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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.

Heiken-Ashi Mini S&P Chart; Economic Reports & Levels 9.30.2014

Posted on by Ilan

Hello Traders,

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

Volatile action in the markets as events around the globe are injecting some fear factor into the markets.
It may take a while before the bears get over their fear factor of going short due to QE but at least at this point we are noticing the bulls finally having a little more fear as well……

My thought for the SP500 is that we need to see a break below 1955, preferably below 1948.50 to accumulate more momentum and speed to the downside.
At this point I am leaning towards selling rallies but one needs to be flexible and adapt to this market which is picking up volatility and seems to go through a changing personality right now.

Daily Heikin-Ashi chart of Dec. Mini SP 500 futures for your review 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 “Heiken-Ashi Mini S&P Chart; Economic Reports & Levels 9.30.2014”

Rollover Notice, Economic Reports & Levels 09.10.2014

Posted on by Ilan

Hello Traders,

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

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, Sept.11th, is rollover day.

Starting Sept. 11th, the December 2014 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2014 contract as of Sept. 11th. Volume in the Sept. 2014 contracts will begin to drop off until its expiration on Friday September 19th.

 

The month code for December is Z4.

 

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

 

Please close any open September Currency positions by the close on Friday the 12th.

Should you have any further question please contact your broker.

 

Mini S&P Daily Continuation Chart – Levels & Reports 8.12.2014

Posted on by Ilan

Hello Traders,

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

Nice bounce on stock index futures after the lows we made Thursday night.

So far the market has respect to the symmetry I am sharing below and the current bounce should test 1951 if continues OR test 1913 if selling pressure resumes. These are the levels I will be watching as in between we have enough room for intraday fluctuations. Volume today was light and action took place mostly in the first few hours. August is know to be the “month of vacations” over at Europe.
Mini SP 500 daily chart for your review below:

 

823

 

In between the Geo political focus will be on the situation in Iraq and the concerning issue of the Islamic group known as ISIS.

Continue reading “Mini S&P Daily Continuation Chart – Levels & Reports 8.12.2014”

SP 500 Futures Testing Major Support Zone – Levels & Reports for 8.8.2014

Posted on by Ilan

Hello Traders,

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

SP 500 made new lows and about to test a series of support levels as one can see in the daily chart below:

We have few levels of support between 1885 and 1896.50 in case we break again below the psychological 1900 mark.

I mentioned a couple of days ago support of 1795 by mistake and was asked by few of the readers. That was a typo the support I meant to write is 1895.

Looks like we will visit that level and zone very soon, maybe as early as night session. My best guess is for an initial bounce of that level. Just a guess. Either way I will look to see what kind of reaction we get if and when we get down there.

A strong bounce may signal some more upside, however a break below 1895-1885 level may actually make my 1795 typo into a reality… 822

Continue reading “SP 500 Futures Testing Major Support Zone – Levels & Reports for 8.8.2014”

Day Trading Money Management + Levels & Reports for 8.7.2014

Posted on by Ilan

Hello Traders,

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

A word or two about day-trading and money management…..

 

 

 

Trading futures and even more so, day-trading futures has grown significantly over the last few years, as seen by the increase in daily volume on some of the more popular electronic markets. (The Mini SP had 3,575,702 contracts traded on February 27th! Yes, that is 3.575 MILLION contracts….)

New traders as well as more experienced traders often wonder and search for the “holy grail” and the answer is different for each trader. Many factors influence what may be a good route for one trader versus a better alternative for another. Experience, risk tolerance, the person’s schedule, financial situation along with other factors will greatly influence what is a suitable trading method for one trader or another.

One COMMON solution different traders can implement when it comes to day-trading is what I call: “Treat your daily Profit/Loss as you would treat an open trade” and allow me to expand:

As brokers we have seen different traders survive in this business, making progress and even getting to the point of consistently finding their set ups, however their main downfall is that “one bad day” where they may give up recent gains, lose a large percentage of their account or even lose their whole account.

A practical solution for eliminating those disastrous days and giving you a better chance for survival is using “stop losses, trailing stop losses and daily stop limits” for every given trading day.

Let’s assume for hypothetical purposes that trader A is day-trading with $10,000 of risk capital. Part of her preparation for trading should be an understanding of her trading style, how active she is, how much on average does she risk per trade and other factors to help her calculate what her DAILY LOSS LIMIT should be. If you as a trader can be discipline enough to set your own daily loss limit and on days when you have reached your daily loss limit, simply stop trading for that day, you will give yourself better odds in surviving the day-trading arena and preventing days where you may loss a big portion of your account. Surviving to trade another day is a crucial element when it comes to day-trading.

Continue reading “Day Trading Money Management + Levels & Reports for 8.7.2014”

Futures Levels and Economic Reports 7.24.2014

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 Thursday July 24, 2014

Hello Traders,

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

Getting Clues from other markets?

When day trading a specific market do you only look at the chart for that specific market? Maybe you took it a step further and you are viewing multiple time frame charts for the same market which is a good step in my eyes.

Now lets take this even one step further by observing what markets have correlation, direct or inverse to the market you are trading, perhaps this can help you make decisions when trading.

I will give a few examples from my experience:

When I am in a position in the mini SP 500, I will often observe what the bonds are doing ( many times inverse correlation), I will take notice of what the Dow, Russell and NASDAQ are doing as well ( direct correlation).

If I am trading crude oil, I will many times pay attention to what unleaded gas and heating oil are doing (very close, although not direct correlation) as well as what WTI crude is doing.

One more example may be when I have a position trade in beans and I will try to get a feel for the overall direction of the grain markets (is there a trend? are they sideways?) by looking at corn, wheat in general and then look to see what bean oil and soy meal which are by products of beans are doing.

One question that can be asked is “what do you mean observe this or that market”? and a good example will be:

Lets say I am short the mini SP 500 and I am not sure if to take profit or not. I look at the mini Russell and see that mini Russell just made new lows, that will give me more confidence to stay in my short position as I feel there might be more room to the downside.

Continue reading “Futures Levels and Economic Reports 7.24.2014”

Long Term Traders to Follow Futures Indices Prices on Last Trading Day of May

Posted on by Ilan

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday May 31, 2012

Hello Traders,

Heads up traders! front month for bonds, ten years and other financials is now September.

Front month for gold is August.

June is still front month for indices and currencies.

Mini Russell daily chart for your review below. An attempt to rally off the lows fizzled today and tomorrow can provide some clues for future direction. Tomorrow being the last day in May will provide some longer term traders with a fresh look at the weekly and monthly charts, so the close tomorrow may be significant.

Close below 760 may suggest new lows to follow, close above 780 may signal continued bounce higher.

Trade with patience, trade with discipline and good trading to all.

 

Daily chart of the mini Russell 2000 Index for your review below for your review:

mini Russell 2000 Index daily Continue reading “Long Term Traders to Follow Futures Indices Prices on Last Trading Day of May”

Equities Indices Futures Rollover Dates – ES, NQ, TF, EMD, YM – September 2011

Posted on by Ilan

The equities futures contracts affected are listed below:

Contracts Rollover Date New Month & Symbol
ES Thursday 9/8/11 December, ‘Z’
TF Thursday 9/8/11 December, ‘Z’
NQ Thursday 9/8/11 December, ‘Z’
EMD Thursday 9/8/11 December, ‘Z’
YM Thursday 9/8/11 December, ‘Z’

We recommend that all new positions be placed in the December contract as of Thursday’s trade date.

Please close any open September Currencies positions by the close on Friday, September 16th.

Should you have any further questions please contact your futures broker.

Futures Trading Levels, Stock Indeces Bounce Back

Posted on by Ilan

Strong bounce on stock indices today across the board. As one can see, market is volatile and one day it seems the market just can’t stop selling, the next it flips around and runs higher….part of volatility, part of uncertainty, fear and greed.

the only advice I can share at this point is be ready for the unexpected. Know yourself, what your goals are out of each trade, how much risk tolerance you have the stomach for and then and only then decide on a trading strategy.

Levels to be aware of as volatility will resume in the mini S&P 500 below:

Daily Futures chart of the S&P 500 from August 23rd, 2011

Daily Futures chart of the S&P 500 from August 23rd, 2011

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. Continue reading “Futures Trading Levels, Stock Indeces Bounce Back”

Futures Trading Levels, We Now Trade September Indeces and Currencies

Posted on by Ilan

Cannon Trading / E-Futures.com

June To September Rollover Notice

Please note that we are now trading September indices as well as September currencies.

Make sure you DO NOT HOLD ANY JUNE CURRENCIES in your account.

Should you have any further questions please contact your futures broker.

Daily chart of the DOW JONES CASH INDEX for your review below.

We have been trading lower on good volume and for now the trend points lower. Wishing you a great weekend and good trading week to come. Continue reading “Futures Trading Levels, We Now Trade September Indeces and Currencies”

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.