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Category: Indices

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.

30 Yr Bond Futures & Crude Oil Futures 5.29.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday May 29, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Time sure does tick a bit different in the commodities and futures world….

Some traders know time has passed quickly when it is time to change to the Sept. contract versus the June contract ( like we are doing with BONDS right now), others may notice it when they think “wow, monthly unemployment is next Friday, time sure flies…” and still other traders, perhaps professionals and money managers notice it when one month ends and another starts and it is time to share monthly results with their clients…..

Either way you look at it, hope June will be a great trading month!

Today I want to share a couple of market behaviors with you, I have noticed in the past.

The first is US Bonds trading behavior on the last trading day of the month on the last 15 minutes of the old pit session, i.e. 13:45 to 14:00 central time.

While I did not spend any time trying to predict the direction of the move, I seen it many times, the bonds will make a 10-15 ticks ( 15 tick in bonds = $500 per contract) move during the last 15 minutes as large traders position themselves ahead of months close.

Continue reading “30 Yr Bond Futures & Crude Oil Futures 5.29.2015”

Emini Range Bar Charts & Economic Reports 5.28.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday May 28, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Volume the last two days MUCH better than past few weeks on stock index futures.

It seems that NASDAQ is leading the way, higher OR lower….

Was asked by some clients who use my ALGO in regards to what settings I like for day trading the mini NASDAQ.

In general for almost all markets I like to look at an hourly chart, followed by 15 minute chart and then go down to a RANGE chart. In case of mini RUSSELL and crude oil for example I use 18 ticks range chart.

In the case of the mini NASDAQ I like to use the 27 ticks range bar chart as you can see below BUT I must say that from my personal experience I like to trade the following in this order:

  • Mini Russell
  • Mini SP 500
  • Mini Dow
  • Mini NASDAQ…..
ENQ - E- Mini Nasdaq-100, Equalized Active Continuation, Primary Session:Range Bar, 27 Tick Units
ENQ – E- Mini Nasdaq-100, Equalized Active Continuation, Primary Session:Range Bar, 27 Tick Units

You can subscribe to a free trial for the different custom indicators I created as well as my main 3 ALGOS at:

Continue reading “Emini Range Bar Charts & Economic Reports 5.28.2015”

Daily Heiken-Ashi Chart of the Mini S&P 5.27.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday May 27, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Some what of a sell off today although the market bounced pretty good of the lows before the close.

Volume has been very low this past 2 months. take a look at the chart below and see how volume has been consistently below its 12 day moving average since mid March.

I must admit indices have been hard to trade, at least for me personally. I have been having more luck with bonds and Crude oil than the mini SP and mini Russell. I hope that volume and volatility like today will return sooner than later to stock index futures.

Daily Heiken-Ashi chart of the mini SP below for your review along with potential targets above and below:

EP - E-Mini S&P 500, Equalized Active Daily Continuation:Heikin-Ashi
EP – E-Mini S&P 500, Equalized Active Daily Continuation:Heikin-Ashi

  Continue reading “Daily Heiken-Ashi Chart of the Mini S&P 5.27.2015”

Mini S&P Sell Off & Economic Reports 3.26.2015

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday March 26, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

First sell off in a good few weeks…. Prompted me to share with you a daily chart of mini SP 500, note we closed right on support level.

I am using Heikin-Ashi chart type, which is defined below the chart I am sharing.

EP - E Mini S&P 500, Equalized Active Daily Continuation : Hekin - Ashi
EP – E Mini S&P 500, Equalized Active Daily Continuation : Heikin – Ashi

Continue reading “Mini S&P Sell Off & Economic Reports 3.26.2015”

Mini S&P Chart & Economic Reports 12.19.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday December 19, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Recent moves in the stock market don’t stop to amaze me…. FED changes language in statement slightly and we jump over 2.5%!!!

Hard to predict what will happen next, at least for me it is. We have seen days where the market closes down sharply only to make a U turn the next day and vice versa.

Below is a daily chart of the mini SP, if we break the recent highs of 2072, then next targets are 2094 and 2170.

EP - E-mini S&P 100, Equalized Active Daily Continuation

Continue reading “Mini S&P Chart & Economic Reports 12.19.2014”

Economic Reports and Futures Levels 12.09.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

 Today’s correction another opportunity to go long?

To be honest, I am not sure and some what exhausted from trying to predict what I consider a manipulated market…yet I am still trying to look at the chart and look for clues from the technical perspective even though stock indices have not really reacted to technicals in a while….

Daily chart of the mini NASDAQ 100 for your review below. I was hoping we can close below the 2073.50 level, which we did not BUT we were able to break it today.

Some possible levels to watch in the chart below:

ENQ - E-mini NASDAQ -100, Equalized Active Daily Continuation - Heikin:Ashi
ENQ – E-mini NASDAQ -100, Equalized Active Daily Continuation – Heikin:Ashi

Continue reading “Economic Reports and Futures Levels 12.09.2014”

Recognizing Different Types of Trading Days & Levels 10.22.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

Are we done? Was this the correction everyone was afraid of and that’s it?

Only the future can tell but interesting to look at the daily chart below of the mini SP 500. We bounced OVER 100 points from the lows!!! But I still need to see if we can break above the 1946 level marked on the chart….

 

Another interesting point is that this rally is on much lower volume than the sell off, but then again this has been the story in the “minor corrections” we had during the last several years.

 

Not sure if this one is any different and we are heading back to test new highs…my “emotions/gut” says this one has a bigger chance of being a more serious correction than the ones we have seen before but my “trading brain” says that statistically odds are in favor of resumption in the rally…

Continue reading “Recognizing Different Types of Trading Days & Levels 10.22.2014”

Moves in the Futures Indices, Crude Oil & Gold, Economic Reports & Levels 10.16.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 I may sound like I keep repeating myself but make sure you are adapting to the different market conditions we are seeing compared to a month ago or so.

There is much higher volatility, speed of price change and wider ranges.

Moves today in bonds, S&P, Russell, Crude, Gold and many other markets were very sharp, fast and powerful. This obviously presents both risks and opportunities but for newcomers – mostly risk.

This is a good day to keep notes on in your journal. What caused the price action? What type of “bands” did the market have? How did you do as a trader? What can you do better and learn from for the next “Wild, crazy” day which may even happen tomorrow?

 

The biggest advice I can give on days like today is to make sure you don’t lose it….make sure you know what your daily loss limit is and step away if it gets triggered. This is one of those days where I have seen traders blow their whole account up…..So just make sure you live to trade another day!

 

Continue reading “Moves in the Futures Indices, Crude Oil & Gold, Economic Reports & Levels 10.16.2014”

Economic Reports & Levels 10.14.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

 

I may sound like a broken record but make sure you are adapting to the different market conditions we are seeing compare to a  month ago or so.

Much higher volatility, speed of price change and wider ranges.

I wrote the following outlook for ForexMagnates.com and sharing it with you as well, again it is just one man’s opinion….mine:

 

Did AliBaba Mark Stock Market Highs??

 

Many people have commented about the stock market run of the last few years, its widely perceived “Quantitative Easing” connection, and much more. Some of these people are smarter and more knowledgeable than me when it comes to economics but then again, sometimes the stock market does not react to economics, intuitive correlations, or “brains” but does what it wants to do…..

If you were one of the bulls who bought any significant correction in the past 5-6 years you would have done well, as QE just fueled the stock market into new highs.

To me the big question is: Does this represent the highs for the next few years?

Statistically the right answer is no. There is a higher probability that stocks will recover and make new highs than the chance that this may be the high for the next few months/ few years.

 

However, in my opinion, there is a much larger room for profits on the downside than there is going long at these levels, especially considering that the FED is unwinding QE.

 

Read the rest along with charts at:

http://experts.forexmagnates.com/did-alibaba-mark-stock-market-highs/

Movement in the Indices w/ Heikin-Ashi Charts 10.09.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 Today’s action in stock indices was quite impressive! The volatility we are now seeing is so different than what we witnessed 2 months ago it’s almost like we are trading a completely different market!

We had almost a 50 point range on the SP today!! Much different than the 8-12 points range we saw couple months back….This calls for you as a trader to adjust, researched and be aware of the market conditions you are trading in.

The market is moving much faster. I was watching the DOM today off and on and the speed of the moves was extreme.

When volatility expands I have the following tips:

  • 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 1925.00 with a stop at 1919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1919.75 and place a stop a few points below in this hypothetical example.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Be patient and be disciplined Continue reading “Movement in the Indices w/ Heikin-Ashi Charts 10.09.2014”
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.