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What should you do when stock index futures are “dead”? 8.09.2016

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday August 09, 2016

Hello Traders,

Summer trading at its best….8 points range on the Mini SP 500 during the primary session…As a trader, that can be pretty depressing. Few things you can do when stock index futures are “dead”:

  1. Wait for them to come back a live and simply don’t trade until that happens.
  2. Look at weekly Mini SP500 options as an alternative
  3. Look at other markets ( crude oil had a nice volatile range today)

In between, feel free to reach out to us here at Cannon with any questions, feedback and comments and let us know how we can help you achieve your goals!

Here is some good reading material for when the market is slow:

https://www.cannontrading.com/community/futures-market-ranking-30-market-events

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels 

Levels for 8.09.2016

Contract Sept. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2191.17 4831.92 18575 1240.77 96.80
Resistance 2 2187.08 4816.33 18541 1237.53 96.61
Resistance 1 2181.42 4797.42 18503 1232.67 96.47
Pivot 2177.33 4781.83 18469 1229.43 96.28
Support 1 2171.67 4762.92 18431 1224.57 96.14
Support 2 2167.58 4747.33 18397 1221.33 95.95
Support 3 2161.92 4728.42 18359 1216.47 95.81
Contract Aug. Gold Sept. Silver Sept. Crude Oil Sept. Bonds Sept.   Euro
Resistance 3 1353.4 20.30 45.15 173 10/32 1.1153
Resistance 2 1348.6 20.10 44.27 172 19/32 1.1138
Resistance 1 1344.8 19.93 43.57 172 3/32 1.1120
Pivot 1340.0 19.72 42.69 171 12/32 1.1105
Support 1 1336.2 19.55 41.99 170 28/32 1.1087
Support 2 1331.4 19.35 41.11 170 5/32 1.1072
Support 3 1327.6 19.18 40.41 169 21/32 1.1054
Contract Dec. Corn Sept. Wheat Nov. Beans Dec. SoyMeal Sept. Nat Gas
Resistance 3 342.8 435.2 1006.00 347.93 2.83
Resistance 2 339.9 429.3 996.00 342.47 2.79
Resistance 1 337.3 423.2 990.50 337.43 2.77
Pivot 334.4 417.3 980.50 331.97 2.74
Support 1 331.8 411.2 975.0 326.9 2.7
Support 2 328.9 405.3 965.00 321.47 2.68
Support 3 326.3 399.2 959.50 316.43 2.66

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:15pm Currency Impact Detail Actual Forecast Previous Graph
TueAug 9 2:00am EUR
German Trade Balance
23.2B 22.2B
2:45am EUR
French Gov Budget Balance
-65.7B
4:30am GBP
Manufacturing Production m/m
0.0% -0.5%
GBP
Goods Trade Balance
-9.6B -9.9B
GBP
Industrial Production m/m
-0.1% -0.5%
6:00am USD
NFIB Small Business Index
94.5 94.5
8:30am USD
Prelim Nonfarm Productivity q/q
0.5% -0.6%
USD
Prelim Unit Labor Costs q/q
1.8% 4.5%
10:00am GBP
NIESR GDP Estimate
0.6%
USD
IBD/TIPP Economic Optimism
46.2 45.5
USD
Wholesale Inventories m/m
0.0% 0.1%

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.

Tags: > > Posted in: Crude Oil   | Future Trading News   | Futures Trading  

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