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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday January 3, 2014
Hello Traders,
For 2014 I would like to wish all of you discipline and patience in your trading!
I hope that the first day of 2014 is an indication of more to come!
Nice volatility, good volume, good movement inn different markets – what most day-traders look for.
I would like to wish all of you a great trading year in 2014 and a healthy, happy year in all aspects of life.
Above is a screen shot of the mini Russell 2000 charts from today’s session (Jan 2nd 2014)
The charts are sierra charts and the signals that appear are based on proprietary indicators developed by Ilan Levy-Mayer of LEVEX Capital Mgmt Inc. and VP of Cannon Trading Co, Inc.
The concept is a simple concept that looks for exhaustion in either buying/selling and reversal. The signals that appear on the charts are alerting you for potential buy or sell IF/ONCE price confirmation occurred. Full explanation along with chart samples included in the 23 page PDF booklets that comes with the free trial.
Would you like to have access to the DIAMOND and TOPAZ and 5T ALGOs as shown above and be able to apply for any market and any time frame on your own PC ? You can now have a three weeks free trial where the ALGO is enabled along with few studies for your own sierra/ ATcharts. The trial comes with a 23 page PDF booklet which explains the concepts, risks and methodology in more details.
To start your free 3 weeks trial, please send me an email with the following information:
1. Are you a client of Cannon Trading?
2. Are you currently trading futures?
3. Charting software you use?
4. If you use sierra or ATcharts, please let me know the user name so I can enable you
5. Markets you currently trading?
TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS. THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
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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.
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| Contract March 2014 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
| Resistance 3 | 1857.08 | 3607.50 | 16616 | 1173.20 | 81.36 |
| Resistance 2 | 1848.92 | 3593.25 | 16555 | 1165.80 | 81.11 |
| Resistance 1 | 1838.08 | 3577.50 | 16474 | 1157.70 | 80.92 |
| Pivot | 1829.92 | 3563.25 | 16413 | 1150.30 | 80.68 |
| Support 1 | 1819.08 | 3547.50 | 16332 | 1142.20 | 80.49 |
| Support 2 | 1810.92 | 3533.25 | 16271 | 1134.80 | 80.24 |
| Support 3 | 1800.08 | 3517.50 | 16190 | 1126.70 | 80.05 |
| Contract | Feb. Gold | Mar. Silver | Feb. Crude Oil | Mar. Bonds | Mar. Euro |
| Resistance 3 | 1263.7 | 2147.7 | 101.49 | 129 31/32 | 1.3815 |
| Resistance 2 | 1247.2 | 2095.8 | 100.23 | 129 12/32 | 1.3771 |
| Resistance 1 | 1235.4 | 2046.7 | 97.86 | 129 | 1.3718 |
| Pivot | 1218.9 | 1994.8 | 96.60 | 128 13/32 | 1.3674 |
| Support 1 | 1207.1 | 1945.7 | 94.23 | 128 1/32 | 1.3621 |
| Support 2 | 1190.6 | 1893.8 | 92.97 | 127 14/32 | 1.3577 |
| Support 3 | 1178.8 | 1844.7 | 90.60 | 127 2/32 | 1.3524 |
| Contract | March Corn | March Wheat | Jan .Beans | March SoyMeal | March bean Oil |
| Resistance 3 | 432.3 | 603.0 | 1314.83 | 427.33 | 39.69 |
| Resistance 2 | 429.2 | 601.0 | 1303.67 | 421.97 | 39.43 |
| Resistance 1 | 424.8 | 599.0 | 1286.83 | 414.13 | 39.12 |
| Pivot | 421.7 | 597.0 | 1275.67 | 408.77 | 38.86 |
| Support 1 | 417.3 | 595.0 | 1258.8 | 400.9 | 38.5 |
| Support 2 | 414.2 | 593.0 | 1247.67 | 395.57 | 38.29 |
| Support 3 | 409.8 | 591.0 | 1230.83 | 387.73 | 37.98 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:04pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriJan 3 | 3:00am | EUR | Spanish Unemployment Change | 24.3K | -2.5K | ||||
| 4:00am | EUR | M3 Money Supply y/y | 1.5% | 1.4% | |||||
| EUR | Private Loans y/y | -1.9% | -2.1% | ||||||
| 5:00am | EUR | Italian Prelim CPI m/m | 0.3% | -0.4% | |||||
| 10:30am | USD | Natural Gas Storage | -125B | -177B | |||||
| 11:00am | USD | Crude Oil Inventories | -2.3M | -4.7M | |||||
| All Day | USD | Total Vehicle Sales | 16.0M | 16.4M | |||||
| 12:45pm | USD | FOMC Member Plosser Speaks | |||||||
| 1:15pm | USD | FOMC Member Stein Speaks | |||||||
| 2:30pm | USD | Fed Chairman Bernanke 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 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.