Index Futures News & Information on Cannon Trading
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Index Futures

Category Archives: Index Futures

Introduced in the year 1982, Index futures or stock index futures are extremely popular among trading commodities today. While trading, an index future is settled in cash on the value of a certain stock market index. One of the most traded indices is the S&P500.

These are quoted on the basis of either an underlying or a spot price for an index value. There are a number of technicalities involved, most of which you should understand. However, even if you find it tough to comprehend what Index futures are, you can take assistance from the trade experts at Cannon Trading.

We at Cannon Trading want you to understand the basics and the details about Index Futures like our experts do. There are a number of blogs that we list here in our category archive. We recommend that you read these to know for yourself what Index Futures trading is all about.


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.


Weekly Newsletter: Essential Lessons in Trading Psychology + Trading Levels for July 15th

July 12th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Future Trading Platform, Futures Broker, Futures Trading, futures trading education, Index Futures, Indices, Nasdaq, Weekly Newsletter | Comment (0)

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Cannon Futures Weekly Letter Issue # 1201

In this issue:
  • Important Notices – Earnings, FED Speakers, Upcoming Reports
  • Futures 101 – Trading Psychology Self help Course
  • Hot Market of the Week – August 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:

  • Fresh Earnings, Fed Powell Monday, Heavy economic Data.
    • On the earnings front ( I always list according to Largest Net Cap) (over 350 earnings reports)
    16th: United Healthcare, Bank of America and Morgan Stanley. 17th Johnson & Johnson. 18th Netflix
    • Fed Speaker menagerie: Chair Powell at the Economic Club of Washington D.C. Monday 11:3.0 am Central , the rest of the week, Kugler, Barkin, Waller, Logan, Daly, Bowman and Williams.
    • Lively Economic Data! (should be lively for market action) Retail Sales, Business Inventories, Building Permits, Housing Starts, Capacity Utilization, Jobless Claims, Philly Fed.
    • Check the calendar for dates and times!

 

 

 

  • Futures 101: Trading Psychology Course

    In this “Trading Psychology” Course you will learn:
    • How to examine your patterns and behaviors and recognize when they are holding you back
    • Maintaining self-confidence as a trader even in the face of inexperience
    • The mathematical expectation model and how it can decrease your losses
    • Determining the trading plan that is right for your trading personality
    • Understanding and using Motivation – Risk – Reward to its full advantage
    • Creating effective trading technique strategies
    • Qualities of Successful Traders

 

 

 

  • Hot Market of the Week – August 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.
August Crude Oil
The rally August crude oil continues to struggle with the spring highs were the chart completed a second upside PriceCount objective. At this point, IF the chart can break out into new sustained highs, the third count would project a run to the $91 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.
Would you like to receive daily support & resistance levels?
Yes
No

Daily Levels for July 15th 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.


Weekly Newsletter: Trading Text Alerts, July 4th Schedule + Trading Levels for July 1st

June 28th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, Index Futures, Indices, Metal Futures, S&P 500, Trading Guide, Weekly Newsletter | Comment (0)

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel

Cannon Futures Weekly Letter Issue # 1200

In this issue:
  • Important Notices – 4th of July Modified Trading Schedule +Busy Short Week Schedule
  • Futures 101 – Essentials of Order Flow
  • Hot Market of the Week – Sept. Silver
  • 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:

  • Earnings:  no significant earnings for the large indices, a quiet one next week on this front
    Fed Speakers:
    • The fireworks start here with Fed Chair Powell, Speaking from Sintra , Portugal at the ECB Central Banking Forum 8:30 am CST Tuesday
    • 6 a.m. CST Wednesday Fed Gov. Williams
    • Also on Wed. FOMC Minutes 1 p.m. Central / 45 minutes after the Equities close ( all other financial markets remain open until 4 p.m. central)
    • Friday early, 4:40 a.m. CST Fed Williams , speaks again
    Econ Data: Potentially biggest fireworks display ignited by the following:
    • Construction Spending, ISM manufacturing, Redbook, Jolts, Economic Optimism Index, ADP Employment change, US Balance of trade, Initial Jobless claims, S&P Global PMI, Factory Orders, FOMC Minutes, Non-Farm Payrolls.
    Please read down for dates and times in our calendar

 

 

 

  • Real Time Email and/or Text Alerts
Directly to your Phone!
  • You will receive an email each time there is an entry or exit in a simple language along with the current price for that specific market.
  • Example: Sell June MBT ( micro bitcoin) at market. Target will be 61920 Stop at 70540
  • A licensed series 3 broker at your fingertips
  • Email alerts available to US and Canada and Int’l clients
  • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies, Meats & Softs
  • Alerts are SWING Trades
  • See an example of a recent trade alert for Micro Bitcoin Futures in the image below – a new trade alert from June 14th

 

 

 

  • Hot Market of the Week – September Silver

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 Silver
September silver completed its second upside PriceCount objective last month and is correcting lower. In the process, the chart has activated downside counts and is approaching the the first objective to the 28.71 area. It takes a trade below the February reactionary low to formally negate the remaining unmet upside targets.
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.
Optimized Kinetic ES
PRODUCT

ES – Mini SP500

SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$30,000
COST
USD 127 / 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.
Would you like to receive daily support & resistance levels?
Yes
No

Daily Levels for July 1st 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.


Weekly Newsletter: Order Flow 101 + Trading Levels for June 24th

June 21st, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Future Trading News, Future Trading Platform, Futures Broker, Futures Trading, futures trading education, Index Futures, Indices, Nasdaq, Weekly Newsletter | Comment (0)

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel

Cannon Futures Weekly Letter Issue # 1199

In this issue:
  • Important Notices – USDA Reports, Presidential Debate and Heavy Economic Data
  • Futures 101 – Essentials of Order Flow
  • Hot Market of the Week – Dec. Corn
  • Market Scanner – For Monday June 24th
  • 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:

  • Earnings, FedSpeak, Presidential Debate and Heavy Economic Data including Bank Stress Test results.
    • FedEx, Micron and Nike report after the close T, W, Thu. In that order Highlight the earnings calendar next week.
    • Fed Members are in Europe next week, Mon. 2 am CST Waller speaks from Rome, Daly at 10 am CST.
    Tues. 6 am CST Bowman, 11 AM Cook. Fri. Barkin 5 am CST, Bowman 11 am CST.
    • Data Begins Mon. (Please review Calendar below for specific times) Dallas Fed Manufacturing Index,
    • Tues. Chi Fed Nat’l Activity Index, Housing Data, Consumer Confidence
    •  Wed. Building Permits, 3:30 CST
    • Bank Stress Test results
    • Thu. Core PCE Q over Q, Jobless Claims, Durable Good, GDP Final, Retail and Wholesale Inventories, Presidential Debate
    • Fri. Core PCE M over M final. Chicago PMI
    • USDA grains stocks and planted acreage Friday, June 28th

 

 

 

Futures 101 :

 

Order Flow has been presented as a mystique to potential Traders as well as seasoned Traders. In many cases it is assumed to be an insanely difficult concept to understand. Order Flow is, at its core, the transaction between a Buyer and a Seller. As a Veteran Trader using Order Flow to base my decisions, I can say that order flow is the very core of any market.
In this FREE booklet, you will learn:
  • What is order flow?
  • Volume by Price
  • Footprint
  • Time & Sales
  • DOM
  • Tying it all together

 

 

  • Hot Market of the Week – December Corn

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.
December Corn
December corn has resumed its break with a new recent low. The chart is now taking aim at its second downside PriceCount objective to the $4.49 area. Meanwhile, the trade below the March reactionary low formally negated the remaining unmet upside counts.
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.
Market Scanner
If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.

   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.
Mini Nasdaq AV1_ E-mini Nasdaq NQ
PRODUCT

NQ – Mini Nasdaq

SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$50,000
COST
USD 55 / 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.
Would you like to receive daily support & resistance levels?
Yes
No

Daily Levels for June 24th 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.

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