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

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Pay Attention to the Road Signs…..

by Mark O’Brien, Senior Broker

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

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

Micro NQ 10 seconds Chart

 

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

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

In this webinar you will learn and see live examples:

 

• Proprietary Price Counts Price Forecasting Tool

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

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

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

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

SPACE is LIMITED, so reserve your space now!

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

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

Futures Trading Levels

for 10-27-2022

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

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


Economic Reports, Source: 

Forexfactory.com

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

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