Free Futures Trading eBook by Cannon Trading

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday February 11, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Fresh off the press is Cannon Trading’s new eBook! Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:

  • A plan with steps for success
  • The top mistakes traders make daily
  • How to handle the market noise
  • And much more!

The futures industry is complex and risky, which is why you need someone to be forthright with you….

Futures Forthright eBook

To download “Cannon Trading’s new eBook”, please click on the link and fill out this form: https://www.cannontrading.com/tools/futures_forthright_ebookbelow 

Continue reading “Free Futures Trading eBook by Cannon Trading”

Globex & ICE Presidents Day Holiday Schedule 2016

Globex® Presidents Day Holiday Schedule 

*Dates and times are subject to change

 

Presidents Day Holiday Schedule: February  12, 2016 – February 16, 2016
Trade Date Friday, February 12 Tuesday, February 16
Date Friday, February 12 Sunday, February 14 Monday, February 15 Tuesday, February 16
Close Open Halt Open
CME Group
Equity Indices Regular Regular 12:00 Regular
Interest Rates Regular Regular 12:00 Regular
FX Regular Regular 12:00 Regular
Grains and Oilseeds Regular Closed Closed Regular
Mini-Sized Grains and Oilseeds Regular Closed Closed Regular
MGEX Hard Red Spring Wheat Regular Closed Closed Regular
Dairy 13:55 Closed Closed Regular
Livestock 13:55 Closed Closed 9:05
Lumber 13:55 Closed Closed 9:00
NYMEX & COMEX Regular Regular 12:00 Regular
ICE US
Softs Regular Closed Closed Regular
US Dollar Index Regular Regular 12:00 Regular
Russell Equity Index Regular Regular 12:00 Regular
Metals (Previously NYSE LIFFE) Regular Regular 12:00 Regular
ICE Europe
Financials (previously on LIFFE) 15:15 Regular 12:00 Regular
Energies Regular Regular Regular Regular
CFE/CBOE
Vix Regular Closed 10:30 Regular

Continue reading “Globex & ICE Presidents Day Holiday Schedule 2016”

Free Futures Educational Reads 2.10.2016

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday February 10, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Futures Options Trading Strategies 2.04.2016

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday February 4, 2016

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

A little bit about options below……If you like to download

Market Strategies 1. Bullish Market Strategies

Futures Options Trading
Spread Strategy
Description Reason to Use When to Use
Buy a call Strongest bullish option position Loss limited to premium Undervalued option with volatility increasing
Sell a put Neutral bullish option position Profit limited to debt Small debit, bullish market
Vertical Bull Calls Buy call, sell call of higher strike price Loss limited to debt Small debit, bullish market
Vertical Bull Puts Buy put, sell put of higher strike price Loss limited to price difference Large credit, bullish market

Continue reading “Futures Options Trading Strategies 2.04.2016”

Spotting Clues Day Trading Futures 2.02.2016

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Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday February 2, 2016

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Getting Clues from other markets?

When day-trading a specific market do you only look at the chart for that specific market? maybe you took it a step further and you are viewing multiple time frame charts for the same market which is a good step in my eyes.

Now lets take this even one step further by observing what markets have correlation, direct or inverse to the market you are trading, perhaps this can help you make decisions when trading.

I will give a few examples from my experience:
When I am in a position in the mini SP 500, I will often observe what the bonds are doing ( many times inverse correlation), I will take notice of what the Dow, Russell and NASDAQ are doing as well ( direct correlation)

If I am trading crude oil, I will many times pay attention to what unleaded gas and heating oil are doing (very close, although not direct correlation) as well as what WTI crude is doing.

Continue reading “Spotting Clues Day Trading Futures 2.02.2016”

Heiken-Ashi US Bonds Chart 1.28.2016

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Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday January 29, 2016

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Tomorrow is the last trading day for January 2016.
We also have quite a bit of economic numbers to watch for.
An example I like to share from my trading journal is regarding trading the 30 year bonds. my notes say that usually on the last trading day of the month, bonds will have some very big moves during the 15:45 to 14:00 central time which corresponds to the close of the pit session. Go back in your 10 minute charts and see what bonds do on the last trading day of the month towards the close of the pit session.

Continue reading “Heiken-Ashi US Bonds Chart 1.28.2016”

FOMC – Today was a Market Mover 1.28.2016

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Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday January 28, 2016

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

 FOMC today was a market mover. Some analysis via cnn.com ( source:
:  http://money.cnn.com/2016/01/27/news/economy/federal-reserve-january-meeting/index.html?iid=hp-stack-dom

Global Gloom is Raising Eyebrows at the Federal Reserve.

 At the end of its two-day meeting Wednesday, the U.S. central bank acknowledged that the U.S. economy lost momentum at the end of 2015.

“Economic growth slowed late last year,” the Fed’s committee said in its statement, noting that the job market had improved.
U.S. stocks didn’t react well to the Fed’s statement. The Dow, which was up about 10 points before the release, dropped down 230 points points after the Fed’s announcement.
In a widely expected decision, the Fed’s committee also decided not to raise its key interest rate. Just a month ago, in December, the Fed raised rates for the first time in nearly a decade.
Despite its worries, the Fed stopped short of saying that the volatility in January will change its plans to raise rates at least four times for the rest of 2016. The committee noted that it’s “monitoring global economic and financial developments.”

Continue reading “FOMC – Today was a Market Mover 1.28.2016”

FOMC Tomorrow 1.27.2016

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday January 27, 2016

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

The FOMC interest rate decision is due at 2:15 ET in the US tomorrow ( Wednesday, Jan. 27th ). Also more than a few economic numbers ahead of the announcement.

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.

Continue reading “FOMC Tomorrow 1.27.2016”

Dow Heikin-Ashi Chart 1.21.2016

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday January 21, 2016

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Tremendous volatility. ADJUST AND ADAPT. These past few weeks market conditions with index futures are not even close to what we saw back in May or June of last year…..do your homework!!

Weekly chart of the CASH DOW JONES INDEX for your review below: 

Dow Heikin-Ashi Chart - Jan 21st 2016