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Futures Trading Levels and Economic Reports for January 31, 2011

I have been talking and sharing potential short based on the Dow Jones CASH for a few days. Well this short got triggered this morning and signaled a wide sell off in stock indices. I have included a chart of mini Dow Jones futures with different levels to watch for. Pay attention to the red moving avg. that has held this recent rally for few good weeks now.

We closed right against it.

With recent global geo political unrest, I suspect volatility will increase quite a bit.

Understand that the DAYTRADING environment you may facing ahead is much different than what you have seen last few weeks. Adjust your mental approach, money management, stops and everything that has to do with money management and trade management accordingly!!

SP-500-Day-Trading-2011-01-31

GOOD TRADING!

TRADING LEVELS!

futures-trading-levels-20110131

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

Sunday, January 30, 2011

WEF Annual Meetings
ALL DAY USD

Monday, January 31, 2011

Core PCE Price Index m/m
8:30am USD

Personal Spending m/m
8:30am USD

Personal Income m/m
8:30am USD

Chicago PMI
9:45am USD

Treasury Currency Report
Tentative USD

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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