FOMC Reaction in the Futures Market & Support and Resistance Levels 11.04.2021

November 3rd, 2021 Filed under Future Trading News, futures trading education | Comment (0)

Dear Futures Trader,

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FOMC came out and stocks reacted with another leg up – what’s next?

FEDERAL RESERVE BEGAN

TAPPERING ITS $120 BILLION A MONTH PROGRAM.

$10 BILLION A MONTH OF

TREASURIES

$5 BILLION A MONTH OF

MORTGAGE BACKED SECURITIES

WAS:

$80 BILLION OF TREASURIES

$40 BILLION OF MORTGAGE BACKED

$1.44 TRILLION FOR THE YEAR

Gold sold off before hand and only bounced slightly.

Bonds sold off slightly.

Crude sold off the most but in my opinion it was API/ OPEC related and not FOMC related.

Many times, the real reaction to FOMC comes out the next day so price action, asset allocation across the different markets is important to watch.

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

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 when it comes to Futures Trading.

Futures Trading Levels

11-04-2021

Futures Support & Resistance Levels 11.04.2021

Economic Reports, source:

https://bettertrader.co/

BetterTrader Economic Reports 11.03.2021

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.

Getting Stopped Out on the Highs and Lows? Read This Article….11-18-2016

November 18th, 2016 Filed under Crude Oil, Future Trading News, Options Trading | Comment (0)

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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 November 18, 2016

Greetings!

Dear Traders,

Many of you shared with me how frustrated you get when you get stopped out only to see the market goes back to where you wanted it to or positioned for….

This article by my colleague John Thorpe, talks about using weekly mini SP 500 options and can be applied to gold, bonds, crude oil and other markets that have weekly options. Must read.

Weekly Mini S&P option contracts

There are 100’s of indicators available to traders to assist with decision making that can be applied to technical analysis, which is precisely the reason to utilize a sound and inexpensive weekly ES strategy to compliment a day trading strategy.

There are two main uses for the Weekly options

As a hedge, no need for stops
As a pure speculation. A relatively inexpensive way to speculate on market direction in a time frame that can be for minutes, hours or a few days without the need to use stops.

Read the full article!

Read the rest of this entry »