Cannon Trading / E-Futures.com
Hope everyone enjoyed a nice, long weekend/ holiday!
Full week ahead, many reports including much anticipated FOMC this Wednesday, so be ready for volatile action in many markets.
Below you will see a short video taken from trading session last week during my daily live chart service, that can provide a glimpse into what the service entails:
During this daily sharing of intraday charts along with possible buy and sell set ups, I review the MINI SP 500, the crude oil futures and the euro currency. I go over some money management rules, trade set ups , trading philosophy and more.
If you have not had a trial before and would like to view what this service has to offer for you a s a trader, please sign up for free 2 weeks trial at the Cannon Trading Live Webinar site.
Current market in the news: SILVER….almost hitting the major $50 mark overnight, silver along with other metals and commodities in general experiencing higher volatility. Below is a daily chart along with some levels to watch. In the same subject, margins on silver have increased, new initial margin is almost$13,000. More at: CME Group Silver PDF
Note today’s HIGH volume, also making a new high but closing below the opening price. Price action in this market will be interesting to watch!
Daily silver futures trading chart screenshot from today April 25th 2011
GOOD TRADING!
TRADING LEVELS!
Economic Reports Tuesday April 26, 2011
S&P/CS Composite-20 HPI y/y
9:00am USD
CB Consumer Confidence
10:00am USD
Richmond Manufacturing Index
10:00am USD
Economic Reports Wednesday April 26, 2011
Core Durable Goods Orders m/m
8:30am USD
Durable Goods Orders m/m
8:30am USD
Crude Oil Inventories
10:30am USD
FOMC Statement
12:30pm USD
Federal Funds Rate
12:30pm USD
FOMC Press Conference
2:15pm USD
Economics Report Source: http://www.forexfactory.com/calendar.php
This is not a solicitation of any order to buy or sell, but a current 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!