Daily Support & Resistance Levels


Unemployment Report Tomorrow Morning 3.14.2017

March 13th, 2017 Filed under Future Trading News | Comment (0)

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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As of today you should be trading June eminis, June financials, June currencies…. 

You should not be trading ANY March positions. 

Below is a the daily chart of the JUNE mini SP the way I view it….

The Daily Chart of the JUNE Mini SP

Trader’s Interview 3.03.2017

March 2nd, 2017 Filed under Future Trading News | Comment (0)

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Heads up: Front month for energies is now April. Front month for bonds/ten years is June as of tomorrow. Front month for grains is May.

Another good read from our friend Peter Davies at JigSawtrading.com:

Ilan: Tell us a little bit about your trading background and how you got started trading.

Peter: In the mid 90’s I was a self employed IT Consultant and ended up living in Knoxville, TN, then I moved to Netherlands, then Denmark, then Japan and finally Thailand, where I ended up starting up an IT firm servicing the client I worked for in Japan. During this time, I managed to save a lot of money which was just sitting there. I ended up having my portfolio managed by a firm of financial advisors. After 3 years, they had lost 30% of the funds. Basically they got into everything that was hot the year before, a terrible strategy in hindsight. At one point, in a meeting with them, they told me they would get back the losses by leveraging my money. They said that all they needed was a 10% gain and the leverage would mean I recouped my losses. I asked them exactly how they would make that 10% gain and they said to me “Well, anyone can make a 10% gain given enough flexibility”. I politely re-determined them that if ‘anyone’ could make 10%, then they wouldn’t have lost 30%. I withdrew all my funds and figured if I was going to lose money, I might as well do it myself rather than paying them to do it for me.

I started out longer term investing but found that hit and miss and while I do still trade on mostly oversold stocks, it was day trading where I found techniques I was really comfortable with. Read the rest of this entry »


“I get paid to wait…..” 2.14.2017

February 13th, 2017 Filed under Future Trading News | Comment (0)

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Hello Traders

I heard this one today from a good client and wanted to share:

“I tell myself that I get paid to wait”

the client is a day-trader and was sharing with me that one of the biggest obstacles he had to overcome is the “need to look for trades” when nothing was there or how hard it is to be patient and wait for your set up. I thought I would share!

On a different note: Here is the recent press release mentioning Cannon Trading being #1 in two different categories!

Last but not least….a daily chart of US Dollar Index, which seems to be a major mover to many other markets. Currently on a bounce from a recent down trend correction and as always the big question is: will this bounce develop into another leg up or is this an opportunity to sell??


Another Leg Up in Gold Futures 2.07.2017

February 6th, 2017 Filed under Future Trading News | Comment (0)

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Nice upside breakout on gold! I included a daily chart for your review below along with support/ resistance levels – possible targets. 

On the other hand, ANOTHER LOW volatility, low volume, “dead action” in stock index futures. The last time I remember this was around summer of 2014 and December of 2013 where the ATR was less than 13 for more than a few days. Both times we witnessed a pretty good sell off following the tight ranges/ low volatility. No one can tell if this is what will happen next as the most famous disclaimer in our industry says: “Past performance is not indicative of future results” ….. 

Gold Daily chart:

GCE - Gold (Globex)Daily Chart, Equalized Active Daily Continuation


Options Webinar + Levels for Tomorrow 7.12.2016

July 11th, 2016 Filed under Future Trading News, Options Trading, Trading Webinar | Comment (0)

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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 Tuesday July 12, 2016

Hello Traders,

Options 101: Adding Options as a Weapon in Your Trading Arsenal

Join us for a webinar on Jul 12, 2016 at 1:00 PM PDT.

Register now!

Options on futures can be used in many different ways and as a trader you need to be aware of all the tools you can use!

Join us for a 45 -minute webinar on July 12th at 3:00 P.M., Central Time.
During this presentation, John Thorpe, Senior Broker with Cannon Trading and an ex floor trader will share with you :

  • Difference between Futures and Futures Options
  • Option as an Insurance product
  • Two components that make up the value of an option.
    a. Time Value
    b. Intrinsic value
  • Buying Options
  • Selling Options
  • Examples of Option Strategy recommendations

And much more…

This Webinar is intended for Traders with no options experience to the beginning student of options on futures, this Webinar is intended to be the first of two Webinars ending with Advanced Option Strategies.

SEATS ARE LIMITED, SO DON’T MISS THIS SPECIAL FREE WEBINAR!

Risk: 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

After registering, you will receive a confirmation email containing information about joining the webinar.

View System Requirements

Read the rest of this entry »

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