S&P 500


Mini S&P Hits New Highs & Futures Levels & Economic Reports 12.19.2013

December 19th, 2013 Filed under Future Trading News, Futures Trading | Comments Off on Mini S&P Hits New Highs & Futures Levels & Economic Reports 12.19.2013

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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 Thursday December 19, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

We need your votes!!

I have gotten and getting great feedback from many of you and would appreciate if you can take a couple of seconds to vote at:

 

 

Trader Planet Award

 

Also keep in mind that March is now the front month for stock indices, financials, currencies and grains!
What a wild ride today following the FOMC !!

Two charts for your viewing pleasure….one is an 8 tick range bar of the mini SP. Note it took the market 4 hours to complete the same range ( volume as well) it did in about 2 minutes right after FOMC ( if you read my blog yesterday, you hopefully listened and stayed out of the market during the minutes before and right after as I feel it is a pure gamble) –  so first chart just to demonstrate the volatility after the report.

 

ESh4 2.00 mg #2 E-Mini SP

ESh4 2.00 mg #2 E-Mini SP

Second chart is a daily chart of the March mini SP along with possible levels both above and below.

 

 

EP - E Mini S&P 500, Equalized Active Daily Continuation

EP – E Mini S&P 500, Equalized Active Daily Continuation

Read the rest of this entry »


Mini S&P Daily Chart, Futures Levels & Economic Reports 12.17.2013

December 16th, 2013 Filed under Future Trading News, Futures Trading | Comments Off on Mini S&P Daily Chart, Futures Levels & Economic Reports 12.17.2013

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 Tuesday December 17, 2013

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading! 

Busy week ahead! Many diff. reports coming out this week with FOMC decision this Wednesday.

We saw some volatility in the overnight session on the SP 500 but very tight range once the cash market opened.

As far as market outlook, we are at a junction again, like we were back on Nov. 8th when the market declined for a bit and then made a new low only to close much higher. We saw similar action today ( I circled both today’s and Nov. 8th ). The big question is if new highs are awaiting or is this is just a bounce. I think answers will come by the end of the week ( might be too late, I wish we knew the answer in advance) but for now I am treating this market as a very wide decision channel between today’s lows at 1754 and recent high at 1805.75 basis the March contract.

 

Chart for your review below:

EP - E Mini S&P 500, Equalized Active Daily Continuation

EP – E Mini S&P 500, Equalized Active Daily Continuation


Important Factors When Choosing a Futures Broker

August 20th, 2013 Filed under Futures Broker, Futures Trading | Comment (0)

Choosing a Futures Broker can be somewhat of a daunting task. Most popular factors I see considered: cost, customer service, experience and knowledge. Going through the process of one’s own due diligence of researching your broker’s firm, trying a futures platform and comparing costs is a process one must take to find a broker that fits him or her.

Being a broker myself, I hear many concerns about cost before I even here about the type of future trading platform one would like to be set up with that fit his or her trading style. Please note cost should not be all when choosing a futures broker. Most reasonable and competitive commission quotes, for example the mini S&P cost less than half a tick. Unless you are trading high volume, less than half a tick should not hurt your account balance per round turn. When you look for “deep discount” commodity brokers, these brokers may provide you with an appealing commission cost but they may lack quality service and or even knowledge of the futures/commodities markets. This happens countless times in the industry; where clients will sacrifice service and knowledge of a broker for fifty cents less in commission because a lower commission cost seems to be more important for a client. Please be aware commission costs are only one ingredient of choosing a broker when trading futures.

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Futures Trading Levels

A more important component, I believe to be than cost when choosing a futures broker is customer service. Always note how long it takes your broker to respond for example to an email you send him or her. Does your broker respond in a timely manner? If your request was urgent did he/she give you the attention that’s required to solve the issue? These are very important factors one must consider when choosing a broker. If you, the client, end up with a commodities broker who is non responsive and not willing to help when the time is needed, there will be no value in you having a broker.

Look for the added values your broker can provide to help increase your success in futures trading, such as experience and knowledge. In my opinion, a great futures broker wants their clients to be successful in futures trading. Never be afraid to use your broker to pick his or her brain about the futures markets you are trading; go over strategies that you are using but may not be working for you. You choose your broker for a reason and your broker’s job is to service your futures account; be able to help you with your trading platform and every so often give his or her opinion of the markets you are trading if it’s asked by the client. In many “deep discount” firms, brokers seem to lack this type of service. I have seen many times where the client is left to figure out the platform themselves and are trading blindly because they lack direction from a licensed broker.

Although I agree that cost is a large component when choosing a broker, always consider the other factors such as customer service, knowledge and experience. Because if a broker lacks those three qualities but can provide you only cost, you may see your account having a shorter life span in the futures markets.

SPECIAL NOTE: 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.


Futures Trading Levels and Economic Reports for February 18, 2011

February 18th, 2011 Filed under Future Trading News, Futures Broker, Futures Exchange, Futures Trading, futures trading education | Comments Off on Futures Trading Levels and Economic Reports for February 18, 2011

Daily chart of crude oil for your review below:

S&P500 daily trading levels February 18

Life After Mini SP – Day Trading Crude Oil Futures “Buying the Fear, Selling the Greed”

Join us for a Webinar on February 23

Space is limited.
Reserve Your Webinar Seat Now at:
https://www2.gotomeeting.com/register/477215826 Read the rest of this entry »


Futures Trading Levels and Economic Reports for December 7th 2010

December 7th, 2010 Filed under Future Trading News, Futures Broker, Futures Exchange | Comments Off on Futures Trading Levels and Economic Reports for December 7th 2010

Today was a “slow trading day” when it came to stock indices, which leads me to a good point I would like to make. Most of our day traders, trade the e-mini stock index futures, mostly the mini SP because of its heavy daily volume and exposure.

However, I think that day-traders should be able to follow at least another market, maybe even two additional markets and look for different set up in these markets as well.

Good example from today is the Euro currency. While the mini SP was pretty dead….the Euro had nice range, good volatility and good volume which presents both risks and opportunities for day-traders.

Obviously, before you start trading a new market you should educate yourself on tick size, trading hours, “personality”, when is there more volume in that specific contract etc.

If you do so, I think you will achieve a couple of things, first is diversification. While some days trades in certain market may not work, trades in a different market may provide balance.

Also, if on certain days, certain markets are “sleepy” ( which most day-traders do NOT like), another market may have more action….

As always, do your homework, practice in simulation mode first and make sure you understand the “new contract” you may be trading along with the risks involved.

Below is a screen shot of the Euro Currency from todays webinar session :
( free trial at – https://www.cannontrading.com/tools/intraday-futures-trading-signals )

SP-500-Day-Trading-2010-12-07 Read the rest of this entry »

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