Promising Outlook on Online Futures Trading for August 27th 2010

“Potential for Trades on Both Sides”

Market is showing weakening signs. We need to hold previous lows of 1037 and rally in order to gain any upside momentum. Break of this level can bring 1000.75 much quicker.

I have a feeling traders will have potential for trades on both sides depending on volatility and pre market GDP report tomorrow.

A chart of the SP 500 CASH INDEX for your review below:

SPC5 – Standard & Poor’s 500 Index (S&P 500), Daily

GOOD TRADING!

Futures Trading Levels

Futures Trading Levels

This Week’s Calendar from Econoday.Com
All reports are EST time
Friday, August 27th – http://mam.econoday.com/byweek.asp?cust=mam

Weekly Bill Settlement

• GDP – 8:30 AM ET
• Corporate Profits – 8:30 AM ET
• Consumer Sentiment – 9:55 AM ET
• Ben Bernanke Speaks – 10:00 AM ET

Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures 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!