This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart
Full day ahead with important economic numbers along with G20 meeting taking place over the weekend. Continue reading “Trading Levels & Economic Reports for 10-14-2011”
In this post:
1. Market Commentary
2. Support and Resistance Levels
I read the following on the Wall St. blog and thought it is worth sharing:
“S&P 500, With ‘Violence and Passion,’ Soars Right to the Roof of Its Range” – By Steven Russolillo Continue reading “Trading Levels & Economic Reports for 10-13-2011”
In this post:
1. Real-Time Day Trading Signals Service
2. Support and Resistance Levels
View Ilan’s E Mini S&P 500 charts. Read his trading notes. Hear his commentary. All live!
To get started, simply fill out the short form here!
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Please note, a valid email address and phone number are required. Continue reading “Trading Levels & Economic Reports for 10-12-2011”
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Mini S&P 500 Futures Chart
Today’s rally was impressive and completed my target I mentioned over a week ago.
We crossed the 50 day moving average and closed above it as well. The BIG question is ” was the fact that this price action took place during a bank holiday on MUCH lower volume be a fake out?”
I guess the next few days will provide answers, in between daily chart of the SP500 ( big Sp, pit session) for your review below ( I included the 50 day Moving Avg. as well as the 100 day moving avg.): Continue reading “Trading Levels & Economic Reports for 10-11-2011”
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports
5. Highlighted Earnings Releases
This morning un employment report lived up to its expectations….providing a volatile two sided action.
Subscribers to our daily webinar or to the LEVEX DIAMOND algo had access in real time to this 15 minutes mini SP chart below.
Continue reading “Take Note of the Columbus Day Schedule for Monday | Support and Resistance Levels”
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Notice to the Futures Trader
4. Economic Reports
The main thing about tomorrows report is the MARKET PERCEPTION of the data….
If the market takes the data in a positive way, we may see 1175 and maybe higher on the mini SP 500, on the other hand if the market “does not like the data”…then 1129 will be the first stop on the way down.
By the way you can listen to the SP500 squawk box live tomorrow ( you can login before the market open and listen to the un employment data as it comes out live.)
The trial is open this week and will be available until market close on Oct.7th so visit: traderaudio.com to start listening now.
Username: open
Password: squawk
Continue reading “Report May Lead to Large Market Moves | Support and Resistance Levels”
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini Russell 2000 Futures Chart
4. Economic Reports
The long signal we got yesterday after the close ( which I shared on this blog yesterday afternoon) turned to be valid.
What stands in the way of more meaningful rally is this friday morning unemployment report.
If the market takes the data in a positive way, we may see 686 followed by 726 on the mini Russell daily chart below. But that’s a big if and time will tell…
By the way, you can listen to the SP500 squawk box live tomorrow and Friday ( you can login before the market open and listen to the data as it comes out live.)
The trial is open this week and will be available until market close on Oct.7th so visit: traderaudio.com to start listening now:
Username: open
Password: squawk
Daily chart of Mini Russell 2000 for your review below: Continue reading “Watch for the Friday Unemployment Report | Support and Resistance Levels”
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports
Big volume day. We made new lows but then reversed and rallied strong into the last hour.
Bear market rallies can be pretty vicious…. If we would have taken out yesterdays high on this rally, the buy signal you see in the chart below would have been pretty powerful, but as is if this market can maintain the “legs” it showed today, we can see a test of 1154.
Should be another interesting trading day tomorrow.
Regardless of the market direction, understand that as volatility and ranges increase, one needs to adjust their trading size LOWER in order not to get “stopped by noise”.
Below is a daily chart of the mini SP Continue reading “What to do in Market Conditions of High Volatility and Increased Range | Support and Resistance Levels”
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports
First trading day of October started negative for stock indices and it seems that a retest of 1070 lows from August is on the way.
October however, started very positive for my day-trading model/ ALGO.
What you see below is a screen shot from the last hour or so of trading on the mini SP. You will notice DIAMONDS markings on the chart. These markings appear BEFORE THE BAR STARTS and are an output of what I have been working for over two years in an attempt to find an indicator that is LEADING by nature and NOT LAGGING….obviously not all days are as powerful as what you see in the chart below but for me this has been the one day-trading tool I have the most confidence in so far.
The DIAMONDS ALGO and a few other studies are available for traders to try using sierra charts, where one can apply the ALGO on different markets and different time frames at anytime on their PC (my recommended method) and/or via my webinar, where one is limited to see the few charts I share during US stock market hours. You can have a trial of either one if you have NOT had one before. Continue reading “October Markets May Revisit August Lows | Support and Resistance Levels”
In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart from September 30, 2011
4. Economic Reports
For October I would like to wish everyone a month full of trading patience, of wise money management, of disciplined trading and “picky” trades.
If you will be able to control yourself and implement what I mentioned above, it should be a successful trading month!
From technical point of view, the market is bearish but not sure if this matters to most of you, since the majority are day-traders by nature, which brings me to another point….
If you are a day-trader who uses very short time frame and quick profits as a trading method, then your risk parameters should be adjusted accordingly. In simple language if you are looking to make 2 points mini SP profit, why risk 10 or more points? Losses are part of trading and I don’t know ANYONE who wins 100% of the time, that means that as a trader you must learn to accept losses and use “makes-sense” money management.
Daily chart of the mini SP 500 for your review below: Continue reading “Day-Trading Tactics for October | Support and Resistance Levels”