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Tag: Future Trading

Economic Reports and Trading Levels for February 5,2013

Posted on by Ilan

 

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1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday February 5, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

I have heard from clients about the North Sea Crude oil contract. Moves in very high correlation with the regular NYMEX crude but seems to have better volume during our night session/ pre market when most European traders will trade this contract. Thought I would share this with you as general FYI.

 

Below is my daytrading chart template for this contract.

Range Chart, Ice Brent Crude Futures

 

Would you like to have access to my DIAMOND and TOPAZ ALGOs as shown above and be able to apply for any market and any time frame on your own PC ?   You can now have a two weeks free trial where I enable the ALGO along with few studies for your own sierra/ ATcharts.

 

To start your trial, please visit:

 

 

If so, please send me an email with the following information:

 

1. Are you currently trading futures?

2. Charting software you use?

3. If you use sierra or ATcharts, please let me know the user name so I can enable you

4. Markets you currently trading?

 

Economic Reports and Trading Levels for February 1, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday February 1, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

NFP (Non Farm Payroll) also known as monthly unemployment figures tomorrow morning 8:30 AM Eastern time. This is another market moving report and even though the last one was a non event, traders need to be ready in case volatility picks up.

Remember, NO TRADE IS BETTER THAN  A BAD TRADE

 

 

 

Continue reading “Economic Reports and Trading Levels for February 1, 2013”

Economic Reports and Trading Levels for January 31, 2013

Posted on by Ilan

 

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1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday January 31, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

 Pit traded SP 500 daily chart for your review below. In order for the market to have a chance at visiting the 1465 level, we need to see some follow through selling tomorrow. As long as market does NOT close above 1506, I I would look to attack it from the short side.

sp500

 

 

Trading Levels and Reports for January 30, 2013

Posted on by Ilan

 

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1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday January 30, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

 

The FOMC interest rate decision is due at 2:15 PM ET in the US tomorrow ( Wednesday, Jan. 30th ). Also more than a few economic numbers ahead of the announcement.

 

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.

On a personal levels, I usually STOP trading an hour before FOMC announcement and either stop for the day or resume 15 minutes after.

 

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 1425.00 with a stop at 1419.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1419.75 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
  • Be patient and be disciplined

 

 

Trading Levels and Reports for January 29, 2013

Posted on by Ilan

 

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1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday January 29, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

From our friends at:

www.TradeTheNews.com : This is what you need to know week of Jan 28th

Mon, 28 Jan 2013 2:20 AM EST***Note: All Times are in New York/Eastern Time
***Reminder: For a complete list of earnings, conf calls and events please see the Calendar tab in the TTN platform-As global markets trade at multi-year highs, this week will be heavy in terms of US and European corporate earnings. Notable US firms due to report include Aetna, Amazon, Boeing, Caterpillar, Chevron, Colgate, Corning, Dow Chemical, Exxon, Facebook, Ford, Ingersoll-Rand, Mastercard, Merck, Potash, Pfizer, Under Armour, UPS, Whirlpool, Wynn Resorts and Yahoo. European firms seen reporting include Astrazeneca, BBVA, British Sky, BT Group, Deutsche Bank, Diageo, Electrolux, Ericsson, Fiat, H&M, Infineon, LVMH, Philips, Roche, Royal Dutch Shell and Santander.

-In terms of US macro events, this week’s Fed meeting (Jan 29-30) is expected to be the focus, along with Jan non-farm payrolls and the initial print for Q4 GDP.

-European short-term interest rates (euribor), ECB lending operations and interest rate differentials are expected to be in focus, after yields rose sharply on Friday’s session, as the ECB said that banks would repay €137.2B in 3-year loans this week. Last week, Germany’s 2-yr bond yields hit multi-month highs. European data releases for the week include final manufacturing PMIs, German Jan unemployment, preliminary Q4 GDP from Spain and Belgium, Dec retail sales, Jan confidence figures and prelim Jan CPI data from Germany and the euro zone.

-In terms of euro zone fixed income, debt sales by Germany and Italy will dominate this week’s supply.

-On the issue of currency wars, China PBoC Vice Gov Yi Gang called for better communication and coordination on foreign exchange among the G20 countries. Amid the comments, China set the yuan weaker for the 3rd consecutive session. Also, on Monday’s Asian session sharp declines were seen for the Singapore Dollar, South Korean Won, Taiwan dollar and Thai Baht. Japan PM Abe advisor Takenaka said that it is not fair to say that the yen has weakened too much, as he noted a USD/JPY rate of ¥95 would be “appropriate.” Bank of Korea Gov Kim said he believed that the monetary actions taken by Japan were done in a manner which was too hasty. An unnamed ECB official was quoted at Davos as stating that the central bank was “not very happy” with moves toward competitive devaluations. Continue reading “Trading Levels and Reports for January 29, 2013”

Trading Levels and Reports for January 25, 2013

Posted on by Ilan

 

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1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday January 25, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

We hit a major resistance level today at 1497. The market backed down but not too much for now.How the market behaves around major support and resistance levels is important, so monitor price action over the next few days for clues if we are about to retrace lower ( a break below 1482 can trigger move back to 1455) OR if the market can break the 1497-1500 ( mini SP500) level and trade above it which may signal one more leg up to 1530.If you are a stock index traders, make sure you are aware what earnings are scheduled and when as these earnings definitely affect the index futures.

Here is highlights of earnings schedule for tomorrow:

25. JAN. 2013    Today´s Highlighted Earnings Releases btn fullList
spacer
misc enhanced SYMBOL COMPANY EVENT TITLE EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTUAL DATE/TIME (ET)
misc enhanced PG Procter & Gamble Co Q2 2013 The Procter & Gamble Company Earnings Release $ 1.11 n/a $ 1.10 25-Jan BMO
misc enhanced HON Honeywell International Inc Q4 2012 Honeywell Earnings Release $ 1.09 n/a $ 1.05 25-Jan BMO
misc enhanced HAL Halliburton Co Q4 2012 Halliburton Company Earnings Release n/a n/a n/a 25-Jan BMO
misc enhanced COV Covidien PLC Q1 2013 Covidien plc Earnings Release $ 1.06 n/a $ 1.13 25-Jan BMO
misc enhanced WY Weyerhaeuser Co Q4 2012 Weyerhaeuser Co. Earnings Release $ 0.20 n/a $ 0.14 25-Jan BMO
KMB Kimberly-Clark Corp Q4 2012 Kimberly-Clark Earnings Release $ 1.35 n/a $ 1.28 25-Jan BMO
spacer

 

Trading Levels and Reports for January 24, 2013

Posted on by Ilan

 

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1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday January 24, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

Very tight range today ahead of Apples earnings.If you are a stock index traders, make sure you are aware what earnings are scheduled and when as these earnings definitely affect the index futures.
Here is highlights of earnings schedule for tomorrow:

24. JAN. 2013    Today´s Highlighted Earnings Releases btn fullList
spacer
misc enhanced SYMBOL COMPANY EVENT TITLE EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTUAL DATE/TIME (ET)
misc enhanced BMY Bristol-Myers Squibb Co Q4 2012 Bristol-Myers Squibb Earnings Release $ 0.43 n/a $ 0.53 24-Jan BMO
misc enhanced JNPR Juniper Networks Inc Q4 2012 Juniper Networks Earnings Release $ 0.22 n/a $ 0.28 24-Jan AMC
misc enhanced BAX Baxter International Inc Q4 2012 Baxter International Inc. Earnings Release $ 1.26 n/a $ 1.17 24-Jan BMO
misc enhanced LMT Lockheed Martin Corp Q4 2012 Lockheed Martin Earnings Release $ 1.82 n/a $ 2.14 24-Jan BMO
misc enhanced SBUX Starbucks Corp Q1 2013 Starbucks Earnings Release $ 0.57 n/a $ 0.50 24-Jan AMC
misc enhanced RTN Raytheon Co Q4 2012 Raytheon Earnings Release $ 1.31 n/a $ 1.58 24-Jan 7:00 AM

 

Trading Levels and Reports for January 23, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Wednesday January 23, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

Market continues to extend it’s rally and we are getting close to what I consider major resistance right at 1498 (which is almost the same as the psychological 1500 level). Personally, I like to see the market price action going down before entering a short trade, i.e just because we are getting close to the major resistance levels does not mean I will enter a short, BUT if price action generates a sell signal, it will give me more confidence in taking that short. Until then I will be watching for this possible swing/medium term type of trade and will do my best not to let it interfere with day-trades set up which are a whole different time frame.
mini sp 500 daily chart jan 22 2013

 

Trading Levels and Reports for January 18, 2013

Posted on by Ilan

 

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1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday January 18, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

Today I don’t have any words of wisdom or market outlook to share, so I will just wish everyone a nice rest of the day and a great trading day tomorrow.
Levels and reports for your review below.

 

Trading Levels and Reports for January 17, 2013

Posted on by Ilan

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday January 17, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

Last few days we witnessed lower than average volume and volatility. Tight ranges relatively.
Different type of market environments, require different techniques in my opinion. Understand the market environment you are trading in and adjust accordingly.

 

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.