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Day Trading Indicators & Futures Levels & Economic Reports 12.04.2013

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday December 4, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Day Trading indicators and Algorithm free trial.

Below is a screen shot of the Mini SP 500 chart from today’s session.

The signals that appear are based on proprietary indicators developed by Ilan Levy-Mayer of LEVEX Capital Mgmt Inc. and VP of Cannon Trading Co, Inc.

The concept  looks for exhaustion in either buying/ selling and reversal. The signals that appear on the charts are alerting you for potential buy or sell IF/ONCE price confirmation occurred. Full explanation along with chart samples included in the 23 page PDF booklets that comes with the free trial.

 

EP - E Mini S&P 500, Equalized Active 15 Min Continuation

EP – E Mini S&P 500, Equalized Active 15 Min Continuation

 

Would you like to have access to the DIAMOND and TOPAZ and 5T ALGOs as shown above

and be able to apply for any market and any time frame on your own PC ?   You can now have a three weeks free trial where the ALGO is enabled along with few studies for your own sierra/ ATcharts OR CQG Trader and CQG Q Trader.  The trial comes with a 23 page PDF booklet which explains the concepts, risks and methodology in more details.

To start your free 3 weeks trial, please send me an email with the following information:

  1. Are you a client of Cannon Trading?
  2. Are you currently trading futures?
  3. Charting software you use?
  4. If you use sierra or ATcharts, please let me know the user name so I can enable you
  5. Markets you currently trading?

TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS.  THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS.  THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS.   THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED.  PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

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

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

 

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

GOOD TRADING/

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

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

Futures Trading Levels

Contract Dec. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1815.92 3510.42 16138 1143.57 81.43
Resistance 2 1808.83 3499.58 16071 1137.63 81.22
Resistance 1 1800.42 3487.92 15981 1130.07 80.92
Pivot 1793.33 3477.08 15914 1124.13 80.72
Support 1 1784.92 3465.42 15824 1116.57 80.42
Support 2 1777.83 3454.58 15757 1110.63 80.21
Support 3 1769.42 3442.92 15667 1103.07 79.91
Contract Feb. Gold Mar. Silver Jan. Crude Oil Mar. Bonds  Dec. Euro
Resistance 3 1238.0 1966.5 99.52 130 25/32 1.3721
Resistance 2 1231.9 1950.0 97.86 130 20/32 1.3668
Resistance 1 1226.8 1930.5 96.98 130 11/32 1.3630
Pivot 1220.7 1914.0 95.32 130  6/32 1.3577
Support 1 1215.6 1894.5 94.44 129 29/32 1.3539
Support 2 1209.5 1878.0 92.78 129 24/32 1.3486
Support 3 1204.4 1858.5 91.90 129 15/32 1.3448
Contract Dec Corn March Wheat Jan .Beans Jan. SoyMeal Jan. bean Oil
Resistance 3 443.3 669.5 1339.67 440.77 40.85
Resistance 2 437.8 669.3 1332.58 436.33 40.68
Resistance 1 434.5 668.8 1326.17 432.57 40.39
Pivot 429.0 668.5 1319.08 428.13 40.22
Support 1 425.8 668.0 1312.7 424.4 39.9
Support 2 420.3 667.8 1305.58 419.93 39.76
Support 3 417.0 667.3 1299.17 416.17 39.47
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

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

All times are Eastern time Zone (EST)

 

Date 3:54pm Currency Impact Detail Actual Forecast Previous Graph
WedDec 4  3:15am EUR Spanish Services PMI 50.7 49.6
3:45am EUR Italian Services PMI 51.2 50.5
4:00am EUR Final Services PMI 50.9 50.9
All Day ALL OPEC Meetings
5:00am EUR Retail Sales m/m 0.2% -0.6%
EUR Revised GDP q/q 0.1% 0.1%
8:15am USD ADP Non-Farm Employment Change 172K 130K
8:30am USD Trade Balance -40.3B -41.8B
10:00am USD ISM Non-Manufacturing PMI 55.4 55.4
USD New Home Sales 432K
Sep Data USD New Home Sales 427K 421K
10:30am USD Crude Oil Inventories -0.5M 3.0M
11:20am USD President Obama Speaks
2:00pm USD Beige Book

This is 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.

 

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