Daily Support & Resistance Levels

  Like us on FaceBook! www.facebook.com/CannonTrading Get Real Time updates and market alerts on Twitter! Dear Traders, Tomorrow is an anticipated unemployment report which may be the first one to give us an indication of the COVID impact. I suspect the report can create even higher...

  Like us on FaceBook! www.facebook.com/CannonTrading Get Real Time updates and market alerts on Twitter! Dear Traders, Many clients have asked me “The moves are so wild, I am almost always getting stopped out unless I have deep reserves or willing to take large stops” Not...

  Like us on FaceBook! www.facebook.com/CannonTrading Get Real Time updates and market alerts on Twitter! Dear Traders, To be honest, no words of wisdom today to share….Watch out for the volatile energy sector with tomorrow’s 10:30 AM EST inventory numbers. However, for those of you who...

  Like us on FaceBook! www.facebook.com/CannonTrading Get Real Time updates and market alerts on Twitter! Dear Traders, Volatility in diff. markets is still high. I personally recommend lowering trading size/ possibly trading MICROS during these times, otherwise the fear and greed factor is too intense for...

  Like us on FaceBook! www.facebook.com/CannonTrading Get Real Time updates and market alerts on Twitter! Dear Traders, I am wishing everyone an excellent, healthy and productive month of May. Plan your trade, trade your plan!   Good Trading Trading Futures, Options on Futures, Gold Futures, and...

  Like us on FaceBook! www.facebook.com/CannonTrading Get Real Time updates and market alerts on Twitter! Dear Traders, Tomorrow is also the last trading day of the month. I noticed that sometimes the last and first trading days of the month will have larger than normal moves....

  Like us on FaceBook! www.facebook.com/CannonTrading Get Real Time updates and market alerts on Twitter! Dear Traders, I think the mini Russell 2000 has been the leader as far as direction of stock index futures. Below you will see a daily chart along with the 50%...

  Like us on FaceBook! www.facebook.com/CannonTrading Get Real Time updates and market alerts on Twitter! Dear Traders, Futures Trading 101: Trading Around Economic Reports There are also a number of different approaches to trading, including day trading, swing trading and position trading. There are strategies that...

  Like us on FaceBook! www.facebook.com/CannonTrading Get Real Time updates and market alerts on Twitter! Dear Traders, Negative Crude Oil Prices?? It is perhaps even more confusing than seeing negative interest rates to see negative oil prices. Both occurrences are quite rare, and there isn’t a...

  Like us on FaceBook! www.facebook.com/CannonTrading Get Real Time updates and market alerts on Twitter! Dear Traders, My support levels for Crude Oil futures ( see below) are showing some NEGATIVE values!! I never seen this until yesterday…. A more in depth piece on negative commodity...