Daily Support & Resistance Levels

Seasons of the Markets… 6.29.2016

June 28th, 2016 Filed under Future Trading News, Futures Trading | 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 Wednesday June 29, 2016

Hello Traders,

I must say that volatility, markets wore me down these past few days and I ran out of added value to share today…..instead here is a link to good article we wrote a while back:

https://www.cannontrading.com/tools/the-seasons-of-the-futures-market

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BREXIT Aftermath 6.28.2016

June 27th, 2016 Filed under Future Trading News | Comment (0)

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Hello Traders,

It seems that all the hype about Brexit was proper…The volatility we saw Thursday night, Friday day, last night and most of this morning session was extreme.

Especially Thursday night/ early Friday morning. Gold made a move of about $100 in few hours, bonds about 5 full points and SP500 was down almost 100 points or so in matter of hours….

The Brexit and potential other exits from the European Union created a new trading/ financial environment.

I think we will continue to see some volatility but not to the extreme we witnessed the last 72 hours.

Understand it, research it and adjust your trading accordingly.

My recommendation is to be extra patient with your entries as you will need to use wider stops than normal.

Feel free to contact us here at Cannon with any questions/ feedback etc.

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Brexit Time Table – Volatility Ahead! 6.24.2016

June 23rd, 2016 Filed under Future Trading News | Comment (0)

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Hello Traders,

Much has been written about the vote in the UK to exit or stay with the European Union, “BREXIT”.

The voting begins at 7AM (UK) and closes at 10PM (UK) on Thursday June 23.

We expect this to create some extreme volatility in many markets for the next few days and encourage all of you to be aware and use conservative approach rather than aggressive approach.

I will share two sayings I heard last few days….

“Better to be a live chicken than a dead duck……”

“Don’t go out picking flowers during a hurricane….”

A quick article/outlook with chart I wrote for Equities.com

https://www.equities.com/news/the-million-dollar-question-the-british-pound-and-brexit

Time Table ( Eastern Time and Pacific time below)):

Here’s a rundown of the key times to watch Thursday through early Friday morning.

Time (U.S. Pacific Time in parenthesis)	Event
Thurs. 7:00 A.M. (11 P.M.Wed.)	Polling stations open
Thurs. 10:00 P.M. (2 P.M.)	Polling stations close, no exit polls
Thurs. around 11:30 P.M. (3:30 P.M.)	First announcements on voter turnout
Fri. 12:30 A.M. (Thurs. 4:30 P.M.)	Results expected for first counting areas
Fri. 3-4:00 A.M. (Thurs. 7-8:00 P.M.)	Results from half of the counting areas are in
Fri. around 5:00 A.M. (Thurs. 9:00 P.M.)	About 80% of counting areas have reported results
Fri. 7 A.M. (Thurs. 11:00 P.M.)	All votes are likely to have been counted and the official result is expected shortly after.

Feel free to call us at 800-454-9572 with any questions.

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BREXIT May Create Extreme Volatility 6.23.2016

June 22nd, 2016 Filed under Future Trading News, Trading Guide | Comment (0)

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Hello Traders,

Much has been written about the vote in the UK to exit or stay with the European Union, “BREXIT”.

The voting begins at 7AM (UK) and closes at 10PM (UK) on Thursday June 23.

We expect this to create some extreme volatility in many markets for the next few days and encourage all of you to be aware and use conservative approach rather than aggressive approach.

A quick article/outlook with chart I wrote for Equities.com

https://www.equities.com/news/the-million-dollar-question-the-british-pound-and-brexit

While some of our platforms will maintain normal day trading margins, other platforms will require higher day trading margins over the next few days.

Most markets will require 100% of the overnight margins for day trading as well with some markets like currencies may even require 200%. This will not affect our clients trading with transactAT or Shogun at this time.

Feel free to call us at 800-454-9572 with any questions. Read the rest of this entry »

BREXIT Decision Coming Soon 6.22.2016

June 21st, 2016 Filed under Future Trading News | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Hello Traders,

Much has been written about the vote in the UK to exit or stay with the European Union, “BREXIT”.

The voting begins at 7AM (UK) and closes at 10PM (UK) on Thursday June 23.

We expect this to create some extreme volatility in many markets for the next few days and encourage all of you to be aware and use conservative approach rather than aggressive approach.

While some of our platforms will maintain normal day trading margins, other platforms will require higher day trading margins over the next few days.

Feel free to call us at 800-454-9572 with any questions.

Read the rest of this entry »