Mini NASDAQ Heiken-Ashi Daily Chart & Daily Trading Levels 1.31.2019

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Dear Traders,

Keyword the market participants were looking for, was PATIENCE and traders got it in today’s FOMC. Nasdaq is up about 2.5% ( daily chart below) and stocks in general are about to complete one of the strongest months in history.

Earnings reports are in full affect. Be aware of which company is reporting when and expectations, if you are trading stock index futures.

Tomorrow is also the last trading day of the month.

I noticed that sometimes the last and first trading days of the month will have larger than normal moves.

my guess is that:

1. large funds are positioning themselves or “squaring off books” for accounting purposes.
2. Longer term traders have the full picture of the monthly chart

Mini NASDAQ Heiken-Ashi Daily Chart Below.

Good Trading

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.

Futures Trading Levels

01-31-2019

Economic Reports, source: 

BetterTrader.co

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.