Day Trading Stocks vs Day Trading Futures 2.16.2017

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Day Trading Stocks vs Futures 2.16.2017

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Day Trading Futures vs. Day Trading Stocks

No Downtick Rule

With Futures there are NO downtick and/or short sale rules as found in daytrading equities. No boxing of positions and no bullets. You can instantly short anytime at any price.

Tax Advantage

Commodities are taxed differently than securities. The net gain or loss from trading commodities is reported on schedule D (capital gains and losses); 60 % of the amount is taxed as a long-term capital gain and 40% is taxed as a short-term capital gain. Active Securities Traders have all gains taxed as short term vs. commodities traders who have the above treatment.

24 Hour Market Access

With Electronic Screen traded E-Mini Contracts you can access the market during regular equity trading hours, after hours and during the night. This makes trading news easier as many news events happen after 3:00 pm and late in the afternoons.

More Leverage

You can control more exposure with the same capital than in equities.

Lower Cost Commissions It costs an average of $5-$9 per ticket to actively trade equities, compared with futures where it is $1.26 to $2.00 per ticket – less than half the price. 

The Catch?

They can be more risky than equities.

Trading the E-Mini futures contracts can be more exciting and faster paced than traditional equity markets day trading. Your emotional swings can be more excessive with futures because they are so much more liquid than the equity markets that you may be used to trading. And you have more leverage to play with. These products are for professionals only. Please read carefully the risk disclosure forms on this site and all of the risk disclosure forms found in your account paperwork before considering trading futures. 

More Trading Education available here!


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.

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Futures Trading Levels

Levels for Trade Date of 02.16.2017

Contract March 2017  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2373.58 5359.17 20783 1429.83 102.31
Resistance 2 2361.67 5332.58 20694 1417.67 102.03
Resistance 1 2355.08 5318.42 20647 1410.93 101.53
Pivot 2343.17 5291.83 20558 1398.77 101.25
Support 1 2336.58 5277.67 20511 1392.03 100.76
Support 2 2324.67 5251.08 20422 1379.87 100.48
Support 3 2318.08 5236.92 20375 1373.13 99.98
Contract Apr. Gold March Silver Mar. Crude Oil Mar.  Bonds March  Euro
Resistance 3 1256.5 18.29 54.22 152 1.0732
Resistance 2 1245.5 18.14 53.87 151 12/32 1.0676
Resistance 1 1239.6 18.05 53.44 150 23/32 1.0644
Pivot 1228.6 17.90 53.09 150  3/32 1.0588
Support 1 1222.7 17.82 52.66 149 14/32 1.0556
Support 2 1211.7 17.67 52.31 148 26/32 1.0500
Support 3 1205.8 17.58 51.88 148  5/32 1.0468
Contract March  Corn March Wheat Mar. Beans March SoyMeal Mar. Nat Gas
Resistance 3 388.5 466.7 1089.67 360.73 3.06
Resistance 2 383.8 461.1 1075.58 353.97 3.03
Resistance 1 381.3 457.9 1068.42 350.43 2.98
Pivot 376.5 452.3 1054.33 343.67 2.95
Support 1 374.0 449.2 1047.2 340.1 2.9
Support 2 369.3 443.6 1033.08 333.37 2.86
Support 3 366.8 440.4 1025.92 329.83 2.82

All times are Eastern time Zone (EST)


Date 3:54pm Currency Impact Detail Actual Forecast Previous Graph
ThuFeb 16 4:00am EUR
Italian Trade Balance
4.00B 4.20B
Tentative EUR
Spanish 10-y Bond Auction
7:30am EUR
ECB Monetary Policy Meeting Accounts
8:30am USD
Building Permits
1.23M 1.21M
Philly Fed Manufacturing Index
18.5 23.6
Unemployment Claims
243K 234K
Housing Starts
1.23M 1.23M
10:30am USD
Natural Gas Storage
-130B -152B

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.

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