Open An Account
Free Demo Account Subscribe Here

Category: futures trading education

Weekly Newsletter: March Copper Outlook, Video Trading Tips + Futures Trading Levels for Dec. 18th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1175

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices – General Updates and Holiday Schedule
  • Trading Resource of the Week – Trading Tips Videos
  • Hot Market of the Week – March Copper
  • Broker’s Trading System of the Week – EuroStoxx Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

      • FedEx (FDX) and Micron (MU) Quarterly Earnings Tues. and Wed. post market close respectively
      • Housing numbers throughout the week: Starts, Existing sales, New home sales
      • As for short days, Winter Solstice Thursday.
      • GDP (Q3 ’23) and jobless claims Thursday pre market open
      • Trade March Currencies, financials and stock indices!
      • Christmas Trading Schedule HERE

 

3b644da2 2bee 4d39 8d98 5208a20bec39

 

  • Trading Resource of the Week 

Trading Videos
Instant Viewing
Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.
  • Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
  • Some common uses you can make of support and resistance levels.
  • Filter out the noise with range bar charts
  • “Price Confirmation”
Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
March Copper
March Copper completed its first upside PriceCount objective early this month and corrected. Now, the chart is attempting to resume its rally where new sustained highs would project a run to the second count in the 4.03 area, consistent with a challenge of the September high.
PriceCounts – Not about where we’ve been , but where we might be going next!
e242b09c bb6b 44d7 9635 ee66faa17b23
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
EuroStoxx future (EUR)
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$10,000.00
COST
USD 50 / monthly
9ee6763c 2462 41dd 9d5d f6c00e4143f7
The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

  • Trading Levels for Next Week

Daily Levels for December 18th, 2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
Trading Reports for Next Week
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

d259df9c bf07 4429 9fa8 d12b53c37804

  • click above for a LIVE demo, streaming prices
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
9355c05d d46d 4a59 b951 fc79ed1903f0

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.

 

Good Trading!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

FOMC Rate Decision Tomorrow +Futures Trading Levels 12.13.2023

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

March is front month for stock indices.

Symbol for March is H, so example ESH24

 

FOMC Rate decision tomorrow.

The following are my PERSONAL OPINION on trading during FOMC days:

  • Reduce trading size

 

  • Be extra picky = no trade is better than a bad trade

 

  • Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 4425.00 with a stop at 4419.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4419.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).

 

  • Expect the higher volatility during and right after the announcement

 

  • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • The rate announcement comes out exactly at 1 PM central. As of this morning there is a 98% chance of no change in rates.
  • Traders will pay EXTRA attention to the language and the Q&A which starts at 1:30 PM Central

 

  • Be patient and be disciplined

 

  • If in doubt, stay out!!

Mini SP ( March contract) one possible outlook is below using the daily chart and QT Market Center platform.

0adf2880 a6d2 4460 a50d 2829f51b3eac

Plan your trade and trade your plan.

 

 

 

bb70481e b43a 4636 9888 17c384581052

 

 

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

 

12-13-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

580b229e e3ae 49ca 8780 7d9082acd22b

 

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

The Week Ahead: CPI, FOMC +Futures Trading Levels for 12.12.23

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

The Week Ahead: Index rollover week, CPI, PPI, FED Rate announcement, Fed speech, Earnings.

By John Thorpe, Senior Broker

This week could get wild in a number of markets, stay focused and manage the risk.

You should already be trading the March Indices if you are trading them at all, ask your broker how to roll if you need assistance.

 

Tuesday morning the telling CPI number will be released early, 7:30 am CST.

 

ce4cf276 679c 481a 9e7b f7f8fe6d6634

Past volatility in index markets as a result of earnings will take a back seat to much anticipated economic numbers this week. We will have a few earnings releases after the close but the highlights for the indices, bonds, crypto, metals and yes even the energy complex may hinge on the CPI and PPI numbers in addition to the somewhat surprising Non Farm Payroll numbers on Friday that reflected uncommon and persistent strength in the wake of the longest string of interest rate increases in 40 years.

PPI Wednesday 7:30 am CST

Any deviation from the consensus will move markets in unnatural ways.  The same for the PPI on Wednesday morning and the FED voting members will have a clearer picture of their desires in March, something we will be listening for in the language Chairman Powell uses on Wednesday when he hosts his final for the year Q and A 30 minutes after the Rate decision is announced. That decision is expected to be a no rate change with the CME FedWatch tool weighing in today as a 98.4% probability for rates to remain untouched.

ADBE will be reporting Earnings after the close Wednesday and Costco after the close on Thursday.

Inventories, jobless claims retail sales all early Thursday morning and Friday, a few more data points to throw into the mix. Capacity utilization and Industrial production, all sectors that are dependent on the cost of money.

Plan your trade and trade your plan.

 

03893468 1ecd 404a b8d4 d13c6c276c65

 

bb70481e b43a 4636 9888 17c384581052

 

 

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

*NOTE: if you like to get the March stock index levels (NQ, ES etc.), please reply back to this email and we will send you the levels for March tomorrow morning!

12-12-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

 

869338bf 7e29 45fa 8435 d417fb1904f4

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Coffee Daily Chart + Futures Trading Levels for Dec 6th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

 

Hot Market for Review:  March Coffee

March coffee hit first PriceCount Objective. If market can close above 185.70, then next PriceCount objective is at 198.70.

 

51c1ef9e e299 4f4b ba3a ffdbe70cc1ea

 

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

FREE TRIAL AVAILABLE

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

 

Plan your trade and trade your plan.

 

fca0371f 75d6 4ac2 ab7f e488b4008b99

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

12-06-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

 

7628a812 1c0c 484b b7f4 10b0d0b50ba0

 

 

 

 

 

 

 

 

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

The Week Ahead: Federal Reserve Board Black Out Period + Futures Trading Levels for 12.05.23

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

 

The Week Ahead: Federal Reserve Board Black Out Period Dec 2-14

By John Thorpe, Senior Broker

 

March (H24) Interest rate products, U.S. T-Bond Futures ZB, Ultra T-Bond Futures UB, 10-Year T-Note Futures ZN, 5-Year T-Note Futures ZF, 2-Year T-Note Futures ZT. are now front month

Earnings watch, Tuesday 12-5 Toll Brothers Builders NYSE (TOL), Thursday 12-7 chipmaker Broadcom NYSE (AVCO)

Reports a variety, Main Focus Friday, NFP 7:30am, WASDE 10am and 1st day of Hanukkah all times CST

The Role of Expectations for the NFP report

Expectations are typically baked into future prices. Rarely can a more direct correlation to this reality be found than in our futures markets as they are affected by expectations of NFP .

There are a number of indicators the Federal Reserve Board and investors watch prior to the NFP release, these all become reflected in asset prices and if there is a surprise NFP release, the market can adjust violently to the new perception of the health of the economy and therefore the affect on future Interest rate decisions. For instance, The Labor Department’s JOLTS report tracks monthly change in job openings and offers rates on hiring and quits. The reporting period lags other employment data including the employment situation report. Then there is the ADP report The national employment report from Automated Data Processing Inc. and is computed from ADP payroll data and offers advance indications on the U.S. private workforce. Are to name but two. Contact your broker for more detail.

This Friday @ 7:30 a.m. CST the BLS will release it’s monthly employment update called the NFP which stands for Non-Farm Payroll and this specific economic event is always released on the first Friday of every month. Rarely, the NFP figure may be postponed to the second Friday if the first Friday is the first of the month or a public holiday. This Friday is one of those rare exceptions. The NFP figure is a report which shows how many individuals are employed within the US but excludes specific industries such as agriculture.

Why is it important to the Dollar?

DXH24, 6EH24 (eurocurrency)

When individuals wish to invest in stocks, bonds and a currency, they prefer currencies backed by a strong economy with a robust employment sector. In addition, if employment is high, the Federal Reserve is also likely to increase interest rates or keep them high; again, this can support demand for the Dollar.

A higher-than-expected NFP figure is positive for the Dollar.

A lower-than-expected NFP figure is negative for the Dollar. The inverse would be true for the Euro currency

Why is it important to the US Stocks?

ESH24,NQH24,RTYH24,YMH24 + micros

The NFP figure can affect the US Stock Market in 2 ways. A higher-than-expected NFP figure can indicate a resilient economy and higher consumer demand. As a result, companies perform better; earnings are higher, as is investor confidence. This can cause the stock market to rise. But be wary as it can also trigger current belief by the FED that interest rate increases will be necessary to cool the employment trend.

On the other hand, if the Federal Reserve is increasing interest rates, positive employment figures may support a further increase. Interest rates can significantly pressure the stock market. A lower than expected figure during the current environment may rally stocks as the FED would NOT need to raise rates further yet as they wait and see if their tight money policy is being effective

Why is it important to the Gold?

GGCG24, GCG24 + micros

The price of Gold is largely inversely correlated with the cost of the Dollar. As a result, the NFP can influence the price of gold. Whether the horse leads the cart or the cart leads the horse is for you to determine as you lock those contracts onto your trading screens.

Why is it important to Interest Rates?

UBH24,ZBH24,ZTH24,FFF24 + minis

If the NFP is stronger than expectations Bond prices will go lower as the concern of “higher for Longer” persists

If the NFP is weaker than expected Bond Prices will go higher as anticipation for rate cuts sooner wash over the interest rate markets

Plan your trade and trade your plan.

 

8cd0a349 b42c 4930 bc49 15b6842a5408

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

12-05-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

716c68dc 2449 4f45 bad8 8b24c78d975d

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Happy Thanksgiving! + Futures Trading Levels for Nov. 23/24

Posted on by Ilan
Get Real Time updates and more on our private FB group!

General:

Happy Thanksgiving eve traders.  You’re probably aware that with a U.S. holiday comes U.S. holiday futures trading hours which differ slightly from regular trading hours.

Generally, CME Group markets will open at their regular hours this afternoon, trade overnight and close early tomorrow morning.

 

→  Stock indexes, interest rates and currencies will open at their regular hours this afternoon and close tomorrow at 12:15 P.M., Central Time.

→  Energies and metals will open at their regular hours this afternoon and close tomorrow at 12:45 P.M., Central Time.

→  Grains will open at their regular hours this afternoon and close tomorrow at 12:05 P.M., Central Time.

→  Livestock and lumber will stay closed until their regular opening times on Friday.

The following link will take you the CME Group Thanksgiving holiday trading schedule (URL): click here.

The following link will take you the ICE Futures U.S. Thanksgiving holiday trading schedule (PDF): click here.

274cbe2d 85d5 40ce 8d1b 8e3f12945f16

 

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

11-23/24-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

7c7b037b 1c2c 421f 9995 b962ab429d19

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Trade Signals Text Alerts! + Futures Trading Levels for Nov. 22nd

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Real Time Trading Text Alerts

Directly to your Phone!

 

  • You will receive a text and email each time there is an entry or exit in a simple language along with the current price for that specific market.
  • A licensed series 3 broker at your fingertips
  • Text alerts available to US and Canada residents. Int’l clients will receive the alerts via email. No obligation
  • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies and Meats

Start your RISK FREE Trial Now!

274cbe2d 85d5 40ce 8d1b 8e3f12945f16

a0bb2fd2 c0d7 4a7d a521 5d2178441c92

 

 

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

11-22-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

72a758d1 8a09 4b19 9be6 95c4cee17892

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

FOMC Minutes Tomorrow + Futures Trading Levels for Nov. 21st

Posted on by Ilan
Get Real Time updates and more on our private FB group!

The Week Ahead:

Minutes, Nvidia & Thanksgiving

 

By John Thorpe, Senior Broker

The Week Ahead, This weeks trade may be as sloppy as gravy on Friday’s hot turkey Sandwich. Thanksgiving is here in the lower 48, please check our trading hours calendar for the markets you trade below.

If you are not trading, safe travels and do enjoy the triple F…

Family, Friends and Football.

This week one big earnings number and a few important reports including a Tuesday FOMC Minutes release @ 1:00 p.m. CST . the release details the conversations and tone of the November 1st meeting, Also, Tuesday after the close Nvidia‘s third-quarter earnings report, which is due out after Tuesday’s close, analysts are anticipating a per-share profit of $3.10 compared to a year-ago profit of 58 cents per share.

Revenue is forecast to arrive at $14.9 billion (+152.5% YoY).

Wednesday earnings will essentially be featureless but not the US Gov’t Reports . Of note at 7:30 a.m. CST there are 2 impactful from Econoday.com 1. Durable goods

2.initial claims

afa21295 4003 482e 980b f404205d92c5

Thursday there will be no reports – Thanksgiving Holiday here in the US ( see modified schedule below)… and don’t confuse Black Friday with Texas Tea! The OPEC meeting is taking place and will announce expectations of production cuts, how far and how fast has yet to be seen but the markets movements over the past few trading sessions are supportive of OPEC production constraints.

Have a wonderful week and remember

Plan your trade and trade your plan.

 

274cbe2d 85d5 40ce 8d1b 8e3f12945f16

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

11-20-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

8c23e4ba 25ba 4fc2 8aea efc1da62fd85

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Is the FED Done Raising rates? + Futures Trading Levels for Nov. 16th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Updates and Bullet Points:

 

By Mark O’Brien, Senior Broker

General:

 

Here in the United States yesterday, stock index futures vaulted on the heels of the Bureau of Labor Statistics’ release of its Consumer Price Index for October, which slowed to 3.2 percent last month on a year-over-year basis, lower than the 3.7 percent reading in September and the coolest since July.  Leading the way was the Russell 2000 which climbed ±95 points, $4750 per contract move for the E-mini Russell 2000 futures contract, over a 5% uptick.  Compare that to the ±86-point / $4,325 per contract move up for the E-mini S&P 500, or the ±335-point / ±$6,700 move for the E-mini Nasdaq.

 

Investors undoubtedly anticipated the likely end to the Federal Reserve’s historical rate hike cycle and this was followed by a wave of lower CPI data from Europe when the following day (our Tuesday night) Germany, the United Kingdom and Italy all reported below-estimate consumer price readings and well below last month’s as prices abroad continued to decelerate.

 

In other news, President Biden and China’s President Xi will meet south of San Francisco during afternoon US trading hours.

 

In a development attributed to El Niño and possibly a catalyst to rising commodities prices, Central America is experiencing drought conditions so acute, the freshwater lakes associated with the Panama Canal have declined to such low levels, it’s resulted in one of the world’s largest shipping corridors having to reduce vessel traffic.  The canal sees about 5% of the world’s seaborne trade travel through it and is critical for transporting commodities with petroleum, liquefied natural gas and grains among the top shipments that pass through the waterway.  Ships are now spending weeks waiting at sea, sailing around South America or the tip of Africa, or paying exorbitant amounts to jump to the front of the line.  Last week, a Japanese global petroleum and metals conglomerate paid a record $3.975 million in an auction for preferential line placement for one of its ships.

 

In a Reuters piece earlier this week, the news wire reported that Goldman Sachs is forecasting returns of 21% on commodities over a 12-month horizon, using as its basis the S&P Goldman Sachs Commodity Index (GSCI), including gains of ±31% from energy and ±18% from industrial metals.  Currently, the GSCI contains 24 commodities from all commodity sectors: six energy products, five industrial metals, eight agricultural products, three livestock products and two precious metals.

 

Plan your trade and trade your plan.

 

 

cf236cda 9475 4c39 b078 847ed6b28a5c

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

11-16-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

5f8a8827 7910 4a84 b48b 42914d35559f

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Black-Scholes Webinar + Futures Trading Levels for Nov. 15th

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Advanced Options Workshop!

We look forward to having you join the CME tomorrow for Black-Scholes workshop.

View last week’s session here to see what kind of discussions you can expect.

Please read the below information for the session on November 15 and add the event to your calendar below.

Joining Instructions:

To join the online event, please use the following link:

Black-Scholes Webinar

Webinar number: 248 142 79084

Webinar password: d2GPM8kZc42 (32476859 from phones and video systems)

Helpful Tips:

  • Please plan to join 10 minutes in advance to ensure no technical difficulties.
  • For optimal audio/video quality, disconnect from your company’s VPN.
  • We recommend using Google Chrome as your browser.
  • Please test audio prior to the start of the online event. Ensure that you are using headphones for optimal sound quality and that audio is not muted.
  • If your internet audio and/or video experience does not work, use the dial-in numbers to join by phone

Recording Disclaimer:

This online event will be recorded for the purposes of archived viewing for attendees unable to attend the live session. By participating in this online event, you are considered to have consented to the recording. All video and audio communications must remain professional and relevant to the topic and purpose of the online event. Personal views or opinions expressed during the online event are those of the participants and may not necessarily reflect the official policy or position of CME Group.

Plan your trade and trade your plan.

 

 

 

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

3b644da2 2bee 4d39 8d98 5208a20bec39

Futures Trading Levels

11-15-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

b2348652 22fa 4fd4 9fe0 16e9d5a18482

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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.