Wishing you a great trading month in November. Big week ahead with elections, FOMC and more.
Enjoy the weekend. Continue reading “Futures Trading Levels and Economic Reports for November 1st 2010”
No matter how much time and attention you pay to the details of future trading and futures exchange, sometimes it can get difficult to understand what these things are. Otherwise also known as futures markets, a futures exchange is where people trade future contracts.
This contract is to buy certain specific quantities of a certain commodity and/or a financial instrument. Another thing about the futures exchange is that the contracts traded on it are always standardized. And, there are a number of elements that define the standardization of the contract. There is a list of futures exchanges or futures markets that you must read about before entering the futures exchange.
We at Cannon Trading are there to help you understand and assist in matters related to futures markets. Apart from our expert traders and brokers who can be reached at any time, our online knowledge base helps you get all the information possible on the latest about futures markets in different parts of the world. So, in order to be better informed, read through all the blogs in this category archive.
Wishing you a great trading month in November. Big week ahead with elections, FOMC and more.
Enjoy the weekend. Continue reading “Futures Trading Levels and Economic Reports for November 1st 2010”
To be honest I don’t have any feel for the medium term outlook of stock indices.
I do like some of the intraday set ups we get in different markets such as Crude, Euro and the Mini SP.
We do have some reports tomorrow and it is the last trading day of the month so we should see some interesting price action.
As far as “mental tip”: keep reminding yourself that the hardest battle for a trader is waiting, patience and fighting ones own demons that normally appear when losing trades happen. Try to be among the tough ones who can control the negative emotions losing trades bring out and your trading will progress. Continue reading “Futures Trading Levels and Mental Tips for October 29th 2010”
Our Weekly Newsletter is Ready for Your Review at:
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https://www.cannontrading.com/community/newsletter/
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Stocks finished pretty much unchanged today, which brings me to another point….
There ARE OTHER MARKETS one can day-trade….Most day-traders focus on the Mini SP 500 and it’s relatives:
Mini Nasdaq, Mini Dow, Mini Russell etc. because of volume, familiarity, trading hours etc.
However, markets like bonds, Euro Currency, Crude oil, beans, corn to name a few do offer day trading opportunities and risks. Different market have different personalities which may fit different traders. Different markets also have different trading hours when volatility is present, different volatility at different times and other
characteristics which traders may want to explore. During the day-trading charts service I hold daily, I feature the mini SP 500 chart along with Euro currency and Crude oil and possible trade set ups.
As always I recommend using demo account when exploring trading in market you normally don’t trade, as well as performing some research regarding tick size, price behavior and more.
FREE Trial for the Day-Trading Charts Service:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
************************************************************* Continue reading “Futures Trading Levels and Day Trading Webinar Trial, October 27th 2010”
Weekly chart of the mini Russell 2000 for your review below.
Continue reading “Futures and Commodity Trading Levels for October 26th, 2010”
Daily Support & Résistance Levels | Mini-S&P 500 Futures Dec. 10 |
Mini-Nasdaq 100 Futures Dec. 10 |
Mini-Dow Futures Dec. 10 |
Mini Russell 2000 Futures Dec.10 |
30-year US Bond Futures Dec. 10 |
10-Year US Note Futures Dec. 10 |
---|---|---|---|---|---|---|
Support 3 | 1167.25 | 2051.50 | 11014 | 688.10 | 12926 | 12528 |
Support 2 | 1172.00 | 2066.00 | 11053 | 692.70 | 13025 | 12602 |
Support 1 | 1175.00 | 2076.00 | 11077 | 695.60 | 13109 | 12610 |
Resistance 1 | 1186.25 | 2104.75 | 11164 | 709.50 | 13129 | 12621 |
Resistance 2 | 1189.50 | 2118.00 | 11213 | 711.70 | 13210 | 12628 |
Resistance 3 | 1196.75 | 2133.00 | 11289 | 719.70 | 13230 | 12707 |
Daily Support & Resistance Levels |
Gold Futures Dec.2010 |
Silver Futures Dec. 2010 |
Copper Futures Dec. 2010 |
Crude Oil Futures Nov. 2010 |
Euro Curr. Dec. 2010 |
Dollar Index Dec. 2010 |
Support 3 | 1273.7 | 21.36 | 3.695 | 79.90 | 1.3763 | .7634 |
Support 2 | 1300.7 | 22.21 | 3.720 | 80.72 | 1.3819 | .7706 |
Support 1 | 1315.6 | 23.16 | 3.752 | 81.11 | 1.3850 | .7740 |
Resistance 1 | 1334.0 | 23.37 | 3.850 | 81.87 | 1.4042 | .7795 |
Resistance 2 | 1343.0 | 23.65 | 3.868 | 82.49 | 1.4100 | .7802 |
Resistance 3 | 1360.0 | 24.15 | 3.880 | 83.10 | 1.4156 | .7861 |
Updated: 22-Oct-10 07:55 ET
Date | ET | Release | For | Actual | Briefing.com | Consensus | Prior | Revised From |
---|---|---|---|---|---|---|---|---|
Oct 25 | 10:00 | Existing Home Sales | Sep | NA | NA | 4.25M | 4.13M | NA |
Oct 26 | 09:00 | Case-Shiller 20-city Index | Aug | NA | NA | NA | 3.18% | NA |
Oct 26 | 10:00 | Consumer Confidence | Oct | NA | NA | NA | -0.5% | NA |
Oct 26 | 10:00 | FHFA Home Price Index | Aug | NA | NA | 1.4 | -0.7 | NA |
Oct 27 | 7:00 | MBA Mortgage Applications | 10/22 | NA | NA | NA | -10.5% | NA |
Oct 27 | 8:30 | Durable Orders | Sep | NA | NA | 0.8% | 4.13M | -1.3% |
Oct 27 | 8:30 | Durable Orders – ex transporation | Aug | NA | -0.2% | 4.25M | 2.0% | NA |
Oct 27 | 10:00 | New Home Sales | Sep | NA | NA | 297K | 288K | NA |
Oct 27 | 10:30 | Crude Inventories | 10/23 | NA | NA | NA | 0.667M | NA |
Oct 28 | 8:30 | Initial Claims | 10/23 | NA | NA | NA | 452K | NA |
Oct 28 | 8:30 | Continuing Claims | 10/16 | NA | NA | NA | 4441K | NA |
Oct 29 | 8:30 | GDP-Adv. | Q3 | NA | NA | 2.4% | 1.7% | NA |
Oct 29 | 8:30 | Chain Deflator-Adv. | Q3 | NA | NA | NA | 1.9% | NA |
Oct 29 | 8:30 | Employment Cost Index | Q3 | NA | NA | 0.5% | 0.5% | NA |
Oct 29 | 9:45 | Chicago PMI | Oct | NA | NA | NA | 60.40 | NA |
Oct 29 | 9:55 | Michigan Sentiment – Final | Oct | NA | NA | 68.0 | 67.9 | NA |
Continue reading “Daily Support & Resistance and Economic Data to be Released, October 22nd 2010”
Same comments from yesterday and the day before still hold true….main difference is the tomorrow is quadruple witching day so I am hopeful that we finally break out one way or the other……
Well by now this is the 3rd or 4th time we are knocking on 1122.75…..that means one out of two (in my opinion): Tomorrow morning reports help this market break this level and start another leg up towards 1157.00
OR…..
Market fails one more time against this level, fills the gap below ( 1105.75) before giving us some additional clues.
I would love to have the “correct answer” to give you but only time and price action will tell….
Continue reading “Quadruple Witching to Provide S&P 500 with Clues, September 17th 2010”