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  • Weekly Newsletter: Role of Speculators, Coffee Outlook & Trading Levels for April 22nd

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    Cannon Futures Weekly Letter Issue # 1190

    In this issue:
    • Important Notices – Israel, Iran, PCE Report & More
    • Futures 101 – The Role of Speculators in Futures Trading
    • Hot Market of the Week – July Coffee
    • Broker’s Trading System of the Week – NQ intraday System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Important Notices –

    • The situation in the Middle East will loom over the markets next week. More on that below.
    • Keep an eye on these potential futures market movers:
    • It was hardly unexpected, but Israel’s missile strike on Iran Friday may foreshadow a dangerous series of tit-for-tat retaliation between the Middle East powers – and unsettle world markets. At the same time, the limited scale of the attack and Iran’s muted response appears so far to signal a successful effort by diplomats who have been working to avert all-out war.
    • At the outset of Israel’s offensive last night, volatility amplified in key futures markets – stock indexes (S&P 500, Dow, Nasdaq), currencies, energies (crude oil), metals (gold), financials (30-yr. bonds, 10-yr. notes). Into late evening and on into today, there has been a virtual across-the-board drop-off in the inflated price fluctuation seen when news broke of the military action.
    • GDP and PMI along with homes sales, durable goods and overall a packed week with economic reports.
    • PCE Friday will provide additional clues as to the future of interest rates
    • big earnings week MSFT, GOOG, META, XOM, Visa, TSLA
    • Volatility in Cocoa and Coffee continues. Copper broke higher.

     

     

     

    Trading Resource of the Week: Understanding the Role of Speculators

    What Are Speculators?
    Speculators are primary participants in the futures market. A speculator is any individual or firm that accepts risk in order to make a profit. Speculators can achieve these profits by buying low and selling high. But in the case of the futures market, they could just as easily sell first and later buy at a lower price.
    Obviously, this profit objective is easier said than done. Nonetheless, speculators aiming to profit in the futures market come in a variety of types. Speculators can be individual traders, proprietary trading firms, portfolio managers, hedge funds or market makers.
    Individual Traders
    For individuals trading their own funds, electronic trading has helped to level the playing field by improving access to price and trade information. The speed and ease of trade execution, combined with the application of modern risk management, gives the individual trader access to markets and strategies that were once reserved for institutions.
    Proprietary Trading Firms
    Proprietary trading firms, also known as prop shops, profit as a direct result of their traders’ activity in the marketplace. These firms supply their traders with the education and capital required to execute a large number of trades per day. By using the capital resources of the prop shop, traders gain access to more capital than they would if they were trading on their own account. They also may have access to the same type of research and strategies developed by larger institutions.
    Portfolio or Investment Managers
    A portfolio or investment manager is responsible for investing or hedging the assets of a mutual fund, exchange-traded fund or closed-end fund. The portfolio manager implements the fund’s investment strategy and manages the day-to-day trading. Futures markets are often used to increase or decrease the overall market exposure of a portfolio without disrupting the delicate balance of investments that may have taken a significant effort to build.
    Hedge Funds
    A hedge fund is a managed portfolio of investments that uses advanced investment strategies to maximize returns, either in an absolute sense or relative to a specified market benchmark. The name hedge fund is mostly historical, as the first hedge funds tried to hedge against the risk of a bear market by shorting the market. Today, hedge funds use hundreds of different strategies in an effort to maximize returns. The diverse and highly liquid futures marketplace offer hedge funds the ability to execute large transactions and either increase or decrease the market exposure of their portfolio.
    Market Makers
    Market makers are trading firms that have contractually agreed to provide liquidity to the markets, continually providing both bids and offers, usually in exchange for a reduction in trading fees. Market makers are important to the trading ecosystem as they help facilitate the movement of large transactions without effecting a substantial change in price. Market makers often profit from capturing the spread, the small difference between the bid and offer prices over a large number of transactions, or by trading related futures markets that they view as being priced to provide opportunity.
    Conclusion
    All types of speculators bring liquidity to the market place. Providing liquidity is a crucial market function that enables individuals to easily enter or exit the market. Though speculative trading activity generates considerable liquidity, all market players benefit. In contrast to speculators who aim to profit by assuming market risk, some buyers and sellers have a vested interest in the underlying asset of each contact. These market participants aim to offset or eliminate risk and are referred to as hedgers.

     

     

    • Hot Market of the Week – July Coffee
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    July Coffee
    July Coffee satisfied its third upside PriceCount objective in where it would be normal to get a near term reaction in the form of a consolidation or corrective trade, at least. At this point, IF the chart can sustain additional upside we are left with thelow percentage fourth count to aim for just above $300.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    COST
    USD 55 / monthly
    Recommended Cannon Trading Starting Capital
    $25,000
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    Daily Levels for April 22nd 2024

    Trading Reports for Next Week

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • FOMO May be Your Worst Enemy when it Comes to Trading + Levels for April 19th

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    “Mastering the Market: Strategies to Overcome FOMO in Day Trading”.

    By Ilan Levy-Mayer, VP

    The unpredictable fluctuations in stock index futures can prompt a discussion on a significant challenge that day traders often encounter: the Fear of Missing Out (FOMO). This phenomenon is particularly prevalent in day trading, where the rapid pace, high leverage and high stakes can lead to hasty decisions.

    Imagine a scenario where a trader is monitoring the charts and notices a significant downward trend. The immediate thought might be a concern that the market is on the verge of plummeting to new lows. While this could indeed happen, the trader also has a guideline: avoid initiating short positions when the market is below the lowest Volume Weighted Average Price (VWAP) band. This rule is based on the reasonable expectation that the market may rebound before continuing its descent. However, the swift movements of the market, coupled with emotional impulses and the desire to recoup losses, can result in a trader disregarding their own rules in the heat of the moment.

    So, how can one manage this internal conflict? Here are some strategies:

    • Document your trading rules. Writing them down can reinforce their importance and make it easier to adhere to them.

    • Implement a system of self-discipline. If you find yourself breaking your own rules, consider setting consequences for such actions.

    • Accountability is key. Enlist a trusted individual to review your trades with you and hold you responsible for your trading decisions.

    • Practice mindfulness. Before making a trade, take a moment to breathe deeply and count to five. This brief pause can help you maintain composure and avoid impulsive actions.

    • Embrace patience. Often, the decision not to trade can be as crucial as the trades you make. By reducing the number of impulsive trades and focusing on deliberate, well-thought-out actions, you are likely to see progress and improvement in your trading performance.

    Remember, overcoming the urge to act on FOMO is a challenging but essential part of becoming a successful day trader. It’s about finding a balance between being proactive and not letting emotions dictate your trading strategy.

     

     

     

    Daily Levels for April 19th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • More Fed Members to Speak Tomorrow. Volatile Markets Across the Board! + Levels for April 18th

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    What to look for the rest of the trading week:

    By Mark O’Brien, Senior Broker

    General:   

     

    It’s not far fetched to state that there is anxiety in the marketplace.  Gold and silver prices have exploded – the former to all-time highs, the U.S. dollar has climbed the entire first quarter including a sharp ±200 point rise over the last two weeks and financial institutions worldwide are facing rising interest rate pressures.  Here in the U.S. last week’s hotter-than-expected March CPI and PPI reports reflected a growing economy straining to “tap the brakes.”

     

    Moreover, in the Middle East tensions have reached their highest levels in decades as the region braces for potential Israeli retaliation after Iran launched hundreds of missiles and drones at Israel over the weekend in response to an apparent Israeli strike on Iran’s embassy compound in Syria on April 1 that killed 12 people, including two Iranian generals.

     

    Energies: 

     

    Noteworthy for its downside move, natural gas has been contending with substantial inventories and muted demand for months and the front month May futures contract has now lost nearly half its value since November – from ±$3.300 down to $1.675 per MMBtu, a ±$16,000 per contract move for the standard 10,000 MMBtu contract.

     

    Softs:  

     

    The latest commodity futures contract to make a break for higher prices is coffee.  After trading within a ± 20-cent range between ±$1.80 and ±$2.00/pound all year, the last two weeks have seen a brake above $2.40/pound, roughly a $7,500 per contract move (each 1-cent move in coffee = $375), driven by fears of decreased output from Brazil and Vietnam, which are major producers in the coffee industry.

     

    Metals:   

     

    June gold is poised to set its latest all-time high closing price at the close of trading today, above $2,400 per ounce.  On Friday, it traded to an intraday high of $2,447.6 per ounce only to plummet $97.00 per ounce to an intraday low of $2,350.60 per ounce – a $9,700 move for the 100-oz. contract – in a span of ±4 hours!

     

     

     

     

    Daily Levels for April 18th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Coffee Outlook, Beige Book and Crude Oil Numbers + Levels for April 17th

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    Powell spoke and stock index futures traded in a volatile, zig zag type of trading most of the day unable to break one way or the other and closing near the unchange.

    On the daily chart, both the SP and NASDAQ are noticing more pressure to the downside.

    One of the keys for day Traders is to try and establish early on what type of day trading environment they are in.

    Is this going to be a trend day it is this going to be a choppy low volatility trading day? is the day unfolding has a potential to be a volatile two-sided type of trading day?

    Being aware of the top of trading day that is unfolding in front of you can help you decide which strategies to apply on that trading day.

    Knowing what reports are coming out. the general direction of the long term charts can help you.

    Different strategies will work better in different type of trading environments.

    On a different note, softs, i.e. Cocoa, cotton, Coffee , Sugar, OJ are experiencing much higher volatility than historical norms. Cocoa just dropped close to 8% today after trading above the historical mark of $100 per metric ton.

    below you will see a daily chart of Coffee futures and possible future direction.

     

     

     

     

    Daily Levels for April 17th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • How Important is Hedging for Farmers? + Levels for April 16th

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    This week we will see a number of fed speakers,

    Tomorrow

    Live @ 12:15CDT Link to Discussion With Jerome Powell we are providing this link for those that will watch the market and listen simultaneously

     

    A bit of a departure from the usual Monday blog bites. The planting season in the northern hemisphere is under way so a quick review of the importance of Hedging follows:

    How Important is Hedging for Farmers?

    For farmers, especially those involved in producing commodities like wheat, corn, soybeans, and livestock, the prices of these products can fluctuate significantly due to various factors such as weather conditions, global demand, geopolitical events, and market speculation. These fluctuations can directly impact a farmer’s profitability and financial stability. Here’s why hedging is so important:

    • Price Stability: Futures trading allows farmers to lock in prices for their produce or livestock at predetermined levels, providing them with a sense of stability and predictability in their revenue streams.
    • Risk Management: By hedging, farmers can protect themselves against adverse price movements. For example, if a farmer expects the price of corn to decrease before their harvest, they can take a short position in corn futures to offset potential losses.
    • Budgeting and Planning: Knowing the approximate revenue from their crops or livestock enables farmers to budget effectively, plan future investments, and manage expenses with more confidence.
    • Access to Capital: Having predictable revenue streams through hedging can make it easier for farmers to secure financing from lenders as they demonstrate a more stable financial outlook.
    • Competitive Advantage: Farmers who hedge can often compete more effectively in the market by offering consistent pricing to buyers, thereby securing long-term contracts and relationships.
    • Futures trading serves as a powerful tool for farmers to manage price risk and ensure a more stable financial outlook. By hedging their crops like wheat, corn, soybeans, and livestock, farmers can mitigate the impact of market volatility, plan their budgets effectively, and compete more confidently in the agricultural sector. Understanding and implementing various hedging strategies empower farmers to navigate unpredictable market conditions while safeguarding their profitability.

     

     

     

    Daily Levels for April 16th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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    Cannon Futures Weekly Letter Issue # 1189

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

     

    Important Notices –

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

     

     

     

     

    Trading Resource of the Week: Trading Videos, Instant Viewing

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

     

     

    • Hot Market of the Week – May Crude Oil
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    The March 20th Chart of the Day highlighted May crude oil had completed its first upside PriceCount objective. Now, the chart is consolidating after satisfying its second upside PriceCount objective. A this point, IF the chart can sustain further gains, the third count would project a possible run to the 94.82 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

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

     

    Daily Levels for April 15th 2024

    Trading Reports for Next Week

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Range Bar, Volume, Renko Charts + Levels for April 12th

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

     

     

    Plenty of price action of the PPI report this morning!

    If you are a day trader in days like today, waiting 15 minutes for the bar chart to complete may seem like an eternity…

    This is when applying either RANGE bar charts or VOLUME bar charts can be handy!

    When it comes to short term trading I am a fan of using volume charts, tick charts, range bar charts and Renko charts rather than the traditional time charts like the 1 minutes, 5 minutes etc.

    My rule of thumb is that if you as a trader make decisions based on charts that are less than 15 minutes time frame, it may be worth your time to research, back test and do some homework as to potentially using other type of charts like volume charts , Range charts etc.

    Volume charts will draw a new bar once a user defined number of contracts traded. Example mini SP 10,000 volume chart will draw a new bar once 10,000 contracts traded.

    Range bar charts will draw new charts once price action has exceeded a user pre define price or ticks range. Example might be an 18 ticks range bar chart on crude oil.

    While the volume charts rely ONLY on volume, the range bar charts rely ONLY on price action.

    Their main advantage over traditional time charts is twofold in my opinion:

    1. If the market is moving fast, reports came out or there is heavy volume in the market, the traditional 5 minute chart will need 5 minutes to complete the next bar before it provides you with a signal…if you day traded futures before you will know what 5 minutes can do….The volume charts or range bar charts in this case will complete the bars MUCH faster because there is strong price action and strong volume and will be able to provide a signal faster than the time charts.

    2. On the flip side, there are times when the market is dead…low volume, sideways, choppy action. If you are using the 3 minute chart and a moving avg. cross over, you may get a signal simple because time has passed and the moving averages crossed even though the market is pretty dead….If you are using a volume chart and the market is slow…it will take a while for the bars to complete and hence it may filter out some “noise” in the market.

     

     

     

    Daily Levels for April 12th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Markets Post CPI + Levels for April 11th

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    Life After CPI …..

    by Mark O’Brien, Senior Broker

    General:

     

    It’s been ten months since the central bank paused its rate hike cycle.  It seems as though Jay Powell’s motto throughout his entire tenure as chairman of the Fed has been, “The data will guide our decisions,” and today the Bureau of Labor Statistics released another chunk of data: its March Consumer Price Index (CPI) report, which measures the prices paid by consumers for a basket of consumer goods and services.  The consumer-price index rose 0.4% in March and 3.5% on an annual basis.  Economists had expected 0.3% and 3.4%.  Core CPI, which removes the volatile food and energy categories, was up 0.4% from February, topping an expected 0.3%.  Now, after strong prints in January and February, are these new readings stronger evidence of a “sticky” inflation situation?

     

    At their March meeting, according to its minutes released later this morning, Federal Reserve officials expressed concern that inflation wasn’t moving lower quickly enough.  The CPI report likely didn’t moderate those concerns and the timing for the first long-anticipated rate cut has presumably drifted further out on the calendar.

     

    Energies: 

     

    Speaking of inflation, the first three months of 2024 saw crude oil jump ±$17 per barrel – a ±$17,000 move for the main 1,000-barrel futures contract – with the front-month May contract trading to the year’s high of $87.63 intraday just last Friday.

     

    Softs: 

     

    After a one-day 321-point/$3,210 move up on March 12 to close above $7,000/ton – its latest all-time high – May cocoa continued its “no top in sight,” rally, closing today at $10,476/ton, a staggering ±$34,700 per contract move in twenty trading sessions.

     

    Metals:  

     

    While cocoa retained its “king of the all-time highs” crown for the month, gold did not disappoint bulls in this market, setting its own new all-time high yesterday, trading up to $2,384.50/oz. intraday (basis the June futures contract).  This is a $199.00/oz. move ($19,900 per contract for the standard 100-oz. futures contract) over the same 20-sesson span as the move in cocoa referenced above.

     

    Grains: 

     

    Keep an eye out for tomorrow’s U.S. Department of Agriculture’s two main reports: its monthly Crop Production and World Agricultural Supply and Demand Estimates (WASDE). These serve as the primary informers of the fundamentals underlying domestic and global agricultural futures markets.

     

     

     

     

     

    Daily Levels for April 11th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • CPI, FOMC Minutes + Futures Trading Levels for 04.10.2024

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    Subscribe to our YouTube Channel

     

     

    CPI and FOMC minutes Tomorrow

    CPI Tomorrow! The CPI will be critical to the inflation outlook for Fed policymakers.

     

    Previous CPI reports have created velocity logic events in the stock indices at the CME.

     

    Please read more details about velocity logic and price banding HERE.

     

    The above reports will Bookend the FOMC minutes release @1pm CT on tomorrow.

    My previous notes suggest to do the following if you are an index day trader:

    Get out before the 730 AM CPI.

    Wait for the smoke to clear.

    Resume trading.

    Look at market volume and behavior after 9:30 AM Central time to decide if and how to resume trading.

    I usually stop trading and resume after 1 PM once FOMC minutes are out.

    AGAIN…This is just my PERSONAL preferences…

     

     

     

     

     

    Daily Levels for April 10th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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    Markets Heat up MidWeek

    by John Thorpe, Senior Broker

     

    CPI Report Wednesday

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

    What To Expect

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

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

     

     

     

     

     

    Daily Levels for April 9th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Weekly Newsletter: Notional Value, May Copper Outlook & Trading Levels for April 8th

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    Cannon Futures Weekly Letter Issue # 1188

    In this issue:
    •  Important Notices – Earnings Season Starts April 12th
    • Trading Resource of the Week – About Contract Notional Value
    • Hot Market of the Week – May Copper
    • Broker’s Trading System of the Week – RBOB Swing System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Important Notices –

    • Market Moving Data Wed. /Thur.  CPI and PPI respectively , w/Jobless Claims Thur. as well
    • 1 Fed discussion RE: new BASEL lll requirements Wed. AM (raises min. Cap Req from 2% to 4.5% for all banks)
    • AG WASDE Thur.
    • Q1 Earnings Season Begins Fri. the 12th Bank Earnings, JPM, C, WFC, BLK all report on this day.

     

     

     

     

    Trading Resource of the Week : About Contract Notional Value by CMEgroup.com

    Contract Unit
    The contract unit is a standardized size unique to each futures contract and can be based on volume, weight, or a financial measurement, depending on the contract and the underlying product or market.
    For example, a single COMEX Gold contract unit (GC) is 100 troy ounces, which is measured by weight.
    A NYMEX WTI Crude Oil contract unit (CL) is 1,000 barrels of oil, measured by volume.
    The E-mini S&P 500 contract unit (ES) is a financial calculation based on a fixed multiplier times the S&P 500 Index.
    Contract Notional Value
    Contract notional value, also known as contract value, is the financial expression of the contract unit and the current futures contract price.
    Determining Notional Value
    Assume a Gold futures contract is trading at price of $1,000. The notional value of the contract is calculated by multiplying the contract unit by the futures price.
    Contract unit x contract price = notional value
    100 (troy ounces) x $1,000 = $100,000
    If WTI Crude Oil is trading at $50 dollars and the contract unit is 1000 barrels, the notional would be;
    $50 x 1,000 = $50,000
    Now assume E-mini S&P 500 futures are trading at 2120.00. The multiplier for this contract is $50.
    $50 x 2120.00 = $106,000

     

     

    • Hot Market of the Week – May Copper
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    May Copper
    May copper is completing its third upside PriceCount objective that is consistent with a challenge of the contract high. It would be normal to get a reaction in the form of a near term consolidation or corrective trade, at least, from this level. From here, IF the chart can sustain further gains, we are left with the low percentage fourth upside count to the 4.94 area to aim for (not shown here for presentation purposes).
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Swing
    COST
    USD 160 / monthly
    Recommended Cannon Trading Starting Capital
    $25,000
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    Daily Levels for April 8th 2024

    Trading Reports for Next Week

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • NFP Tomorrow + Futures Trading Levels for 04.05.2024

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

     

    May Copper chart for your review below.

     

     

     

     

     

    Daily Levels for April 5th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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

     

    US 30 yr Bonds chart for your review below.

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for April 4th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • OPEC Meeting + Futures Trading Levels for April 3rd

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    OPEC Meeting tomorrow

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

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

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

    Gold hit all time highs!

    Gold chart for your review below.

     

     

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for April 3rd, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Gold Outlook + Futures Trading Levels for April 2, 2024

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    First Week of Q2!

    • Heavy Fed Speeches, 19 Count ’em, Tuesday thru Friday with JPowell on Wednesday @ 11:10 a.m. CDT from Stanford.
    • Earnings season will officially begin the middle of April.
    • Economic Data Highlights : Jobless Claims early Thursday and NonFarm Payrolls headline Friday pre-opening
    • Gold Chart for your viewing below

     

     

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for April 2nd, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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    Markets are Closed Tomorrow!

     

     

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for March 28th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Good Friday Schedule and Futures Trading Levels for March 28th

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    Good Friday Holiday Trading Schedule – 2024

    • Thursday March 28, 2024 all CME markets have a regular close.
    • No CME trading for Friday March 29, 2024 trade date in observance of Good Friday.
    • See full schedule here.

     

     

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for March 28th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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

     

    Weekly Hueber Report: Now is it time to worry?

     

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

     

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

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

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

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

    DH

     

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for March 27th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • What to expect on this short trading week? Trading Levels for March 26th

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    What to expect on this short trading week?

    With Good Friday coming up we will only have 4 days trading week.

    Fed Chair Jay Powell said Wednesday that central bank officials discussed a strategy for how to slow the shrinking of the Fed’s balance sheet,

    The plan to slow down the balance-sheet runoff could come as soon as May.

    The Fed’s securities holdings topped out at $9 trillion in 2022 — the year it decided to pivot and act aggressively to tamp down rising inflation. The strategy is known as quantitative tightening, or QT. QE refers to the Fed buying assets to lower longer-term interest rates, and QT means the Fed is selling assets to put upward pressure on longer-term rates. QE is used when the Fed wants to stimulate the economy and reduce interest rates on longer-term securities. The Fed tried QT once before, starting in 2017, when Janet Yellen oversaw the central bank. That shrinking of its portfolio drained bank reserves held at the central bank and led to some unexpected turbulence in 2019 after Powell had taken over.

    Expectations that the Fed would cut rates by June rose to around 75% in futures markets later Wednesday, up from closer to 50% earlier this week, according to CME Group.

    What about the hot PPI and CPI reports that came in last week? The latest data haven’t really changed the overall story, which is that of inflation moving down gradually on a sometimes-bumpy road toward 2%.

    Many economists and some inside the Fed anticipated that the central bank’s rate increases to bring inflation down would lead to higher unemployment and a recession. But economic growth has shown surprising resilience even as wage and price increases have slowed thanks to healed supply chains and an influx of workers into the labor force.

    Using the Fed’s preferred gauge, inflation excluding volatile food and energy prices has fallen to around 2.8% recently, down from 4.8% one year ago.

    FED said while officials didn’t “see this in the data right now,” a significant slowdown in the labor market “could also be a reason for us to begin the process of reducing rates.

    Wage growth has continued to slow, and unemployment has steadily inched up, from 3.4% last April to 3.9% in February.

    The stakes are high for Fed officials, who are trying to navigate two risks. One is that they ease too soon, allowing inflation to become entrenched at a level above their 2% target. The other is that they move too slowly and the economy crumples under the weight of higher rates.

    The Summary of Economic Projections expects gross domestic product growth to hit 2.1% by the end of 2024, up from December’s 1.4% forecast.

    Higher housing prices and stock-market gains are boosting wealth and thus supporting consumption, especially of high-income households. The price of bitcoin has recently surged to records, a sign of exuberant risk-taking.

    Homebuilders ETF: XHB. Stocks – KBH, TOL, LEN.

     

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for March 26th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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    Cannon Futures Weekly Letter Issue # 1186

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

     

    Important Notices –

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

     

     

     

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

    Understanding Margin

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

    Margins Move with the Markets

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

    Types of Futures Margin

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

    Summary

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

     

     

    • Hot Market of the Week – May Bean Meal
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    May Bean Meal
    May meal satisfied its first upside PriceCount objective and is correcting lower. At this point, IF the chart can resume its rally with new sustained highs, the second count would project a possible run to the 356.5 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

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

     

    Daily Levels for March 25th 2024

    Trading Reports for Next Week

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Your Futures Daily Blog: Get An Edge With the Trading Psychology Course



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Get An Edge With the Trading Psychology Course

Many experienced traders say that the stiffest challenge you’ll face in becoming a futures trader is conquering your own psyche. Why? Because losing is part of trading, and people hate to lose.

In this “Trading Psychology” Course you will learn:

  • How to examine your patterns and behaviors and recognize when they are holding you back
  • Maintaining self-confidence as a trader even in the face of inexperience
  • The mathematical expectation model and how it can decrease your losses
  • Determining the trading plan that is right for your trading personality
  • Understanding and using Motivation – Risk – Reward to its full advantage
  • Creating effective trading technique strategies
  • Qualities of Successful Traders

Grow Your Trading – Start Now!

 

 

Daily Levels for March 22nd, 2024

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

Improve Your Trading Skills

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

Explore trading methods. Register Here

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

  • Markets Post FOMC + Levels for March 21st 2024

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    Subscribe to our YouTube Channel

     

     

     

    Life After FOMC …..

    by Mark O’Brien, Senior Broker

    General: 

     

    The Federal Reserve took center stage today.  With inflation proving stickier than expected, the central bank has found itself balancing between a hawkish and dovish view.  The policy-setting FOMC held interest rates steady at the 5.25%-5.50% range for the fifth straight meeting.  The bigger indicator traders were eager to see was the Fed governors’ so-called dot plot that updated their rate and economic projections – for the first time since December.  Turns out, it didn’t deviate from the three rate cuts they previously penciled in by the end of 2024.

     

    Indexes: 

     

    As of this typing, the June E-mini S&P 500 is trading at new all-time highs around 5280.  As well, the June E-mini Dow Jones is trading at its own all-time highs, barely 100 points away from 40,000!

     

    Metals: 

     

    April gold is on the verge of eking out its own all-time high close above last Monday’s closing price of $2,188.60 per ounce.  It’s currently trading ±$2,191.00 per ounce

     

    General pt. II: 

     

    Over the weekend, Japan ended its negative interest rate policy, marking a historic shift away from an aggressive monetary easing program that was implemented years ago to fight chronic deflation.  As part of the decision, the Bank of Japan (BOJ) raised interest rates for the first time in 17 years, lifting its short-term rate to “around zero to 0.1%” from minus 0.1%.

     

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for March 21st, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • FOMC Rate Decision Tomorrow + Levels for March 20th

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    FOMC Rate Decision Tomorrow

     

    The last few FOMC meetings I looked for trades until around 930 AM Central time and then somewhat “took a step back”.

     

    I would then follow closely around 1 PM Central when the announcement comes out but try to not pull the trigger until 1:15/ 1:30 when the smoke clears.

    CURRENTLY the market is expecting no change in rates. Language will be watched closely.

     

    This is of course just my personal preferences and every trader is different.

     

    Take notes after the trading session so you can look back and refer the next FOMC meeting….

     

    Below are some additional tips/observations I have taken notes of for myself:

     

    ·    Reduce trading size

     

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

     

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

     

    ·    Expect the higher volatility during and right after the announcement

     

    ·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.

    ·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.

     

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

     

    ·    The rate announcement comes out exactly at 1 PM central. As of this morning there is a 98% chance of no change in rates.

     

    ·    Traders will pay EXTRA attention to the language and the Q&A which starts at 1:30 PM Central

     

    ·    Be patient and be disciplined

     

    ·    If in doubt, stay out!!

     

     

     

     

    Plan your trade and trade your plan

     

     

     

     

     

    Daily Levels for March 20th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Spring has Sprung ! on the last day of winter, thoughts on this weeks Fed meeting + Levels for March 19th

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    Spring has Sprung ! on the last day of winter, thoughts on this weeks Fed meeting:

    By John Thorpe, Senior Broker

    This week, the biggest takeaways that will impact equity direction and prices will be in the form of FOMC Rates.. The post release discussion will be the more meaningful trading part of the day. The expectation of a zero rate change is nearly 100 % based on the CME FedWatch tool The market has discounted this result. a surprise would literally Shock the market. This FED’s ongoing call for transparency truly would set a rate change now on an equity destruction path is they were to raise rates given the relatively inflationary data releases since the last FOMC meeting. if you would like to geek out like i do on research, here is an interesting discussion The Fed – Macroeconomic news and stock prices over the FOMC cycle (federalreserve.gov) from the FRB , I bit dated but still relative to the current environment as it relaters to Data and how the Fed rates individual data releases in importance and the relative impact these data sets may have on Equity prices 100 being the most important.

     

     

    Plan your trade and trade your plan

     

     

     

     

    Daily Levels for March 19th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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    Cannon Futures Weekly Letter Issue # 1186

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

     

    Important Notices –

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

     

     

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

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

     

     

    • Hot Market of the Week – May Bean Oil
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    FREE TRIAL AVAILABLE
    May Bean Oil
    The rally in May soybean oil accelerated to its second upside PriceCount objective and now the chart is correcting. At this point, IF you can resume the rally with new sustained highs, the third count would project a possible run to the 50.87 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

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

     

    Daily Levels for March 18th 2024

    Trading Reports for Next Week

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Triple Witching Tomorrow + Futures trading Levels for March 15th

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    TriPPPle witching tomorrow!

    Stock Index March contracts (i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.) expire Friday, March15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any December futures contracts through 8:30 A.M., Central Time on Friday, Mar. 15th, they will be offset with the cash settlement price, as set by the exchange.

    FRONT MONTH IS NOW JUNE , the symbol is M24, example for mini SP is ESM24

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

     

     

    Plan your trade and trade your plan

     

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

     

     

     

     

     

    Daily Levels for March 15th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • PPI & Retails Sales + Trading Levels for March 14th

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    Subscribe to our YouTube Channel

     

     

     

    Market Overview for the last 2 trading days of the week

    By Mark O’Brien

    Heads up:

     

    Keep an eye out for the second of this week’s inflation reports: the Bureau of Labor Statistics’ Producer Price Index.  The report will be released tomorrow, 7:30 A.M., Central Time.

     

    Energy:   

     

    This morning, the Energy Information Agency released its weekly crude oil stocks report and the data was a bullish curveball showing a surprise withdrawal in U.S. crude inventories and a bigger-than-expected drop in U.S. gasoline stocks.  April RBOB gasoline futures rose over seven cents as of this typing – a ±$3,000 per contract move – up to ±$2.66 per gallon, close to 6-month highs.  Spurring the price increase, Ukrainian drone attacks struck several oil refining facilities in Russia for the second day, damaging its refining capacity

    Metals:   

     

    In concert with the month-long slump in the U.S. dollar and a lingering expectation the Fed will reduce borrowing costs this June, today gold is chipping away at its ±$20 sell-off Monday and poised to around its prior all-time high close (basis April): $2,188.60/oz.  As of this typing, April gold is ±$2,177.00.

     

    Indexes: 

     

    All three major stock indexes have sustained trading near their all-time highs this week – after the Personal Consumption & Expenditures Price Index on April 1st (the Fed’s preferred U.S. inflation gauge), February’s non-farm payrolls last Friday and Tuesday’s higher-than-expected CPI reading yesterday.  As of this typing, prices are mixed ahead of tomorrow’s release of the Bureau of Labor Statistics’ Producer Price Index.

     

    Softs: 

     

    So far, the king of all-time highs this week is not Bitcoin (see below).  It’s Cocoa.  The May cocoa contract broke above $7,000/ton, nearly $2,000/ton higher over the last month – a ±$20,000 per contract move, including today’s 361-point ($3,6010) move today – with “no top in sight,” stated by The Hightower Report.

     

    Crypto:

     

    March Bitcoin futures are set to close at a new all-time high above 73,000 today.  With the Bitcoin ETF now trading, remember that the world’s largest futures and options exchange – the CME Group – offers Bitcoin and Micro Bitcoin futures and options with efficient price discovery in transparent futures markets, prices based on the regulated CME CF Bitcoin Reference Rate (BRR) and easily traded on your supported trading platform.  Make it your choice for managing cryptocurrency risk.

     

     

    Plan your trade and trade your plan

     

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

     

     

     

     

     

    Daily Levels for March 14th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Rollover, CPI & Futures Trading Levels for 03.12.24

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

    by John Thorpe, Senior Broker

     

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

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

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

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

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

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

     

     

    Plan your trade and trade your plan

     

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

     

     

     

     

    Daily Levels for March 12th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Weekly Newsletter: Understanding Open Interest, May Wheat Outlook and Automated System of the Week

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    Cannon Futures Weekly Letter Issue # 1185

    In this issue:
    • Important Notices – Change Your Clocks!
    • Trading Resource of the Week – Trade Alerts Via Email/Text
    • Hot Market of the Week – May Wheat
    • Broker’s Trading System of the Week – MidCap SP Swing System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Important Notices –

    • FED Blackout Period Begins Sat. 9th, lasts for 9 business days
    • A smattering of earnings. Mostly Microcap to Midcap: Adobe Reports
    • Tuesday and Thursday Data: CPI, Jobless claim , Retail sales and PPI
    • Begin Trading June indices if you haven’t already: M = June
    • Spring your Clocks forward for those countries that subscribe to Daylight Savings. 

     

     

    Trading Resource of the Week : Understanding Open Interest by CMEgroup.com

    Understanding Open Interest
    Open interest is the total number of futures contracts held by market participants at the end of the trading day. It is used as an indicator to determine market sentiment and the strength behind price trends.
    Unlike the total issued shares of a company, which typically remain constant, the number of outstanding futures contracts varies from day to day.
    Open interest is calculated by adding all the contracts from opened trades and subtracting the contracts when a trade is closed.
    For example, Sharon, Cynthia and Kurt are trading the same futures contract. If Sharon buys one contract to enter a long trade, open interest increases by one. Cynthia also goes long and buys six contracts, thereby increasing open interest to seven. If Kurt decides to short the market and sells three contracts, open interest again increases to 10.
    Open interest would remain at 10 until the traders exit their positions, at which point open interest declines. For example, open interest declines to nine when Sharon sells one contract. When Kurt decides to exit his position, he buys back his three contracts and brings open interest down to six. At this point, until Cynthia decides to sell her six contracts, open interest will remain constant at six.
    Open interest and volume are related concepts, one key difference is that volume counts all contracts that have been traded, while open interest is a total of contracts that remain open in the market.
    Traders can think of open interest as the cash flowing to the market. As open interest increases, more money is moving into the futures contract and as open interest declines money is moving out of the futures contract.
    CME Group products with the largest open interest include Eurodollars, Treasuries and stock index futures.
    Open Interest Analysis
    Analysts typically use open interest to confirm the strength of a trend. Increasing open interest is typically a confirmation of the trend whereas decreasing open interest can be a signal that the trend is losing strength.
    The idea is that traders are supporting the trend by entering the market that increases the open interest. As traders lose faith in the trend they exit the market and open interest declines.
    Open interest data is published at the end of each day. Additionally, every Friday afternoon, the CFTC publishes a report called the Commitment of Traders.
    This report details open interest from different classes of market participants and whether they are holding a long or short position. This breakdown offers valuable insights into what producers, merchants, processors, users, swap dealers and money managers are doing in the market for a futures contract.
    Open interest is one variable that many futures traders use in their analysis of the markets used in conjunction with other analysis to support trade decisions. Large changes in open interest can be an indicator when certain participants are entering or leaving the market and may give clues to market direction.

     

     

    • Hot Market of the Week – May Wheat
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    FREE TRIAL AVAILABLE
    May Wheat
    May wheat in Chicago broke down into a new contract low yesterday where the chart satisfied its third downside PriceCount objective. It would be normal to get a near term reaction from this level in the form of a consolidation or corrective trade, at least. At this point, IF you can sustain further weakness, we are left with the low percentage fourth objective to aim for around $4.20.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    MidCap SP
    SYSTEM TYPE
    Swing
    COST
    USD 110 / monthly
    Recommended Cannon Trading Starting Capital
    $50,000
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    Daily Levels for March 11th 2024

    Trading Reports for Next Week

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • NFP Tomorrow, Bitcoin Futures+ Futures Trading Levels for 03.08.24

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    Subscribe to our YouTube Channel

     

     

    NFP Tomorrow.

    Non Farm payrolls – market moving report.

    I personally like to be out few minutes before the report and look to get back in after the “smoke clears”.

    I know some traders who try to play the extremes by placing buy orders on the lower bands and/or sell orders on the upper bands and attach automated brackets to these orders, trying to take advantage of the fast market moves.

    Refer back to your journal and keep notes.

     

    Bitcoin Futures on The Chicago Mercantile Exchange

     

    With Bitcoin reaching unprecedented levels, investors are seeking dependable ways to participate. Apart from ETFs and complex offshore entities, the CME Group offers straightforward access to Futures on Bitcoin, Micro Bitcoin, Ether, and Micro Ether futures. Utilize a licensed broker to trade these futures on the esteemed CME Group exchange. Opportunities for engagement range from 1. self-directed trading 2. demo trials 3. opening an account seeking advice from a seasoned broker.

     

     

    Plan your trade and trade your plan

     

     

     

     

    Daily Levels for March 8th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Ahead of NFP + Futures Trading Levels for 03.06.2024

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    Bullet Points, Highlights, Announcements

     

    Heads up: 

     

    Keep an eye out for Friday (7:30 A.M., Central Time) for the release of the monthly Non-farm Payrolls report by the Labor Department.  It’s widely considered to be one of the most important and influential measures of the U.S. economy.

     

    To review, 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 household employees, domestic household workers and non-profit organization employees.  The report also includes other detailed industry 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.

     

    General:  

     

    It was truly an historical day yesterday.  Both the decades-old 100-oz gold futures contract and the seven-year-old Bitcoin futures contracts traded up to all-time highs.  Apart from any of the stock index futures contracts, rarely do we see simultaneous all-time highs for futures contracts.  April gold touched $2,150.50 per ounce (and is trading at new all-time highs again today), while the March Bitcoin futures hit 70,195 – before a significant ±10,000-point sell-off in a span of four hours around mid-session.

     

    But wait, there’s more!  May cocoa traded up to its own all-time high yesterday as well, hitting $6,660/metric ton intra-day.  This is a ±$26,000 move for cocoa in a little more than two months, having closed at $4,048 on Jan. 8.

     

    Three consecutive all-time highs in futures: gold, Bitcoin and cocoa.  Oh my!

     

    Energy:  

     

    Managing Director and Global Head of Commodity Strategy at Royal Bank of Canada’s Capital Markets Division.  That’s quite a title and it’s how Helima Croft’s business card reads.  She’s well regarded as a specialist in geopolitics and energy and along with her team of commodity strategists who cover energy and metals are seeing signs of the higher supply/lower demand imbalance in crude oil tipping in the other direction.  This is a macro prediction and not forecasting any sort of breakneck move to $100/barrel and it rests in part on the view that the U.S. will be unable to replicate its “blockbuster” output of 2023.  It also anticipates OPEC+ will look to press on with its aggressive production cuts having already committed to extending its 2.2 million barrel-a-day production cut through June.  The projection also sees the conflict in the Middle East as instilling a risk premium in energy prices that isn’t going away soon and may increase if the region sees a spread of hostilities.

     

     

     

    Plan your trade and trade your plan

     

     

     

     

    Daily Levels for March 7th, 2024

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

    Improve Your Trading Skills

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

  • Analysis of gold as we hit all time highs!

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    Gold’s Performance Against U.S., Asian Equities the Past Century

    By Erik Norland of CMEGroup.com

    Is gold a more profitable investment than equities over the long term? Our finding is that the value of gold has mostly held its own against the U.S. equity market since the S&P 500 time series began over 94 years ago (Figure 1). A well-defined picture of their performance through peaks and troughs is evident when the S&P 500 dollar value is repriced in gold, which is done by dividing the S&P 500 by the U.S. dollar price of one troy ounce of bullion (Figure 2).

    Figure 1: Overall, gold has nearly held its own versus equities over the past 100 years.

     

     

     

    The S&P 500/gold ratio has been subject to extremely strong trends and occasional periods of consolidation which correspond with different economic and geopolitical situations, some of which benefitted equities relative to gold and vice versa. Generally, equities have done better than gold during periods of geopolitical stability, disinflation and steady economic growth, while gold tends to outperform during periods of instability. Switching from one circumstance to another can set off powerful trends in the S&P 500/gold ratio that can last for years, even decades. The same goes for Asian equity markets when compared to gold, although the price history isn’t as long and the patterns differ both in equity market performance and trends in the currency market.

    Since the equity market’s peak on September 3, 1929, the S&P 500/gold ratio has been through six distinct eras:

    • 1929-1942: The Great Depression and the Rise of the Axis Powers: Between 1929 and 1933 S&P 500 fell by 86% in U.S. dollar terms. In 1933, the incoming Roosevelt Administration’s first action was to devalue the dollar versus gold from $23 to $35 per ounce, a 52% gain for anyone who was still able to hold on to gold. Between 1933 and 1942, equities stagnated as the U.S. struggled to recover from the Depression and as the Axis Powers of Germany, Italy and Japan reached their peak of expansion in 1942.
    • 1942-1968: Allied Victory, Bretton Woods and Superpower Parity: as the Allies turned the tide in the war, equity markets began to rally. Stocks continued upward with only brief pauses around the time of the Korean War and the Cuban missile crisis. Under the post-war Bretton Woods system of fixed exchange rates, the dollar remained fixed at $35 per ounce and foreign currencies were pegged to the dollar. The S&P 500 soared 1,165% versus the dollar and gold.
    • 1968-1980: Overheating and Stagflation: The combination of the Great Society program and Vietnam War overheated the U.S. economy, leading to successive waves of inflation. Amid rising prices, the U.S. dollar peg to gold was no longer tenable. In 1971, the Nixon Administration pulled the plug on Bretton Woods, setting off a rally in gold prices that took the yellow metal from $35 to $800 per ounce by the end of the decade. Equity prices traded sideways in a wide range during this period of uncertainty which also featured the U.S. withdrawal from Vietnam, the 1973 Arab Embargo, the Iranian Revolution and the Soviet invasion of Afghanistan. Relative to gold, the S&P 500 fell by 95%.
    • 1980-2000: Disinflation and Pax Americana: Over the course of two decades the S&P 500 rose by 4,137% versus gold as stock prices soared and precious metals retreated amid tight money, falling inflation and improved economic growth.
    • 2000-2011: The Tech Wreck, War on Terror and the Global Financial Crisis: during this period, the S&P 500 lost 89% in gold terms.
    • 2011-2021: Pax Americana Part 2: From 2011-2019 equities soared amid a slow, low-inflation recovery in the U.S. that sent the price of gold substantially lower. While equities fell in the early stages of the Covid-19 pandemic, fiscal stimulus and $4.9 trillion of Federal Reserve quantitative easing (QE) purchases initially benefitted equities more than gold. Overall, the S&P 500 outperformed gold by 337% during this time.

    What’s next? The S&P fell 28% versus gold from late 2021 through 2022, and despite its 2023 rebound led by mega-cap companies dubbed the Magnificent Seven, it remains 5% lower versus gold as of late February 2024 despite being about 6% above its 2021 highs when expressed in dollar terms. A few points are clear:

    • The S&P has lost its upside momentum versus gold.
    • The world may have entered a lasting period of geopolitical instability with Russia and other powers challenging the U.S.-led order.
    • It’s not clear if the U.S. and its peers will return to lastingly low levels of inflation or not.
    • Central banks have conducted the biggest tightening cycle in over 40 years, which may increase the risk of a global economic downturn and subsequent monetary easing.

    These points have the potential to turn the tide against U.S. equities, which are highly valued (see our related article here), in favor of hard assets like gold. But what about much less expensive equity markets like those in China, Japan and Korea? South Korea’s KOSPI Index, Japan’s Nikkei 225 and Hong Kong’s Hang Seng Index have their own strong trends versus gold.

    READ THE REST

     

    Plan your trade and trade your plan

     

     

     

     

    Daily Levels for March 6th, 2024

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

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

  • Heavy Data Week Ahead + Futures Trading Levels 3.05.2024

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    Stock Indices at all time highs…

    by John Thorpe, Senior Broker

     

    Where did the volatility go? Are the market prices of stock indices and interest rates now more data dependent than ever?

    I was reading a financial services Blog on Friday ,You may have read from Reuters, the WSJ, Bloomberg or other financial media outlets on Friday , the Fed published it’s semi-annual MPR or Monetary Policy Report in which the Fed warned of possible Financial sector risks. I wondered if this new data would impact the price of the stock indices we trade and if so how. With the VIX at pre-pandemic price levels, near lifetime lows, 13.62 as of this writing, what new data will create volatility this week, if any?

    For Data this week we have several potentially impactful events. ISM tomorrow would not be one of them.

    Wednesday @ 9:00 A.M. CST, the Honorable Jerome Powell will be giving congressional testimony on exactly that topic, the semi-annual MPR. I found an interesting paper for those who like to read and research the stock market reactions to testimony; here is a link to the PDF Cleve Fed White paper on the affect of FED Chair MPR testimony on Stock and Bond prices If you want the short version, Stock indices have historically been more volatile on Day 1 of any MPR testimony.. I’ve provided you with the link to the House Financial Services committee so you can watch live on Wednesday. https://financialservices.house.gov/

    Day 2 testimony on the Senate Floor, according to the research, has far less of an impact on stock index prices.

    As for another Data point this week, Look for Friday’s pre market, Monthly Non Farm Payrolls to “stir the drink” , especially if we see a surprise from current expectations. Here is the consensus from Econoday.com

     

    Plan your trade and trade your plan

     

     

     

    Daily Levels for March 5th, 2024

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

    Improve Your Trading Skills

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

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

  • Cannon Futures Weekly Letter Issue # 1184 + Futures Trading Levels for the week of 3.04.2024

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    Cannon Futures Weekly Letter Issue # 1184

     

    In this issue:
    •  Important Notices – Monetary Policy Congressional Testimony
    • Trading Resource of the Week – Trade Alerts Via Email/Text
    • Hot Market of the Week – April Unleaded
    • Broker’s Trading System of the Week – NQ Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

    Plan your trade and trade your plan

    Important Notices –
    • Earnings: incl. Broadcom,Costco,Target,Oracle and Crowdstrike
    • Hon. J.Powell: semiannual Monetary Policy Congressional Testimony/Wed
    • Data: NonFarm Payrolls/Employment Situation/Fri
    • Ag Data: WASDE and USDA Supply/Demand/Fri
    • June is front month for Bonds
    Trading Resource of the Week :
     Real Time Email and/or Text Alerts
    Directly to your Phone!
    • You will receive an email each time there is an entry or exit in a simple language along with the current price for that specific market.
    • Example: Buy April Crude Oil at 79.76 on limit. Target will be 83.54. Stop at 76.36
    • A licensed series 3 broker at your fingertips
    • Email alerts available to US and Canada and Int’l clients
    • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies, Meats & Softs
    • Alerts are SWING Trades
    • See an example of a recent trade alert for Crude Oil Futures in the image below – a new trade alert from Friday, March 1st

    Trade Alert Sample for Crude Oil futures below

     

    • Hot Market of the Week – April RBOB (unleaded)
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    FREE TRIAL AVAILABLE
    April RBOB completed its first upside PriceCount objective this month before setting back in a consolidation trade. At this point, IF the chart can resume its rally with new sustained highs, the second count would project a run to the $2.73 area which is consistent with a challenge of the fall high.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
       Broker’s Trading System of the Week
    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
     Anansi mini nasdaq 5
    PRODUCT
    Mini NASDAQ 100
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $30,000
    COST
    USD 245 / 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.
    Would you like to get weekly updates on real-time, results of systems mentioned above?
    Yes
    No

    Daily Levels for March 4th, 2024

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    Weekly Levels

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

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

  • Trade Management + Futures Trading Levels 3.01.2024

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    Trade management is more important than Market Analysis….

    I have done this so many times before, my colleagues tell me when it happens to them as well as some of my clients….You have the perfect read on the market. The market actually ends up doing what you thought it would and in a BIG way…yet somehow you managed to LOSE money despite your perfect analysis. To me this is sometimes more frustrating than having a bad losing day.

    What happened?

    Poor trade management, that’s what happened.

    Yes, reading the market well is a much needed quality if you plan on making money rather than contributing donations to the market but more important is how you manage the trade / position once you read the market. Much easier said than done, especially after the fact but here are some tips that I am hoping will assist you in the next time you have a good market read.

    By the way, the reason to this quick trading tidbit is the stock market rally we saw today in stock indices. Both my colleague and I “had the right analysis” on this possible rally yet he managed to lose and get stopped out twice while I took a small piece of the rally BUT not nearly as much as I should have….

    1.      You don’t have a crystal ball. To think you can buy an ES contract in this volatility and use a 2 point stop in hopes of making 20 points profit is a very low probability event…you would need to buy it at the PEREFECT time for this to happen. Point is, with higher volatility you need to use WIDER stops to give yourself a chance. That may mean using SMALLER trade size.

    2.      If you are able to, share your read with another trader, it may provide you with a better perspective just by sharing.

    3.      If you think there is room for a big move or what we call a “runner” – be prepared to for the pullbacks. Use multiple time frames to gain a better perspective and hang in there for the big move, if this is what you think can happen.

    4.      If you have enough risk capital, try to use multiple contracts, example buying 2 rather than 1. Taking profit on the first part of the position will help you relax and look at what the market is really telling you rather than what you would like it to say. It helps reduce both the fear and the greed.

    5.      “Plan your trade, trade your plan”

    Again these are just some short pointers, written quickly after today’s session in hopes of helping you when you face a similar situation.

     

    Plan your trade and trade your plan

     

     

     

    Daily Levels for March 1st, 2024

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

    Improve Your Trading Skills

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

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

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    PCE, Bitcoin and More

    By Mark O’Brien, Senior Broker

     

    Heads up: 

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

    General: 

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

    Crypto: 

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

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

     

     

    Energy: 

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

     

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

     

    Plan your trade and trade your plan

     

     

     

    Daily Levels for February 29th, 2024

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

    Improve Your Trading Skills

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

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

  • 2024 World Cup Trading Championships + Levels for 02.28.24

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    The 2024 World Cup Trading Championships® are just around the corner.

    You are invited to enter the ultimate trading challenge, where some of the world’s best Futures and Forex traders compete.

    The World Cup Trading Championships have been held since 1983 and are the most prestigious trading competitions in the industry. The winners of each division will prove that they are the best of the best.

    The top profitable Entrants will be eligible to receive a magnificent pewter Bull and Bear trophy or a beautiful crystal Bull and Bear Trophy.

    Real-money competitions based on net returns – no entry fee required.

    Take on traders from across the globe to compete for coveted Bull & Bear trophies, glory, and new career opportunities.

    Do you have what it takes?

    ENTER NOW!

    Contact us at 1-310-859-9572 or Visit Us on the Web

     

     

    Daily Levels for February 28th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Heavy Data Week Ahead + Futures Trading Levels 2.27.2024

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    Heavy Data Week Ahead

    by John Thorpe, Senior Broker

     

    Will this be additional Grist for the bullish mill?

    With such a heavy data week, durable goods, consumer confidence, GDP for the 2nd estimate of Fourth Quarter economic activity as follows:

    Jobless claims and ISM, 11 Fed Speakers and the Earnings season just about over, perhaps the market will be leaping forward, by weeks end: or not.

    The main event for investors this week will be core personal consumption expenditures price index (PCE) and is the Fed’s preferred measure of inflation due on Thursday @ 7:30 a.m. CST.

    Core PCE Price Expectations for Y/Y range is +2.8-2.9% with PCE M/M in a range of -0.1 to 0.4%. per Econoday.com. Hotter readings from other data sets have increased the likelihood that this measure may also top expectations and delay even further a fed rate reduction.

    Markets are currently pricing in a 20% chance the fed will ease rates first during the May meeting when nearly a month ago the May decrease carried a probability of nearly 90 percent per the CME Fedwatch tool.

    Plan your trade and trade your plan

     

     

    Daily Levels for February 27th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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    Cannon Futures Weekly Letter Issue # 1183

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

     

    Important Notices –

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

     

     

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

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

     

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

     

     

    • Hot Market of the Week – July Wheat
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    FREE TRIAL AVAILABLE
    July Wheat
    July wheat satisfied its third downside PriceCount objective and reacted with a key reversal with follow through to start today. At this point, IF the chart can resume its break with new sustained lows, we are left with only the low percentage fourth count to aim for in in the $4.62 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

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

     

    Daily Levels for February 26th 2024

    Trading Reports for Next Week

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Highlights & Announcements + Futures Trading Levels for 02.23.24

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

     

     

    Bullet Points, Highlights, Announcements

     

    General / Stock Indexes: 

     

    You can’t keep a good index down.  When the stock price of a member of the Magnificent Seven Stocks – artificial-intelligence chip leader Nvidia – advances 15% for the day on its quarterly earnings report and the company’s market cap. approaches $2-Trillion, it moves the stock indexes of which it is a component – the Nasdaq 100 and the S&P 500. 

     

    Their related futures contracts lead the way with the S&P 500 claiming its largest daily increase in months – over 105 points at this typing – to new all-time highs for the contract, pushing over 5,100.  The E-mini Nasdaq advanced ±550 points over 18,000 and the E-mini Dow Jones added over ±500 points to set its own new all-time high near 39,200.

     

    Not to be outdone, Japan’s main stock index, the Nikkei 225, closed at its own new all-time high above 39,000, a level it set 34 years ago before the country fell into the doldrums of a deflationary economy.  In fact, the Nikkei has been the world’s best-performing major index in 2024, surging ±17.5% only two months into the year and trouncing the impressive ±5% advance of the S&P 500.  Ironically, Japan is still amidst a recession and just fell behind Germany to the no. 4 spot among the world’s leading economies.

     

    Largest economies in the world by GDP (nominal) in 2023

    according to International Monetary Fund estimates

    Metals: 

     

    After a week-long ±$50 break to below $2,000/oz. intraday on Feb. 14, April gold recovered ±$30 and has stayed rangebound over the last few trading sessions as the minutes of the Fed’s late-January meeting released yesterday showed that the bank was in no hurry to begin cutting interest rates.

     

    Grains: 

     

    March corn futures dropped to three-year lows today, trading within five cents of $4.00 per bushel on plentiful domestic supply and signals that South America will harvest strong crops this year.

     

    Energies: 

     

    Signs of production declines sent natural gas futures contracts into rally mode this week with the front month March contract seeing a ±20-cent increase off its life-of-contract lows – a ±$2,000 move.  U.S. exploration and production company Chesapeake Energy signaled it plans to reduce its natural gas production this year by roughly 30% given extremely low prices.

     

     

    Daily Levels for February 23rd, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Natural Gas Daily Chart + Futures Trading Levels for 02.22.24

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

     

     

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

    Natural Gas bounced sharply on news that Chesapeake cuts production outlook

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

    Natural Gas Daily Chart for review below:

     

     

     

     

    Daily Levels for February 22nd, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Where do I take profit? + Futures Trading Levels for 02.21.24

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

     

    Trading Futures Platform CTS T4

     

    FOMC Minutes tomorrow at 1 PM Central. Market moving event.

    Lets talk about a “good problem”…you are in a winning trade, where should you exit?

    Take a look at the video below for some ideas.

     

    Projecting possible targets when trading futures

     

    Daily Levels for February 21st, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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

    Cannon Futures Weekly Letter Issue # 1182

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

     

    Important Events Coming Up –

     

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

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

     

    Gold futures recent trade alert below:
    Looking to sell gold on a bounce to 2023.0
    Stop is 2062.0, target is 1981.0

     

     

    • Hot Market of the Week – April Crude Oil
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    FREE TRIAL AVAILABLE
    April Crude Oil
    April crude oil activated upside PriceCounts last month but has continued to struggle with resistance around $78. If the chart can extend its rally with a sustained trade above $78, the first count would project a run to the 81.98 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

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

     

    Daily Levels for February 19th/20th 2024

    Trading Reports for Next Week

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Short Term Options Strategies + Futures Trading Levels for 02.16.24

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

     

     

    President’s Day is this Monday, view modified Schedule here.

     

    4 MIN READ

    Short-Term Options in Commodities: Potential Benefits and Applications Part 2

    By Adila McHich CMEGroup.com

    Short-terms options are flexible tools for tactical trading strategies to mitigate specific event risks or make a directional bet on price movement in the short term. The trading volume of these types of options in commodities has grown tremendously in recent years because they appeal to different types of traders regardless of their time horizon or thesis. This article, which is Part 2 of a two-part series explains the macro and idiosyncratic (commodity-specific) market events and their applications using short-term options in commodities.

    Commodity prices are determined based on a confluence of macro and idiosyncratic factors. As such, commodity price fluctuations are largely driven by fundamental (supply/demand) and cyclical factors (macro) tied to the business cycle and the economic activity, in addition to other exogenous market events such as geopolitical risk and weather events. These various factors can sometimes morph into a jump risk (tail risk), especially if the market event is significant enough and unanticipated. The short duration of these options offers more flexibility to target a specific market event.

    Examples of economic data releases:

    • ISM manufacturing index
    • Central bank announcements
    • GDP growth
    • Unemployment rate
    • Consumer Price Index, Producer Price Index
    • Consumer confidence, etc.

    Example 1: Using Crude Oil Weekly options for directional trade on the ISM

    A trader expects oil prices to rise in response to the release of the ISM Manufacturing index which measures the activity of the manufacturing sector. This leading indicator is important and closely watched by the market because it is used as a proxy for the overall state of the U.S. economy. A level of 50 and above reflects economic expansion while below 50 signals a contraction. The ISM tends to move in tandem with oil prices in the long run as the result of their linkage from the demand side. Chart 1 depicts the intertwined relationship between ISM index and price changes of oil. The YoY oil prices changes are used to remove the cyclicality variations. An increase in ISM indicates a rise in manufacturing activity that requires more oil as input which would consequently lead to an increase in oil demand and prices. Additionally, this long-term linkage gives insight into the underlying momentum of the economy and oil markets and their projected trajectories. Though, this relationship can sometimes be decoupled in the short term due to other factors that affect oil prices such supply shocks (OPEC meeting, geopolitical event etc.)

    Chart 1: Strong relationship between the ISM and Crude Oil

    ➜ Finish Article

     

    Daily Levels for February 16th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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

     

     

    Treasury Auctions and Earnings

    By Mark O’Brien, Senior Broker

     

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

     

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

     

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

     

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

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

    For a free trial of the indicator, click here.

     

     

     

    Daily Levels for February 15th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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

     

     

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

     

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

     

     

     

    Daily Levels for February 14th, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • CPI Pre Market tomorrow morning + Futures Trading Levels 2.13.2024

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

     

    Margin Trading

     

    CPI Pre Market tomorrow morning 7:30 A.M. CST

     

    Some clearing firms are increasing the day trade margin requirements, prior to and immediately following the release.

    The market exhibits serious, sharp moves during some of these events, especially if the number falls outside the expectations of the market.

     

    • The Consumer Price Index likely rose 2.9% over the year ending January, the slowest year-over-year inflation since March 2021, forecasters predict.

     

    • Policymakers at the Federal Reserve are watching inflation data closely to determine how soon, and how quickly, to cut the Fed’s key interest rate.

     

    • The CPI, a widely-watched gauge of inflation compiled by the Bureau of Labor Statistics, likely rose 2.9% over 12 months ending January, the lowest in nearly three years, according to a survey of economists by Dow Jones Newswires and the Wall Street Journal.

     

     

    • Forecasters are anticipating January’s report to more than wipe out an unwelcome uptick in December.

     

     

    • This and other inflation data over the next few months could be key in determining how soon, and how quickly, the Federal Reserve will cut its benchmark interest rate.

     

    Plan your trade and trade your plan

     

     

    Daily Levels for February 13th, 2024

     

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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

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

    Cannon Futures Weekly Letter Issue # 1181

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

     

    Important Notices –

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

     

     

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

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

     

     

     

    • Hot Market of the Week – March Soymeal
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    FREE TRIAL AVAILABLE
    March Meal
    March soymeal resumed its slide where the chart is approaching its third downside PriceCount objective in the $340 area. It would be normal to get a reaction after completing the objective in the form of a near term consolidation or corrective trade, at least. The low percentage fourth count to $231 is not shown here for relevancy but the weekly chart shows significant downside potential remains on a longer term basis.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

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

     

    Daily Levels for February 5th 2024

    Trading Reports for Next Week

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Micro Treasury Yield Futures + Futures Trading Levels for 02.09.24

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

     

     

    4 MIN READ

    US TREASURY

    Spreading Treasury Yield Futures

    By CME Group

    05 FEB 2024

    Although the Federal Reserve (the Fed) has been on pause when it comes to interest rate hikes since the summer of 2023, economic uncertainty still looms. The Fed is reducing the size of its balance sheet by decreasing holdings of Treasury and mortgage backed securities, and it is ambiguous on when the first rate cuts will take place.

    Given the uncertain economic environment, it is as important as ever to manage Treasury yield curve risk.

    Treasury yields

    The United States Treasury market stands as one of the largest and most crucial financial markets globally, playing a pivotal role in the functioning of the global economy. The magnitude of the U.S. Treasury market reflects its significance as a safe haven for investors, central banks and institutions seeking low-risk assets. Treasury maturities across the yield serve as an important reference point for risk management across various markets.

    ➜ Finish Article

     

     

    Daily Levels for February 9th, 2024

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

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

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

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

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

     

    New Highs and New Lows…..

    By Mark O’Brien, Senior Broker

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

     

    Softs: 

     

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

     

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

    Monthly Cocoa Chart for your review below!

     

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

     

    Indexes: 

     

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

     

    Energy: 

     

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

     

    March Cocoa Futures Chart

    Daily Levels for February 8th, 2024

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

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

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Understanding Psychological Biases that can affect your trading plan + Levels for February 7th 2024

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    Understanding psychological biases at work that can affect your trading plan

    List generated by  By John Thorpe, Senior Broker

    Technical analysis is not a flawless science, and it is susceptible to various biases that can impact trading decisions and performance. Recognizing and addressing these biases is essential for becoming a more disciplined and successful trader.

    Here are some common technical analysis biases and strategies to avoid or overcome them:

    • Confirmation Bias:
      • Bias: This occurs when traders only seek or give importance to information that confirms their existing beliefs or positions.
      • Avoidance Strategy: Actively seek out information and technical signals that might contradict your initial analysis. Be open to changing your view based on objective data rather than personal bias.
    • Overfitting Bias:
      • Bias: Overfitting happens when traders use too many technical indicators, parameters, or complex strategies to fit historical data perfectly, but these strategies may not perform well in future markets.
      • Avoidance Strategy: Keep your technical analysis simple and use a limited number of well-established indicators and patterns. Focus on robust strategies that have demonstrated reliability over time.
    • Recency Bias:
      • Bias: Traders tend to give more importance to recent price movements and patterns, assuming they will continue, while ignoring longer-term trends or historical context.
      • Avoidance Strategy: Consider a longer time horizon and look at historical price data to gain perspective. Avoid making impulsive decisions based solely on recent price action.
    • Anchoring Bias:
      • Bias: This bias occurs when traders fixate on a specific price level or a reference point, often the entry price, and refuse to adjust their positions or exit strategies accordingly.
      • Avoidance Strategy: Regularly reassess your positions and set stop-loss and take-profit levels based on current market conditions rather than anchoring to an arbitrary point.
    • Availability Bias:
      • Bias: Traders might rely too heavily on readily available information or recent news, leading to biased analysis and decision-making.
      • Avoidance Strategy: Seek a variety of information sources and avoid making hasty decisions based solely on the latest news. Maintain a broader perspective on market fundamentals.
    • Gambler’s Fallacy:
      • Bias: Traders may believe that past events, like a series of losses, increase the likelihood of future events, such as a win, even though markets are not governed by probability in the same way as games of chance.
      • Avoidance Strategy: Trade based on sound technical and fundamental analysis rather than expecting a change in luck. Each trade should be evaluated independently.
    • Emotional Bias:
      • Bias: Emotional responses, such as fear and greed, can cloud judgment and lead to impulsive decisions.
      • Avoidance Strategy: Develop a trading plan with predefined entry and exit points, risk tolerance, and position sizing. Stick to your plan and avoid letting emotions drive your actions.
    • Hindsight Bias:
      • Bias: After a trade has concluded, traders may believe they knew the outcome all along, leading to overconfidence in their abilities.
      • Avoidance Strategy: Keep a trading journal to record your analysis, decisions, and outcomes. This will help you learn from your experiences and avoid hindsight bias.
    • Self-Attribution Bias:
      • Bias: Traders may attribute successful trades to their skill and unsuccessful trades to external factors or bad luck.
      • Avoidance Strategy: Be honest with yourself about your strengths and weaknesses as a trader. Analyze both winning and losing trades to identify areas for improvement.
    • Anxiety Bias:
      • Bias: Anxiety can lead to hesitation or overtrading, causing traders to miss opportunities or make impulsive decisions.
      • Avoidance Strategy: Implement stress-reduction techniques, maintain discipline, and stick to a well-defined trading plan to mitigate anxiety-related biases.

    Being aware of these biases is the first step toward becoming a more rational and disciplined trader. It’s also beneficial to continuously educate yourself, practice risk management, and seek feedback from mentors or peers to improve your trading skills and reduce the impact of these biases on your performance.

     

    Daily Levels for February 7th, 2024

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

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

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Earnings, Heavy Fed speaker week, light data week, Thursday WASDE for the Ag traders among us.

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    The Week Ahead: Earnings, Heavy Fed speaker week, light data week, Thursday WASDE for the Ag traders among us.

    By John Thorpe, Senior Broker

     

    McDonalds is a featured Dow stock on the earnings front this week, after todays close,

    Other stocks of note this week. Eli Lilly before the open Tuesday, expectations are for a boost of 2.36 EPS per analysts on rev of 9 Billion. After Wednesday’s close Walt Disney will report , with expectations of 1.04 EPS on revenue of 23.8 billion.

     

    In case you missed the 60 Minutes interview with Fed Chair Powell Sunday night. Here is a brief synopsis:

    Noting that US growth is “solid” and the labor market “strong”, Jerome Powell said in a 60 Minutes TV interview on Sunday that the Federal Reserve “can approach the question of when to begin to reduce interest rates carefully.” Powell repeated comments from last week’s FOMC press conference that the Fed wants to see more progress on inflation before cutting rates. Powell downplayed chances that the Fed would begin cutting rates at its next meeting in March, saying policymakers want to be as confident as they can that inflation is on the path to the Fed’s two percent target. Yet he said “almost every single person” on the FOMC believes it would be appropriate to begin cutting rates sometime this year.

    Tuesday we have 4 Fed Speakers , Mester, Kashkari, Collins, and Harker, Wednesday we have 4 again,

    Kugler, Collins for a second time in the week, Barkin and Brown. On Thursday two speeches by the same governor Barkin, 3 hours apart and a lone speaker rounds out the week on Friday, Logan.

     

    And on Thursday the USDA Supply and Demand numbers will be released for the country and the world.

     

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

    Daily Levels for February 5th, 2024

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

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

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Weekly Newsletter: Hedging Guide, Copper Outlook, CME Fees, 1099s and more….

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    Cannon Futures Weekly Letter Issue # 1180

    In this issue:
    • Important Notices – 1099 Forms, CME Fees, FN & LT Days
    • Trading Resource of the Week – Futures Hedging Self Study Guide
    • Hot Market of the Week – March Copper
    • Broker’s Trading System of the Week – ES Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Important Notices –

      • 1099 forms will be generated for all futures trading accounts held by US clients that placed any trades during the 2023 calendar year. Traders should expect to receive their 1099 forms via mail, email or through their portal in early February.
      1099 forms will be provided directly from the FCM to the client.
      • CME Fees Increase Update:
      In a Special Executive Report released by the CME Group, it was announced that effective February 1, 2024, a number of transaction fees will see amended (increased) exchange / transaction fees.
      Effective February 1, the CME Group is raising the exchange fees for a number of futures contracts.
      For the CME E-mini equity products: E-mini S&P 500 (ES), E-mini Nasdaq (NQ), E-mini Dow Jones (YM) and E-mini Russelll 2000 (RTY), fees are going up by 5 cents, from $1.33 to $1.38
      For the NYMEX energy products: Crude oil (CL), Heating oil (HO), RBOB Unleaded gas (RBOB) and Natural gas (NG) fees are going up by 10 cents, from $1.50 to $1.60
      For the COMEX metals products: Gold (GC), Silver (SI), Copper (HG) and Platinum (PL) fees are going up by 5 cents, from $1.55 to $1.60
      For the COMEX E-mini metals products: miNY gold (QO), miNY silver (QI), miNY copper (QC) fees are going up by 25 cents, from $0.75 to $1.00
      • 566 earnings reports next week
      • WASDE Report
      • 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.

     

     

     

     

    Trading Resource of the Week : Futures Hedging Self Study Guide!

    Self-Study Guide to Hedging with Grain and Oilseed Futures and Options. Regardless if you are a farmer, rancher or simply looking to trade grains and livestock futures, this guide will help you understand the ins and outs of trading and hedging using futures and options.
    ·    How to Hedge Grain Risk
    ·    Livestock Hedging and Risk Management
    ·    Self Study Guide to Hedging with Grain and Oil Seed

     

     

     

    • Hot Market of the Week – March Copper
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    FREE TRIAL AVAILABLE
    March Copper
    March copper completed its first upside PriceCount objective and has settled into a range bound trade. IF the chart can resume its rally with new sustained highs, it would project a possible run to the second count in the 4.03 area, consistent with a challenge of the August high.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    COST
    USD 85 / monthly
    Recommended Cannon Trading Starting Capital
    $15,000
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    Daily Levels for February 5th 2024

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

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

    Trading Reports for Next Week

    Trading Reports for Next Week

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • NFP Report, Event Contracts + Futures Trading Levels for 02.02.24

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

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

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

    On different note:

    Upgrades to the event contract suite offer more opportunities for you to trade your market views.

     

    The size of an event contract is increasing to $100

    Updated sizes align more closely to the probability of a trade’s success. For example, if the price of a position is $65 there’s approximately 65% probability that this event will occur.

     

    Introducing longer-dated expiries

    Add quarter- and year-end event contracts on E-mini S&P 500 and Nasdaq-100 futures to your portfolio. With the addition of more expiries, place your long-term prediction on the Equity Index futures markets.

     

     

    What are event contracts?

     

    With event contracts, you can express your views on whether the markets will close above a certain price by choosing a “yes” or a “no” prediction. These contracts offer an intuitive, limited-risk way to trade 11 of the world’s most important futures markets.

     

     Access helpful resources

    Daily Levels for February 2nd, 2024

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

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

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • CME Fees Increase Update + Levels for 02.1.24

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    CME Fees Increase Update:

    Effective tomorrow, February 1, the CME Group is raising the exchange fees for a number of futures contracts.

    For the CME E-mini equity products: E-mini S&P 500 (ES), E-mini Nasdaq (NQ), E-mini Dow Jones (YM) and E-mini Russelll 2000 (RTY), fees are going up by 5 cents, from $1.33 to $1.38

    For the NYMEX energy products: Crude oil (CL), Heating oil (HO), RBOB Unleaded gas (RBOB) and Natural gas (NG) fees are going up by 10 cents, from $1.50 to $1.60

    For the COMEX metals products: Gold (GC), Silver (SI), Copper (HG) and Platinum (PL) fees are going up by 5 cents, from $1.55 to $1.60

    For the COMEX E-mini metals products: miNY gold (QO), miNY silver (QI), miNY copper (QC) fees are going up by 25 cents, from $0.75 to $1.00

    All other products / symbols will remain the same.

    Daily Levels for February 1st, 2024

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • FOMC Tomorrow + Levels for 01.31.24

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    March is front month for stock indices.

    Symbol for March is H, so example ESH24

    FOMC Rate decision tomorrow.

    The last few FOMC meetings I looked for trades until around 930 AM Central time and then somewhat “took a step back”.

    I would then follow closely around 1 PM Central when the announcement comes out but try to not pull the trigger until 1:15/ 1:30 when the smoke clears.

    This is of course just my personal preferences and every trader is different.

    Take notes after the trading session so you can look back and refer the next FOMC meeting….

    Below are some additional tips/observations I have taken notes of for myself:

    ·    ·Reduce trading size

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

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

    ·    Expect the higher volatility during and right after the announcement

    ·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.

    ·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.

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

    ·    The rate announcement comes out exactly at 1 PM central. As of this morning there is a 98% chance of no change in rates.

    ·    Traders will pay EXTRA attention to the language and the Q&A which starts at 1:30 PM Central

    ·    Be patient and be disciplined

    ·    If in doubt, stay out!!

    Daily Levels for January 31st 2024

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

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Big Data Week Ahead! + Levels for 01.30.2024

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    The Week Ahead: A Big Data Rich Week! For the markets.

    By John Thorpe, Senior Broker

     

    The Super Bowl Teams are set for two weeks from now- Congrats to the NFL Conference Champions! Kansas City and San Francisco!

    Quite a bit of excitement surrounds the markets this week as the following will grace our calendars.

    Earnings, Jay Powell, Data.

    You will have a hard time ignoring many of these direction moving events.

    First, on Tuesday , Consumer Confidence and Jolts and both will be released @9:00am CST.

    Second, A one-two punch, GOOGL announces earnings after the close. Average analysts guess is $1.59 EPS on Revenue of 85.3 Bil. We aren’t done, MSFT also announces after the close. $2.78 EPS and 61.1 bil revenue are the estimates here. (day one of the Fed meeting also occurs today) Other important earnings , UPS, SBUX, PFE, GM, AMD .

    Then on Wednesday, FOMC Rate decision @ 1:00 pm CST , expectations are to remain. No change,

    Jay Powell presser 30 minutes later.

    We kick off Thursday @ 7:30 am CST with Jobless claims, the 4 week MA is 202k

    And hour and a half later , ISM Manufacturing index is released, this has been in contraction the past 14 weeks. Expectations are for much the same.

    The Biggest news of the day will likely be earnings from AMZN (exp .80 EPS, rev +11.4% and AAPL (exp 2.10 eps, rev 117.9 bil) after the close.

     

    Fireworks Friday begins at 7:30 am CST with the nonfarm payrolls, here are the expectations from Econoday.

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

    Daily Levels for January 30th 2024

     

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

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

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Weekly Newsletter: Free Trading Consultation + Futures Trading Levels for Jan. 29th

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    Cannon Futures Weekly Letter Issue # 1179

    In this issue:
    •  Important Notices – 2024 World Cup Trading Championship
    • Trading Resource of the Week – FREE Trader’s Consultation
    • Hot Market of the Week – April Hogs
    • Broker’s Trading System of the Week – NQ Swing Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week

     

    Important Notices –

    The 2024 World Cup Trading Championships® are just around the corner.

    You are invited to enter the ultimate trading challenge, where some of the world’s best Futures and Forex traders compete.

    The World Cup Trading Championships have been held since 1983 and are the most prestigious trading competitions in the industry. The winners of each division will prove that they are the best of the best.

    The top profitable Entrants will be eligible to receive a magnificent pewter Bull and Bear trophy or a beautiful crystal Bull and Bear Trophy.

    Real-money competitions based on net returns – no entry fee required.

    Take on traders from across the globe to compete for coveted Bull & Bear trophies, glory, and new career opportunities.

    Do you have what it takes?

    ENTER NOW!

    Contact us at 1-310-859-9572 or Visit Us on the Web

     

     

     

     

    Trading Resource of the Week : Book a Trading Consultation ( FREE, no obligation!)with a Cannon Trading Series 3 Broker

    Available to both Clients and prospects!

    • Immediately increase your software and computer competence
    • Valuable order entry tips
    • Help create a personalized workspace
    • Compare multiple trading software
    • Get to know your Broker
    • Learning Options strategies

    In this complimentary call or screen share session, which can last up to 30 minutes, you will have the opportunity to seek guidance and pose questions to our expert on a wide range of topics. These topics include, but are not limited to:

    • – Gaining insight into day trading margins.
    • – Assessing and reviewing various trading platforms and technologies.
    • – A comprehensive breakdown of fees.
    • – Exploring different trading methods.
    • – Understanding options on futures.
    • – Delving into Order Flow.
    • – Learning about Proprietary Trading.
    • – Insights into CME membership.
    • – Exploring Trading Psychology.
    • – The impact of economic reports on trading.
    • – AND MUCH MORE… We will tailor the session to your specific needs and inquiries.

    BOOK NOW – Limited Availability

     

     

     

    • Hot Market of the Week – April Hogs
    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    FREE TRIAL AVAILABLE
    April Hogs
    April hogs stabilized their slide after completing the first downside PriceCount objective. Now, on the correction higher, the chart has activated upside counts and is taking aim at the first target in the 84.98 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    NEO SPECTRUM NQ E-mini Nasdaq
    PRODUCT
    SYSTEM TYPE
    Swing
    COST
    USD 395 / monthly
    Recommended Cannon Trading Starting Capital
    $100,000
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    Daily Levels for January 29th 2024

     

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

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

     

    Trading Reports for Next Week

     

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • Trading Consultation + Levels for 01.26.24

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

    Why book a screen share ( FREE, no obligation!)with a Cannon Trading Series 3 Broker?

    Available to both Clients and prospects!

    • Immediately increase your software and computer competence
    • Valuable order entry tips
    • Help create a personalized workspace
    • Compare multiple trading software
    • Get to know your Broker
    • Learning Options strategies

    In this complimentary call or screen share session, which can last up to 30 minutes, you will have the opportunity to seek guidance and pose questions to our expert on a wide range of topics. These topics include, but are not limited to:

    • – Gaining insight into day trading margins.
    • – Assessing and reviewing various trading platforms and technologies.
    • – A comprehensive breakdown of fees.
    • – Exploring different trading methods.
    • – Understanding options on futures.
    • – Delving into Order Flow.
    • – Learning about Proprietary Trading.
    • – Insights into CME membership.
    • – Exploring Trading Psychology.
    • – The impact of economic reports on trading.
    • – AND MUCH MORE… We will tailor the session to your specific needs and inquiries.

    BOOK NOW – Limited Availability

    Daily Levels for January 26th 2024

     

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

    Improve Your Trading Skills

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

    Explore trading methods. Register Here

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

  • GDP Numbers Tomorrow! + Futures Trading Levels for 01.25.24

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    GDP

    By Mark O’Brien, Senior Broker

     

    We frequently provide overviews of certain futures markets and their price outlook in the context of our country’s economic outlook – and with good reason. The U.S. ranks no. 1 in GDP at ± $20 trillion annually based on the most recent data available from the World Bank. But as far as futures traders should be concerned, the country that should be watched is China.

     

    China’s GDP of ±$17 trillion (2021 est.) is second in the world and accounts for around 18% of the global economy. It has been the world’s largest manufacturing nation since 2010, the second largest in high-tech manufacturing since 2012, is the world’s leader in electric vehicle consumption and production and it leads the world in e-commerce, accounting for over 37% of the global market share in 2021. For 124 other countries, China is the number on trading partner. Notable for commodity traders, China is the world’s biggest importer of natural resources. Think crude oil (no. 1 at ±10 million barrels a day), coal (no. 1), iron ore and copper (no. 1 at 58% of the world’s imports). It’s the number one wheat and corn importer. It imports a staggering 65% of the world’s soybean production (no. 1). China accounts for roughly 30% of world’s beef imports (no. 1 at over 6 billion pounds annually and almost twice that of no. 2 U.S.)

     

    China is truly one of the most consequential players in international trade, a primary force for commodities prices. If you trade commodity futures, their economic health – or lack of – is worthy of your attention.

     

     

     

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

    Futures Trading Levels

    01-25-2024

     

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

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

     

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • 2024 World Cup Trading Championships + Levels for 01.24.24

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    The 2024 World Cup Trading Championships® are just around the corner.

    You are invited to enter the ultimate trading challenge, where some of the world’s best Futures and Forex traders compete.

    The World Cup Trading Championships have been held since 1983 and are the most prestigious trading competitions in the industry. The winners of each division will prove that they are the best of the best.

    The top profitable Entrants will be eligible to receive a magnificent pewter Bull and Bear trophy or a beautiful crystal Bull and Bear Trophy.

    Real-money competitions based on net returns – no entry fee required.

    Take on traders from across the globe to compete for coveted Bull & Bear trophies, glory, and new career opportunities.

    Do you have what it takes?

    ENTER NOW!

    Contact us at 1-310-859-9572 or Visit Us on the Web

     

     

     

     

     

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

    Futures Trading Levels

    01-24-2024

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

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

     

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

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

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

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

    By John Thorpe, Senior Broker

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

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

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

     

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

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

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

     

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

     

     

     

     

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

    Futures Trading Levels

    01-23-2024

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

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

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

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

    Cannon Futures Weekly Newsletter Issue # 1178

     

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

    In this issue:

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

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

     

     

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

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

     

     

     

      • Hot Market of the Week – March Feeder Cattle

      Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
      March Feeder Cattle
      March feeder cattle stabilized their break last month after satisfying the fourth downside PriceCount objective. On the correction higher, the chart activated upside counts with the first objective projecting a run to the 238.53 area.
      PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

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

     

     

    • Trading Levels for Next Week

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

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

    Trading Reports for Next Week

     

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

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

     

    Good Trading!
    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
  • 2024 World Cup Trading Championships + Levels for 01.19.24

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    The 2024 World Cup Trading Championships® are just around the corner.

    You are invited to enter the ultimate trading challenge, where some of the world’s best Futures and Forex traders compete.

    The World Cup Trading Championships have been held since 1983 and are the most prestigious trading competitions in the industry. The winners of each division will prove that they are the best of the best.

    The top profitable Entrants will be eligible to receive a magnificent pewter Bull and Bear trophy or a beautiful crystal Bull and Bear Trophy.

    Real-money competitions based on net returns – no entry fee required.

    Take on traders from across the globe to compete for coveted Bull & Bear trophies, glory, and new career opportunities.

    Do you have what it takes?

    ENTER NOW!

    Contact us at 1-310-859-9572 or Visit Us on the Web

     

     

     

     

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

    Futures Trading Levels

    01-19-2024

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

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

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • Gold Outlook, Crude Oil & Nat Gas Numbers Tomorrow! +Futures Trading Levels for 01.18.24

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    Talking Gold Futures

    By Mark O’Brien, Senior Broker

    A six-month decline followed by a two-month rally of almost equal price movement. On April 4, Feb gold traded to its all time high of $2,140.30 per ounce. Almost six months to the day, on Oct. 6, the benchmark precious metal had declined ±$300 per ounce (a ±$30,000 move) to $1,842.50. Then, within almost an exact two-month span, on the Sunday Dec. 4th opening of trading, Feb. gold capped a ±$300 per ounce rally, trading briefly up to a new all-time high of $2,152.50. Today, gold prices fell to a more than one-month low, trading intra-day to $2,004.60 per ounce. Credit strong economic data that strengthened dollar and Treasury yields and lowered market expectations of a U.S. rate cut in March. The Commerce Department reported a more-than-expected rise in U.S. retail sales for December. This followed the strong gains in employment and wage gains reported earlier this month and an uptick in inflation last week.

     

    The U.S. Consumer Price Index last week did not persuasively indicate under-control inflation,

    but with energy and grain prices remaining significantly below last year’s highs, the prevailing

    direction of inflation points down with economic conditions improving.

    Heads up: Both Natural Gas and Crude Oil numbers come out tomorrow due to MLK holiday this past Monday and the short trading week.

     

     

     

     

     

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

    Futures Trading Levels

    01-18-2024

     

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

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

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • 2024 World Cup Trading Championships + Levels for 01.17.24

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    The 2024 World Cup Trading Championships® are just around the corner.

    You are invited to enter the ultimate trading challenge, where some of the world’s best Futures and Forex traders compete.

    The World Cup Trading Championships have been held since 1983 and are the most prestigious trading competitions in the industry. The winners of each division will prove that they are the best of the best.

    The top profitable Entrants will be eligible to receive a magnificent pewter Bull and Bear trophy or a beautiful crystal Bull and Bear Trophy.

    Real-money competitions based on net returns – no entry fee required.

    Take on traders from across the globe to compete for coveted Bull & Bear trophies, glory, and new career opportunities.

    Do you have what it takes?

    ENTER NOW!

    Contact us at 1-310-859-9572 or Visit Us on the Web

     

     

     

     

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

    Futures Trading Levels

    01-17-2024

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

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

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • Weekly Newsletter: NG Outlook, MLK Trading Hours + Futures Trading Levels for Jan. 15/16

    Cannon Futures Weekly Newsletter Issue # 1178

     

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

    In this issue:

    • Important Notices – General Updates and MLK Holiday Schedule
    • Trading Resource of the Week – 2024 World Cup Trading Championship
    • Hot Market of the Week – Feb Natural Gas
    • Broker’s Trading System of the Week – Crude Oil Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

        • Next Week
          • MLK Day is a federal holiday, abbreviated trading hours for some markets, others are closed (see below)
          Data
          • Wed 1-17, 4 Economic numbers will be released between 7:30 and 8:15 a.m. CST
          • Thur. 1-18, 3 Economic numbers between 7:30 and 9:00 a.m. CST
          Energy Markets
          • Due to the MLK Holiday Monday, the weekly EIA Energy Stocks report is moving.
          • Thursday @ 10:00 a.m. CST rather than the usual Wed. at 7:30 a.m.
          • Also, the regularly scheduled EIA Nat Gas report retains it’s 7:30 a.m. release on the 18th
          Earnings
          • Tues.-Fri, Heavy financial svcs rprtg. Including Morgan Stanely and Goldman Tues.
          • Large Regionals will be reporting though out the week.
          • Alcoa aluminum reports Wed. after the close
          Fed Watch
          • Tues. 1-17 Waller speech @ Brookings Institute 10:00 a.m. CST “Economic Outlook”
          • Wed. 1-18 Vice Chair of Supervision- Barr speech 8:00 a.m. CST “Cyber Risk”

     

     

    Trading Resource of the Week :

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

     

     

     

    • 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.
      February Natural Gas
      February natural gas accelerated off its December low to complete its third upside PriceCount objective before settling back with a corrective trade. Now, the chart is threatening to resume its rally where new sustained highs would project a possible run to the low percentage fourth upside count to the 4.44 area.
      PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

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

    ZigZag 6 _ Crude Oil CL

    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $15,000.00
    COST
    USD 100 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

     

    • Trading Levels for Next Week

    Daily Levels for January 15th, 2024
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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

    Trading Reports for Next Week

     

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

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

     

    Good Trading!
    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
  • Bitcoin Futures + Levels for 01.12.24

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    Take the Worry out of your Crypto Trading

    By Mark O’Brien

    Bitcoin futures open interest on the Chicago Mercantile Exchange hit a fresh all-time high this week. Its nominal value reached $5.4 billion as the Jan. futures contract traded within 200 points of $48,000 on Tuesday. The previous all-time high of $4.5 billion was recorded in November 2021 when the front month contract traded to its all-time high above $68,000.

     

    News in the cryptosphere hit a milestone today with the announcement that Bitcoin ETF’s began trading on U.S. exchanges, but should you?

     

    Before you jump on the Bitcoin ETF bandwagon, remember that the world’s largest futures and options exchange – the CME Group – offers you a choice for managing cryptocurrency risk with Bitcoin and Micro Bitcoin futures and options. With efficient price discovery in transparent futures markets, prices based on the regulated CME CF Bitcoin Reference Rate (BRR) and easily traded on your supported trading platform.

     

    Take the worry out of your crypto trading!

    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

    01-12-2024

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

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

     

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • CPI Tomorrow + Levels for 01.11.24

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    Ahead of CPI and the Rest of the Week:

    By Mark O’Brien, Senior Broker

     

    Crypto:

     

    Bitcoin futures open interest on the Chicago Mercantile Exchange hit a fresh all-time high, its nominal value reaching $5.4 billion as the Jan. contract traded within 200 points of $48,000 yesterday. The previous all-time high of $4.5 billion was recorded in November 2021 when the front month contract traded to its all-time high above $68,000.

     

    Energy:

     

    Concerns of slowing demand growth in the energy sector received additional fodder this morning when the Energy Information Agency (EIA) reported a surprise jump in U.S. crude stockpiles and a larger-than-expected jump in storage of both gasoline and distillates. Crude oil (basis Feb.) remains mired in the low $70 per barrel range with a few forays below $70 per barrel over the last month. Despite fears the Israel-Hamas war – now into its third month – could be a catalyst to supply disruption in the Middle East, crude oil is more that $10 per barrel (a $10,000 per contract move) lower since the beginning of the conflict, suggesting traders are more focused on global economic growth (slowing) than geopolitical risk, which seems to be increasing as events related to the war have spread, including attacks on U.S. bases in Iraq, U.S. strikes on Iranian-backed organizations in Syria and Yemen, Israeli attacks in Lebanon on Hezbollah, Yemeni-based Houthi attacks on vessels moving through the Bab al-Mandab Strait at the entrance to the Red Sea from the Gulf of Aden – a route that sees 10-12% of the world’s seagoing freight travel through it.

     

    General:

     

    Tomorrow we’ll be apprised yet again of the inflation situation here in the U.S. with the 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). The reading plays an important role in shaping the Federal Reserve’s outlook on much-anticipated interest rate cuts this year.

     

     

     

     

     

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

    Futures Trading Levels

    01-11-2024

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

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

     

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • 2024 World Cup Trading Championships + Levels for 01.10.24

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    The 2024 World Cup Trading Championships® are just around the corner.

    You are invited to enter the ultimate trading challenge, where some of the world’s best Futures and Forex traders compete.

    The World Cup Trading Championships have been held since 1983 and are the most prestigious trading competitions in the industry. The winners of each division will prove that they are the best of the best.

    The top profitable Entrants will be eligible to receive a magnificent pewter Bull and Bear trophy or a beautiful crystal Bull and Bear Trophy.

    Real-money competitions based on net returns – no entry fee required.

    Take on traders from across the globe to compete for coveted Bull & Bear trophies, glory, and new career opportunities.

    Do you have what it takes?

    ENTER NOW!

    Contact us at 1-310-859-9572 or Visit Us on the Web

     

     

     

     

     

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

    Futures Trading Levels

    01-10-2024

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

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

     

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • The Week ahead: Data, Data & More Data….+ Levels for 01.09.24

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    The Week Ahead: Data, Data and more Data.

    By John Thorpe, Senior Broker

    A week of uncovering and discovering the reality rather than the hypothesis of market moving data events.

     

    Sell the rumor and Buy the Fact? Or is it Buy the Rumor and sell the fact?

    If you know what the market has been discounting, both statements can be true.

     

    Trillions in Market Cap from Q4 report earnings this week

    Mainly banks, perhaps the market had already corrected anticipating the earnings?

    How will these stocks affect the current 2 month stock rally?

    How will CPI affect the overall trend with this week’s release early Thursday ?

     

    According to Fact set:

    “The Financials sector will be a focus for the market during the next two weeks, as more than 70% of the S&P 500 companies that are scheduled to report earnings for the fourth quarter over this period are part of this sector. Companies in this sector expected to report earnings during these two weeks include Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo. The Financials sector is predicted to report the fourth-highest (year-over-year) earnings decline of all 11 sectors for Q4 at -3.1%”

     

    See Page 5 of their 34 page Earnings Insight.

     

    https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_010524.pdf

    For our Grain and Meat traders, THE PIVOTAL Crop Production report is going to be released this Friday @11 am CST.

    The seasoned analysts believe this is the biggest report of the year as 2023 came to an end and could make for the grandest market moves as well.

    Make it a fantastic trading year!

    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

    01-09-2024

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

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

     

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

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

    Cannon Futures Weekly Newsletter Issue # 1177

     

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

    In this issue:

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

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

     

     

     

     

    • Real Time Email Alerts

      Directly to your Phone!

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

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

    CR7

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

     

     

    • Trading Levels for Next Week

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

     

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

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

     

    Good Trading!
    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
  • NFP – Non Farm Payrolls Tomorrow +Futures Trading Levels for 01.05.24

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

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

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

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

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

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

    Emini Nasdaq 1 minute Chart

    Emini Nasdaq 1 minute Chart

     

     

     

     

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

    Futures Trading Levels

    01-05-2024

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • Crude Oil & Nat Gas Numbers Tomorrow! +Futures Trading Levels for 01.04.24

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    What to look for in the last two trading days of the 1st trading week of 2024:

    By Mark O’Brien, Senior Broker

     

    General:  

     

    Welcome to 2024 and best wishes in all your ventures for this year, including your trading, of course.  No matter what markets you’re following and trading, keep an eye out for those forces that move them for directional signals.  And in this inter-connected world there are some big-picture forces to watch as they develop in the coming months.

     

    Inflation: Although many futures markets react to national inflation readings, global, regional and other state inflation readings will also move the markets.  Think Europe and China as important areas where inflation fluctuations can influence futures prices.

     

    China: All by itself – its overall economic health, its GDP, its demand for the very commodities traded on U.S. futures exchanges – is a major point of reference for commodities prices.

     

    U.S. monetary policy: plainly tied in part to inflation, our Central Bank is on the verge of entering a new phase in their unceasing mandate to control inflation and foster employment.  Financial markets are entering this year confident that rate cuts are in store beginning sometime this year – and other advanced economies will be striving and acting similarly as they see fit.

     

    The U.S. dollar: our currency is forecast to depreciate as U.S. real economic growth and inflation slows.  Added to the pull, the country’s debt to GDP ratio as reflected in our current account deficit has become unsustainably high. Futures traders should be aware of the general inverse relationship between the value of the dollar and commodities prices. Prices of commodities tend to drop when the dollar strengthens against other major currencies. When the dollar weakens, prices of commodities generally move higher.

     

    A busy U.S. electoral calendar:  Get ready for the Iowa Caucus (Jan. 15) and New Hampshire primary (Jan. 23).  They kick off our nation’s election cycle to November 5th when we elect our 47th president among other important state and federal office holders and with tensions already high among the major parties along with differences in economic policies, look for the futures markets to also trade with this tension in the air.

     

    A busy international electoral calendar: South of our border, Mexico will hold a presidential vote in June. Taiwan, seemingly a pawn in U.S. – China relations, but an economic force to be reckoned with, holds its presidential election on Jan. 13.  India, now the world’s most populous nation and a rapidly developing manufacturing powerhouse also goes to the polls in April and May.  While no surprises are in store with both countries’ leaders expected to remain in power, Russia and Ukraine hold elections in March.  Everything from energy to grains have been impacted by the war between the two.

     

     

     

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

    Futures Trading Levels

    01-04-2024

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

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

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • FOMC Minutes, ISM and JOLTS Tomorrow! +Futures Trading Levels for 01.03.24

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    Only 3 days of trading left in the first trading week of 2024.

    These 3 days are PACKED with reports and I suspect much different trading behavior than we saw the last trading week of 2023.

     

     

     

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

    Futures Trading Levels

    01-03-2024

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

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

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • Weekly Newsletter: New Year’s Trading Resolution + Futures Trading Levels for Jan. 2nd

    Cannon Futures Weekly Newsletter Issue # 1176

     

    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 2024
    • Make 2024 Your Best Trading Year Yet!
    • Hot Market Outlook – March Dollar Index
    • Broker’s Trading System of the Week – EuroStoxx Swing Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

        • Another four day trading week
        • A smattering of earnings. Mostly Microcap to Midcap with a handful of Large caps sprinkled in ( >$10B Mkt Cap)
        • Tuesday and Thursday Manufacturing and Services PMI respectively 9:00 a.m. CST
        • No consequential Fed or Congressional items on the calendar
        • Friday BIG Non-Farm Payrolls report, 7:30 a.m. CST.
        • New Year’s Trading Schedule HERE

     

     

    • Trader’s Blessing for the 2024

    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 2024 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?
    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    March Dollar Index
    March resumed its slide into new lows. At this point, a third PriceCount objective of 98.93 would coincide with summer lows.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

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

     

    • Trading Levels for Next Week

    Daily Levels for January 2nd, 2024
    Will be available on Tuesday morning, to receive the levels, please click here , click on send us a message and type Levels in the description.
    Trading Reports for Next Week
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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

     

     

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

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

     

    Good Trading!
    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
  • Have a great last trading day of the year! +Futures Trading Levels for 12.29.23

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    Have a GREAT last trading day of 2023!

    Volume has been very low this week and I don’t see much difference tomorrow but one can never tell….See modified hours below.

     

    36e28a0d-7208-42c4-9f7c-dfe717a613ea image

     

     

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

    Futures Trading Levels

    12-29-2023

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

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

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • What is a Troy Ounce? +Futures Trading Levels for 12.28.23

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    As has been the case in prior years, this week we’re seeing reduced daily trade volume across the futures markets.  Adding to this environment, Last Trading Day for Jan. ’24 Natural gas is tomorrow the 27th, and both First Notice Day for January ‘24 CBOT soy complex futures and Last Trading Day for January ‘24 RBOB gasoline and ULSD Heating oil is this Friday the 29th.

    Both natural gas and crude oil numbers are out tomorrow due to the short trading week.

     

    Just what is a Troy ounce, anyway?  For those trading precious metals futures like gold, silver, platinum and palladium, it’s the unit of weight by which those physical products are measured.

     

    Turns out, a small town about 110 miles southeast of Paris and situated within the Champagne wine region was major intersection for parts of the Roman-era trade highways and then an important international trading hub during the Middle Ages (± 500 AD to 1500).  The town’s name: Troyes (pronounced: troy).  Right around the 12th and 13th centuries – call it the middle of the Middle Ages – an annual cycle of 2- to 3-week trade fairs flourished in the region and it was likely then that the unit of weight was standardized and first used.  It essentially beat out other systems of weight developed in other parts of Europe and eventually it was made the official weight for gold and silver by England in 1824, called the British Imperial system.  Four years later, the United States adopted it as an official weight standard for United States coinage.  And today, your precious metals are still measured using this system.

     

     

    36e28a0d-7208-42c4-9f7c-dfe717a613ea image

     

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

    Futures Trading Levels

    12-28-2023

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

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

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • Lower Holiday Trading Volume +Futures Trading Levels for 12.27.23

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    Low trading volume today in stock index futures and financials, the day after Christmas.

    On the flip side, above average volume in grains and energies.

    Understand how the holiday season and sometimes the lower volume affects the specific markets you are trading.

    I suspect lower than normal volume the rest of the week with perhaps Friday being the last trading day of the year as an exception.

     

     

     

    Video: Projecting possible targets when trading futures

     

    Projecting possible targets when trading futures

     

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

    Futures Trading Levels

    12-27-2023

    #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.

  • Christmas Modified Trading Schedule +Futures Trading Levels for 12.22.23

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    FULL trading day tomorrow, with more than a few reports ahead of the Holiday weekend.

    Christmas Modified trading schedule below.

     

     

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

    Futures Trading Levels

    12-22-2023

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

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

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • Stock Index Futures Insight, Christmas Modified Trading Schedule + Levels for 12.21.23

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    The U.S. economy is looking like it’s approaching yet another historical period.

    By Mark O’Brien, Senior Broker

    After months of seeing the Federal Reserve raise interest rates to their current 5.25% – 5.50%, target range, traders, economists, investors, etc. are looking at this year and anticipating the first cut in rates since the beginning of the COVID pandemic.

     

    Perhaps more importantly, there is the feeling that these interest rate cuts – once they are put in place – will be a policy shift possibly different than any other time in the history of Fed rate decisions. Instead of cutting rates because of an imminent risk of recession, or the need to protect against one, the Fed. will be lower borrowing costs as an accommodation – almost a reward of sorts – for moderated inflation readings, growth that has slowed without much adverse effect on the country’s employment situation (satisfying one of their two mandates) and is now sliding toward the Fed.’s long-standing target of 2%.

     

    Ruling nothing out, Fed. Chair Jerome cautioned in his press conference last week that the U.S. economy can behave in unexpected ways and the central bank stands ready to resume a restrictive posture should economic conditions warrant. Chicago Federal Reserve Bank President Austan Goolsbee seconded that: ” “Progress continues, though we still have a way to go,” Goolsbee said in an interview last week.

     

    Clearly, traders in stocks and stock index futures feared little in that caveat – and haven’t for the last nine weeks. The Dow Jones and Nasdaq futures moved to record a new all-time closing high. Following another session in the green on Tuesday, the S&P 500 index is only a few dozen points away from its own milestone. Roughly another move up of 0.6% can bring it to that peak. Stay tuned for the last days of 2023 to see if the Santa rally charges ahead.

    Notably, the biggest contributors to the S&P 500’s banner year have been the usual suspects, currently dubbed the Magnificent Seven: Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta Platforms. Collectively, these companies’ stock prices have jumped 75% in 2023, leaving the other 493 companies in the S&P 500 in their dust. Those have risen a more modest 12%, while the index as a whole is up 23%. The Magnificent Seven stocks have swelled to represent about 30% of the S&P 500’s market value, according to Goldman Sachs Global Investment Research. That is approaching the highest-ever share for any seven stocks.

     

     

     

     

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

    Futures Trading Levels

    12-21-2023

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

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

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

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

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    March is front month for stock indices and currency futures.

    Symbol for March is H, so example ESH24

    February is front month for crude oil.

    Christmas Modified trading schedule below.

     

    Video: Projecting possible targets when trading futures

     

    Projecting possible targets when trading futures

     

     

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

    Futures Trading Levels

     

    12-20-2023

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

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

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • Trading in the last two weeks of 2023 +Futures Trading Levels for 12.19.23

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    The Week Ahead: And 2023 is almost over…..

    By John Thorpe, Senior Broker

     

    The December 18th week is the second to last before the week between Christmas and New Years.

    It may be hard to find much to get markets excited about now that the final FOMC meeting of 2023 is out of the way.

    Confidence is high that the Fed is done raising rates in this cycle, which makes the economic outlook more certain and one which includes rate cuts sooner or later. Most of the data from this point forward is probably backward looking, This weeks GDP is the final iteration from the BEA Bureau of Economic Analysis for Q3 after a knock the barn door off 2nd revision last month increase of 5.2 percent. We will see early Thursday morning if the second iteration was correct.

    Because the housing numbers this week are also backward looking, the data will be reflective of a time period where the mortgage rates had been at their highest levels in over 25 years. Mortgage rates have come down a few shades since the late summer and fall peaks of over 7 1/2%. As of this writing, the 30-year fixed can be had for under 7 through some outlets for the most credit worthy home buyers.

    Housing starts, Existing home sales and New home sales, Tuesday, Thursday and Friday. The probability of a .25 point fed funds ease for the Fed’s March meeting is currently @ 63.4 % per the CME’s Fedwatch tool. The FOMC has a January meeting scheduled, but no February event.

     

     

     

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

    Futures Trading Levels

     

    12-19-2023

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

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

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

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

    Cannon Futures Weekly Newsletter Issue # 1175

     

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

    In this issue:

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

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

     

     

    • Trading Resource of the Week 

    Trading Videos
    Instant Viewing
    Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.
    • Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
    • Some common uses you can make of support and resistance levels.
    • Filter out the noise with range bar charts
    • “Price Confirmation”
    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    March Copper
    March Copper completed its first upside PriceCount objective early this month and corrected. Now, the chart is attempting to resume its rally where new sustained highs would project a run to the second count in the 4.03 area, consistent with a challenge of the September high.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

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

     

    • Trading Levels for Next Week

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

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

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

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

     

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

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

     

    Good Trading!
    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
  • Quadruple Witching + Futures Trading Levels for Dec 15th

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    Stock Index December contracts (i.e., E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.) expire Friday, December 15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any December futures contracts through 8:30 A.M., Central Time on Friday, Dec. 15th, they will be offset with the cash settlement price, as set by the exchange.

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

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

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

     

     

     

    US$ Daily Chart below:

     

     

     

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

    Futures Trading Levels

     

    12-15-2023

     

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

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

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • The Day After FOMC? + Futures Trading Levels for Dec. 14th

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    Day After FOMC?

    By Mark O’Brien, Senior Broker

     

    The tea leaves in recent weeks – measures of the U.S. economy and beyond – were already indicating the Fed. would leave interest rates alone for the third straight time, maintaining the target range of 5.25% to 5.5%, after holding its last FOMC meeting of the year today. So was the benchmark prediction gauge: the Fed Funds futures contract. Yes, there were a handful of softer data: household net worth and job openings declined, overdue loan payments and credit card balances rose, European data pointed to that region’s recovery easing off and China’s is still stuck in a ditch. At the same time, the monthly non-farm payrolls report came in better than expectations with average hourly earnings and working hours rising and the unemployment rate falling. The disposition of the Fed’s individual members’ expectations for future rate policy, commonly referred to as its “dot plot,” projected that they will lower borrowing costs to 4.6 percent by the end of 2024. That call for lower rates was widespread: not a single Fed official expected interest rates to be higher at the end of next year. Still, policymakers did not firmly declare victory. They kept alive the possibility of further rate increases if inflation should prove stubborn.

     

    Plan your trade and trade your plan.

     

     

     

     

     

     

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

    Futures Trading Levels

     

    12-14-2023

     

    #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.

  • FOMC Rate Decision Tomorrow +Futures Trading Levels 12.13.2023

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    March is front month for stock indices.

    Symbol for March is H, so example ESH24

     

    FOMC Rate decision tomorrow.

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

    • Reduce trading size

     

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

     

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

     

    • Expect the higher volatility during and right after the announcement

     

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

     

    • Be patient and be disciplined

     

    • If in doubt, stay out!!

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

    Plan your trade and trade your plan.

     

     

     

     

     

     

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

    Futures Trading Levels

     

    12-13-2023

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

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

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • The Week Ahead: CPI, FOMC +Futures Trading Levels for 12.12.23

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

    Join our Private Facebook group

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    The Week Ahead: Index rollover week, CPI, PPI, FED Rate announcement, Fed speech, Earnings.

    By John Thorpe, Senior Broker

    This week could get wild in a number of markets, stay focused and manage the risk.

    You should already be trading the March Indices if you are trading them at all, ask your broker how to roll if you need assistance.

     

    Tuesday morning the telling CPI number will be released early, 7:30 am CST.

     

    Past volatility in index markets as a result of earnings will take a back seat to much anticipated economic numbers this week. We will have a few earnings releases after the close but the highlights for the indices, bonds, crypto, metals and yes even the energy complex may hinge on the CPI and PPI numbers in addition to the somewhat surprising Non Farm Payroll numbers on Friday that reflected uncommon and persistent strength in the wake of the longest string of interest rate increases in 40 years.

    PPI Wednesday 7:30 am CST

    Any deviation from the consensus will move markets in unnatural ways.  The same for the PPI on Wednesday morning and the FED voting members will have a clearer picture of their desires in March, something we will be listening for in the language Chairman Powell uses on Wednesday when he hosts his final for the year Q and A 30 minutes after the Rate decision is announced. That decision is expected to be a no rate change with the CME FedWatch tool weighing in today as a 98.4% probability for rates to remain untouched.

    ADBE will be reporting Earnings after the close Wednesday and Costco after the close on Thursday.

    Inventories, jobless claims retail sales all early Thursday morning and Friday, a few more data points to throw into the mix. Capacity utilization and Industrial production, all sectors that are dependent on the cost of money.

    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

    *NOTE: if you like to get the March stock index levels (NQ, ES etc.), please reply back to this email and we will send you the levels for March tomorrow morning!

    12-12-2023

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

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

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

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

    Cannon Futures Weekly Newsletter Issue # 1174

     

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

    In this issue:

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

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

    How to roll over Chart and DOM on E-Futures

     

     

     

    • Trading Resource of the Week 

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

    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    The March WheatCorn spread accelerated to its third upside PriceCount objective to the $1.52 area and is consolidating its trade. At this point, IF the chart can resume its rally with new sustained highs, we are left with the low percentage fourth count to aim for around $2.27 which would be consistent with a challenge of the summer high.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    March Wheat - Corn Spread Chart
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

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

     

    • Trading Levels for Next Week

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

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

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

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

     

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

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

     

    Good Trading!
    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
  • NFP Tomorrow! + Futures Trading Levels for 12.08.2023

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    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    NFP non Farm Payrolls tomorrow!

    This is a market moving event right at 7:30 Am central that in the past generated some large and volatile moves.

    I personally like to be flat 2 minutes before and resume trading a few minutes after the report is out.

    If you have notes from previous NFP, now is the time to review…if you don’t have notes, time to start a trading journal and keep notes in it!

    10 Minutes chart of the ES, mini SP500 from last NFP, Nov. 3rd below for your review.

    Plan your trade and trade your plan.

     

    #ES Mini S&P 10 min 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

    12-08-2023

    #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

    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.

  • Get Trade Alerts + Futures Trading Levels for Dec. 7th

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    Bullet Points, Highlights, Announcements

    By Mark O’Brien, Senior Broker

     

    General: 

     

    It seems like no futures markets are more focused on trading off expectations than those of interest rate futures, like the 10-year T-note and 30-year T-bond.  And those expectations are more focused on one source of information more than any other: the words and actions of the U.S. Federal Reserve Bank’s governors and current chairman, Jerome Powell.  The Fed. board’s governors’ words are incessantly parsed for any clues as to the future direction of interest rate policy.  Each coming Federal Open Market Committee meeting becomes the latest most important meeting in memory and next week’s is no exception.  The U.S. economy is slowing; there are signs inflation is falling and the Fed has kept interest rates steady – at a range of 5.25% to 5.50%, the highest since 2001 – through its last two meetings after raising rates at the conclusion of eleven consecutive meetings before that.  If “three is a trend,” and if the Fed. holds interest rates steady (widely forecast) look for the futures markets to pile on to the already-shifting expectation that a rate cut is coming sooner than later.  As is customary, Chair Powell will likely try to communicate that the Central Bank’s job of controlling inflation is ongoing and any decision on the future of interest rates – up, down, or steady – will be based on broad definitive proof of the need to act, or not.  Next week’s meeting is a 2-day affair, with the announcement scheduled for Wednesday at 1:00 P.M. Central Time, followed by Chair Powell’s press conference.  Stay tuned.

     

    Energy: 

     

     

    Already entering today’s trading on a 4-day losing streak, crude oil futures extended its sell-off which as of this typing broke through $70.00 per barrel to an intra-day low of $69.11, its lowest price since July 3 (basis the January contract).

     

    While today’s weekly Energy Information Administration report showed crude inventories fell by 4.6 million barrels, far exceeding the 1.4 million-barrel drop analysts had expected, U.S. gasoline stocks rose by 5.4 million barrels last week, more than five times the 1 million-barrel rise analysts expected.

     

    News concerning “the elephant in the room” – China’s economic health – also pressed down on prices.  Yesterday, rating agency Moody’s lowered the outlook on China’s A1 rating from stable to negative.

     

    Getting help from the currency market, the U.S. dollar stayed on its upward rebound from 3+ month lows of last week to a two-week high.  For all things dollar denominated – particularly globally traded commodities – a rising dollar pressures demand by making purchases more expensive for holders of other currencies.

     

    Plan your trade and trade your plan.

     

     

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

    Futures Trading Levels

    12-07-2023

    #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.

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

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    Hot Market for Review:  March Coffee

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

     

     

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

    FREE TRIAL AVAILABLE

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

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

     

    Plan your trade and trade your plan.

     

     

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

    Futures Trading Levels

    12-06-2023

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

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

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

     

     

     

     

     

     

     

     

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

  • The Week Ahead: Federal Reserve Board Black Out Period + Futures Trading Levels for 12.05.23

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

     

    The Week Ahead: Federal Reserve Board Black Out Period Dec 2-14

    By John Thorpe, Senior Broker

     

    March (H24) Interest rate products, U.S. T-Bond Futures ZB, Ultra T-Bond Futures UB, 10-Year T-Note Futures ZN, 5-Year T-Note Futures ZF, 2-Year T-Note Futures ZT. are now front month

    Earnings watch, Tuesday 12-5 Toll Brothers Builders NYSE (TOL), Thursday 12-7 chipmaker Broadcom NYSE (AVCO)

    Reports a variety, Main Focus Friday, NFP 7:30am, WASDE 10am and 1st day of Hanukkah all times CST

    The Role of Expectations for the NFP report

    Expectations are typically baked into future prices. Rarely can a more direct correlation to this reality be found than in our futures markets as they are affected by expectations of NFP .

    There are a number of indicators the Federal Reserve Board and investors watch prior to the NFP release, these all become reflected in asset prices and if there is a surprise NFP release, the market can adjust violently to the new perception of the health of the economy and therefore the affect on future Interest rate decisions. For instance, The Labor Department’s JOLTS report tracks monthly change in job openings and offers rates on hiring and quits. The reporting period lags other employment data including the employment situation report. Then there is the ADP report The national employment report from Automated Data Processing Inc. and is computed from ADP payroll data and offers advance indications on the U.S. private workforce. Are to name but two. Contact your broker for more detail.

    This Friday @ 7:30 a.m. CST the BLS will release it’s monthly employment update called the NFP which stands for Non-Farm Payroll and this specific economic event is always released on the first Friday of every month. Rarely, the NFP figure may be postponed to the second Friday if the first Friday is the first of the month or a public holiday. This Friday is one of those rare exceptions. The NFP figure is a report which shows how many individuals are employed within the US but excludes specific industries such as agriculture.

    Why is it important to the Dollar?

    DXH246EH24 (eurocurrency)

    When individuals wish to invest in stocks, bonds and a currency, they prefer currencies backed by a strong economy with a robust employment sector. In addition, if employment is high, the Federal Reserve is also likely to increase interest rates or keep them high; again, this can support demand for the Dollar.

    A higher-than-expected NFP figure is positive for the Dollar.

    A lower-than-expected NFP figure is negative for the Dollar. The inverse would be true for the Euro currency

    Why is it important to the US Stocks?

    ESH24,NQH24,RTYH24,YMH24 + micros

    The NFP figure can affect the US Stock Market in 2 ways. A higher-than-expected NFP figure can indicate a resilient economy and higher consumer demand. As a result, companies perform better; earnings are higher, as is investor confidence. This can cause the stock market to rise. But be wary as it can also trigger current belief by the FED that interest rate increases will be necessary to cool the employment trend.

    On the other hand, if the Federal Reserve is increasing interest rates, positive employment figures may support a further increase. Interest rates can significantly pressure the stock market. A lower than expected figure during the current environment may rally stocks as the FED would NOT need to raise rates further yet as they wait and see if their tight money policy is being effective

    Why is it important to the Gold?

    GGCG24, GCG24 + micros

    The price of Gold is largely inversely correlated with the cost of the Dollar. As a result, the NFP can influence the price of gold. Whether the horse leads the cart or the cart leads the horse is for you to determine as you lock those contracts onto your trading screens.

    Why is it important to Interest Rates?

    UBH24,ZBH24,ZTH24,FFF24 + minis

    If the NFP is stronger than expectations Bond prices will go lower as the concern of “higher for Longer” persists

    If the NFP is weaker than expected Bond Prices will go higher as anticipation for rate cuts sooner wash over the interest rate markets

    Plan your trade and trade your plan.

     

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

    Futures Trading Levels

    12-05-2023

    #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: Text Alerts, Silver Daily Chart + Futures Trading Levels for Dec. 4th

    Cannon Futures Weekly Newsletter Issue # 1173

     

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

    In this issue:

    •  Important Notices – Trade March bonds, Feb. gold
    • Trading Resource of the Week – Trade Alerts
    • Hot Market of the Week – March Silver
    • Broker’s Trading System of the Week – CL (Crude) Day Trading System
    • Trading Levels for Next Week
    • Trading Reports for Next Week
    • Important Notices

      • Federal Reserve Board Black Out Period Dec 2-14
      • March (H24) Interest rate products, ZB, UB,ZN,ZF,ZT. are now front month
      • Front month for gold is February
      • March (H24) front month for silver
      • Earnings watch, Tuesday 12-5 Toll Brothers Builders NYSE (TOL), Thursday 12-7 chipmaker Broadcom NYSE (AVCO)
      • Reports a variety, Main Focus Friday, NFP 6:30am, WASDE 10am and 1st day of Hanukkah all times CST

    • click above for a LIVE demo, streaming prices

     

    • Trading Resource of the Week 

    Real Time Text Alerts

    Directly to your Phone!
    • You will receive a text and email each time there is an entry or exit in a simple language along with the current price for that specific market.
    • A licensed series 3 broker at your fingertips
    • Text alerts available to US and Canada residents. Int’l clients will receive the alerts via email. No obligation
    • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies and Meats
    • Open an account* and receive the Trade Alerts free for 3 months ($357 value)

    .

    Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    March Silver stabilized its break last month and activated upside PriceCount objectives on the correction higher. Now, the chart is taking aim at its first upside target in the 26.41 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
    The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
    Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
    • Broker’s Trading System of the Week

    With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
    PRODUCT
    SYSTEM TYPE
    Intraday
    Recommended Cannon Trading Starting Capital
    $15,000.00
    COST
    USD 115 / monthly
    The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
    Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
    Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
    Would you like to receive daily support & resistance levels?
    Yes
    No

     

    • Trading Levels for Next Week

    Daily Levels for December 4th, 2023
    #ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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

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

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

     

    Good Trading!
    Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
  • Futures Trading Levels for December 1st

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

    Join our Private Facebook group

    Subscribe to our YouTube Channel

     

    Tomorrow is the first trading day for December. Last and first trading days of the months can at times be more volatile and at times have a chance to become a trending day.

    ISM and Fed’s Powell speaking are the highlights on the reports side.

     

    Trader’s Check List:

    ·        Review prior day statement

    ·        Check for any working orders on your platforms.

    ·        Be aware of contract rollover dates

    ·        Set a daily loss limit and learn NOT to overtrade

    ·        Understand what reports are coming out today

    ·        Make sure you are not distracted

    ·        Calculate appropriate trading size based on current volatility and account size

    ·        Start with Larger Time Frame charts to get proper perspective

    ·        Understand what your goal is

    ·        Measure your success or lack of

    ·        Spend time furthering your trading education and exploring different methods

    ·        Put trading in perspective and make sure the overall psychology of trading fits you.

    Plan your trade and trade your plan.

    Download your FREE copy of Order Flow Essentials!

     

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

    Futures Trading Levels

    12-1-2023

     

     

    Improve Your Trading Skills

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


    Economic Reports,

    Source: 

    Forexfactory.com

     

     

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

  • Core PCE Tomorrow + Futures Trading Levels for Nov. 30th

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

    Updates and Bullet Points:

    By Mark O’Brien, Senior Broker

     

    General: 

     

    While the Federal Reserve and its main voice Jerome Powell have been steadfast in declaring that interest rates would not be coming down unless the FOMC saw broad definitive proof that inflation was falling, traders have been pricing in that eventuality since the end of October. In just the last three weeks, the E-mini S&P 500 climbed out of correction territory and the yield on the 10-year T-note slid from the 5.00% it touched prior to the last Fed meeting down to 4.30% overnight. Never mind the CME Fed watch tool pegs the potential for a 25-basis points rate cut at the Fed’s December 13th meeting at a slim 1.1% and at 3.1% at their January 31st meeting. What likely has traders’ attention: the Fed Funds futures contract sees the probability of a 25-basis point cut at the March 20th Fed meeting at 40.6%. Don’t count on to begin to telegraph any sort of pivot until the Fed deems any signs of slowing growth as entrenched and that should take some time. The Fed will turn a cold shoulder to making quick moves as they do not want to reignite the inflation fire before it is extinguished.

     

    Currency:

     

    As the conversation shifts from rate hikes to cuts, the U.S. dollar is on track to hit its lowest level in months.

     

    Metals:

     

    In the scenario that the dollar and treasury yields continue to fall, look for precious metals like gold and silver to continue their ascent. Gold has already climbed over $200 per ounce in less than two months, from its October 5th close at $1850.80 / ounce to its second day closing above $2050 / ounce yesterday and today (basis February) – a ±$20,000 per contract move for the standard 100-oz. futures contract.

     

    Plan your trade and trade your plan.

     

     

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

    Futures Trading Levels

    11-30-2023

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

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

    Improve Your Trading Skills

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


    Economic Reports, Source: 

    Forexfactory.com

     

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

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

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

     

    Plan your trade and trade your plan.

     

     

     

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

    Futures Trading Levels

    11-29-2023

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

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

    Improve Your Trading Skills

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


    Economic Reports, Source: 

    Forexfactory.com

     

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

  • The Week Ahead + Futures Trading Levels for Nov. 28th

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

    The Week Ahead..   the inflation count– up or countdown? 7,8,9,10

    By John Thorpe, Senior Broker

     

    All of the activity I will mention below will impact the outlook for interest rate decisions and the future health of our economy.

    There are 7 important Gov’t reports this week , Please pay attention to the release times as they most certainly can effect the short term direction of your open positions.

    Tuesday- Case-Shiller Home Price Index 8 am CST Consumer Confidence @ 9 am CST.

    Wednesday- GDP and Advance Intl Trade in Goods 7:30 am CST.

    Thursday-Jobless Claims and Personal Income and Outlays @7:30 AM CST

    Friday- ISM Manufacturing @ 9AM CST..

    There are 8 earnings numbers to watch.

    Tuesday- BMO Bank of Montreal, CRWD Crowdstrike , HPE Hewlett Packard and INTU Inuit.

    Wednesday- DLTR Family Dollar tree and CRM Salesforce

    Thursday-ULTA Ulta Beauty and DELL Dell computer.

    Friday will be a quiet earnings day.

    These are important bellweather’s in their respective industries, Salesforce has been the number one stock this year boasting a 67% return.

    There are 9 Fed Governor speeches this week.

    Tuesday- 4 speakers Goolsbee, Waller, Bowman Barr Between 9am and 2:30 Pm CST

    Wednesday- 1 Speaker Mester 12:45 CST

    Thursday- 1 speaker @ 8:15 CST Williams

     

    Friday- 3 Speakers Barr, Goolsbee, JEROME POWELL twice , 10am and 1PM CST

    Last Friday’s OPEC meeting had been postponed until 13:00 GMT this Thursday.

    According to Reuters, Nigeria and Angola wanted to have higher quotas and an agreement could not be reached. There are 10 member countries from Africa , Venezuela, Iran and Iraq round out the 13 current group members. Oil prices have taken a slide lately from $90.00US/BBL to the low $70.00’US/BBL.

    The reductions in global oil prices have yet to be reflected by any meaningful measure at the retail level.

    Plan your trade and trade your plan.

     

     

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

    Futures Trading Levels

    11-28-2023

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

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

    Improve Your Trading Skills

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


    Economic Reports, Source: 

    Forexfactory.com

     

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

  • Futures Trading Levels for Nov. 27th

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

    Futures Trading Levels

    11-25-2023

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

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

     

    Improve Your Trading Skills

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


    Economic Reports, Source: 

    Forexfactory.com

     

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

  • Happy Thanksgiving! + Futures Trading Levels for Nov. 23/24

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

    General:

    Happy Thanksgiving eve traders.  You’re probably aware that with a U.S. holiday comes U.S. holiday futures trading hours which differ slightly from regular trading hours.

    Generally, CME Group markets will open at their regular hours this afternoon, trade overnight and close early tomorrow morning.

     

    →  Stock indexes, interest rates and currencies will open at their regular hours this afternoon and close tomorrow at 12:15 P.M., Central Time.

    →  Energies and metals will open at their regular hours this afternoon and close tomorrow at 12:45 P.M., Central Time.

    →  Grains will open at their regular hours this afternoon and close tomorrow at 12:05 P.M., Central Time.

    →  Livestock and lumber will stay closed until their regular opening times on Friday.

    The following link will take you the CME Group Thanksgiving holiday trading schedule (URL): click here.

    The following link will take you the ICE Futures U.S. Thanksgiving holiday trading schedule (PDF): click here.

     

     

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

    Futures Trading Levels

    11-23/24-2023

    #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

    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.

  • Trading Expertise As Featured In

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