Support and Resistance

FOMC + Trading Levels and Economic Reports for May 1, 2013

April 30th, 2013 Filed under Future Trading News | Comments Off on FOMC + Trading Levels and Economic Reports for May 1, 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 Wednesday May 1, 2013

Hello Traders,

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

The next 3 days can experience quite a bit of volatility in variety of markets.

We have ADP employment report tomorrow VERY early. Midday we will have FOMC. Thursday will start with rate decision over the EU and Friday is the monthly non farm payroll report. All these reports are market moving and will affect stock index futures, financials, metals, energies and other markets.

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Futures Trading Levels and Economic Reports for April 12, 2013

April 11th, 2013 Filed under Future Trading News, Metal Futures | Comments Off on Futures Trading Levels and Economic Reports for April 12, 2013

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

Not much to write today but two excellent articles about trading which you can read at:

https://www.cannontrading.com/community/man-vs-markets-futures-trading-blog

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Futures Trading Levels and Economic Reports for April 9, 2013

April 8th, 2013 Filed under Future Trading News | Comments Off on Futures Trading Levels and Economic Reports for April 9, 2013

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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 Tuesday April 9, 2013

Hello Traders,

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

I am getting excellent feedback on the daily email, information and trading levels and I appreciate it!

I would like to ask you for a small favor in return….

If you are a member on Elite trader and/ or use google plus –

Please take a moment to write a positive review on our services/ firm at:

http://www.elitetrader.com/br/?action=view&R_FirmID=229

https://plus.google.com/104474120507024800084/about

On a different note, earnings season is starting today and will play a role in the intraday moves/ overnight moves of stock index futures.

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Trading Levels and Economic Reports for April 5, 2013

April 4th, 2013 Filed under Future Trading News | Comments Off on Trading Levels and Economic Reports for April 5, 2013

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

Monthly unemployment report tomorrow or as we call it non farm payroll.

The report comes out at 7:30 AM central and is usually a market mover and increases volatility for the rest of the session.

Source	Bureau of Labor Statistics (latest release)
Measures	Percentage of the total work force that is unemployed and actively seeking employment during the previous month;
Usual Effect	Actual < Forecast = Good for currency;
Frequency	Released monthly, usually on the first Friday after the month ends;
Next Release	May 3, 2013
Why Traders Care	Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions;
Also Called	Jobless Rate;

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Trading Levels and Economic Reports for April 4, 2013

April 3rd, 2013 Filed under Future Trading News, Future Trading Platform | Comments Off on Trading Levels and Economic Reports for April 4, 2013

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

I mentioned yesterday :So far most selling in stock index futures are met with volume buying at lower levels. I wish I had an idea of how long this would last….but I don’t. What can change the dynamics are the few employment reports we have this week. Starting with tomorrow ADP report, Thursday weekly report and non-farm payroll ( the big report) this

Friday.

It seems that this morning ADP report but actually more so ISM actually gave stock index a lower break for the first time in a while.

I am sharing with you daily chart of mini Russell for your review and possible support/ resistance levels.

mini russell daily chart