Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
For 2014 I would like to wish all of you discipline and patience in your trading!
Rollover Notice for Stock Index Futures
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, Sept.11th, is rollover day.
Starting Sept. 11th, the December 2014 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2014 contract as of Sept. 11th. Volume in the Sept. 2014 contracts will begin to drop off until its expiration on Friday September 19th.
The month code for December is Z4.
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.
Please close any open September Currency positions by the close on Friday the 12th.
GOOD TRADING !
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative to future results.
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Futures Trading Levels
|Contract Sept. 2014||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||December Gold||Dec.Silver||Oct. Crude Oil||Dec. Bonds||Sept. Euro|
|Resistance 3||1272.0||19.34||94.66||138 18/32||1.3038|
|Resistance 2||1265.3||19.23||93.84||138 8/32||1.3001|
|Resistance 1||1258.0||19.12||92.85||137 23/32||1.2958|
|Support 1||1244.0||18.89||91.04||136 28/32||1.2878|
|Support 2||1237.3||18.78||90.22||136 18/32||1.2841|
|Support 3||1230.0||18.67||89.23||136 1/32||1.2798|
|Contract||Dec Corn||Dec. Wheat||Nov. Beans||Dec. SoyMeal||Dec. bean Oil|
|ThuSep 11||2:00am||EUR||German Final CPI m/m||0.0%||0.0%|
|2:45am||EUR||French CPI m/m||0.4%||-0.3%|
|4:00am||EUR||ECB Monthly Bulletin|
|Tentative||EUR||Spanish HPI q/q||-0.5%|
|10:30am||USD||Natural Gas Storage||84B||79B|
|1:01pm||USD||30-y Bond Auction||3.22|2.6|
|2:00pm||USD||Federal Budget Balance||-132.8B||-94.6B|
|3:00pm||EUR||ECB President Draghi Speaks|
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 judgment in trading