Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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.
Economics Report Source: http://www.forexfactory.com/calendar.php
Friday, January 7, 2011
Non-Farm Employment Change
Average Hourly Earnings m/m
Fed Chairman Bernanke Testifies
FOMC Member Duke Speaks
Consumer Credit m/m
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!