Futures Trading Online

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1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday June 15, 2012

Hello Traders,

Hello Traders,

Tomorrow ( Friday June 15th) is quadrupole witching day. Stock options, futures, futures options and single stock futures ALL expire.

Below is from a colleague of a colleague….

ALSO June currencies are about to enter delivery stage, which can be costly. I highly recommend starting to trade September currencies as of Friday morning .

Be disciplined, be patient and trade well!

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Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday June 14, 2012

Hello Traders,

First off heads up on some contract months changes:

1. Front month for stock indices, financials and many other markets is September.

2. June mini SP, mini NASDAQ, Russell, Dow etc. will expire Friday morning right before the open, so make sure you start trading September if you have not already done so!

3. June currencies are about to enter delivery stage, which can be costly. I highly recommend starting to trade September currencies as of Friday morning .

As far market direction, SP 500 still looks to be locked in between 1297 – 1342. My guess is that which ever way we going to break first will have chance for momentum continuation.

Be disciplined, be patient and trade well!

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.

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

4. Support & Resistance Levels for Corn, Wheat, Beans and Silver

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Thu Jun 14	2:00am	EUR		German WPI m/m			-0.4%	0.5%
	4:00am	EUR		ECB Monthly Bulletin
	5:00am	EUR		CPI y/y			2.4%	2.4%
	5:00am	EUR		Core CPI y/y			1.6%	1.6%
	All Day	ALL		OPEC Meetings
	8:30am	USD		Core CPI m/m			0.2%	0.2%
	8:30am	USD		Unemployment Claims			377K	377K
	8:30am	USD		CPI m/m			-0.2%	0.0%
	8:30am	USD		Current Account			-132B	-124B
	10:30am	USD		Natural Gas Storage			55B	62B
	1:00pm	USD		30-y Bond Auction				3.09|2.7

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 herein 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 judgment in trading

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday June 13, 2012

Hello Traders,

Gold is holding some levels and starting to build somewhat of a bullish base in an attempt to make a run and break the 1641 high from last week?

I think so but in between I wanted to share with you a screen shot from today’s trading session of my intraday gold chart.

Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above and be able to apply for any market and any time frame on your own PC ? You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts IN ADDITION to your free access into the “Live charts/ trading signals” room.

I think so but in between I wanted to share with you a screen shot from today’s trading session of my intraday gold chart.

To start your trial, please visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

Or
send me an email with the following information:

1. Are you currently trading futures?
2. Charting software you use?
3. If you use sierra or ATcharts, please let me know the user name so I can enable you
4. Markets you currently trading?

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If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

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Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday June 12, 2012

Hello Traders,

Stock index futures pretty much gave up all their gain from Friday session and finished today on a bearish note.

The question is whats ahead for stock index futures and in the case of the chart below, the mini SP 500?

My opinion is that the fundamental news, which are coming out, mostly news from Europe will have importance. Most traders are technical by nature, i.e they make decisions based on chart formations. I fall into this category myself BUT it is important to be aware of economic reports times and different news affecting the markets you trade.

In the case of the mini SP 500 chart seen below, I see both open interest and volume rising while the trend strength is low in this case. Meaning the down trend that developed over last few weeks on the daily chart is not as a strong. That suggests more price action like we have seen over the past few sessions, strong days up, followed by strong days down etc.
My reading is that an hourly close below 1298 level, can trigger the next leg down.

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