A plural of indexes, indices is a term often used in the markets. There are different indexes or indices in the markets and these don’t always move up or down in coordination. Indexed moving in tandem would create redundancy meaning that we don’t need more than one of them.
The Dow and the S&P500 are two extremely noteworthy as well as popular indices. While a change in the Dow indicated that the expectations of the investors have changed with regard to the risks and earnings of large companies, the S&P500 features 500 of the most highly traded stocks in the U.S.
Each index is different from another and each one behaves differently. You won’t find any one index that has continued to look the same over the years. Moreover, every index depicts a different thing. You can gain a deeper understanding into the world of indices.
We at Cannon Trading help you by providing the latest information on indices and their market performance. You can read it all here under one archive tagged as Indices. Read and be informed.
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones etc., it is extremely important to remember that we are now rolling over and trading the September 2019 contract.
Starting June 13th, the September 2019 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the September 2019 contract as of June 13th.
Volume in the June 2019 contracts will begin to drop off until its expiration on Friday June 21st.
The month code for September is U19
In between, 30 min chart of the mini NASDAQ for your review below, on the short term, market can decline some more if we stay below the 7500 level.
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.
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.
With the recent volatility the CME have raised some of the overnight margins for stock index futures.
Most of our clients enjoy $500 daytrading margins for the contracts below, depending on the platform and in rare cases market conditions. Few of the trading platforms will use % of overnight margins and/or if you plan on holding positions more than intraday than note below:
ES was $5,555 –> now $6,105
NQ, $5,720 –> $6,380
YM, $4,620 –> $5,280
RTY, $3,245 –> $3,630
NKD, $4,565 –> $5,280
BE CAREFUL!! THESE ARE NOT “REGULAR OR NORMAL TIMES”
Plan your trade, trade your plan and ALWAYS try to asses the risk/ reward ratio you are about to trade.
As I was about to write today’s blog, it hit me that i would like to know more from you, the reader what kind of topics you like to see in this blog?Take a minute or two and reply back with which of the following you like to see more of:
More about trading techniques?
Perhaps more charts/ analyzing the markets?
3rd party resources?
Trading psychology?
Any other topic?
You like the blog mix as is….
On a different note, gold just broke recent lows, weekly chart for your review below with some possible levels to watch:
The move we saw from Friday morning right after job numbers to today was a very powerful, vertical up move.
The question, big question is:
Is this a vicious bear market rally, possibly an opportunity to sell?
Did market participants decided that rates will be at zero for foreseeable future ( ZIRP) and market just finished a healthy 10% correction and heading back to an all time high?
Big questions….I am not sure which way to lean but here my daily chart of the mini SP 500 with some levels to watch. We are right against key resistance, possible right shoulder in the head and shoulder formation.
EP – E-Mini S&P 500, Equalized Active Daily Continution : Heikin-Ashi
Many ways to trade any market, many ways to lose money in any market and only very few ways to lock in gains. If you need help creating a trading plan, visit our broker assist services.
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.
If you like Our Futures Trading Daily Support and Resistance Levels, Please share!
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 judgment in trading.
EP – E-Mini S&P 500, Equalized Active Daily Continution : Heikin-Ashi
Been out due to rotator cuff surgery and back with limited typing ability….
Market is acting like a bear market. Lower lows, lower highs BUT still need to take out 1891 support level as seen below in the daily Heikin-Ashi chart of Dec. mini SP 500
This much anticipated FOMC lived up to expectations….tremendous volatility for sure. I hope some of you read my tips YESTERDAY about lowering trading quantities and widening stops etc.
That’s history but one thing I recommend, is write down notes from today. market behavior, your behavior etc. Keep it as part of your trading journal. Might help you the next FOMC…..What’s next? To be honest I am not sure at this point.
Here is my daily chart for the mini Russell 2000. Confused market in my opinion.
PS:
1. Many times the big move happens the DAY AFTER FOMC
2. Tomorrow is quadruple witching….
TFE – Russell 2000 Index Mini, Equalized Active Daily Continuation : Heikin-Ashi
I personally start trading the December mini SP this Friday but most traders will rollover tomorrow:
Rollover Notice for Stock Index Futures
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, September 10th, at 8:30 am CDT Time is rollover day.
Starting September 10th, the December 2015 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2015 contract as of September 10th. Volume in the September 2015 contracts will begin to drop off until its expiration on Friday Sept. 18th.
The month code for December is Z5.
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.
The market structure has changed if you hadn’t noticed.
Does this change create more or less volatility?
ESUS-Daily(Default):6Hours 3minites 49 seconds
The past few weeks of volatility in the equity and bond markets have been absent of major players from previous market volatility.
Major banks, National banks (other than certain limited-purpose trust banks), federal savings associations, and federal branches and agencies of foreign banks (collectively, banks) are required to fully conform their activities and investments to the requirements of the final regulations by the end of the conformance period, which the FRB has extended to July 21, 2015 (please see footnote below)
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.
