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Tag: Futures Trading Levels & Economic Reports

FOMC Facts, Futures Levels & Economic Reports 10.28.2014

Posted on by Ilan

Hello Traders,

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

 

Two pointers I picked from an email service from factset.com that are worthy in looking ahead this week, as we will have FOMC statement this Wednesday:

 

Earnings metrics improve:

  • According to FactSet, the blended growth rate for Q3 S&P 500 EPS pushed up to 5.6% this week from 5.1% at the end of last week and 4.6% at the end of the quarter. In addition, of the 208 companies that have now reported results for Q3, 75% have beat consensus EPS expectations. This is up from 68% last week and ahead of the 73% four-quarter average. In the aggregate, companies are reporting EPS 3.8% ahead of the Street, slightly better than the 3.6% four-quarter average. As was the case last week, some of the better takeaways came from cyclical names where sentiment has been fairly depressed. MMM +8.1% reported a high-quality, margin-driven earnings beat and slightly raised the midpoint of F14 guidance. ITW +5.5% reported its best organic growth since 2011. Europe held up better and the company raised full-year guidance. HVAC leveraged plays like LII +15.1% and WSO +8.6% were some of the post-earnings standouts. UPS +3.4% had some upbeat commentary on the peak holiday shipping season. Outlook commentary following strong results from UNP +7.7% was also positive. Results and guidance from the airline sector also highlighted a still favorable domestic demand backdrop. Continue reading “FOMC Facts, Futures Levels & Economic Reports 10.28.2014”

Monday Futures Market Recap, Economic Reports & Levels 10.21.2014

Posted on by Ilan

Hello Traders,

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

 

TradeTheNews.com Weekly Market Update: The Correction That Wasn’t

From Our Friends at: www.TradeTheNews.comMarket volatility reached epic levels this week. By Wednesday afternoon, the S&P500 had given up than 4% on the week after a series of unfortunate events hammered risk assets, drove liquidation and raised fear the dreaded correction had arrived. However most of the gap was filled in the second half of the week as the soothing possibility of more central bank easing emerged. On Wednesday, the withdrawal of Ireland’s exotic tax avoidance laws, which inspired AbbVie to cancel its $54 billion merger with Shire, slammed many US hedge funds that were long Shire in an arbitrage trade. The same day, talk that the Greek anti-euro, anti-bailout opposition had strengthened its influence drove a massive sell-off in European peripheral debt, further hurting many US hedge funds that were long the instruments. On top of that the Ebola scare reached a fever pitch with false alarms across the US, though only one additional case was confirmed. The combined effect was risk asset liquidation, driving the VIX index above 30 for the first time in nearly two years. Commenting on Wednesday’s market action, Goldman Sachs’ CFO said investors were “shooting first and asking questions later.” Then on Thursday, the ECB said it would adjust haircuts on bonds used as collateral for loans to Greek banks and Fed Governor Bullard said the FOMC should consider delaying the end of the QE taper this month to help stem the slide in inflation expectations. Both announcements helped propel a move higher, aided by some better US data late in the week and a round of mostly solid earnings reports. Continue reading “Monday Futures Market Recap, Economic Reports & Levels 10.21.2014”

Futures News, Economic Reports & Levels 10.14.2014

Posted on by Ilan

Hello Traders,

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

 

 

Weekly Wrap Up by www.TRADETHENEWS.COM  STAFF
Volatility Roller Coaster   

Volatility shook global markets this week, severely testing the long equity rally. Wednesday saw the biggest one-day gain of the year in the S&P500 and Thursday marked the biggest decline in the index since April. The VIX volatility index moved sharply higher, topping 20 for the first time since February. The downside ramp got underway thanks to disastrous German industrial data published on Monday and Tuesday. German August factory orders data declined 5.7% m/m (the biggest m/m drop since early 2009), led lower by a big slide in overseas orders. German August industrial production declined 4% m/m, much more than expected. In addition, the IMF cut its 2014 global growth forecast to from +3.4% to +3.3% and its 2015 forecast from +4.0% to +3.8%. The DJIA and S&P500 were down 2.5% a piece by Wednesday morning, and participants read deeply between the lines of the FOMC minutes to uncover the possibility of the Fed holding off on rate hikes longer, driving a sharp reversal. The sugar high didn’t last, and markets closed at the lows of the week (or much lower, in the case of the Nasdaq, which is right at its 200-day moving average). Ebola fear spread to new corners of the globe all week – the first confirmed transmission of the virus outside of Africa struck a nurse in Madrid – but nearly all the reports were false alarms. For the week, the DJIA dropped 2.7%, the S&P500 fell 3.1% and the Nasdaq lost 4.5%, the worst week for the tech index since May 2012. After the cash close on Friday, S&P futures saw another spike in volatility around the 1900 mark, rallying 6 handles before falling nearly 10 points in the final minute of index futures trade to close on the lows, portending more volatility in stock trading Monday, when the bond market is closed for Columbus Day. Continue reading “Futures News, Economic Reports & Levels 10.14.2014”

Memorial Day Holiday Schedule 2014 for CME / Globex and ICE Exchanges

Posted on by Ilan

Memorial Day Holiday Schedule 2014 for CME / Globex and ICE Exchanges

 

CME / CBOT / Globex® Memorial Day Holiday Schedule

Equity Products

Friday, May 23

1615 CT / 1715 ET / 2115 UTC – Regular close

Sunday, May 25

1700 CT / 1800 ET / 2200 UTC – Regular open for trade date Tuesday, May 27*

Monday, May 26

1200 CT / 1300 ET / 1700 UTC – Trading halt (pre-open)

1700 CT / 1800 ET / 2200 UTC – Products resume trading

Tuesday, May 27

1615 CT / 1715 ET / 2115 UTC – Regular close

Interest Rate & FX Products

Friday, May 23

1515 CT / 1615 ET / 2015 UTC – Early close

Sunday, May 25

1700 CT / 1800 ET / 2200 UTC – Regular open for trade date Tuesday, May 27*

Monday, May 26

1200 CT / 1300 ET / 1700 UTC – Trading halt (pre- open)

1700 CT / 1800 ET / 2200 UTC – Products resume trading

Tuesday, May 27

1600 CT / 1700 ET / 2100 UTC– Regular close

Energy, Metals & DME Products

Friday, May 23

1615 CT / 1715 ET / 2115 UTC – Regular close

Sunday, May 25

1700 CT / 1800 ET / 2200 UTC – Regular open for trade date Tuesday, May 27*

Monday, May 26

1200 CT / 1300 ET / 1700 UTC – Trading halt (pre-open)

1700 CT / 1800 ET / 2200 UTC – Products resume trading

Tuesday, May 27

1615 CT / 1715 ET/ 2115 UTC – Regular close

*Dates and times are subject to change

*Note: Session orders entered on Sunday are for trade date Tuesday, May 27

and will continue working until Tuesday’s close unless otherwise noted.

Globex® Memorial Day Holiday Schedule

Grain, Oilseed & MGEX Products

Friday, May 23

Regular close – Per each product schedule

Sunday, May 25

1600 CT / 1700 ET / 2100 UTC – Pre-open for trade date Tuesday, May 27*

Monday, May 26

1900 CT / 2000 ET / 0000 – Open for trade date Tuesday, May 27

Tuesday, May 27

0700 CT / 0800 ET / 1200 UTC – MGEX Apple Juice – Regular open

Regular close – Per each product schedule

Livestock, Dairy & Lumber Products

Friday, May 23

Regular close – Per each product schedule for:

• Livestock

• Dairy

• Lumber

Monday, May 26

1700 CT / 1800 ET / 2200 UTC – Dairy markets open for trade date Tuesday, May 27*

Tuesday, May 27

900 CT / 1000 ET / 1400 UTC – Lumber market open

905 CT / 1005 ET / 1405 UTC – Livestock markets open

Regular close – Per each product schedule

More details at:  http://www.cmegroup.com/tools-information/holiday-calendar/files/2014-memorial-day-holiday-schedule.pdf

ICE Futures U.S.(sm) Memorial Day, May 26, 2014:

AGRICULTURAL PRODUCTS*

DATE OPEN OUTCRY / ELECTRONIC

Fri May 23 Regular Hours / Regular Hours

Mon May 26 Closed / Closed

*Including RJ/CRB and CCI contracts.

FINANCIAL PRODUCTS

(Currencies Pairs — U.S. Dollar Index)

DATE OPEN OUTCRY /  ELECTRONIC

Fri, May 23 Early close at 1:00 p.m. ET  / Early close at 4:15 p.m. ET

Mon, May 26 Closed / Early close at 1:00 p.m. ET

STOCK INDEX PRODUCTS

(NYSE Composite Index— Russell Indexes)

DATE OPEN OUTCRY / ELECTRONIC

Fri May 23 Regular Hours / Early Close at 4:15 p.m. ET

Mon May 26 Closed / Early close at 11:30 a.m. ET

**For those futures and options contracts which continue to trade on the floor.

More details at: https://www.theice.com/publicdocs/futures_us/exchange_notices/MemorialDay%20_2_.pdf

The above sources were compiled from sources believed to be reliable.  Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

Good Friday Futures Trading Holiday Hours and Economic Reports 4.17.2014

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 Thursday April 17, 2014

Hello Traders,

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

Good Friday Day Holiday Schedule for CME / Globex and ICE Exchanges

All times listed as Central Time

Thursday, April 17

  • CME & CBOT Equity Products

1615 CT / 1715 ET / 2115 UTC – Regular close

  • ICE Equity Products

1615 CT / 1715 ET / 2115 UTC – Regular close

  • CME & CBOT Interest Rate & FX Products

1600 CT 1700 ET / 2100 UTC – Regular close

  • CBOT, KCBT Grain & Agricultural Products

Regular close – per each product schedule

Note: Grain pre-opening between 2:30 P.M. – 4:00 P.M.

  • Other CME Group Products

1355 CT / 1455 ET / 1855 UTC – Early Close

  • ICE Softs, Cash-Settled Grains

Regular close – Per each product schedule

Friday, April 18

  • CME & CBOT Equity Products

CME Globex is closed

  • CME & CBOT Interest Rate & FX Products

CME Globex is closed

  • CBOT, KCBT Grain & Agricultural Products

CME Globex is closed

  • Other CME Group Products

CME Globex is closed

Sunday, April 20

  • CME & CBOT Equity Products

1700 CT / 1800 ET / 2200 UTC – Regular open for trade date Monday, Apr 21

  • CME & CBOT Interest Rate & FX Products

1700 CT/ 1800 ET / 2200 UTC – Regular open for trade date Monday, Apr 21

  • CBOT, KCBT Grain & Agricultural Products

1900 CT / 2000 ET / 2300 UTC – Regular open for trade date Monday, Apr 21

  • Other CME Group Products

Regular Open per each product schedule for:

Livestock, Weather, Real Estate, Lumber, Dairy Continue reading “Good Friday Futures Trading Holiday Hours and Economic Reports 4.17.2014”

Futures Trading Levels and Economic Reports 4.16.2014

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 April 16, 2014

Hello Traders,

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

There will be no market commentary today.  Will be back in tomorrow.  Thank you!

Continue reading “Futures Trading Levels and Economic Reports 4.16.2014”

Mini Russell 2000 Chat & Futures Trading Levels 4.14.2014

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 Tuesday April 15, 2014

Hello Traders,

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

Mini Russell daily chart for your review below.

TFE - Russell 200 Index Mini, Equalized Active Daily Continuation
TFE – Russell 200 Index Mini, Equalized Active Daily Continuation

Futures Trading Levels and Reports for August 30, 2012

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 August 30, 2012

 

Hello Traders,

One Way to Eliminate Fear and Greed While Day Trading

Disclaimer

The methods described in this article are for educational purposes only. Past results are not necessarily indicative of future results. The author and the publisher assume no responsibility for your trading results. Trading involves a high degree of risk. No recommendation is being made to buy any stock, commodity, option or other financial instrument. Consult your financial advisor before starting any investment system.

 

It is a known fact that fear and greed can be a trader’s worst enemies.

I’ve found one way that has helped some clients deal with fear and greed and their cousin, “getting out of winners too soon and staying in losers too long.”

What is it? Entering Multiple Contracts: Philosophy

In order to enter multiple contracts while day trading, one has to have the appropriate risk capital and margin requirements. But the advantage of trading more than one “unit” or splitting your trading size into two or more parts is as such:

If you enter a trade with one contract (or if you are treating your trading size as one unit, meaning you enter a trade with 4 contracts and exit the trade with 4 contracts), you can face a very quick dilemma, especially when day-trading. Consider the two following scenarios:

  1. You get in and very quickly you are up 2 mini SP points…what do you do? Do you take profit? Bring your stop loss closer? How do you avoid getting out too early or too late?
  2. You enter a trade and it goes against you rather quickly…if you get out then it is a loser…but the little voice in your head says “what if the market goes back up?”

In the first case scenario, when market decided to be nice to us and moved in our direction, I like to exit half of my positions relatively quickly. In the case of the mini SP, this would be around 7 ticks profit.

What I’ve found is that this will allow me to manage the rest of the trade in a much more relaxed manner. Since I’ve already locked profits in, now I can look for a proper stop close to my break-even level. I can analyze my next target more realistically and, if the market provides room for additional gains, be there to participate.

Continue reading “Futures Trading Levels and Reports for August 30, 2012”

Futures Trading Levels and Economic Reports for February 22, 2011

Posted on by Ilan

Cannon Trading / E-Futures.com

Have a great long weekend!

Our night desks will be open Sunday night – Monday morning and Monday night. Our office will resume buisness on Tuesday morning.

Presidents day holiday hours at: http://www.cmegroup.com/tools-information/holiday-calendar/files/2011-presidents-day.pdf

Life After Mini SP – Day Trading Crude Oil Futures “Buying the Fear, Selling the Greed”

Join us for a Webinar on February 23

Space is limited.
Reserve Your Webinar Seat Now at: https://www2.gotomeeting.com/register/477215826 Continue reading “Futures Trading Levels and Economic Reports for February 22, 2011”

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.