Futures Trading Levels and Economic Reports for January 21, 2011

Last two days we saw the first meaningful price decline in more than a few good weeks.

Still we are not getting a confirmation from the Dow Jones index that this potential
I would like to see for a larger scale sell off.

Below you will see a daily chart of the mini NASDAQ 100 contract along with some potential levels.

On a different note:

Below is a screen shot from the daily service I hold, called NAZLAN live charts or as some know it, daily webinar.

I think the term live charts is a better description for the service being offered, which you can have a free trial to until Jan. 28th, EVEN if you have had one before.

Sign up at: https://www.cannontrading.com/tools/intraday-futures-trading-signals

Every day around 8:30 AM central, I send an invite code where one can log in and view my live screen that includes 3 charts. Mini SP500, euro currency futures and crude oil futures. The charts include a few set ups that I like to use for intra-day trading along with some notes and general observations of the market for that day.

The corner stone of the charts is the “DIAMOND algorithm” I developed over the last couple of years, which I explain in details during the sessions and that I personally found as one leading indicator that gives me confidence to take certain day-trading set ups. The screen shot from todays webinar may provide a visual for what I just wrote above…..

After the free trail, if you decide to subscribe, the cost of the service for CANNON trading clients is $119 per month and for non CANNON trading clients, the cost is $299 per month.

*** 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.

In no event should the content of this newsletter be construed as an express or implied promise, guarantee or implication by or from, Cannon Trading or it’s affiliates, that you will profit or that losses can or will be limited in any manner whatsoever

GOOD TRADING!Trading Levels

Economics Report Source: http://www.forexfactory.com/calendar.php

Friday, January 21, 2011

No Reports Due for Friday Jan. 21stThis 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!