views while Rx comps were up 6.3%. Walgreen also said it was considering reincorporating in Switzerland for tax reasons as part of its combination with Alliance Boots. Monsanto beat earnings expectations in its third quarter results and authorized a big new share buyback program. Note that earnings were down 5% y/y and revenue missed expectations, dragged lower by a 16% y/y decline in sales of genetically-engineered corn seeds. Homebuilders Lennar and KB Homes reported very strong quarterly results, with robust gains in new home sales and strong growth in backlogs.

    – In M&A news, France’s Alstom accepted General Electric’s $13.5 billion offer to acquire the firm’s power generation and grid businesses, with the additional caveat that GE enter three JVs with Alstom for grid infrastructure, renewable power equipment and nuclear power. The deal comes after the French government got an option to buy as much as 20% of Alstom from Bouygues following the closing of the deal, giving the government the guarantee it needed that Alstom will remain a French firm. Oracle reached a deal to acquire Micros Systems for $68/share in cash, in a total deal valued at $5.3B. This is the company’s biggest buy since acquiring Sun Microsystems for $7.4 billion back in 2009. Midwest utilities Wisconsin Energy and Integrys Energy entered an all-stock merger valued at $9.1 billion.

    – FX markets remained locked in tight ranges for yet another week as volatility declined even further. Analysts noted as long as US bond yields were in retreat and the US yield curve continued its bullish steepening, the greenback should stay offered, pushing volatility even lower and keeping the carry trade in play. Volatility in the EUR/USD pair matched all-time lows at 4.55%. GBP/USD saw a little profit-taking after failing to close above the pivotal 1.7050 weekly chart point. USD/JPY slid lower, dropping below its 200-day moving average to end the week around 101.34 largely due to US rates. Key support is at 100.70 and could ignite downside momentum if broken.

    – China HSBC flash manufacturing PMI for June returned to expansionary territory for the first time in six months, signaling the “targeted mini-stimulus” measures orchestrated by policymakers are starting to gain some traction. The data showed an upward inflection in input prices and improvement in the employment component, although growth in new export orders slowed. HSBC chief China economist said he expects continued accommodative policy until the recovery is sustained. China Beige Book assessment of Q2 was more measured, indicating fewer companies had access to credit amid weakening investment environment. Shanghai Composite ended the week up 0.5%.

    – Trading in Tokyo was decidedly more bearish as Nikkei225 fell 1.7%, weighed down by firmer Yen and even more fodder for the BOJ to stick to its guns on policy. May unemployment rate fell to a 17-year low of 3.5%, while job-to-applicant ratio hit a 22-year high of 1.09x. Inflation figures also maintained their upward trend, with core Japan-wide CPI reaching its highest point since 1982. Japan PM Abe formally unveiled his “3rd arrow” plans early in the week, announcing plans to cut the corporate tax rate from current 35%+ to below 30% over the next few years, enact portfolio management reforms for pension funds, and revise the tax system with intent on promoting the number of women in the workforce.


     

     

    If you like the information we share? We would appreciate your positive reviews on our new yelp!!

    GOOD TRADING

    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.  Past performance is not indicative to future results.

    If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

    Futures Trading Levels

    Contract Sept. 2014 SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
    Resistance 3 1966.75 3879.25 16864 1204.27 80.35
    Resistance 2 1961.75 3865.25 16826 1196.63 80.24
    Resistance 1 1958.00 3855.75 16794 1192.27 80.02
    Pivot 1953.00 3841.75 16756 1184.63 79.91
    Support 1 1949.25 3832.25 16724 1180.27 79.70
    Support 2 1944.25 3818.25 16686 1172.63 79.59
    Support 3 1940.50 3808.75 16654 1168.27 79.37
    Contract August Gold July Silver August Crude Oil September Bonds Sept. Euro
    Resistance 3 1355.1 2161.3 107.00 137 27/32 1.3777
    Resistance 2 1342.8 2139.2 106.38 137 17/32 1.3740
    Resistance 1 1335.7 2124.8 105.90 137 9/32 1.3719
    Pivot 1323.4 2102.7 105.28 136 31/32 1.3682
    Support 1 1316.3 2088.3 104.80 136 23/32 1.3661
    Support 2 1304.0 2066.2 104.18 136 13/32 1.3624
    Support 3 1296.9 2051.8 103.70 136 5/32 1.3603
    Contract Dec Corn Sept. Wheat Nov. Beans Dec. SoyMeal Dec. bean Oil
    Resistance 3 457.6 584.5 1285.83 423.43 40.95
    Resistance 2 450.4 582.5 1258.42 410.67 40.58
    Resistance 1 437.8 580.0 1207.83 389.03 39.86
    Pivot 430.7 578.0 1180.42 376.27 39.49
    Support 1 418.1 575.5 1129.8 354.6 38.8
    Support 2 410.9 573.5 1102.42 341.87 38.40
    Support 3 398.3 571.0 1051.83 320.23 37.68
    5. Economic Reports

    source:http://www.forexfactory.com/calendar.php

    All times are Eastern time Zone (EST)

    Date 3:14pm Currency Impact Detail Actual Forecast Previous Graph
    TueJul 1  3:15am EUR Spanish Manufacturing PMI 53.2 52.9
    3:45am EUR Italian Manufacturing PMI 53.5 53.2
    3:55am EUR German Unemployment Change -9K 24K
    4:00am EUR Final Manufacturing PMI 51.9 51.9
    EUR Italian Monthly Unemployment Rate 12.6% 12.6%
    5:00am EUR Unemployment Rate 11.7% 11.7%
    8:00am USD Treasury Sec Lew Speaks
    9:45am USD Final Manufacturing PMI 57.5 57.5
    10:00am USD ISM Manufacturing PMI 55.6 55.4
    USD Construction Spending m/m 0.5% 0.2%
    USD IBD/TIPP Economic Optimism 48.9 47.7
    USD ISM Manufacturing Prices 60.0 60.0
    All Day USD Total Vehicle Sales 16.5M 16.8M

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

  • Futures Trading Advice for Beginners Infographics

    Do you often find yourself overwhelmed by the game of numbers that dictates the nerves of the markets? Are you often perplexed by the amusing gains and losses that investors count their wealth by? Here is an interesting way to understand commodities and trading, for all those who are inquisitive about the art of investment. In case you think commodities can be your ticket to extra earnings, the infographic presents some hard facts that you ought to rote before you fall in the temptation of trading. That said, once you have the basics by your side and the facts by your fingers, trading in commodities can be another asset class to consider.

    The infographic that Cannon presents, is a graphic insight into how investing in commodities through futures should be done. It also establishes certain general tips one can follow when trading futures. The infographic uses basic examples from day to day life to explain difficult concepts of trading, a matter that generally requires expert intervention or hours of discussion so as to understand thoroughly. The basic features of futures trading have also be highlighted in the simplest possible manner, through this infographic made by Cannon Trading.

     

    Futures Trading Infographics
    This Infographic created by:: Cannon Trading

    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.

     

  • How Do I Get Started Trading Futures?

    So you’ve come this far. You’ve evaluated different vehicles of investment, and you have decided to expand your portfolio to include commodity futures. Now what? You are going to need a few tools at your disposal: a knowledgeable commodity broker that is quick on their feet, a reliable, efficient platform that will get you the information you require and executes your trades on a timely basis, and perhaps most importantly a plan.

    Let’s begin with the most important requirement: because futures are so highly, there’s no doubt it can be a very risky asset class and you should only be trading with “risk capital”, or money that you can stand to lose and won’t affect your lifestyle if you do. Once you’ve accumulated your risk capital and you’ve come to terms with the nature of trading futures, you can take matters a step further by doing research on what kind of trader you want to be.

    Self-directed, Broker-assist, or Managed?

    One of the most difficult aspects of futures trading is coming to terms with one’s own skill set; what are the characteristics of my trading? What are the flaws and finer points of my trading? Is day-trading the E-mini S&P 500 something I was cut out for, or does my personality gear me more towards swing-trading the grains?

    Our Vice President, Ilan Levy-Mayer, wrote a piece entitled “What’s Your Trading Blood Type” that’s available for you to read. It is a free resource here on our website, and at the very least it will be a solid step in the right direction on the long and winding path that is futures trading.

    Fortunately, Cannon Trading Company employs fully licensed and experienced brokers that can help you answer these questions. We will help you understand the different methodologies and managed programs out there if that’s what you are leaning towards, or we can help our self-directed traders understand the subtleties involved when picking markets to trade based on what kind of opportunities they’re looking for. When trying to better comprehend the complicities of trading futures, it’s better to speak with a licensed professional rather than your online trading buddy or so called “Educators” who are not licensed.

    Execution

    This future brokerage firm has been in the same location in Beverly Hills, California since 1988 and has the experience and tools to help you achieve your goals. We offer most of the platforms available in the industry today and it affords us the opportunity to provide an objective, comprehensive point-of-view when helping you choose your execution platform. Whether it is the user-friendly nature and execution of the Firetip platform, the indicator-specific trading of the NinjaTrader platform, or the automated risk management feature of TransAct AT, we can assist you figure out what it is that you need to help you increase your chance of success.

    Patience, Tolerance, and Trading Psychology

    Navigating the futures markets is not understood overnight. It can often take years of preparation and research, and you can never learn enough patience when you’re trading live. Just as paramount as any other prerequisite for trading futures is a proper trading psychology: one that will allow you to determine the difference between pain tolerance and denial, between responsible targets and greed, and a mindset that won’t force you to keep trading when it’s time to step away from the computer.

    ** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

     

  • Entering into Futures Trading

    Futures trading can be a rewarding investment for those with an in-depth understanding of a particular commodity. In essence, you will be buying or selling a commodity based on its future selling price. For example, if you can buy a futures contract at a low rate and sell it for a higher price, it’s possible to gain a significant profit in the transaction. But before wading into this highly speculative market, there are some things you will need to do and know about trading futures markets.

    First, you will need to enter an agreement and create an account with a commodities broker. These brokers are licensed professionals who are allowed to trade in commodities on the trading floor of an exchange. Accordingly, they manage and mediate futures trading between buyers and sellers as well as keep track of the prices of futures contracts. Because of their knowledge of the market, they can help you make sound investments and recommend an investment strategy that suits your profile.

    When choosing a commodities broker, make sure you find one who will help you understand the different methodologies and managed programs out there if that’s what you are leaning towards. Or a commodities broker who can help you as a self-directed trader to understand the subtleties involved when picking markets to trade based on what kind of opportunities you are looking for. When trying to better comprehend the complicities of trading futures, it’s better to speak with a licensed professional rather than your online trading buddy or so called “Educators” who are not licensed.

    Once you have picked your trusted broker and opened an account with their firm, you must deposit an initial margin. Margins are collateral used to cover losses by the exchange or brokerage firm when trading in your name, such as when cash is borrowed for a purchase order. Each commodities market has different margin requirements. If the losses fall below the maintenance margin, your broker will ask you to add funds to bring it back to its initial amount. Moreover, if you make a profit due to your position, the yield will be added to your account.

    Lastly, trading software is a necessary tool used by professionals and rookie traders alike. It allows traders to access information from different markets conveniently. The trading software should be able to chart the price fluctuations and other market activities. Additionally, the software can be used to place, modify, and cancel orders by directly contacting the exchange.

    Please remember that navigating the futures markets is not understood overnight. It can often take years of preparation and research, and you can never learn enough patience when you’re trading live. Just as paramount as any other prerequisite for trading futures is a proper trading psychology: one that will allow you to determine the difference between pain tolerance and denial, between responsible targets and greed, and a mindset that won’t force you to keep trading when it’s time to step away from the computer.

    By deeply researching the factors that affect pricing and continuous education in the commodity markets, the leverage in futures trading could create large gains as well as losses.

    There is a substantial risk of loss in trading commodity futures, options, and off-exchange foreign currency products.

    Past performance is not indicative of future results.

     

  • Tuesday Morning Support and Resistance Numbers

    If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

    Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

    Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

    Contract (June) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note
    Resistance Level 3 ——————————————Resistance Level 2

    ——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    1334.81328.75

     

    1318.5

     

    1312

     

    1307.5

     

    1299.75

    26092575

     

    2557

     

    2532

     

    2521

     

    2499

    1267812567

     

    12549

     

    12467

     

    12438

     

    12387

    775.4768.6

     

    764

     

    759.8

     

    756.7

     

    751.2

    1480014717

     

    14709

     

    14624

     

    14605

     

    14511

    13319.513314.5

     

    13312

     

    13303.5

     

    13223

     

    13212

    Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

    Contract Jun. 12 Gold Jul 12 Silver Jul 12 Copper Jul 12 Crude Oil Jun 12 Euro Currency Jun 12 Dollar Index
    Resistance Level 3 —————————————— Resistance Level 2

    ——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    15991588.6

     

    1585.5

     

    1571.3

     

    1562.8

     

    1554.8

    28.5328.42

     

    28.31

     

    28.07

     

    27.81

     

    27.55

    3.5723.559

     

    3.539

     

    3.497

     

    3.484

     

    3.472

    95.0393.76

     

    92.85

     

    92.49

     

    91.96

     

    81.12

    1.29651.2889

     

    1.2804

     

    1.2735

     

    1.2713

     

    1.2644

    0.81930.8159

     

    0.8148

     

    0.8132

     

    0.8121

     

    0.8105

    1224.25
    1216.25
    1213.25
    1192.00
    1185.50
    1180.75
    1218.75
    1201.75
    1199
    1191.25
    1183.5
    1176.75
  • STOPS: Why Don’t We Keep Them | Support and Resistance Levels

    Jump to a section in this post:
    1. Market Commentary
    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
    3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
    5. Economic Reports for Thursday May 10, 2012

     

    Hello Traders,

    We published this article a good few months back BUT I think this subject is worth revisiting almost on a weekly basis…STOPS.

    STOPS: Why Don’t We Keep Them

    by RealityTrader on Jan 19, 2011

    With everything said and written on the subject of stops, it should be a given that everyone is conditioned to keep them religiously even before they start trading. No matter what source a newer trader turns to, utter importance of stops will be underlined and emphasized up to the degree that keeping them heralded as the ultimate key to success. We all heard adages like “Take care of your losses, profits will take care of themselves.”

    Do all the stern warnings work? Not really.

    Time and again traders blow their stops, widen them in the course of a trade, hold losing position in the false hope for recovery. If this destructive behavior continues despite all the warnings, there must be deeply rooted reasons for this. As with most trading flaws, failure to keep stops roots in fundamental misconceptions about the very nature of the market and trading. Such misconceptions result in incorrect psychological makeup which, in turn, creates behavioral patterns harmful for a trader’s performance. In order to re-condition oneself it is necessary to work out fundamental, even philosophical if you will, understanding of the market as an environment in which a trader operates.

    Let us list and analyze the misconceptions that cause failure to keep stops.

    Right action must result in profit.
    This misconception stems from misunderstanding of the very nature of the market as an uncertain environment. Newer trader sees a market as a conglomerate of firm links between reasons and outcomes. In such a conglomerate, every reason results in single possible outcome. The simplest case of such link would be “good news – up, bad news – down”. We know it’s not true – price reacts to news in a wide variety of ways.

    Similarly, an inexperienced trader applying the setup he knows “should work” expects every trade to be a winner, providing that all the components of the setup are right. Have you ever heard complaints like “Everything was exactly like in that book, yet the trade failed”? That is direct result of this misunderstanding. Everything may be right, yet the trade fails – just because markets work in probabilities and not in certainties.

    If a system produces certain percentage of wins over time, it’s just statistics – and, as it is always the case with statistics, it cannot predict an outcome of a particular trade. No matter how good the setup is, any given trade can fail. That’s why it’s imperative for a trader to distinguish between two kinds of losses.

    The first kind is a loss caused by a trader’s mistake – failure to follow all the rules of system applied, or impulsive entry without any reason at all. Such losses must be taken as a lesson. The second kind is the case where every piece of puzzle was in place, yet the trade failed – such losses must be written off as a part of trading game, as a tribute to uncertainty of the markets.

    Of course, if you identify a component of your trading system that regularly causes trade failure, you can and should tweak your system in order to minimize failures. However, during a trade a stop must be taken as soon as signal of failure appears. The line of thinking “The setup was so good, it must work eventually” is a disaster waiting to happen.
    Failure to perceive the market as an uncertain environment can result in another misconception:
    Losses can be eliminated.
    In a paradoxical way, this erroneous notion leads to more losses. A trader tweaks his system endlessly trying to get rid of losses completely. In such constant adjusting and re-adjusting, the system evolves into something totally different, losing its original logic, or even ceases producing entry signals at all. As a result, a trader either abandons his system, which was not a bad one to begin with or, in a worst case, simply refuses to take losses. After all, he made his system so perfect by eliminating all the reasons for failures, it just MUST work! Meanwhile, had he stayed with original approach, maybe with some minor tweaks, it would continue producing steady results.

    My trade is who I am.
    This is one of those hidden subconscious misconceptions that cause us to refuse to take our stop. A trader perceives the result of his trade as a reflection of his personality, his abilities. A trade failure makes him feel as though he is a failure. Winning makes him feel “right”, while losing makes him feel being “wrong.” Nobody likes to be a failure, to be wrong. That’s why, in order to avoid being wrong, we refuse to take our stop. Remember that you can be right and still lose on this particular trade. You can be wrong and win, too.

    It’s important to differ between good and bad trade, and we will be back to this later, in the Random reinforcement part. At this point it’s important to separate your self-perception from the result of your trade. Taking a stop loss, you are stopping your loss from growing – there is nothing foolish about that. The major trigger for the right approach here is a realization that by accepting the market as an uncertain environment, we automatically accept the possibility of losses. If we don’t expect the market to work in our favor every time, there is no reason to feel foolish when it doesn’t.

    A loss is just a paper loss until it’s taken.
    This is a big mistake in thinking. If a loss gets out of hand, it’s very real. It paralyzes you, it clouds your judgment, and it makes you miss other opportunities. Instead of taking a pre-determined loss and moving on to another trade, you sit and watch your losing one, twitching in pain and feeling remorse. Your chance to take a small stop is long gone. You are agonizing now over big one that is going to deplete your account too much and inflict serious emotional wounds. You hardly notice any other opportunities. The market has moved on, other sectors and stocks are in play, and you still nurture your losing trade, hating it and not being able to finally drop it. At some point you will ask yourself “Why was this trade so important to me? What made me hold onto it?” And this takes us to the next common error:

    Putting too much importance into single trade.

    A newer trader tends to see each trade as overly important, as if it’s going to make or break him. The market is an endless stream of opportunities. The next trade is right around the corner. No single trade is so important that it would be worth abandoning all other opportunities. Perceive your trading as a process, not as separate events. With the correct approach trading becomes natural, like breathing. Each entry is inhale, each exit is exhale. Breathe in and breathe out. Don’t choke yourself trying to hold onto each given breath.

    Random reinforcement.
    This is an important concept to understand. The market is not always rewarding right decisions and punishing bad ones. The practical implication is that a trader runs a risk to stop applying proper techniques if he sees wrong ones being rewarded sometimes. Take a stop, observe a stock reversing and going into profit zone – and you get tempted to skip your stop next time. If you try it and it works, there is significant chance that you continue doing just that – the bad habit gets reinforced. You may win several times by breaking your rules. What happens eventually is that one trade that does not reverse destroys your account. It’s important to define what good and bad trades are. Unlike many think, a good trade is not always a winning trade; a bad trade is not always a losing trade.

    – A good trade is a trade where you kept all your rules that you know to be working in a long run. A good trade can be a winning one when the market acts accordingly to what your system indicates. It can be a losing trade when the market acts against it, but it’s still a good trade.

    – A bad trade is a trade made against your better judgment, against your rules. It can be a losing trade when a market acts as it “should.” It can be a winning trade when the market rewards your bad judgment, and it can be a very dangerous trap as a bad habit gets reinforced.

    The last thing to say in conclusion is that a certain psychological barrier for a trader to overcome to start applying his stops with no hesitation. When this barrier is overtaken, things suddenly become so clear and automatic that a trader can’t even believe it was ever a problem for him. When this barrier is overcome, you feel that stops became natural part of your trading, that you take them with no slightest hesitation and forget about them instantly, moving on to search for your next trade, that taking stops do not trigger any negative emotions. This is wonderful feeling of total self-control. Not only will it do plenty of good to your trading performance, it’s a very rewarding feeling in itself.

    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.

    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

    Contract (June 2012) SP500
    (big & Mini)
    Nasdaq100
    (big & Mini)
    Dow Jones
    (big & Mini)
    Mini Russell Dollar Index
    Resistance 3 1373.23 2660.33 12957 807.10 80.64
    Resistance 2 1367.97 2645.67 12918 800.80 80.49
    Resistance 1 1362.23 2631.83 12867 795.40 80.39
    Pivot 1356.97 2617.17 12828 789.10 80.24
    Support 1 1351.23 2603.33 12777 783.70 80.13
    Support 2 1345.97 2588.67 12738 777.40 79.98
    Support 3 1340.23 2574.83 12687 772.00 79.88

    3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

    Contract June Gold June Euro June Crude Oil June Bonds
    Resistance 3 1620.4 1.3034 99.26 145 13/32
    Resistance 2 1611.3 1.3008 98.48 144 29/32
    Resistance 1 1603.2 1.2978 97.65 144 19/32
    Pivot 1594.1 1.2952 96.87 144 3/32
    Support 1 1586.0 1.2922 96.04 143 25/32
    Support 2 1576.9 1.2896 95.26 143 9/32
    Support 3 1568.8 1.2866 94.43 142 31/32

    4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

    Contract July Corn July Wheat July Beans July Silver
    Resistance 3 616.0 608.2 1470.00 2989.2
    Resistance 2 609.5 605.1 1463.75 2967.3
    Resistance 1 598.5 603.2 1459.50 2937.7
    Pivot 592.0 600.1 1453.25 2915.8
    Support 1 581.0 598.2 1449.0 2886.2
    Support 2 574.5 595.1 1442.75 2864.3
    Support 3 563.5 593.2 1438.50 2834.7


    5. Economic Reports

    2:00am EUR
    German Final CPI m/m

    8:30am USD
    PPI m/m

    8:30am USD
    Core PPI m/m

    9:55am USD
    Prelim UoM Consumer Sentiment

    9:55am USD
    Prelim UoM Inflation Expectations


  • Thursday Morning Support and Resistance Numbers

    If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

    Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

    Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

    Contract (June) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note
    Resistance Level 3 ——————————————Resistance Level 2

    ——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    1397.751394

     

    1387.5

     

    1377.75

     

    1373

     

    1368.75

    27282708

     

    2688.5

     

    2691

     

    2680

     

    2659

    1318913070

     

    13017

     

    12975

     

    12918

     

    12866

    823.7815.30

     

    814.70

     

    806.50

     

    802.10

     

    798.20

    1432614316

     

    14304

     

    14213

     

    14206

     

    13124

    1321713210.5

     

    13204.5

     

    13128.5

     

    13124.5

     

    13117.5

    Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

    Contract Jun. 12 Gold May 12 Silver May 12 Copper Jun 12 Crude Oil Jun 12 Euro Currency Jun 12 Dollar Index
    Resistance Level 3 —————————————— Resistance Level 2

    ——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    1668.81659.2

     

    1656.1

     

    1648

     

    1643.6

     

    1636

    31.631.31

     

    30.98

     

    30.58

     

    30.35

     

    29.99

    3.8183.772

     

    3.754

     

    3.71

     

    3.686

     

    3.645

    105.61105.07

     

    104.68

     

    103.84

     

    103.46

     

    102.77

    1.33911.3301

     

    1.3255

     

    1.3199

     

    1.3164

     

    1.3133

    0.79640.7947

     

    0.7927

     

    0.799

     

    0.788

     

    0.7812

    1224.25
    1216.25
    1213.25
    1192.00
    1185.50
    1180.75
    1218.75
    1201.75
    1199
    1191.25
    1183.5
    1176.75
  • Chart from Webinar | Support and Resistance Levels

    Jump to a section in this post:
    1. Market Commentary
    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
    3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
    5.Economic Report for February 23, 2012

    Hello Traders,

    From today’s webinar, screen shot for your review:

    Market Commentary

    To sign up for a free trail of this daily webinar, please visit:

    https://www.cannontrading.com/education-day-trading-webinar.php

    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

    Contract (Dec. 2011) SP500
    (big & Mini)
    Nasdaq100
    (big & Mini)
    Dow Jones
    (big & Mini)
    Mini Russell
    Resistance Level 3 1367.57 2607.50 13001 834.00
    Resistance Level 2 1364.13 2600.25 12975 829.90
    Resistance Level 1 1360.07 2589.50 12946 822.90
    Pivot Point 1356.63 2582.25 12920 818.80
    Support Level 1 1352.57 2571.50 12891 811.80
    Support Level 2 1349.13 2564.25 12865 807.70
    Support Level 3 1345.07 2553.50 12836 800.70

    3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

    Contract April. Gold March Euro Feb. Crude Oil March. Bonds
    Resistance Level 3 1823.9 1.3327 107.77 144 9/32
    Resistance Level 2 1803.7 1.3298 107.24 143 12/32
    Resistance Level 1 1791.2 1.3271 106.66 142 27/32
    Pivot Point 1771.0 1.3242 106.13 141 30/32
    Support Level 1 1758.5 1.3215 105.55 141 13/32
    Support Level 2 1738.3 1.3186 105.02 140 16/32
    Support Level 3 1725.8 1.3159 104.44 139 31/32

    4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

    Contract March Corn March Wheat March Beans March. Silver
    Resistance Level 3 652.5 661.7 1287.00 3517.5
    Resistance Level 2 645.8 653.3 1279.75 3483.5
    Resistance Level 1 642.0 648.9 1276.00 3458.0
    Pivot Point 635.3 640.6 1268.75 3424.0
    Support Level 1 631.5 636.2 1265.0 3398.5
    Support Level 2 624.8 627.8 1257.75 3364.5
    Support Level 3 621.0 623.4 1254.00 3339.0


    5. Economic Reports

    8:30am USD
    Unemployment Claims

    10:00am USD
    OFHEO HPI m/m

    10:30am USD
    Natural Gas Storage

    11:00am USD
    Crude Oil Inventories

  • Thursday Morning Support and Resistance

    Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

    Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

    Contract (Mar. 2012) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note
    Resistance Level 3——————————————Resistance Level 2

    ——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    1373.51369.5

     

    1363.25

     

    1353

     

    1351.75

     

    1347.5

    2622.52611

     

    2602

     

    2575

     

    2560

     

    2543

    1315313101

     

    13024

     

    12891

     

    12864

     

    12700

    835.80827.6

     

    822.5

     

    814.3

     

    810.2

     

    806.5

    1422414213

     

    14202

     

    14117

     

    14031

     

    14023

    13111.513107.5

     

    13029

     

    13021

     

    13012

     

    13007.5

    Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

    Contract Apr. 12 Gold Mar. 12 Silver Mar. 12 Copper Mar. 12 Crude Oil Mar. 12 Euro Currency Mar. 12 Dollar Index
    Resistance Level 3——————————————Resistance Level 2

    ——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    1804.41791.5

     

    1786.2

     

    1764.1

     

    1753.9

     

    1744.9

    35.735.35

     

    34.92

     

    34.3

     

    34.00

     

    33.75

    3.913.876

     

    3.852

     

    3.812

     

    3.791

     

    3.773

    109.38107.31

     

    106.8

     

    103.96

     

    102.46

     

    101.12

    1.34341.3325

     

    1.3371

     

    1.3251

     

    1.3203

     

    1.3115

    0.79690.7935

     

    0.7917

     

    0.7881

     

    0.7872

     

    0.7845

    1224.25
    1216.25
    1213.25
    1192.00
    1185.50
    1180.75
    1218.75
    1201.75
    1199
    1191.25
    1183.5
    1176.75
  • WEEKLY chart of Mini SP 500 | Support and Resistance Levels

    Jump to a section in this post:
    1. Market Commentary
    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
    3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
    5.Economic Report for February 22, 2012

    1. Market Commentary

    Hello Traders,
    We came back fro President’s Day long weekend to find crude up over $2.00.
    Gold followed on the same uncertainties and finished up $35
    Our stock market on the other hand, finished unchanged on another less than avg. volume.
    WEEKLY chart of mini SP 500 for your review below. We are trading against the high from last May and it will be interesting to see what type of price action and volume we will see here.

    Market Commentary

    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

    Contract (Dec. 2011) SP500
    (big & Mini)
    Nasdaq100
    (big & Mini)
    Dow Jones
    (big & Mini)
    Mini Russell
    Resistance Level 3 1374.50 2592.33 13053 845.00
    Resistance Level 2 1370.00 2597.67 13017 838.80
    Resistance Level 1 1365.00 2564.33 12978 830.40
    Pivot Point 1360.50 2569.67 12942 824.20
    Support Level 1 1355.50 2536.33 12903 815.80
    Support Level 2 1351.00 2541.67 12867 809.60
    Support Level 3 1346.00 2508.33 12828 801.20

    3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

    Contract April. Gold March Euro Feb. Crude Oil March. Bonds
    Resistance Level 3 1800.5 1.3404 108.72 142 30/32
    Resistance Level 2 1781.1 1.3350 107.60 142 14/32
    Resistance Level 1 1771.0 1.3296 106.85 141 30/32
    Pivot Point 1751.6 1.3242 105.73 141 14/32
    Support Level 1 1741.5 1.3188 104.98 140 30/32
    Support Level 2 1722.1 1.3134 103.86 140 14/32
    Support Level 3 1712.0 1.3080 103.11 139 30/32

    4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

    Contract March Corn March Wheat March Beans March. Silver
    Resistance Level 3 646.9 649.3 1291.67 3575.2
    Resistance Level 2 641.8 643.7 1283.33 3510.8
    Resistance Level 1 635.7 638.3 1277.17 3473.7
    Pivot Point 630.6 632.7 1268.83 3409.3
    Support Level 1 624.4 627.3 1262.7 3372.2
    Support Level 2 619.3 621.7 1254.33 3307.8
    Support Level 3 613.2 616.3 1248.17 3270.7


    5. Economic Reports

    3:00am EUR
    French Flash Services PMI

    3:30am EUR
    German Flash Manufacturing PMI

    3:30am EUR
    German Flash Services PMI

    4:00am EUR
    Flash Manufacturing PMI

    4:00am EUR
    Flash Services PMI

    5:00am EUR
    Industrial New Orders m/m

    9:00am EUR
    Belgium NBB Business Climate

    10:00am USD
    Existing Home Sales

  • Friday Morning Support and Resistance Numbers

    Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

    Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

    Contract (Mar. 2012) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note
    Resistance Level 3—————————————— Resistance Level 2——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    13751363.75

     

    1359.5

     

    1356

     

    1352

     

    1345.25

    2622.52611

     

    2600

     

    2583

     

    2576

     

    2563

    1302713001

     

    12931

     

    12873

     

    12842

     

    12788

    848.50843.4

     

    832

     

    824.9

     

    821.6

     

    818.70

    1430114216

     

    14207

     

    14122

     

    14117

     

    14023

    1310513101.5

     

    13028.5

     

    13018

     

    13007.5

     

    12926

    Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

    Contract Apr. 12 Gold Mar. 12 Silver Mar. 12 Copper Mar. 12 Crude Oil Mar. 12 Euro Currency Mar. 12 Dollar Index
    Resistance Level 3—————————————— Resistance Level 2——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    1755.51743.2

     

    1736.3

     

    1730

     

    1725.7

     

    1718.4

    34.0633.8

     

    33.58

     

    33.42

     

    33.28

     

    33.16

    3.8593.828

     

    3.793

     

    3.769

     

    3.728

     

    3.702

    105.29104.1

     

    103.89

     

    102.35

     

    101.53

     

    100.81

    1.33251.3218

     

    1.3199

     

    1.3143

     

    1.3113

     

    1.3087

    0.79860.7963

     

    0.7949

     

    0.7925

     

    0.7911

     

    0.7901

    1224.25
    1216.25
    1213.25
    1192.00
    1185.50
    1180.75
    1218.75
    1201.75
    1199
    1191.25
    1183.5
    1176.75
  • Holiday Announcement | Support and Resistance Levels

    Jump to a section in this post:
    1. Market Commentary
    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
    3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
    5.Economic Report for February 17, 2012

    1. Market Commentary

    Check out our holiday trading hours here.

    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

    Contract (Dec. 2011) SP500
    (big & Mini)
    Nasdaq100
    (big & Mini)
    Dow Jones
    (big & Mini)
    Mini Russell
    Resistance Level 3 1379.63 2651.00 13033 857.83
    Resistance Level 2 1368.32 2623.00 12962 843.37
    Resistance Level 1 1361.53 2607.00 12918 835.23
    Pivot Point 1350.22 2579.00 12847 820.77
    Support Level 1 1343.43 2563.00 12803 812.63
    Support Level 2 1332.12 2535.00 12732 798.17
    Support Level 3 1325.33 2519.00 12688 790.03

    3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

    Contract April. Gold March Euro Feb. Crude Oil March. Bonds
    Resistance Level 3 1763.5 1.3396 104.90 145 3/32
    Resistance Level 2 1747.5 1.3278 103.79 144 12/32
    Resistance Level 1 1738.6 1.3210 103.05 143 13/32
    Pivot Point 1722.6 1.3092 101.94 142 22/32
    Support Level 1 1713.7 1.3024 101.20 141 23/32
    Support Level 2 1697.7 1.2906 100.09 141
    Support Level 3 1688.8 1.2838 99.35 140 1/32

    4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

    Contract March Corn March Wheat March Beans March. Silver
    Resistance Level 3 650.5 635.3 1269.50 3473.5
    Resistance Level 2 643.8 632.9 1266.75 3414.5
    Resistance Level 1 640.0 630.8 1262.50 3382.0
    Pivot Point 633.3 628.4 1259.75 3323.0
    Support Level 1 629.5 626.3 1255.5 3290.5
    Support Level 2 622.8 623.9 1252.75 3231.5
    Support Level 3 619.0 621.8 1248.50 3199.0


    5. Economic Reports

    8:30am USD
    Core CPI m/m

    8:30am USD
    CPI m/m

    10:00am USD
    CB Leading Index m/m

  • Thursday Morning Support and Resistance

    Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

    Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

    Contract (Mar. 2012) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note
    Resistance Level 3—————————————— Resistance Level 2——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    13541348.75

     

    1343.25

     

    1348.75

     

    1343

     

    1337.75

    26002578

     

    2565

     

    2543

     

    2535

     

    2515

    1293112842

     

    12788

     

    12757

     

    12703

     

    12649

    832.00822.2

     

    816.1

     

    810.3

     

    806.5

     

    792.20

    1440614327

     

    14321

     

    14221

     

    14209

     

    14129

    1312613124.5

     

    13118.5

     

    13110

     

    13105.5

     

    13100

    Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

    Contract Apr. 12 Gold Mar. 12 Silver Mar. 12 Copper Mar. 12 Crude Oil Mar. 12 Euro Currency Mar. 12 Dollar Index
    Resistance Level 3—————————————— Resistance Level 2——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    1736.31729.3

     

    1721.5

     

    1706.7

     

    1695.9

     

    1679.3

    33.833.36

     

    33.11

     

    32.64

     

    32.24

     

    31.54

    3.9113.863

     

    3.835

     

    3.722

     

    3.702

     

    3.613

    102.98102.54

     

    102.06

     

    100.76

     

    99.82

     

    98.15

    1.3151.3108

     

    1.3062

     

    1.3027

     

    1.2976

     

    1.2893

    0.80660.8051

     

    0.8024

     

    0.7978

     

    0.7954

     

    0.7933

    1224.25
    1216.25
    1213.25
    1192.00
    1185.50
    1180.75
    1218.75
    1201.75
    1199
    1191.25
    1183.5
    1176.75
  • New Video | Support and Resistance Levels

    Jump to a section in this post:
    1. Market Commentary
    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
    3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
    5.Economic Report for February 15, 2012

    1. Market Commentary

    Hello Traders,

    About 6-7 minutes video is now posted on how to use the trailing stop feature in our AT ( Active Trader) platform, along with small example of how I use overbought/ oversold conditions along with support and resistance to enter trades.

    Any feedback is welcomed as we plan on producing additional educational videos

     

    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

    Contract (Dec. 2011) SP500
    (big & Mini)
    Nasdaq100
    (big & Mini)
    Dow Jones
    (big & Mini)
    Mini Russell
    Resistance Level 3 1356.83 2587.17 12903 835.20
    Resistance Level 2 1351.77 2577.83 12862 830.10
    Resistance Level 1 1348.13 2572.67 12838 823.40
    Pivot Point 1343.07 2563.33 12797 818.30
    Support Level 1 1339.43 2558.17 12773 811.60
    Support Level 2 1334.37 2548.83 12732 806.50
    Support Level 3 1330.73 2543.67 12708 799.80

    3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

    Contract April. Gold March Euro Feb. Crude Oil March. Bonds
    Resistance Level 3 1744.4 1.3329 103.37 144 31/32
    Resistance Level 2 1737.1 1.3274 102.60 144 9/32
    Resistance Level 1 1728.3 1.3191 101.81 143 27/32
    Pivot Poing 1721.0 1.3136 101.04 143 5/32
    Support Level 1 1712.2 1.3053 100.25 142 23/32
    Support Level 2 1704.9 1.2998 99.48 142 1/32
    Support Level 3 1696.1 1.2915 98.69 141 19/32

    4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

    Contract March Corn March Wheat March Beans March. Silver
    Resistance Level 3 647.1 647.2 1272.50 3436.2
    Resistance Level 2 643.7 644.3 1267.00 3410.3
    Resistance Level 1 638.6 639.7 1261.00 3377.2
    Pivot Point 635.2 636.8 1255.50 3351.3
    Support Level 1 630.1 632.2 1249.5 3318.2
    Support Level 2 626.7 629.3 1244.00 3292.3
    Support Level 3 621.6 624.7 1238.00 3259.2


    5. Economic Reports

    2:00am EUR
    German Prelim GDP q/q

    4:00am EUR
    Italian Prelim GDP q/q

    All Day EUR
    ECOFIN Meetings

    5:00am EUR
    Flash GDP q/q

    5:00am EUR
    Trade Balance

    8:30am USD
    Empire State Manufacturing Index

    9:00am USD
    TIC Long-Term Purchases

    9:15am USD
    Capacity Utilization Rate

    9:15am USD
    Industrial Production m/m

    10:00am USD
    NAHB Housing Market Index

    10:30am USD
    Crude Oil Inventories

    2:00pm USD
    FOMC Meeting Minutes

  • Tuesday Morning Support and Resistance Numbers

    Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

    Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

    Contract (Mar. 2012) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note
    Resistance Level 3—————————————— Resistance Level 2——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    13641358.75

     

    1353

     

    1345.25

     

    1340.75

     

    1333.75

    26482583.50

     

    2575

     

    2559

     

    2550

     

    2535

    1300112894

     

    12866

     

    12804

     

    12783

     

    12734

    843.40832

     

    825

     

    819.5

     

    815.9

     

    810.3

    1440614321

     

    14303

     

    14217

     

    14207

     

    14120

    1312613121.5

     

    13116

     

    13104

     

    13031.5

     

    13028.5

    Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

    Contract Apr. 12 Gold Mar. 12 Silver Mar. 12 Copper Mar. 12 Crude Oil Mar. 12 Euro Currency Mar. 12 Dollar Index
    Resistance Level 3—————————————— Resistance Level 2——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    1737.21728.2

     

    1722.7

     

    1713.8

     

    1706.4

     

    1685.7

    34.5234

     

    33.85

     

    33.33

     

    33.17

     

    32.93

    3.8933.869

     

    3.844

     

    3.794

     

    3.763

     

    3.722

    102.98102.06

     

    101.65

     

    100.09

     

    99.27

     

    98.54

    1.33251.3249

     

    1.3203

     

    1.314

     

    1.3091

     

    1.3027

    0.79810.7947

     

    0.7933

     

    0.792

     

    0.7906

     

    0.7882

    1224.25
    1216.25
    1213.25
    1192.00
    1185.50
    1180.75
    1218.75
    1201.75
    1199
    1191.25
    1183.5
    1176.75
  • STOPS: Why Don’t We Keep Them | Support and Resistance Levels

    Jump to a section in this post:
    1. Market Commentary
    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
    3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
    5.Economic Report for February 10, 2012

    1. Market Commentary

    Hello Traders,

    Wishing everyone a great weekend and good trading week to come.

    Another article we published before but the information is timeless, for your weekend reading pleasure:

    STOPS: Why Don’t We Keep Them
    by RealityTrader on Jan 19, 2011

    With everything said and written on the subject of stops, it should be a given that everyone is conditioned to keep them religiously even before they start trading. No matter what source a newer trader turns to, utter importance of stops will be underlined and emphasized up to the degree that keeping them heralded as the ultimate key to success. We all heard adages like “Take care of your losses, profits will take care of themselves.”

    Do all the stern warnings work? Not really.

    Time and again traders blow their stops, widen them in the course of a trade, hold losing position in the false hope for recovery. If this destructive behavior continues despite all the warnings, there must be deeply rooted reasons for this. As with most trading flaws, failure to keep stops roots in fundamental misconceptions about the very nature of the market and trading. Such misconceptions result in incorrect psychological makeup which, in turn, creates behavioral patterns harmful for a trader’s performance. In order to re-condition oneself it is necessary to work out fundamental, even philosophical if you will, understanding of the market as an environment in which a trader operates.

    Let us list and analyze the misconceptions that cause failure to keep stops.

    Right action must result in profit.
    This misconception stems from misunderstanding of the very nature of the market as an uncertain environment. Newer trader sees a market as a conglomerate of firm links between reasons and outcomes. In such a conglomerate, every reason results in single possible outcome. The simplest case of such link would be “good news – up, bad news – down”. We know it’s not true – price reacts to news in a wide variety of ways.

    Similarly, an inexperienced trader applying the setup he knows “should work” expects every trade to be a winner, providing that all the components of the setup are right. Have you ever heard complaints like “Everything was exactly like in that book, yet the trade failed”? That is direct result of this misunderstanding. Everything may be right, yet the trade fails – just because markets work in probabilities and not in certainties.

    If a system produces certain percentage of wins over time, it’s just statistics – and, as it is always the case with statistics, it cannot predict an outcome of a particular trade. No matter how good the setup is, any given trade can fail. That’s why it’s imperative for a trader to distinguish between two kinds of losses.

    The first kind is a loss caused by a trader’s mistake – failure to follow all the rules of system applied, or impulsive entry without any reason at all. Such losses must be taken as a lesson. The second kind is the case where every piece of puzzle was in place, yet the trade failed – such losses must be written off as a part of trading game, as a tribute to uncertainty of the markets.

    Of course, if you identify a component of your trading system that regularly causes trade failure, you can and should tweak your system in order to minimize failures. However, during a trade a stop must be taken as soon as signal of failure appears. The line of thinking “The setup was so good, it must work eventually” is a disaster waiting to happen.

    Failure to perceive the market as an uncertain environment can result in another misconception:
    Losses can be eliminated.
    In a paradoxical way, this erroneous notion leads to more losses. A trader tweaks his system endlessly trying to get rid of losses completely. In such constant adjusting and re-adjusting, the system evolves into something totally different, losing its original logic, or even ceases producing entry signals at all. As a result, a trader either abandons his system, which was not a bad one to begin with or, in a worst case, simply refuses to take losses. After all, he made his system so perfect by eliminating all the reasons for failures, it just MUST work! Meanwhile, had he stayed with original approach, maybe with some minor tweaks, it would continue producing steady results.

    My trade is who I am.
    This is one of those hidden subconscious misconceptions that cause us to refuse to take our stop. A trader perceives the result of his trade as a reflection of his personality, his abilities. A trade failure makes him feel as though he is a failure. Winning makes him feel “right”, while losing makes him feel being “wrong.” Nobody likes to be a failure, to be wrong. That’s why, in order to avoid being wrong, we refuse to take our stop. Remember that you can be right and still lose on this particular trade. You can be wrong and win, too.

    It’s important to differ between good and bad trade, and we will be back to this later, in the Random reinforcement part. At this point it’s important to separate your self-perception from the result of your trade. Taking a stop loss, you are stopping your loss from growing – there is nothing foolish about that. The major trigger for the right approach here is a realization that by accepting the market as an uncertain environment, we automatically accept the possibility of losses. If we don’t expect the market to work in our favor every time, there is no reason to feel foolish when it doesn’t.

    A loss is just a paper loss until it’s taken.
    This is a big mistake in thinking. If a loss gets out of hand, it’s very real. It paralyzes you, it clouds your judgment, and it makes you miss other opportunities. Instead of taking a pre-determined loss and moving on to another trade, you sit and watch your losing one, twitching in pain and feeling remorse. Your chance to take a small stop is long gone. You are agonizing now over big one that is going to deplete your account too much and inflict serious emotional wounds. You hardly notice any other opportunities. The market has moved on, other sectors and stocks are in play, and you still nurture your losing trade, hating it and not being able to finally drop it. At some point you will ask yourself “Why was this trade so important to me? What made me hold onto it?” And this takes us to the next common error:

    Putting too much importance into single trade.

    A newer trader tends to see each trade as overly important, as if it’s going to make or break him. The market is an endless stream of opportunities. The next trade is right around the corner. No single trade is so important that it would be worth abandoning all other opportunities. Perceive your trading as a process, not as separate events. With the correct approach trading becomes natural, like breathing. Each entry is inhale, each exit is exhale. Breathe in and breathe out. Don’t choke yourself trying to hold onto each given breath.

    Random reinforcement.
    This is an important concept to understand. The market is not always rewarding right decisions and punishing bad ones. The practical implication is that a trader runs a risk to stop applying proper techniques if he sees wrong ones being rewarded sometimes. Take a stop, observe a stock reversing and going into profit zone – and you get tempted to skip your stop next time. If you try it and it works, there is significant chance that you continue doing just that – the bad habit gets reinforced. You may win several times by breaking your rules. What happens eventually is that one trade that does not reverse destroys your account. It’s important to define what good and bad trades are. Unlike many think, a good trade is not always a winning trade; a bad trade is not always a losing trade.

    – A good trade is a trade where you kept all your rules that you know to be working in a long run. A good trade can be a winning one when the market acts accordingly to what your system indicates. It can be a losing trade when the market acts against it, but it’s still a good trade.

    – A bad trade is a trade made against your better judgment, against your rules. It can be a losing trade when a market acts as it “should.” It can be a winning trade when the market rewards your bad judgment, and it can be a very dangerous trap as a bad habit gets reinforced.

    The last thing to say in conclusion is that a certain psychological barrier for a trader to overcome to start applying his stops with no hesitation. When this barrier is overtaken, things suddenly become so clear and automatic that a trader can’t even believe it was ever a problem for him. When this barrier is overcome, you feel that stops became natural part of your trading, that you take them with no slightest hesitation and forget about them instantly, moving on to search for your next trade, that taking stops do not trigger any negative emotions. This is wonderful feeling of total self-control. Not only will it do plenty of good to your trading performance, it’s a very rewarding feeling in itself.

    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

     

    Contract (Dec. 2011) SP500
    (big & Mini)
    Nasdaq100
    (big & Mini)
    Dow Jones
    (big & Mini)
    Mini Russell
    Resistance Level 3 1346.50 2566.00 12797 832.60
    Resistance Level 2 1343.15 2558.00 12773 827.70
    Resistance Level 1 1340.20 2551.00 12757 820.10
    Pivot Point 1336.85 2543.00 12733 815.20
    Support Level 1 1333.90 2536.00 12717 807.60
    Support Level 2 1330.55 2528.00 12693 802.70
    Support Level 3 1327.60 2521.00 12677 795.10

    3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

    Contract April. Gold March Euro Feb. Crude Oil March. Bonds
    Resistance Level 3 1768.1 1.3393 102.70 144 21/32
    Resistance Level 2 1752.6 1.3343 101.29 143 26/32
    Resistance Level 1 1737.3 1.3258 100.13 143 10/32
    Pivot Point 1721.8 1.3208 98.72 142 15/32
    Support Level 1 1706.5 1.3123 97.56 141 31/32
    Support Level 2 1691.0 1.3073 96.15 141 4/32
    Support Level 3 1675.7 1.2988 94.99 140 20/32

     

    4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

    Contract March Corn March Wheat March Beans March. Silver
    Resistance Level 3 647.3 646.5 1248.83 3488.3
    Resistance Level 2 642.9 642.5 1239.67 3447.2
    Resistance Level 1 637.3 636.3 1234.33 3399.3
    Pivot Point 632.9 632.3 1225.17 3358.2
    Support Level 1 627.3 626.0 1219.8 3310.3
    Support Level 2 622.9 622.0 1210.67 3269.2
    Support Level 3 617.3 615.8 1205.33 3221.3


    5. Economic Reports

    FOMC Member Williams Speaks
    9:45am

  • March Crude Oil Futures | Support and Resistance Levels

    Jump to a section in this post:
    1. Market Commentary
    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
    3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
    5.Economic Report for February 10, 2012

    1. Market Commentary

    Hello Traders,

    With stock index futures being relatively quiet, I am sharing a daily chart of March Crude Oil futures where volatility is still present.

    My outlook on the daily chart is that a break above the trend line seen ( 100.34) can trigger more upside potential. On the other hand failure and a break of 98 going down can trigger new lows.

    Market Commentary

    Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above

    and be able to apply for any market and any time frame on your own PC ? You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.

    If so, please send me an email with the following information:
    1. Are you currently trading futures?
    2. Charting software you use?
    3. If you use sierra or ATcharts, please let me know the user name so I can enable you
    4. Markets you currently trading?

    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

    Contract (Dec. 2011) SP500
    (big & Mini)
    Nasdaq100
    (big & Mini)
    Dow Jones
    (big & Mini)
    Mini Russell
    Resistance Level 3 1363.00 2599.00 12957 843.33
    Resistance Level 2 1357.05 2582.50 12918 837.27
    Resistance Level 1 1352.90 2571.50 12887 830.13
    Pivot Point 1346.95 2555.00 12848 824.07
    Support Level 1 1342.80 2544.00 12817 816.93
    Support Level 2 1336.85 2527.50 12778 810.87
    Support Level 3 1332.70 2516.50 12747 803.73

    3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

    Contract April. Gold March Euro Feb. Crude Oil March. Bonds
    Resistance Level 3 1775.6 1.3443 101.90 143 11/32
    Resistance Level 2 1765.6 1.3384 101.04 142 20/32
    Resistance Level 1 1748.2 1.3334 100.38 142 4/32
    Pivot Point 1738.2 1.3275 99.52 141 13/32
    Support Level 1 1720.8 1.3225 98.86 140 29/32
    Support Level 2 1710.8 1.3166 98.00 140 6/32
    Support Level 3 1693.4 1.3116 97.34 139 22/32

    4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

    Contract March Corn March Wheat March Beans March. Silver
    Resistance Level 3 667.3 673.3 1266.00 3508.3
    Resistance Level 2 659.7 667.7 1256.50 3476.7
    Resistance Level 1 648.3 656.8 1242.00 3430.8
    Pivot Point 640.7 651.2 1232.50 3399.2
    Support Level 1 629.3 640.3 1218.0 3353.3
    Support Level 2 621.7 634.7 1208.50 3321.7
    Support Level 3 610.3 623.8 1194.00 3275.8


    5. Economic Reports

    French Industrial Production
    2:45am

    Italian Industrial Production
    4:00am

    Trade Balance
    8:30am

    Prelim UoM Consumer Sentiment
    9:55am

    Inflation Expectations
    9:55am

    Fed Chairman Bernanke Speaks
    12:30pm

    FOMC Member Pianalto Speaks
    12:50pm

    Federal Budget Balance
    2:00pm

  • Friday Morning Support and Resistance Numbers

    Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

    Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

    Contract (Mar. 2012) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note
    Resistance Level 3 —————————————— Resistance Level 2——————————————Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    13531346

     

    1341.75

     

    1331

     

    1329.5

     

    1324.25

    2565.52555.5

     

    2548

     

    2531

     

    2513

     

    2497

    1289412835

     

    12799

     

    12734

     

    12685

     

    12635

    860.00843.4

     

    832

     

    820.2

     

    814.9

     

    802.70

    1432114303

     

    14226

     

    14200

     

    14125

     

    14117

    1312613121

     

    13114.5

     

    13025

     

    13023

     

    13015.5

    Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

    Contract Apr. 12 Gold Mar. 12 Silver Mar. 12 Copper Mar. 12 Crude Oil Mar. 12 Euro Currency Mar. 12 Dollar Index
    Resistance Level 3 —————————————— Resistance Level 2——————————————Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    1743.11729.1

     

    1721.2

     

    1706.4

     

    1705.4

     

    1673.4

    34.5234

     

    33.68

     

    33.17

     

    32.98

     

    32.93

    3.9993.948

     

    3.922

     

    3.876

     

    3.85

     

    3.794

    99.5999.31

     

    98.77

     

    97.81

     

    97.25

     

    96

    1.32651.3227

     

    1.3207

     

    1.3176

     

    1.314

     

    1.3027

    0.79810.7941

     

    0.7933

     

    0.7905

     

    0.7894

     

    0.7874

    1224.25
    1216.25
    1213.25
    1192.00
    1185.50
    1180.75
    1218.75
    1201.75
    1199
    1191.25
    1183.5
    1176.75
    2565.5
    2555.5
    2548
    2531
    2513
    2497
  • Thursday Morning Support and Resistance Numbers

    Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

    Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

    Contract (Mar. 2012) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note
    Resistance Level 3 ——————————————Resistance Level 2——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    1363.751354.5

     

    1353

     

    1338.5

     

    1331

     

    1324.5

    2562.52548.5

     

    2539

     

    2522

     

    2505

     

    2476

    1300012907

     

    12894

     

    12789

     

    12734

     

    12635

    860.00843.4

     

    832

     

    820.2

     

    814.9

     

    802.70

    1431414231

     

    14214

     

    14123

     

    14113

     

    14021

    1311713111

     

    13104

     

    13025

     

    13023

     

    13015.5

    Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

    Contract Apr. 12 Gold Mar. 12 Silver Mar. 12 Copper Mar. 12 Crude Oil Mar. 12 Euro Currency Mar. 12 Dollar Index
    Resistance Level 3 ——————————————Resistance Level 2——————————————

    Resistance Level 1

    ——————————————

    Support Level 1

    ——————————————

    Support Level 2

    ——————————————

    Support Level 3

    17731765.9

     

    1755.5

     

    1744.7

     

    1739.1

     

    1728.9

    35.735.07

     

    34.52

     

    34.13

     

    33.93

     

    33.57

    4.0123.999

     

    3.971

     

    3.919

     

    3.891

     

    3.867

    101.31100.56

     

    100.09

     

    98.92

     

    98.31

     

    97.76

    1.34341.3377

     

    1.3317

     

    1.3244

     

    1.3205

     

    1.3137

    0.79190.7891

     

    0.7875

     

    0.7845

     

    0.7822

     

    0.7801

    1224.25
    1216.25
    1213.25
    1192.00
    1185.50
    1180.75
    1218.75
    1201.75
    1199
    1191.25
    1183.5
    1176.75
  • Daily Chart of the Mini SP 500 | Support and Resistance Levels

    Jump to a section in this post:
    1. Market Commentary
    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
    3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
    5. Economic Reports for Thursday, January 4, 2012

    1. Market Commentary

    The New year started but seems that some trades are still away from the markets as volume is still considerably lower than average. Today’s trading in mini SP is a good example, choppy trade, less than 1.4 Mil contracts and market end up pretty much unchanged….

    I am including a daily chart of the mini SP 500 for your review. I suspect that more volume and volatility will return to the markets in the next few days.

    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

    Contract (Dec. 2011) SP500
    (big & Mini)
    Nasdaq100
    (big & Mini)
    Dow Jones
    (big & Mini)
    Mini Russell
    Resistance Level 3 1287.17 2363.33 12468 763.27
    Resistance Level 2 1280.43 2346.67 12415 757.53
    Resistance Level 1 1276.47 2336.33 12386 751.27
    Pivot Point 1269.73 2319.67 12333 745.53
    Support Level 1 1265.77 2309.33 12304 739.27
    Support Level 2 1259.03 2292.67 12251 733.53
    Support Level 3 1255.07 2282.33 12222 727.27

    3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

    Contract Feb. Gold Dec. Euro Jan. Crude Oil March. Bonds
    Resistance Level 3 1645.9 1.3229 105.89 144 31/32
    Resistance Level 2 1631.9 1.3155 104.81 144 11/32
    Resistance Level 1 1622.4 1.3053 104.03 143 12/32
    Pivot Point 1608.4 1.2979 102.95 142 24/32
    Support Level 1 1598.9 1.2877 102.17 141 25/32
    Support Level 2 1584.9 1.2803 101.09 141 5/32
    Support Level 3 1575.4 1.2701 100.31 140 6/32

    4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

    Contract March Corn March Wheat Jan. Beans March. Silver
    Resistance Level 3 666.2 663.7 1248.42 3047.0
    Resistance Level 2 662.8 660.3 1241.83 3010.5
    Resistance Level 1 660.7 655.2 1235.92 2963.0
    Pivot Point 657.3 651.8 1229.33 2926.5
    Support Level 1 655.2 646.7 1223.4 2879.0
    Support Level 2 651.8 643.3 1216.83 2842.5
    Support Level 3 649.7 638.2 1210.92 2795.0


    5. Economic Reports

    German Retail Sales
    2:00am

    Italian Monthly Unemployment Rate
    4:00am

    Italian Quarterly Unemployment Rate
    4:00am

    Industrial New Orders
    5:00am

    PPI
    5:00am

    Challenger Job Cuts
    7:30am

    ADP Non-Farm Employment Change
    8:15am

    Unemployment Claims
    8:30am

    ISM Non-Manufacturing PMU
    10:00am

    Natural Gas Storage
    10:30am

    Crude Oil Inventories
    11:00am

  • Top Five Commodities to Watch | Canadian Dollar Chart | Support and Resistance Levels

    Jump to a section in this post:
    1. Market Commentary
    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
    3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
    4. Economic Reports for Monday, November 14 2011


    1. Market Commentary

    This week’s “Top 5 Commodities to Watch”, an article written by Cannon Trading’s senior broker John D. Thorpe, was featured on the Financial Edge section of Investopedia. John introduces Gold, Live Cattle, Corn, Sugar, and energies like Crude Oil, Unleaded Gas and Heating Oil as the commodities to watch over the next month. He then breaks down why investors should be paying attention, citing a variety of international price pressures, seasonal tendencies, and recent government data.

    Also below is a daily chart of Canadian Dollar along with the trade reco I sent subscribers yesterday:

    Long Dec. Canada

    Long at 98.03 limit

    stop 97.20

    target 99.18

    canadian dollar

    If you would like to be included on Swing Trade Alerts such as this one,

    please send me an email with the following information:

    1. Are you currently trading futures?
    2. Charting software you use?
    3. If you use sierra or ATcharts, please let me know the user name so I can enable you
    4. Markets you currently trading?


    2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

    Contract (Dec. 2011) SP500
    (big & Mini)
    Nasdaq100
    (big & Mini)
    Dow Jones
    (big & Mini)
    Mini Russell
    Resistance Level 3 1278.53 2435.00 12303 775.70
    Resistance Level 2 1271.52 2397.50 12217 759.90
    Resistance Level 1 1266.63 2375.00 12163 751.30
    Pivot Point 1259.62 2337.50 12077 735.50
    Support Level 1 1254.73 2315.00 12023 726.90
    Support Level 2 1247.72 2277.50 11937 711.10
    Support Level 3 1242.83 2255.00 11883 702.50

     

    3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

    Contract Dec. Gold Dec. Euro Nov. Crude Oil Dec. Bonds
    Resistance Level 3 1823.9 1.4056 101.54 142 1/32
    Resistance Level 2 1806.6 1.3926 100.37 141 21/32
    Resistance Level 1 1798.0 1.3839 99.69 141 4/32
    Pivot Point 1780.7 1.3709 98.52 140 24/32
    Support Level 1 1772.1 1.3622 97.84 140 7/32
    Support Level 2 1754.8 1.3492 96.67 139 27/32
    Support Level 3 1746.2 1.3405 95.99 139 10/32


    4. Economic Reports for Monday, November 14, 2011

    Industrial Production m/m
    5:00am

    Mortgage Delinquencies
    14th – 18th

  • Commodities Market Volatility Continues | Support and Resistance Levels

    In this post:

    1. Market Commentary
    2. Support and Resistance Levels
    3. Daily Mini Mini S&P 500 Futures Chart

    1. Market Commentary

    Volatility remains high and what I wrote the last few days, still holds:

    As far as the daily chart, I am now confused again….I got tempted on the short side and got burnt very quickly today….Once again there is a CASE for both sides, bulls and the bears and the potential for a BIG MOVE EITHER WAY is greater than normal as we are sitting on important price levels in the SP500, which has been the leader for the rest of the markets as of the last few weeks.

    GOOD TRADING!

    2. Support and Resistance Levels

     

    Contract (Dec. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
    Resistance 3 1241.73 2395.75 11750 728.90
    Resistance 2 1228.52 2364.25 11638 714.60
    Resistance 1 1219.13 2331.50 11555 704.20
    Pivot 1205.92 2300.00 11443 689.90
    Support 1 1196.53 2267.25 11360 679.50
    Support 2 1183.32 2235.75 11248 665.20
    Support 3 1173.93 2203.00 11165 654.80

     

    Contract Dec. Gold Dec. Euro Nov. Crude Oil Dec. Bonds
    Resistance 3 1656.9 1.4046 90.46 141 4/32
    Resistance 2 1642.9 1.3942 88.79 140 19/32
    Resistance 1 1632.6 1.3858 87.56 139 23/32
    Pivot 1618.6 1.3754 85.89 139 6/32
    Support 1 1608.3 1.3670 84.66 138 10/32
    Support 2 1594.3 1.3566 82.99 137 25/32
    Support 3 1584.0 1.3482 81.76 136 29/32

    3. Daily Mini Mini S&P 500 Futures Chart

    So while I am still “confused on the daily chart, “swing trading set ups” I decided to share with you how my intraday chart looks like. When it comes to very short term trading, I am a fan of incorporating volume charts. The chart you see below is the 10,000 volume chart for the mini SP from the last part of the trading session today.

    My theory is that when it comes to short term day trading, volume is much more important than price, hence the use of volume bars. I use bars of between 500 to 13,000 contracts traded (based on specific market, recent volatility, trade volume and a few other factors). That means that instead of bars completing based on time frame (i.e. 1 minute or 15 minutes etc.), we use volume. So each time X amount of contracts traded, a new bar will complete. When market is fast and volume is pouring into the market, the bars will complete faster. When market is in low volume, not much action, the bars will complete slower and perhaps filter out some noise.

    Would you like to have access to my DIAMOND ALGO as shown above

    and be able to apply for any market and any time frame? The screen shot above is of the Mini SP500 from today.

    If so, please send me an email (Ilan (at) cannontrading.com)with the following information:

    1. Are you currently trading futures?
    2. Charting software you use?
    3. If you use sierra or ATcharts, please let me know the user name so I can enable you
    4. Markets you’re currently trading?

  • Futures Trading Levels, Crude Oil as a Leader of Commodity Prices

    Cannon Trading / E-Futures.com

    Crude Oil has been moving the rest of the commodities sector the last few months and has influence on all futures.

    Thought I would share a daily chart for review, along with a screen shot of the crude oil set ups I share in my daily live day-trade signals service.

    As far as longer term direction for crude, I will need to see which level we can break out first, 104.91 on the upside or 94.54 on the downside. In between, you have wide 410 trading range ( equal to $10,000 per one contract against you or in your favor….)

    Daily mini S&P trading chart screenshot from today June 6th, 2011

    Stock futures trading chart levels for Monday June 6th, 2011

    Intra-day trading chart screenshot from today June 6th, 2011

    Intra-day chart: (blue diamond = potential buy, red diamond = potential sell)

    Stock futures trading chart levels for Monday June 6th, 2011

    GOOD TRADING!

    Disclaimer

    Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.

    Day trading can be extremely risky.

    TRADING LEVELS!

    Commodity Futures trading levels for June 7th, 2011

    Economic Reports Tuesday June 7th, 2011

    IBD/TIPP Economic Optimism
    10:00am USD

    Consumer Credit m/m
    3:00pm USD

    Fed Chairman Bernanke Speaks
    3:45pm USD

    FOMC Member Dudley Speaks
    9:00pm USD

    Economics Report Source: http://www.forexfactory.com/calendar.php

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!

  • Futures Trading Levels, Crude Oil Leading Commodity Markets

    Cannon Trading / E-Futures.com

    With the Mid East situation, Crude Oil has been the leader of the commodities markets affecting movements in markets like metals, stock indices and more.

    Daily chart of Crude oil for your review below along with a small picture that expresses what one can expect of tomorrow’s unemployment report better than I can…..
    Either way, higher volatility, wider ranges = trader must asses their daily risk settings, their stops/ targets per trade, trading size etc.

    Daily E-Mini S&P 500 Futures Trading Chart

    Stock futures trading chart levels Friday March 4th 2011
    Non-farm payroll united states financial announcement
    GOOD TRADING!

    TRADING LEVELS!

    Commodity Futures trading levels Friday March 4th 2011

    Economics Report Source: http://www.forexfactory.com/calendar.php

    Friday, March 4, 2011

    Non-Farm Employment Change
    8:30am USD

    Unemployment Rate
    8:30am USD

    Average Hourly Earnings m/m
    8:30am USD

    FOMC Member Yellen Speaks
    10:00am USD

    Factory Orders m/m
    10:00am USD

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!

  • Commodities Margins Rising to Cool Markets, November 22nd 2010

    Have a great weekend and a good, short trading week ahead of Thanksgiving holiday.

    Good quick article for your reading pleasure:
    *****************************************************
    http://www.cnbc.com/id/40274878
    *****************************************************

    Commodities Margins Rising to Cool Markets

    GOOD TRADING!

    Trading Levels

    futures-trading-levels-20101122

    This Week’s Calendar from Econoday.Com
    All reports are EST time

    Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php

    Monday, November 22nd 2010 – http://mam.econoday.com/byweek.asp?cust=mam

    No Major Reports this Monday

    This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!