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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.

FOMC Tomorrow + 02.01.2023 Trading Levels

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Tomorrow is Wednesday, the first trading day in February 2023 as well as FOMC day.

To add some fuel to the fire, we will have ADP, JOLTS and ISM PMI earlier in the day as well as crude oil numbers!!

Busy day to say the least……

The market is expecting a hike of 25 basis points.

4111 is a MAJOR resistance level for the March SP 500.

Trading on FOMC days

 

The following are my PERSONAL suggestions 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 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 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.

·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.

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

·    Be patient and be disciplined

·    If in doubt, stay out!!

 

A Cannon broker will be able to assist, provide feedback and answer any questions.

 

Chart below 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

PriceCounts – Not about where we’ve been , but where we might be going next!

The July -Dec Corn spread is extending it’s rally into new highs where the chart is taking aim at its first upside priceCount objective near 92 cents. Curious about spreads? Read more here.

 

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.

 

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

Futures Trading Levels

for 02-01-2023

#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

 

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 – FOMC & NFP 01.31.2023 Futures Trading Levels

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The Week Ahead – FOMC and NFP

By John Thorpe, Senior Broker

 

A week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies. Markets have been veering recently on worries that the economy and corporate profits may be set for a steep drop-off, along with competing hopes that cooling inflation will get the Federal Reserve to take it easier on interest rates.

The central bank’s next decision on rates is coming Wednesday, and most investors expect it to announce an increase of just 0.25 percentage points. That would be the smallest increase since March, following a spate of hikes of 0.75 points and then a 0.50-point increase, and it would mean less added pressure on the economy. The big question is whether Fed Chair Jerome Powell on Wednesday afternoon will give markets what they want to hear — hints that rate hikes will end soon and rate cuts may even be possible late this year — or stick to the Fed’s mantra that it plans to keep rates higher for longer, even if a modest recession hits.

Central Banks for the U.K. and Europe are also set to announce the latest increases this week. In addition more than 100 companies are scheduled to announce this week , Tech heavy’s Apple, Amazon and Alphabet to name a few and weight the S&P 500 Index the heaviest at weeks end we have Non Farm Payrolls whose expectations are characterized here at www.econoday.com Released On 2/3/2023 8:30:00 AM For Jan, 2023

 

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

for 01-31-2023

#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

 

Economic Reports, Source: 

Forexfactory.com

 

 

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

Core PCE tomorrow… + Trading Levels 1.27.2023

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

Core PCE tomorrow. While not expected to move the markets like PPI and CPI, we still may see some volatility.

Personal income is expected to edge 0.2 percent higher in December with consumption expenditures expected to decrease 0.1 percent. These would compare with respective November gains of 0.4 and 0.1 percent. PCE inflation readings for December are expected at no change overall and up 0.3 percent for the core (versus respective gains of 0.1 and 0.2 percent) for annual rates of 5.0 and 4.4 percent (versus November’s 5.5 and 4.7 percent).

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

for 01-27-2023

#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

 

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’s left the Last 2 Trading days of the Week & Futures Levels 1.26.2023

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

The Week Ahead

By Mark O’Brien, Senior Broker

 

Grains / Soy complex: For Soybeans and corn interests, many eyes are on South America, where because their crop year runs counter to here in the U.S., large producers like Argentina and Brazil are approaching harvest. Brazil is set for a bumper soybean crop. Argentina is experiencing drought conditions which are more adversely affecting their corn crop than their soybeans. Traders believe the soybean crop can recover more significantly from the heat and drought as compared with the corn crop.

Gold & Silver: precious metals analysts often look to ETF holdings for guidance on gold and silver futures prices, eyeing inflows and outflows for developing patterns. To wit, both gold and silver ETF holdings are sitting above their levels at the start of the year

Energy: Crude oil traded to a 4-day low this A.M. The likely catalyst could be Chinese energy demand, which seems to be linked to COVID infection rates in that country, whish show little signs of peaking yet.  Support at $80.00 per barrel (March contract) looks vulnerable unless we see some confirmation of improving conditions inside China.

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

for 01-26-2023

#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

 

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.

Outlook on Week Ahead & Trading levels for 01.24.2023

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

The Week Ahead

By John Thorpe, Senior Broker

 

“The Week Ahead” next F.O.M.C. meeting is to be held Next Tuesday and Wednesday Jan. 31st – Feb . 1 as such we have entered the FOMC Board of Governors Blackout time frame. As discussed previously, no members may discuss policy until the rate announcement on Feb. 1st. so there shouldn’t be too many surprise moves that occur in the financial markets usually generated from speaking engagement commentary. Fed Chairman Powell had tested positive for Covid19 but is expected to attend the meeting either in person or remotely as his symptoms are mild.

Of note this week is Q4 GDP on Thursday @ 7:30 am CST and perhaps jobless claims for the week at the same time. This, if a surprise, could shake the financial markets a bit in the short run. Earnings will be the main cause of market movement until next weeks FED Meeting. The Busy Calendar includes Microsoft Tesla, IBM, Intel, American Airlines, Valero, Chevron and Haliburton. This is the Golden Week as China is celebrating it’s lunar New Year, the impact on volume may or may not be seen in some markets but not all. 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

for 01-24-2023

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

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

 

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.

One of the Most Overlooked Trading Ingredients & Trading levels for 01.19.2023

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One of the most overlooked Trading Ingredient: Learn to Lose!

 

Many different factors go into trading. Too many to discuss efficiently in one blog post. Some relate to trading techniques, other to money management, mental aspect, risk capital and much more.

 

But one that sticks in my eyes is the inability to accept a loss. I see many clients who can make money and have days where they make money but when they lose, they lose much more, sometimes even losing control and losing a big portion of their account.

 

I am not sure how a trader can embed this into their trading mind, BUT in my opinion if you train your brain to expect losses, understand losses and that losing days will happen, you will increase your chances of surviving in this business, which in return will actually give you a chance to succeed….

 

Losses are part of trading and as long as your losses are part of the plan and are quantified in advance and you can adhere to your rules, then you have a chance. I think it’s easy when traders are winning…making money etc. Much harder when you lose or down. your brain starts playing tricks on you…it tells you to double down, maybe reverse even though your analysis does not say so….all of a sudden you start pulling trades out of instinct, fear rather than a calculated plan that has solid risk/ reward.

 

If a trader learns how to lose, to accept losses, to have realistic expectations, then he/ she can avoid having one of those terrible days when traders can lose almost of all their account.

 

Also, while a bit easier in my mind, a day trader should also step away when he/she reached a predefined profit target for the trading day. In my humble opinion, the more you day trade, the more fatigued you become and larger chances for errors. Somewhat like a pro basketball player managing their playing minutes….

 

I went into this subject and detailed day-trading money management in an article I wrote a few years back for SFO magazine.

 

Click here to read the rest of the Article

 

 

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

Futures Trading Levels

for 01-20-2023

#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

 

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 and Natural Gas Tomorrow & Trading levels for 01.19.2023

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

Bullet Points, Highlights and Announcements

By Mark O’Brien, Senior Broker

 

General: Even in the face of solid COVID uncertainty for China, a persistent fear that the Fed will overtighten and that a recession is looming here in the U.S., there are some green shoots (thank you to former U.K. Chancellor of the Exchequer Norman Lamont for coining that term back in ‘91) to indicate signs of improvement for the economy, including growing sentiment that the beginning of the end for rising interest rates – and inflation – is on the horizon.

Take commodity prices for example.

Several that are in tight supply are now responding by tracking higher as a result of modest improvements in demand for their manufactured products. Copper prices – historically viewed as a leading indicator – are up over 30% in the last six months, including a ±14% increase this month so far. Silver is up ±25% since Sept. to year-ago prices around $24/oz. Crude oil has pressed upwards above ±$80/barrel, ±$10 higher this month and on par with prices from last Feb.

At the same time, these higher prices for industrial products have helped keep inflation readings – CPI, PPI notably – stubbornly high with only slight signs of downward movement in the last few releases. This is almost certainly narrowing the runway on which the “Fed Pivot” will eventually use to try landing the economy as softly as possible this year.

Energies: Heads up! As opposed to most weeks when they’re released on Wednesday and Thursday, this week’s Energy Information Agency reports on natural gas storage and crude oil supplies will be released on the same day: tomorrow at 9:30 A.M. and 10:00 A.M., Central Time, respectively. That’s natural gas storage first, followed by crude oil supplies. The Martin Luther King Day holiday effected this schedule change.

 

 

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

Futures Trading Levels

for 01-19-2023

#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

 

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.

PPI Tomorrow & Trading levels for 01.13.2023

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PPI tomorrow. Market moving report.

Here is a link of a video I took last week during CPI that shows the “vacuum” and much lower liquidity traders need to be aware of.

Trading Resource of the Week – “Trading Around Key Economic Reports” FREE Course

 

In this “Trading Around Key Economic Reports” FREE Course you will learn:

·    What is CPI?

·    About the Retail Sales Report

·    What is NFP ( non farm payroll) Report?

·    Understanding US housing Data

·    FOMC

·    Understanding Oil Data Report

·    Importance of Consumer Confidence Survey

 

Expand Your Trading Knowledge NOW!

 

 

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

Futures Trading Levels

for 01-18-2023

#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

 

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.

MLK Trading Hours & Trading levels for 01.13.2023

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

Monday we will observe Martin Luther King Jr. Holiday.

Please see abbreviated trading hours HERE and summary 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

for 01-13-2023

#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

 

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.

Kansas City Wheat Outlook & Trading levels for 01.11.2023

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

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.

New Crop Kansas City Wheat to head lower?? WASDE Thursday may provide more clues.

 

FREE TRIAL AVAILABLE

 

PriceCounts – Not about where we’ve been , but where we might be going next!

 

Please contact a Cannon Broker if you have any questions about trade strategy, set-ups and risk management techniques as we start the new year! Plan your trade and trade your plan.

 

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

Futures Trading Levels

for 01-10-2023

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

 

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.

Dr. Martin Luther King 2023 Trading Schedule for CME / Globex and ICE Exchange

Dr. Martin Luther King 2023 Trading Schedule for CME / Globex and 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® Dr. Martin Luther King 2023 Holiday Schedule for CME / Globex and ICE Exchange

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

ICE Futures Dr. Martin Luther King 2023 Holiday Schedule for CME / Globex and ICE Exchange

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.

Reports & Trading Levels for 01.10.2023

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Bullet Points, Highlights and Announcements

By John Thorpe, Senior Broker

 

The most volatile event this week off the economic data calendar will almost certainly be the December CPI at 7:30 CST on Thursday. The core CPI was up 6.0 percent in November, coming down from its near-term peak of up 6.6 percent in September.

The total CPI was up 7.1 percent year-over-year in November and has been on the decline since the near-term peak of up 9.1 percent in June.. It is expected that the December report will see a little more easing in upward inflationary price pressures. https://www.bls.gov/cpi/

 

In the agriculture sector, this week highlights the WASDE USDA Crop Production, Supply/Demand and winter wheat seedings all following suit on Thursday at 11:00 am CST. Although North American crop land is experiencing winter weather it is summer time in South America and we will get meaningful numbers from Brazil and Argentina row crop production in this World Ag Supply and Demand Estimate. https://www.usda.gov/oce/commodity/wasde

Please contact a Cannon Broker if you have any questions about trade strategy, set-ups and risk management techniques as we start the new 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

for 01-10-2023

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

 

 

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 ahead of Friday NFP & Trading Levels for 01.05.2023

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

Bullet Points, Highlights and Announcements

By Mark O’Brien, Senior Broker

 

“I don’t think anyone knows whether we’re going to have a recession or not, and if we do, whether it’s going to be a deep one or not,” Jerome H. Powell, the Fed chair, said during his FOMC news conference back in mid-December. “It’s not knowable.”

 

And with this in mind, it’s not far-fetched to expect the markets that have been most disrupted in recent years will to continue to ricochet in 2023.

 

Policymakers will continue to try to guess what lies ahead and they’ll continue to make predictions by looking at historical data, which has always been critical to those who make those predictions. Flying in the face of that approach is that over the last three years – roughly the duration of the pandemic – the past is proving anything but a reliable guide.

 

The economy rebounded from the hit it incurred at the onset of the coronavirus – faster and stronger than expected. Then, shortages of goods collided with strong demand and fueled a burst in inflation, one that has been both more extreme and more stubborn than anticipated.

 

Now, we have a year in which the Federal Reserve raised interest rates at the fastest pace since the 1980’s – in their efforts to slow growth and bring those rapid price increases back under control. The war in Ukraine has and will almost certainly continue to impact energy and grain prices. And with China’s Covid policy charting an unclear future for the world’s second largest economy, the future is still extraordinarily uncertain.

 

Will the Fed’s policies spur a recession? Or, will the economy gently cool down, taming high inflation in the process? How will commodity prices react? Commodities futures traders, Central bankers, economists, the current administration’s officials all will be trying to guess what might lie ahead for the economy in 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

for 01-05-2023

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

 

 

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.

Reports & Trading levels for 01.04.2023

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We started out 2023 with a bit better volume across the board and some large moves across different markets.

Still not the volume we saw in the first week of December but as large traders return from holidays the volume will pick up.

We have a busy day tomorrow!

ISM PMI

JOLTS

FOMC Minutes.

If anyone has holidays “hangover” tomorrow should cure that out as I expect some larger moves and higher volatility.

 

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

Futures Trading Levels

for 01-04-2023

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

 

 

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.

New Year’s Trading Schedule + Futures Trading Levels 12-30-2022

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

 

Have a safe holiday, and we wish you all a Happy New Year in 2023 !!!

 

From the CME Globex Control Center, executive summary:

 

Fri. Dec. 30 = ALL NORMAL closes

 

Mon. Jan. 2 – DAY = ALL GLOBEX CLOSED

 

Mon. Jan. 2 – EVENING = NORMAL opening and pre-opening for all,

(except grains and livestock = pre-open and open on Tues. morning)

Full New Year’s Trading Schedule

 

 

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

Futures Trading Levels

for 12-30-2022

 

 

 

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.

New Year’s Trading Schedule + Trading Levels 12.29.2022

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Tomorrow we have weekly unemployment claims.

Natural gas numbers at 9:30 Am central followed by Crude Oil numbers at 10 AM central.

Volume is LIGHT so large orders can move the markets and at times exaggerate moves.. Mini SP avg last few weeks was over 2.2 million contacts per day, today only 1.1 mil so 50% of the volume…

Full New Year’s Trading Schedule

 

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

Futures Trading Levels

for 12-29-2022

 

 

Economic Reports, Source: 

Forexfactory.com

 

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

Happy Holidays + Trading Levels for 12.28.2022

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

Full New Year’s Trading Schedule

We wish you all a safe and joyous holiday!!

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

Futures Trading Levels

for 12-28-2022

 

 

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.

Merry Christmas, Holiday Trading Schedule + Trading Levels 12.23.2022

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Heads up traders. The holidays are near at hand and with them, holiday trading hours and holiday trading conditions. This year, Christmas falls on a Sunday and Monday the 26th is the designated holiday. So, when the markets close Friday afternoon – at their regular times – the markets will remain closed Sunday night all the way through to their Monday afternoon/evening openings. Ordinarily, trade volume across all asset classes declines into a holiday and this may be augmented due to the extended closures of the markets. It’s advised to keep an eye on your open positions and open orders coming into the Monday afternoon opening.

Christmas 2022 Trading Schedule

New year’s Trading Schedule

We wish you all a safe and joyous holiday!!

 

From the CME Globex Control Center, executive summary:

 

Fri. Dec. 23 = ALL NORMAL closes

 

Mon. Dec. 26 (day) = CLOSED, all mkts.

 

Mon., Dec. 26 (night) = NORMAL opening and pre-opening for all – EXCEPT grains and livestock remain closed.

 

Tues., Dec. 27 = grains and livestock 8:30 a.m. market re-opening.

Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.

 

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

Futures Trading Levels

for 12-23-2022

 

 

Economic Reports, Source: 

Forexfactory.com

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

Happy Birthday Bitcoin Futures! + Trading Levels 12.22.2022

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Celebrating five years strong with Bitcoin futures (BTC)

Nearly 10 million contracts traded and counting 

 

For the past five years, Bitcoin futures have provided a regulated, transparent marketplace for cryptocurrency derivatives trading, all backed by CME Group’s time-tested financial safeguards.

 

Since launching in 2017, Bitcoin futures have seen notable growth in volume, open interest and customer participation, paving the way for additions to CME Group’s market-leading Cryptocurrency product suite in 2022 – including options on Micro Bitcoin and Micro Ether futures, 21 new CME CF cryptocurrency benchmarks (most recently on three more DeFi tokens), and more.

 

Looking to learn more about Bitcoin futures?

 

Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.

 

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

Futures Trading Levels

for 12-22-2022

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F,  #ZB_F,  #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

 

 

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.

Consumer Confidence + Trading levels for 12.21.2022

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Busy day tomorrow: Existing home sales @9:00 am CDT

 

Consumer Confidence @ 9 AM CDT as well

Energy numbers at 9:30 AM central.

If you like to trial audio news service, we have special pricing and offer for Cannon’s clients and prospects!

The equivalent of a financial police radio, TradeTheNews.com covers economic numbers, interest rate decisions, stock up/down grades, rumors, central banker speak, energy news, terrorism, geopolitical developments and natural disasters in real-time.

Christmas 2022 Trading Schedule

New year’s Trading Schedule

 

Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.

 

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

Futures Trading Levels

for 12-21-2022

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F,  #ZB_F,  #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

 

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.

Housing Data + Trading levels for 12.20.2022

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

Housing Data week

By John Thorpe, Senior Broker

A full week of trading!

Before I get into the market moving events for the week I would be remiss if I didn’t mention holiday light volume going into this weekends 3 day weekend. The best times to trade will be around the openings and closings while sprinkling in a few post report time frames.

The Housing market and GDP highlight this weeks market movers. Tuesday 7:30 am CST Housing Starts. Wednesday Existing home sales @9:00 am CST And Friday , same time New Home Sales.

 

Smattered in between we have Consumer Confidence On Wed @ 9 AM CDT , GDP on Thursday @ 7:30 CDT PREMARKET, this should be a big mover if it’s off the mark. Friday two more premarket numbers that could create the last volatility for the day and exhaust the energy for the week in the equity markets, they are Durable goods orders and personal income both at 7:30 CDT and will give the FED more information relative to efficacy of their current fed policy objectives.

Christmas 2022 Trading Schedule

New year’s Trading Schedule

 

Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.

 

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

Futures Trading Levels

for 12-19-2022

 

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.

Triple Witching + Trading levels for 12.16.2022

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

START TRADING MARCH CURRENCY FUTURES AS WELL!

Triple Witching

Heads up traders:

Triple Witching is near. For those of you trading stock index futures – any size S&P 500, Nasdaq, Dow Jones, Russell 2000 – remember that this Friday at 8:30 A.M. Central Time, those contracts’ December futures expire and will no longer be available for trading. If you happen to hang on to any Dec. contracts past that time, they will automatically be offset via the cash settlement price of that contract. For you stock index futures options traders, if you to hang on to any Dec. options, the cash settlement price will determine whether your options are in or out of the money, in which case they will either expire worthless or be instantly exercised/assigned, valued and offset by the cash settlement price. Stock options also expire this Friday, thus the triple witching expression (no supernatural phenomena will appear at this time).

 

Final Settlement Procedures

Quarterly settlement of S&P 500, E-mini S&P 500, S&P MidCap 400, E-mini S&P MidCap 400, S&P 500 Citigroup/Growth and Value and SPCTR Index futures and options on futures are based on a Special Opening Quotation of the relevant underlying index. The Special Opening Quotation for each index is based on the opening price of each component stock in that index on expiration Friday.

Special Opening Quotations (SOQ) generally differ from the opening index value of each index because all stocks do not open immediately. For example, on typical days surveyed by CME Group, most S&P stocks open quickly, with around 95% open within 15 minutes and 98% open within 30 minutes. Other indexes with larger numbers of stocks may take longer to open.

 

Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.

 

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

Futures Trading Levels

for 12-16-2022

 

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 Tomorrow! + Trading levels for 12.14.2022

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

ROLL to MARCH 2023 equity contracts as we are seeing more volume in the March Contracts than in the December ones the symbol for March is H so a micro e-mini S&P contract will be MESH23. Thursday we get Jobless claims, Retail sales and Industrial production.

 

Tomorrow we have FOMC

The following are my PERSONAL suggestions 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 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 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.

·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.

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

·    Be patient and be disciplined

·    If in doubt, stay out!!

A Cannon broker will be able to assist, provide feedback and answer any questions.

Watch video below on how to rollover using our FREE E-Futures Platform.

 

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

Futures Trading Levels

for 12-14-2022

 

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

 

Economic Reports, Source: 

Forexfactory.com

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

CPI, FOMC, Rollover + Trading levels for 12.13.2022

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CPI, FOMC & Rollover!

By John Thorpe, Senior Broker

A Volatile week ahead.. CPI, FOMC, and Thursday, a number of market movers : Take Note: this is Rollover week for the Equities!

The Consumer Price Index release has been a boom or bust for many accounts and there are very few reasons to expect the November reading to create any less price movement in the Equities, Interest rate products, Currencies and Precious metals markets. 12/13, tomorrow morning at 7:30 CST sharp this report will be released! Year over Year CPI is expected to be tempered a little and come in @ 7.3% compared to 7.7% last month. Remember expectations are baked into current futures prices. FOMC meets this week and will announce it’s final fed funds policy move for 2022. The rate decision will be on 12/14 Wednesday at 1 P.M. CDT promptly and the news conference with Fed Chair Jerome Powell at 1:30 P.M. CDT to follow. ROLL to MARCH 2023 equity contracts as today is the first day we are seeing more volume in the March Contracts than in the December ones the symbol for March is H so a micro e-mini S&P contract will be MESH23. Thursday we get Jobless claims, Retail sales and Industrial production.

I recommend the sideline tomorrow morning at 5:30 CDT and at 11:30 CDT on Wednesday for the CPI and FOMC numbers. We/you can’t determine the strength of the initial move then the capitulation with any certainty at all during these events. As always , plan your trade and trade your plan

A Cannon broker will be able to assist, provide feedback and answer any questions.

Watch video below on how to rollover using our FREE E-Futures Platform.

 

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

Futures Trading Levels

for 12-13-2022

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

 

 

Economic Reports, Source: 

Forexfactory.com

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

PPI + Trading levels for 12.09.2022, Reports

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

Military and Trading strategies

By Mark O’Brien, Senior Broker

There’s an analogy drawn from military strategy to trading strategy that’s worth noting. It’s origin dates to the 1890’s and a German field marshal, but the more well-known versions come from Winston Churchill and Dwight D. Eisenhower. Churchill said, “Plans are of little importance, but planning is essential,” while Eisenhower said, “Plans are worthless, but planning is everything.” The eminent military strategist Mike Tyson advanced this view of planning with what might be his most famous quote: “Everyone has a plan until they get punched in the mouth.” The take-away from these words: nothing fully prepares you for trading like actual trading. Similar to going to battle, or in Mr. Tyson’s case, getting into a boxing ring, in trading you can plan all you want, i.e., paper trade, or trade with a demo version of a trading platform and a hypothetical account balance, but no amount of time dedicated to these activities will satisfactorily develop your capacity for trading. Trading with a live, real money account will impact your mood, your judgement, your market opinions, your wits like no amount of mock trading will. This is not a prodding to do anything you’re not ready to do. Just don’t count on paper trading or demo trading to look like real trading. That is a whole distinct undertaking.

MICROS may be a good tool for some traders to step from demo to live, to test different strategies and in general when volatility is high, trading capital is low etc.

PPI Tomorrow!

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

for 12-09-2022

 

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.

New Year’s 2023 Holiday Schedule for CME / Globex and ICE Exchange

New Year’s 2023 Holiday Schedule for CME / Globex and 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® New Year’s 2023 Holiday Schedule for CME / Globex and ICE Exchange

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

ICE Futures New Year’s 2023 Holiday Schedule for CME / Globex and ICE Exchange

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.

Christmas 2022 Holiday Schedule for CME / Globex and ICE Exchange

Christmas 2022 Holiday Schedule for CME / Globex and 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® Christmas Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

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

ICE Futures Christmas Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

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.

Finish the Week Strong! + Trading levels for 12.08.2022

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

What to Look for as we Finish the Trading Week

By Mark O’Brien, Senior Broker

Energy:

After starting the year near $72 per barrel, by June, West Texas crude oil (Jan. ’23 futures contract) climbed to its highs above $108 per barrel. Today, Jan. crude oil traded to an intraday low of $71.75, a ±$36 per barrel (±$36,000) leap and fall.

Not to be out don’t, after breaching $10.00 per million British thermal units in early August, natural gas traded below $5.34 intraday yesterday, a whopping ±46% cut in the asset’s value and a ±$46,000 move for a single futures contract (Jan. ’23 futures contract).

Metals:

Albeit experiencing a slight correction this week so far, gold (Feb. ’23 futures contract) managed to hold nearly all of its ±$170 rally through $1,800 per ounce off its multi-year lows of early November near $1,635 per ounce – a ±$17,000 move in one month.

Announcements:

Keep an eye on the calendar for important U.S. government reports this Friday, starting with the Labor Department’s release of its Producer Price Index showing the cost of wholesale goods and services. The reading reflects what companies pay for supplies such as grains, fuel, metals, lumber, packaging and so forth. This is a key inflation gauge in the midst of four-decade high wholesale prices. Release time: 7:30 A.M., Central Time.

Also on Friday, the USDA will release its Crop Production Report along with its World Supply/Demand report (likely the more critical). It’s delivered at 11:00 A.M., Central Time.

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

for 12-08-2022

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

 

Economic Reports, Source: 

Forexfactory.com

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

“Blackout Period” + Trading levels for 12.06.2022

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

“Blackout Period”

By John Thorpe, Senior Broker

Fed refers to it as a “Blackout Period.”

Federal Reserve policy limits the extent to which FOMC participants and staff can speak publicly or grant interviews during Federal Reserve blackout periods, which begin the second Saturday preceding a Federal Open Market Committee (FOMC) meeting and end the Thursday following a meeting.

The current “Blackout Period” is December 3rd through December 15th.

Of particular note this week, Pay attention to Jobless Claims on Thursday and Price Index PPI Final Demand on Friday. Both reports will be disseminated @ 7:30 CST pre equity market open, as usual. Keep your trading journal up to date; Plan your trade and trade your plan.

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

for 12-06-2022

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

 

Economic Reports, Source: 

Forexfactory.com

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

Weekly Newsletter – Trading Resources and more! 12.05.2022

Cannon Futures Weekly Newsletter Issue # 1124

 

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

In this issue:
  • Trading Resource of the Week
  • Hot Market of the Week
  • Broker’s Trading System of the Week
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

  • Trading Resource of the Week

If you traded recently while Powell was speaking, perhaps during a CPI report or even more so as NFP (non farm payrolls) numbers come out – YOU KNOW HOW IMPORTANT THESE NEWS ITEMS ARE!!
TRADETHENEWS.COM IS A SERVICE WHICH PROVIDES BREAKING NEWS VIA AUDIO AND TEXT. INSIGHT INTO HOW THE MARKET IS REACTING AND MANY OTHER VALUABLE TOOLS!
The First
To provide audio news squawks in 1998.
Entering our second decade of market
moving analysis.
Depth of Coverage
Professional analysts broadcasting 24 hrs
for American, European and
Asian markets.
Speed
Analyst teams are recognized
globally as the fastest source
for market intelligence.
Diverse Platform Offerings
Audio, text headlines, calendars and ability to ask questions to analysts live through platform.
Unbiased Insight
Completely independent – Unlike other services,
Trade The News is not backed by any trading firm.
Confidence
Extensive 10+ year proprietary databases
that allow analysts to back check news instantly to prevent errors.

  • Hot Market of the Week – Feb Gold

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.
PriceCounts – Not about where we’ve been , but where we might be going next!

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$10,000
COST
USD 175 / monthly
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.

 

  • Trading Levels for Next Week

Daily Levels for December 5th

Weekly Levels

 

 

  • Trading Reports for Next Week

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

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

NFP Tomorrow + Trading levels for 12.02.2022

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

NFP – Non farm Payrolls tomorrow. This is a market moving economic reports and the last few months we have seen some very SHARP moves right around the number. Be prepared!

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.

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

for 12-02-2022

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

 

Economic Reports, Source: 

Forexfactory.com

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

Trading levels for 11.30.2022, Reports & More!

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

Start trading March grains, March silver, March bonds and other interest rates, February gold. First notice day is Wednesday.

Tomorrow is also the last trading day of the month – busy day with different reports and Fed’s Powell speaking..

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

for 11-30-2022

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

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

 

Economic Reports, Source: 

Forexfactory.com

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

Trading Journal + Trading levels for 11.29.2022

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

Keep a Trading Journal!

By John Thorpe, Senior Broker

You’ll often hear us say ‘plan your trade and trade your plan’.

I’ll add to that “and keep a detailed Trading Journal or Trading Diary”.

There are a number of important ways you can develop as a trader by documenting and reviewing your daily trading activity.

  1. Skill development – a diary allows you to see where in your analysis you were correct, but most importantly where you were wrong. Most of us find it difficult to admit when a mistake has been made. A conversation in the mirror is helpful to overcome this frailty. Not calling out your mistakes will hinder you as a trader, learning from your mistakes is one of the most effective ways of improving any skill set. Michael Jordan’s secret to success was captured in his quote; “I’ve missed more than 9000 shots; I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that’s why I succeed” Fearlessness when it came to failing. Honesty first, with yourself.
  2. Improves your trading strategy- giving yourself the ability to look back and potentially avoid making the same mistake more than once. You can identify the successful strategy whether it was due to a set-up, a particular way the market was behaving, before a report or after one or perhaps your risk management strategy. After evaluating the success or failures of your trading strategy, you may conclude that you need to change that strategy.
  3. Key elements to your diary-

Date and time

Position size ( in notional value relative to your account size)

Details of the transaction, Long or Short, entry price, risk management used (stop, option or spread) trade outcome. Keep notes of specific market behavior during times like holiday trading, specific reports ( CPI, NFP etc.)

Record your why, your rationale for the trade. Record your emotional state (well rested, anxious, excited) Was it a busy day?, did you monitor the trade?, did you go to the gym?, did you leave for a few hours? Why did you close the trade? Did you get nervous? Was the market beginning to change complexion?

Setting aside time to review your journal once a week is highly recommended to gain the maximum use out of the experience. A trading journal or Trading Diary is not just about the initial documentation, but the review is what will create a better understanding of triggers, both good and bad that you can learn from and improve your trading strategy for years to come.

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

for 11-29-2022

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

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

 

Economic Reports, Source: 

Forexfactory.com

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

Holiday Schedule, Bitcoin Futures + Trading Levels 11.25.2022

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

Cannon Trading extends a warm thank you to all of our clients for a memorable and safe holiday. Blessings to all.

Make sure you are aware of the trading schedule for the markets you trade! Some Markets will be open each day under abbreviated hours, some markets like the agricultural, grain and livestock venues will be closed Thursday and short hours Friday.

FULL SCHEDULE HERE

Take the Worry out of your Crypto Trading

By Mark O’Brien

This week, the U.S. Justice Department announced that two Estonian citizens were arrested for their alleged involvement in a $575,000,000 cryptocurrency fraud and money laundering conspiracy.

Also this week, a notable Chinese venture investor, Bo Shen revealed he lost $42 million worth of crypto as a result of a theft from his personal wallet. Most of those assets were denominated in US Dollar Coin (USDC), a stablecoin created jointly by fintech company Circle, and crypto exchange Coinbase.

Most notably in the news recently, the collapse of crypto platform FTX continues to rattle the world of digital assets. In this instance, FTX’s customers’ funds on are still frozen, and they are losing hope they will ever get much back. It’s customers number in the millions. The 50 largest creditors alone are owed more than $3 billion dollars.

It makes you wonder about the safety and integrity of trading crypto assets.

Let this be a reminder 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

for 11-24-2022

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

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

Economic Reports, Source: 

Forexfactory.com

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

Crude Oil & Natural Gas Numbers Tomorrow + Trading Levels 11.23.2022

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

Could be a busy, volatile day tomorrow ahead of Thanksgiving!

We have a day full of reports!

Home sales, Flash services PMI.

Both crude oil and natural gas numbers tomorrow. Crude as usual at 9:30 AM central and natural gas at 11 AM central.

FOMC Minutes as well.

Make sure you are aware of the trading schedule for the markets you trade! Some Markets will be open each day under abbreviated hours, some markets like the agricultural, grain and livestock venues will be closed Thursday and short hours Friday.

FULL SCHEDULE HERE

Cannon Trading extends a warm thank you to all of our clients for a memorable and safe holiday. we will continue to post the exchange hours throughout the week. Blessings to all.

A Cannon broker will be able to assist, provide feedback and answer any questions.

CME FUTURES Thanksgiving Holiday Schedule 2022

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

Futures Trading Levels

for 11-23-2022

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

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

Economic Reports, Source: 

Forexfactory.com

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

Short Trading Week + Trading levels for 11.22.2022

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

Holiday Trading

By John Thorpe, Senior Broker

A National Day of Thanks!

For those who enjoy the history of any day or event I’ve included a historical highlight from history.house.gov of the national Thanksgiving holiday from George Washington’s Proclamation Nov. 26, 1789 through a House of representatives bill, signed into law in December of 1941 as a national day of thanks. https://history.house.gov/Historical-Highlights/1901-1950/The-Thanksgiving-holiday/

During this week, volume tends to trickle compared to no holiday weekday trading. ES volume today was about 60% of the volume last Monday.

Some Markets will be open each day under abbreviated hours, some markets like the agricultural, grain and livestock venues will be closed both Thursday and Friday.

FULL SCHEDULE HERE

Cannon Trading extends a warm thank you to all of our clients for a memorable and safe holiday. we will continue to post the exchange hours throughout the week. Blessings to all.

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

for 11-22-2022

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

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

Economic Reports, Source: 

Forexfactory.com

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

Thanksgiving 2022 Holiday Schedule for CME / Globex and ICE Exchange

Thanksgiving 2022 Holiday Schedule for CME / Globex and 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® Thanksgiving Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

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

ICE Futures Thanksgiving Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

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.

Weekly Newsletter #1124: Trading Alerts Direct to Your Inbox + Levels for 11.21.2022

Cannon Futures Weekly Newsletter Issue # 1124

Trading Signals Direct to Your Inbox!

Directly to your Inbox!
  • Daily email to traders identifying trading opportunities (signals) on more than 20 specific tickers per a discrete set of rules and conditions/algorithms.
  • Do it yourself or utilize an experienced broker to assist you or take the trades on your behalf with a letter of direction!
IMPORTANT PLEASE NOTE: TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THIS LETTER ARE OF OPINION AND DO NOT GUARANTEE ANY PROFITS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

Futures Trading Levels

11-21-2022

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

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

Weekly Levels

 

 

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

https://mrci.com

Date Reports/Expiration Notice Dates

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

Order Flow + Trading levels for 11.18.2022, Reports & More!

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

Order Flow

By John Thorpe, Senior Broker

When looking at a level II Depth of Market D.O.M. display we see the bids and offers 10 deep on either side of the market. This used to be tradeable information until the Algorithms started to become more prevalent around 2008-9 and created a less transparent, meaningful order book. Orders or rather, Bids and Offers would be cancelled and replaced making it difficult to see where the aggression was playing out giving the trader a clear as mud picture of price direction. Footprints reveal Points of Control P.O.C. ( highest volume price levels within the time frame bar) and can provide an area of decision making separate or in conjunction with S & R levels, Fib levels or similar areas of probability. Footprint charts, when mastered can reveal order book imbalances , Buy or Sell imbalances and give you, the trader the ability to identify your side of the market as you always want to buy with more aggressive bidders and sell with more aggressive offers.

  • Volume Footprint
  • Bid/Ask Footprint
  • Delta Footprint

Using Footprint charts may aid in trade management.

Cannon offers several trading platforms that offer unique insight into order flow, footprints, market profile and MORE!

Demos are available for the platforms below:

Sierra Charts

Bookmap

Quantower

VolBook

and a few others.

A Cannon broker will be able to assist, provide feedback and help you evaluate.

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

for 11-18-2022

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

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

Economic Reports, Source: 

Forexfactory.com

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

Here Come the Holidays…+ Trading levels for 11.17.2022

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

Here come the holidays…..

By Mark O’Brien, Senior Broker

The CME Group and ICE observe Thanksgiving, Christmas and New Year’s Day. “Observe,” translates to abbreviated trading hours for some the major commodity markets.

It’s a good idea to know the abbreviated trading hours and the best place to go for these is straight to the source.

The link below will take you to the page on the CME Group web site where you’ll find the 2022 CME Globex Trading Schedule:

https://www.cmegroup.com/tools-information/holiday-calendar.html

The link below will take you to the page on the ICE web site where you’ll find the 2022 ICE U.S. Trading Schedule:

https://www.theice.com/publicdocs/futures_us/exchange_notices/ICE_Futures_US_2022_TRADING_HOLIDAY_CALENDAR_20211118.pdf

Important date on the calendar:

It’s not too early to give traders the heads up: Wednesday, Nov. 30 is First Notice Day for a slew of major futures contracts, including December Financials (T-bonds, T-notes), December grains (corn, Chi., K.C., MN wheat, Soybean oil, Soymeal) and December metals (gold, silver & copper). Plan to roll your long positions to the next front month in the days ahead.

Remember, all these contracts are deliverable, meaning if you hold any long position through First Notice Day, you’re giving the exchange notice that you intend to take physical delivery of the futures contract’s underlying commodity, like 5,000 bushels of corn. In case you haven’t contemplated the size of that, it’s 280,00 pounds, or 140 tons of corn. It would take two standard 45-ft. shipping containers to bring that to your front door. Incidentally, you’ll receive a $100,000 10-yr. Treasury note if you hold its futures contract through First Notice Day.

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

for 11-17-2022

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

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

Economic Reports, Source: 

Forexfactory.com

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

Gold Looking For Attention + Trading levels for 11.15.2022

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

PPI final this week!

Gold may again be on the March.

By John Thorpe, Senior Broker

Recently we have had a bit of a breakout in the spot gold contract prices traded through our platforms and the CME/Nymex. The contract is a 100 troy oz deliverable contract GCZ22. There are also , smaller sized contracts, Micro’s MGCZ22 10 troy ounces and Mini’s QOZ22 50 troy ounces Financially settled.  These contracts offer not only a great day trading tool but also a wonderful way to control an interest in a tangible asset class. Much has been, currently is and will continue to be written about Gold as a hedge during times of uncertainty. How prices will move as an effect of whatever the cause will always be open for debate.

From Executive order 6102 signed in 1933, President Franklin Roosevelt forbid the hoarding of gold coin, bullion and certificates to the initiation of the gold standard from the 1944 Bretton Woods agreement, to Nixon’s “temporary” suspension of the dollar’s convertibility into gold in 1972, Global Governmental policy has often interceded in the convertibility of the U.S. Dollar and the value of gold in the past 100 + years. Wherever the price of gold has been or where it is currently headed, there is no doubt that it remains a valuable asset class of it’s own so it does bear to watch the price closely as it appears to be breaking from a long slumber.  In the short run I see Dec 22 and Feb 23 gold prices needing to test lower levels around 1738 1744 respectively, before this market, if a breakout is in the cards, will develop into a true upside breakout and in fact, will test multi year highs. Personally, I believe the fundamentals aren’t quite right for a big move from here, but the technical indicators certainly are screaming “look at me”, for now I will watch and wait.

 

Daily chart for your review below.

Plan your trade and trade your plan.

#GC; Daily Gold Futures Chart

Daily Gold Futures 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

for 11-15-2022

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

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

 

Economic Reports, Source: 

Forexfactory.com

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

Veterans Day, Price Banding + Trading levels for 11.11.2022

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

This morning at 7:30 A.M., Central Time / 5:30 A.M., Pacific Time, the Bureau of Labor Statistics released its Consumer Price Index Report, which measures the prices paid by consumers for a basket of consumer goods and services.  Instantly, stock index futures experienced EXTREME volatility.  The E-mini $5 Dow Jones futures contract (YMZ22) jumped ±500 points (a ±$2,600 per contract move) in less than 10 seconds. The E-mini S&P 500 futures contract (ESZ22) jumped ±100 points (a ±$5,000 per contract move) within that same short span of time.

What happened?  We wrote about this topic in detail a few weeks ago.  Read More!

If you are a day trader, make sure to check your calendar for when these important reports will occur.  Not being prepared may result in severely consequential results for your trades and your account.

Check out the 10-second chart below showing today’s market movement.

Also tomorrow is Veteran’s Day.   While banks are closed, the futures markets will be open regular hours.

Plan your trade and trade your plan.
#ES, Mini S&P Chart

Mini S&P 10 Second 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

for 11-11-2022

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

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

Economic Reports, Source: 

Forexfactory.com

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

The Mid-Term Election & The Markets + Trading Levels 11.10.2022

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

“The Mid-Term Election & The Markets”

By Mark O’Brien, Senior Broker

To the extent that the futures markets are taking cues from the results of yesterday’s U.S. mid-term elections, the wait will continue. As had been widely believed, Election Day did not translate to Results Day. A number of key Senate races remain uncalled – including contests in Nevada and Arizona as well as in Georgia which will go to a runoff. The shape of the House also remains uncertain.

 

A few notable firsts:

  • Florida elected the youngest-ever House member: 25-year old Maxwell Alejandro Frost, making him the first Gen Z candidate to hold federal office.
  • Summer Lee will be the first Black woman elected to Congress from Pennsylvania.
  • Katie Britt will become Alabama’s first female U.S. Senator.
  • Sarah Huckabee Sanders became the first elected female governor of Arkansas

Looking beyond this, it looks like the heightened volatility in stocks and the majority of other futures sectors is here for the long run. You’re seeing big price swings due to factors like the war in Ukraine, elevated oil prices, residual supply chain issues, historically elevated grain & food prices and global central banks’ efforts to tame inflation, just to name some of the more influential forces. We’ll be apprised yet again of the inflation situation here in the U.S. with tomorrow’s 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). Due to the Veterans’ Day holiday this Friday, we’ll need to wait ‘til the following Tuesday for the corresponding Producer Price Index.

Metals notes:

Dec. Silver traded to 5-month highs yesterday trading a up to $21.72 intraday, off a ±$1.44 ($7,200) move up last Friday. Since then, Dec. gold has increased ±$90/ounce ($9,000) to above $1,700/ounce after posting 19-month lows on Nov. 3.

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

for 11-10-2022

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

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

Economic Reports, Source: 

Forexfactory.com

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

The Mid-Term Election: Do Markets like Uncertainty + Trading Levels 11.09.2022

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

“The Mid-Term Election: Do Markets like Uncertainty?”

By John Thorpe, Senior Broker

The simple answer is: No. Clearly, markets need certainty to thrive. Volatility heats up when monetary and fiscal policy uncertainty peak. A National election is an opportunity for the equity markets to react to potential outcomes before, during, and after the election. Behaving just as markets do prior to a FED rate announcement.  Market reactions have been historically varied during midterm elections. Currently, several outlets are reporting the least likely election outcome is for Democrats to retain control of the National Government levers. Conversely, the same outlets are calling for a divided government, and will most likely be the outcome of today’s voting. One party controls the House of Representatives and the other controls the Senate. An outcome other than this will roil the markets. A word of caution to not over extend/over-leverage as the results come in after the first polls close on the East coast. Reduce position size if you are trading and be vigilant.   “Survive to Trae Another Day”!

Plan your trade and trade your plan.

 

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

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

In this webinar you will learn and see live examples:

 

• Proprietary Price Counts Price Forecasting Tool

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

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

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

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

SPACE is LIMITED, so reserve your space now!

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

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

Futures Trading Levels

for 11-09-2022

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

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

Economic Reports, Source: 

Forexfactory.com

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

Election Day Ahead…. + Trading levels for 11.07.2022

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

Election day in the US tomorrow along with full moon!

First Notice ( FN) and Last trading (LT) for November below.

 

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

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

In this webinar you will learn and see live examples:

 

• Proprietary Price Counts Price Forecasting Tool

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

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

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

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

SPACE is LIMITED, so reserve your space now!

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

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

Futures Trading Levels

for 11-08-2022

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

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

Economic Reports, Source: 

Forexfactory.com

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

NFP Report Tomorrow + Trading Levels for 11.04.2022

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

NFP Tomorrow

The next big scheduled event: this Friday’s monthly Non-farm payrolls report from the U.S. Labor Department.

If you’re a futures trader and your markets of choice to trade include stock indexes (S&P 500NasdaqDow JonesRussell 2000, etc.), or treasuries (30-yr. T-bonds2-5-10-yr. T-notes), currencies, even metals and energies, you know the importance this report. It’s widely considered one of the most important and influential measures of the U.S. economy.

To convey its findings, 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 and domestic household employees and non-profit organization employees). The report also includes other detailed employment 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. The report is released at 7:30 A.M., Central Time.

Please BE AWARE on how this report affects liquidity, stops, volatility and more.

Please review the information HERE.

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

for 11-04-2022

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

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

Economic Reports, Source: 

Forexfactory.com

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

Options vs. Futures…+ Trading Levels for 11.03.2022

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

Options on Futures OR Outright Futures?

By John Thorpe, Senior Broker

Trading futures Options may be more suitable for your account’s well being when you are right about the direction of the asset, but incorrect about the timing of the move. Through options, you are literally buying time and value if they are in the money at expiration.

What is an option?

An option on a futures contract is the right, but not the obligation, to buy or sell the underlying futures contract at a predetermined price on or before a given date in the future.

Option Benefits

  • Options can be used like insurance policies to limit losses on a futures contract.
  • They can also be used for speculative purposes, whether you are selling options to receive premium income or using options to establish a position in a particular commodity, index or interest rate.
  • As hedging instruments, options can produce offsetting gains in the face of adverse price changes in the cash market.
  • Options permit you to efficiently deploy capital, in the form of option premium. In this case, you can participate in the price movements of the underlying asset, without having to buy the asset outright.

Below is a roughly 1 hour course produced by the CME titled:

“Introduction to Options”

Please click the link to access this Free course

  Introduction to Options

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

for 11-03-2022

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

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

Did you know?
Cannon offers over 10 TRADING PLATFORMS CLICK HERE for a demo
Cannon offers FOREX trading. Tight spreads. Free demo.


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 Trading Day Tips + Futures Trading Levels & Reports for 11.02.2022

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

Tomorrow we have FOMC.

The following are my PERSONAL suggestions 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 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 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.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!

 

 

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

Futures Trading Levels

for 11-02-2022

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

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

Did you know?
Cannon offers over 10 TRADING PLATFORMS CLICK HERE for a demo
Cannon offers FOREX trading. Tight spreads. Free demo.


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.

Random Thoughts Going Through a Trader’s Mind…. + Trading Levels 11.01.2022

Today I wanted to share a few tidbits/ pointers that were going through my mind as the trading day progressed:

  1. Learn to forgive yourself….stop beating yourself up for mistakes and “could have, should have, would have”….it will only create frustration and frustration = erratic trading.
  2. Trading is not a perfect science, at times you can do everything right and still lose.
  3. Learn to relax, physically and mentally while trading. I think a relaxed trader is 2 s better than a stressed trader.
  4. It’s ok to reduce trading size if it helps making you a more relaxed trader.
  5. The sooner in the day you recognize what type of trading day is unfolding, better chances you will have to use the appropriate strategies. Example, trending days require different trading methods than choppy days. Take a look at today’s trading session versus Friday for example.
  6. If you are a short term trader, learn to look at range bar and volume charts RATHER than only TIME charts. Range bars and volume charts will do 2 things to help you in my opinion: when the market moves fast, you will get your clues faster ( think about how many big moves you have seen/ missed waiting for a 15 minutes bar to complete….) and when the market moves slow, you will not just get a “signal” simply because 15 minutes bar closed and study outputs have changes. More on that in this video.

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

Futures Trading Levels

for 11-01-2022


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.

iSystems – Let the ALGOs do the heavy lifting + Trading Levels 10.28.2022

iSystems is a trading platform that allows you the investor/trader to browse and view performance from over 1000 professionally designed systems.

You can browse statistics, performance, logic and much more.

A series 3 professional broker is here to assist you if you would like to evaluate any specific systems and even better how to create a diversified portfolio based on your risk profile and capital.

The capital requirements for each ALGO range from just $1300.00 to $25,000.00 You can choose between day trading ALGOs and swing trading ALGOs.

Here are some systems for your review ( click on each one below to see LIVE trading performance, backtesting and more!)!

Joseja 2 mini nasdaq 

 

DT Rider M1C ES v2 

 

Samurai Copper 

 

Iron S&P I 707 

 

Browse our iSystems menu here

Please read FULL DISCLAIMER HERE

 

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

Futures Trading Levels

for 10-28-2022


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.

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

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

Pay Attention to the Road Signs…..

by Mark O’Brien, Senior Broker

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

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

Micro NQ 10 seconds Chart

 

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

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

In this webinar you will learn and see live examples:

 

• Proprietary Price Counts Price Forecasting Tool

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

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

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

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

SPACE is LIMITED, so reserve your space now!

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

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

Futures Trading Levels

for 10-27-2022

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

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


Economic Reports, Source: 

Forexfactory.com

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

QT Market Center – Price Counts Forecasting Webinar + Trading Levels 10.26.2022

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

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

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

In this session, we’ll take a look at QT Market Center, a leading trading platform used by hedgers and professional traders world wide.

Mark Bucaro, an ex floor trader will share some of the features and tools QT offers and how you can possibly use it to help your trading.

In this webinar you will learn and see live examples:

 

• Proprietary Price Counts Price Forecasting Tool

• Realtime Agricultural/Livestock/Ethanol-Energy News, Weather, Audio Charts, & Quotes and more all from one platform – Desktop, Tablet, Smartphone Accessible

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

• Profitability Cost Calculator – Input your costs and get your profitability results in seconds

• Web based Platform Access, Desktop (Smartphone & Tablet Access included Free) from virtually anywhere there is an internet connection

• Cost Effective, Reliable and Fast

• Reduced Live and Snapshot Quotes Fee Cost Options Available

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

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

SPACE is LIMITED, so reserve your space now!

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

Risk: 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

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

Futures Trading Levels

for 10-26-2022

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

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


Economic Reports, Source: 

Forexfactory.com

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

Trader’s Checklist + Trading levels for 10.21.2022

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

Trader’s Checklist

By AlgoReturns

 

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

Futures Trading Levels

for 10-21-2022

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

Futures & Commodities Trading Levels for Oct. 21st 2022


Economic Reports, Source: 

Forexfactory.com

Commodity reports for tomorrow

Commodity reports for tomorrow

 

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.

Trader’s Checklist + Trading levels for 10.19.2022

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

Trader’s Checklist

By AlgoReturns

The video below was put together by our friends at AlgoReturn.com

It is our opinion that the video offers excellent insight into trading to both beginners and experienced traders.

 

it is the first in a series of 4 videos that are put together with the goal of helping to educate traders and assist traders in expanding their “trading arsenal”.

AlgoReturns also offers a trading system which can be traded as an LOD ( letter of direction) or traded by the individual trader on her own.

FREE TRIAL to the signals generated by AlgoReturns is available here.

 

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

for 10-19-2022

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

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

 

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.

Is Trading futures better than trading CFD’s and Forex?+ Trading levels for October 18, 2022

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

Is Trading futures better than trading CFD’s and Forex?

By John Thorpe, Senior Broker

Some may think this statement to be controversial.  Of course other viewpoints are always welcome and it would be fantastic to have an open discussion about the Similarities/Differences among the trading vehicles.  I can only hope that any traders out there that currently have active accounts with CFD’s or Forex give us a call and increase your opportunities for Success in trading.

The purpose of being a retail trader is to make money, Not because trading is cool, Not because trading is easy (fast money) but because you want to be profitable.  Trading is a business endeavor.  As with any business you want a level playing field.   Briefly,  I’ll bet you dollars to donuts your Forex account is not part of a trillion dollar market.

What your forex account is part of is a slick marketing machine, that offers every trader, trading “Their Market” the same trading platform. A platform developed by the same engineering team that created their own market place.  FX companies tout they are the most liquid markets in the world. When you have an account with an FX company , do they have a trillion dollars in Liquidity?  Laughable.  truth be told, you are trading against the house. Specifically the FX company’s algorithms and market makers.  , what are your chances for success now?  are third party platforms with different tools allowed with your FX trading account?    in order to have an edge, you want to trade against other retail traders, not the house. FX accounts do not allow you to do this.

To have a successful trading business you have to begin with the playing field that is the most level and I believe that is futures .  As traders we need to know:   How orders are being filled. What orders are being placed above and below. What volumes are going through at each price level and simply, how narrow is the Bid/Ask Spread   all of these are available to the futures trader.

it’s real time with no delay’s.   with Forex we often don’t see those or ,if we see price it may be delayed without us know that it is.    If you are trading Forex, the company can see your orders,   in the futures market, your orders are anonymous..    There is no free lunch.  If you are truly looking for an edge; better tools, better markets  you have to pay for quality, you can achieve your just rewards , with hard work, in a level playing field Choose Futures:   Next week ?  CFD’s vs Futures.

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

for 10-18-2022

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

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

 

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 You Need to Know Before Trading on 10.13.2022 + Futures Trading Levels

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

WYNTK For Trade Date of Oct. 13th 2022

By Mark O’Brien, Senior Broker

Financials: The Federal Reserve released the minutes of its September meeting and they signaled that the central bank is locked and loaded to continue with more interest rate hikes heading to year’s end. They remained focused on maintaining their restrictive policy steps in their efforts to quell the inflation still stubbornly intertwined in the U.S. economy. The committee acknowledged that inflation had shown “little sign so far of abating,” and that they “needed to move to, and then maintain, a more restrictive policy stance in order to meet the Committee’s legislative mandate to promote maximum employment and price stability.”

On the economic reports schedule for tomorrow: the Bureau of Labor Statistics’ Consumer Price Index Report, which measures the prices paid by consumers for a basket of consumer goods and services.

Softs / Orange Juice: The path of destruction left in Hurricane Ian’s wake didn’t spare Florida’s 6.7 billion dollar citrus industry which reported today that it will see the smallest orange crop in nearly 80 years. The front-month November futures contract traded above $2.00 per pound intraday last Mon. – nearly 50% higher than year-ago prices and stayed near these elevated life-of-contract highs right up into today’s report.

 

Softs / Cotton: Moving in the opposite direction, Dec. cotton futures recently posted 5-month lows near 82 cents per pound, well off their $1.32/lb. highs of mid-May – a ±$25,000 move for the futures contract. Today’s World Supply & Demand report cited rising U.S. stockpiles and forecast waning global demand to further spur the price decline.

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

for 10-13-2022

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

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

 

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.

In House Trading Indicators Free Trial + Futures Trading Levels 10.12.2022

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

Try our in-house created family of technical studies

  • Identify BUY and SELL signals
  • Plug into your own charts
  • Select your own market and timeframe

Free 3-week trial includes video tutorial and 23-page PDF e-book, explaining the studies’ approach and how to apply them to your trading.

Approach focuses on counter-trend and trend following price action and trade management.

Examples from Friday’s session using the E-mini SP500 chart below for your review. This is a 10,000 volume chart right before and after the NFP report.

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

 

Emini S&P 10,000 Volume Bar Chart

#ES #EminiFutures

The above chart is an example of mostly “good signals”. Like any other concept, this model has “failed signals” as well and it is always MUCH easier to explain and review any method looking back after the fact then when one is trading live money in real time. Please read disclaimer below as it is VERY appropriate.

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

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

 

Leading Trading Platform for Hedgers, Farmers and Global Traders:

  • Custom and Preset Quote Pages
  • Charts
  • Options
  • QT News
  • Weather
  • QT Audio
  • Messaging
  • Bids
  • Electronic Buy/Sell Grain System
  • Order Entry Abilities
  • RTD Live-link to Excel
  • Producer Profitability Calculator

FREE TRIAL

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

Futures Trading Levels

for 10-12-2022

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

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

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.

WYNTK for Oct. 11th + Futures Trading Levels 10.11.2022

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

WYNTK for October 11th…

Market Volatility to remain this week. Please mark these times in your trading calendar. I always begin the week with a review of the scheduled economic data releases. This week, the fuel for volatility will be provided by what I consider to be 4 of the top five most impactful, market moving reports highlighting inflationary trends. First, on Wednesday at 7:30 am CDT PPI Final Demand consensus from Econoday.com is :

Producer prices have been cooling, edging 0.1 percent lower at the

headline level in August and rising only 0.2 percent when excluding food

and energy. September’s expectations are up 0.2 percent overall and up

0.3 percent for the core.

FOMC minutes of the most recent Fed Meeting will be released on Wednesday at 1:00PM CDT

This is the big one CPI Thursday 7:30 am CDT consensus from Econoday.com :

Core prices surged 0.6 percent in August with noticeable slowing to 0.4

percent expected for September. Overall prices are expected to rise 0.2

percent after August’s 0.1 percent gain. Annual rates are seen at 8.1

percent overall and 6.5 percent which would compare with 8.3 and 6.3

percent in August.

And finally, released at the same time, Jobless Claims Jobless claims for the October 8 week are expected to come in at 225,000 versus 219,000 in the prior week.

Be careful out there and please reduce position size during periods of likely , higher volatility . As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

Leading Trading Platform for Hedgers, Farmers and Global Traders:

  • Custom and Preset Quote Pages
  • Charts
  • Options
  • QT News
  • Weather
  • QT Audio
  • Messaging
  • Bids
  • Electronic Buy/Sell Grain System
  • Order Entry Abilities
  • RTD Live-link to Excel
  • Producer Profitability Calculator

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

Futures Trading Levels

for 10-11-2022

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

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

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.

WYNTK before trading tomorrow, Oct. 6th Futures Trading Levels, Reports & More!

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

Bullet Points: Highlights and Announcements

With global recession risks rising, economic reports have become increasingly important and scrutinized and given the importance of the U.S. economy to the rest of the world’s, our U.S. economic reports provide an important perspective. On par with them are the ongoing uncertainty regarding Russia and related energy supply issues in Europe as well as the prevailing COVID-19 containment measures in mainland China.

The next big scheduled event: this Friday’s monthly Non-farm payrolls report from the U.S. Labor Department.

If you’re a futures trader and your markets of choice to trade include stock indexes (S&P 500NasdaqDow JonesRussell 2000, etc.), or treasuries (30-yr. T-bonds2-5-10-yr. T-notes), currencies, even metals and energies, you know the importance this report. It’s widely considered one of the most important and influential measures of the U.S. economy. To convey its findings, 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 and domestic household employees and non-profit organization employees). The report also includes other detailed employment 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. The report is released at 7:30 A.M., Central Time. Economists polled expect non-farm payroll growth to slow from a 315K gain in August to 250K in September.

Although it has proved to be a fairly unreliable precursor, this morning, the private payroll services firm ADP reported companies added 208,000 jobs for the month of September, slightly above the 200,000 economists polled by Dow Jones estimated.

Leading Trading Platform for Hedgers, Farmers and Global Traders:

  • Custom and Preset Quote Pages
  • Charts
  • Options
  • QT News
  • Weather
  • QT Audio
  • Messaging
  • Bids
  • Electronic Buy/Sell Grain System
  • Order Entry Abilities
  • RTD Live-link to Excel
  • Producer Profitability Calculator

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

Futures Trading Levels

for 10-06-2022

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.

First Notice Days!! Oct. 5th Futures Trading Levels 10.05.2022

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

Full day of reports tomorrow along with OPEC meeting, please refer to economic reports section below.

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

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

Leading Trading Platform for Hedgers, Farmers and Global Traders:

  • Custom and Preset Quote Pages
  • Charts
  • Options
  • QT News
  • Weather
  • QT Audio
  • Messaging
  • Bids
  • Electronic Buy/Sell Grain System
  • Order Entry Abilities
  • RTD Live-link to Excel
  • Producer Profitability Calculator

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

Futures Trading Levels

for 10-05-2022

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

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

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.

Help Yourself Achieve Better Chances!! October 4th 2022 Futures Trading Levels

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

Supplementing your current strategy with a holistic, measured approach for better trading results (hopefully!)

By John Thorpe, Senior Broker

When I trade I want to be mindful of the leverage I am employing..

Just because the apple is hanging low and enticing you to grab it and take a bite doesn’t mean you do it, even if you are hungry. My most successful trades have been those trades where I avoided that temptation.

What I speak of is the temptation to over lever the account I am trading.

I take this approach because I want to last a long time engaged with this game, this industry, with these omnipresent trading opportunities.

But which ones? All of the markets move; some faster than others.

..  As an office colleague, repeats, “ there are services that are much smarter than I am” and so I use a number of services from which to get my trading ideas.

I like to trade positions where I am in the market over a period of Time. And when I diversify my portfolio to include different contracts in unrelated markets, my chances for success are even greater than if I am solely fishing from the same pond or eating from the same apple tree.

When I trade intra commodity and inter commodity spreads in my portfolio, this gives the account an even greater opportunity for what I call “Net Liquidating Value stability”.

Spreads attempt to take advantage of price relationships between either two different time periods (Intra commodity spread) or different seasonal tendencies between unrelated but similar industry group products (inter commodity spreads, eg, Heating Oil and WTI Crude Oil or Corn and Wheat. Often times the Leverage is much less than the outright margin the exchange charges for a single leg of a spread. For instance: If I believe corn will rally in the next two months I may buy the front month contract and sell the deferred contract fully anticipating the price to go higher , faster on the long leg than the short leg. Because these contracts are of the identical deliverable grade but have different delivery dates ( current vs future) and I am long one and short the other, I can expect, over time, that these will both move in the same direction, either up or down.

As a result , the initial margin deposit is simply 450.00 for the spread vs. 2750.00 for the outright.

 

Fast price movements = Fast (evaporating ) opportunities and we are mostly, as humans, too slow to capture these potential windfalls, Fast money=Fast losses, I see it over and over again.

It is MY OPINION:   By using a structure , a service and becoming familiar with the service ( trusting, not Blindly) and utilizing no more than 25-40% of your available capital AND diversifying your holdings, you can have long term success trading futures.

I hope you will want to learn more in the future and utilize a few of the services I like to supplement your current strategies. START HERE

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

Leading Trading Platform for Hedgers, Farmers and Global Traders:

  • Custom and Preset Quote Pages
  • Charts
  • Options
  • QT News
  • Weather
  • QT Audio
  • Messaging
  • Bids
  • Electronic Buy/Sell Grain System
  • Order Entry Abilities
  • RTD Live-link to Excel
  • Producer Profitability Calculator

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

Futures Trading Levels

for 10-04-2022

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

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

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.

Trader’s Check List! Futures Trading Levels for 9.30.2022

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

Tomorrow is the last trading day for September. Last and first trading days of the months can at times be more volatile and at times have a chance to become a trending day.

 

Trader’s Check List:

·        Review prior day statement

·        Check for any working orders on your platforms.

·        Be aware of contract rollover dates

·        Set a daily loss limit and learn NOT to overtrade

·        Understand what reports are coming out today

·        Make sure you are not distracted

·        Calculate appropriate trading size based on current volatility and account size

·        Start with Larger Time Frame charts to get proper perspective

·        Understand what your goal is

·        Measure your success or lack of

·        Spend time furthering your trading education and exploring different methods

·        Put trading in perspective and make sure the overall psychology of trading fits you.

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

for 09-30-2022

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

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.

Some Days are Just Losing Days!! Sept. 28th Futures Trading Levels 9.28.2022

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

Some days are just losing days!!

 

Don’t fight it. You will have losing days. I have been in the futures industry for 22 years now and never have I met a trader who did not have a losing day…and I will never meet one….impossible.

 

Understand it and accept it. One of your hardest jobs as a day trader is to make sure a losing day does NOT become a disaster…Our human emotions and our brain is not programmed very well to learn how to lose. Yet one of the key differences between traders and those who try to become “traders”…is that traders first learn how to lose. They understand losing is part of trading. The others, refuse to take a losing day and will make many mistakes along the way to make a “normal losing” day into a disaster. That may be carrying positions overnight when they normally don’t, reversing, pyramiding and many other mistakes that they would normally not make. That turns a “normal losing day” (maybe for an account of $10,000, a normal losing day would be down $700?) into one of those days where they wipe out half of their account, if not more.

 

Have realistic expectations. Under the statistics of your own trading. Keep notes.

 

Sometimes we need to learn how to lose before we can excel in trading.

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

09-28-2022

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

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

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.

WYNTK before trading tomorrow, Sept. 27th Futures Trading Levels, Reports & More!

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

WYNTK for the Week of September 26th…

Tuesday is going to be an extremely busy day for FED Speak! and early too! The EARLY Kickoff begins at 3:30 am ET and again at 6:15 am ET for Chicago Fed Chair Charles Evans. To be followed by Jerome Powell Fed Chair at 7;30 am ET BEFORE MARKET OPEN. James Bullard will also be presenting @ 9:55 am ET. We can throw into the mix a few economic data releases as well. Durable goods orders will be released at 8;30 am ET some housing data at 9am and consumer confidence , new home sales at 10amET., Money supply released at 1PM ET this should all make for a volatile Tuesday session, please adjust your trading size accordingly.. On Wednesday the 28th we have more speeches from Fed members Bostic, Bullard, Powell and Bowman 8:35 am ET, 10:10 am ET, 10:15am ET and 11am ET respectively. Advance international trade in goods will be released @ 8:30am ET, these should all keep the energy in the markets moving. Thursday the 29th we get the all important GDP, the third iteration of the 2nd quarter number with a consensus range of -7%- -5% quarter over quarter annual rate, a deviation from this consensus may be enough to shock market direction in a very short period of time.. then jobless claims should also effect the market direction, Both will be issued at 8:30 am ET . and Finally, for Friday, the equity markets will need to unwind a bit before the weekend, but first it will need to digest Personal Income and Outlays; this report is released at 8:30 am ET with 2 more fed speakers ,Barkin and Brainard at 8:30 am and 9:30 am Respectively. Make it a solid week and remember to plan your trade and trade your plan!

 

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

09-27-2022

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

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

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.

WYNTK Before Trading Tomorrow, Sept. 22nd 2022 Futures Trading Levels

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

Bullet Points: Hot off the FOMC Meeting

By Mark O’Brien, Senior Broker

Financials: for the third time in as many Federal Open Market Committee meetings, the twelve voting members unanimously approved a 0.75% rate increase for the benchmark federal funds rate – the overnight rate on lending between banks. With this the fifth consecutive rate increase from near 0% in March and the steepest rise since the 1980’s, not since 2008 has the fed. funds rate been set to this level. With two more FOMC meetings scheduled for the remainder of the year, the full 19-member committee signaled fed. funds are projected to continue their upward trajectory with 4.25% to 4.50% the expected target by year’s end.

The Federal Reserve also announced a program of reducing stimulus by shrinking its $8.8 trillion asset portfolio through attrition. As debt securities mature – to the tune of ±$95 billion a month – the Fed reduces its holdings by up to $95 billion a month.

Of course, all this is the Federal Reserve’s effort to quell inflation, the annual forecast of which officials revised up for the third time to 4.5% (core rate). “Inflation is running too hot. You don’t need to know much more than that,” said FOMC chairman Jerome Powell in his post-announcement news conference.

 

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

09-22-2022

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

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

Improve Your Trading Skills

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


Economic Reports, Source: 

Forexfactory.com

 

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

Futures Trading Insight + Trading Levels 9.20.2022

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

December is now front month for MOST markets out there…

December ES, December euro, December gold, December Tbonds and more.

Crude oil front month is now November.

 

 

Are you trading using order flow? volume profile? heat map? Try Volumetrica powerful tools.

 

 

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

 

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

09-20-2022

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

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

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 Tomorrow + Future Trading Levels 9.16.2022

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

Quadruple witching tomorrow….

 

Futures, futures options, stock options and single stocks all expire tomorrow morning right on the open of the stock market.

 

Keep in mind that September mini SP and it’s relatives ( mini Dow, mini Nasdaq etc.) EXPIRE tomorrow and cash settle based on special settlement price….Markets can get volatile tomorrow morning right before and around the open.

 

The September contract will simply cease to trade. If you have not switched to December yet, now is the time…..

 

Also start trading December currencies!

 

Would you like to trade futures using MT5? if so, reply back to this email!

 

 

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

 

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

09-16-2022

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

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

 

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.

Anticipated PPI Report Tomorrow + Future Trading Levels 9.14.2022

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CPI report lived up to the hype!  MAJOR volatility in speed and magnitude of the move!

The Mini SP 500, one of the most liquid markets in the world, sold off over 100 points in less than 1 minute!!

Traders “pulling out the bids” ahead of the report as well as the fast move caused many stop orders to get rejected!!

How can that be?

When impactful economic reports are released, we expect large , violent price swings. which may leave your open positions unprotected , even with stop orders. What creates the volatility? people cancel their bids and offers making for large orders, that would easily be absorbed by the market during normal conditions moving the market precipitously in either direction. As a result, the exchange wants a “balanced order book and created a Price band within which reasonable orders will be maintained, but if the market moves outside the band within seconds those orders are cancelled and not longer working, just like a stop with a limit would function.

We will expand on this topic in depth on tomorrows blog.

PPI tomorrow….Today was one of the highest volume days in recent month for stock index futures.

Below a 10 second chart of the ES from today! Click image to enlarge. A move of almost $6,000 in 45 seconds!

Stock Index futures are entering the “rollover period”.

December is now the front month/ higher volume.

September will expire this coming Friday at 8:30 Am Central time.

E-Mini S&P 500 Daily 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

09-14-2022

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

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

 

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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.

WYNTK before Trading Tomorrow, Sept. 13th 2022 Trading Levels

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Stock Index futures are entering the “rollover period”.

Somewhat of a choppy intraday price action.

December is now the front month/ higher volume.

September will expire this coming Friday at 8:30 Am Central time.

Tomorrow we have an anticipated CPI report ahead of next week’s FOMC. Below is a good informative piece by my colleague, John Thorpe:

Has the Stock Market bottomed?

In the Yardeni Bull/Bear index, the last temperature taken on Sep. 7th, there were .53.3 % bearish vs only .18% bullish sentiment for the Stock market. With the August Consumer Price Index Release 7:30 am Central time, the Peak inflation game speculation may be nearly done.

What I mean by that is we will have established a turn in the voracity of “the Summer of Inflation” IF the year over year change is less than last month’s 8.5 %, the consensus is a reading between 7.9-8.3 % ( whenever i talk about consensus right before a report you can damn well know that is already discounted by the market) The commonly quoted inflation rate is actually the change in the CPI from the year earlier or Yr/yr. see lower number. Now think of the number being released with three potential outcomes relative to the consensus. Higher than, the same as or less than expectations. If the market has been rallying because of the consensus, and we believe we can make an argument this is true, then the markets reaction to a Higher CPI number will provide a backdrop for a sharp sell off in equities. If the CPI number is a lower number than consensus, I could make a strong case for the market to rally and hold it. And finally, if the CPI numbers are in line with expectations, the sellers will be more aggressive as the previous weeks ralies will have been overdone in anticipation of lower CPI numbers and expect the market to sell off as it waits for more data. CPI is currently an important indicator for market direction as the FED uses some of this data to drive it’s rate decision making process.. I included the Yardeni Bull/Bear ration to give you a sense that even with the rally in the stocks these past few weeks, many institutions are Bearish yet still, and may be close to a capitulation point if the CPI Data is extremely positive tomorrow. (CPI % lower than consensus. 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

09-13-2022

 

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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.

WYNTK before trading tomorrow, Sept. 9th Futures Trading Levels

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Stock Index futures are entering the “rollover period”.

Used to be that the Thursday before was the “official rollover day” but last few years more and more traders simply follow the volume and it seems that the volume will go to the next month, in this case December around Monday coming up. We will keep you posted.

For now September has more volume and we will keep posting September levels.

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

09-09-2022

Futures Support & Resistance Trading Levels 9.08.2022

 

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Economic Reports, Source: 

Forexfactory.com

Forex Factory Reports 9.09.2022

 

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.

WYNTK before trading tomorrow, Sept. 7th Futures Trading Levels

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Short trading week ahead as we come back after Labor Day long weekend.

Keep in mind that crude oil inventories will come out Thursday instead of the regular Wednesday release.

Natural gas continues to be volatile dropping over 8.5% today!! almost $7600 per ONE contract.

British pound held nicely compare to the other currencies as UK welcomed a new Prime Minister.

Stock index futures experienced VERY choppy action on higher than avg. volume today, the day after a long weekend.

Daily chart of the mini SP 500 ( ESU22) for your review below, notice market is hanging right above FIB support level:

Mini S&P Daily 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

09-07-2022

 

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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.

WYNTK before trading tomorrow, Sept. 2nd Futures Trading Levels

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Bullet Points: Highlights and Announcements

By Mark O’Brien Senior Broker

Financials: Given Federal Reserve Board Chairman Jerome Powell’s statements at last week’s Economic Policy Symposium in Jackson Hole, where he reiterated the Fed.’s commitment to halting inflation and that “some pain” will come to the U.S. economy as a result, U.S. and other global stock markets, while lower this week, have been measured and arguably not anxiety-filled. At least for the time being, traders seem to have factored in continued interest rate hikes by our central bank and other countries’ and slower, possibly even recessionary conditions. That was read into Wednesday’s ADP private payrolls report that showed a deceleration in jobs creation (132,000 in August).

Next up: the closely watched Non-farm payrolls report this Friday, widely considered to be one of the most important measures of the U.S. economy.  A survey of economists forecast an increase of 318,000 new jobs (median estimate).

Metals: Dec. gold traded through $1,700/oz this morning, marking its longest monthly losing streak in four years, and Dec. silver tumbled to $17.40 intraday – a more than two-year low – as traders expect rising interest rates will persist making Treasury bonds and the U.S. dollar more attractive.

Lumber: Rising interest rates and a strong U.S. dollar have weighed on other commodity prices. Basis the Nov. futures contract, lumber prices have been slashed by more than half since their early-Feb. highs of ±$1,000/board foot, trading to $460/board foot intraday today – to its life-of-contract low. Credit weak demand as well, with a cooling housing market and falling new home construction.

Energy: Crude oil (Dec.) continued it’s steep sell-off this week – losing ±$10/barrel over the last three days – returning to near its mid-August/5-month lows near $86.00/barrel. The market seems dogged by softening demand with several major cities in China seeing new Covid restrictions, including the total lockdown of Chengdu with ±20 million people.

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

09-02-2022

Futures Commodities Trading Levels for September 02 2022

 

 

 

 

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Economic Reports, Source: 

Forexfactory.com

Commodity reports for 09.02.2022

 

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 for September & Reports for 09.01.2022

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

 

* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.

CME GLOBEX Labor Day Trading Schedule

CME GLOBEX Labor Day Trading Schedule
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

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

09-01-2022

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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.

Labor Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

Labor Day 2022 Holiday Schedule for CME / Globex and 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® Labor Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

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

ICE Futures Labor Day 2022 Holiday Schedule for CME / Globex and ICE Exchange

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.

Adjust your Trading to Volatility & Futures Trading Levels 8.31.2022

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December is now the front month for bonds, ten years, Silver, Copper, most grains, metals and softs.

ASP unemployment early in the session and later Crude oil inventories.

Also tomorrow is the last trading day of the month.

 Last Friday Powell 8 minute speech injected volatility back into the markets.

Few pointers below, hope it helps.

 

*While I have no idea were the market is going from day to day, minute to minute, week to week etc. I do know that in the past, some of the sharpest and largest rallies were short covering after a large sell off. More often than not market sell offs and volatility like we are seeing do not end up as V type of action but more like U or W when it is all said and done.

 

*Expect the unexpected…

 

* Have an idea of what you are looking to do, keep in mind possible risk and have a game plan. Now more than ever, plan your trade and than trade your plan!

 

* Think money management, hedging risk while you are still trying to figure out how to profit.

 

* Know what is going on, reports, current margins, current limits and more.

 

·    Consider short term options instead of futures and/or MICROS

 

*Trade smaller. The bands are much larger. Watch the VIX.

 

* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.

 

 

My colleague, John Thorpe, Ex floor broker, contributed the following on the VIX and the VVIX:

 

We recommend all stock indices intraday traders to keep an eye on the VIX for directional clues and study, many of you have access through other means to view this critical trading barometer, VIX now trades 5 days per week ,23 hours per day. if you need to add the VIX data to your trading platforms , it’s 3 bucks per month, penny wise and pound foolish if you don’t. Contact your broker on how to add the Volatility Index traded through the CBOE to your trading platform

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

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

08-31-2022

Futures Support Resistance Levels 8.31.2022

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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.

Customize your DOM + Futures Trading Levels for 08.26.20

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A Video on How to Customize your Multiple DOMS

Some traders are more visual than others.

Regardless of your style of trade, I feel that organizing the DOMs in the way shown in the video can help anyone who trades more than one market at a time.

WATCH VIDEO

If you like this platform, try it in REAL TIME, free demo mode!

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

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

08-26-2022

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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.

WYNTK before trading tomorrow, August 25th Futures Trading Levels

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Bullet Points: Highlights and Announcements

By Mark O’Brien Senior Broker

Energy: September Natural gas touched $10.028 per million British thermal units intraday yesterday, a 14-yr. high. It closed at $9.193 – a ± $9,000 per contract correction off its highs, yet still more than twice the price a year ago.

Financials: If you turn to any financial news source, you’d think the only thing traders are thinking about this week is the Federal Reserve Bank of Kansas City’s annual Economic Policy Symposium. This is a 3-day gathering of about 120 economists and policy makers from government agencies and academia – including many central bankers – from around the world. It all takes place in Jackson Hole, Wyoming starting tomorrow.

Why is it important? The symposium kicks off with a speech given by the Chairman of the U.S. Federal Reserve, currently Jerome Powell. While not an FOMC meeting where central bank policy is communicated and interest rates are set, the speech has become an opportunity to define the Fed’s. comprehensive policy approach on a global stage to a far-reaching audience. Thus, it has become highly anticipated – arguably more so than past symposium speeches given the current historic rise in inflation globally, and particularly in the U.S. and Europe. Probably the overarching question traders are listening for Chair Powell to answer (he almost certainly will not come right out and say it) is whether the Fed will raise rates by 50 or 75 basis points when Federal Reserve members meet in September to consider monetary policy.

Ten Year Notes Daily Chart below ( click image for larger chart):

Ten year notes downside pressure. Close below 117.070 on an hourly basis cam trigger 116.060 pretty quick. My speculation.

10 year US Treasury Notes Daily Chart
Sierra Charts Teton Order Routing demo

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

08-25-2022

Support Resistance Levels 8.25.2022

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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.

Lowest Day Trading Margins? Think Twice! + Futures Trading Levels 8.24.2022

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Asking for the lowest day trading margins may not always be the best idea when it comes to trading futures…..

 

Watch this short video for some insight by our VP, Ilan Levy-Mayer

 

Please contact our professional staff for more details.

Sierra Charts Teton Order Routing demo

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

08-24-2022

Futures Trading Support Resistance Levels 8.24.2022

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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.

All Roads Lead to Jackson Hole + Futures Trading Levels 8.23.2022

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All Roads Lead to Jackson Hole…

By John Thorpe, Senior Broker

Most of the August 22 week economic data will probably take a backseat to anticipation of Jerome Powell’s speech about “The Economic Outlook” on Friday at 10:00 ET at the Jackson Hole Symposium.

In the past, the Fed Chair has used this opportunity to signal the direction of monetary policy or policy framework updates or offering insight into the Fed’s balance sheet impending adjustments. What is expected are comments related to Policymakers continuing to move to a restrictive stance on interest rates (additional tightening) until they are sure that inflation is on a trajectory of the 2 % inflation target rate.

Chairman Powell will probably also note that Fed’s balance sheet reductions will pick up the pace in September providing less stimulus. Chairman Powell will probably be able to speak to some improvements in Demand as well as some relief in the supply chain issues.

Even though we have a number of economic numbers the Fed’s Open market committee will be digesting this week for policy change announcements for the next meeting in September, I will expect Chairman Powell will include the caveat that the FOMC is data dependent and there’s plenty of data between now and then. As we look forward to this open Microphone meeting on the 26th, we have plenty of Data for the market to digest as well between now and then,  Tuesday PMI Composite and New Home Sales, Wednesday Durable Goods and pending home sales, Thursday GDP (second estimate of Q2 GDP) and Jobless claims Plan your trade and trade your plan!!

 

Please contact our professional staff for more details.

 

Sierra Charts Teton Order Routing demo

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

08-23-2022

Futures Support Resistance Levels 8.23.2022

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 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.

WYNTK before trading tomorrow, Aug 19th 2022 Futures Trading Levels

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Very light day tomorrow when it comes to economic reports.

We use to call it cheddar Cheese Friday as the cheese report was the only one out on certain Fridays….

Volume is stock indices has been lighter these past few days and I have seen more range bound trading in the Mini ES than normal. Summer trading.

One can never tell when volatility decides to visit…..

Sierra Charts Teton Order Routing demo

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

08-19-2022

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 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.

WYNTK before trading tomorrow, Aug 18 2022 Futures Trading Levels

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Bullet Points: Highlights and Announcements

By Mark O’Brien Senior Broker
Financials: On Monday, the People’s Bank of China cut two key interest rates by ten basis points and pumped the equivalent of ±$60 billion into the financial system to rev up lending and prod wider economic growth. A number of economists viewed the unexpected move as a small opening move toward future support by China’s central bank for the country’s economy, and may foreshadow deeper cuts to borrowing costs down the line. The rate cuts came on the heels of data released Monday showing economic activity slowed across the board in July, including factory output, investment, consumer spending, youth hiring and real estate.
Today the U.S. Federal Reserve released its minutes of their prior meeting showing the board was unanimous in the central bank’s last rate decision – a second 75-point increase in as many meetings – and in their outlook that further rate increases were needed, but were sensitive to the risk of going too far. “Participants judged that, as the stance of monetary policy tightened further, it likely would become appropriate at some point to slow the pace of policy rate increases while assessing the effects of cumulative policy adjustments on economic activity and inflation,” the minutes said.
Energy (Crude oil): After trading to 6-month lows Tuesday, September WTI crude oil advanced ±$1.20/barrel to ±$87.75 after the EIA’s weekly supply report showed a steeper-than-expected draw down in U.S. crude stocks.
(Natural gas): Today, September Natural gas traded to new intra-day high of 9.677 – also a new life-of-contract high as analysts warned European natural gas prices could rise an additional 60% this winter.
Softs (Cotton): on Friday the USDA supply/demand report dramatically lowered estimates for the U.S. cotton crop and slashed the 2022/23 projected ending stocks to their lowest level on record – primarily due to the extended drought in Texas. Since the mid-July lows near 83 1/2 cents/pound, Dec. cotton advanced to near $1.20 / pound yesterday, a ±$18,000 move.
Livestock (Cattle): Today, Dec. live cattle traded to within .40/lb. of its contract high close of $152.07/lb. on April 21. The cattle market remains in a steady 2 1/2-month uptrend as traders see tightening supply over the next three quarters.
Sierra Charts Teton Order Routing demo

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

08-18-2022

Support + Resistance Levels 8.18.2022

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 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, Crude Oil Inventories + Futures Trading Levels 8.17.2022

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Busy Wednesday tomorrow as traders will listen closely and try to analyze the FOMC minutes of the last FOMC meeting. Before that retail sales numbers will be watched closely as well.
9:30 AM Central time we will have crude oil numbers in a volatile energy sector.
Did you know that the MICRO crude Oil contract is trading with good volume?
At times when volatility is high, it is not a bad idea to consider the smaller, 1/10th the size micro CRUDE Oil contract.
December Coffee is front month.
Sierra Charts Teton Order Routing demo

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

08-17-2022

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.

Quick Videos on Trading Techniques + Futures Trading Levels 8.16.2022

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Trading Videos

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

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

08-16-2022

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.

8 Steps to Better Your Trading + Futures Trading Levels 8.12.2022

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8 Steps to Improve your Trading

My name is Ilan Levy-Mayer and I am the Vice President and Senior Futures Broker at Cannon Trading. I came up with the following personal observations after serving online traders worldwide for more than 22 years.
The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each futures trader is different and will relate to these stages in their own ways. While attempting to learn and progress, one must keep in mind that futures trading strategies are risky and can involve significant losses.
1. Education
Hopefully if you are already trading you have completed your initial education: contract specs, trading hours, futures brokers, platforms, the opportunities as well as the risk and need to use risk capital in futures, and so on. Understanding this information is essential to good futures trading strategies. The second type of education is ongoing: learning about trading techniques, the evolution of futures markets, different trading tools, and more.
2. Find A System
I am definitely not advising you to go on the web and subscribe to a “black box” system (using buy/sell triggers if don’t know why they are being generated). What I am advising is developing a trading technique: a general set of rules and a trading concept. As you progress, you may want to put the different rules and indicators into a computerized system, but the most important factor is to have a focus and a plan. Don’t just wake up in the morning and trade “blank.”
Sierra Charts Teton Order Routing demo

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

08-12-2022

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 Results Today + Aug 11th Futures Trading Levels, Reports

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CPI came and definitely had an impact on the market, ES jumped about 50 points in less than 20 seconds.
PPI tomorrow.
A bit on both below:
  • CPI — Consumer Price Index follows inflation of consumer purchased goods. Essentially it’s the cost of goods from the view of the retail buyer.
  • PPI — Producer Price Index follows the inflation of the cost to create goods/services. Basically inflation in the eyes of the producer.
Plan your trade and trade your plan!
Sierra Charts Teton Order Routing demo

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

08-11-2022

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.

WYNTK before trading tomorrow + Futures Trading Levels 8.10.2022

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What You Need to Know Before Trading 8.10.22

By Mark O’Brien, Senior Broker

 

Financials:

Keep an eye out for the Labor Department’s release of this month’s Consumer Price Index tomorrow and the Producer Price Index on Thursday. Both will be looked at as guidance for the Federal Reserve as it approaches its September 20-21 meeting, on the heels of back-to-back 75-basis point rate hikes at their last two respective meetings. Economists polled by Reuters are forecasting a ±8.7% year-over-year CPI headline reading, down slightly from the 9.1% jump in June.

Roughly during that same period, several commodity prices have fallen dramatically. Sept. corn futures have dropped ±24% over the past three months; July wheat prices have fallen by ±27%, and soybean prices are down by ±14%.

Crude oil – trading as low a s $88/barrel last week – is now below price levels prior to Russia’s invasion of Ukraine. Prices paid at the pump nationally have fallen as well, approaching an average of $4 per gallon in the U.S. compared to a peak of over $5 per gallon in June.

 

Softs:

Big news regarding lumber futures! Yesterday, the CME Group introduced revamped lumber futures and options. These are not newly offered alternative/mini futures contracts and options, but a complete remodel of the existing ones. The contracts and options kept the same symbols, but the leverage was reduced to 1/4 the prior specifications: 27,500 board feet, down from 110,000. Now, a $1.00 move is equal to $27.50, down from $110.00.

 

The contracts’ minimum tic size increased from $0.10 ($11) to $0.50 ($13.75).

 

Trading hours: Mon. – Fri.: 9:00 A.M. – 3:05 P.M., Central Time.

 

Contract settlement remains physically delivered.

 

Please contact our professional staff for more details.

 

Plan your trade and trade your plan!

Sierra Charts Teton Order Routing demo

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

08-10-2022

Futures Support Resistance Levels 8.10.2022

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.

Micro Crude Oil + Trading August 9th Futures Levels

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Crude Oil Trading Updates, Opportunities and Risks:

By John Thorpe, Senior Broker
Have you had an opportunity to trade the financially settled Micro WTI Crude oil contract? I have and this contract is just what the doctor ordered. When you are faced with the high price and volatility we have seen over the past few years you won’t have to make a decision to either be out or be in the WTI Crude oil contract where we have seen $10,000.00 daily price swings.
With the Micro, which is one tenth the size of the 1000 barrel WTI Crude contract or 100 barrels only, each dollar move per contract in the price of Crude oil is $100.00 rather than $1000.00. What this allows you to do is adjust the amount of leverage you want and not expose yourself to the volatility of the larger CL contract.
The symbol is MCL U22 for the current September contract.
According to the CMEGroup, 33,000 unique traders have come to the CME to trade this contract since it was listed a year ago. The CME Group declares traders from over 145 countries trade the Micro crude oil contract and traders from over 33 countries have traded the new Options contracts on the Micro Crude contract.
Transaction Costs are inexpensive for this contract as exchange fees are .50 per contract.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

08-08-2022

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.

Non Farm Payrolls Report + Aug 5th Futures Trading Levels

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The monthly unemployment report due tomorrow before the cash open.
NFP=Non Farm Payrolls AKA monthly employment rate AKA unemployment figures…..MARKET MOVING EVENT.
Stock index futures saw one of the choppiest price action in a few weeks ahead of the anticipated report.
Crude oil futures broker major support level today and price action at these levels will be watched closely.
Gold futures broke higher ahead of NFP and testing major resistance at 1819.
Strong bounce in the grain markets after a few days of lower price action.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

08-05-2022

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.

Managing Expectations + Futures Trading Levels 8.04.2022

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Managing Expectations for the Non Farm Payroll Release.

by John Thorpe, Senior Broker
This Friday, we will get the market moving report before the open @ 8:30a.m. EDT. It’s important to understand that this information in this format has already been digested by or priced into the market. These opinions are published by Econoday.com. When the Bureau of Labor Statistics releases the actual numbers, the market may violently react if the numbers in each or several of the below categories differ from the consensus viewpoints. If the numbers are in line with expectations, the markets will typically offer limited change in their pricing of the affected asset(s).
.
Employment Situation 
Employment Situation 8/05/2022
Consensus Outlook
A 250,000 rise is Econoday’s consensus for nonfarm payroll growth in July which would be much lower than June’s as-expected 372,000. Average hourly earnings in June cooled to 0.3 percent on the month and to 5.1 percent on the year with steady showings expected for July, at 0.3 and 5.0 percent.
Definition
The most closely watched of all economic indicators, the employment situation is a set of monthly labor market indicators based on two separate reports: the establishment survey which tracks 650,000 worksites and offers the nonfarm payroll and average hourly earnings headlines and the household survey which interviews 60,000 households and generates the unemployment rate.
Nonfarm payrolls track the number of part-time and full-time employees in both business and government. Average hourly earnings track employee pay while the average workweek, also part of the establishment survey, tracks the number of hours worked. The report’s private payroll measure excludes government workers.
The unemployment rate measures the number of unemployed as a percentage of the labor force. In order to be counted as unemployed, one must be actively looking for work. Other commonly known data from the household survey include the labor supply and discouraged workers. Why Investors Care
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

08-04-2022

Support Resistance Futures Trading Levels 8.04.2022

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.

Highlights and Announcements This Week + Trading Aug 3rd Futures Trading Levels, Reports & More!

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Highlights and Announcements for This Week

The first Friday of the month is coming up and with it the release of the Labor Department’s monthly Non-farm payrolls report, widely considered to be one of the most important and influential measures of the U.S. economy. Likely its numbers will be looked at through the prism of the Federal Reserve’s recent rate hikes to glean whether the economy will be capable of holding up against them. Consumers seem to be holding their own, if recent durable goods, personal income and personal spending readings have anything to say (which they have).
Even the current earnings cycle – including recent announcements – have yielded overall positive results, albeit often accompanied with negative forward guidance.  The report is released at 7:30 A.M., Central Time.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

08-03-2022

Support Resistance Levels 8.03.2022

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 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

Forex Factory Reports 8.03.2022

 

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.

WYNTK before trading July 29th + Futures Trading Levels & Reports 7.29.2022

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What you need to Know before trading July 29th

December gold is now front month.
More Earnings numbers tomorrow , most before market opening Exxon Mobil XOM and Chevron CVX along with Procter and Gamble PG all three with the inflation piece as part of their stories. In addition , another hot inflation data point is Personal income and Outlays released at 7:30 am CDT before Equity market open.
Tomorrow is last trading day of the month. First and last trading days of the month can at times have unique characteristics.

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

07-29-2022

Futures Trading Levels 7.29.2022

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.

Daily Mini NQ Chart Review + Futures Trading Levels 7.27.2022

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Consistency, Discipline, Expectations

FED raises rates by 75 basis points as widely expected.
market rallied pretty hard in similar fashion to the last FOMC (which was followed by a large sell off after….) Will be interesting to see market and price action during the last two trading days of the week.
On a different topic:
When was the last time you evaluated yourself when it comes to trading?
Are you consistent or do you change methodology every other week?
Are you discipline or as soon as you hit a large losing day you throw away all your rules out the window?
Are you realistic with your expectations or do you really expect to day trade and be profitable every single trading day?
These are just some questions/pointers to help you in this tough journey called trading.
More to follow in the next few blogs.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Daily Mini NQ 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

07-28-2022

Futures Support + Resistance Levels 7.27.2022

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 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 Tomorrow + Futures Trading Levels for 7.27.2022

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FOMC Tomorrow – Fed decision

Big day tomorrow! More than a few reports including crude oil numbers and most important, FOMC – Fed decision.
Looks like the FED will raise rates between 50-75 basis points. currently 75% for 0.75 hike)
The exact figure?
How many fed governors voted? language? future projections?
All these factors will be KEY.
The following are my PERSONAL suggestions 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 3725.00 with a stop at 3719.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3719.75 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.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

07-27-2022

Futures Trading Levels Support + Resistance 7.27.2022

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 this week + Futures Trading Levels for 7.26.2022

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CME Fed Watch Tool

By John Thorpe, Senior Broker
“Wall Street’s Big Adventure” Not only do many analysts consider this the biggest earnings week of the 2nd Quarter but Fed Chairman Jerome Powell will be taking about the Fed’s newest rate decision. If you have followed previous blog posts you will know how to use this tool. Remember, the market discounts expectations and any surprise from expectations are what actually move the markets in the short run.
Tuesday after the market close MSFT, GOOGL, GOOG, MCD and GM, Earnings estimates for 4 of those five are slightly positive on a per share basis, except for GM, -7.43 percent decline from the past quarter… moving on to Wednesday we have META formerly Facebook after the close -4.26% expectation and on Thursday AAPL and AMZN .
2ND Quarter GDP will be released Pre -Open at 7:30 CDT: according to Econoday.com Second-quarter GDP is expected to accelerate to 0.5 percent annualized growth versus first-quarter contraction of 1.6 percent. Personal consumption expenditures, after the first-quarter’s plus 1.8 percent rate, are expected to rise 1.3 percent.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

07-26-2022

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.

Price Banding + Futures Trading Levels for July 22nd, 2022

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Price Banding

By Mark O’Brien, Senior Broker
The CME Group – where stock index futures like the E-mini S&P 500E-mini Nasdaq, E-mini $5 Dow Jones and other markets trade – has several measures in place to ensure that their markets work in an efficient and orderly manner during volatile market conditions. Among the more commonly-known put in place by the CME Group are their price limits and circuit breakers.
Another, maybe less-commonly known, but very important measure to understand is price banding.
Price banding is a mechanism designed to help prevent erroneous, unintended trades. Price banding rejects orders outside a given range, or band. Bands are calculated dynamically, meaning they’re constantly moving, based on the last traded price of a market. A price band is defined as the highest bid price and lowest ask price from the last traded price within which a non-stop order – like a limit order – can be placed.
For example:
The price banding for the E-mini S&P 500 is 6 points.
If the market’s last trading price is 3980.00, its price band is between 3986.00 (bid), 3974.00 (ask). If a BUY LIMIT order is placed with a LIMIT PRICE of 3988.00, because the LIMIT PRICE is outside/above the upper 6-point price band the order would be rejected.
If a SELL LIMIT order is placed with a LIMIT PRICE of 3942.75, because the LIMIT PRICE is outside/below the lower 6-point price band the order would also be rejected.
Price banding is applied to each CME Group produce individually. A complete list of banding information for CME Group markets is available via this Excel reference sheet.
A short video further explaining price banding – and price limits – is available at the CME Group web site on this page.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.

 

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.

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

07-22-2022

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.

Price Limits & Circuit Breakers + Futures Trading Levels for July 21st 2022

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Price Limits and Circuit Breakers

By Mark O’Brien, Senior Broker
The CME Group – where stock index futures like the E-mini S&P 500, E-mini Nasdaq, E-mini $5 Dow Jones and other markets trade – has several measures in place to ensure that their markets work in an efficient and orderly manner during volatile market conditions.
Given the volatility in several markets over these last many months – and of course the volatility that almost inevitably lies ahead – it’s important to know these measures. Among the more commonly-known put in place by the CME Group are their price limits and circuit breakers.
Price limits are the maximum price range permitted for a futures contract in a trading session. Price limits vary from product to product, as does what happens when a price limit is hit. In some markets, trading is temporarily halted from moving beyond the price limit until it can be expanded. In others trading is stopped from moving beyond a price limit for the day.
Circuit breakers are price limits that, when reached, pause a market for a particular period of time. Most circuit breakers are “traditional,” where a series of price limits are set above and below a reference price, usually based on the market’s previous settlement price. Once a circuit breaker is triggered, the next level of circuit breaker comes into effect. Some circuit breakers are “dynamic,” meaning they move with the market and allow them to move a certain distance within a certain period of time, usually an hour. Each CME Group product has its own assigned values used to calculate the circuit breakers levels. Typically, they’re calculated as percentages of their previous settlement price.
By establishing these types of price fluctuation limits specific to each product, the exchange can help restrict a market from moving too far or too fast in a specific period of time.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

07-21-2022

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.

Invaluable FedWatch Tool + Futures Trading Levels for July 20th 2022

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Invaluable FedWatch Tool

By John Thorpe, Senior Broker
I have highlighted this tool before. the totally neat feature of this tool is it is based in the Fed Funds futures contract price movements. Because it is a reflection of market sentiment, this makes it relatively easy to see and sense the actual price discounting that is going on in the equity and bond markets and what represents “Fair Market Value” as this tool changes on a day to day basis. Imagine a zero news day. This tool would not provide any percentage changes, the FF Futures wouldn’t have moved much and the only “wiggle” in the stock indices would not be news driven and of only a technical nature. Now Imagine a day with a lot of information, as that information streams into the consciousness of traders “discounting of future prices” moves the market. As the importance of interest rate decisions have been providing market direction recently, I recommend every traded keep this link saved to your browser favorites as we approach the next and subsequent Fed Meetings . ( you can look at what the market expects for Futures Meetings as well using this tool) Spend some time with this tool https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

07-20-2022

 

 

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’s moving markets this week? + Futures Trading Levels for July 19th 2022

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What’s moving markets this week?

By John Thorpe, Senior Broker

The most salient measure of a recession may be the accumulated results of corporate profits or the lack of during this earnings season. Q-2 earnings reports are picking up steam, Monday we will see 20 with a notable 19:1 split for both Alphabet symbols. GOOGL and GOOG. After market close we have IBM. Before todays open we had mixed numbers relative to estimates with B of A BAC underperforming expectations and Goldman Sachs GS besting by 10% the pre report earnings estimates . Tuesday we’ll see 50 reports Wednesday 80, Thursday 81 and Friday only 30 with a MEME stock Gamestop GME 3;1 split. Netflix NFLX will be Tuesday’s big name reporting after the close with lower expectations of 2.90 per share , if the actual comes in much lower then the “streaming recession” will be in full force. Watchout below NQ and MNQ Wednesday after the close Tesla TSLA reports along with Alcoa AA as additional thermostats for the state of our economy. Estimates are 1.91 and 2.88 per share respectively. Economic numbers

 

Economic numbers for the week of importance :

Tuesday morning 7:30 CDT am US: Housing starts and permits

Wednesday 9:00am CDT US: Existing Home Sales 9:30 CDT am US: EIA Petroleum Status BOJ Rate announcement @ 9:30 PM CDT

Thursday EuroZone: ECB Rate announcement 7:15 CDT US: Jobless Claims 7:30 CDT

Friday a slew of EuroZone Retail sales and PMI numbers between 1 am CDT and 7:30 CDT with the US:PMI flash number due out at 8:45 CDT.

As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

07-19-2022

 

 

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 You Need to Know for Trading July 15th + Futures Trading Levels for July 15th 2022

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Highlights and Announcements for 7.15.2022

By Mark O’Brien, Senior Broker
Financials: Yesterday’s release of the Labor Department’s Consumer Price Index showed prices that consumers pay directly climbed to 9.1% in June, a pace not seen in more than four decades. A broad array of food and energy categories rose by double digits year-over-year.
This morning, the Labor Department released the June Producer Price Index (PPI) showing the cost of wholesale goods and services jumped 1.1% in June and 10.8% year-over-year. The PPI report reflects what companies pay for supplies such as grains, fuel, metals, lumber, packaging and so forth.
Yet within the “headline” number, a few glimmers of hope that inflation might be abating surfaced. If food, gas and retail trade margins are omitted the so-called core PPI rose just 0.3% in June. That’s the smallest increase in the core rate in four months. In another good sign, wholesale food prices rose a scant 0.1% in June – the smallest advance in six months.
Economists still caution that steady progress has to be shown before it can be called a trend and households still devote a large share of their budgets to fuel and meals. And notwithstanding these hints that inflation is starting to recede, there is still pressure on the Federal Reserve to act more aggressively to slow rapid price increases throughout the economy.
Energies: Also yesterday, the U.S. Energy Information Administration reported crude oil inventories added 3.3 million barrels over the week to July 8. After falling ±7% on Tuesday – below $100 per barrel – and further yesterday, August crude oil touched $90.56 intraday today, certainly in part due to continued concern about the immediate future of the economy, both in the U.S. and globally.
Softs: Today Dec. cotton closed down its current daily price limit of 4 cents (a $2,000 per contract move) to $0.8371 (83.71 cents per pound), its lowest price since Sept. ’21. This marks a ±50-cent ($25,000) decline from its May 19 intraday high of $1.3379. Other softs such as coffee and sugar are seeing price declines in recent weeks as the U.S. dollar continues to strengthen, making U.S. dollar denominated commodities less attractive to international buyers.
Dollar: Speaking of U.S. dollar strength, this morning the September Euro FX futures contract traded down to an intraday low of exactly 1.0000, putting it briefly right on par with the U.S. dollar for the first time in two decades.  The euro has been losing ground against the dollar since the start of the year, when it hovered near $1.13 and well off its peak of nearly $1.60 in 2008.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with 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

07-15-2022

 

 

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 Crude Oil Futures + Futures Trading Levels for July 14th 2022

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

Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Are Some Of The Things You Need To Know About Day Trading Crude Oil Futures:

by Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP

Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.

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

07-14-2022

 

Futures Trading Levels, Support & Resistance

 

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.

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