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Author: Ilan

Mini NASDAQ MONTHLY Chart 1.04.2018

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

A picture is worth a thousand words….

A look at the monthly mini NASDAQ 100 chart below illustrates the amazing rally we had since 2008.

The last technical sell signal on the monthly chart was late 2008…since then, you can see more than a few buy signals on this rally ( blue plus signs and green arrows), which in my opinion, was initiated and fueled by the Fed. to a large extent.

mini NASDAQ monthly chart:

May 2018 be a Great Trading Year for You! Futures Trading Levels & Reports for 1.03.2018

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

From our team at Cannon Trading, to you and your loved ones, we wish you a great 2018 in all aspects of life! May you enjoy health, happiness and great trading this new year!

2018 started with some strong moves in different markets.

The holidays are behind us and volume is slowly coming back.

May 2018 bless you with patience, risk management and discipline.

May the market moves go your way and the different reports help your open trades….

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.

Continue reading “May 2018 be a Great Trading Year for You! Futures Trading Levels & Reports for 1.03.2018”

Happy New Year, Holiday Trading Hours – New Year’s 2018

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

From our team at Cannon Trading, to you and your loved ones, we wish you a great 2018 in all aspects of life! May you enjoy health, happiness and great trading this new year!

Holiday Trading Schedule:

From the CME Globex Control Center, executive summary:

Fri. Dec. 29 = ALL NORMAL closes

Mon. Jan. 1 (day) = CLOSED, all mkts.

Mon., Jan. 1 (night) = NORMAL opening and pre-opening for all

New Year Holiday Trading Hours

Continue reading “Happy New Year, Holiday Trading Hours – New Year’s 2018”

New Year’s 2018 Trading Hours + Levels for Dec. 28th

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Heads up as we head into another holiday, long weekend:

From the CME Globex Control Center, executive summary:

Fri. Dec. 29 = ALL NORMAL closes

Mon. Jan. 1 (day) = CLOSED, all mkts.

Mon., Jan. 1 (night) = NORMAL opening and pre-opening for all

CME Globex New Year 2018 Holiday Schedule

Continue reading “New Year’s 2018 Trading Hours + Levels for Dec. 28th”

Crude Oil Futures Flirts with $60 Mark for First Time in Over 30 Months

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Trading was MUCH lighter today than normal…mini SP volume is normally above 1,000,000 contracts per day. Today volume was approx. 300000.

I suspect the lower volume to continue until next Tuesday when we start trading for 2018.

Don’t confuse low volume with “dead price action”. The lower volume can sometimes help exaggerate price moves when certain news or events take place.

The market of today, was definitely crude oil (yes not bitcoin futures this time…). The front month, February touched 60.01 for the first time in
months, maybe couple of years…

Daily chart for review below:

Crude Light(Globex), Equalized Active Daily Continuation Daily Chart

Continue reading “Crude Oil Futures Flirts with $60 Mark for First Time in Over 30 Months”

Holiday Trading Schedule 12.21.2017

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Please have a Safe and Happy Holiday!!

From the CME Globex Control Center, executive summary:

Fri. Dec. 22 = mostly REGULAR closes, (couple early)

— 12:05 early for grains

— 12:15 early for livestock

— ALL others = REGULAR close

Mon. Dec. 25 (day) = CLOSED, all mkts.

Mon., Dec. 25 (night) = NORMAL opening and pre-opening for all – EXCEPT grains and livestock remain closed.

Tues., Dec. 26 = grains and livestock 8:30 a.m. market opening.

Continue reading “Holiday Trading Schedule 12.21.2017”

Why Bitcoin is Becoming a Real Player

Posted on by Ilan

The weekend of December 16-17, 2017 saw new highs in the bitcoin futures index. Is it a bubble? CNN’s Daniel Shane said bitcoin futures trading “just got a whole lot bigger.” As the bubble got bigger, the warnings got louder.

The involvement of top financial institutions in the bitcoin market underscores its growing mainstream acceptance even as government officials, business leaders, and economists continue to warn people against investing in it.  -Daniel Shane

Bitcoin value dropped about $1,000 between December 16-17, and bitcoin cash soared to a record high then lost half its value within that 24-hour period. Taking an average from several exchanges, CME bitcoins futures index must be traded in blocks of five. Opening trades in bitcoin futures on a reputable exchange could calm the nervous bitcoin value volatility. The New York Nasdaq is anticipated to offer bitcoin futures trading in 2018.

Continue reading “Why Bitcoin is Becoming a Real Player”

Seasonals in Futures Trading 12.20.2017

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

Christmas Holiday trading Schedule is now available! 

Trading Commodity Seasonal Patterns

Every calendar year there are different seasons. It is how we plan our lives. Weather is the first to come to mind, but there are holidays, sports, shopping and many more that help break up the monotony of our day to day patterns. The commodities market is no different. Just as you use a calendar to plan and differentiate Thanksgiving from Opening Day in baseball, you can use the same calendar to blueprint possibly when wheat futures will be high and copper prices low. Traders can use these seasonal patterns to their advantage because it allows a certain degree of predictability of future price movements, rather than being bombarded by an endless stream of often contradictory market noise. Now of course there are other factors too numerous to list that can affect the futures markets, but certain conditions and events reoccur at annual intervals and help traders anticipate where the market is headed. Continue reading “Seasonals in Futures Trading 12.20.2017”

Trade Bitcoin Futures 12.19.2017

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Christmas Holiday trading Schedule is now available! 

Bitcoin updates:

The CBOE 1 bitcoin contract been trading  a full week. The CBOE contract represents one bitcoin while the CME contract represents 5 bitcoins.

We saw approx. 4250 contracts traded on the January contract of the CBOE today.

We saw approx. 1076 contracts traded on the January contract of the CME today, the contract’s first day.

Open an Account to Trade Bitcoin Futures:

In Order to Trade bitcoin futures and other commodity futures, please complete the following online application and fund the account with $10,000 min. to trade CBOE and $50,000 min. to trade the CME contract.

If you already have an account with us, please communicate with your broker to make sure you are set up to trade these contracts, discuss risks and more.

Here’s the link to the on-line account application  (takes about 15-20 mins.)

Generally, application approval usually takes a day or two, if it is an urgent set-up, we should be able to get you up and running within a day.

If you have ANY questions, feel free to call, chat or contact us!

Continue reading “Trade Bitcoin Futures 12.19.2017”

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.