Support and Resistance levels for 8.10.2017

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There will be no market commentary today.

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.

Continue reading “Support and Resistance levels for 8.10.2017”

Support and Resistance levels for 8.09.2017

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There will be no market commentary today.

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.

Continue reading “Support and Resistance levels for 8.09.2017”

Support and Resistance levels for 8.08.2017

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There will be no market commentary today.

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.

Continue reading “Support and Resistance levels for 8.08.2017”

Support and Resistance levels for 8.04.2017

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There will be no market commentary today.

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.

Continue reading “Support and Resistance levels for 8.04.2017”

Support and Resistance levels for 8.02.2017

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There will be no market commentary today.

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.

Continue reading “Support and Resistance levels for 8.02.2017”

Support and Resistance Levels for 8.01.2017

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There will be no market commentary today.

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.

Continue reading “Support and Resistance Levels for 8.01.2017”

Live Cattle Chart for Review along with Support and Resistance levels for Friday 7.28.2017

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Chart of the day for review:

October cattle to fill the gap at 117 level on a counter trend bounce?

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FOMC is behind us. There other markets to daytrade besides the ES….. 7.27.2017

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FOMC is behind us. No surprises today and reaction so far has been mild. Metals up, bonds up and stocks slightly down.

The REAL reaction is usually the next day….

I have spoken to many different clients these past few months, discussing some other markets I like to follow and think are suitable for day trading. While the ES is the most liquid, over the last few years we have seen way too many “dead days”. There is nothing wrong with “dead days”, some traders LOVE those quiet, choppy days. I don’t.

Take a look at markets like crude oil, gold, bonds. Observe for a few days if you have not before. Get a feel for their personality and behaviour and feel free to call any of our professional brokers at + 310 859 9572 with any questions. We will be happy to provide feedback and answer questions.

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Crude Oil and Saudi Arabia 7.26.2017

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Oil: Economic Landscape of Saudi Arabia

Highlights:

  • Saudi Arabia’s currency reserves drained by decline in oil prices
  • Listing of state oil company Aramco could bolster Saudi finances
  • Proceeds to be used to diversify Saudi economy from oil
  • A 5% stake in Aramco could be worth $1-$2 trillion

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Mini NASDAQ Chart 7.25.2017

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Earning season is in full affect. Most earnings report after close usually.

In between NASDAQ made a new high, again….and stock index futures are some what back to lower volatility, summer type of trading.

On the other hand Crude Oil, gold, grains and few other markets are experiencing good ranges and above average volatility.

My opinion is that if you are a day trader primarily, you need to follow minimum of 2 markets, I like following 3 markets.

Certain days, different markets will offer different opportunities as well as risks. Some days one of the markets might be “dead” while others are moving and according to your preferred style and market environment you like, you can focus on those markets.

Continue reading “Mini NASDAQ Chart 7.25.2017”