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Category Archives: Future Trading News

As a high risk trading type, futures trading is not for someone who is faint-hearted. Though there are a number of different ways of investing in futures , it is important to stick to what you know. Treading into unknown waters is not something that you should do when dealing in futures.

From managing margins to ordering trades to doing market analysis and more if you want to, you can do that all by yourself – but you may betaking double the risk. Therefore, when trading in futures, it may be better to seek advice from a professional trader.

Professional trading experts at Cannon Trading can help you with your futures trading. We are also there to keep you updated with the latest on futures trading and market news. All the news and latest articles on futures trading are published on our site under the category Archive Futures Trading News, which you are currently browsing through. Read more and the latest here and keep updated.


Weekly Newsletter: Trillion Dollar Corporations , Fed Rate Decision, Non-Farm Payrolls, within a very active Data week + Trading Levels for July 29th

July 26th, 2024 Filed under Future Trading News | Comment (0)

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Cannon Futures Weekly Letter Issue # 1202

In this issue:
  • Important Notices – Trillion $ Earnings, FOMC, NFP
    Futures 101 – Projecting Possible Targets
    Hot Market of the Week – September Crude Oil
    Broker’s Trading System of the Week – Mini Nasdaq Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices – Next Week Highlights:

  • Trillion Dollar Corporations , Fed Rate Decision, Non-Farm Payrolls, within a very active Data week.

     

    Heavy Earnings (2,497 companies) Week:

    Tues, pre-open Merck, Pfizer, After the close AMD, MSFT
    Wed, Meta, Qualcomm after the close
    Thur. Apple, Intel, Amazon all after the close
    Fri. Pre-open, ExxonMobile, Chevron

    Fed Rate Decision Wednesday. 1:00PM Central with Q and A to follow @ 1:30 PM Central.

     

    Big Economic Data week:

    Mon. Dallas Fed Manufacturing index
    Tues. Case-Shiller Home prices, CB Consumer Confidence
    Wed. ADP, Chicago PMI, Pending Home Sales
    Thur. Global PMI, ISM
    Fri. Non Farm Payrolls

     

    Check the calendar for dates and times!

 

 

  • Futures 101: Trading Psychology Course

    Trading Resource of the Week – Projecting Possible Price targets

    By Ilan Levy-Mayer, VP

    Watch the video below to get an idea on how to use Fibonacci extensions along with candle sticks to project possible price targets.

    Try a FREE demo of the platform used to show the charts in this educational article. The platform is FREE and has charts, news, DOM, T&S, Alerts, advanced order entry, options and MUCH MORE!

     

 

 

 

  • Hot Market of the Week – September Crude Oil

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
September Crude Oil
September crude oil challenged the spring highs and failed leading to a correction lower that activated downside PriceCount objectives. The chart has satisfied the first downside count where we are seeing a near term consolidation trade., From here, IF you can sustain further weakness, the second count would project a possible run to the 75.12 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

   Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT

NQ – Mini NQ100

SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$50,000
COST
USD 160 / monthly

The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
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Daily Levels for July 29th 2024

 

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


Stock Index Futures Fall Sharply Again Amid High Volatility

July 25th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Future Trading News, Futures Broker, Futures Trading, Index Futures, Indices, Nasdaq, S&P 500 | Comment (0)

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Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Stock Index Futures Fall Sharply -Again!

 

Stocks tried recovering after yesterday’s sell off and for a bit it seemed like they were but completely reversed and posted a bearish close!

 

Both silver and gold sold off sharply as well!

 

Crude oil managed to hold first level of support.

 

Side note if you are a day-trader in stock indices:

 

Volatility is quite high. This requires one to evaluate their stops? targets? Trading size?

 

With the micros Trading such good volume across the board a trader now has the option of trading one 3, 6 micros for example rather than trading one Single mini SP or mini Nasdaq This is especially true on volatility as as high as we see today And may help certain traders adapt to the volatility.

 

If you like feedback, discuss ideas – let us know and we will do our best to assist.

 

NQ daily chart for your review below with possible support levels.

 

 

 

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Daily Levels for July 26th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


Stock Index Futures Plummet Amid Mega-Cap Earnings Misses

July 24th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Future Trading News, Futures Broker, Futures Trading, Index Futures, Indices, S&P 500 | Comment (0)

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Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Stock Index Futures Fall Sharply!

By Mark O’Brien, Senior Broker

 

As of this typing, the September E-mini S&P 500 stock index futures contract is on track for its worst day since 2022, losing ±120 points (a $6,000 per contract move) / ±2.2%. The E-mini Nasdaq shed ±700 points (a $14,000 per contract move) / ±3.4%.

 

Two mega-cap companies – Google parent company Alphabet and Tesla – released gloomy 2nd quarter earnings reports and in sympathy, major technology stocks Nvidia, Meta Platforms and Microsoft, lost 6%, 5% and 4%, respectively. Summer has been a period susceptible to weakness for equities, so for ones whose performances have been responsible for the bulk of the gains this year among the major stock indexes, the individual losses exacerbated today’s sell-off.

 

Despite these misses from the mega-cap tech, the earnings season overall is off to a strong start. More than 25% of S&P 500 companies have reported their second-quarter earnings, with roughly 80% of them topping expectations, according to FactSet data.

Active day tomorrow to follow with GDP, weekly unemployment, durable goods on the economic front along with LIGHT earnings reports tomorrow.

 

 

 

 

 

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Daily Levels for July 25th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


Movers & Shakers: Market Insights and Key Developments

July 23rd, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, Trading Guide | Comment (0)

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

Movers & Shakers

By John Thorpe, Senior Broker

 

Todays Headlines

 

**US June NAR Existing Homes Sales: -5.4%; expected -4.0%

**US June NAR Existing Homes Sales: 3.89 mln unit annualized rate; expected 3.95 mln

**US June NAR Existing Homes Median Home Price: $426,900 ; +4.1% vs yr ago month

**US June NAR Existing Homes Inventory of Unsold Homes: 4.1 Months

 

**Richmond Fed July Manufacturing New Orders: -23.0 ; prior -17.0

 

Updated: July 23, 2024 10:19 am

President Biden’s administration senior climate policy advisor, Podesta, said they will seek to curb nitrous oxide emissions . The administration claims nitrous oxide and methane cause the other half of climate change. Nitrous oxide emissions come from a variety of sources including some fertilizers and synthetic materials production. It’s unclear what the costs will be to cut the emissions.

Russia’s Deputy PM Novak Tuesday said the Kremlin will restart gasoline export ban starting August 1st, and then consider extensions in September and October

 

Traders Tuesday afternoon estimated commodity funds added a net 7,500 Chicago corn futures, but shed a net 1,500 Chicago wheat. Traders estimate funds bought a net 5,500 Soybean, 2,000 soymeal and 1,500 soyoil contracts on Tuesday.

 

Tomorrows Movers and Shakers

S&P Global group will release their US prelim July manufacturing and service sector purchasing managers indexes (PMI) at 8:45 am CT Wednesday morning. Analysts expect the manufacturing index at 51.5 compared to the 51.6 in the final June report. The service index for early July is expected at 55.0 compared to the 55.3 in the final June report.

 

US new home sales data for June will be updated Wednesday morning at 9:00 am CT. Analysts expect new home sales month-to-month at a 0.640 mln unit annualized pace, up +3.4%. The prior month’s sales were -11.3% at 0.619 mln unit annual rate.

EIA Weekly Petroleum Stocks Estimates for Wednesday, July 24 at 9:30 AM CT

in million barrels per day (mln bpd)

IBM reports after the close

 

 

 

 

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Daily Levels for July 24th, 2024

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.


What you need to know for trading the week ahead + Levels for July 22nd

July 19th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Economic Trading, Future Trading News, Futures Broker, Futures Trading, Trading Guide, Weekly Newsletter | Comment (0)

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel
Listen to our Market Recap Podcasts on Apple Podcasts

 

 

The Week Ahead by John Thorpe, Senior Broker

Economic Data :

  • Mon. Chi Fed Natl Activity index,
  • Tues. Redbook, Existing Home Sales
  • Wed. Bldg Permits, Trade Balance, Retail/Wholesale Inventories , PMI, New Home Sales.
  • Thu. Durable Goods, GDP and Jobless Claims
  • Fri. Core PCE, Mich. Consumer Sentiment

Earnings Reports:

  • Tues. A.M. UPS – P.M. Google, Tesla, Visa, Texas Instruments
  • Wed. A.M. CME – P.M. IBM, Qualcom

Fed Speakers:

  • Just one this week that we know of, Wed, Bowman @3:05 P.M. Central

 

 

 

 

 

Hot Market Report – October Lean Hogs

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

 

FREE TRIAL AVAILABLE

 

October Lean Hogs

 

October lean hogs finally stabilized their extended slide and activated upside PriceCount objectives on the correction higher. The recovery rally has accelerated and is approaching the second upside PriceCount objective to the 75.62 area.

PriceCounts – Not about where we’ve been , but where we might be going next!

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

 

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results. The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

 

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

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Daily Levels for July 22nd, 2024

 

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.

Explore trading methods. Register Here

* 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.

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