Commissions Margins Open an Account 1-800-454-9572 Contact Us
1-800-454-9572 Contact Us Open an Account

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Micro Nasdaq Futures vs. Mini Nasdaq Futures

Micro and Mini Nasdaq futures are derivatives that track the performance of the Nasdaq 100 Index

Micro and Mini Nasdaq futures are derivatives that track the performance of the Nasdaq 100 Index, which comprises 100 of the largest non-financial companies listed on the Nasdaq stock exchange. These futures contracts allow traders and investors to speculate on the future direction of the technology-heavy Nasdaq 100 Index or hedge against their existing equity positions. While both micro and mini Nasdaq futures serve similar purposes, they cater to different segments of the market due to differences in contract sizes, leverage, and capital requirements.

Contract Sizes and Leverage

Mini Nasdaq Futures (NQ): The Mini Nasdaq futures, often referred to as “NQ,” are the more established and widely recognized of the two. Each NQ contract represents a financial commitment to 20 times the Nasdaq 100 Index. This means that the value of one mini Nasdaq futures contract is 20 times whatever the Nasdaq 100 Index is trading at. For example, if the Nasdaq 100 Index is at 13,500, the notional value of one mini Nasdaq futures contract would be $270,000 (13,500 x 20).

Each mini NASDAQ futures point is worth $20 in your favor or against you per contract.

Micro Nasdaq Futures (MNQ): Introduced more recently to provide access to the same markets at a reduced financial commitment, micro Nasdaq futures (MNQ) are one-tenth the size of their mini counterparts. Each MNQ contract represents a financial commitment to 2 times the Nasdaq 100 Index. Continuing with the previous example, if the Nasdaq 100 Index is at 13,500, the notional value of one micro Nasdaq futures contract would be $27,000 (13,500 x 2).

Each mini NASDAQ futures point is worth $2 in your favor or against you PER contract traded.

The smaller size of the micro Nasdaq futures results in lower margin requirements, making it a more accessible option for individual traders and those with smaller trading accounts. The leverage inherent in both contracts allows traders to control significant positions with a relatively small amount of capital. However, it’s crucial to understand that while leverage can amplify profits, it also increases the potential for losses.

Why Trade Micro Nasdaq Futures?

  1. Lower Capital Expenditure: The primary advantage of micro Nasdaq futures is their affordability due to lower capital requirements. This makes it feasible for smaller investors to enter futures markets, a domain that was traditionally dominated by larger institutional investors. Micro contracts allow traders to manage risk more effectively by not over-leveraging their positions.
  2. Overnight Margins and Swing Trading: Swing traders, who typically hold positions for several days or weeks, find micro Nasdaq futures particularly appealing due to smaller overnight margin requirements. Overnight margins—the amount of capital required to hold a position after the daily trading session ends—are significantly lower for micro contracts. This reduces the cost of carrying open positions overnight, making it a viable strategy for traders with limited capital who wish to exploit the market’s medium-term movements.
  3. Fine-Tuned Position Sizing: Micro futures enable traders to achieve more precise position sizing and risk management. Instead of being limited to the larger increments of capital commitment required by mini contracts, traders can adjust their exposure more gravely with micro contracts. This flexibility is crucial in tailoring trading strategies to individual risk tolerance and market conditions.
  4. Portfolio Diversification and Hedging: Both mini and micro Nasdaq futures can be used for hedging against existing portfolio risks. However, the micro contracts allow for more precise hedging of smaller portfolio sizes. This can be particularly beneficial for individual investors looking to mitigate specific risks without the need to engage in larger, more capital-intensive contracts.

Suitability for Smaller Investors

Micro Nasdaq futures are particularly suitable for smaller investors for several reasons. Firstly, the lower financial commitment required allows these investors to participate in futures trading with less risk of significant capital loss. Secondly, the ability to use leverage effectively but conservatively can help amplify returns on smaller price movements in the Nasdaq 100 Index, which might otherwise be inconsequential with less capital at stake.

Moreover, the growth in popularity of electronic trading platforms and the availability of extensive educational resources make it easier for individual investors to access and trade micro Nasdaq futures. This democratization of financial markets helps level the playing field between individual retail traders and institutional investors.

In summary, both mini and micro Nasdaq futures offer valuable opportunities ( and risks!) for different types of traders. While mini futures continue to be a staple for larger traders and institutions looking for significant market exposure, micro futures cater exceptionally well to individual traders focused on risk management, capital conservation, and tactical leverage. As the financial markets evolve, the introduction of products like micro Nasdaq futures underscores the industry’s move towards inclusivity and accessibility, enabling more people to participate in and benefit from futures trading.

 

Ready to start trading futures? Call US 1(800)454-9572 – Int’l (310)859-9572 email info@cannontrading.com and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

 

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

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this writing are of opinion only and do not guarantee any profits. This writing is for educational purposes. Past performances are not necessarily indicative of future results. 

 

**This article has been generated with the help of AI Technology. It has been modified from the original draft for accuracy and compliance.

 

***@cannontrading on all socials.

 

CPI Rally and MICROS!! + Levels for May 16th

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

CTS T4 Futures Trading Platform

 

Bullet Points, Highlights and Announcements

By Mark O’Brien, Senior Broker

General: 

 

Last Wednesday’s blog included a happy birthday greeting to the Micro E-mini stock index futures contracts.  In 2019, Micro E-mini futures and options on the four leading equity indices – E-mini S&P, Nasdaq, Dow Jones and Russell 2000. – became the most successful launch in CME Group history.

 

But did you know there are Micro futures contracts for a wide range of commodities?

 

CME Group, the world’s leading derivatives marketplace offers micro futures and options across nearly it’s entire commodities portfolio.  Below is selection of some of the more widely traded Micro futures and options contracts:

 

Energy: 

 

→  Micro Crude Oil: 1/10 the size of the benchmark WTI Crude Oil contract (link to contract specs.)

 

→  Micro Henry Hub Natural Gas: 1/10 the size of the benchmark natural gas contract (link to contract specs.)

 

Metals:

 

→  Micro Gold: at just 10 ounces Micro Gold futures and options contracts are designed for traders interested in smaller gold increments with a cost-effective alternative to the world’s largest, highly liquid Gold futures and options contracts (link to contract specs.)

 

→  Micro Silver: at 1/5 the size of the 5000-ounce silver futures, the contract unit is 1,000 troy ounces. The Micro Silver futures are quoted in 1/10 of one cent– making a one-tick move equivalent to $1 (link to contract specs.)

 

→  Micro Copper: theses futures 1/10 the size of the 25,000-pound Copper futures contract, so, the contract unit of the Micro Copper futures contract is 2,500 pounds. Like the Copper futures contract, the Micro Copper futures contract is quoted in increments of 5 one hundredths of a cent, making a one tick move in Micro Copper futures equal to $1.25. (link to contract specs.)

 

The daily settlement prices for the futures contracts will be identical to that of the larger Gold, Silver and Copper futures contract.

 

Crypto: 

 

→  Micro Bitcoin: At 1/10 the size of one bitcoin, Micro Bitcoin futures provide an efficient, cost-effective new way to fine-tune bitcoin exposure and enhance your trading strategies.

 

All these contracts provide traders with more flexibility when trading futures.  With Micro contracts, you can scale positions up and down with precision and gain more control over your exposure.  At the same time, Micro contracts offer the same robust trading transparency and price discovery, but with smaller margin requirements, which translates to easier access to the potential of the futures markets – nearly 24 hours a day.

 

 

Diversify your portfolio and add flexibility for trading Precious Metals, FX, Energy, Rates, and Equity Indices. Scale positions up and down with precision and gain more control over your exposure.

 

Energy:   

 

Options five day a week; it’s not just for stock index futures.  Mark your calendars; starting Monday July 22, WTI Crude Oil options will be available with Tuesday and Thursday expirations alongside the already-available Monday, Wednesday and Friday expirations and monthly options.  Once in place, along with shorter expirations and lower premiums, WTI Weekly options will provide opportunities to hedge weekend headline risk, OPEC+ meetings or geopolitical events. They can also be used to express views on mid-week announcements, including the weekly E.I.A Petroleum Status Report, typically released on Wednesday.

 

Financials: 

 

On the interest rate front, some interesting news: in contrast with the wait-and-see mode of the United States, today Sweden followed Switzerland, Hungary, and the Czech Republic in easing monetary policy for the first time since interest rate hiking cycles began in 2022, when inflation surfaced in the aftermath of the COVID pandemic. The central bank of Sweden – the Riksbank – lowered its policy rate by 0.25 basis points to 3.75%, making it more likely that the European Central Bank will jump on the bandwagon. The shift is noteworthy as it highlights the current divergence among central banks around the world.

 

Grains:  

 

Ostensibly the report of the week in an otherwise humdrum 5-day stretch, this Friday the U.S. Department of Agriculture will release its monthly World Agricultural Supply and Demand Estimates (WASDE) report.  The report provides annual forecasts for supply and use of U.S. and world wheat, rice, coarse grains, oilseeds, and cotton.  The report also covers U.S. supply and use of sugar, meat, eggs and milk.  Simultaneously released is the monthly Crop Production report which contains crop production data for the U.S., including crop conditions, acreage, area harvested and yield.

 

Stock Indexes:  

 

Happy birthday Micro E-mini futures!  In 2019, Micro E-mini futures on the four leading equity indices became the most successful launch in CME Group history.  In just these first five years, over 2.6 billion contracts have traded.  The average daily volume reached over 2.4 million contracts across the four indices (up 355% since 2019).  And how about this for global reach: 24% of average daily volume came from outside of the U.S., with trades submitted from 170+ countries.

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side.

Questions? We are happy to help!

 

 

 

Daily Levels for May 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.

Copper Futures Today, May 15, 2024

Latest Copper Futures Updates May 2024


 

 

Copper futures in New York experienced a notable surge, rising up to 5.5%, influenced by a significant short squeeze. This drove the most actively traded July contract to peak at $5.026 per pound on Tuesday, nearing the historical high of $5.0395 from March 2022. Michael Cuoco from StoneX Group noted that those holding short futures and spreads were under pressure. This situation highlighted the July contract specifically, which traded substantially above the benchmark prices, such as those on the London Metal Exchange, and led to a rare backwardation in the market, with the July contract pricing 29.25 cents per pound higher than the September one. This anomaly caused shifts in copper shipments towards the U.S. market. Despite global market fluctuations, including declines in Chinese stocks and concerns about U.S.-China trade tensions, the copper price rally continued, driven by strong speculative interest and insufficient physical buying, which didn’t meet seasonal expectations. Copper Tube Mills responded by raising prices 5-8%, effective the following day. Copper demand remains robust, anticipated to grow further as some mines reduce output.

Explore Copper Futures Trading in a practical setting using our risk-free simulator trading account. Experience real-time data and live price action without any obligations or the need for a credit card. Start trading today!

 

Ready to start trading futures? Call US 1(800)454-9572 – Int’l (310)859-9572 email info@cannontrading.com and speak to one of our experienced, Series-3 licensed futures brokers and start your futures trading journey with Cannon Trading Company today.

 

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

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this writing are of opinion only and do not guarantee any profits. This writing is for educational purposes. Past performances are not necessarily indicative of future results. 

 

**This article has been generated with the help of AI Technology. It has been modified from the original draft for accuracy and compliance.

 

***@cannontrading on all socials.


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.

OJ, Copper and CPI + Levels for May 15th

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Juice on the Loose!

 

by John Thorpe, Senior Broker

Monthly World Agricultural Supply Demand reports aren’t just for Corn, Soybeans and Wheat futures. Friday we had that monthly number and as you can see, the anticipation in the Orange Juice market the day before Created a Gap on the price charts from $3.83 to $3.85 Orange Juice Futures have gone limit

 

 

For the past two days. 10 cents per 37,500 lbs on Monday and expanded limits today for an additional 20 cents or $7500.00 per contract. On Friday, WASDE reported a reduction of domestic production by 1 million Boxes of Oranges. A note about Gaps: The adage that all gaps eventually get filled might not always hold true, especially in the case of Breakaway and Runaway gaps. Waiting for breakout or runaway gaps to be filled can cripple your portfolio. This appears to be a bullish ,Breakaway Gap.

 

Holy Hot Wire Batman!

It seems there isn’t any copper to be found in Gotham, or is there?

The High Grade Copper market Jumped in the wake of a WSJ story titled Why the World has Gone Cuckoo for Copper  Court entanglements with the Panamanian Cobre Mine, in addition to UAE, Saudi Arabia, Japan and the U.S. Vying for majority stakes of a large Zambian mining operation pushed The prices at the COMEX for the July Copper contract Rallied to an all time high of $5.0260 above the march 2022 High of 4.9375, However it looks like we are going to close a shade below that around the 4.88 area today. Watch this market.

Hot report for tomorrow

One of the most meaningful economic Data sets for FED decision makers , US April consumer price index (CPI) data will be released tomorrow pre-market and is forecast by analysts to be +0.4% month-to-month, compared to the previous month’s +0.4%. Core CPI on monthly terms is expected +0.3% in April compared to the prior month’s +0.4%.    CPI on annualized terms is forecast up +3.4% from the year ago, the core year-over-year figure is expected up +3.6%.

 

Day trading margins for the Equity products will, rightfully so, be increased in advance of potentially violent market reactions and will typically be returned to normal within 15 to 30 minutes following the release. Some , not all FCM’s

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side.

Questions? We are happy to help!

 

 

Daily Levels for May 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, Powell Tomorrow + Levels for May 14th

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Busy week ahead!

Starting with tomorrow’s PPI and Powell speaking, followed by Wednesday higher impact CPI. Usually we have CPI comes out first followed by the PPI report.

Below you will see a summary of this week’s meaningful reports.

Volatility in Cocoa markets continues with the market losing close to 20% in today’s session!! That is close to 18 full points or $18,000 per contract!!

Coffee is also experiencing higher than usual price swings and both are correlated to the Brazilian Real which is a legitimate, tradeable futures currency contract!

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side.

Questions? We are happy to help!

 

 

 

 

Daily Levels for May 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.

Futures Trading Tools and Technologies: Enhancing Your Trading Efficiency

The world of financial trading is changing at a rapid pace, spurred by advanced tools and cutting-edge technologies that give traders of commodity futures an advantage in the market.

Therefore, it is important to understand how these developments can enhance your efficiency when trading as we go deep into the intricate terrain of trading index futures, options, and futures products overall.

An Introduction to Advanced Futures Trading Tools

This article highlights various advanced tools and systems used for futures trading. Some technological advances include one-click trading, futures trading platforms, enhanced charting software, intuitive order entry systems, market scanners and built-in risk managers. All these tools have been pivotal in shaping the strategies used on futures exchanges.

Whether you’re trading on branded platforms, such as Charles Schwab futures, or you want to find a website that increases your trading efficiency, it’s helpful to know what tools can make this happen.

Why Futures and Options Tools Make Difference

Technological tools enhance the futures or options account and support the success of the modern trader. We will find out how each of these components makes trading more efficient, whether you’re dealing with many futures contracts or you’re focused on specific futures and options.

With the right tools in place, you can improve your futures position with respect to margin trading, security futures, Bitcoin futures, interest rate futures, energy futures, and CFTC resources.

In such a dynamic financial landscape, traders can always look for new ways to keep up with what is happening around them. Knowing what tools to use is therefore imperative.

Defining Futures Trading and Successful Futures and Options Trading Methods

Futures trading involves buying or selling standardized contracts. A trade is made to purchase or sell a contract of an underlying asset at a set price for delivery on a certain future date. The contracts, which are traded on an exchange, are legally binding.

The Basics of Trading Futures to Increase a Trader’s Rate of Success and Their Futures Account Portfolio

Technical Analysis of Commodity Futures Trading and Options: Analysis involves studying charts, price patterns, and indicators like moving averages to identify trends and to make trades. This can help you determine, for instance, tick sizes, or the minimum price movements by which the value of a futures contract may change.

Fundamental Analysis for Commodity Futures Trading and Options: This type of analysis involves looking at underlying supply/demand factors, economic data, and news events – all which may impact the future price of an asset. For example, you might review the demand of crude oil to make a decision on a futures crude oil day trade.

Risk Management for Futures and Option Trades: Decreasing risk entails using stop-loss orders on futures only and position sizing strategies to control risk per trade and account for volatility. Using options to assist in the risk management of futures positions is a common use of these products in addition to using long options only to work with defined risk.

One-click Futures Trading: The Gateway to Speed and Precision When Trading in the Futures Markets

In this frictionless digital realm of buying and selling, speed is everything. One-click trading has revolutionized order execution by making it possible for traders to quickly respond to changing market environments.

A single click can make the difference between taking advantage of an opportunity or missing a special trade. This technology eliminates traditional confirmation steps by allowing transactions to occur immediately when a price aligns with a trader’s strategy.

One-click trading is the single-most important development for day traders. Again, it allows them to place an order and eliminate several steps. This can be helpful during high volatility periods when timing is exceptionally critical.

By using one-click trading, a trader can set up a fixed position and other parameters for easy market entry or exit – simply with a mere computer click or screen touch.

Consequently, this immediacy greatly reduces slippage – the difference between the expected price of a trade and the price at which it is actually executed .

Futures Trading: Accessing the Commodity Futures Market and Futures Contracts with Sophistication

Futures markets present unlimited opportunities to the futures trader for leveraged positions, as hedgers as well as speculators in diversifying their entire financial assets/investment portfolio’s. Modern platforms used in futures trading have various features – suitable for newbies or experts alike.

Real-Time Data Feeds and Advanced Analytical Updates: Measuring the Benefits for the Futures Trader

Real-time data feeds, advanced analytical tools, customizable interfaces and direct market access among others allow vendors to become fully immersed into the futures’ realm.

These platforms make futures contracts more accessible through streamlining analysis processes so that investors can trade more confidently.

Whether they’re trading currency futures, working with hedge funds, or dealing with crude oil trades or complex options strategies.they can feel confident about the trading process.

Go with the Flow When Trading Futures – With the Utmost of Ease

Modern platforms offer direct access to traders in pretty much all futures markets, including commodities, indices and currencies. Moreover, these platforms are designed in such a way that allow for a smooth flow – from market analysis to risk management to the trade execution processes.

Furthermore, time spent on executing a futures trade has been largely reduced because of integration of electronic trade routing, making sure that trades can be placed at accurate intervals.

Enhanced Charts: Visual Clarity for Making Informed Decisions at a Future Date for a Futures Contract Trade

A picture speaks volumes; similarly.  Today’s charting software is highly sophisticated in terms of visually representing market data. Enhanced charts offer many indicators for technical analysis purposes that include drawing tools plus customizable templates that are suitable for any trader’s need.

Reading the Charts for Interpretation of a Futures Contract

These charts condense vast amounts of information into graphical representations. With these pictures, a trader can glance at the data to review the direction of the market. They can also review the price action and decide on how to set up potential trades.

 

Using Charting for Analyzing a Futures Contract

Charting forms the basis of technical analysis in trading. Enhanced charts are responsible for changing how data is viewed and trends are identified by traders. Today’s sophisticated charting tools have various capabilities ranging from extensive technical indicators to customizable time frames and chart types.

Trading in Real Time for Better Results When Reviewing a Futures Contract

These tools also highlight features such as real-time updates, Marked to the market more succinctly. Trading can also be done by reading charts. This is helpful to even advanced traders who use tools such as the Fibonacci retracement levels or Elliott Wave principles.

Easy Order Entry: The Cornerstone of Trading a Futures Contract

In most cases, a trader’s strategy hinges on their ability to ensure that their orders are placed correctly and as fast as possible.

Make Sure You Can Implement Your Trading Strategy for Futures Contracts
Never underestimate the value of easy order entry given complexity involved in managing numerous trades across different asset classes at once! Complex trading systems now come with various kinds of orders that are designed to help traders implement their strategies effectively. For instance, market orders, limit orders, Bracket orders, OCO orders and stop orders can impact how you choose to initiate your trade or close out your position with futures contracts.

Cut Down Substantially on Contract Errors When Trading Futures Contracts

Such streamlined order entry systems greatly minimize the possibility of inputting errors, thus enabling an accurate reflection of trading activities on behalf of the trader.

A Futures Market Scanner: How It Can Help You Narrow Down Your Commodity Choices When Trading Futures Contracts and Similar Products

It is necessary to keep pace with ever-changing market conditions when trading futures contracts. A market scanning tool sifts through hundreds of instruments looking for specific criteria that the reader sets. Make sure your brokerage offers something similar who are interested in utilizing a market scanner  This also may allow the trader to better understand how futures contracts work.

Learn More About Stock Patterns of Futures Contracts and or an Index Futures Contract

Market scanners can help a trader eliminate unimportant information while identifying such patterns as high volatility trades, potential breakouts and chart formations among others.

These tools are becoming smarter with artificial intelligence and machine learning algorithms – helping them identify potentially lucrative patterns and trends

Built-In Risk Manager to Reduce Risk When Trading a Futures Contract or Stock Index Futures

Perhaps the most critical thing in trading is risk management. Preserving capital and managing exposure are vital to any sustainable trading strategy. To enforce discipline and comply with their risk parameters, many modern platforms provide traders with built-in systems for risk management like loss limits as a major example.

What’s Your Risk Tolerance Level When Trading Different Types of Futures Contracts and Similar Products?

These tools can ascertain position sizes automatically on the basis of account equity and pre-defined risk tolerance levels. They can also establish stop-loss orders on all open positions, either singly or correlated to broader portfolio risk limits.

Final Thoughts About Futures and Options Trading Tools

It is important to know how tools can help you can make futures and options trading more interesting and exciting. Make sure the Company whose website invites you to call and conduct business with, offers the aforementioned trading aids. Doing so will keep you on track and experience better outcomes for your trades.

Attack the markets below from the following direction….. + Levels for May 10th

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Soybean daily chart outlook for your review below.

Tomorrow pay attention to Univ. of Michigan Consumer Sentiment as well as few fed members speaking.

Volume has been on the light side for stock index futures.

Both silver, gold and copper resumed upside moves.

 

If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side.

Questions? We are happy to help!

 

 

 

 

Daily Levels for May 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.

What to look for on the last 2 trading days of the week + Levels for May 9th

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Bullet Points: Highlights and Announcements

 

by Mark O’Brien, Senior Broker

Energy:  

 

Options five day a week; it’s not just for stock index futures.  Mark your calendars; starting Monday July 22, WTI Crude Oil options will be available with Tuesday and Thursday expirations alongside the already-available Monday, Wednesday and Friday expirations and monthly options.  Once in place, along with shorter expirations and lower premiums, WTI Weekly options will provide opportunities to hedge weekend headline risk, OPEC+ meetings or geopolitical events. They can also be used to express views on mid-week announcements, including the weekly E.I.A Petroleum Status Report, typically released on Wednesday.

 

Financials: 

 

On the interest rate front, some interesting news: in contrast with the wait-and-see mode of the United States, today Sweden followed Switzerland, Hungary, and the Czech Republic in easing monetary policy for the first time since interest rate hiking cycles began in 2022, when inflation surfaced in the aftermath of the COVID pandemic. The central bank of Sweden – the Riksbank – lowered its policy rate by 0.25 basis points to 3.75%, making it more likely that the European Central Bank will jump on the bandwagon. The shift is noteworthy as it highlights the current divergence among central banks around the world.

 

Grains: 

 

Ostensibly the report of the week in an otherwise humdrum 5-day stretch, this Friday the U.S. Department of Agriculture will release its monthly World Agricultural Supply and Demand Estimates (WASDE) report.  The report provides annual forecasts for supply and use of U.S. and world wheat, rice, coarse grains, oilseeds, and cotton.  The report also covers U.S. supply and use of sugar, meat, eggs and milk.  Simultaneously released is the monthly Crop Production report which contains crop production data for the U.S., including crop conditions, acreage, area harvested and yield.

 

Stock Indexes: 

 

Happy birthday Micro E-mini futures!  In 2019, Micro E-mini futures on the four leading equity indices became the most successful launch in CME Group history.  In just these first five years, over 2.6 billion contracts have traded.  The average daily volume reached over 2.4 million contracts across the four indices (up 355% since 2019).  And how about this for global reach: 24% of average daily volume came from outside of the U.S., with trades submitted from 170+ countries.

 

In just five years, demand and liquidity for Micro E-mini futures have grown significantly from both active individual and institutional traders, creating more possibilities than ever for those seeking new opportunities. These liquid, smaller-sized contracts provide an efficient way to scale equity exposure with precision, while adding versatility to trading strategies.

 

 

 

Daily Levels for May 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.

About imbalance, last 10 minutes of the trading day + Levels for May 8th

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

The Last 15 minutes are Very Important!

 

by Ilan Levy-Mayer, VP

For those engaged in trading index futures, particularly day trading in instruments like the mini NASDAQ, mini S&P500, and micro NASDAQ, it’s becoming increasingly clear that the final 10 to 15 minutes of the trading session are gaining significance.

The advent of zero-day expiration options and the earnings season seem to be driving a surge in volume and market activity during this closing window. A key metric I monitor is what I term ‘the imbalance,’ which reflects the trading dynamics of the constituent stocks within these indices, including major players like Microsoft and Netflix, among others. Various platforms, including TradeTheNews.com, offer insights into this imbalance, and as demonstrated in the screenshot provided, we extend a complimentary trial to TTN’s acclaimed services.

What you will see below is the last trading day there was a significant imbalance, the screen shot below from TTN shows an “imbalance to the sell side of 2.0 Billion”

 

You can also see the large downside move that took place the same day during the last 15 minutes along with HIGH volume, almost as much as the rest of the day session…..

AGAIN, this is NOT meant as a recommendation or as an indicator….simply another factor to pay attention to.

This brief article isn’t a guide on how to trade in these crucial final minutes but rather a prompt to acknowledge their importance. As a trader, you should dedicate more time to studying and understanding this period. Below, you’ll find a chart of mini S&P 500 from April 30th session, complete with volume and additional analyses for your consideration.

 

 

 

Daily Levels for May 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.

Coffee, Hope, Probability + Levels for May 7th

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Coffee, Hope & Probability….

 

by John Thorpe, Senior Broker

In lieu of a light Data and fed speaker wee, we have a relatively heavy earnings week but none of the magnificent seven reporting, so here goes with a few words on the Coffee Futures Market.

 

After the July coffee market rallied to contract highs April 16th.. @245.50

A target based on price count theory had been met and there was a low probability of the rally extending much higher.

When we got the corrective trade and price action took us down below the 21 day MA at the 220.00 area, , this market , for us, showed the rally was over for the time being.

It certainly looks like the price action wants to get back down into the channel between 198.00 and 175.00 as it was uncomfortable at the higher price levels above 200  , due to the steep sell off from the mid-April highs I would look for a corrective rally before we continue back into the comfort zone.

Seasonality:  Southern Hemisphere coffees have already been harvested; Northern hemisphere coffee beans be ripe for the picking in Early Summer to Mid Fall.

The crop was better than expected in the southern hemisphere and the Northern hemisphere weather is tempering…  unless there becomes a disease scare or a sudden drought the next few months, I would anticipate Coffee Bean prices to moderate further, working lower and testing the bottom of the range.

 

Above we Referenced “probability

The difference between probability and hope

Is that probability is the state of being probable; likelihood.. While hope is the belief or expectation that something wished for can or will happen.

Probability is usually stated between 0 and 1 , One reflecting the highest probability of an event occurring and zero meaning no chance the event will occur.

We avoid Hope in our trading decisions.

 

 

Daily Levels for May 6th, 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.

Bullet Points, Highlights + Levels for May 3rd

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

 

 

Bullet Points & Highlights:

  • Today Coffee and Cocoa were down considerably again, Cocoa closing at the lowest level since Mid March @ $75.63 That’s $43.00 off the Contract all time highs less than 2 weeks ago.
  • It Looks like the Soy Complex is lifting off with July Beans 28 cents higher and Soymeal $16.00 higher

  • Next week will again be a heavy Earnings Week
  • Next week a quiet Econ Data week

 

Commodity Trading Challenge with Real Cash Prizes!

https://cmegroup.com/futures_challenge/challenges/1043/landing?challenge_sponsored_broker=CannonTrading

Challenge Details

Our commodity benchmarks fuel economies worldwide, from oil to copper to grains and more. Explore the benefits of trading the world’s most liquid physical futures markets.

  • All trades during the competition will be completed in the Challenge Simulator.
  • All traders will begin with a virtual account of $100,000, aiming to maximize their balance by the competition’s close.
  • Cash prizes will be awarded to the top three eligible traders with the highest account balances in the Overall Leaderboard and also to the top trader from each of the Alternate Leaderboards (up to six total prizes available, each with a cash value as set forth to the right; traders are only eligible for one prize).

GET STARTED

 

 

Daily Levels for May 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.

Post FOMC, Pre NFP – The Rest of the Week in the Futures Markets:   + Levels for May 2nd

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

 

 

Post FOMC, Pre NFP – The Rest of the Week in the Futures Markets:

By Mark O’Brien, Senior Broker:

 

In meeting after meeting, Federal Reserve officials have been saying that the path to achieving their 2% inflation goal would be a bumpy one.  For the first quarter of 2024, “there has been a lack of further progress toward the (Fed’s) two percent inflation objective,” according to the central bank’s statement following today’s conclusion of it most recent Federal Open Market Committee meeting.

 

As such, the Fed kept the federal funds rate target range at 5.25% to 5.5%, a 23-year high.  This move – or the absence of one – was highly anticipated.  Indeed, Fed watchers expect the central bank to hold rates steady through its next meeting in June – for the seventh consecutive time – and likely further on out.  In one readers survey conducted by Seeking Alpha, over half the participants don’t see any rate cuts in 2024.  Patience seems to be the order of the day as Fed Chair Jay Powell explained earlier this month: the current restrictive policy needs more time to work as the labor market remains strong and disinflationary dynamics have stalled.

 

The next economic mover and shaker up this week: the Labor Department’s April Non-Farm Payrolls Report, to be released Friday, 7:30 A.M., Central Time.  The precursor to this came today in the form of the ADP employment report, which revealed that 192,000 private jobs were added in April, a slowdown from the 208,000 private jobs added the prior month.  The latest reading came in higher than the expected 179,000 addition of new private jobs. The forecast for nonfarm payrolls is for 243,000 jobs to have been added.

Commodity Trading Challenge with Real Cash Prizes!

https://cmegroup.com/futures_challenge/challenges/1043/landing?challenge_sponsored_broker=CannonTrading

Challenge Details

Our commodity benchmarks fuel economies worldwide, from oil to copper to grains and more. Explore the benefits of trading the world’s most liquid physical futures markets.

  • All trades during the competition will be completed in the Challenge Simulator.
  • All traders will begin with a virtual account of $100,000, aiming to maximize their balance by the competition’s close.
  • Cash prizes will be awarded to the top three eligible traders with the highest account balances in the Overall Leaderboard and also to the top trader from each of the Alternate Leaderboards (up to six total prizes available, each with a cash value as set forth to the right; traders are only eligible for one prize).

GET STARTED

 

 

Daily Levels for May 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.

FOMC Tomorrow  + Levels for May 1st

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

 

 

FOMC Rate decision tomorrow in addition to, ISM, JOLTS and PMI!

We expect heightened volatility.

 

Commodity Trading Challenge with Real Cash Prizes!

https://cmegroup.com/futures_challenge/challenges/1043/landing?challenge_sponsored_broker=CannonTrading

Challenge Details

Our commodity benchmarks fuel economies worldwide, from oil to copper to grains and more. Explore the benefits of trading the world’s most liquid physical futures markets.

  • All trades during the competition will be completed in the Challenge Simulator.
  • All traders will begin with a virtual account of $100,000, aiming to maximize their balance by the competition’s close.
  • Cash prizes will be awarded to the top three eligible traders with the highest account balances in the Overall Leaderboard and also to the top trader from each of the Alternate Leaderboards (up to six total prizes available, each with a cash value as set forth to the right; traders are only eligible for one prize).

GET STARTED

 

 

Daily Levels for May 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.

Weather markets, Economic data and earnings reports + Levels for April 30th

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

 

 

Weather markets, Economic data and earnings reports creating Volatility in many market: Week Ahead

 

by John Thorpe, Senior Broker

  • FOMC Rate Announcement Wed.
  • Heavy Earnings, AMZN and AMD Tues, AAPL Thur. all after the close
  • Heavy Data, Chicago PMI, Consumer Confidence, Construction Spending, ISM Manufacturing PMI, Jobless Claims and NON FARM Payrolls to cap off the week on Fri. , preopening

 

 

After a record setting rally in the Cocoa market this year due to a number of factors including dry weather, disease and shuttering of processing plants due to a lack of a meaningful crop; the cocoa market reversed course today and literally melted down to a 3 week low as a shift toward wetter weather over the west African growing region pushed the Price of July Cocoa under the 21 day moving average of $101.16. Highs of $117.92 were reached 10 days ago only to see the market today close down $14.51 TO $91.73 and if you are counting, today’s move alone was a whopping $14,510.00 lower than Friday’s closing price. That’s a Weather market!

 

Domestically Wheat was Up 10% last week and down 2.25% today, that’s still 28 cents above it’s 21 day moving average.

 

 

Here is a worthy read about the “Nature of Weather Markets”

Historically, a pivotal timeframe for the grain futures markets has been right around the U.S. Independence Day holiday in early July. Existing price trends in the grain futures markets can be reversed or accelerated during this critical juncture of the U.S. growing season–especially for corn. Indeed, mid- to late-July typically finds the hottest weather of the year in the Corn Belt. This time period coincides with the extreme-heat-sensitive pollination stage of corn crop development. August is the most critical growing month for U.S. soybeans.

Says Conrad Leslie, the longtime and highly respected crop forecaster and market commentator: “Following the July Fourth holiday period, those who are interested in soybean and corn prices and production estimates look to the skies for the next two months for weather developments. Historical statistics indicate crops can either improve or decline….”

As an historical example, 1988 was a major drought year in the Midwest that saw corn and soybean futures prices skyrocket. It was on a Friday in July that saw corn and soybean futures prices trade sharply higher, based on ideas the hot and dry weather would continue in the U.S. Corn Belt. Then, after the close of grain futures Friday afternoon, the National Weather Service issued its 6-10 day forecast that, sure enough, called for more hot and dry weather for the Corn Belt. Corn and soybean bulls confidently headed home for the weekend.

On Monday morning, the updated weather forecasts had changed a bit, but more importantly, trader psychology had changed immensely. The drought and resulting poor U.S. corn and soybean yields had all been factored into the market with prior price gains, culminating with that Friday’s big push higher. Corn and bean markets traded limit down on Monday and recorded very sharp losses for around three days in a row.

One trader who used contrary opinion thinking during that timeframe purchased put options on corn futures that Friday in which prices were pushing higher. He made a good deal of money that next week.

Weather markets in grains many times provide a classic example of futures traders “factoring in” fundamental events well before they actually occur. For example, in the big drought year of 1988, the soybean crop was most damaged during the months of July and August. Yet, futures prices that year topped out the third week in June.

Finally, trading the grains in a summertime weather market can be just plain fun. Those traders who don’t have expensive “real-time” newswire feeds or other connections right to the trading floor of the Chicago Board of Trade can still log-in to the internet and go to CannonTradings website www.cannontrading.com for daily price and news updates. Or you can listen to the Midwest weather forecasts and ag news on the radio–or look at weather maps on the weather websites on the Internet.

 

Daily Levels for April 30th, 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.

PCE Tomorrow!  + Levels for April 26th

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

 

 

The U.S. GDP experienced a modest increase of 1.6% in the first quarter, marking the slowest expansion in two years. This news prompted a downturn in U.S. stock markets. But should investors be concerned about this figure?

Ben Laidler, the Global Markets Strategist at eToro, appeared on Wealth! to shed light on the implications of the GDP data for investor portfolios.

Laidler commented, “The recent GDP figure isn’t ideal, yet it’s not as dire as it may seem. The core elements that matter to us—business investment and consumer spending—are holding strong. The observed softness is largely attributed to less critical factors, which are expected to rebound in the next quarter, specifically trade and inventory levels.

  • While the inflation metric is slightly unsettling, it’s best to wait for the upcoming release of the monthly Personal Consumption Expenditures (PCE) index. This will provide us with more clarity on the extent of our concerns regarding the current economic situation.”

 

 

 

Daily Levels for April 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 Tomorrow, Earnings Season in Full Play  + Levels for April 25th

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

 

 

A few tips for tomorrow:

  • If you are trading stock index futures, note price action has been VERY choppy during the day session as most earnings come out after the close…
  • Coffee and Coca volatility is as high as I have seen in recent months. Large intraday and overnight moves in both, as much as +/- 8% per day!
  • We have GDP and home sales tomorrow.
  • Big pullback in both silver and gold and the key question is: Was this profit taking/ deflation of geo political fear and GOOD entry to the long side? OR…is this the near term top for both markets??
  • Corn daily chart for your review below.

 

 

Daily Levels for April 25th, 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.

Bullet Points, Highlights, Announcements  + Levels for April 24th

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

 

Bullet Points, Highlights, Announcements   

by Mark O’Brien, Senior Broker

General:  

 

Futures traders with positions in deliverable futures contracts keep an eye on the calendar for important dates at the end of the month. First Notice Day (FND) and Last Trading Day (LTD) for many futures contracts are close at hand. Make sure you steer safely clear of receiving delivery notices for physical commodities (FND), or greatly reduced liquidity (LTD). If you’re unsure, contact your Cannon Trading Co. broker.

 

The economic calendar for the rest of the week is scarce with Thursday’s Q1 GDP report taking center stage.

 

Prospects for a fed rate cut announcement at the Fed’s 4/30-5/1 meeting, as well as its mid-June meeting have all but evaporated and many Fed watchers expect the central bank to keep its “higher for longer” mantra in place for most and possibly all of 2024.

 

Worries over a wider Middle East conflict have subsided and traders are discounting the risk of further escalations. Case in point, June gold lost ±67 per ounce (±2%) yesterday after posting its latest all-time record high close of $2,413.80/ounce on Friday. Iran downplayed Israel’s retaliatory drone strike against it, in what appeared to be a move aimed at averting regional escalation.

 

Energies: 

 

  • The ±$2.50/barrel selloff in May crude oil and the ±¢9.75/gallon May RBOB gasoline futures last week likely signaled the markets do not see an Iranian supply disruption in the near future, so the markets will be given to focusing on global energy demand going forward

 

Softs:  

 

May Cocoa futures declined sharply yesterday and today, down nearly $1,300/ton (a $13,000 per contract move) marking its worst two-day slump since February. This after a 3-day / Wed.-Fri. rally of $1,635/ton to its all-time record high close of 11,878/ton on Friday. ICE U.S. has set the initial margin requirement to $11,260 per contract.

Daily Levels for April 24th, 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.

Notes from a Day Trader + Levels for April 23rd

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

 

 

The Week Ahead and Controlling your Emotions

by John Thorpe, Senior Broker

No Fed speakers this week, it is the blackout period in advance of next weeks FED meeting and rates decision.

Look for earnings to move the market this week  MSFT, GOOG, META, XOM, Visa, TSLA

Last week, my colleague posted an article about FOMO just about the same time a client of mine was battling his own fear of missing out.

Of course I asked my client if , after redacting account information, he wouldn’t mind if I shared his “journal Entry” with everyone.

 

John,

I’ll give you an explanation of what happened yesterday. After we talked I left for my job. I returned at 2:30 and saw that I missed all the “short” activity yesterday.

Disappointed, I made the mistake of trying to catch up . I had several positive trades and then several negative trades that put me in the negative for the day.

I was active in a “short” trade, sitting at my desk. I nodded off. I don’t know how long, but it must have been enough seconds that the price action had dramatically turned “long”. Unfortunately, I nodded off with my hand on my mouse. It seems that I touched the mouse and now I discovered that I had clicked a second contract. I was hoping to recover the $1800 loss but it was too late.

1. I went back to practice simulation. First on the 15th from 9 AM and with 3 clicks I had made $2300. Then stopped while ahead.

2. Today I again started practice at 9 AM and within 2 hours made $530. Then stopped while ahead My mistakes. What do I learn from this:

1. Don’t fall asleep while trading.

2. Don’t fall asleep with your finger hovering over the mouse.

3. Stop when you’re ahead and don’t try to make money on the short price action movements.

4. Reminding again to only trade with the trend.

One of the most common pitfalls of traders in Futures Trading is the fear of missing out (FOMO).

Understanding FOMO in Trading:

  • FOMO, or the fear of missing out, is a powerful emotion that can cloud judgment and lead to impulsive decisions.
  • Recognizing the signs of FOMO is crucial for traders to maintain a disciplined approach to their strategies.

The Role of Emotions in Trading:

  • Emotions play a significant role in trading, influencing decisions and reactions to market movements.
  • Acknowledging emotions like greed, fear, and excitement is the first step towards effective emotional control.

Strategies for Controlling Emotions: 

1/ Establishing a Trading Plan:

Having a well-defined trading plan helps set clear goals and guidelines, reducing the influence of emotions.

2/ Setting Realistic Expectations:

Realistic expectations prevent disappointment and impulsive actions based on unrealistic goals.

3/ Utilizing Risk Management:

Implementing risk management strategies ensures that trades are within acceptable risk limits.

4/ Taking Breaks:

Stepping away from the screen during intense market movements can provide a fresh perspective and prevent emotional reactions.

Mindfulness Techniques:

  • Incorporating mindfulness practices, such as deep breathing or meditation, can help traders stay focused and calm during stressful trading situations.

Learn from Past Trades:

  • Analyzing past trades, especially those influenced by emotions, provides valuable insights for improvement.
  • Keeping a trading journal helps identify patterns in emotional responses and areas for growth.

 

Daily Levels for April 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.

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

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

 

 

“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

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

 

 

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

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

 

 

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

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

 

 

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.

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

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

 

 

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

Get Real Time updates and more by joining our Private Facebook Group!
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

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

 

 

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.

NFP Tomorrow + Futures Trading Levels for 04.05.2024

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

 

 

  • 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

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

 

 

 

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

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

 

 

 

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

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

 

 

 

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

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

 

 

 

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

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

 

 

 

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

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

 

 

 

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

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

 

 

 

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.

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



Subscribe to our YouTube Channel

 

 

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

Get Real Time updates and more by joining our Private Facebook Group!
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

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

 

 

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

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

 

 

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.

Triple Witching Tomorrow + Futures trading Levels for March 15th

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

 

 

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

Get Real Time updates and more by joining our Private Facebook Group!
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.

Good Friday Day 2024 Holiday Schedule for CME / Globex and ICE Exchange

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

 

Good Friday 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

 

*Dates and times are subject to change

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

Globex® Good Friday 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

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

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

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


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.

The Best $5 and 5 Daily Minutes You Can Invest in Your Trading!

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

 

 

Today’s CPI report, market action and looking back at my notes from previous CPI trading days encouraged me to share the below:

Maintaining a trading journal is a critical practice for any trader who aims to achieve long-term success in the markets. This meticulous record-keeping serves several vital functions that contribute to a trader’s development and strategy refinement.

Self-Reflection and Accountability: A trading journal fosters a habit of self-reflection. By documenting the details of each trade, including the rationale behind entry and exit points, traders can review their decisions objectively. This process encourages accountability and helps traders to recognize patterns in their trading behavior, both successful and detrimental.

Strategy Optimization: Over time, a trading journal becomes a valuable data repository that traders can analyze to fine-tune their strategies. By identifying what works and what doesn’t, traders can make informed adjustments to their approach, discard ineffective methods, and capitalize on strategies that yield positive outcomes.

Emotional Regulation: Trading can be an emotional endeavor, and a journal can act as a stabilizing force. By committing to a disciplined recording of trades, traders can distance themselves from the emotional highs and lows of market volatility. This emotional detachment is crucial for making rational, data-driven decisions.

Performance Tracking: A trading journal enables traders to track their performance over time. It provides a clear picture of profit and loss, helping traders to assess their financial progress and set realistic goals for future trades.

Learning Tool: For novice traders, a journal is an invaluable learning tool. It allows them to learn from their mistakes and successes, accelerating their journey towards becoming proficient traders.

In essence, a trading journal is more than just a record of transactions; it is a trader’s roadmap to continuous improvement and strategic mastery. It is an indispensable tool for anyone serious about excelling in the dynamic world of trading.

 

 

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 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.

Rollover, CPI & Futures Trading Levels for 03.12.24

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

 

 

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.

NFP Tomorrow, Bitcoin Futures+ Futures Trading Levels for 03.08.24

Get Real Time updates and more by joining our Private Facebook Group!
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

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

 

 

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

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.

Analysis of gold as we hit all time highs!

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

 

 

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)

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 3.05.2024

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

 

 

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.

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.

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

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

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

Would you like to receive daily support & resistance levels?
Yes
No
Weekly Levels

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

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.

Trade Management + Futures Trading Levels 3.01.2024

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

 

 

 

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

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.

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

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

 

 

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.

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.

2024 World Cup Trading Championships + Levels for 02.28.24

Get Real Time updates and more by joining 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

 

 

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

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

 

 

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.

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.

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.

Analyze & Trade Like a Pro With the CTS T4 Futures Trading Platform

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

CTS T4 Futures Trading Platform

The CTS T4 futures trading platform is not your average trading platform. With its state-of-the-art technology and seamless connectivity to major exchanges, it has all the features to impress even the most experienced traders. But that’s not all! The risk management tools are highly flexible, and the advanced trading components will help you analyze charts like a pro. And we’ve only scratched the surface! Are you intrigued? Well, get ready for a journey into the world of CTS T4 with Cannon Trading.

Key Takeaways

  • CTS T4 futures trading platform is a fully hosted professional trading platform for futures and options.
  • It offers a fast and reliable trading network with direct exchange connectivity to major exchanges.
  • The platform provides flexible risk management tools and advanced trading components, including CTS T4 Desktop, CTS T4 Charts, and CTS T4 Mobile.
  • CTS T4 Desktop offers real-time quotes, customizable features, a built-in charting package, and access to multiple exchanges at no additional cost.

Platform Features of CTS T4 Trading Platform

The CTS T4 futures trading platform offers a comprehensive and user-friendly trading experience for futures and options. The platform provides a reliable and fast trading network with direct connectivity to major exchanges. Traders can customize the platform to suit their preferences, with options to personalize fonts, colors, and sounds. The dual-layout capability allows easy switching between contract markets, creating a seamless trading environment.

CTS T4 also includes robust risk management tools to help traders protect their investments and mitigate potential losses. Advanced order types and built-in charting packages with various studies and overlays enable traders to make informed decisions and manage risk effectively.

With CTS T4, traders have control and flexibility, enhancing their overall trading experience. Cannon Trading is committed to providing a platform that meets the needs of traders and empowers them to succeed in the futures and options markets.

Features of the CTS T4 Desktop Platform

Let’s take a closer look at the features of the CTS T4 futures trading platform Desktop version, which enhances the trading experience with its customizable interface and advanced order types. Here are three key features that make CTS T4 Desktop a powerful tool for traders:

Personalized trading interface: The Desktop version allows you to customize your trading workspace by choosing your preferred fonts, colors, and sounds. You can organize screens, charts, and order entry windows to suit your unique trading style.

Advanced order types and risk management tools: CTS T4 Desktop offers various order types, including market orders, limits, stops, and more. It also provides advanced order types like market mode activation and icebergs, giving you greater control over your trades. Additionally, it offers flexible risk management tools to help you effectively manage and mitigate risks.

With its customizable interface and advanced order types, this robust trading platform empowers traders to have complete control over their trading experience and make well-informed decisions.

Features of the CTS T4 Mobile Platform

The mobile version of the CTS T4 futures trading platform provides traders with a user-friendly and efficient experience on various devices. Its intuitive and easy-to-navigate user interface design offers control and convenience. With CTS T4 Mobile, traders can easily enter and manage orders, allowing seamless trading anywhere, anytime. The platform offers real-time quotes and updates on profit and loss, keeping traders informed and enabling quick decision-making. Whether using an Apple iPhone, iPod Touch, iPad, Android touchscreen phone, or any other supported device, CTS T4 Mobile ensures that traders can access the markets and effectively monitor their positions. With its user-focused features, this engaging mobile platform empowers traders to take control of their trading activities and stay connected to the markets.

CTS T4 Futures Trading Platform

Frequently Asked Questions

What Are the System Requirements for Running CTS T4?

You will need a few things to run the CTS T4 futures trading platform. First, make sure you have a reliable internet connection. This is important for seamless trading. Next, check that your operating system is compatible. CTS T4 works with Windows 7 or higher. Finally, ensure that your computer has at least 2GB of RAM. This will help ensure optimal performance while using the trading platform. Following these system requirements will ensure a smooth trading experience with CTS T4.

Can I Access Real-Time News and Economic Indicators on the CTS T4 Desktop?

You can access up-to-the-minute news and economic indicators on the CTS T4 Desktop. The platform seamlessly integrates with real-time news feeds, keeping you well-informed and empowered to make informed trading decisions. CTS T4 Desktop also provides handy economic indicator widgets, ensuring you have all the relevant information. With CTS T4 Desktop, you can stay on top of market trends and news developments to navigate the financial markets confidently.

Are There Any Additional Costs for Accessing Exchanges on CTS T4 Desktop?

There are no extra fees for accessing exchanges on CTS T4 Desktop. You can trade on all available exchanges without incurring additional charges. This gives us complete control over our trading activities without any hidden costs.

Can I Customize the Layout and Appearance of CTS T4 Mobile?

Yes, you can customize the layout and appearance of CTS T4 Mobile. The platform offers a user-friendly interface design that allows you to personalize it according to your preferences. This customization feature allows you to have a tailored trading experience on the go. You can adjust the layout, colors, and other visual elements to create a trading environment that suits your style and needs. With CTS T4 Mobile, you can truly make the platform your own.

Which Devices Are Supported for Using CTS T4 Mobile?

CTS T4 Mobile is compatible with many devices, including Apple iPhone, iPod Touch, iPad, Android touchscreen phones, and more. This allows users to trade on the go using their preferred device and operating system. Whether you have an iPhone or an Android phone, CTS T4 Mobile covers you. It provides a seamless trading experience no matter which device you use. So, you can stay connected to the markets and make informed trading decisions anytime, anywhere.

Elevate Your Trading Game With the CTS T4 Futures Trading Platform

The CTS T4 futures trading platform is a reliable and efficient trading solution for professional traders in the futures and options markets. It offers direct exchange connectivity, flexible risk management tools, and advanced trading components like the CTS T4 Desktop and CTS T4 Mobile. Traders can analyze market trends, execute trades on the go, and manage their exposure to market volatility. For example, a trader can use the CTS T4 Charts feature to identify a profitable trend and execute a successful trade using the CTS T4 Mobile app away from their desk. With Cannon Trading, traders can access a comprehensive and user-friendly platform that enhances their trading experience.

More About Analyzing & Trading Like a Pro With the CTS T4 Futures Trading Platform

Want to elevate your trading game? Uncover advanced strategies and techniques for maximizing profits on the CTS T4 Futures Trading Platform.


More About Los Angeles CA

Visit Our Google Business Profile!

Los Angeles, known as the “City of Angels,” boasts a vibrant tapestry of cultures, pulsating with the energy of Hollywood, cultural diversity, and a sun-soaked lifestyle that defines its essence.

Los Angeles CA Is Home to Several Iconic Locations

Dodger Stadium: Home to the Los Angeles Dodgers baseball team and a historic venue for sports enthusiasts.

Griffith Observatory: Offering panoramic views of the city and access to astronomical exhibits and shows.

Hollywood Sign: Perched on Mount Lee, this iconic sign represents the heart of the entertainment industry.

Rodeo Drive: A luxury shopping district in Beverly Hills, known for its upscale boutiques and high-end fashion.

Santa Monica Pier: A bustling area with an amusement park, aquarium, and stunning views of the Pacific Ocean.

The Getty Center: A renowned art museum with impressive architecture and extensive collections.

The Hollywood Walk of Fame: A sidewalk embedded with stars honoring achievements in the entertainment industry.

The Los Angeles County Museum of Art (LACMA): One of the largest art museums in the western United States, featuring diverse art collections.

Universal Studios Hollywood: A film studio and theme park providing behind-the-scenes tours and thrilling rides.

Venice Beach: Known for its bohemian spirit, vibrant boardwalk, and muscle beach where athletes showcase their skills.

Los Angeles CA Also Boasts Various Historical Sites

Chinese American Museum: Showcasing the history, culture, and contributions of Chinese Americans in Los Angeles.

El Pueblo de Los Angeles Historical Monument: Featuring historic buildings, including Avila Adobe, and commemorating the city’s early years.

Japanese American National Museum: Commemorating Japanese-American history, particularly the internment during World War II.

La Brea Tar Pits: Preserving Ice Age fossils, it’s an active excavation site and museum showcasing ancient animals and plants.

Los Angeles Maritime Museum: Located in San Pedro, it highlights the city’s maritime history and houses exhibits on ships and the harbor.

Los Angeles State Historic Park: Formerly a railroad yard, it’s now a green space showcasing the city’s history.

Lummis Home: Built by Charles Lummis in the late 1800s, this historic home in Highland Park showcases the city’s early cultural heritage.

Sepulveda House: A historic house museum in El Pueblo de Los Angeles that provides insight into early LA life.

The Los Angeles Conservancy Walking Tours: Guided tours exploring historic neighborhoods, including Art Deco buildings and architectural landmarks.

The Velaslavasay Panorama: Showcasing a unique panoramic painting, it offers a glimpse into historical storytelling and visual arts.


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.

Navigate the Futures Trading Waters With the Trading Futures Platform: CTS T4

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

Trading Futures Platform CTS T4

Regarding futures trading, the trading futures platform CTS T4 is a reliable tool that helps us navigate the futures market. With its advanced charting and customizable chart builder, we can better understand market trends and make more informed trading decisions. But the CTS T4 trading platform offers more than just charts. Cannon Trading also provides execution, support, and research services to enhance our trading experience. From direct exchange access to a robust data center, they have all the tools we need to stay connected and optimize our trades. Let’s explore the CTS T4 trading platform’s features and benefits because knowledge is power in futures trading.

Key Takeaways

  • The trading futures platform CTS T4 is a trading software platform that allows users to trade futures and options products on major exchanges worldwide.
  • The software is available for desktop trading with the CTS T4 PC application and for mobile trading with T4 Mobile on Android, iPhone, and iPad.
  • Users can access advanced charting and custom chart builder tools and register for a CTS T4 Demo to explore the software.
  • CTS T4 offers direct exchange access for fast and reliable quotes, a robust data center for minimized latency, and professional trading tools to customize the workspace. It also provides a variety of order types, including basic ones like limit, stop, and market orders, as well as advanced ones like OCO, auto OCO, and multi-bracket templates.

Trading Software and Platforms

Trading Software and Platforms are essential tools for trading futures and options products on major exchanges worldwide. At Cannon Trading, we understand the importance of advanced charting and custom chart builder tools in giving our clients control of their trading strategies. The trading futures platform CTS T4 offers robust and customizable charting capabilities, enabling traders to analyze market trends and make informed decisions. Our advanced charting features make identifying patterns, trends, and potential entry and exit points easy. With Cannon Trading, you have the power to optimize your trading experience and take control of your financial future.

Execution, Support, and Research

At Cannon Trading, our top priorities are efficient execution, reliable support, and valuable research. We strive to provide our clients with fast and dependable quotes, access to professional trading tools, and a high-performance data center that minimizes latency. With direct exchange access, our clients can trade confidently, knowing they have the most up-to-date information. Our professional trading tools allow for personalized workspaces, empowering traders to create their ideal trading environment.

We understand the importance of reliable execution and offer a robust data center that ensures optimal performance. Our commitment to research means we stay ahead of market trends and provide our clients with the latest insights and analysis. At Cannon Trading, we provide the necessary tools and support for our clients to take control of their trading experience on the trading futures platform CTS T4.

Order Types

Various order types are available for trading futures and options products on major exchanges worldwide. Cannon Trading offers limit, stop, and market orders regarding basic order types. These fundamental tools allow you to enter and exit positions at specified price levels. Cannon Trading has options like OCO (One Cancels the Other), auto OCO, and multi-bracket templates for more advanced order types.

These advanced order types provide greater flexibility and control over your trades, allowing you to simultaneously set multiple profit targets and stop-loss orders. Additionally, Cannon Trading offers a range of additional order types, including Icebergs, MOC (Market on Close), and GTC (Good Till Canceled), among others. With the order types provided by Cannon Trading, you can execute your trading strategies with precision and efficiency.

Trading Futures Platform CTS T4

Frequently Asked Questions

How Can I Access CTS T4 Mobile for Trading on My Android Device?

Accessing T4 Mobile for trading on your Android device is a breeze. This user-friendly platform offers real-time market access and seamlessly allows you to submit orders. It is compatible with Android, iPhone, iPad, and web browsers, allowing you to trade wherever you are. Whether you’re a seasoned trader or just starting, T4 Mobile provides a simple and intuitive trading interface that makes it easy to navigate the markets and execute trades confidently. With Cannon Trading, you can take control of your trading experience right from the palm of your hand.

Can I Customize My Workspace With Professional Trading Tools on CTS T4?

Yes, you can personalize your trading workspace on the trading futures platform CTS T4 with various professional tools. Cannon Trading’s platform provides a wide range of customization features that allow you to tailor your workspace to suit your specific trading needs and preferences.

You can choose from tools and features like customizable charts, technical indicators, and order entry options. These tools can help you analyze market trends, identify opportunities, and execute trades more efficiently.

With the ability to customize your workspace, you can arrange the tools and features in a way that makes sense to you and enhances your trading experience. Whether you prefer a minimalist layout or a more comprehensive display, you can organize your workspace to suit your trading style.

What Are Some Advanced Order Types Available on CTS T4?

The trading futures platform CTS T4 offers a range of advanced order types that give traders more control and flexibility in executing trades. These order execution strategies are designed to help you precisely manage your positions. Some of the advanced order types available on CTS T4 include:

  1. Market Orders: This is the most basic order type, where you buy or sell a security at the current market price.
  2. Limit Orders: With a limit order, you set a specific price for buying or selling a security. The order will only be executed if the market reaches your specified price.
  3. Stop Orders: A stop order limits losses or protects profits. You set a stop price, and if the market reaches that price, the order is triggered and becomes a market order.
  4. Stop Limit Orders: This order type combines the features of a stop order and a limit order. You set a stop price and a limit price. If the market reaches the stop price, the order is triggered and becomes a limit order at the specified price.
  5. Trailing Stop Orders: A trailing stop order protects profits by adjusting the stop price as the market moves in your favor. The stop price “trails” the market price by a specified percentage or amount.
  6.  Iceberg Orders: An iceberg order allows you to hide the size of your order from the market. Only a portion of the order is displayed, while the remaining quantity is hidden. This can help prevent large orders from affecting the market price.
  7. Time-Weighted Average Price (TWAP) Orders: A TWAP order executes a large order over a specific period, aiming to achieve an average price close to the market average.

These are just a few examples of the advanced order types available on CTS T4. Each order type has advantages and can be used in different trading scenarios. By utilizing these advanced order types, traders can enhance their trading strategies and improve their overall trading experience on CTS T4.

Is the CTS T4 Mobile Available for Web Browsers?

CTS T4 Mobile is available for web browsers, making it convenient for users to access the trading platform from their desktop or laptop devices. With CTS T4 Mobile, traders can enjoy a simple, intuitive interface that provides real-time market access and reliable order submission. Whether using an Android device, iPhone, iPad, iPod touch, or web browser, CTS T4 Mobile ensures you can stay connected to the markets and easily manage your trades. Cannon Trading is committed to providing a seamless and accessible trading experience for all traders, and CTS T4 Mobile for web browsers is just one example of that commitment.

Maximize Your Trading Potential With the Trading Futures Platform CTS T4

The CTS T4 futures trading platform provides traders a user-friendly and comprehensive trading experience. The platform offers advanced charting capabilities, customizable workspaces, and a wide range of order types, giving traders the tools to make well-informed decisions. Additionally, the mobile app allows for seamless trading on the go. Whether you’re a beginner or an experienced trader, the trading futures platform CTS T4 is a valuable resource that can enhance your options trading journey. Start maximizing your trading potential with Cannon Trading today.

More About Navigating the Futures Trading Waters With the Trading Futures Platform: CTS T4

Frustrated with ineffective trading platforms? Explore the power and precision of CTS T4 for seamless execution and in-depth market analysis.


More About Los Angeles CA

Visit Our Google Business Profile!

Los Angeles, known as the “City of Angels,” boasts a vibrant tapestry of cultures, pulsating with the energy of Hollywood, cultural diversity, and a sun-soaked lifestyle that defines its essence.

Los Angeles CA Is Home to Several Iconic Locations

Dodger Stadium: Home to the Los Angeles Dodgers baseball team and a historic venue for sports enthusiasts.

Griffith Observatory: Offering panoramic views of the city and access to astronomical exhibits and shows.

Hollywood Sign: Perched on Mount Lee, this iconic sign represents the heart of the entertainment industry.

Rodeo Drive: A luxury shopping district in Beverly Hills, known for its upscale boutiques and high-end fashion.

Santa Monica Pier: A bustling area with an amusement park, aquarium, and stunning views of the Pacific Ocean.

The Getty Center: A renowned art museum with impressive architecture and extensive collections.

The Hollywood Walk of Fame: A sidewalk embedded with stars honoring achievements in the entertainment industry.

The Los Angeles County Museum of Art (LACMA): One of the largest art museums in the western United States, featuring diverse art collections.

Universal Studios Hollywood: A film studio and theme park providing behind-the-scenes tours and thrilling rides.

Venice Beach: Known for its bohemian spirit, vibrant boardwalk, and muscle beach where athletes showcase their skills.

Los Angeles CA Also Boasts Various Historical Sites

Chinese American Museum: Showcasing the history, culture, and contributions of Chinese Americans in Los Angeles.

El Pueblo de Los Angeles Historical Monument: Featuring historic buildings, including Avila Adobe, and commemorating the city’s early years.

Japanese American National Museum: Commemorating Japanese-American history, particularly the internment during World War II.

La Brea Tar Pits: Preserving Ice Age fossils, it’s an active excavation site and museum showcasing ancient animals and plants.

Los Angeles Maritime Museum: Located in San Pedro, it highlights the city’s maritime history and houses exhibits on ships and the harbor.

Los Angeles State Historic Park: Formerly a railroad yard, it’s now a green space showcasing the city’s history.

Lummis Home: Built by Charles Lummis in the late 1800s, this historic home in Highland Park showcases the city’s early cultural heritage.

Sepulveda House: A historic house museum in El Pueblo de Los Angeles that provides insight into early LA life.

The Los Angeles Conservancy Walking Tours: Guided tours exploring historic neighborhoods, including Art Deco buildings and architectural landmarks.

The Velaslavasay Panorama: Showcasing a unique panoramic painting, it offers a glimpse into historical storytelling and visual arts.


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.

One of the Most Robust Trading Platforms for Futures: CTS T4

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

Trading Platforms for Futures CTS T4

Looking for a trading platform that offers flexibility and advanced technology? Look no further than Cannon Trading. With our wide range of features and comprehensive charting package, you’ll have all the tools to navigate the global futures market with one of the most robust trading platforms for futures: CTS T4. Stay informed with real-time quotes and news feeds, and enjoy the convenience of one-click order entry from anywhere with internet access. But that’s just the beginning. Experience the power and functionality of Cannon Trading and join thousands of traders who trust us for their trading needs.

Key Takeaways

  • Cannon Trading offers a comprehensive charting package with various studies and overlays, providing traders with real-time market data and analysis tools.
  • Traders using Cannon Trading have access to various order types, including Markets, Limits, Stops, Stop-Limits, Trailing Stops, and GTC, allowing flexibility in executing their trading strategies.
  • The platform provided by Cannon Trading is highly customizable, with options for color and sound customization, enabling traders to personalize their trading experience.
  • Cannon Trading offers traders accessibility through their mobile trading app, real-time market access, and user-friendly compatibility with popular web browsers, making it easy for traders to stay connected and trade on the go.

Key Features of Trading Platforms for Futures: CTS T4

Cannon Trading offers a range of key features to enhance the trading experience for their clients. With real-time quotes, clients can stay updated on market prices and trends, enabling them to make informed decisions. The platform also provides real-time P&L and position updates, allowing clients to monitor their trades and assess their profitability.

One of the standout features of Cannon Trading is its comprehensive charting package. This package includes various studies and overlays, giving clients the tools to analyze market data and identify potential trading opportunities. The charting package can be customized to suit individual preferences, allowing clients to tailor their trading strategies.

Cannon Trading also offers various order types, including Markets, Limits, Stops, Stop-Limits, Trailing Stops, and GTC. This variety allows clients to execute trades according to their requirements and trading styles.

To enhance the trading experience further, Cannon Trading’s platform allows for color and sound customization. Clients can personalize the platform to their liking, making it a more enjoyable and engaging environment to trade in.

At Cannon Trading, providing clients with the tools and features they need to trade confidently is a top priority. The platform’s real-time market access, comprehensive charting package, and customizable options empower clients to take control of their trading strategies and make the most informed decisions possible.

Cannon Trading: Empowering Traders with a Flexible and Functional Futures Trading Platform in CTS T4

Cannon Trading offers traders a flexible and functional platform to execute their strategies easily and efficiently. The platform provides various customization options, allowing traders to tailor their experience to their needs. From customizing colors and sounds to receiving real-time quotes, traders have complete control over their trading environment.

In addition to customization options, the Cannon Trading CTS T4 trading platform offers various order entry options. Traders can choose between one-click and keyboard order entry for quick and efficient execution. This option is also available for those who prefer a two-click order entry and allows traders to take advantage of quick opportunities in the market.

Traders using Cannon Trading can also view the depth of the market and monitor quotes from multiple markets simultaneously. This provides valuable insights and helps traders make informed decisions. With access to all available exchanges and a comprehensive list of order types, Cannon Trading ensures that traders have the necessary tools to succeed in the market.

The platform’s flexibility and functionality make it a valuable tool for traders of all experience levels. Whether you are a seasoned trader or just starting, Cannon Trading provides the features and capabilities to meet your trading needs. Experience the power of Cannon Trading and take your trading to the next level with the trading platform for futures CTS T4.

Accessibility of Cannon Trading

Accessing Cannon Trading is simple and convenient with our user-friendly platform. Here are three reasons why our accessibility sets us apart:

  1. Mobile trading: Trade from anywhere with internet access using our CTS T4 Mobile platform. Whether on the go or prefer trading from your phone, enjoy real-time market access to every exchange and the ability to submit orders instantly.
  2. Real-time market access: Stay ahead with real-time quotes and order submissions. Our platform provides reliable back-end support, ensuring you have the most up-to-date information and can execute trades without delay.
  3. User-friendly compatibility: Our platform is compatible with popular web browsers like Internet Explorer, Safari, Firefox, Chrome, and Opera. No need to download anything onto your computer – login and start trading.

With Cannon Trading, you have the control and accessibility you need to succeed in the fast-paced world of commodity trading.

Trading Platforms for Futures CTS T4

Frequently Asked Questions

What Are the Fees and Commissions Associated With Trading on Cannon Trading?

Trading fees and commissions on Cannon Trading vary depending on your chosen options. We provide real-time access to the market, customizable features, and a reliable back-end system. You can trade from anywhere as long as you have internet access, and there is no need to download any software. We also offer the CTS T4 Desktop and CTS T4 Mobile app for iPhone and Android devices. Cannon Trading strives to make trading easy and convenient for our clients.

Can I Place Options Trades on Cannon Trading?

Yes, you can trade options on Cannon Trading. Our platform offers a range of options trading strategies and risk management tools to help you make informed decisions and effectively manage your investments. With Cannon Trading, you can explore different options trading opportunities and take advantage of market conditions to maximize your potential returns. Whether you’re a seasoned options trader or just starting, our platform provides the tools and resources to succeed in the options market. So, if you want to trade options, look no further than Cannon Trading.

How is customer support handled at Cannon Trading?

Customer support on Cannon Trading is handled through various channels and aims to provide prompt assistance to customers. It is important to understand the available options and response times before deciding on the appropriate channel for support.

Cannon Trading offers customer support through phone, email, and live chat. These channels allow customers to reach out with concerns and receive timely responses from knowledgeable representatives. The company strives to address customer questions and issues promptly and efficiently.

Regarding response time, Cannon Trading understands the importance of promptly addressing customer inquiries. The company aims to respond to customer queries within 24 hours, although response times may vary depending on the volume of inquiries received.

Are There Any Educational Resources or Tools Available on Cannon Trading?

Yes, Cannon Trading offers a variety of educational resources and online courses to help clients gain knowledge and improve their trading skills. These tools are designed to provide valuable information and insights into trading. Whether a beginner or an experienced trader, Cannon Trading has resources to help you enhance your understanding of the markets and make informed trading decisions. From educational articles and webinars to trading tutorials and market analysis, Cannon Trading is committed to providing valuable educational resources to its clients.

What Are the Minimum Account Requirements to Start Trading on Cannon Trading?

To start trading with Cannon Trading, you must meet the minimum account requirements and fund your account. Once these steps are completed, you will have the freedom and control to make strategic moves in the market.

Achieve New Heights With the CTS T4 Trading Platform

Cannon Trading offers traders a platform adaptable to the ever-changing financial landscape. With real-time updates, comprehensive analysis tools, and easy accessibility from anywhere, our platform empowers traders to navigate the market confidently and efficiently. Experience the power of our platform and join thousands of traders who trust Cannon Trading for their trading needs. Let’s take advantage of opportunities together and achieve new heights in the global futures market.

More About One of the Most Robust Trading Platforms for Futures: CTS T4

Seeking a competitive edge in trading? Unlock the full potential of your strategies with CTS T4’s comprehensive analytics and trading capabilities.


More About Los Angeles CA

Visit Our Google Business Profile!

Los Angeles, known as the “City of Angels,” boasts a vibrant tapestry of cultures, pulsating with the energy of Hollywood, cultural diversity, and a sun-soaked lifestyle that defines its essence.

Los Angeles CA Is Home to Several Iconic Locations

Dodger Stadium: Home to the Los Angeles Dodgers baseball team and a historic venue for sports enthusiasts.

Griffith Observatory: Offering panoramic views of the city and access to astronomical exhibits and shows.

Hollywood Sign: Perched on Mount Lee, this iconic sign represents the heart of the entertainment industry.

Rodeo Drive: A luxury shopping district in Beverly Hills, known for its upscale boutiques and high-end fashion.

Santa Monica Pier: A bustling area with an amusement park, aquarium, and stunning views of the Pacific Ocean.

The Getty Center: A renowned art museum with impressive architecture and extensive collections.

The Hollywood Walk of Fame: A sidewalk embedded with stars honoring achievements in the entertainment industry.

The Los Angeles County Museum of Art (LACMA): One of the largest art museums in the western United States, featuring diverse art collections.

Universal Studios Hollywood: A film studio and theme park providing behind-the-scenes tours and thrilling rides.

Venice Beach: Known for its bohemian spirit, vibrant boardwalk, and muscle beach where athletes showcase their skills.

Los Angeles CA Also Boasts Various Historical Sites

Chinese American Museum: Showcasing the history, culture, and contributions of Chinese Americans in Los Angeles.

El Pueblo de Los Angeles Historical Monument: Featuring historic buildings, including Avila Adobe, and commemorating the city’s early years.

Japanese American National Museum: Commemorating Japanese-American history, particularly the internment during World War II.

La Brea Tar Pits: Preserving Ice Age fossils, it’s an active excavation site and museum showcasing ancient animals and plants.

Los Angeles Maritime Museum: Located in San Pedro, it highlights the city’s maritime history and houses exhibits on ships and the harbor.

Los Angeles State Historic Park: Formerly a railroad yard, it’s now a green space showcasing the city’s history.

Lummis Home: Built by Charles Lummis in the late 1800s, this historic home in Highland Park showcases the city’s early cultural heritage.

Sepulveda House: A historic house museum in El Pueblo de Los Angeles that provides insight into early LA life.

The Los Angeles Conservancy Walking Tours: Guided tours exploring historic neighborhoods, including Art Deco buildings and architectural landmarks.

The Velaslavasay Panorama: Showcasing a unique panoramic painting, it offers a glimpse into historical storytelling and visual arts.


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.

Unlocking Profit Potential on the Platform to Trade Futures: CTS T4

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

Platform to Trade Futures CTS T4

Are you ready to experience the future of futures trading? Look no further than the ultimate platform to trade futures: CTS T4. This state-of-the-art platform offers advanced tools and features to enhance your trading experience. With fast quotes and seamless order execution, CTS T4 has everything you need. What sets it apart? Let’s explore this powerful platform’s key features and benefits and see how it can take your trading to the next level.

Key Takeaways

  • CTS T4 provides fast and reliable quotes directly from the exchanges, allowing for efficient trading.
  • The platform offers a variety of professional trading tools and customizable workspaces to suit individual preferences.
  • Order management is easy, with multiple ways to view and interact with orders and positions, including a real-time account board.
  • The charting feature provides real-time streaming data, customizable charts with various indicators, and the ability to execute orders directly from the chart window.

Key Features of CTS T4 Futures Trading Platform

As one of the top platforms to trade futures, CTS T4 offers a wide range of features that enhance trading efficiency and provide traders with the tools they need for success. One of these features is the customizable workspace, which allows traders to tailor their trading environment to their specific needs and preferences. Traders can arrange and organize charts, quotes, and order management windows to create a workspace that suits their trading style.

Another important feature is the real-time market data. Traders can access fast, reliable quotes directly from the exchanges they want to participate in, ensuring they have the most up-to-date information to make informed trading decisions. The CTS T4 Futures Trading Platform gives traders control over their trading environment and access to real-time market data, providing them with the necessary tools for success.

Advanced Tools and Functionality

The CTS T4 Futures Trading Platform offers traders a wide range of advanced tools and features to enhance their trading experience. One standout feature is the customizable workspace. It allows traders to arrange and organize their tools and information according to their preferences and enables quick and easy access to the tools they use most frequently, creating a workspace that maximizes efficiency and productivity.

Additionally, the platform provides real-time market data, ensuring traders can access the most up-to-date information to make informed trading decisions. This includes fast and reliable quotes directly from the exchanges and an order book that displays all orders and trades. With these advanced tools and real-time market data, traders have the control and insights they need to succeed in the futures market.

Seamless Trading Experience With CTS T4

For a smooth trading experience with CTS T4, traders can take advantage of its advanced tools and features. Here are three ways CTS T4 provides a seamless trading experience:

  1. Customizable Workspace: CTS T4 allows traders to create their ideal trading environment by customizing their workspace. Traders have control over arranging charts, indicators, and order management windows to view and interact with their trading information in a way that suits them best.
  2. Real-time Market Data: CTS T4 provides fast and reliable market data directly from the exchanges. Traders can access real-time streaming data for all available markets, enabling them to make well-informed trading decisions based on the latest market information.

Fast Execution: With CTS T4, latency is minimized to ensure optimal execution of trading strategies. Traders can quickly and efficiently execute orders directly from the robust data center to the exchanges, allowing them to act promptly in the market.

Platform to Trade Futures CTS T4

Frequently Asked Questions

What Are the System Requirements for Using the CTS T4 Trading Platform?

To use the CTS T4 trading platform on multiple devices, you need a stable internet connection and basic hardware that meets the system requirements. There’sThere’s no need for any fancy equipment or high-end specifications. As long as your devices can connect to the internet smoothly, you’ll trade efficiently. Whether using a desktop computer, laptop, tablet, or smartphone, the platform is designed to be accessible and user-friendly across different devices. So, get started with Cannon Trading and enjoy the convenience of trading futures from anywhere, at any time.

Can I Access CTS T4 on Multiple Devices?

Yes, you can easily access CTS T4 on multiple devices. It works seamlessly with various operating systems, including Android, iPhone, iPad, and iPod. This means you can control your trades no matter where you are. Whether you prefer the convenience of your smartphone, tablet, or any other compatible device, CTS T4 covers you. So, feel free to access your trading account on the go and make informed decisions wherever you are.

Does CTS T4 Offer a Demo Account for Users to Practice Trading?

CTS T4 does offer a demo account for users to practice trading. This demo account provides a realistic trading experience and allows users to test different strategies and become familiar with the platform. It’s a risk-free environment where users can gain confidence before trading with real money. With the demo account, users can explore the features and functionality of CTS T4 without any financial risk. It’s a great opportunity for beginners to learn the ropes and for experienced traders to try new techniques. So, if you’re interested in honing your trading skills, the demo account on CTS T4 is a valuable tool to take advantage of.

Are There Any Fees Associated With Using the CTS T4 Trading Platform?

Using the CTS T4 Trading Platform as your platform to trade futures does not involve any fees. With this platform, Cannon Trading has full control over trading strategies and can execute trades confidently without additional costs.

Does CTS T4 Provide Customer Support for Technical Issues or Trading Inquiries?

Yes, Cannon Trading provides customer support for technical issues and trading inquiries. We are here to help you with any questions or concerns regarding the platform. Our team is dedicated to assisting you and ensuring a smooth trading experience. Whether you need help troubleshooting technical problems or have inquiries about trading strategies, our knowledgeable staff is available to support you. You can contact us via phone, email, or live chat; we will gladly assist you.

Experience the Future of Futures Trading Now With CTS T4, the Platform to Trade Futures

If you’re searching for a reliable and efficient futures trading platform, look no further than the premiere platform to trade futures: CTS T4. This platform offers direct exchange access and a robust data center, ensuring fast and reliable quotes for optimal execution of your trading strategies. With a wide range of professional trading tools and a mobile app for trading on the go, CTS T4 is designed to take your trading to the next level. Experience the future of futures trading now.

More About Unlocking Profit Potential on the Platform to Trade Futures: CTS T4

Ever felt overwhelmed by trading complexities? Simplify your approach and trade like a pro with CTS T4‘s intuitive tools.


More About Los Angeles CA

Visit Our Google Business Profile!

Los Angeles, known as the “City of Angels,” boasts a vibrant tapestry of cultures, pulsating with the energy of Hollywood, cultural diversity, and a sun-soaked lifestyle that defines its essence.

Los Angeles CA Is Home to Several Iconic Locations

Dodger Stadium: Home to the Los Angeles Dodgers baseball team and a historic venue for sports enthusiasts.

Griffith Observatory: Offering panoramic views of the city and access to astronomical exhibits and shows.

Hollywood Sign: Perched on Mount Lee, this iconic sign represents the heart of the entertainment industry.

Rodeo Drive: A luxury shopping district in Beverly Hills, known for its upscale boutiques and high-end fashion.

Santa Monica Pier: A bustling area with an amusement park, aquarium, and stunning views of the Pacific Ocean.

The Getty Center: A renowned art museum with impressive architecture and extensive collections.

The Hollywood Walk of Fame: A sidewalk embedded with stars honoring achievements in the entertainment industry.

The Los Angeles County Museum of Art (LACMA): One of the largest art museums in the western United States, featuring diverse art collections.

Universal Studios Hollywood: A film studio and theme park providing behind-the-scenes tours and thrilling rides.

Venice Beach: Known for its bohemian spirit, vibrant boardwalk, and muscle beach where athletes showcase their skills.

Los Angeles CA Also Boasts Various Historical Sites

Chinese American Museum: Showcasing the history, culture, and contributions of Chinese Americans in Los Angeles.

El Pueblo de Los Angeles Historical Monument: Featuring historic buildings, including Avila Adobe, and commemorating the city’s early years.

Japanese American National Museum: Commemorating Japanese-American history, particularly the internment during World War II.

La Brea Tar Pits: Preserving Ice Age fossils, it’s an active excavation site and museum showcasing ancient animals and plants.

Los Angeles Maritime Museum: Located in San Pedro, it highlights the city’s maritime history and houses exhibits on ships and the harbor.

Los Angeles State Historic Park: Formerly a railroad yard, it’s now a green space showcasing the city’s history.

Lummis Home: Built by Charles Lummis in the late 1800s, this historic home in Highland Park showcases the city’s early cultural heritage.

Sepulveda House: A historic house museum in El Pueblo de Los Angeles that provides insight into early LA life.

The Los Angeles Conservancy Walking Tours: Guided tours exploring historic neighborhoods, including Art Deco buildings and architectural landmarks.

The Velaslavasay Panorama: Showcasing a unique panoramic painting, it offers a glimpse into historical storytelling and visual arts.


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.

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.

Presidents Day 2024 Holiday Schedule for CME / Globex and ICE Exchange

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

 

Presidents Day 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

 

*Dates and times are subject to change

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

Globex® Presidents Day 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

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

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

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


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

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

 

 

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.

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

 

 

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.

NFP Report, Event Contracts + Futures Trading Levels for 02.02.24

Get Real Time updates and more by joining 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.

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

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

 

 

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

Get Real Time updates and more by joining 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 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

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

 

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.

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.

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.

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.

Martin Luther King 2024 Holiday Schedule for CME / Globex and ICE Exchange

Martin Luther King 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

 

*Dates and times are subject to change

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

Globex® Martin Luther King 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

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

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

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

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.

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.

Unlock Your Potential in the Exciting World of Forex Trading

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

Are you ready to take control of your investments and explore the exciting world of forex trading? Well, you’re in luck because I’ve got some great news for you. Did you know that forex is the largest financial market globally? It’s open 24 hours a day, six days a week, offering numerous trading opportunities. At Cannon Trading, we understand how important it is to be in control, which is why we offer futures and forex trading on our user-friendly platforms. With us, you can enjoy trading paying low commissions or dealing with hidden fees or complicated pricing structures. Our helpful support team is always available to assist you, and our advanced trading platform provides all the tools you need to execute your forex strategies. So, why wait? Dive into the world of forex trading with Cannon Trading and seize control of your investments today.

Forex Trading Availability

Forex trading is easily accessible to investors with Cannon Trading. We offer a simple and straightforward approach to forex trading. With forex trading availability, you have the opportunity to trade for 24 hours a day, six days a week. This extended trading window allows you to participate in the forex market whenever it suits you. In addition, the forex market is highly liquid, which means there are plenty of opportunities to enter and exit positions smoothly. Unlike stock markets, which have more limited trading hours, the forex market offers a flexible schedule for investors. Whether you’re an experienced trader or just starting out, Cannon Trading provides the necessary tools and support to navigate the forex market with confidence.

Overview of Forex Trading

When it comes to forex trading, Cannon Trading is a great option. Let’s take a closer look at this exciting financial market. The forex market is the biggest one globally, offering opportunities to diversify your investment portfolio. It operates for 24 hours a day, 6 days a week, giving you plenty of time to trade. One of the advantages of forex is its high liquidity, which means you can quickly enter and exit positions. Unlike stock markets with limited trading hours, forex offers more flexibility. To succeed in forex trading, it’s important to develop effective strategies that align with your financial goals and risk tolerance. By understanding the market’s liquidity and implementing well-thought-out trading strategies, you can take control of your investments and potentially achieve financial success.

Forex Market Liquidity Forex Trading Strategies
High liquidity allows for quick entry and exit of positions. Develop effective strategies aligned with financial goals.
Forex market operates 24 hours a day, 6 days a week. Consider risk tolerance when choosing trading strategies.
Greater flexibility compared to stock markets. Stay informed about market news and global events.
Currency pairs offer diverse trading opportunities. Use technical analysis and chart patterns to guide decisions.
Take advantage of market volatility for potential profits. Implement proper risk management techniques.

Benefits of Trading Forex With Cannon Trading

At Cannon Trading, we offer a range of benefits for trading forex that make us stand out from other brokers. When it comes to forex trading, our platform has advanced features and tools that allow you to implement your forex trading strategies effectively. Moreover, we have a team of knowledgeable trade desk associates who can provide support and assistance. You can reach them at 800-454-9572 in case you have any questions or concerns about forex trading. As you explore forex trading, we also provide a variety of currency pairs to consider, such as the EUR/USD, EUR/CAD, GBP/DKK, USD/CAD, and ZAR. With Cannon Trading, you can seize forex trading opportunities while having the necessary support and resources to succeed.

Frequently Asked Questions

What Are the Major Factors That Influence the Exchange Rates in the Forex Market?

When it comes to the forex market, there are a couple of important factors that can influence exchange rates. Two key factors are inflation and interest rates. Understanding how these factors impact the forex market is essential if you want to have control over your investments. It’s crucial to stay informed and make well-informed decisions based on this knowledge. By keeping an eye on inflation rates and interest rates, you can better navigate the forex market and make strategic investment choices. Cannon Trading, a trusted name in the industry, can provide you with the necessary tools and insights to stay ahead in the forex market.

Are There Any Restrictions on the Amount of Money One Can Invest in Forex Trading?

When it comes to forex trading, there are certain limits and regulations that you need to keep in mind. It’s important to familiarize yourself with these restrictions and adhere to the rules set by regulatory authorities. This will help you maintain control over your investments and ensure a smooth trading experience. Cannon Trading, for example, is a brokerage firm that can provide guidance and support in navigating these regulations. By being aware of the investment limits and following the guidelines, you can make informed decisions and mitigate any potential risks. Remember, it’s always wise to stay within the boundaries set by the regulatory authorities to safeguard your investments.

How Do I Choose the Right Forex Broker for My Trading Needs?

When it comes to choosing the right forex broker, it’s crucial to prioritize your forex education. Look for a broker that offers a wide range of resources and support to help you make well-informed decisions and take control of your trading journey. Cannon Trading, for example, is a broker that understands the importance of providing comprehensive educational materials and assistance to traders. By equipping yourself with knowledge and the right tools, you can navigate the forex market more confidently and increase your chances of success.

What Are the Risks Associated With Forex Trading and How Can They Be Mitigated?

When it comes to forex trading, it’s important to be aware of the risks involved and how to minimize them. One key risk is market volatility, which means that prices can change rapidly and unpredictably. To handle this, it’s crucial to have effective risk management strategies in place.

One way to mitigate risks is by using stop-loss orders. These are instructions to automatically sell a currency if its value falls to a certain point. By setting a stop-loss order, you can limit potential losses and protect your investment.

Another way to manage risks is by diversifying your portfolio. Instead of putting all your eggs in one basket, you can spread your investments across different currency pairs. This helps to reduce the impact of any negative movements in a single currency.

It’s also important to stay informed and keep up with market trends. By staying updated on economic news and events that can impact currency values, you can make more informed trading decisions.

Additionally, it’s crucial to have a realistic mindset and not let emotions drive your trading. Forex trading can be exciting, but it’s important to approach it with discipline and a long-term perspective. Avoid chasing quick profits and instead focus on consistency and risk management.

Are There Any Tax Implications for Forex Trading and How Should They Be Handled?

Tax implications may arise when engaging in forex trading. It’s crucial to have a clear understanding of tax laws and ensure compliance. Seeking advice from a tax professional is highly recommended to develop effective strategies and receive guidance on handling taxes properly. Consulting an expert will help navigate the complexities of tax obligations and ensure that you are fulfilling your responsibilities as a forex trader. Cannon Trading, a trusted resource in the field, can provide valuable insights and assistance in managing tax implications related to forex trading.

More About Unlocking Your Potential in the Exciting World of Forex Trading

Dive into the thrilling landscape of Forex trading and uncover your innate abilities, poised to excel and thrive within this dynamic financial sphere, unleashing your full potential.

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


More About Los Angeles CA

Visit Our Google Business Profile!

Los Angeles, known as the “City of Angels,” boasts a vibrant tapestry of cultures, pulsating with the energy of Hollywood, cultural diversity, and a sun-soaked lifestyle that defines its essence.

Los Angeles CA Is Home to Several Iconic Locations

Dodger Stadium: Home to the Los Angeles Dodgers baseball team and a historic venue for sports enthusiasts.

Griffith Observatory: Offering panoramic views of the city and access to astronomical exhibits and shows.

Hollywood Sign: Perched on Mount Lee, this iconic sign represents the heart of the entertainment industry.

Rodeo Drive: A luxury shopping district in Beverly Hills, known for its upscale boutiques and high-end fashion.

Santa Monica Pier: A bustling area with an amusement park, aquarium, and stunning views of the Pacific Ocean.

The Getty Center: A renowned art museum with impressive architecture and extensive collections.

The Hollywood Walk of Fame: A sidewalk embedded with stars honoring achievements in the entertainment industry.

The Los Angeles County Museum of Art (LACMA): One of the largest art museums in the western United States, featuring diverse art collections.

Universal Studios Hollywood: A film studio and theme park providing behind-the-scenes tours and thrilling rides.

Venice Beach: Known for its bohemian spirit, vibrant boardwalk, and muscle beach where athletes showcase their skills.

Los Angeles CA Also Boasts Various Historical Sites

Chinese American Museum: Showcasing the history, culture, and contributions of Chinese Americans in Los Angeles.

El Pueblo de Los Angeles Historical Monument: Featuring historic buildings, including Avila Adobe, and commemorating the city’s early years.

Japanese American National Museum: Commemorating Japanese-American history, particularly the internment during World War II.

La Brea Tar Pits: Preserving Ice Age fossils, it’s an active excavation site and museum showcasing ancient animals and plants.

Los Angeles Maritime Museum: Located in San Pedro, it highlights the city’s maritime history and houses exhibits on ships and the harbor.

Los Angeles State Historic Park: Formerly a railroad yard, it’s now a green space showcasing the city’s history.

Lummis Home: Built by Charles Lummis in the late 1800s, this historic home in Highland Park showcases the city’s early cultural heritage.

Sepulveda House: A historic house museum in El Pueblo de Los Angeles that provides insight into early LA life.

The Los Angeles Conservancy Walking Tours: Guided tours exploring historic neighborhoods, including Art Deco buildings and architectural landmarks.

The Velaslavasay Panorama: Showcasing a unique panoramic painting, it offers a glimpse into historical storytelling and visual arts.


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.

Learn How to (try) Maximize Profits and Minimize Risks in This Exciting World of Futures Trading

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


Welcome to the exciting world of futures trading with Cannon Trading Co. 

If you’re looking to expand your investment horizons and add diversity to your portfolio, futures trading might be just what you need. We are here to provide you with comprehensive education, excellent service, user-friendly platforms, and transparent pricing. With our advanced online trading platforms, such as Cannon Pro , you can access the futures markets easily from anywhere, at any time.

Our team of experienced futures specialists is ready to support you every step of the way. From trading Micro WTI Crude Oil to E-mini S&P 500 to Bonds, Ag products and Metals, even the most liquid currency pairs on the globe, we offer a wide range of products to suit your trading preferences. Join us as we explore the potential of futures trading and take charge of your financial future.

Benefits of Trading Futures Through Cannon Trading

Trading futures through Cannon Trading offers a range of benefits that make it a great option for traders. One of the key advantages is the comprehensive education provided. Cannon Trading offers a wealth of resources, including articles, videos, webcasts, covering a wide range of futures topics. This educational material helps traders expand their knowledge and make better informed decisions on a more consistent basis.

Another benefit is the extensive product access provided by Cannon Trading. Traders have the opportunity to diversify their portfolios by trading a variety of futures contracts. Whether it’s micro futures like Micro WTI Crude Oil and Micro Bitcoin or other popular futures, there are a wide range of products available to suit different trading strategies including liquid short and long term option contracts. 

In addition to education and product access, Cannon Trading Co. also offers superior service and innovative platforms. Their dedicated customer support team is readily available to assist traders with any questions or concerns they may have. The trading platforms provided by Cannon Trading Co are user-friendly and equipped with advanced features that enhance the trading experience.

Fair pricing is another advantage of trading futures through Cannon Trading Co. They offer competitive rates, allowing traders to keep their transaction costs low. This is especially important for active traders who make frequent trades.

Popular Futures Trading Details

Let’s explore the ins and outs of popular futures trading options, giving you a better understanding of their key features and specifics. One option that many traders find appealing is micro futures trading. This allows you to engage in futures trading at a lower cost compared to standard contracts. For instance, you have micro futures in many of the popularly investable contracts including but not limited to contracts in the Energy sector, Financial Indices, Interest Rates, Currencies, Metals and more which offer opportunities for diversifying your investment portfolio. But not only that, due to their lower cost, overnight margin requirements, you can enjoy more staying power over not just hours, but days or weeks with a moderate capital commitment.

It’s crucial to keep these details in mind when contemplating your futures trading options. By understanding the features and specifications of different instruments, you can make informed decisions that align with your trading goals. Whether you are hedging or speculating with us at Cannon Trading Co, futures options, outrights, spread trading or using algo’s, we’re here to support you on your trading journey and engage with you to provide valuable insights along the way.

Frequently Asked Questions

What Are the Risks Involved in Futures Trading?

When it comes to futures trading, there are a couple of important risks to consider: leverage risk and market volatility risk. It’s essential to recognize that futures trading can potentially increase your profits, but it can also amplify your losses. That’s why having a strong risk management strategy is crucial.

Let’s briefly discuss leverage risk. Leverage allows traders to control a larger position with a smaller amount of capital. While this can be advantageous, it also means that even small price movements can have a significant impact on your investment. It’s important to be aware of this risk and carefully consider your trading decisions and risk management strategies, a Cannon Trading Co. broker can assist you with these..

Let’s also briefly discuss market volatility risk. The futures market can experience rapid price fluctuations due to various factors such as economic news, geopolitical events, or even natural disasters. These fluctuations can create both opportunities and risks. It’s important to stay informed and keep an eye on market conditions to make informed trading decisions and have a trading plan in place..

To mitigate these risks, it’s crucial to have a solid risk management strategy in place. This includes setting stop-loss orders to limit potential losses, utilizing option strategies to assist in risk mitigation, diversifying your portfolio to spread risk, and staying disciplined in your trading approach. It’s also advisable to educate yourself about the market, study historical price patterns, and stay updated on relevant news and events.

How Can I Manage My Risk When Trading Futures?

When it comes to trading futures, there are several techniques and strategies we can use to manage our risk effectively. One approach is to set stop-loss orders, which act as a safety net by automatically closing our positions if they reach a certain level of loss. This helps protect our capital and prevents us from incurring significant losses.

Another way to manage risk is by diversifying our positions. By spreading our investments across different futures contracts, we can reduce the impact of any single trade on our overall portfolio. This diversification helps to mitigate the risk associated with any individual contract or market.

Furthermore, adjusting our position sizes based on our risk tolerance is crucial. It’s important to carefully evaluate the amount of capital we are willing to risk on each trade. By aligning our position sizes with our risk tolerance, we can avoid taking on excessive risk and maintain a more balanced approach to trading. Ask your Cannon Trading Co. broker how you can do this using micro contracts.

Finally, utilizing proper risk-reward ratios is essential. This involves assessing the potential reward of a trade in relation to the risk involved. It’s generally recommended to aim for a higher potential reward compared to the potential risk. This way, even if not all trades are successful, the profitable ones can outweigh the losing ones, resulting in overall positive returns.

Are There Any Tax Implications When Trading Futures?

Yes, there are tax implications to consider when trading futures You will receive a 1099B. Currently gains are taxed at a blended rate. We are not registered Tax advisors, please consult a CPA, accountant or other tax professionals. 

Can I Trade Futures on Margin?

Absolutely!  Futures trading is highly leveraged. You will need to understand notional value relative to the margin requirement to determine if futures trading is the right investment in time, energy and capital for you. A Cannon Trading Co. Broker will gladly assist you with any questions or concerns. Margin trading enables us to control larger positions using a smaller amount of capital. It’s crucial, however, to fully understand the margin requirements and associated risks before participating in margin trading. By carefully considering these factors, we can make informed decisions and potentially maximize our trading opportunities.

What Types of Orders Can I Use When Trading Futures?

When you’re trading futures, there are different types of orders that you can use. One option is a limit order, which allows you to set a specific price at which you want to buy or sell. This can be handy if you have a specific target price in mind. Another option is a market order, which means you’re buying or selling at the current bid or offer. This can be useful if you want to execute the trade quickly without worrying about the specific price.

At Cannon Trading Co, we offer these order types to help you navigate the futures market efficiently and make informed trading decisions in addition, you can utilize stop orders, Bracket orders, Iceberg orders,  strategy orders and for options we offer all of the exchange recognized order combinations in addition to software you can buy and create your own spreads.

More About Learning How to Maximize Profits and Minimize Risks in This Exciting World of Futures Trading

Explore the intricate landscape of futures trading, uncovering key insights to amplify gains while adeptly navigating risk-mitigation tactics, fostering a deeper understanding of profit maximization.

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

More About Los Angeles CA

Visit Our Google Business Profile!

From the sun-kissed beaches of Santa Monica to the iconic Hollywood Hills, Los Angeles captivates with its blend of glamor, innovation, and a thriving entertainment industry that weaves dreams into reality.

Los Angeles CA Is Home to Several Iconic Locations

Dodger Stadium: Home to the Los Angeles Dodgers baseball team and a historic venue for sports enthusiasts.

Griffith Observatory: Offering panoramic views of the city and access to astronomical exhibits and shows.

Hollywood Sign: Perched on Mount Lee, this iconic sign represents the heart of the entertainment industry.

Rodeo Drive: A luxury shopping district in Beverly Hills, known for its upscale boutiques and high-end fashion.

Santa Monica Pier: A bustling area with an amusement park, aquarium, and stunning views of the Pacific Ocean.

The Getty Center: A renowned art museum with impressive architecture and extensive collections.

The Hollywood Walk of Fame: A sidewalk embedded with stars honoring achievements in the entertainment industry.

The Los Angeles County Museum of Art (LACMA): One of the largest art museums in the western United States, featuring diverse art collections.

Universal Studios Hollywood: A film studio and theme park providing behind-the-scenes tours and thrilling rides.

Venice Beach: Known for its bohemian spirit, vibrant boardwalk, and muscle beach where athletes showcase their skills

Los Angeles CA Also Boasts Various Historical Sites

Chinese American Museum: Showcasing the history, culture, and contributions of Chinese Americans in Los Angeles.

El Pueblo de Los Angeles Historical Monument: Featuring historic buildings, including Avila Adobe, and commemorating the city’s early years.

Japanese American National Museum: Commemorating Japanese-American history, particularly the internment during World War II.

La Brea Tar Pits: Preserving Ice Age fossils, it’s an active excavation site and museum showcasing ancient animals and plants.

Los Angeles Maritime Museum: Located in San Pedro, it highlights the city’s maritime history and houses exhibits on ships and the harbor.

Los Angeles State Historic Park: Formerly a railroad yard, it’s now a green space showcasing the city’s history.

Lummis Home: Built by Charles Lummis in the late 1800s, this historic home in Highland Park showcases the city’s early cultural heritage.

Sepulveda House: A historic house museum in El Pueblo de Los Angeles that provides insight into early LA life.

The Los Angeles Conservancy Walking Tours: Guided tours exploring historic neighborhoods, including Art Deco buildings and architectural landmarks.

The Velaslavasay Panorama: Showcasing a unique panoramic painting, it offers a glimpse into historical storytelling and visual arts.


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.

Discover the Secrets of Margin Trading & Risks, Profit & Loss

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


Margin trading is a smart way for us investors to try and  increase our potential profits in the market. At Cannon Trading, we understand why margin trading is so attractive, and we’re here to assist you in taking control. In this article, we’ll explain why Cannon Trading is a great choice for margin trading, the risks involved, how it works, and provide clear examples.

One major reason to choose Cannon Trading for margin trading is our wide range of products available on all platforms. Whether you’re using a computer, phone, or tablet, our user-friendly interface allows you to access a variety of securities that can be used for margin trading. We also provide excellent educational resources that are completely free and customizable, helping you understand the ins and outs of margin trading. Additionally, our experienced traders are available 24/7 to offer assistance, and our pricing is transparent with no hidden fees. Join us as we delve into the world of margin trading and unlock the potential of your investment strategies.

Reasons to Choose Cannon Trading

If you’re looking for a great option for margin trading, Cannon Trading has got you covered. One thing that sets us apart is our wide range of products available across all platforms. We believe it’s crucial to have a diverse selection of products when it comes to margin trading. This ensures that you can build a well-rounded portfolio and seize opportunities in different markets.

At Cannon Trading, we prioritize risk management in margin trading. We understand that it’s essential to be aware of the risks involved and have effective strategies in place. That’s why we provide comprehensive education and resources to help you understand and manage these risks. Our team of experienced traders is available round the clock to offer support and guidance whenever you need it.

When it comes to pricing, we believe in transparency. With Cannon Trading, you can expect straightforward pricing with no hidden fees. We want you to have full control over your trading costs, so you can make informed decisions and optimize your trading experience.

Risks of Margin Trading

When we decide to engage in margin trading, it’s important to be aware of the potential risks that come with leveraging our investments. These risks can include:

  • The possibility of experiencing losses: Margin trading has the potential for both gains and losses. It’s crucial to be prepared for the chance of losing more money than we initially invested.
  • Margin calls: If the value of our investment drops below a certain level, we may receive a margin call. This means we’ll need to either deposit additional funds or sell some of our securities to meet the margin requirements.

It’s crucial to understand that margin trading can result in significant financial losses and the need for margin calls. By carefully evaluating our risk tolerance and having a solid risk management strategy in place, we can better navigate the risks associated with margin trading. At Cannon Trading, we believe in providing our clients with the necessary information and guidance to make informed decisions in their trading activities.

How Margin Trading Works

Understanding how margin trading works involves borrowing money to buy marginable securities, which can increase our buying power and potentially boost our returns. However, it’s important to be cautious and have proper risk and money management strategies in place. Margin trading offers advantages in terms of market strategies, as it allows us to take advantage of short-term price fluctuations and potentially increase our profits. But it’s crucial to remember that margin trading also increases the risk of losses. Therefore, it’s essential to carefully assess the risk and reward ratios. By grasping the fundamentals and implementing effective margin trading strategies, we can make informed decisions and work towards achieving our financial goals.

Frequently Asked Questions

How Is Margin Interest Calculated and What Are the Current Rates?

When it comes to calculating margin interest and finding out the current rates, things can vary depending on the brokerage you choose. Cannon Trading, for example, offers competitive rates and provides options for those who prefer lower risk, such as cash accounts. It’s important to do your research and compare different brokerages to find the best fit for your needs. By exploring your options, you can make informed decisions and ensure you’re getting the most out of your trading experience.

Are There Any Restrictions on the Types of Securities That Can Be Traded on Margin?

Yes, there are certain restrictions on the types of securities that can be traded on margin. Some securities may not be eligible for margin trading or may require higher margin requirements. It’s important for us to be aware of these restrictions so that we can maintain control over our trading activities. By understanding these limitations, we can make informed decisions and manage our trades effectively. Cannon Trading provides guidelines and information to help traders navigate these restrictions and ensure a smooth trading experience.

What Is the Process for Initiating a Margin Call and What Are the Consequences if a Margin Call Is Not Met?

If you’re unable to meet a margin call, the consequences can be quite serious. When it comes to initiating a margin call, Cannon Trading, the broker, may either ask for more money or sell your securities to cover any losses.

Not being able to fulfill a margin call can have significant repercussions. It’s crucial to understand the process and the potential outcomes. Cannon Trading, as your broker, will take action if you’re unable to meet the requirements. They might request additional funds from you to make up for the shortfall. Alternatively, they may sell some of your securities to compensate for the losses.

It’s important to be aware of the implications of not meeting a margin call. If you fail to provide the necessary funds or if your securities are sold, you may face financial losses or even the liquidation of your account. This can have a detrimental impact on your overall financial situation.

To avoid these consequences, it’s advisable to closely monitor your margin accounts and ensure that you have sufficient funds to meet any potential margin calls. It’s also crucial to regularly review your investment strategy and risk tolerance to minimize the likelihood of encountering a margin call situation.

Can Margin Trading Be Used for Short Selling or Is It Only Applicable for Buying Securities?

Absolutely! Margin trading is not only applicable for buying securities, but it can also be used for short selling. This means that investors can borrow shares from a broker, sell them at the current market price, and then buy them back at a potentially lower price in the future. It’s like betting that the price of a stock will go down.

Margin trading offers some advantages for investors who engage in short selling. It allows them to increase their leverage, meaning they can control a larger position with a smaller amount of capital. This can potentially lead to higher profits if the stock price indeed goes down as predicted.

However, it’s important to note that margin trading also comes with risks. If the stock price goes up instead of down, the investor who shorted the stock may experience losses. Additionally, there is the possibility of receiving a margin call, which is when the broker demands additional funds to cover potential losses in the account.

It’s crucial for investors to understand the risks involved in margin trading and to have a solid strategy in place. It’s always wise to consult with a knowledgeable broker, like Cannon Trading, who can provide guidance and support in navigating the complexities of margin trading.

More About Discovering the Secrets of Margin Trading and Boosting Your Profits

Delve into margin trading’s hidden tactics, leveraging borrowed funds for amplified gains while navigating market risks adeptly to optimize profits.

Disclaimer – Cannon Trading is registered with the National Futures Association as an Introducing Broker and is licensed to trade futures and futures options and off-exchange foreign currency transactions. Cannon Trading is not registered or licensed to trade securities of any kind. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time

More About Los Angeles CA

Visit Our Google Business Profile!

Amidst palm-lined boulevards and a kaleidoscope of neighborhoods, Los Angeles embraces diversity, offering a melting pot of cuisines, arts, and lifestyles, painting a dynamic portrait of urban living.

Los Angeles CA Is Home to Several Iconic Locations

Dodger Stadium: Home to the Los Angeles Dodgers baseball team and a historic venue for sports enthusiasts.

Griffith Observatory: Offering panoramic views of the city and access to astronomical exhibits and shows.

Hollywood Sign: Perched on Mount Lee, this iconic sign represents the heart of the entertainment industry.

Rodeo Drive: A luxury shopping district in Beverly Hills, known for its upscale boutiques and high-end fashion.

Santa Monica Pier: A bustling area with an amusement park, aquarium, and stunning views of the Pacific Ocean.

The Getty Center: A renowned art museum with impressive architecture and extensive collections.

The Hollywood Walk of Fame: A sidewalk embedded with stars honoring achievements in the entertainment industry.

The Los Angeles County Museum of Art (LACMA): One of the largest art museums in the western United States, featuring diverse art collections.

Universal Studios Hollywood: A film studio and theme park providing behind-the-scenes tours and thrilling rides.

Venice Beach: Known for its bohemian spirit, vibrant boardwalk, and muscle beach where athletes showcase their skills

Los Angeles CA Also Boasts Various Historical Sites

Chinese American Museum: Showcasing the history, culture, and contributions of Chinese Americans in Los Angeles.

El Pueblo de Los Angeles Historical Monument: Featuring historic buildings, including Avila Adobe, and commemorating the city’s early years.

Japanese American National Museum: Commemorating Japanese-American history, particularly the internment during World War II.

La Brea Tar Pits: Preserving Ice Age fossils, it’s an active excavation site and museum showcasing ancient animals and plants.

Los Angeles Maritime Museum: Located in San Pedro, it highlights the city’s maritime history and houses exhibits on ships and the harbor.

Los Angeles State Historic Park: Formerly a railroad yard, it’s now a green space showcasing the city’s history.

Lummis Home: Built by Charles Lummis in the late 1800s, this historic home in Highland Park showcases the city’s early cultural heritage.

Sepulveda House: A historic house museum in El Pueblo de Los Angeles that provides insight into early LA life.

The Los Angeles Conservancy Walking Tours: Guided tours exploring historic neighborhoods, including Art Deco buildings and architectural landmarks.

The Velaslavasay Panorama: Showcasing a unique panoramic painting, it offers a glimpse into historical storytelling and visual arts.


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.

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.

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.

Cannon Trading Reviews


What do our customers say about us:



Trading Expertise As Featured In

Loading
Loading

Loading
Loading
Loading

Loading