Futures trading is done by two main parties, one of which is the hedger and the other one is the speculator. Where a speculator is there to trade for either their own accounts or that of their clients, a hedger always uses futures as a possible protection from losses. Hedgers can also be described as individuals or business owners who are more risk averse. Speculators and hedgers are likely to benefit from futures trading if the trader has a strong ability to analyze the markets and understands that future behavior. Though futures can behigh risk, they offer an equally high return and are thus very tempting.
In case you are new to futures trading you need to understand how things work. We at Cannon Trading are there to help with your understanding of all the elements of futures trading and also counsel and advise you with the same. Our knowledge base featured on our website, is a store house of information. In order to know every aspect of futures trading, you must read through these articles that have been listed in this category archive. Go through it and get better informed!
FOMC came and gone. market had its normal volatile two sided action but finished on the highs.
I have said this before, many times you can see the “true market reaction” the day after FOMC.
Tomorrow and Friday (monthly un-employment figures) should be interesting and perhaps volatile trading days. Continue reading “FOMC Sparks True Futures Market Reaction, November 4th 2010”
A BIG 24 hours lay ahead….I suspect some volatility to hit the night markets as election results come out and then we jump right into FOMC tomorrow.
FOMC tomrrow around 2:15 Eastern time.
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’re 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 sharp volatile moves right during and after the announcement.
I am including a five-minutes chart from Sept. 21st of this year, which was the last FOMC we had for your reference.
Two day FOMC starts tomorrow along with preliminary election news. Should provide for some interesting action in the second part of the trading week.
In between I still don’t see a longer term or a medium term swing trading set up I like, hence I currently focus on intraday set ups which I share in my daily “live charts/ webinar” service.
Daily Futures Day Trading Webinar:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
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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”
Our Weekly Newsletter is Now Available for Your Review at:
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************************************************************************* Continue reading “Weekly Futures Trading Newsletter and Daily Levels for October 21st 2010”
The 23rd anniversary of the 1987 crash was today and respectively, market finished down about 1.3%…..
Daily chart of the mini NASDAQ 100 for your review below. If the sell signal materializes, first target will be around 2019.00.
Continue reading “Futures Trading Market Levels for October 20th 2010”
Have a great weekend!! take time to clear your “trading brain” and allow it to recharge.
Screen shot from today’s session during our “live charts” service where one can see real-time trade set ups like below
(blue diamonds = possible buy, red diamonds = possible sell)
Charts included in this service are: Mini SP 500, Euro Currency and Crude oil.
For a Free Day Trading Webinar Trial Please Visit:
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https://www.cannontrading.com/tools/intraday-futures-trading-signals
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Continue reading “Free Day Trading Webinar Trial, October 18th 2010”
Screen shot from today’s session during our “live charts” service where one can see realtime trade set ups below.
For a free trial please visit:
https://www.cannontrading.com/tools/intraday-futures-trading-signals
Continue reading “Futures & Commodity Trading Levels and Charts for October 15th 2010”
The FED keeps pumping money through its “Quantitative Easing” and the market continues to bounce higher.
Not sure how long this “game” will continue but a technical overview of the mini Russell (which I feel is the leader amongst indicies) is below for your information.
Continue reading “Futures Trading Levels & Economic Reports for October 14th 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 | 1151.00 | 2009.00 | 10843 | 681.70 | 13117 | 12528 |
| Support 2 | 1156.50 | 2020.00 | 10891 | 686.10 | 13209 | 12616 |
| Support 1 | 1162.75 | 2032.00 | 10946 | 691.00 | 13300 | 12626 |
| Resistance 1 | 1174.75 | 2058.75 | 11044 | 700.30 | 13314 | 12703 |
| Resistance 2 | 1181.50 | 2063.00 | 11115 | 706.60 | 13403 | 12707.5 |
| Resistance 3 | 1188.25 | 2083.00 | 11139 | 719.70 | 13412 | 12711 |
| 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 | 1339.0 | 22.85 | 3.750 | 80.88 | 1.3768 | .7629 |
| Support 2 | 1348.0 | 23.16 | 3.771 | 81.69 | 1.3857 | .7705 |
| Support 1 | 1353.0 | 23.34 | 3.795 | 82.47 | 1.3912 | .7717 |
| Resistance 1 | 1366.0 | 23.68 | 3.841 | 82.99 | 1.4001 | .7754 |
| Resistance 2 | 1375.0 | 23.81 | 3.860 | 83.50 | 1.4026 | .7766 |
| Resistance 3 | 1391.0 | 24.09 | 3.880 | 84.43 | 1.4113 | .7778 |
Updated: 13-Oct-10 08:32 ET
Click on a “Release” for Insight
| Date | ET | Release | For | Actual Briefing.com | Consensus | Prior | Revised From |
|---|---|---|---|---|---|---|---|
| Oct 13 | 07:00 | MBA Mortgage Applications | 10/08 | NA | NA | -0.2% | |
| Oct 13 | 08:30 | Export Prices ex-ag. | Sep | NA | NA | 0.5% | |
| Oct 13 | 08:30 | Import Prices ex-oil | Sep | NA | NA | 0.3% | |
| Oct 13 | 14:00 | Treasury Budget | Sep | -$32.0B | -$33.5B | -$46.6B | |
| Oct 14 | 8:30 | Initial Claims | 10/09 | 450K | 450K | 445K | |
| Oct 14 | 8:30 | Continuing Claims | 10/02 | 4450K | 4450K | 4462K | |
| Oct 14 | 08:30 | PPI | Sep | 0.1% | 0.2% | 0.4% | |
| Oct 14 | 08:30 | Core PPI | Sep | 0.1% | 0.1% | 0.1% | |
| Oct 14 | 08:30 | Trade Balance | Aug | -$40.0B | -$44.5B | -$42.8B | |
| Oct 14 | 11:00 | Crude Inventories | 10/09 | NA | NA | 3.09M | |
| Oct 15 | 08:30 | CPI | Sep | 0.1% | 0.2% | 0.3% | |
| Oct 15 | 08:30 | Core CPI | Sep | 0.1% | 0.1% | 0.1% | |
| Oct 15 | 08:30 | Retail Sales | Sep | 0.2% | 0.4% | 0.4% | |
| Oct 15 | 08:30 | Retail Sales ex-auto | Sep | 0.1% | 0.4% | 0.6% | |
| Oct 15 | 08:30 | NY Fed – Empire Manufacturing Survey | Oct | 3.0 | 5.75 | 4.10 | |
| Oct 15 | 09:55 | Mich Sentiment | Oct | 67.0 | 68.5 | 68.2 | |
| Oct 15 | 10:00 | Business Inventories | Aug | 0.4% | 0.5% | 1.0% |
SEE FULL LIST HERE
13. OCT. 2010 Today´s Highlighted Splits
| SYMBOL | COMPANY | EVENT TITLE | EPS ESTIMATE | EPS ACTUAL | PREV. YEAR ACTIVITY | DATE/TIME (ET) |
|---|---|---|---|---|---|---|
| HST | Host Hotels & Resorts Inc. | Q3 2010 Host Hotels & Resorts Inc. Earnings Release | $ 0.11 | n/a | $ 0.11 | 13-Oct BMO |
| JPM | JPMorgan Chase & Co. | Q3 2010 JPMorgan Chase & Co. Earnings Release | $ 0.90 | n/a | $ 0.82 | 13-Oct 7:00 AM |
| APOL | Apollo Group | Q4 2010 Apollo Group Earnings Release | $ 1.30 | n/a | $ 1.06 | 13-Oct AMC |
| ACGY | Acergy S.A. | Q3 2010 Acergy S.A. Earnings Release | $ 0.28 | n/a | $ 0.29 | 13-Oct |
| MTOX | MEDTOX Scientific, Inc. | Q3 2010 MEDTOX Scientific, Inc. Earnings Release | $ 0.13 | n/a | $ 0.09 | 13-Oct 6:00 AM |
| TESS | TESSCO | Q2 2011 TESSCO Earnings Release | $ 0.44 | n/a | $ 0.51 | 13-Oct AMC |
Continue reading “Daily Support & Resistance and Economic Data to be Released, October 13th 2010”
