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Lately I have heard from more than a few clients and prospects that “stock index futures are just not what they used to be….” – very true!
Between QE of the last few years, regulations, the shrinking of the hedge fund population and more….stock index futures volatility and personality have changed. I am pretty certain that volatility will return but…when and in what form is anyone’s guess.
In between…there are other markets that are suitable for day trading in my opinion. Bonds, crude oil, gold, natural gas, some of the grains, some currencies….Observe some of these markets in simulated environment if you never traded them. Take notes, get a feel for their behavior. It might be time to diversify your daytrading portfolio with other markets except the mini SP 500…..
If you need help, want feedback please feel free to contact us.
Good Trading
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Futures Trading Levels
5.16.2017
| Contract June 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2418.58 | 5734.00 | 21094 | 1417.47 | 99.54 |
| Resistance 2 | 2410.42 | 5720.25 | 21028 | 1408.33 | 99.34 |
| Resistance 1 | 2404.33 | 5710.00 | 20978 | 1400.07 | 99.07 |
| Pivot | 2396.17 | 5696.25 | 20912 | 1390.93 | 98.87 |
| Support 1 | 2390.08 | 5686.00 | 20862 | 1382.67 | 98.60 |
| Support 2 | 2381.92 | 5672.25 | 20796 | 1373.53 | 98.40 |
| Support 3 | 2375.83 | 5662.00 | 20746 | 1365.27 | 98.13 |
| Contract | June Gold | July Silver | June Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1247.1 | 17.23 | 51.69 | 152 15/32 | 1.1089 |
| Resistance 2 | 1242.2 | 17.02 | 50.67 | 152 3/32 | 1.1048 |
| Resistance 1 | 1236.5 | 16.82 | 49.78 | 151 23/32 | 1.1021 |
| Pivot | 1231.6 | 16.62 | 48.76 | 151 11/32 | 1.0981 |
| Support 1 | 1225.9 | 16.42 | 47.87 | 150 31/32 | 1.0954 |
| Support 2 | 1221.0 | 16.21 | 46.85 | 150 19/32 | 1.0913 |
| Support 3 | 1215.3 | 16.01 | 45.96 | 150 7/32 | 1.0886 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | July Nat Gas |
| Resistance 3 | 375.1 | 433.9 | 978.83 | 319.93 | 3.47 |
| Resistance 2 | 373.4 | 431.1 | 975.92 | 318.37 | 3.44 |
| Resistance 1 | 370.6 | 427.2 | 970.58 | 315.43 | 3.40 |
| Pivot | 368.9 | 424.3 | 967.67 | 313.87 | 3.37 |
| Support 1 | 366.1 | 420.4 | 962.3 | 310.9 | 3.3 |
| Support 2 | 364.4 | 417.6 | 959.42 | 309.37 | 3.29 |
| Support 3 | 361.6 | 413.7 | 954.08 | 306.43 | 3.25 |
Economic Reports, Source:
https://www.forexfactory.com/
| Date | 3:27pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueMay 16 | 2:45am | EUR |
French Final CPI m/m
|
0.1% | 0.1% | ||||
| 4:00am | EUR |
Italian Prelim GDP q/q
|
0.2% | 0.2% | |||||
| 4:30am | GBP |
CPI y/y
|
2.6% | 2.3% | |||||
| GBP |
PPI Input m/m
|
0.1% | 0.4% | ||||||
| GBP |
RPI y/y
|
3.4% | 3.1% | ||||||
| GBP |
Core CPI y/y
|
2.2% | 1.8% | ||||||
| GBP |
HPI y/y
|
5.4% | 5.8% | ||||||
| GBP |
PPI Output m/m
|
0.2% | 0.4% | ||||||
| 5:00am | EUR |
Flash GDP q/q
|
0.5% | 0.5% | |||||
| EUR |
German ZEW Economic Sentiment
|
22.3 | 19.5 | ||||||
| EUR |
Trade Balance
|
18.8B | 19.2B | ||||||
| EUR |
ZEW Economic Sentiment
|
29.1 | 26.3 | ||||||
| 8:30am | USD |
Building Permits
|
1.27M | 1.27M | |||||
| USD |
Housing Starts
|
1.26M | 1.22M | ||||||
| 9:15am | USD |
Capacity Utilization Rate
|
76.3% | 76.1% | |||||
| USD |
Industrial Production m/m
|
0.4% | 0.5% | ||||||
| 9:30am | GBP |
CB Leading Index m/m
|
0.1% | ||||||
| 10:00am | USD |
Mortgage Delinquencies
|
4.80% |
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.