Trading Levels and Reports for July 18, 2012

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 July 18, 2012

Hello Traders,

Somewhat of an intraday reversal we witnessed in the mini SP 500 today and market closed
ABOVE yesterday’s high which is a semi bullish signal
and puts the next target for the SP500 at 1375.

 

Another market that caught my eyes today is the Euro currency. I am getting a small buy signal as well for the Euro with possible targets at 123.96 and 125.34 and stop somewhere below the recent low of 121.71 ( 121.35?) in case I am wrong. If I am wrong and the market does take out the recent low, we may see another leg down before this market bounces.

Daily Euro Continuation Chart Continue reading “Trading Levels and Reports for July 18, 2012”

Tuesday Morning Support and Resistance

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (September) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond Sep ’12 10-Year US Note Sep ’12
Resistance Level 3 ——————————————Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

13751364

 

1354

 

1345

 

1340.5

 

1336.5

26252603

 

2586

 

2569

 

2560

 

2543

1291712767

 

12729

 

12648

 

12609

 

12574

809.1803.10

 

800.5

 

790.7

 

787.7

 

784.6

15219 (all time high)15210 

15127

 

15031

 

15008

 

14919

13507.513500.5(all time high)

13427

 

13413

 

13402.5

 

13325

Continue reading “Tuesday Morning Support and Resistance”

Monday Morning Support and Resistance Numbers

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (September) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond Sep ’12 10-Year US Note Sep ’12
Resistance Level 3 ——————————————Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

13751364

1354

 

1345

 

1340.5

 

1336.5

26252603

2586

 

2568

 

2558

 

2550

1291712767

12729

 

12648

 

12609

 

12574

809.1803.10

797.7

 

790.7

 

787.7

 

784.6

15219 (all time high)15213

15205

 

15027

 

15004

 

14917

1351613430.5 (all time high)13429.5

 

13410.5

 

13401

 

13324

Continue reading “Monday Morning Support and Resistance Numbers”

Friday Morning Support and Resistance Numbers

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (September) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond Sep ’12 10-Year US Note Sep ’12
Resistance Level 3 —————————————— Resistance Level 2 —————————————— Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

1347.51341

1333.5

 

1330.25

 

1326.25

 

1318.5

25862570

2551

 

2540

 

2531

 

2518

1267112612

12548

 

12514

 

12480

 

12425

803797.7

792.3

 

785.4

 

781.4

 

774.8

15219 (all time high)1520815128

 

15020

 

14931

 

14825

13430.5 (all time high)13429.513425.5

 

13410.5

 

13401

 

13324

Continue reading “Friday Morning Support and Resistance Numbers”

Trading Levels and Reports for July 13, 2012

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 July 13, 2012

Hello Traders,

We saw some volatility in the markets today and swings on both sides. I expect more volatility during tomorrow’s session, which MOST day-traders like. Remember to adjust your trading size LOWER as volatility gets HIGHER….

Below is a daily chart of the mini Russell 2000 contract.
Tomorrow is Friday the 13th…I think if we take out today’s lows, the door will open for a more serious downside move.

Daily Mini Russell Chart

Continue reading “Trading Levels and Reports for July 13, 2012”

Trading Levels and Reports for July 11, 2012

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 July 11, 2012

Hello Traders,

The main news past 24 hours are related to PFG and shadow any market moves etc.

 

I am sharing two news articles to bring you up to date one from the NFA and one by Reuters.

 

As you may or may not know, Cannon clears its business with 5 different clearing houses and been in business since 1988. If you are looking for a new clearing house after the PFG situation, we will be happy to assist you in setting up a trading account.

Visit our website and learn more.

Reuters news about PFG

NFA memo about PFG Continue reading “Trading Levels and Reports for July 11, 2012”

Trading Levels and Reports for July 10, 2012

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 Tuesday July 10, 2012

Hello Traders,

It’s been a while since I took an in depth look at the different markets and below you will see the daily chart of the mini SP as I see it. Possible short. I think a break below 1333 can trigger a revisit of the 1300 area.

 

Keep in mind we have a week full of reports along with FOMC minutes on Wednesday.

 

Also be aware that I am “seeing summer trading volume” or in plain language, thinner volume than normal which can create a different trading dynamics for intraday traders.

 

mini Sp 500 daily chart july 9th 2012

 

Continue reading “Trading Levels and Reports for July 10, 2012”

Monday Morning Support and Resistance Numbers

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (September) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond Sep ’12 10-Year US Note Sep ’12
Resistance Level 3——————————————Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

1362.51354.75

 

1350.5

 

1345

 

1342.25

 

1338.75

2655.752631

 

2615

 

2597

 

2590

 

2579

1281112745

 

12709

 

12646

 

12582

 

12543

820.5812.2

 

807

 

798.7

 

794.7

 

786.9

1512415021

 

15009

 

14926

 

14914

 

14825

13430.5 (all time high)13425.5

13420

 

13408

 

13402

 

13322.5

Continue reading “Monday Morning Support and Resistance Numbers”

Tuesday Morning Support and Resistance Numbers

If you would like these numbers before the market opens, make sure you SIGN UP with your email above.

Here’s a morning cup o’ joe for all you futures traders, our morning support and resistance levels. Good trading!

divider black 190

Support and Resistance Levels – S&P 500, Nasdaq 100, Dow Jones, Mini Russell 2000, 30-Year US Bond, 10-Year US Note

Contract (September) Mini S&P 500 Mini Nasdaq 100 Dow Jones Mini Russell 2000 30-Year US Bond Sep ’12 10-Year US Note Sep ’12
Resistance Level 3 ——————————————Resistance Level 2

——————————————

Resistance Level 1

——————————————

Support Level 1

——————————————

Support Level 2

——————————————

Support Level 3

13761368.5

 

1359.5

 

1347.25

 

1339.5

 

1332.5

26542641.25

 

2628.25

 

2592.75

 

2577

 

2563

1299212892

 

12850

 

12731

 

12668

 

12613

818.50813.30

 

809.8

 

792.7

 

785.7

 

779.6

1500214920

 

14912

 

14829

 

14820

 

14723

13407.513402

 

13331.5

 

13326

 

13321.5

 

13317.5

Continue reading “Tuesday Morning Support and Resistance Numbers”