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Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

The short POTENTIAL trading signal on the Dow Cash is still in play but as I mentioned a few days ago:

Just because I have a signal does NOT mean it is a crystal balll…hence I like to see follow through of price action or what I call price confirmation.

That level for me is now 11898 on the cash. My opinion is that a break below, will increase chances for meanigful correction, until then I would NOT fight the trend or try to predict tops.

Updated CASH DOW JONES chart below:





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

Friday, January 28, 2011

WEF Annual Meetings

Treasury Sec Geithner Speaks
5:00am USD

Advance GDP q/q
8:30am USD

Advance GDP Price Index q/q
8:30am USD

Employment Cost Index q/q
8:30am USD

Revised UoM Consumer Sentiment
9:55am USD

Revised UoM Inflation Expectations
9:55am USD

Saturday, January 29, 2011

WEF Annual Meetings

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!

Tags: > > > > > Posted in: Futures Broker   | Futures Exchange   | Futures Trading  

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