Weekly Market Update

Silver Futures Insight 3.17.2016

March 16th, 2016 Filed under Day Trading, Future Trading News, Futures Trading | Comment (0)

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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 March 17, 2016

Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Greetings!

A note on Silver by my colleague, John Thorpe who has over 25 years of experience starting on the floor of the CBOT.

Silver Futures

Here is a daily chart with simple moving averages, a 25 day slow and 10 day fast, the buy signal is still intact. With the fast(red) SMA penetrating the slow (blue) from underneath. RSI in the neutral range.

Daily Silver Futures Chart With Simple Moving Averages

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FOMC Tomorrow and Managing Trading Size 3.16.2016

March 15th, 2016 Filed under Future Trading News, Futures Trading | Comment (0)

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Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Greetings!

FRONT MONTH for STOCK INDEX is JUNE!!

The FOMC interest rate decision is due at 2:15 ET in the US tomorrow ( Wednesday, March 16th ). Also more than a few economic numbers ahead of the announcement.

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

The following are suggestions on trading during FOMC days:

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Rollover Notice for Stock Index Futures 3.10.2016

March 9th, 2016 Filed under Future Trading News, Futures Trading | Comment (0)

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Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Greetings!

I personally will start trading the June mini SP this Friday but most traders will rollover tomorrow:

Rollover Notice for Stock Index Futures

Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, March 10th, at 8:30 am CDT Time is rollover day.

Starting March 10th, the June 2016 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the June 2016 contract as of March 10th. Volume in the March 2016 contracts will begin to drop off until its expiration on Friday March 18th.

The month code for June is M6.

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

Please close any open March Currency positions by the close on Friday the 11th.

Should you have any further question please contact your broker.

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Crude Oil Heikin-Ashi Charts 3.09.2016

March 8th, 2016 Filed under Crude Oil, Future Trading News | Comment (0)

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Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Greetings!

Crude Oil inventories tomorrow at 10:30 AM EST, like almost every Wednesday. On weeks when we have long weekends, the report will come out Thursday.

below you will see 1 minute chart from the last two reports, as they say, picture is worth a 1000 words….

Wednesday March 2nd 2016

Crude Oil Heikin-Ashi Charts March 2nd 2016

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Keeping A Futures Trading Journal 3.02.2016

March 1st, 2016 Filed under Future Trading News, Futures Trading | Comment (0)

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Hello Traders,

For 2016 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Greetings!

I have written in the past about the importance of keeping a trading journal.

Many benefits for doing so. From the mental / emotional aspect to the bottom line of keeping notes on market behavior which you can use down the road.

A good example is trading on the last trading day of the month ( example for me is that I dont run one of my systems for bonds on the last trading day of the month). Another example is behavior of markets ( look at stock index futures) on the first trading day of the month.
I think part of the reason for the unique market action ( not always but quite often) during these two days is the activity of large traders, CTA’s who need to report monthly performance, institutions who may need to establish longer term positions on the first of the month etc.

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