Big Data Week Ahead! + Levels for 01.30.2024 - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Big Data Week Ahead! + Levels for 01.30.2024

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel


The Week Ahead: A Big Data Rich Week! For the markets.

By John Thorpe, Senior Broker


The Super Bowl Teams are set for two weeks from now- Congrats to the NFL Conference Champions! Kansas City and San Francisco!

Quite a bit of excitement surrounds the markets this week as the following will grace our calendars.

Earnings, Jay Powell, Data.

You will have a hard time ignoring many of these direction moving events.

First, on Tuesday , Consumer Confidence and Jolts and both will be released @9:00am CST.

Second, A one-two punch, GOOGL announces earnings after the close. Average analysts guess is $1.59 EPS on Revenue of 85.3 Bil. We aren’t done, MSFT also announces after the close. $2.78 EPS and 61.1 bil revenue are the estimates here. (day one of the Fed meeting also occurs today) Other important earnings , UPS, SBUX, PFE, GM, AMD .

Then on Wednesday, FOMC Rate decision @ 1:00 pm CST , expectations are to remain. No change,

Jay Powell presser 30 minutes later.

We kick off Thursday @ 7:30 am CST with Jobless claims, the 4 week MA is 202k

And hour and a half later , ISM Manufacturing index is released, this has been in contraction the past 14 weeks. Expectations are for much the same.

The Biggest news of the day will likely be earnings from AMZN (exp .80 EPS, rev +11.4% and AAPL (exp 2.10 eps, rev 117.9 bil) after the close.


Fireworks Friday begins at 7:30 am CST with the nonfarm payrolls, here are the expectations from Econoday.

Make it a solid week and always, “plan the trade and trade the plan”

Daily Levels for January 30th 2024


#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Economic Reports
provided by:
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.

Click to rate this post!
[Total: 0 Average: 0]
Tags: > > > > > > > > > > > > > > > > > > > > Posted in: Commodity Brokers   | Commodity Trading   | Day Trading   | Economic Trading   | Future Trading News   | Futures Broker   | Futures Trading  

Trading Expertise As Featured In

Trading Tips You Can Use Right Away!

Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips