Dow Jones Weekly Chart and 8 Steps on the Road to Trading 1-05-2018

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Dear Traders,

Dow broke 25,000!!

A good, quick read on certain steps every trader needs to go through ( in my opinion) available at:

https://www.cannontrading.com/tools/8-steps-to-successful-trading1

Dow Cash Weekly chart:

Dow Cash Weekly chart

On a different note, remember that monthly unemployment numbers come out tomorrow morning!!

Please keep in mind that our brokers here at Cannon are available to chat about the markets, trading techniques, mental aspects of trading and much more. Feel free to pick up the phone and call us at 310 859 9572 any time.

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.

Futures Trading Levels

1-05-2018

Contract March 2018  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2752.33 6657.17 25331 1573.57 16556.19
Resistance 2 2740.67 6637.33 25206 1568.83 15977.03
Resistance 1 2731.83 6619.67 25127 1562.47 15462.67
Pivot 2720.17 6599.83 25002 1557.73 14883.51
Support 1 2711.33 6582.17 24923 1551.37 14369.15
Support 2 2699.67 6562.33 24798 1546.63 13789.99
Support 3 2690.83 6544.67 24719 1540.27 13275.63
Contract Feb. Gold Mar. Silver Feb. Crude Oil Mar.  Bonds Mar.  Euro
Resistance 3 1351.9 17.67 62.84 153 13/32 1.2241
Resistance 2 1339.6 17.50 62.52 152 29/32 1.2191
Resistance 1 1331.7 17.38 62.22 152 19/32 1.2155
Pivot 1319.4 17.20 61.90 152  3/32 1.2105
Support 1 1311.5 17.08 61.60 151 25/32 1.2070
Support 2 1299.2 16.91 61.28 151  9/32 1.2020
Support 3 1291.3 16.79 60.98 150 31/32 1.1984
Contract Mar.  Corn Mar. Wheat March Beans Mar. SoyMeal Feb. Nat Gas
Resistance 3 354.5 441.3 981.17 326.70 3.25
Resistance 2 353.5 438.7 975.08 323.60 3.16
Resistance 1 352.3 436.3 971.42 321.70 3.02
Pivot 351.3 433.7 965.33 318.60 2.93
Support 1 350.0 431.3 961.7 316.7 2.8
Support 2 349.0 428.7 955.58 313.60 2.70
Support 3 347.8 426.3 951.92 311.70 2.56

Economic Reports, source: 

http://app.bettertrader.co

Economic Reports - Friday, Jan 5th 2018

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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