Open An Account
Free Demo Account Subscribe Here

Tag: FOMC

Post FOMC – Cash Dow Jones Index 6.19.2015

Posted on by Ilan

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

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Friday June 19, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

Here is what we look like post FOMC.

Weekly and daily charts of the CASH Dow Jones Index for your viewing pleasure….

DON’T forget: Tomorrow morning right when the cash opens, all the mini products (mini SP, mini Nasdaq etc.) expire, settle for cash and wont trade…. You should be trading the September contract.

Weekly:

DJI - DJ Industrial Average, Weekly:Heikin-Ashi

Continue reading “Post FOMC – Cash Dow Jones Index 6.19.2015”

FOMC Interest Rate Decision Tomorrow 6.17.2015

Posted on by Ilan

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

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Wednesday June 17, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

The FOMC interest rate decision is due at 14:00 ET in the US tomorrow ( Wednesday, June 17th ).

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow. 

If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

The following are suggestions on trading during FOMC days:

  • Reduce trading size
  • Be extra picky = no trade is better than a bad trade
  • Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 2035.00 with a stop at 2029.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2029.75 and place a stop a few points below in this hypothetical example.
  • Expect the higher volatility during and right after the announcement
  • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • This is another great example why a trading journal would be an asset, as you can go back and check your notes from previous FOMC days.
  • Be patient and be disciplined

Continue reading “FOMC Interest Rate Decision Tomorrow 6.17.2015”

FOMC Results & Futures Levels 4.30.2015

Posted on by Ilan

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

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Thursday April 30, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

FOMC came and gone, Fed did not supply any new clues about timing for future rate increase and market volatility was a bit less than other FOMC meetings.

Many times the real reaction comes over night, the next trading day. Be ready for a possible volatile day tomorrow. The futures trading business is not an easy one, one moment of losing control, one moment of not following your rules can be very costly.

Make sure that every morning / start of trading day you are ready to trade. If you are sick, if your kids are home and taking your attention, master the level of maturity to tell yourself: “I should not be trading today”.

Continue reading “FOMC Results & Futures Levels 4.30.2015”

Futures Levels & Economic Reports, FOMC 3.19.2015

Posted on by Ilan

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

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Thursday March 19, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

This was one of the most volatile FOMC I have seen in recent years. Big affect across many markets, Euro was up big, metals and energies bounced and a huge spike in TBonds to go along with a nice rally in stocks.Many times the day after can reveal the true direction of the markets as well as continue to be very volatile.

Two charts below for your review:

Daily SP 500

EP - E Mini S&P 500, Equalized Active Daily Continuation : Heikin - Ashi
EP – E Mini S&P 500, Equalized Active Daily Continuation : Heikin – Ashi

 

Daily Euro Currency

EUB - Euro FX (Globex), Equalized Active Daily Continuation : Heikin - Ashi
EUB – Euro FX (Globex), Equalized Active Daily Continuation : Heikin – Ashi

Continue reading “Futures Levels & Economic Reports, FOMC 3.19.2015”

Futures Levels & Economic Reports 3.18.2015

Posted on by Ilan

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

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Wednesday March 18, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

The FOMC interest rate decision is due at 14:00 ET in the US tomorrow ( Wednesday, March 18th ).

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

The following are suggestions on trading during FOMC days:

  • Reduce trading size.
  • Be extra picky = no trade is better than a bad trade.
  • Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 2035.00 with a stop at 2029.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 2029.75 and place a stop a few points below in this hypothetical example.
  • Expect the higher volatility during and right after the announcement.
  • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Know what the market was expecting, learn what came out and observe market reaction for clues.
  • This is another great example why a trading journal would be an asset, as you can go back and check your notes from previous FOMC days.
  • Be patient and be disciplined.

Continue reading “Futures Levels & Economic Reports 3.18.2015”

Economic Reports & Futures Levels 12.17.2014

Posted on by Ilan

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

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Wednesday December 17, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Our blog is nominated for the STAR award once again!

Trader Planet Competition
Trader Planet

Please vote for our blog at:

www.traderplanet.com/l/qYd

Once there, scroll to the blog category and select

Daily Futures Trading Levels and Insight  as your first place and submit at bottom of the page!

The FOMC interest rate decision is due at 14:00 ET in the US tomorrow ( Wednesday, Dec. 17th ).

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

The following are suggestions on trading during FOMC days:

  • Reduce trading size
  • Be extra picky = no trade is better than a bad trade
  • Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 1965.00 with a stop at 1959.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1959.75 and place a stop a few points below in this hypothetical example.
  • Expect the higher volatility during and right after the announcement
  • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • This is another great example why a trading journal would be an asset, as you can go back and check your notes from previous FOMC days.
  • Be patient and be disciplined

Continue reading “Economic Reports & Futures Levels 12.17.2014”

FOMC Results, Increased Volatility & Economic Reports 10.30.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

 

FOMC lived up to the hype with increased volatility in many markets including stock indices, currencies, metals and mainly the bond market ( I recommend exploring the bond market for day-trading as it offers different personality and behavior look at previous blog post here ) 

 

 

  • Fed Ends QE While Keeping ‘Considerable Time’ Low-Rate Pledge

    attachment

    From bloomberg.com

    Read Full Story at bloomberg.com

    The Federal Reserve confirmed it will end an asset-purchase program that has added $1.66 trillion to its balance sheet and maintained a pledge to keep interest rates low for a “considerable time.” “Labor market conditions improved somewhat further, with solid job gains and a lower unemployment rate,” the Federal Open Market Committee said today in a statement in Washington. “A range of labor market indicators suggests that underutiliza tion of labor resources is gradually diminishing,” the panel said, modifying earlier language that “there remains signifi cant underutilization of labor resources.” Policy makers said that while … (full story)

Stock Indices React to FOMC with Largest One Day Drop in 4 Months – Aug 1st Levels

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

I have noticed many times in the past that the “real direction to FOMC announcements, will usually come the following day”. Today was a perfect example of it…..

Last time we had a meaningful correction in the SP500 was April 4th. The correction lasted 10 days and measured 90 SP points from peak to valley 1885 to 1795 as you can see in the chart below ( sounds like I am talking about earthquakes….).If symmetry decides to give us a similar reaction we can see 1896 as the next target. In between we have a support zone at 1913 – 1918 first.

 

Daily chart of the Sept. mini SP 500 with the different levels for your review below:

 

EP - E-Mini S&P 500 Equalized Active Daily Continuation
EP – E-Mini S&P 500 Equalized Active Daily Continuation

Continue reading “Stock Indices React to FOMC with Largest One Day Drop in 4 Months – Aug 1st Levels”

FOMC, Futures Trading Levels & Economic Reports 1.30.2014

Posted on by Ilan

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

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Thursday January 30, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

I think that today’s FOMC market reaction may be a clue for the rest of the year and if I am correct we should see much higher volatility and more downside potential than we have these past 3 years.What we saw today was volatile, fast acting market action right before and following the FOMC rate. In the past couple of years, market reaction to FOMC was MUCH milder. In direct correlation to the QE which is been phased out, I think we will see higher intraday and daily volatility in stock indices and what was once limited downside potential, thanks to the FED artificial QE, will now be a little more “fair game”.Overall in my opinion, this should be good for daytraders and stock index daytraders in specific. Make sure you are aware of this potentially different market environment and hope that 2014 will be a great year!

FOMC, Futures Levels & Economic Reports 1.29.2014

Posted on by Ilan

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

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 Wednesday January 29, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

The FOMC interest rate decision is due at 14:00 ET in the US tomorrow ( Wednesday, Jan. 29th).

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

if you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

The following are suggestions on trading during FOMC days:

  • Reduce trading size
  • Be extra picky = no trade is better than a bad trade
  • Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 1795.00 with a stop at 1789.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1789.75 and place a stop a few points below in this hypothetical example.
  • Expect the higher volatility during and right after the announcement
  • Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
  • Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
  • Know what the market was expecting, learn what came out and observe market reaction for clues
  • This is another great example why a trading journal would be an asset, as you can go back and check your notes from previous FOMC days.
  • Be patient and be disciplined

Continue reading “FOMC, Futures Levels & Economic Reports 1.29.2014”

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.