Big NFP / unemployment report tomorrow an hour before the stock market opens.
This is a market moving report and indices, bonds, currencies, metals and other markets will see some large swings.
I personally like to be out before the report, wait a few minutes for the zig zag to relax and then look to re-enter.
On different note:
Upgrades to the event contract suite offer more opportunities for you to trade your market views.
The size of an event contract is increasing to $100
Updated sizes align more closely to the probability of a trade’s success. For example, if the price of a position is $65 there’s approximately 65% probability that this event will occur.
Introducing longer-dated expiries
Add quarter- and year-end event contracts on E-mini S&P 500 and Nasdaq-100 futures to your portfolio. With the addition of more expiries, place your long-term prediction on the Equity Index futures markets.
What are event contracts?
With event contracts, you can express your views on whether the markets will close above a certain price by choosing a “yes” or a “no” prediction. These contracts offer an intuitive, limited-risk way to trade 11 of the world’s most important futures markets.
Daily Levels for February 2nd, 2024
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* 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.