Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
I heard this one today from a good client and wanted to share:
“I tell myself that I get paid to wait”
the client is a day-trader and was sharing with me that one of the biggest obstacles he had to overcome is the “need to look for trades” when nothing was there or how hard it is to be patient and wait for your set up. I thought I would share!
On a different note: Here is the recent press release mentioning Cannon Trading being #1 in two different categories!
Last but not least….a daily chart of US Dollar Index, which seems to be a major mover to many other markets. Currently on a bounce from a recent down trend correction and as always the big question is: will this bounce develop into another leg up or is this an opportunity to sell??
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
If you like Our Futures Trading Daily Support and Resistance Levels, Please share!
Levels for Trade Date of 02.14.2017
|Contract March 2017||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||Apr. Gold||March Silver||Mar. Crude Oil||Mar. Bonds||March Euro|
|Resistance 3||1248.1||18.23||54.82||152 25/32||1.0717|
|Resistance 2||1241.3||18.12||54.39||152 10/32||1.0693|
|Resistance 1||1234.0||17.97||53.64||151 29/32||1.0650|
|Support 1||1219.9||17.71||52.46||151 1/32||1.0583|
|Support 2||1213.1||17.60||52.03||150 18/32||1.0559|
|Support 3||1205.8||17.45||51.28||150 5/32||1.0516|
|Contract||March Corn||March Wheat||Mar. Beans||March SoyMeal||Mar. Nat Gas|
German Prelim GDP q/q
German Final CPI m/m
Italian Prelim GDP q/q
PPI Input m/m
Core CPI y/y
PPI Output m/m
Flash GDP q/q
German ZEW Economic Sentiment
Industrial Production m/m
ZEW Economic Sentiment
NFIB Small Business Index
Core PPI m/m
Fed Chair Yellen Speaks
Fed Monetary Policy Report
FOMC Member Kaplan Speaks
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 here in 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 judgement in trading.