Stock Index Futures Start September with a Rally, September 2nd 2010
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
September Started Out with an Impressive Rally!
The slew of reports due tomorrow and Friday, will determine if this market will visit 1093 followed by 1106 or if this is the extend of the bounce. If I had to guess based on the momentum, I would say there is a good chance we will visit the 1100 area but of course this is just a guess….
Daily chart of Mini SP 500 for your review.
E Mini SP 500 Daily Chart
GOOD TRADING!
Futures Trading Levels
Futures Trading Levels
This Week’s Calendar from Econoday.Com
All reports are EST time
Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php
Thursday, Sept 2nd 2010 – http://mam.econoday.com/byweek.asp?cust=mam
Chain Store Sales
- Monster Employment Index
6:00 AM ET - Jobless Claims
8:30 AM ET - Productivity and Costs
8:30 AM ET - Ben Bernanke Speaks
9:00 AM ET - Sandra Pianlto Speaks
9:05 AM ET - Factory Orders
10:00 AM ET - Pending Home Sales Index
10:00 AM ET - EIA Natural Gas Report
10:30 AM ET - 3-Month Bill Announcement
11:00 AM ET - 6-Month Bill Announcement
11:00 AM ET - 3-Yr Note Announcement
11:00 AM ET - 10-Yr Note Announcement
11:00 AM ET - 30-Yr Bond Announcement
11:00 AM ET - 10-Yr TIPS Auction
1:00 PM ET - Fed Balance Sheet
4:30 PM ET - Money Supply
4:30 PM ET
Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein 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!
