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.
Daily chart below of mini SP 500 shows that we are trading against some potential resistance right around the 1081 level. I think the next few days will carry higher volatility than last two trading sessions and should provide more volatility and ranges for day-traders.
Continue reading “Futures Trading Levels & Economic Reports for July 13th 2010”
Live Day-Trading Webinar with real time mini SP set ups – This Friday!
Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/769060451
This Friday, July 9th , Ilan Levy-Mayer, Vice President of Cannon Trading and President / AP of LEVEX Capital Management Inc., a registered commodity trading advisor, will hold a live educational day trading webinar starting at 8:15 AM central time.
During the webinar, Ilan will:
Continue reading “Live Day Trading Webinar with Real Time Mini SP Set Ups – July 9th 2010”
The futures markets in general had some “futures trading to make up” after the long weekend and we some strong moves and bit more volatility in variety of commodity and futures markets.
I mentioned on Friday blog:
“Stock indices are getting a bit oversold and I suspect that sometime next week we should see a good, short covering rally. However, i don’t try to predict when it will happen but rather use price action with support/resistance lines to get a confirmation. Daily chart of the e mini Russell 2000 for your review below. A break above 613 would give me more confidence in taking a trade from the long side, until then the trend is still pointing lower.”
Well.. today we did see a nice rally that peaked at 612.20 on Sept. mini Russell and headed south afterwards.
In today’s chart I decided to share the popular and followed Dow Jones index. Same analysis from Friday still holds. While indices may be oversold, I would like to see more follow through on the buy side instead of price failure like we saw in today’s session. 9913 is my level to watch on the Dow Jones cash index.
Wishing you a great 4th of July weekend! ( Our office is closed Monday )
Stock indices are getting a bit oversold and I suspect that sometime next week we should see a good, short covering rally. However, i don’t try to predict when it will happen but rather use price action with support/resistance lines to get a confirmation.
Daily chart of the e mini Russell 2000 for your review below. A break above 613 would give me more confidence in taking a trade from the long side, until then the trend is still pointing lower.
Non-farm Payrolls and Unemployment Rate before the open tomorrow and long weekend ahead.
Should make for an interesting session..
As June ends and July is about to start, I thought it would be appropriate to share the monthly chart of the Mini S&P 500 :
Continue reading “Futures Trading Levels & Economic Reports for July 1st 2010”
Little longer term view provided below through the weekly chart of the Mini S&P 500.
Not much to say.. quiet session and in my opinion very few intraday set ups if at all..
Continue reading “Futures Trading Levels & Economic Reports for June 29th 2010”