Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
“Motto” for the month: “Plan your trade, trade your plan”
With a new month starting, I thought I would share a monthly chart of the SP500 CASH INDEX.
Notice the FIBONACCI levels and how price action is so far respecting these levels.
Make it a great trading month in December.
Economics Report Source: http://www.forexfactory.com/calendar.php
Wednesday, December 1st 2010 — All reports are EST time
Challenger Job Cuts y/y
ADP Non-Farm Employment Change
Revised Nonfarm Productivity q/q
Revised Unit Labor Costs q/q
FOMC Member Yellen Speaks
ISM Manufacturing PMI
Construction Spending m/m
ISM Manufacturing Prices
Crude Oil Inventories
Total Vehicle Sales
All Day USD
Treasury Currency Report
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, Inc. Any statement of facts herein 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 judgment in trading!