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Category: Futures Broker

The futures market comprises mainly of two players, namely, the hedgers and the speculators. While the former use futures as a safety or protection blanket, the latter is a group of traders who handle the trading accounts of those investing in the futures.

Futures trading can be arisky business that can require guidance and consultancy. Whether you are an individual or a firm, you need to be well-versed with the rules of the game. Futures brokers are always there to help you with advice and help you in matters related to futures trading. A rule of futures trading is that one canonly use those funds that have been termed as risk capital.

We at Cannon Trading help your understanding of the big and small things about futures brokers and trading. Apart from that, we also aid you in making the most out of the market; and, no matter how volatile and risky it is we offer the best advice we possibly can on trading. Under this category of futures broker, we write about the latest and informative articles that you should read to get equipped on the recent events in the futures markets.

Thursday Morning Support and Resistance

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (Mar. 2012) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note
Resistance Level 3—————————————— Resistance Level 2——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 13541348.75

 

1343.25

 

1348.75

 

1343

 

1337.75

 26002578

 

2565

 

2543

 

2535

 

2515

 1293112842

 

12788

 

12757

 

12703

 

12649

 832.00822.2

 

816.1

 

810.3

 

806.5

 

792.20

 1440614327

 

14321

 

14221

 

14209

 

14129

 1312613124.5

 

13118.5

 

13110

 

13105.5

 

13100

Continue reading “Thursday Morning Support and Resistance”

New Video | Support and Resistance Levels

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
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for February 15, 2012

1. Market Commentary

Hello Traders,

About 6-7 minutes video is now posted on how to use the trailing stop feature in our AT ( Active Trader) platform, along with small example of how I use overbought/ oversold conditions along with support and resistance to enter trades.

Any feedback is welcomed as we plan on producing additional educational videos

 

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (Dec. 2011) SP500
(big & Mini)		 Nasdaq100
(big & Mini)		 Dow Jones
(big & Mini)		 Mini Russell
Resistance Level 3 1356.83 2587.17 12903 835.20
Resistance Level 2 1351.77 2577.83 12862 830.10
Resistance Level 1 1348.13 2572.67 12838 823.40
Pivot Point 1343.07 2563.33 12797 818.30
Support Level 1 1339.43 2558.17 12773 811.60
Support Level 2 1334.37 2548.83 12732 806.50
Support Level 3 1330.73 2543.67 12708 799.80

Continue reading “New Video | Support and Resistance Levels”

Tuesday Morning Support and Resistance Numbers

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (Mar. 2012) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note
Resistance Level 3—————————————— Resistance Level 2——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 13641358.75

 

1353

 

1345.25

 

1340.75

 

1333.75

 26482583.50

 

2575

 

2559

 

2550

 

2535

 1300112894

 

12866

 

12804

 

12783

 

12734

 843.40832

 

825

 

819.5

 

815.9

 

810.3

 1440614321

 

14303

 

14217

 

14207

 

14120

 1312613121.5

 

13116

 

13104

 

13031.5

 

13028.5

Continue reading “Tuesday Morning Support and Resistance Numbers”

Mini Nasdaq 100 | Support and Resistance Levels

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
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for February 10, 2012

1. Market Commentary

Hello Traders,

Hope everyone had a good start for their week.

Below is a daily chart of the Mini Nasdaq 100.

Its been almost a straight line up BUT notice how the open interest is increasing and volume is actually declining….Sometimes that can be a sign that a strong correction may happen.

I would NOT try to fight the current uptrend but if I see this market breaking below 2530 over the next couple of days, I would feel stronger about the short side for a correction.

Market Commentary Continue reading “Mini Nasdaq 100 | Support and Resistance Levels”

Thursday Morning Support and Resistance Numbers

Posted on by Ilan

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (Mar. 2012) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond 10-Year US Note
Resistance Level 3 ——————————————Resistance Level 2——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

 1363.751354.5

 

1353

 

1338.5

 

1331

 

1324.5

 2562.52548.5

 

2539

 

2522

 

2505

 

2476

 1300012907

 

12894

 

12789

 

12734

 

12635

 860.00843.4

 

832

 

820.2

 

814.9

 

802.70

 1431414231

 

14214

 

14123

 

14113

 

14021

 1311713111

 

13104

 

13025

 

13023

 

13015.5

Continue reading “Thursday Morning Support and Resistance Numbers”

3 Main Types of Trading Days | Support and Resistance Levels

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
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5.Economic Report for February 7, 2012

1. Market Commentary

Hello traders,

Thin volume in many markets today with SP500 pretty much closing unchanged.

Tomorrow should bring a different trading environment as we have a more than a few reports scheduled.

Here are some notes about the main types of trading days as I see it:

My opinion is that there are 3 main types of trading days.

1. Most common is two sided trading action with swings up and down – this type of trading day is most suitable using support and resistance levels along with overbought/oversold indicators such as RSI and &R.
2. Strong trending day, mostly one directional – this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most – this type of trading day is most suitable for using pull backs from the main trend to re-enter with the direction of the trend.
DMI and ADX are good studies to use for this type of trading days.
3. Slow and/ or choppy trading day – this type of trading day is best suited for taking small profits from the market by looking at FIB retracement levels and order flow.

Good question is how can one asses what type of trading day we will have while the market is still trading….I am doing some work about it and will be happy to hear feedback via email but here are some initial observations:
Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session ( primary session is when the cash/ stock market is open)
Mondays have the highest chance for trending days
The behavior of the first hour of trading can also suggests the type of action for the rest of the day.
If the first 30 minutes have good volume, better chances for type 1 or type 2 trading days.
low volume during first 30 minutes can suggest a choppy (type 3 trading day)

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (Dec. 2011) SP500
(big & Mini)		 Nasdaq100
(big & Mini)		 Dow Jones
(big & Mini)		 Mini Russell
Resistance Level 3 1348.00 2540.92 12833 836.10
Resistance Level 2 1344.15 2532.83 12810 832.50
Resistance Level 1 1341.70 2527.67 12797 829.00
Pivot Point 1337.85 2519.58 12774 825.40
Support Level 1 1335.40 2514.42 12761 821.90
Support Level 2 1331.55 2506.33 12738 818.30
Support Level 3 1329.10 2501.17 12725 814.80

Continue reading “3 Main Types of Trading Days | Support and Resistance Levels”

New Week Begins With Continued Futures Market Volatility | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

divider black 190

1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

We started the new week, right where we left off. With volatile moves in both directions.

I am sharing my daily Dec. mini Russell 2000 chart with you below.. It seems that at times, the Russell 2000 index has been the leader in the moves of the general stock market. We are currently in a very wide range (volatility definitely expands the “bands”) 739 on top and 654 below.

We are currently closer to the bottom level, hence we may see some more upside before we see sellers step back in. In all honesty, I do NOT have a strong feel for the market right now and do NOT have a preferred way of trading it based on swing or overnight time frame. When I do have a better feel or direction, i will be happy to share with you.

You can also sign up for my real time intraday charts service. Continue reading “New Week Begins With Continued Futures Market Volatility | Support and Resistance Levels”

CME Group Moment of Silence During Futures Market Hours | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

divider black 190

1. Market Commentary

FRONT MONTH FOR EQUITIES AND BONDS IS DECEMBER

SYMBOL FOR DECEMBER IS Z

On a different note:

On Friday, September 9, 2011, CME Group will observe the tenth anniversary of the attacks on the World Trade Center. As a result, NYMEX/COMEX markets on CME Globex will observe voluntary moments of silence at: 07:46 CT/08:46 ET, 08:03 CT/09:03 ET, 08:59 CT/09:59 ET and 09:29 CT/10:29 ET. We request that all electronic market participants refrain from trading NYMEX and COMEX products on CME Globex and CME ClearPort during these moments of silence

December mini SP continuous chart for your review below: Continue reading “CME Group Moment of Silence During Futures Market Hours | Support and Resistance Levels”

Monthly Job Report May Move the Markets | Support and Resistance Levels

Posted on by Ilan

In this post:
1. Market Commentary
2. Daily Futures Chart for Mini S&P 500
3. Support and Resistance Levels
4. Economic Reports
5. Highlighted Earnings Releases

divider black 190

1. Market Commentary

Monthly unemployment is sure to move the market tomorrow morning…the big question is which way and to be honest , I have no idea…..

i am getting mixed signals from the chart perspective and there is a case both for the bulls and the bears.

The bulls need to hold above 1183.00 and break above 1215.75

The bears need to break below 1183.00 to have a shot at the 1142.50 level.

I am sure we can see wild and wide swings when the report comes out tomorrow morning before cash open and through out the trading session as large traders will try to square their positions ahead of the long, Labor day weekend.

When is doubt, stay out until you have a clearer picture of what you think the market will do.

See the Labor Day Holiday Trading Hours at our weekly newsletter.

divider black 190

2. Support and Resistance Levels!

Contract (Sept. 2011) SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1246.43 2300.75 11865 758.03
Resistance 2 1237.22 2282.25 11785 746.57
Resistance 1 1220.73 2252.50 11635 728.53
Pivot 1211.52 2234.00 11555 717.07
Support 1 1195.03 2204.25 11405 699.03
Support 2 1185.82 2185.75 11325 687.57
Support 3 1169.33 2156.00 11175 669.53

 

Contract Dec. Gold Sept. Euro Oct. Crude Oil Dec. Bonds
Resistance 3 1853.5 1.4510 91.43 140 25/32
Resistance 2 1843.5 1.4444 90.66 139 4/32
Resistance 1 1835.4 1.4356 89.74 138 11/32
Pivot 1825.4 1.4290 88.97 136 22/32
Support 1 1817.3 1.4202 88.05 135 29/32
Support 2 1807.3 1.4136 87.28 134 8/32
Support 3 1799.2 1.4048 86.36 133 15/32

Continue reading “Monthly Job Report May Move the Markets | Support and Resistance Levels”

Futures Trading Levels, Proceed With Caution – Live to Trade Another Day

Posted on by Ilan

To add to such high volatility, we will have FOMC tomorrow morning.

THESE ARE NOT NORMAL MARKET CONDITIONS TO SAY THE LEAST.

If you normally trade 4 lots, I suggest you trade 1 contract or even just stay out of the market.

If you normally trade 50 lots, you may want to reduce your trading size to 10 lots.

Yes, the wide range provide many opportunities but they also provide the risk of getting your account wiped out.

SURVIVE TO TRADE ANOTHER DAY…..

When markets trade with such high volatility, one must understand the enviroment one is trading in, which is quite different from the environment of few weeks ago.

Ranges are wider, speed is faster and volume is higher. You must take that into account, adjust your trading accordingly and make sure that you set limits as far as your daily risk is concerned and don’t allow one trade or one trading day to wipe your trading account.

WITH THE INCREASING DAILY RANGES, IT WOULD BE WISE TO VISIT THE FOLLOWING LINK AND STAY UPDATED ON DAILY LIMIT MOVES, JUST IN CASE:

>>>Daily Limit Moves from the CME Group (.pdf)

>>>Daily Limit Moves from The ICE (.pdf)

LAST BUT NOT LEAST, WEEKLY CHART OF MINI RUSSELL 2000 FOR LONGER TERM VIEW:

Weekly Chart of the Mini Russell 2000 from August 8th, 2011

Weekly Chart of the Mini Russell 2000 from August 8th, 2011

Continue reading “Futures Trading Levels, Proceed With Caution – Live to Trade Another Day”

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.