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Futures Trading Levels, Watch Out for Monthly Unemployment Report Tomorrow

Cannon Trading / E-Futures.com

Monthly unemployment tomorrow before the cash open.

We had HUGE volatility in many markets today, led by Crude Oil, Silver, gold and currencies…..

Make sure you know the type and size of risk you are willing to take before each trade….

Below is a daily chart of SP500 pit session only. If tomorrows numbers are not liked by the market, i suspect we may see 1311. On the flip side 1342 and 1354 should provide resistance.

GOOD TRADING!

Daily mini S&P trading chart screenshot from today May 4rd 2011

Stock futures trading chart levels Thursday May 5th 2011

 

TRADING LEVELS!

Commodity Futures trading levels for May 6th, 2011

Economic Reports Friday May 6th, 2011

FOMC Member Yellen Speaks
7:30am USD

Non-Farm Employment Change
8:30am USD

Unemployment Rate
8:30am USD

Average Hourly Earnings m/m
8:30am USD

FOMC Member Dudley Speaks
10:00am USD

Consumer Credit m/m
3:00pm 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!

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