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Futures Trading Levels and Economic Reports for January 7, 2010

Daily chart of the SP cash index below….I got a potential sell set up if CASH goes below  1270.

We have monthly unemployment tomorrow before the CASH market opens, so it will be interesting to see how the market reacts.

Either way, make sure you have a trading plan and that you are comfortable with the risk – reward associated with your trading plan so you can have the confidence to execute it.

SP-500-Day-Trading-2011-01-07

GOOD TRADING!

Trading Levels

futures-trading-levels-20110107

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

Friday, January 7, 2011

Non-Farm Employment Change
8:30am USD

Unemployment Rate
8:30am USD

Average Hourly Earnings m/m
8:30am USD

Fed Chairman Bernanke Testifies
9:30am USD

FOMC Member Duke Speaks
1:30pm USD

Consumer Credit m/m
3:00pm 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: Future Trading News   | Futures Trading  

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