Futures Trading Levels and Weekly Newsletter for January 13, 2011

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Futures Trading Levels and Economic Reports for January 12, 2011

Market is still locked in a range….so far in 2011, the March SP500 been trading between 1255 and 1277….My feeling is that by Thursday we should break out one way or the other as the market awaits some economic reports and earnings are being released.

In between, you are welcome to check out our “Live Charts” service which I run daily.

Subscribers get a daily invitation to view my charts ( sample from todays session below). I share my charts, notes, set ups, trade philosophy and more for the mini SP, crude oil and Euro currency markets. For 2 week free trial (no repeat trials), please visit:

https://www.cannontrading.com/tools/intraday-futures-trading-signals

SP-500-Day-Trading-2011-01-12

There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products.
Past performance is not indicative of future results. Continue reading “Futures Trading Levels and Economic Reports for January 12, 2011”

Futures Trading Levels and Economic Reports for January 11, 2010

Interesting DATE tomorrow…1-11-11

Other than that I don’t have much to share, market is still waiting for either another leg up or correction to the downside.

I am looking at 1255 to 1273 as the band and think that an hourly close above or below can trigger the next move.

Plan your trade, trade your plan!

Mini SP hourly chart for your review below:

SP-500-Day-Trading-2011-01-10

Continue reading “Futures Trading Levels and Economic Reports for January 11, 2010”

Futures Trading Levels and Tips for January 10, 2011

Trading is SO MUCH MENTAL once you have a concept you believe in, have confidence in. After that there is a lot of psychological work….

Some examples:

  1. Ability to take losses and know not every trade will be a winner and not every day will be a winning day

  2. Ability to stay patient and NOT feel that if you are NOT trading, you are NOT doing your job….

  3. The confidence to stay in winning trades and the discipline to get out of losing trades

  4. Allowing trades some time to work

  5. Not getting down on yourself for “could have should have etc”

  6. Being a hard worker and keeping a journal after certain trading days. Being  a hard worker in putting time and effort learning new approaches, set ups before deciding if its worthy or not. I WILL SAVE THIS LITTLE LIST AND ADD TO IT AS DAYS PROGRESS. Continue reading “Futures Trading Levels and Tips for January 10, 2011”

Futures Trading Levels and Economic Reports for January 7, 2010

Daily chart of the SP cash index below….I got a potential sell set up if CASH goes below  1270.

We have monthly unemployment tomorrow before the CASH market opens, so it will be interesting to see how the market reacts.

Either way, make sure you have a trading plan and that you are comfortable with the risk – reward associated with your trading plan so you can have the confidence to execute it.

SP-500-Day-Trading-2011-01-07 Continue reading “Futures Trading Levels and Economic Reports for January 7, 2010”

Futures Trading Levels and Economic Reports for December 20, 2010

Market is acting a bit funny….reason i am saying that is that we are trading at relatively HIGH prices, over 52 weeks highs, yet the volatility is at a very low level….

What i have noticed over the years is the wave pattern of volatility….from extremely high volatility to extremely low volatility and goes again….so now the question is when is the next wave of higher volatility starts?

Have a great weekend, successful trading week ahead ( only 4 trading days next week, with Thursday packed with economic numbers).

I will be out of the office until Jan. 3rd but you will receive levels and reports published by colleague here at cannon.

happy Holidays and great trading in 2011! Continue reading “Futures Trading Levels and Economic Reports for December 20, 2010”

Futures Trading Levels and Weekly Newsletter for December 16th 2010

Market feels bit heavy right now but then again it felt heavy more than a few times over past few weeks only to find some more legs and go higher….so either way you plan on trading this market, make it exactly that….have a plan and then trade your plan.

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Futures Trading Levels and Economic Reports Schedule for December 14th 2010

We are now trading MARCH contracts for all e-minis, stock indices, financials and CURRENCIES.

FOMC tomorrow and before that more than a few economic numbers.

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.

My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. However, with tomorrow early morning reports, we may see more volatility duirng first couple of hours as well. Continue reading “Futures Trading Levels and Economic Reports Schedule for December 14th 2010”