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 Thursday July 8, 2014
For 2014 I would like to wish all of you discipline and patience in your trading!
Hope everyone had a nice 4th of July weekend and ready for the rest of July.
First, be aware that earning season has started and that can create moves in stock index futures during the afternoon session/ early morning times.
On a different note, some updates regarding Ninja Trader.
As most of you have heard Ninja Trader who used to be a software company ONLY, has gotten into the brokerage business by acquiring Mirus futures.
What it means to most traders who are looking to trade using Ninja Trader along with Rithmic data feed, is that they will have to use one firm and one firm only, Ninja trader brokerage. In my opinion, this is a move towards monopoly which is not a good thing to the end user/ client.
If you like to use Ninja Trader and still enjoy Cannon Trading superb customer service, you can do so by opening an account with Cannon Trading by July 15th
Current Cannon Trading clients who use Ninja Trader are grandfathered in and will be able to continue using Ninja Trader through cannon Trading for the life of the account.
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