BIG Grains Report Tomorrow! 2.09.2017

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Big market mover report tomorrow in the grains sector, from the CME group: 

Industry experts preview the February 9 USDA WASDE report and discuss impacts to supply and demand fundamentals along with trading opportunities for the current environment.  

Watch video

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Will 2017 be the Year of Risk? 2.08.2017

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An interesting video to watch, from the CME group: 

Equities: Will 2017 be the Year of Sector Risk? 

Watch video

On a different note, if you are a crude trader, don’t forget we have crude inventories report at 9:30 AM Central time.

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Another Leg Up in Gold Futures 2.07.2017

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Nice upside breakout on gold! I included a daily chart for your review below along with support/ resistance levels – possible targets. 

On the other hand, ANOTHER LOW volatility, low volume, “dead action” in stock index futures. The last time I remember this was around summer of 2014 and December of 2013 where the ATR was less than 13 for more than a few days. Both times we witnessed a pretty good sell off following the tight ranges/ low volatility. No one can tell if this is what will happen next as the most famous disclaimer in our industry says: “Past performance is not indicative of future results” ….. 

Gold Daily chart:

GCE - Gold (Globex)Daily Chart, Equalized Active Daily Continuation

Unemployment Report Tomorrow 2.03.2017

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Friday, February 3rd
US January Non-Farm Payroll Report
Friday 08:30 EST /13:30GMT
(US) Jan Change in Non-farm Payrolls
(US) Jan Change in Private Payrolls
(US) Jan Change in Manufacturing Payrolls
What the News Desk Says www.TradeTheNews.com
In December unemployment was in line with expectations at 4.7%, while the non-farm payroll number was a little less than expected 156K net gain. Of note, average hourly earnings hit their highest level since 2009, rising +2.9% y/y, a positive indicator for wage growth.
Watch for more signs of wage inflation in Friday’s employment data. The headline numbers are expected to be steady, with the joblessness rate unchanged and another 170K gain in payrolls in January… more

FOMC tomorrow Feb. 1st + trading levels! 2.01.2017

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* Big day tomorrow.

We have FOMC, crude oil numbers. It is also the first day of the trading month for February as well as ADP employment figures…..Little note about trading on FOMC below: 

** The FOMC interest rate decision is due at 2:15 ET in the US tomorrow.

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

The following are suggestions on trading during FOMC days:

  • Reduce trading size
  • Be extra picky = no trade is better than a bad trade
  • Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 2265.00 with a stop at 2259.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2259.75 and place a stop a few points below in this hypothetical example.
  • Expect the higher volatility during and right after the announcement
  • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • Be patient and be disciplined

Continue reading “FOMC tomorrow Feb. 1st + trading levels! 2.01.2017”

Last Trading Day of the Month…..1.31.2017

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* Little more volatility to start the week than we have seen in a while….If you follow this blog, you probably read the following more than a few times over the years….Volatility is a cycle and it is rare that volatility remains extremely high or extremely low….I anticipate some higher volatility soon and who knows, between earning season and FOMC this Wednesday, we may actually see it sooner than later…. 

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Dow Cash at 20,000 1.26.2017

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* Dow Cash at 20,000!!

Monthly chart for your review below:

DJ Industrial Average Monthly  

**No words of wisdom today…OTHER than “don’t fight the trend….” 

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E-Futures International 1.25.2017

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* Did you know that with our E-Futures International platform:

  • You don’t pay a monthly fee?
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  • You have access to trading ALGOs developed for daytrading?
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  • You have access to news, charts, research and much more!

If you have not done so yet – try it now for free.

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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.

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