Trading Levels and Reports for October 11, 2012
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday October 11, 2012
Hello Traders,
Special feature from our friends at: www.terrapinn.com
Download Whitepaper: How to Game a Dark Pool
Dark pools were created under the premise that large orders will realize better executions if the orders remained hidden. Theoretically, this would protect them from market participants seeking predatory opportunities to trade against, or “game”, the large order. If dark pools are the home for large trade execution, one wonders why the average trade size of most dark pools is only a few hundred shares.
Download Peter Berdeklis’ whitepaper to read more
In his whitepaper “How to Game a Dark Pool”, Peter Berdeklis of Maple Securities discusses how to game orders from dark pools, using Canada’s own Alpha’s IntraSpread as an example. Peter answers the questions:
-What are gaming strategies dependent on?
-Can special order types prevent gaming?
-What makes gaming more difficult?
-Does relative volume affect dark pool executions?
Find out the answers to these and more by downloading the whitepaper.
Peter will be participating in a panel on dark pools this October at Quant Invest Canada. The panel will address:
-Will dark pools continue to grow in Canada?
-How do dark pools impact market liquidity?
-What is the current development stage of dark pool trading in Canada?
-Why do investors trade (or not) in dark pools?
-How to best integrate dark trading into existing public trading structure?
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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.
| Contract Dec. 2012 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1446.10 | 2768.50 | 13443 | 846.07 | 498.23 |
| Resistance 2 | 1442.55 | 2756.50 | 13407 | 840.03 | 488.87 |
| Resistance 1 | 1435.90 | 2736.50 | 13338 | 833.77 | 480.53 |
| Pivot | 1432.35 | 2724.50 | 13302 | 827.73 | 471.17 |
| Support 1 | 1425.70 | 2704.50 | 13233 | 821.47 | 462.83 |
| Support 2 | 1422.15 | 2692.50 | 13197 | 815.43 | 453.47 |
| Support 3 | 1415.50 | 2672.50 | 13128 | 809.17 | 445.13 |
| Contract | Dec Gold | Dec. Silver | Nov. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1793.7 | 3490.7 | 95.09 | 151 1/32 | 1.3113 |
| Resistance 2 | 1785.1 | 3464.3 | 94.01 | 150 5/32 | 1.3037 |
| Resistance 1 | 1777.3 | 3434.2 | 93.24 | 149 23/32 | 1.2986 |
| Pivot | 1768.7 | 3407.8 | 92.16 | 148 27/32 | 1.2910 |
| Support 1 | 1760.9 | 3377.7 | 91.39 | 148 13/32 | 1.2859 |
| Support 2 | 1752.3 | 3351.3 | 90.31 | 147 17/32 | 1.2783 |
| Support 3 | 1744.5 | 3321.2 | 89.54 | 147 3/32 | 1.2732 |
| Contract | Dec. Corn | Dec. Wheat | Nov. Beans | Dec. SoyMeal | Dec. bean Oil |
| Resistance 3 | 826.2 | 904.7 | 1597.33 | 498.23 | 52.73 |
| Resistance 2 | 801.1 | 897.3 | 1582.17 | 488.87 | 52.35 |
| Resistance 1 | 787.2 | 891.7 | 1565.33 | 480.53 | 51.84 |
| Pivot | 762.1 | 884.3 | 1550.17 | 471.17 | 51.46 |
| Support 1 | 748.2 | 878.7 | 1533.3 | 462.8 | 51.0 |
| Support 2 | 723.1 | 871.3 | 1518.17 | 453.47 | 50.57 |
| Support 3 | 709.2 | 865.7 | 1501.33 | 445.13 | 50.06 |
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:46pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
| Fri
Oct 12
|
5:00am | EUR |
Industrial Production m/m
|
-0.4% | 0.5% | ||||
| 8:30am | USD |
PPI m/m
|
0.8% | 1.7% | |||||
| 8:30am | USD |
Core PPI m/m
|
0.2% | 0.2% | |||||
| 9:55am | USD |
Prelim UoM Consumer Sentiment
|
78.1 | 78.3 | |||||
| 9:55am | USD |
Prelim UoM Inflation Expectations
|
3.3% | ||||||
| 12:35pm | USD |
FOMC Member Lacker Speaks
|
|||||||
| 2:00pm | USD |
Federal Budget Balance
|
59.0B | -190.5B | |||||
| Day 2 | ALL |
IMF Meetings
|
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
