This blog provides daily support and resistance levels for major commodities, indices, and financial futures contracts, along with market outlooks and insights.
I like the way tomorow’s date looks like …2-11-11 so decided to share a MONTHLY chart of the SP 500 index, more for “fun”, “change” than anything specific…
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: Ability to take losses and know not every trade will be a winner and not every day will...
Thought the quick article below is definitely worth sharing. Costly hiccups – do YOU have any? by RealityTrader.com Continuing our mini-series devoted to trading psychology, let’s look into another very common problem traders encounter. One of the most frequent questions I get: “OK, I seem to...
I personally find more “true market behavior” now days in markets like gold, Euro, crude oil and others versus stock index futures. It seems that quantitative easing (QE) has took out the fear factor from stock index futures….or maybe when traders all think that way that...
Next two days are full of economic numbers, plus lets not forget Egypt and Middle East…. I expect higher volatility than we witnessed today but then again, sometimes the market does what it wants, including the un- expected….. Good quick article at: https://www.cannontrading.com/community/newsletter/
Download and read our guide which outlines some important futures day trading concepts. It may be beneficial to read this guide before trading commodities on the futures market. My name is Ilan Levy-Mayer and I am the Vice President and Senior Futures Broker at Cannon...
A new month starting and below you will see my WEEKLY chart for the mini SP. I have sell set up in this market as well and if the short side pick speed, I would look for around 1230 and 1186 within the next few weeks....
I have been talking and sharing potential short based on the Dow Jones CASH for a few days. Well this short got triggered this morning and signaled a wide sell off in stock indices. I have included a chart of mini Dow Jones futures with...
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.