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Tag: Futures Trading Levels

Futures Trading Levels and Economic Reports for July 24, 2013

Posted on by Ilan

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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 July 24, 2013

Hello Traders,

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

I must admit that stock index futures ( and the most popular one, the mini SP 500 or ESU3) are quite confusing for me these days….I am not getting a good read and the low volume ( notice at the bottom of the chart how much lower volume is the last few weeks) is adding to this confusion. Using some Fibonacci extensions, I am looking at a possible resistance at 1708.75 but it will be tempting to try the short side if the market can break 1675.00. In between, my personal opinion is to stay out if you are a swing trader as I dont see any swings yet….on the other hand if you are a day trader, mark your chart with important levels, get a feel for the early volume and try to asses early enough if the trading day going to be quiet and narrow like today or if there is chances for wider ranges and higher volatility like we witnessed few weeks ago.

Not an easy job. In between daily chart for your review below.

On a different note: I am getting very nice feedback on the content of this blog from clients as well as prospects and I appreciate it! In return I would like to ask you to take a few minutes and post positive reviews on:

Google Plus  ( you need to be logged in to your gmail account first)
I thank you in advance and hope you take a few minutes to do so.

Daily mini SP 500 chart for your review:

EP - E Mini S&P 500, Equalized Active Daily Continuation
EP – E Mini S&P 500, Equalized Active Daily Continuation
Pages: 1 2

Futures Trading Levels and Economic Reports for July 19, 2013

Posted on by Ilan

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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 July 19, 2013

Hello Traders,

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

Big divergence today between NASDAQ futures and the rest of the indices ( SP500, Dow Jones, Russell). To be honest I am not sure if this can be a start of a turning point or not but if you are trading stock indices be aware of it.

As I wrote yesterday, i would like to see SP futures break below 1665 before going short and this did not happen yet.

On the other hand the signal I got on the NASDAQ did get a confirmation once we broke below 3064 level. Daily chart with possible levels for your review below.

Futures Trading Levels and Economic Reports for July 18, 2013

Posted on by Ilan

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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 July 18, 2013

Hello Traders,

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

 

I got a sell signal on the daily mini SP chart ( see below the red diamond) . To be honest it does not mean much UNLESS price can break 1665.00. At that point I think we have better chances for a more meaningful pullback.
There are times when I like to enter trades using a stop order. i do this when I feel that I need to see certain levels brake and that if these specific levels break, I think the market has better chances of picking up speed and momentum in the same direction.  This is a good way to avoid picking tops and bottoms prematurely, like in todays example. I.E if market continues higher and does not break 1665 I will not get in a short position and stay out of the market. If it does, I may have given up a few points but for me personally, I will have more confidence in the trade.

 

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

Continue reading “Futures Trading Levels and Economic Reports for July 18, 2013”

Trading Levels and Economic Reports for July 16, 2013

Posted on by Ilan

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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 July 13, 2013

Hello Traders,

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

 

Stocks continue to move higher BUT on very low summer type of trading volume.
For most of you who are daytraders, the main question should be how does that changes the “personality ” of the trading day?
Are we back to narrower trading days with lower volatility? or is this just a break from the more volatile/wider trading ranges we witnessed when the market was moving lower?
Are we back to buying intraday dips and the market will continue to rally?
For those of you who are swing traders, the main question is what are the extended targets for this rally and is this a short covering rally from the recent sell off or a new leg up?

Obviously the answers are unknown at this point but knowing what to consider while trading can be helpful by itself.Daily chart of the mini SP 500 along with potential extensions to the upside and possible support levels below for your review

 

mini sp daily chart Continue reading “Trading Levels and Economic Reports for July 16, 2013”

Futures Trading Levels and Economic Reports for July 12, 2013

Posted on by Ilan

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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 July 12, 2013

Hello Traders,

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

 

Thought of the day for you….

 

Many ways to lose money….very few ways to make money.

 

1. Have a high winning ratio, allow for bigger stops but the higher winning ratio hopefully translates into higher average winning trades than the average losing trades

2. Have more losers than winners but let winners run in order to have quite a bit larger average winners than average losers.

3. Make sure that when it all said and done the math makes sense….if its on a daily basis, weekly or monthly – as a trader you need to set parameters for targets, stops NOT just on per trade basis but on a daily basis, weekly basis etc.

 

I wrote a good article about this subject called survivor daytrader. If you like a copy, please email me with the following:

Name:

Email:

Client: yes or no

Current trading software:

And I will be happy to email you the PDF file.

Futures Trading Levels and Economic Reports for July 11, 2013

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 July 11, 2013

Hello Traders,

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

SP 500 still trying to decide which way to go and maybe by the time you read this email , it already decided as Bernanke is scheduled to speak any minute.

Daily chart for your review below.

Mini SP 500 Futures Daily Chart
Mini SP 500 Futures Daily Chart

Continue reading “Futures Trading Levels and Economic Reports for July 11, 2013”

Futures Trading Levels and Economic Reports for July 10, 2013

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 July 10, 2013

Hello Traders,

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

 Some big moves took place while I was away. The two that are of most interest to me, are the stock index and crude oil futures.

Stocks had an impressive rebound following the Nikkei foot steps.

The market is now against strong resistance levels and it will be interesting to see if we can break above 1656 followed by 1680 or if the selling pressure will resume. My longer term outlook is for lower prices but I will let price action show me which side of the market has better probabilities.

Daily chart of the mini SP for your review below:

mini SP daily chart

 

Crude Oil had a big UPSIDE move, mostly on political unrest in middle east but this market is also trading against important levels with today’s high breaking the previous high from Sept. of 2012 .
While I am sure we will see big moves both ways in the volatile crude market, price action suggests more upside in the medium/ longer term based on my personal view of the charts.

Weekly chart for your review below:

 

weekly crude oil chart

 

 

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GOOD TRADING

 

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

Futures Trading Levels

Contract Sept. 2013  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1665.00 3014.50 15369 1030.90 85.74
Resistance 2 1657.00 2999.75 15313 1024.20 85.35
Resistance 1 1651.75 2988.50 15273 1020.00 85.08
Pivot 1643.75 2973.75 15217 1013.30 84.70
Support 1 1638.50 2962.50 15177 1009.10 84.43
Support 2 1630.50 2947.75 15121 1002.40 84.04
Support 3 1625.25 2936.50 15081 998.20 83.77
Contract August Gold Sept. Silver August Crude Oil Sept. Bonds  Sept. Euro
Resistance 3 1286.0 2002.5 106.41 134 10/32 1.3020
Resistance 2 1272.4 1975.5 105.26 134  2/32 1.2960
Resistance 1 1259.3 1947.0 104.62 133 25/32 1.2874
Pivot 1245.7 1920.0 103.47 133 17/32 1.2814
Support 1 1232.6 1891.5 102.83 133  8/32 1.2728
Support 2 1219.0 1864.5 101.68 133 1.2668
Support 3 1205.9 1836.0 101.04 132 23/32 1.2582
Contract Dec Corn Sept. Wheat Nov.Beans Dec. SoyMeal Dec. bean Oil
Resistance 3 543.2 682.8 1300.58 399.70 46.69
Resistance 2 533.1 681.2 1290.42 391.70 46.40
Resistance 1 527.4 679.3 1283.33 385.30 46.18
Pivot 517.3 677.7 1273.17 377.30 45.89
Support 1 511.7 675.8 1266.1 370.9 45.7
Support 2 501.6 674.2 1255.92 362.90 45.38
Support 3 495.9 672.3 1248.83 356.50 45.16
For complete contract specifications for the futures markets listed above click here!

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 3:53pm Currency Impact Detail Actual Forecast Previous Graph
WedJul 10  2:00am EUR German Final CPI m/m 0.1% 0.1%
2:45am EUR French Industrial Production m/m -0.5% 2.2%
4:00am EUR Italian Industrial Production m/m 0.4% -0.3%
10:00am USD Wholesale Inventories m/m 0.3% 0.2%
10:30am USD Crude Oil Inventories -2.9M -10.3M
1:00pm USD 10-y Bond Auction 2.21|2.5
2:00pm USD FOMC Meeting Minutes
4:10pm USD Fed Chairman Bernanke Speaks


This is not a solicitation of any order to buy or sell, but a current 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

Futures Trading Levels and Economic Reports for July 9th, 2013

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 July 9, 2013

Hello Traders,

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

It feels good to be back!  Commentary will resume tomorrow.

Wishing all of you good trading!

Continue reading “Futures Trading Levels and Economic Reports for July 9th, 2013”

Fourth of July Futures Trading Schedule

Posted on by Ilan

Fourth of July Day Holiday Schedule

for CME / Globex & ICE Exchanges

 

CME Group

 

CME & CBOT Equity Products

 

Wednesday, July 3

12:15 P.M. CT –Early close

5:00 P.M. CT –Regular open for trade date Friday, July 5*

Thursday, July 4

7:15 A.M.  CT – Regular open – USD – Ibovespa Futures open for trade date Friday, July 5

10:30 A.M.  CT – Trading halt

Order entry, modification and cancellation allowed

5:00 P.M. CT – Halted products resume trading

Friday, July 5

7:15 A.M.  CT – Regular open – USD – Ibovespa Futures

4:15 P.M. CT – Regular close

Continue reading “Fourth of July Futures Trading Schedule”

Futures Trading Levels and Economic Reports for June 28, 2013

Posted on by Ilan

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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 28, 2013

Hello Traders,

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

 

 There wont be any blog commentary until July 8th as I am taking a family vacation.

Trading levels will be published daily.

Wishing all of you good trading!

Continue reading “Futures Trading Levels and Economic Reports for June 28, 2013”

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.