Open An Account
Free Demo Account Subscribe Here

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!

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

Posted on July 31, 2014September 4, 2014 by Ilan

Hello Traders,

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

Voted Number 1 futures trading blog!

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 October 18, 2012September 15, 2014 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

Also please like us on Facebook!!

Trading Levels & Economic Reports for 10-19-2011

Posted on October 18, 2011September 11, 2014 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 September 28, 2011September 11, 2014 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”