Futures Trading Levels and Economic Reports for Novemeber 9th 2010
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
We started out the week with slow trading day and narrow range on stock index futures.
I got a “small sell signal” on mini Dow, which I would like to see a bit more down move before acting on it, simply because volume was not sufficient enough to confirm a good probability of a correction. However, while the probability for down move is not big, the risk reward with a stop above the previous high is not bad….
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
GOOD TRADING!
TRADING LEVELS
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Tuesday November 9th 2010 – http://mam.econoday.com/byweek.asp?cust=mam
NFIB Small Business Optimism Index
7:30 AM ET
ICSC-Goldman Store Sales
7:45 AM ET
Redbook
8:55 AM ET
Wholesale Trade
10:00 AM ET
4-Week Bill Auction
11:30 AM ET
10-Yr Note Auction
1:00 PM ET
Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading 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!
