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Author: Ilan

Tuesday Morning Support and Resistance Levels

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

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Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (Dec. 2011) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note

Resistance Level 3

——————————————

Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1229 

1216.75

 

1204.25

 

1180.75

 

1178.5

 

1152.5

 2279 

2258

 

2233

 

2187

 

2178

 

2148.5

 11811 

11719

 

11615

 

11420

 

11330

 

11278

 723.9 

716.4

 

708.1

 

694.40

 

682.90

 

675.60

 14613 

14408

 

14329

 

14227

 

14209

 

14108

 13130 

13112.5

 

13100

 

13011

 

13004.5

 

12919.5

 

divider black 190

Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

Contract Dec.11 Gold Dec.11 Silver Dec.11 Copper Nov.11 Crude Oil Dec.11 Euro Currency Dec.11 Dollar Index

Resistance Level 3

——————————————

Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1735.9 

1719.7

 

1701.7

 

1687.8

 

1679.8

 

1667.1

 33.17 

32.58

 

31.91

 

30.65

 

30.21

 

29.93

 3.466 

3.392

 

3.35

 

3.272

 

3.077

 

3.065

 100.26 

99.30

 

98.34

 

97.24

 

96.48

 

95.24

 1.3733 

1.3625

 

1.3569

 

1.3483

 

1.342

 

1.333

 0.7915 

0.7887

 

0.7871

 

0.7818

 

0.7791

 

0.7744
1224.25
1216.25
1213.25
1192.00
1185.50
1180.75

The Importance of the FOMC Minutes | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Daily Mini S&P Chart
6. Economic Reports for Tuesday, November 22, 2011

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1. Market Commentary

Last week ( Thursday to be exact) I shared the same chart below with the sell signal if we can break 1204.50 ( The market was trading around 1215 at that time). Well we broke below and pretty much got the first target in one trading day.

Tomorrow we will have FOMC minutes, an important report which the market tends to react to or as I call it, “Market respects it”.

If the market breaks above 1204.50 after the minutes, we may see a relief from selling, on the other hand if the market reacts bearishly to the report than 1147.50 and 1120 are next targets.

divider black 190 Continue reading “The Importance of the FOMC Minutes | Support and Resistance Levels”

Monday Morning Support and Resistance Levels – November 21st 2011

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (Dec. 2011) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note

Resistance Level 3

——————————————

Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1224.25 

1216.25

 

1213.25

 

1192.00

 

1185.50

 

1180.75

 2314 

2291

 

2266

 

2222

 

2218

 

2178

 1894 

11821

 

11740

 

11586

 

11570

 

11486

 735.2 

727.3

 

718.5

 

701.90

 

682.90

 

675.60

 14613 

14408

 

14329

 

14227

 

14209

 

14108

 13130 

13112.5

 

13100

 

13004.5

 

12919.5

 

12902

 

divider black 190

Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

Contract Dec.11 Gold Dec.11 Silver Dec.11 Copper Nov.11 Crude Oil Dec.11 Euro Currency Dec.11 Dollar Index

Support Level 3

——————————————

Support Level 2

——————————————

Support Level 1

——————————————

Resistance Level 1

——————————————

Resistance Level 2

——————————————

Resistance Level 3

 1681.2 

1698.6

 

1701.4

 

1725.1

 

1739

 

1751.5

 29.93 

30.21

 

30.88

 

32.08

 

32.72

 

33.28

 3.065 

3.077

 

3.303

 

3.413

 

3.473

 

3.526

 89.17 

94.59

 

95.61

 

97.55

 

98.57

 

99.49

 1.3142 

1.335

 

1.342

 

1.35

 

1.3543

 

1.3625

 0.7744 

0.7791

 

0.7818

 

0.7871

 

0.7887

 

0.7915
1224.25
1216.25
1213.25
1192.00
1185.50
1180.75

Measuring your Trading Progress | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Economic Reports for Friday, November 18, 2011

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1. Market Commentary

Some weekend reading material by a colleague of mine, Jim Wyckoff:

10 Key Questions on Measuring Your Trading Progress, Success
At some point in nearly everyone’s trading timelines, they wonder how their trading successes (or failures) compare with those of other traders. Wondering just how well you stack up to other traders in the industry is a natural curiosity and a human psychological tendency. However, actually knowing the success or failure rates of others doesn’t do a lot to move you farther down the road of where you want to be regarding trading success.
Most traders also wonder about the success rates of the “professional” traders-the ones who make their living solely by the profits they generate from trading. I will provide you with an answer to this question at the end of this feature.
Below are 10 questions regarding measuring your own trading progress and success. These questions should help you determine where you stand in this challenging field of endeavor.
1. What is trading “success?” This is a most basic question. Most would agree that ultimate trading success is defined as being profitable at trading-making more money than you lose. There are other secondary factors that also define success in trading, such as finding a “balance” between trading and other life activities. But it’s being profitable at trading that is the benchmark of defining success. Continue reading “Measuring your Trading Progress | Support and Resistance Levels”

Thanksgiving 2011 Futures Trading Hours and Holiday Trading Schedule

Posted on by Ilan

Good morning Traders! Below are the holiday trading hours for this Thanksgiving 2011 holiday. If you have any questions call us at (800) 454-9572. Good trading!

Thanksgiving Day Trading Schedule

Wednesday, November 23 Hours

CME Group (Floor)
Regular Close

NYMEX (Floor)
Regular Close

GLOBEX
Regular Close/Open
* Exceptions: Livestock, GSCI, Lumber, Crude Palm Oil, Weather, Grain, Ethanol and Dairy products

ICE
Regular Close/Open

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Forex
Regular Close

Thursday, November 24 Hours

CME Group (Floor)
Closed

NYMEX (Floor)
Closed

Continue reading “Thanksgiving 2011 Futures Trading Hours and Holiday Trading Schedule”

Futures Trading Advice | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Daily Mini S&P Chart
5. Economic Reports for Friday, November 18, 2011

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1. Market Commentary

We tested the lower borders of this wide band I have talked about over the last few days.

1204.50 to the psychological 1200 level are the first line of defense.

Volatility is picking up another notch again and we saw a sharp sell off in matter of minutes intraday around 11 AM central.

Brings me to a point I have mentioned before many times….and while I hate sounding like a broken record, I hope that by repeating this I may help clients and traders:

ALWAYS EXPECT THE UNACCEPTED! When volatility skyrockets like now, moves become extreme, the speed of the market really picks up and this is when one must adjust their trading size lower to accommodate for the wilder and wider moves.
It is my opinion to have AUTOMATIC stops entered if you are a daytrader. All our trading platforms offer “auto brackets” that allow you to place limits and stops as soon as position entered. Please contact your broker if you need help with this feature. Continue reading “Futures Trading Advice | Support and Resistance Levels”

Friday Morning Support & Resistance Levels

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (Dec. 2011) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note

Resistance Level 3

——————————————

Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

1241

 

1232.75

 

1223.75

 

1208.5

 

1204.75

 

1178.75

2315

 

2301

 

2286

 

2356

 

2222

 

2178

11923

 

11898

 

11856

 

11696

 

11643

 

11570

736

 

731.8

 

727.5

 

714

 

710.2

 

703.7

14408

 

14321

 

14303

 

14221

 

14204

 

14105

13130

 

13112.5

 

13100

 

13020

 

13014.5

 

13009.5

 

divider black 190

Support & Resistance Levels for Gold, Silver. Copper, Crude Oil, Euro Currency, Dollar Index

Contract Dec.11 Gold Dec.11 Silver Dec.11 Copper Nov.11 Crude Oil Dec.11 Euro Currency Dec.11 Dollar Index

Resistance Level 3

——————————————

Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

1757.9

 

1746.9

 

1734.6

 

1711

 

1701.4

 

1681.2

33.31

 

32.75

 

32.12

 

30.92

 

30.29

 

29.93

3.458

 

3.428

 

3.395

 

3.331

 

3.318

 

3.306

101.34

 

100.3

 

100.08

 

99.79

 

96.21

 

94.52

1.3733

 

1.364

 

1.3614

 

1.3517

 

1.3494

 

1.342

0.7869

 

0.7833

 

0.7821

 

0.7801

 

0.778

 

0.7759

 

Futures Trading Beliefs | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Economic Reports for Thursday, November 17, 2011

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1. Market Commentary

Bearish close today on stock index futures and as I mentioned yesterday, a break below 1204 on the Dec. SP 500 can trigger another leg down.

I wanted to share the feature below by a colleague of mine. WORTH READING: Continue reading “Futures Trading Beliefs | Support and Resistance Levels”

Daily Mini S&P Chart | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Daily Mini S&P Chart
5. Economic Reports for Wednesday, November 16 2011

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1. Market Commentary


Stock index futures are in consolidation stage, trading between 1185 and 1289 since Oct. 18th (over100 points which is still a very WIDE range but nonetheless compare to the moves we have seen since this summer, I will consider it a range).

Before I can take a stance over medium to longer term price action, I will need to see if we can either take out 1204 or 1289. In between, the intra-day ranges provide both opportunities and risks for day-traders.

My tiny wisdom tip for today is: Your biggest battle as a day-trader is probably BEING selective in the trades you take, being patient ( which can be hard for many traders) and executing the plan you have once in a trade. Work on this every trading day, try to make small progress, keep a journal.

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Continue reading “Daily Mini S&P Chart | Support and Resistance Levels”

US and Europe Reports | 60 Minute Chart of the DAX | Support and Resistance Levels

Posted on by Ilan

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Economic Reports for Tuesday, November 15 2011

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1. Market Commentary

Tomorrow we have a FULL day with reports in the US as well as Europe that should affect the market. Please scroll down to see list of times, reports and impact level.

Talking about Europe, one of the more popular foreign stock index markets is the DAX.

“big market” as far as value per point but many overseas clients as well as some US clients like to trade it because it has good volume during different times of the day and because the large $ amount per tick (actually EURO per tick = 12.50).

Last week I spoke about different markets to watch for day-trading opportunities, so it is appropriate to include a 60 minute chart of the DAX which had a “small buy signal” ( I would use a stop right below 5900 if I went long) Continue reading “US and Europe Reports | 60 Minute Chart of the DAX | Support and Resistance Levels”

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.