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Author: Ilan

New Front Month – Futures Trading Rollover Day for Minis and Currencies Tomorrow | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports

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1. Market Commentary

FRONT MONTH FOR EQUITIES IS DECEMBER. THE SEPTEMBER MINI SP ( AND OTHER MINIS WILL STOP TRADING TOMORROW MORNING!! ALSO CURRENCIES WILL ROLLOVER TO DECEMBER TOMORROW. PAY ATTENTION AS DELIVERIES AND MISTAKES CAN BE QUITE COSTLY.

SYMBOL FOR DECEMBER IS Z

As far as price direction, I am still not sure how to attack this market (outside of quick day-trades which I review live). We are against some resistance levels on the daily chart and I am curious to see the market reaction as the September contract is few hours from expiration.

When in doubt, it’s best to stay out, even more so in trading. I think that many successful traders will agree that the trades you DON’T take are probably more important than the ones you do. Continue reading “New Front Month – Futures Trading Rollover Day for Minis and Currencies Tomorrow | Support and Resistance Levels”

Fed Chairman Bernanke Speaks Tomorrow | Support and Resistanec Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Economic Reports

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1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

Good article on our weekly futures newsletter regarding “knowing your risk” Continue reading “Fed Chairman Bernanke Speaks Tomorrow | Support and Resistanec Levels”

Gaps in the Underlying Asset for the Mini S&P 500 | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports

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1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

When looking at the pit SP 500 ( or what some call the “big SP” as each point is $250 or one big SP = 5 emini sp….) what we see is plenty of GAPS.

These GAPS are a result of overnight moves ( the PIT SP follows the cash stock index of SP500, which is the underlying asset for the future contracts. It is one of the reasons that GAPS on the SP are watched by certain traders and there is a saying ” all GAPS get filled” and if I may add, the question is really when….

Below is an SP500, pit session, hourly chart for your review. I marked the few gaps we had recently with circles. The diamonds that appear are my condition/ ALGO that I have programmed and in this case, the red diamond alerts me for a potential sell for the night session/ early trading tomorrow. Continue reading “Gaps in the Underlying Asset for the Mini S&P 500 | Support and Resistance Levels”

New Week Begins With Continued Futures Market Volatility | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

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1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

We started the new week, right where we left off. With volatile moves in both directions.

I am sharing my daily Dec. mini Russell 2000 chart with you below.. It seems that at times, the Russell 2000 index has been the leader in the moves of the general stock market. We are currently in a very wide range (volatility definitely expands the “bands”) 739 on top and 654 below.

We are currently closer to the bottom level, hence we may see some more upside before we see sellers step back in. In all honesty, I do NOT have a strong feel for the market right now and do NOT have a preferred way of trading it based on swing or overnight time frame. When I do have a better feel or direction, i will be happy to share with you.

You can also sign up for my real time intraday charts service. Continue reading “New Week Begins With Continued Futures Market Volatility | Support and Resistance Levels”

Will the Mini S&P 500 See a Meaningful Bounce? | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

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1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

From a technical perspective, Dec. Mini Sp must hold above 1130.00 to have a chance of a meaningful bounce, a break below that level and we should test 1071.25 which is the equivalent for the Sept. lows of 1077.

Have a great weekend and be ready for a full, volatile trading week coming up.

Dec. mini SP continuous chart for your review below: Continue reading “Will the Mini S&P 500 See a Meaningful Bounce? | Support and Resistance Levels”

NYMEX Energy Futures Margin Requirements Changes – Heating Oil Futures and RBOB Gasoline Futures

Posted on by Ilan

Please be aware of margin requirement changes for selected energy futures contracts starting after the close of business on Monday, September 12, 2011. Below we provided a few selected contract changes.

NYMEX Heating Oil Futures Margin Requirement Changes

CC Rate Type Description Change ISO Current Initial Current Maintenance New Initial New Maintenance
HO Spec Tier 1 Decr. USD 9,788 7,250 8.775 6,500
HO Hedge/Member Tier 1 Decr. USD 7,250 7,250 6,500 6,500
HO Spec Tier 2 Decr. USD 9.788 7,250 8,775 6,500
HO Hedge/Member Tier 2 Decr. USD 7.250 7,250 6,500 6,500
HO Spec Tier 3 Decr. USD 9,788 7,250 8,775 6,500
HO Hedge/Member Tier 3 Decr. USD 7,250 7,250 6,500 6,500
HO Spec Tier 4 Decr. USD 9,450 7,000 8,438 6,250
HO Hedge/Member Tier 4 Decr. USD 7,000 7,000 6,250 6,250

 

NYMEX RBOB Gasoline Futures Margin Requirement Changes

CC Rate Type Description Change ISO Current Initial Current Maintenance New Initial New Maintenance
RT Spec Tier 1 Decr. USD 11,475 8,500 10,463 7,750
RT Hedge/Member Tier 1 Decr. USD 8,500 8,500 7,750 7,750
RT Spec Tier 2 Decr. USD 11,475 8,500 10,463 7,750
RT Hedge/Member Tier 2 Decr. USD 8,500 8,500 7,750 7,750
RT Spec Tier 3 Decr. USD 11,138 8,500 10,125 7,750
RT Hedge/Member Tier 3 Decr. USD 8,250 8,500 7,500 7,750
RT Spec Tier 4 Decr. USD 10,125 7,500 9,113 6,750
RT Hedge/Member Tier 4 Decr. USD 7,500 7,500 6,750 6,750

You can view the rest of the NYMEX energy futures margin requirements changes here: http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv11-317.pdf

CME Group Moment of Silence During Futures Market Hours | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

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1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

On a different note:

On Friday, September 9, 2011, CME Group will observe the tenth anniversary of the attacks on the World Trade Center. As a result, NYMEX/COMEX markets on CME Globex will observe voluntary moments of silence at: 07:46 CT/08:46 ET, 08:03 CT/09:03 ET, 08:59 CT/09:59 ET and 09:29 CT/10:29 ET. We request that all electronic market participants refrain from trading NYMEX and COMEX products on CME Globex and CME ClearPort during these moments of silence

December mini SP continuous chart for your review below: Continue reading “CME Group Moment of Silence During Futures Market Hours | Support and Resistance Levels”

Crude Oil Inventory Economic Report | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Support and Resistance Levels
2. Economic Reports
3. Highlighted Earnings Releases

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1. SUPPORT AND RESISTANCE LEVELS!

Contract (Sept. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1225.33 2301.00 11802 744.90
Resistance 2 1211.92 2262.25 11609 726.70
Resistance 1 1204.83 2242.25 11509 717.20
Pivot 1191.42 2203.50 11316 699.00
Support 1 1184.33 2183.50 11216 689.50
Support 2 1170.92 2144.75 11023 671.30
Support 3 1163.83 2124.75 10923 661.80

 

Contract Dec. Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1889.2 1.4328 94.26 141 9/32
Resistance 2 1865.0 1.4239 92.00 140 26/32
Resistance 1 1842.2 1.4170 90.67 140 4/32
Pivot 1818.0 1.4081 88.41 139 21/32
Support 1 1795.2 1.4012 87.08 138 31/32
Support 2 1771.0 1.3923 84.82 138 16/32
Support 3 1748.2 1.3854 83.49 137 26/32

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2. Economic Reports Thursday September 8th, 2011

Trade Balance
8:30am USD

Unemployment Claims
8:30am USD

Natural Gas Storage
10:30am USD

Crude Oil Inventories
11:00am USD

Fed Chairman Bernanke Speaks
1:00pm USD

Consumer Credit m/m
3:00pm USD

President Obama Speaks
7:00pm USD

Economics Report Source: http://www.forexfactory.com/calendar.php

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3. Today’s Highlighted Earnings Releases

SYMBOL COMPANY EVENT TITLE EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTUAL DATE/TIME (ET)
A9I.I Agi Therapeutics PLC Interim 2011 Agi Therapeutics PLC Earnings Release n/a n/a n/a 7-Sep
CNU Continucare Corp Q4 2011 Continucare Corp Earnings Release $ 0.11 n/a $ 0.09 7-Sep BMO
FCE.A Forest City Enterprises Inc Q2 2011 Forest City Enterprises Inc Earnings Release $ 0.37 n/a $ 0.54 7-Sep AMC
HW.TO Harry Winston Diamond Corp Q2 2012 Harry Winston Diamond Corp Earnings Release n/a n/a n/a 7-Sep AMC
HITK Hi-Tech Pharmacal Co Inc Q1 2012 Hi Tech Pharmacal Co Inc Earnings Release $ 0.84 n/a $ 0.67 7-Sep BMO
SEAC SeaChange International Inc Q2 2012 SeaChange International Inc Earnings Release $ 0.16 n/a $ 0.11 7-Sep AMC

Equities Indices Futures Rollover Dates – ES, NQ, TF, EMD, YM – September 2011

Posted on by Ilan

The equities futures contracts affected are listed below:

Contracts Rollover Date New Month & Symbol
ES Thursday 9/8/11 December, ‘Z’
TF Thursday 9/8/11 December, ‘Z’
NQ Thursday 9/8/11 December, ‘Z’
EMD Thursday 9/8/11 December, ‘Z’
YM Thursday 9/8/11 December, ‘Z’

We recommend that all new positions be placed in the December contract as of Thursday’s trade date.

Please close any open September Currencies positions by the close on Friday, September 16th.

Should you have any further questions please contact your futures broker.

More Volatitity after Holiday Weekend | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Hourly Futures chart of PIT big S&P500
4. Economic Reports
5. Highlighted Earnings Releases

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1. Market Commentary

Market came back from a long weekend with extra energy and extra volatility.

We gaped lower to start the session and then bounced most of the day after better than expected ISM.

At this point, there more than a few gaps on the daily chart to be filled in both directions.

I am looking at a “band” between 1183 and 1136 as we go into tonight’s and tomorrow session.

To be honest, I don’t have a feel on which way to play the market outside of day-trading set ups right now.

I share these set ups, like the one below using the hourly chart in my daily, live signals service.

Hourly chart of PIT (big SP500) for your review below: Continue reading “More Volatitity after Holiday Weekend | 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.