This blog provides daily support and resistance levels for major commodities, indices, and financial futures contracts, along with market outlooks and insights.
FOMC came and gone. market had its normal volatile two sided action but finished on the highs. I have said this before, many times you can see the “true market reaction” the day after FOMC. Tomorrow and Friday (monthly un-employment figures) should be interesting and...
A BIG 24 hours lay ahead….I suspect some volatility to hit the night markets as election results come out and then we jump right into FOMC tomorrow. FOMC tomrrow around 2:15 Eastern time. FOMC days have different characteristics than other trading days. If you have...
Two day FOMC starts tomorrow along with preliminary election news. Should provide for some interesting action in the second part of the trading week. In between I still don’t see a longer term or a medium term swing trading set up I like, hence I...
To be honest I don’t have any feel for the medium term outlook of stock indices. I do like some of the intraday set ups we get in different markets such as Crude, Euro and the Mini SP. We do have some reports tomorrow and...
Our Weekly Newsletter is Ready for Your Review at: **************************************************************** https://www.cannontrading.com/community/newsletter/ ****************************************************************
Stocks finished pretty much unchanged today, which brings me to another point…. There ARE OTHER MARKETS one can day-trade….Most day-traders focus on the Mini SP 500 and it’s relatives: Mini Nasdaq, Mini Dow, Mini Russell etc. because of volume, familiarity, trading hours etc. However, markets...
RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.