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.

Our Weekly Newsletter is Ready for Your Review:
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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”

Futures Trading Levels and Economic Reports for December 13th 2010

December to March Rollover Notice

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

I think next week we should see some volatility with economic reports due along with FOMC. Please see next reports below.

I think the following quote is so appropriate in our business….

“One cannot do anything about yesterday”

Wishing you a great weekend. Continue reading “Futures Trading Levels and Economic Reports for December 13th 2010”

Futures Trading Levels and Economic Reports for December 8th 2010

Today we witnesses a high volatility day that followed a very “sleepy” trading day on Monday.

You should keep trading notes with information such as this and other that will assist you as your trading experience grows.

Below is an hourly chart of the mini SP 500 for your review.

SP-500-Day-Trading-2010-12-08 Continue reading “Futures Trading Levels and Economic Reports for December 8th 2010”

Futures Trading Levels and Economic Reports for December 7th 2010

Today was a “slow trading day” when it came to stock indices, which leads me to a good point I would like to make. Most of our day traders, trade the e-mini stock index futures, mostly the mini SP because of its heavy daily volume and exposure.

However, I think that day-traders should be able to follow at least another market, maybe even two additional markets and look for different set up in these markets as well.

Good example from today is the Euro currency. While the mini SP was pretty dead….the Euro had nice range, good volatility and good volume which presents both risks and opportunities for day-traders.

Obviously, before you start trading a new market you should educate yourself on tick size, trading hours, “personality”, when is there more volume in that specific contract etc.

If you do so, I think you will achieve a couple of things, first is diversification. While some days trades in certain market may not work, trades in a different market may provide balance.

Also, if on certain days, certain markets are “sleepy” ( which most day-traders do NOT like), another market may have more action….

As always, do your homework, practice in simulation mode first and make sure you understand the “new contract” you may be trading along with the risks involved.

Below is a screen shot of the Euro Currency from todays webinar session :
( free trial at – https://www.cannontrading.com/tools/intraday-futures-trading-signals )

SP-500-Day-Trading-2010-12-07 Continue reading “Futures Trading Levels and Economic Reports for December 7th 2010”

Futures Trading Levels and Economic Reports for December 6th 2010

“Motto” for the month: “Plan your trade, trade your plan”

Unemployment came and gone and market pretty much ignored the bearish news….

Few notes from the day-trading webinar I hold every day below.

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 winner
  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.

If you have not had a free two week trial to the service, feel free to sign up at:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
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Have a great weekend!! Continue reading “Futures Trading Levels and Economic Reports for December 6th 2010”

Futures Trading Levels and Weekly Newsletter for December 2nd 2010

“Motto” of the Month: “Plan your trade, trade your plan”

Our Weekly Futures Trading Newsletter is Ready for Your Review:
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