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Category: Economic Trading

Earnings, Economic data, and quiet Federal Reserve Board voting Members + Levels for 01.23.24

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

 

The Week Ahead: Earnings, Economic data, and quiet Federal Reserve Board voting Members.

By John Thorpe, Senior Broker

We have entered the FRB blackout period which always begins 8 days prior to the FOMC meeting which is currently scheduled for Jan 30-31

Tuesday After the close the biggest earnings number will be from Netflix NFLX. The forecast is for 8.8 Billion in revenue while adding 9million or more subscribers in the final quarter of 2023. Watch for surprises here as it’s clear that NFLX is the undisputed king of streaming services with a backdrop of consumers consolidating their preferences.

Wednesday after the close Look for TSLA Tesla stock to announce Q4 23 numbers with earnings forecast for .74 cents per share with Rev @ 25.6 bil. Will the current EV price war challenge the analysts estimates?

 

Thursday is kicked off with the ECB Rate decision @ 7:15 a m CST, expectations are to hold rates steady for the lending rates in the Eurozone. 15 minutes later @ 7:30 a.m. CST a slew of Data hits the wires..  Durable goods, GDP, Jobless claims followed by New Home Sales @ 9 a.m. CST

And ends with Intel INTC Earnings after the close. Expectations are 49 cents per share with 15.2 billion in revenue.

Friday market action will largely be reflective of the absorption the week of data and the evening of traders positions before the weekend.

 

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

 

 

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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 when it comes to Futures Trading.

Futures Trading Levels

01-23-2024

#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

d536c132 d3ce 47ff 8099 79b752e3652b

 

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

 

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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.

Weekly Newsletter: Why Most Traders Lose? + Futures Trading Levels for Jan. 22nd

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1178

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  •  Important Notices – 2024 World Cup Trading Championship
  • Trading Resource of the Week – Why Most Traders Lose?
  • Hot Market of the Week – March Feeder Cattle
  • Broker’s Trading System of the Week – MidCap Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

The 2024 World Cup Trading Championships® are just around the corner.
You are invited to enter the ultimate trading challenge, where some of the world’s best Futures and Forex traders compete.
The World Cup Trading Championships have been held since 1983 and are the most prestigious trading competitions in the industry. The winners of each division will prove that they are the best of the best.
The top profitable Entrants will be eligible to receive a magnificent pewter Bull and Bear trophy or a beautiful crystal Bull and Bear Trophy.
Real-money competitions based on net returns – no entry fee required.
Take on traders from across the globe to compete for coveted Bull & Bear trophies, glory, and new career opportunities.
Do you have what it takes?
Contact us at 1-310-859-9572 or Visit Us on the Web

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  • Trading Resource of the Week : Why do most futures traders lose money and how can you improve your odds?

Watch the short recorded webinar where Ilan shared some of his observations of why a large percentage of traders lose money trading futures.
*Reasons why most traders lose
*Looking at tools you can utilize and improve your odds
*Review different methods/concepts of trading
*Ilan shares many tidbits that can help variety of traders
*Ilan answers questions
Watch the recorded webinar which in our opinion contains some of the most valuable advise both new and advanced traders can utilize

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    • Hot Market of the Week – March Feeder Cattle

    Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    March Feeder Cattle
    March feeder cattle stabilized their break last month after satisfying the fourth downside PriceCount objective. On the correction higher, the chart activated upside counts with the first objective projecting a run to the 238.53 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
S&P MidCap future
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$25,000.00
COST
USD 150 / monthly
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

 

  • Trading Levels for Next Week

Daily Levels for January 22nd, 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
Trading Reports for Next Week
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d259df9c bf07 4429 9fa8 d12b53c37804

 

  • click above for a LIVE demo, streaming prices
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
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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.

 

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.

Weekly Newsletter: NG Outlook, MLK Trading Hours + Futures Trading Levels for Jan. 15/16

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1178

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices – General Updates and MLK Holiday Schedule
  • Trading Resource of the Week – 2024 World Cup Trading Championship
  • Hot Market of the Week – Feb Natural Gas
  • Broker’s Trading System of the Week – Crude Oil Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

      • Next Week
        • MLK Day is a federal holiday, abbreviated trading hours for some markets, others are closed (see below)
        Data
        • Wed 1-17, 4 Economic numbers will be released between 7:30 and 8:15 a.m. CST
        • Thur. 1-18, 3 Economic numbers between 7:30 and 9:00 a.m. CST
        Energy Markets
        • Due to the MLK Holiday Monday, the weekly EIA Energy Stocks report is moving.
        • Thursday @ 10:00 a.m. CST rather than the usual Wed. at 7:30 a.m.
        • Also, the regularly scheduled EIA Nat Gas report retains it’s 7:30 a.m. release on the 18th
        Earnings
        • Tues.-Fri, Heavy financial svcs rprtg. Including Morgan Stanely and Goldman Tues.
        • Large Regionals will be reporting though out the week.
        • Alcoa aluminum reports Wed. after the close
        Fed Watch
        • Tues. 1-17 Waller speech @ Brookings Institute 10:00 a.m. CST “Economic Outlook”
        • Wed. 1-18 Vice Chair of Supervision- Barr speech 8:00 a.m. CST “Cyber Risk”

 

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3b644da2 2bee 4d39 8d98 5208a20bec39

 

Trading Resource of the Week :

The 2024 World Cup Trading Championships® are just around the corner.
You are invited to enter the ultimate trading challenge, where some of the world’s best Futures and Forex traders compete.
The World Cup Trading Championships have been held since 1983 and are the most prestigious trading competitions in the industry. The winners of each division will prove that they are the best of the best.
The top profitable Entrants will be eligible to receive a magnificent pewter Bull and Bear trophy or a beautiful crystal Bull and Bear Trophy.
Real-money competitions based on net returns – no entry fee required.
Take on traders from across the globe to compete for coveted Bull & Bear trophies, glory, and new career opportunities.
Do you have what it takes?
Contact us at 1-310-859-9572 or Visit Us on the Web

 

85023756 a5a8 4eea 9a14 f3222e677256

 

 

  • Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
    February Natural Gas
    February natural gas accelerated off its December low to complete its third upside PriceCount objective before settling back with a corrective trade. Now, the chart is threatening to resume its rally where new sustained highs would project a possible run to the low percentage fourth upside count to the 4.44 area.
    PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.

ZigZag 6 _ Crude Oil CL

PRODUCT
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$15,000.00
COST
USD 100 / monthly
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

 

  • Trading Levels for Next Week

Daily Levels for January 15th, 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
Trading Reports for Next Week
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d259df9c bf07 4429 9fa8 d12b53c37804

 

  • click above for a LIVE demo, streaming prices
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
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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.

 

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.

CPI Tomorrow + Levels for 01.11.24

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

 

Ahead of CPI and the Rest of the Week:

By Mark O’Brien, Senior Broker

 

Crypto:

 

Bitcoin futures open interest on the Chicago Mercantile Exchange hit a fresh all-time high, its nominal value reaching $5.4 billion as the Jan. contract traded within 200 points of $48,000 yesterday. The previous all-time high of $4.5 billion was recorded in November 2021 when the front month contract traded to its all-time high above $68,000.

 

Energy:

 

Concerns of slowing demand growth in the energy sector received additional fodder this morning when the Energy Information Agency (EIA) reported a surprise jump in U.S. crude stockpiles and a larger-than-expected jump in storage of both gasoline and distillates. Crude oil (basis Feb.) remains mired in the low $70 per barrel range with a few forays below $70 per barrel over the last month. Despite fears the Israel-Hamas war – now into its third month – could be a catalyst to supply disruption in the Middle East, crude oil is more that $10 per barrel (a $10,000 per contract move) lower since the beginning of the conflict, suggesting traders are more focused on global economic growth (slowing) than geopolitical risk, which seems to be increasing as events related to the war have spread, including attacks on U.S. bases in Iraq, U.S. strikes on Iranian-backed organizations in Syria and Yemen, Israeli attacks in Lebanon on Hezbollah, Yemeni-based Houthi attacks on vessels moving through the Bab al-Mandab Strait at the entrance to the Red Sea from the Gulf of Aden – a route that sees 10-12% of the world’s seagoing freight travel through it.

 

General:

 

Tomorrow we’ll be apprised yet again of the inflation situation here in the U.S. with the release of the Bureau of Labor Statistics’ Consumer Price Index Report, which measures the prices paid by consumers for a basket of consumer goods and services (7:30 A.M., Central Time). The reading plays an important role in shaping the Federal Reserve’s outlook on much-anticipated interest rate cuts this year.

 

 

85023756 a5a8 4eea 9a14 f3222e677256

3b644da2 2bee 4d39 8d98 5208a20bec39

 

 

 

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 when it comes to Futures Trading.

Futures Trading Levels

01-11-2024

#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

 

d536c132 d3ce 47ff 8099 79b752e3652b

 

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

53c34070 9431 4df4 8328 2992c5e5398e

 

 

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.

FOMC Minutes, ISM and JOLTS Tomorrow! +Futures Trading Levels for 01.03.24

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

Only 3 days of trading left in the first trading week of 2024.

These 3 days are PACKED with reports and I suspect much different trading behavior than we saw the last trading week of 2023.

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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 when it comes to Futures Trading.

Futures Trading Levels

01-03-2024

#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

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

 

a6108dae 1e32 4e49 8e3c 491be75047e7

 

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.

Stock Index Futures Insight, Christmas Modified Trading Schedule + Levels for 12.21.23

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

The U.S. economy is looking like it’s approaching yet another historical period.

By Mark O’Brien, Senior Broker

After months of seeing the Federal Reserve raise interest rates to their current 5.25% – 5.50%, target range, traders, economists, investors, etc. are looking at this year and anticipating the first cut in rates since the beginning of the COVID pandemic.

 

Perhaps more importantly, there is the feeling that these interest rate cuts – once they are put in place – will be a policy shift possibly different than any other time in the history of Fed rate decisions. Instead of cutting rates because of an imminent risk of recession, or the need to protect against one, the Fed. will be lower borrowing costs as an accommodation – almost a reward of sorts – for moderated inflation readings, growth that has slowed without much adverse effect on the country’s employment situation (satisfying one of their two mandates) and is now sliding toward the Fed.’s long-standing target of 2%.

 

Ruling nothing out, Fed. Chair Jerome cautioned in his press conference last week that the U.S. economy can behave in unexpected ways and the central bank stands ready to resume a restrictive posture should economic conditions warrant. Chicago Federal Reserve Bank President Austan Goolsbee seconded that: ” “Progress continues, though we still have a way to go,” Goolsbee said in an interview last week.

 

Clearly, traders in stocks and stock index futures feared little in that caveat – and haven’t for the last nine weeks. The Dow Jones and Nasdaq futures moved to record a new all-time closing high. Following another session in the green on Tuesday, the S&P 500 index is only a few dozen points away from its own milestone. Roughly another move up of 0.6% can bring it to that peak. Stay tuned for the last days of 2023 to see if the Santa rally charges ahead.

Notably, the biggest contributors to the S&P 500’s banner year have been the usual suspects, currently dubbed the Magnificent Seven: Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta Platforms. Collectively, these companies’ stock prices have jumped 75% in 2023, leaving the other 493 companies in the S&P 500 in their dust. Those have risen a more modest 12%, while the index as a whole is up 23%. The Magnificent Seven stocks have swelled to represent about 30% of the S&P 500’s market value, according to Goldman Sachs Global Investment Research. That is approaching the highest-ever share for any seven stocks.

 

 

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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 when it comes to Futures Trading.

Futures Trading Levels

12-21-2023

#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

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

 

2b56d1ec 547f 4730 851b 1167c839e6cd

 

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.

Trading in the last two weeks of 2023 +Futures Trading Levels for 12.19.23

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

The Week Ahead: And 2023 is almost over…..

By John Thorpe, Senior Broker

 

The December 18th week is the second to last before the week between Christmas and New Years.

It may be hard to find much to get markets excited about now that the final FOMC meeting of 2023 is out of the way.

Confidence is high that the Fed is done raising rates in this cycle, which makes the economic outlook more certain and one which includes rate cuts sooner or later. Most of the data from this point forward is probably backward looking, This weeks GDP is the final iteration from the BEA Bureau of Economic Analysis for Q3 after a knock the barn door off 2nd revision last month increase of 5.2 percent. We will see early Thursday morning if the second iteration was correct.

Because the housing numbers this week are also backward looking, the data will be reflective of a time period where the mortgage rates had been at their highest levels in over 25 years. Mortgage rates have come down a few shades since the late summer and fall peaks of over 7 1/2%. As of this writing, the 30-year fixed can be had for under 7 through some outlets for the most credit worthy home buyers.

Housing starts, Existing home sales and New home sales, Tuesday, Thursday and Friday. The probability of a .25 point fed funds ease for the Fed’s March meeting is currently @ 63.4 % per the CME’s Fedwatch tool. The FOMC has a January meeting scheduled, but no February event.

 

3b644da2 2bee 4d39 8d98 5208a20bec39

 

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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 when it comes to Futures Trading.

Futures Trading Levels

 

12-19-2023

#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

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

 

51c044c9 16de 4378 baad cf8a441ef0c7

 

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.

The Day After FOMC? + Futures Trading Levels for Dec. 14th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

Day After FOMC?

By Mark O’Brien, Senior Broker

 

The tea leaves in recent weeks – measures of the U.S. economy and beyond – were already indicating the Fed. would leave interest rates alone for the third straight time, maintaining the target range of 5.25% to 5.5%, after holding its last FOMC meeting of the year today. So was the benchmark prediction gauge: the Fed Funds futures contract. Yes, there were a handful of softer data: household net worth and job openings declined, overdue loan payments and credit card balances rose, European data pointed to that region’s recovery easing off and China’s is still stuck in a ditch. At the same time, the monthly non-farm payrolls report came in better than expectations with average hourly earnings and working hours rising and the unemployment rate falling. The disposition of the Fed’s individual members’ expectations for future rate policy, commonly referred to as its “dot plot,” projected that they will lower borrowing costs to 4.6 percent by the end of 2024. That call for lower rates was widespread: not a single Fed official expected interest rates to be higher at the end of next year. Still, policymakers did not firmly declare victory. They kept alive the possibility of further rate increases if inflation should prove stubborn.

 

Plan your trade and trade your plan.

 

 

 

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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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

 

12-14-2023

 

#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

 

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

713b2b7b 453b 4162 b361 1b19afad5b75

 

 

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.

The Week Ahead: CPI, FOMC +Futures Trading Levels for 12.12.23

Posted on by Ilan
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The Week Ahead: Index rollover week, CPI, PPI, FED Rate announcement, Fed speech, Earnings.

By John Thorpe, Senior Broker

This week could get wild in a number of markets, stay focused and manage the risk.

You should already be trading the March Indices if you are trading them at all, ask your broker how to roll if you need assistance.

 

Tuesday morning the telling CPI number will be released early, 7:30 am CST.

 

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Past volatility in index markets as a result of earnings will take a back seat to much anticipated economic numbers this week. We will have a few earnings releases after the close but the highlights for the indices, bonds, crypto, metals and yes even the energy complex may hinge on the CPI and PPI numbers in addition to the somewhat surprising Non Farm Payroll numbers on Friday that reflected uncommon and persistent strength in the wake of the longest string of interest rate increases in 40 years.

PPI Wednesday 7:30 am CST

Any deviation from the consensus will move markets in unnatural ways.  The same for the PPI on Wednesday morning and the FED voting members will have a clearer picture of their desires in March, something we will be listening for in the language Chairman Powell uses on Wednesday when he hosts his final for the year Q and A 30 minutes after the Rate decision is announced. That decision is expected to be a no rate change with the CME FedWatch tool weighing in today as a 98.4% probability for rates to remain untouched.

ADBE will be reporting Earnings after the close Wednesday and Costco after the close on Thursday.

Inventories, jobless claims retail sales all early Thursday morning and Friday, a few more data points to throw into the mix. Capacity utilization and Industrial production, all sectors that are dependent on the cost of money.

Plan your trade and trade your plan.

 

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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 when it comes to Futures Trading.

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Futures Trading Levels

*NOTE: if you like to get the March stock index levels (NQ, ES etc.), please reply back to this email and we will send you the levels for March tomorrow morning!

12-12-2023

#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

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

 

869338bf 7e29 45fa 8435 d417fb1904f4

 

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.

The Week Ahead: Federal Reserve Board Black Out Period + Futures Trading Levels for 12.05.23

Posted on by Ilan
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Join our Private Facebook group

Subscribe to our YouTube Channel

 

 

The Week Ahead: Federal Reserve Board Black Out Period Dec 2-14

By John Thorpe, Senior Broker

 

March (H24) Interest rate products, U.S. T-Bond Futures ZB, Ultra T-Bond Futures UB, 10-Year T-Note Futures ZN, 5-Year T-Note Futures ZF, 2-Year T-Note Futures ZT. are now front month

Earnings watch, Tuesday 12-5 Toll Brothers Builders NYSE (TOL), Thursday 12-7 chipmaker Broadcom NYSE (AVCO)

Reports a variety, Main Focus Friday, NFP 7:30am, WASDE 10am and 1st day of Hanukkah all times CST

The Role of Expectations for the NFP report

Expectations are typically baked into future prices. Rarely can a more direct correlation to this reality be found than in our futures markets as they are affected by expectations of NFP .

There are a number of indicators the Federal Reserve Board and investors watch prior to the NFP release, these all become reflected in asset prices and if there is a surprise NFP release, the market can adjust violently to the new perception of the health of the economy and therefore the affect on future Interest rate decisions. For instance, The Labor Department’s JOLTS report tracks monthly change in job openings and offers rates on hiring and quits. The reporting period lags other employment data including the employment situation report. Then there is the ADP report The national employment report from Automated Data Processing Inc. and is computed from ADP payroll data and offers advance indications on the U.S. private workforce. Are to name but two. Contact your broker for more detail.

This Friday @ 7:30 a.m. CST the BLS will release it’s monthly employment update called the NFP which stands for Non-Farm Payroll and this specific economic event is always released on the first Friday of every month. Rarely, the NFP figure may be postponed to the second Friday if the first Friday is the first of the month or a public holiday. This Friday is one of those rare exceptions. The NFP figure is a report which shows how many individuals are employed within the US but excludes specific industries such as agriculture.

Why is it important to the Dollar?

DXH24, 6EH24 (eurocurrency)

When individuals wish to invest in stocks, bonds and a currency, they prefer currencies backed by a strong economy with a robust employment sector. In addition, if employment is high, the Federal Reserve is also likely to increase interest rates or keep them high; again, this can support demand for the Dollar.

A higher-than-expected NFP figure is positive for the Dollar.

A lower-than-expected NFP figure is negative for the Dollar. The inverse would be true for the Euro currency

Why is it important to the US Stocks?

ESH24,NQH24,RTYH24,YMH24 + micros

The NFP figure can affect the US Stock Market in 2 ways. A higher-than-expected NFP figure can indicate a resilient economy and higher consumer demand. As a result, companies perform better; earnings are higher, as is investor confidence. This can cause the stock market to rise. But be wary as it can also trigger current belief by the FED that interest rate increases will be necessary to cool the employment trend.

On the other hand, if the Federal Reserve is increasing interest rates, positive employment figures may support a further increase. Interest rates can significantly pressure the stock market. A lower than expected figure during the current environment may rally stocks as the FED would NOT need to raise rates further yet as they wait and see if their tight money policy is being effective

Why is it important to the Gold?

GGCG24, GCG24 + micros

The price of Gold is largely inversely correlated with the cost of the Dollar. As a result, the NFP can influence the price of gold. Whether the horse leads the cart or the cart leads the horse is for you to determine as you lock those contracts onto your trading screens.

Why is it important to Interest Rates?

UBH24,ZBH24,ZTH24,FFF24 + minis

If the NFP is stronger than expectations Bond prices will go lower as the concern of “higher for Longer” persists

If the NFP is weaker than expected Bond Prices will go higher as anticipation for rate cuts sooner wash over the interest rate markets

Plan your trade and trade your plan.

 

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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 when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

12-05-2023

#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

 

 

Improve Your Trading Skills

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


Economic Reports,

Source: 

Forexfactory.com

716c68dc 2449 4f45 bad8 8b24c78d975d

 

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.

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.