Futures Trading Levels and Economic Reports for May 15, 2013

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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 May 15, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Below is a daily chart of the mini Russell 2000 for review with potential extensions to the top side along with possible support lines.

Continue reading “Futures Trading Levels and Economic Reports for May 15, 2013”

Futures Trading Levels and Economic Reports for May 14, 2013

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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 Tuesday May 14, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

The last 10 days or so we have seen most sessions to behave like today: Narrow range, low volume, “manipulated market feeling”. Characteristics I personally DEFINITELY don’t like for day trading. But the bottom line the market is what the market is and as traders we need to understand the type of market we are in and adjust as quickly as possible.

Continue reading “Futures Trading Levels and Economic Reports for May 14, 2013”

Futures Trading Levels and Economic Reports for May 10, 2013

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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 Friday May 10, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

 

Not much to write today but I could not believe this article…I guess each of us can make his/ hers own conclusions but to me this reads: ” something is not kosher”!

 

Continue reading “Futures Trading Levels and Economic Reports for May 10, 2013”

Trading Levels and Economic Reports for May 9, 2013

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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 May 9, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

 

Not sure what to make out of the recent “mini rally” in stock index. Low volume or not, the bottom line is that prices are edging higher.

 

What I PERSONALLY don’t like, is the lack of volatility intraday and the tight ranges along with the feeling that the market is being “manipulated”. That being said, we all need to learn to trade different types of markets at different times and be able to take what the market gives us and not what we wish it would….

 

In between I am sharing a screen shot from the ONLY stock index future I had a successful set up in today…the Mini Russell:

 

Futures Trading Levels and Reports for May 7, 2013

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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 Tuesday May 7, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

 

We started this week very quietly, especially compare to last week. Much lower volume and narrower trading range.

 

Last week we had a slew of reports and events and the daily ranges were wider than the average ( take a look at the Mini Dow Jones daily chart below and the ATR, average true range study in it). This week we started quietly and there is not much activity ahead on the economic calendar until Thursday.

Try to get a feel for the market early in the day by looking at the overnight range as well as the range of the first trading hour after cash open. This can help you estimate what type of range/ volatility we may have and adjust your trading parameters accordingly.

Continue reading “Futures Trading Levels and Reports for May 7, 2013”

Trading Levels and Economic Reports for May 3, 2013

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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 Friday May 3, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

 

Some big moves took place over the last few days with different reports here in the US as well as in Europe.

Tomorrow we have monthly non farm payroll, another market moving report, coming out early in the morning, an hour before the cash open.
Here is some info about this report:

Continue reading “Trading Levels and Economic Reports for May 3, 2013”

Trading Levels and Economic Reports for May 2, 2013

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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 May 2, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

 

FOMC is now behind us and stock index futures look a little more vulnerable than before. My experience sugessts that many times, the bigger move and the direction of the move will take place the day followingn the FOMC, so I will close attention to market action tomorrow.

In between some good “trading , reading material ” to share with you:

Continue reading “Trading Levels and Economic Reports for May 2, 2013”

FOMC + Trading Levels and Economic Reports for May 1, 2013

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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 May 1, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

The next 3 days can experience quite a bit of volatility in variety of markets.
We have ADP employment report tomorrow VERY early. Midday we will have FOMC. Thursday will start with rate decision over the EU and Friday is the monthly non farm payroll report. All these reports are market moving and will affect stock index futures, financials, metals, energies and other markets.

Continue reading “FOMC + Trading Levels and Economic Reports for May 1, 2013”

Levels and Economic Reports for April 30, 2013

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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 Tuesday April 30, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

 

This month we witnessed some big moves in crude oil market. Sharp sell off followed by strong bounce. The market is now approaching the 95 level, which is approximately 76% Fibonacci level and may act as a decision level to whether crude wil continue higher or resume the sell off that started earlier this month.

Daily chart for your review below

 

crude oil daily chart

 

 

 

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