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Category: Future Trading News

As a high risk trading type, futures trading is not for someone who is faint-hearted. Though there are a number of different ways of investing in futures , it is important to stick to what you know. Treading into unknown waters is not something that you should do when dealing in futures.

From managing margins to ordering trades to doing market analysis and more if you want to, you can do that all by yourself – but you may betaking double the risk. Therefore, when trading in futures, it may be better to seek advice from a professional trader.

Professional trading experts at Cannon Trading can help you with your futures trading. We are also there to keep you updated with the latest on futures trading and market news. All the news and latest articles on futures trading are published on our site under the category Archive Futures Trading News, which you are currently browsing through. Read more and the latest here and keep updated.

Trading Levels and Reports for January 25, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday January 25, 2013

 

Hello Traders,

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

We hit a major resistance level today at 1497. The market backed down but not too much for now.How the market behaves around major support and resistance levels is important, so monitor price action over the next few days for clues if we are about to retrace lower ( a break below 1482 can trigger move back to 1455) OR if the market can break the 1497-1500 ( mini SP500) level and trade above it which may signal one more leg up to 1530.If you are a stock index traders, make sure you are aware what earnings are scheduled and when as these earnings definitely affect the index futures.

Here is highlights of earnings schedule for tomorrow:

25. JAN. 2013    Today´s Highlighted Earnings Releases btn fullList
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misc enhanced SYMBOL COMPANY EVENT TITLE EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTUAL DATE/TIME (ET)
misc enhanced PG Procter & Gamble Co Q2 2013 The Procter & Gamble Company Earnings Release $ 1.11 n/a $ 1.10 25-Jan BMO
misc enhanced HON Honeywell International Inc Q4 2012 Honeywell Earnings Release $ 1.09 n/a $ 1.05 25-Jan BMO
misc enhanced HAL Halliburton Co Q4 2012 Halliburton Company Earnings Release n/a n/a n/a 25-Jan BMO
misc enhanced COV Covidien PLC Q1 2013 Covidien plc Earnings Release $ 1.06 n/a $ 1.13 25-Jan BMO
misc enhanced WY Weyerhaeuser Co Q4 2012 Weyerhaeuser Co. Earnings Release $ 0.20 n/a $ 0.14 25-Jan BMO
KMB Kimberly-Clark Corp Q4 2012 Kimberly-Clark Earnings Release $ 1.35 n/a $ 1.28 25-Jan BMO
spacer

 

Trading Levels and Reports for January 24, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday January 24, 2013

 

Hello Traders,

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

Very tight range today ahead of Apples earnings.If you are a stock index traders, make sure you are aware what earnings are scheduled and when as these earnings definitely affect the index futures.
Here is highlights of earnings schedule for tomorrow:

24. JAN. 2013    Today´s Highlighted Earnings Releases btn fullList
spacer
misc enhanced SYMBOL COMPANY EVENT TITLE EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTUAL DATE/TIME (ET)
misc enhanced BMY Bristol-Myers Squibb Co Q4 2012 Bristol-Myers Squibb Earnings Release $ 0.43 n/a $ 0.53 24-Jan BMO
misc enhanced JNPR Juniper Networks Inc Q4 2012 Juniper Networks Earnings Release $ 0.22 n/a $ 0.28 24-Jan AMC
misc enhanced BAX Baxter International Inc Q4 2012 Baxter International Inc. Earnings Release $ 1.26 n/a $ 1.17 24-Jan BMO
misc enhanced LMT Lockheed Martin Corp Q4 2012 Lockheed Martin Earnings Release $ 1.82 n/a $ 2.14 24-Jan BMO
misc enhanced SBUX Starbucks Corp Q1 2013 Starbucks Earnings Release $ 0.57 n/a $ 0.50 24-Jan AMC
misc enhanced RTN Raytheon Co Q4 2012 Raytheon Earnings Release $ 1.31 n/a $ 1.58 24-Jan 7:00 AM

 

Trading Levels and Reports for January 23, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday January 23, 2013

 

Hello Traders,

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

Market continues to extend it’s rally and we are getting close to what I consider major resistance right at 1498 (which is almost the same as the psychological 1500 level). Personally, I like to see the market price action going down before entering a short trade, i.e just because we are getting close to the major resistance levels does not mean I will enter a short, BUT if price action generates a sell signal, it will give me more confidence in taking that short. Until then I will be watching for this possible swing/medium term type of trade and will do my best not to let it interfere with day-trades set up which are a whole different time frame.
mini sp 500 daily chart jan 22 2013

 

Trading Levels and Reports for January 18, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday January 18, 2013

 

Hello Traders,

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

Today I don’t have any words of wisdom or market outlook to share, so I will just wish everyone a nice rest of the day and a great trading day tomorrow.
Levels and reports for your review below.

 

Trading Levels and Reports for January 17, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday January 17, 2013

 

Hello Traders,

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

Last few days we witnessed lower than average volume and volatility. Tight ranges relatively.
Different type of market environments, require different techniques in my opinion. Understand the market environment you are trading in and adjust accordingly.

 

Trading Levels and Reports for January 16, 2012

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday January 16, 2013

 

Hello Traders,

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

 

Risk Management for Technical Traders [Interview Excerpt]

Tips from EWI Senior Analyst Jeffrey Kennedy’s Stocks and Commodities interview
By Elliott Wave International

“Being an analyst and trader involves two totally separate skill sets. As an analyst, you are a master of observation. You are focusing on what could happen. As a trader, your primary focus is on what is happening…” Read more.

 

Trading Levels and Reports for January 15, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday January 15, 2013

 

Hello Traders,

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

 

Using Volume Charts for Day-Trading:

 

My theory is that when it comes to short term day trading, volume is much more important than time, hence I use volume bars/charts quite a bit. I use bars of between 1,000 to 18,000 contracts traded (pending the specific market, based on recent volatility, average daily trade volume and a few other factors). That means that instead of bars completing based on time frame (i.e. 1 minute or 15 minutes etc.), I use volume instead of time. So each time X,000 contracts traded, a new bar will complete. When the specific market has high volume and is moving fast, the bars will complete faster. When market is in low volume without much action, the bars will complete slower.

 

For me personally, this has helped getting signals ahead of time when there is fast action in the market and avoiding false signals when volume is low.

 

Trading Levels and Reports for January 11, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday January 11, 2013

 

Hello Traders,

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

 

Weekly chart of the Dow Jones Industrial cash index for your review and longer term perspective.
We closed today right at major resistance so action over next few days is important to watch as it may dictate if we going to make another run up or see the market correct. Time will tell…
DJIA weekly chart

 

Trading Levels and Reports for January 10, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday January 10, 2013

 

Hello Traders,

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

 

Some days are just losing days….Don’t fight it. You will have losing days. I have been in the futures industry for 15 years now and never have I met a trader who did not have a losing day…and  I will never meet one….impossible. 

Understand it and accept it.  One of your hardest jobs as a day trader is to make sure a losing day does NOT become a disaster…Our human emotions and our brain is not programmed very well to learn how to lose. Yet one of the key differences between traders and those who try to become “traders”…is that traders first learn how to lose. They understand losing is part of trading. The others, refuse to take a lose and will make many mistakes along the way to make a “normal losing” day into a disaster. That may be carrying positions overnight when they normally don’t, reversing, pyramiding and many other mistakes that they would normally not make. That turns a “normal losing day” (maybe for an acct of $10,000, a normal losing day would be down $500?) into one of those days where they wipe out half of their account.

 

Sometimes we need to learn how to lose before we can excel in trading.

 

Trading Levels and Reports for January 9, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday January 9, 2012

 

Hello Traders,

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

 

Daily chart of the mini SP 500 for your review below. While I still think the medium term outlook for this market is higher, I believe that we may see”filling the gap” around 1428 before a move higher.
mini Sp 500 daily chart

 

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.