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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
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Dear Traders,
Dow broke 25,000!!
A good, quick read on certain steps every trader needs to go through ( in my opinion) available at:
https://www.cannontrading.com/tools/8-steps-to-successful-trading1
Dow Cash Weekly chart:
On a different note, remember that monthly unemployment numbers come out tomorrow morning!!
Please keep in mind that our brokers here at Cannon are available to chat about the markets, trading techniques, mental aspects of trading and much more. Feel free to pick up the phone and call us at 310 859 9572 any time.
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
1-05-2018
| Contract March 2018 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2752.33 | 6657.17 | 25331 | 1573.57 | 16556.19 |
| Resistance 2 | 2740.67 | 6637.33 | 25206 | 1568.83 | 15977.03 |
| Resistance 1 | 2731.83 | 6619.67 | 25127 | 1562.47 | 15462.67 |
| Pivot | 2720.17 | 6599.83 | 25002 | 1557.73 | 14883.51 |
| Support 1 | 2711.33 | 6582.17 | 24923 | 1551.37 | 14369.15 |
| Support 2 | 2699.67 | 6562.33 | 24798 | 1546.63 | 13789.99 |
| Support 3 | 2690.83 | 6544.67 | 24719 | 1540.27 | 13275.63 |
| Contract | Feb. Gold | Mar. Silver | Feb. Crude Oil | Mar. Bonds | Mar. Euro |
| Resistance 3 | 1351.9 | 17.67 | 62.84 | 153 13/32 | 1.2241 |
| Resistance 2 | 1339.6 | 17.50 | 62.52 | 152 29/32 | 1.2191 |
| Resistance 1 | 1331.7 | 17.38 | 62.22 | 152 19/32 | 1.2155 |
| Pivot | 1319.4 | 17.20 | 61.90 | 152 3/32 | 1.2105 |
| Support 1 | 1311.5 | 17.08 | 61.60 | 151 25/32 | 1.2070 |
| Support 2 | 1299.2 | 16.91 | 61.28 | 151 9/32 | 1.2020 |
| Support 3 | 1291.3 | 16.79 | 60.98 | 150 31/32 | 1.1984 |
| Contract | Mar. Corn | Mar. Wheat | March Beans | Mar. SoyMeal | Feb. Nat Gas |
| Resistance 3 | 354.5 | 441.3 | 981.17 | 326.70 | 3.25 |
| Resistance 2 | 353.5 | 438.7 | 975.08 | 323.60 | 3.16 |
| Resistance 1 | 352.3 | 436.3 | 971.42 | 321.70 | 3.02 |
| Pivot | 351.3 | 433.7 | 965.33 | 318.60 | 2.93 |
| Support 1 | 350.0 | 431.3 | 961.7 | 316.7 | 2.8 |
| Support 2 | 349.0 | 428.7 | 955.58 | 313.60 | 2.70 |
| Support 3 | 347.8 | 426.3 | 951.92 | 311.70 | 2.56 |
Economic Reports, source:
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.