Futures Levels


Economic Reports and Futures Levels 12.16.2014

December 17th, 2014 Filed under Future Trading News | 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 December 16, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Our blog is nominated for the STAR award once again!

Trader Planet Competition

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Please vote for our blog at:

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Once there, scroll to the blog category and select

Daily Futures Trading Levels and Insight  as your first place and submit at bottom of the page!

WOW…December is turning out to be an extremely volatile month so far!

Much on the heels of the wild sell off in Crude Oil but nonetheless….

Quick update on some of the news behind the price action below:

TradeTheNews.com Weekly Market Update: Risk Off Resurfaces

Volatility made a big comeback this week as the S&P500 index saw its first weekly loss in two months and the crude meltdown showed no signs of letting up. After two solid months of declining oil prices, the more than 10% drop in WTI futures this week, from $65 to below $58/barrel, finally triggered some significant risk-off behavior over deflation concerns. Most market watchers continue to tout the economic benefits of lower oil prices, but the speed of the decline has become unsettling. The jittery market largely ignored more strong US economic data, including excellent November retail sales and a 7-year high in the University of Michigan confidence reading, and gave more weight to ugly European industrial production and CPI data. In China, the November CPI and PPI inflation readings were concerning, with CPI hitting a five-year low, while additional economic and political reports cemented the expectation that China will reduce its official growth target for 2015. The DJIA had its worst week since late 2011, dropping 3.7%, while the S&P500 fell 3.5% and the Nasdaq lost 2.7%.

US Treasury yields have seen a notable contraction this week. On Friday, the 30-year UST ended around 2.74%, the lowest weekly close since the end of 2012. The yield on the 10-year UST fell as low as 2.09% (Recall that during the height of the Ebola angst in mid-October, the 10-year and 30-year yields briefly dipped as low as 1.86% and 2.67%, respectively). Spreads have narrowed as short-dated yields climbed in preparation for Fed tightening, further flattening out the yield curve.

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Futures Levels & Economic Reports 12-12-2014

December 11th, 2014 Filed under Future Trading News | Comment (0)

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

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Friday June 13, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

FRONT MONTH for stock index futures is now March 2015 (H5).

Make sure you are trading the March 2015 contract (H5).

Our blog is nominated for the STAR award once again!

Trader Planet Competition

Trader Planet

Please vote for our blog at:

www.traderplanet.com/l/qYd

Once there, scroll to the blog category and select

Daily Futures Trading Levels and Insight  as your first place and submit at bottom of the page!

I did an analysis of the major indices for equities.com along with charts and levels to watch over the next few days/weeks.

Visit:

http://www.equities.com/editors-desk/economy-markets/looking-at-stock-index-futures-for-clues-as-2014-comes-to-a-close

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Futures Levels and Economic Reports 2.26.2014

February 25th, 2014 Filed under Future Trading News | Comments Off on Futures Levels and Economic Reports 2.26.2014

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

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 February 26, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Range bound, directionless trading today in stock index futures. Markets are pushing against all time highs and it will be interesting to see what kind of action we get.

So in hindsight, today’s trading environment was suitable for buying support, selling resistance. Trying to scalp the ranges as there was no real volatility or break out. Today’s action encouraged me to share a quick paragraph I wrote about the different types of trading days:

  •  My opinion is that there are 3 main types of trading days.

1. Most common is two sided trading action with swings up and down – this type of trading day is most suitable for using support and resistance levels along with overbought /oversold indicators.

2. Strong trending day, mostly one directional – this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most – this type of trading day is most suitable for using ADX, MACD crossovers and pretty much looking for pullbacks to jump on the trend

3. Slow and/ or choppy trading day – this type of trading day is best suited for taking small profits from the market by looking at volume spikes, using stochastics as possible entry signals and usually wait for a pullback before jumping in.

  •  Good question is how can one asses what type of trading day we will have while the market is still trading….I am doing some work about it and will be happy to hear feedback via email but here are some initial observations:
    1. Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session ( primary session is when the cash/ stock market is open)
    2. Mondays have the highest chance for trending days
    3. The behavior of the first hour of trading can also suggests the type of action for the rest of the day.
    4. If the first 30 minutes have good volume, better chances for type 1 or type 2 trading days.
    5. low volume during first 30 minutes can suggest a choppy (type 3 trading day)

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