Market Volatility
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Market Volatility


Weekly Newsletter 1077: Adjust your Trading with Volatility & Futures Levels for the Week Ahead

December 3rd, 2021 Filed under Future Trading News, Index Futures, Indices, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Letter Issue # 1077

Dear Traders,

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Trading 201: Adjust your Trading with Volatility

Unemployment report along with Omicron along with an already “very spicy markets” encouraged me to share some of the following pointers.
Hope it helps.
*While I have no idea were the market is going from day to day, minute to minute, week to week etc. I do know that in the past, some of the sharpest and largest rallies were short covering after a large sell off. More often than not market sell offs and volatility like we are seeing do not end up as V type of action but more like U or W when it is all said and done.
*Expect the unexpected…
* Have an idea of what you are looking to do, keep in mind possible risk and have a game plan. Now more than ever, plan your trade and than trade your plan!
* Think money management, hedging risk while you are still trying to figure out how to profit.
* Know what is going on, reports, current margins, current limits and more.
  • Consider short term options instead of futures and/or MICROS
*Trade smaller. The bands are much larger. Watch the VIX.
* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.
* Wash hands, take this seriously and do your best to stay healthy….
My colleague, John Thorpe, Ex floor broker, contributed the following on the VIX and the VVIX:
We recommend all stock indices intraday traders to keep an eye on the VIX for directional clues and study, many of you have access through other means to view this critical trading barometer, VIX now trades 5 days per week ,23 hours per day. if you need to add the VIX data to your trading platforms , it’s 3 bucks per month, penny wise and pound foolish if you don’t. Contact your broker on how to add the Volatility Index traded through the CBOE to your trading platform

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

12.05.2021

Futures Trading Support & Resistance Levels 12.05.2021

 

Weekly Levels

Futures Trading Support & Resistance Weekly Levels

 

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

MRCI Reports

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


VERY VOLATILE Trading Day in the Futures Markets & Support and Resistance Levels 12.02.2021

December 1st, 2021 Filed under Future Trading News, futures trading education | Comment (0)

Dear Futures Trader,

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If the first day of December is any indication of what’s to come….then watch out because it was a VERY VOLATILE day.

While risking sounding like a broken record,.. I must share the below once again – you need to adjust your thinking , action and discipline or risk blowing up your account if caught in any of the following:
Not being focused
not using stops
revenge trading
hoping
doubling down
etc.
  1. Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
  2. Adjust stops and entries based on volatility ( ATR/ Parabolics).
  3. Be extra picky on entries without chasing trades.
  4. Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
  5. Focus more on risk management and ways to protect certain positions as needed. Survive to trade another day.
  6. Consider possibly utilizing short term options rather than futures.
Useful link, just in case – LIMIT PRICE MOVES

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

12-02-2021

Support and Resistance Levels 12.02.2021


Economic Reports, source: 

https://bettertrader.co/ 

 

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.


Keeping an Eye on Market Volatility in the Pit S&P | Support and Resistance Levels

September 27th, 2011 Filed under Futures Trading | Comments Off on Keeping an Eye on Market Volatility in the Pit S&P | Support and Resistance Levels

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily S&P 500 Futures Chart
4. Economic Reports
5. Earnings Releases

1. Market Commentary

We closed the first gap on the pit session/ BIG SP as you can see below.

If market has more volume on the buy side, the next target is 1185, on the other hand if volume dries out up in these levels, I will be watching price action around 1149 and 1129 before deciding which way offers better risk/ reward.

At this point, I am neutral and will wait for market to give me some clues before deciding which way to attack.

Daily SP 500 chart for your review below: Read the rest of this entry »


Higher Market Volatility During Labor Day Weekend | Support and Resistance Levels

August 31st, 2011 Filed under Futures Exchange, Futures Trading | Comments Off on Higher Market Volatility During Labor Day Weekend | Support and Resistance Levels

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Economic Reports
4. Highlighted Earnings Releases

1. Market Commentary

Next two days are full of economic reports and ahead of Labor Day weekend.

I expect even higher volatility the next two trading days.

Wishing you a great trading month in September.

Our weekly newsletter, includes a good article on volume/ open interest along with Holiday Trading Hours.

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. Read the rest of this entry »


Market Volatility During the Jackson Hole Symposium | Support and Resistance Levels

August 25th, 2011 Filed under Future Trading News | Comments Off on Market Volatility During the Jackson Hole Symposium | Support and Resistance Levels

I am going to write exactly what I shared yesterday. VALID and worthy….but to add I also included a chart of the mini SP with some levels to watch for. 1197 is my resistance and 1141 is support. As mentioned below, we expect HIGH VOLATILITY!

We expect volatility to peak as we approach Friday, ahead of the weekend with Fed Chairman Bernanke speaking In Jackson Hole and Quarterly GDP numbers due early.

Plan for the unexpected. If you are a swing / position trader make sure you have enough “cushion” to sustain these volatile moves and make sure you understand your margin requirements and obligations.

On a different note, GREAT article about “Beliefs” and Trading by Dr. Janice Dorn in our weekly newsletter.

Daily Futures chart of the S&P 500 from August 25th, 2011

Daily Futures chart of the S&P 500 from August 25th, 2011

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. Read the rest of this entry »

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