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Category: Financial Futures

If one has to define financial futures, it is pretty simple. A financial future is basically a futures contract agreed upon on a short term or long term rate of interest. There are a number of representative financial futures contracts. Financial futures trading also requires you to understand some typical financial terms and terminology. Most popular are the treasury bonds futures in this category. Under this category archive, you will be able to learn and understand the different aspects of financial futures, through the write-ups we have listed for the readers.

Cannon Trading can provide assistance. We can provide you with professional advice and help. Whether you approach us for consultation on day trading, crude oil trading or for advice on financial futures, we can give you the answers and solutions that qualify us as one of the best. Another resource that we help you out with is information and knowledge based category archives. This particular category of blogs features extensive and exclusive information on financial futures. Read about it and equip yourself!

Trading Videos+ Trading Levels for June 4th

Posted on by Ilan

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Dear Traders,

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Trading 101: Trading videos on bollinger bands, Parabolics, Trading levels, Range Bars and more!
Watch the latest trading videos we have posted and shared with our clients!
In this week’s newsletter we are sharing two videos, each a few minutes long. The videos discuss practical tips for trading and sharing our experience with you
1. Using bollinger Bands as a possible tool for exiting trades
2. One way you can use the Parabolics study ( also known as PSAR) to manage current positions, possibly as a trailing stop
3. Different ways traders can utilize support and resistance levels in their trading.
4. Entering trades on a stop, using “price confirmation”.
5. Utilizing Range Bar charts for shorter term trading as a way to try and filter out some noise.
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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.

 

Futures Trading Levels

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Economic Reports, source: 

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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.

Bonds Futures and Crude Oil Futures Unique Patterns

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Time sure does tick a bit different in the commodities and futures world….

Some traders know time has passed quickly when it is time to change to the Dec. contract versus the Sept. contract, others may notice it when they think “wow, monthly unemployment is this Friday, time sure flies…” and still other traders, perhaps professionals and money managers notice it when one month ends and another starts and it is time to share monthly results with their clients…..

Either way you look at it, hope October will be a great trading month!

Today I noticed a couple of market behaviors I have noticed in the past and wanted to share with you.

The first is us Bonds trading behavior on the last trading day of the month on the last 15 minutes of the old pit session, i.e. 13:45 to 14:00 central time.

While I did not spend any time trying to predict the direction of the move, I seen it many times, the bonds will make a 10-15 ticks ( 15 tick in bonds = $500 per contract) move during the last 15 minutes as large traders position themselves ahead of months close.

Below is a 15 minute chart of Bonds from today….notice the very tight range all day long until the last 15 minutes….if you go back to the last trading day of the month, you will notice this pattern more often than not. Of course, I leave the important work to you…and that is which way and how can one try to take advantage of it….PS: My trade system below missed entering the short by 1 tick )-:

 

Custom USA - 30Yr US Treasury Bonds (Globex), Equalized Active 15Min Continuation
Custom USA – 30Yr US Treasury Bonds (Globex), Equalized Active 15Min Continuation

 

The second pattern for you to investigate if interested is the behavior of crude oil futures around “round numbers”. Today was obviously a HUGE move in crude ( down over $3 or $3000 per contract or 3.5%) but notice the 10 seconds chart I am sharing with ( yes, seconds, not minutes…) of what happened when crude broke below 93.00 and 92.00 today…..Once again, the million dollar question, how and can you take advantage of it? Obviously in this case it seems like there were MANY sell stops placed right below the round numbers which resulted in another accelerated move to the down side.

Crude breaking below $93.00

 

CLE - Crude Light (Globex), Equalized Active Continuation, Primary Session, 10Sec
CLE – Crude Light (Globex), Equalized Active Continuation, Primary Session, 10Sec

 

Crude breaking below $92.00

CLE - Crude Light (Globex), Equalized Active Continuation, Primary Session, 10Sec
CLE – Crude Light (Globex), Equalized Active Continuation, Primary Session, 10Sec

 

Continue reading “Bonds Futures and Crude Oil Futures Unique Patterns”

Volatility Returns to Stock Index Futures – Levels & reports for August 5th

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

As I do from time to time, I like to share resources I feel are worthy of exploring, such is the one below by www.factset.com :

Overview:

  • US equities came under pressure this week as the S&P 500 suffered its biggest weekly pullback in over two years. Despite the magnitude of the move, there was not an overriding theme that captured the price action.
  • Widely cited headwinds included Fed angst, geopolitical tensions, disappointing earnings, the latest flare-up on the Eurozone periphery, the slowdown in the housing recovery, Argentina’s default, fatigue, technical and continued worries about stretched valuations and crowded trades.
  • However, there were notable pockets of reprieve surrounding some of these concerns, particularly when it came to monetary policy and earnings. In addition, geopolitics has not proved to be a sustainable directional driver, while the tipping point search has been in play for a while.
  • While largely on the backburner, there were some positive dynamics at work this week. The pickup in strategic M&A activity continued, while there more signs of stabilization in China, where the Shanghai Composite bucked the sell off in global equities with a nearly 3% rally.
  • There did not seem to be any great signals from the sector performance this week with the broad-based nature of the risk-off trade and company-specific takeaways from a very busy week of earnings. Energy and industrials put in the worst performance, while telecom held up the best.

Fed angst finds some reprieve:

  • Worries about the Fed being behind the curve and the potential for an earlier and more aggressive start to the policy normalization process continued to get a lot of attention as a source of market angst this week. There were two particular areas of focus. One was the 4% growth in Q2 GDP, which was a full point ahead of the consensus. The other was the 0.7% increase in the Q2 employment cost index (ECI), which was ahead of the 0.5% consensus and marked the fast growth in six years. The hotter ECI print was of particular interest because it followed on the heels of an FOMC statement that hedged an upgrade of the assessment of the labor market by noting that a range of indicators suggest a significant underutilization of labor resources. However, there was some reprieve late in the week as average hourly earnings were flat in July, leaving them up just 2.0% y/y. This compared to expectations for a 0.2% m/m and 2.2% y/y increase. In addition, while a sixth straight month of nonfarm payrolls growth above 200K kept the recovery traction theme in focus, the 209K was slightly below expectations and not robust enough to impact liftoff expectations. Finally, despite the hype surrounding Fed fears, yields in the front and belly of the curve were actually lower on the week.

Continue reading “Volatility Returns to Stock Index Futures – Levels & reports for August 5th”

Stock Indices React to FOMC with Largest One Day Drop in 4 Months – Aug 1st Levels

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

I have noticed many times in the past that the “real direction to FOMC announcements, will usually come the following day”. Today was a perfect example of it…..

Last time we had a meaningful correction in the SP500 was April 4th. The correction lasted 10 days and measured 90 SP points from peak to valley 1885 to 1795 as you can see in the chart below ( sounds like I am talking about earthquakes….).If symmetry decides to give us a similar reaction we can see 1896 as the next target. In between we have a support zone at 1913 – 1918 first.

 

Daily chart of the Sept. mini SP 500 with the different levels for your review below:

 

EP - E-Mini S&P 500 Equalized Active Daily Continuation
EP – E-Mini S&P 500 Equalized Active Daily Continuation

Continue reading “Stock Indices React to FOMC with Largest One Day Drop in 4 Months – Aug 1st Levels”

Trading Levels and Reports for October 19, 2012

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, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday October 19, 2012

 

Hello Traders,

I was talking to a client of mine about “other markets to trade other than the mini SP” and we were chatting on how the mini SP market has many institutions and large size traders which sometimes make it harder to get filled on limit orders. Not just that, the mini SP500 simply has a different “personality” than most other markets…Don’t get me wrong, I like the mini SP a lot because it CAN handle volume. If you are looking at other markets, than the mini Nasdaq 100 might be another stock index to look at.

 

When it comes to crude oil, I just found out today that BRENT CRUDE which trades on ICE Europe actually has higher volume…..

Just some food for thought and “knowledge sharing”

Chart of BRENT CRUDE OIL ( “north sea crude”  ) below for your review:

 

Intra day Ice Brent Crude Futures

 

If you would like to have a trial of the above charting software visit:

https://www.cannontrading.com/software/transact-at

 

 

Trading Levels & Economic Reports for 10-19-2011

Posted on by Ilan

In this post: 1. Market Commentary 2. Support and Resistance Levels 3. Daily Mini Mini S&P 500 Futures Chart divider black 190

1. Market Commentary

Tremendous volatility across the markets today with some news out of Europe moving most markets much higher. As far as the daily chart, I am now confused again….I got tempted on the short side and got burnt very quickly today….Once again there is a CASE for both sides, bulls and the bears and the potential for a BIG MOVE EITHER WAY is greater than normal as we are sitting on important price levels in the SP500, which has been the leader for the rest of the markets as of the last few weeks. Fast and furious moves like we have seen today encourage me to revisit the point of using AUTO stops when day trading. Many traders will disagree with me but I have seen the markets make such fast moves that by the time one decides where and when to place a stop…the market already made a very powerful move against you. I think that as a day trader who is looking to only make a few ticks on the trade, you should decide on the appropriate worst case scenario stop ( measured in ticks or $$) and use your trading software to place these stops and/ or targets as soon as you enter your position. Most of our trading platforms have that feature and your broker will be more than happy to review it with you. Continue reading “Trading Levels & Economic Reports for 10-19-2011”

Market Analysis of the S&P500 PIT Session Hourly Chart | Support and Resistance Levels

Posted on by Ilan

In this post:

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

divider black 190

1. Market Commentary

I am back talking about the gaps and the PIT session SP500 as I have been for the last few days.

We closed the gap at 1159 going down today and a look at hourly chart suggest that the short term gaps are all filled. Bit oversold on the downside but overall my indicators suggest short to medium term further downside pressure – however the market will need to take out 1070 before we can see another leg down, until then we should see volatility both ways. Continue reading “Market Analysis of the S&P500 PIT Session Hourly Chart | Support and Resistance Levels”

Futures Trading Levels, Watch for the Federal Budget Balance Tomorrow

Posted on by Ilan

Cannon Trading / E-Futures.com

June To September Rollover Notice

Please note that we are now trading September indices as well as September currencies.

Make sure you DO NOT HOLD ANY JUNE CURRENCIES in your account.

Should you have any further questions please contact your futures broker. Continue reading “Futures Trading Levels, Watch for the Federal Budget Balance Tomorrow”

Futures Trading Levels and Economic Reports for December 13th 2010

Posted on by Ilan

December to March Rollover Notice

We are now trading MARCH contracts for all e-minis, stock indices, financials and CURRENCIES.

I think next week we should see some volatility with economic reports due along with FOMC. Please see next reports below.

I think the following quote is so appropriate in our business….

“One cannot do anything about yesterday”

Wishing you a great weekend. Continue reading “Futures Trading Levels and Economic Reports for December 13th 2010”

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.