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Tag: Futures Trading Levels

Trading Levels and Reports for November 16, 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 Friday November 16, 2012

 

Hello Traders,

I have been “playing around” , testing renko charts for day trading set ups and find them intriguing enough to spend some more time studying renko charts along with some indicators I like for different day-trading set ups.

Below you will see two screen shots from today’s session. Both use Renko charts

Renko-Chart-1-minute-miniS&P

 

Renko-Chart-1-minute-miniRussell2000P

 

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: https://www.cannontrading.com/tools/intraday-futures-trading-signals

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?

 

Reports and Trading Levels for November 15, 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 November 15, 2012

 

Hello Traders,

I mentioned last week ( Nov. 7th blog) that the next target on the ES is 1358. Today we met this target and then broke and CLOSED below it.

 

What next? I wish I had a crystal ball to predict but I don’t….however based on technical tools and statistics my speculation is that we will head towards the 1332 level. That being said, I do think that we are oversold at this point and can see a strong short covering bounce at any time. Daily chart for your review below:

es daily

 

Trading Levels and Reports for November 14, 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 Wednesday November 14, 2012

 

Hello Traders,

Now – Nov. 19, you can join a free analysis-packed event for investors in the U.S. markets, hosted by Elliott Wave International, the world’s largest financial forecasting firm.

Packed with videos, charts, analysis and more, this event centers around EWI’s three flagship publications: The Elliott Wave Theorist, The Elliott Wave Financial Forecast, and the Short Term Update. During this rare event, you will get to see the analysis and forecasting from each of these premier U.S. market publications.

Here’s an overview of what you’ll get when you sign up now:

  • Robert Prechter’s November video edition of The Elliott Wave Theorist: In the 30 years of publishingTheorist, this is only the third time that Bob has recorded a video issue. You will get select clips of his landmark presentation. You don’t want to miss this!
  • Complete Short Term Updates on Monday, Wednesday and Friday: Chief Market Analyst Steve Hochberg gives you forecasts for the markets’ near-term turns through use of extensive Elliott wave charts.
  • October 2012 Elliott Wave Financial Forecast: 10 pages of analysis of U.S. stocks, bonds, gold, silver and the U.S. Dollar.
  • Steve Hochberg’s “Buy and Hold or Sell and Fold” video presentation, plus his Nov. 8 video interview on CNBC’s Fast Money program.
  • Prechter’s best-seller Conquer the Crash: You can read eight chapters now, including: “When Do Depressions Occur?”, “The Significance of Historically Optimistic Psychology”, and “When Do Stock Markets Turn from Up to Down?”

We could tell you more about this exciting event from EWI, but why not learn more for yourself?

Join EWI’s free event for U.S. investors now >>

There’s no obligation beyond creating your free online profile for instant access to the resources you see above and much, much more.

 

 

P.S. This free event will end promptly at noon Eastern time Monday, Nov. 19. Join now for instant access to the free charts, video, analysis, forecasts and more. Learn more.

About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.

 

Trading Levels and Reports for November 13, 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 Tuesday November 13, 2012

 

Hello Traders,

We had thin trading on light volume today as banks were closed for Veterans Day.

 

I suspect both volatility and volume will return to the market tomorrow.

An updated mini Russell 2000 daily chart for your review below:

mini Russell TF_nov122012

 

Trading Levels and Reports for 11-09-2012

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 Friday November 9, 2012

 

Hello Traders,

Market definitely broke to the downside following the election results.

We closed today below the 1384 support level, which opens the door for a test of 1358.

Keep in mind that the day-trading ranges are getting wider, volatility is picking up. For me personally that means two things:

Trade SMALLER quantity and give your trades more room, be more patient on your entries.

Daily chart of the mini SP for your review below:

es daily chart nov. 8th

 

Trading Levels and Reports for November 7, 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 November 1, 2012

 

Hello Traders,

Fibonacci Price Waves: Precision Method For Pinpointing High Probability Trades
Join us for a Webinar on November 8
Space is limited.
Reserve your Webinar seat now at:
https://www2.gotomeeting.com/register/210613442
Fibonacci Price Waves: Precision Method For  Pinpointing High Probability TradesJoin us as we host Alla from AlphaWaveTrader.com  for a special presentation on the power of Fibonacci and Fibonacci price waves.
The Futures training webinar will take place on Thursday, November 8th  at 3:15 p.m. CST
In this webinar Alla will demonstrate how:
* Every Support and Resistance level in the market is based upon a Fibonacci Level!
* The market moves are based on Fibonacci Price Waves!
* Fibonacci is the only Predictive Tool that accurately identifies Price Moves!
If you are skeptical: bring the instrument of your choice: Futures, Forex or Stocks, Tick, Daily and Range Charts! It doesn’t matter! Wherever there is Price: There Is The Alpha Wave Trader™ Method!She’ll teach you…how she confidently trades Crude Oil (CL) Futures, Nasdaq E-Mini Futures (NQ) and the Russell 2000 E-mini Futures (TF)…with no indicators.In this Special Webinar, let Alla show you:
* The Precision of Fibonacci Price Waves and Fibonacci based Support And Resistance Levels – which are imperative to Trading Success.
* The Importance of knowing Trend Exhaustion Levels for maximizing your profits.
* How to identify Key Trading Areas for high probability entries and when to stay out of the market.
* How to differentiate between the Minor and Major Trends by simply reading Price.
…. and much more!

*** Attendees will receive a link to attend the AlphaWaveTrader trading room FREE for 4 days following the webinar!SEATS ARE LIMITED, SO DON’T MISS THIS SPECIAL FREE WEBINAR!Risk: 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.

Title: Fibonacci Price Waves: Precision Method For Pinpointing High Probability Trades
Date: Thursday, November 8, 2012
Time: 1:15 PM – 2:00 PM PST
After registering you will receive a confirmation email containing information about joining the Webinar.

Trading Levels and Reports for November 6, 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 November 1, 2012

 

Hello Traders,

 

Moving Averages and the Wave Principle
Improve your Elliott wave pattern identification skills with this lesson from Jeffrey Kennedy
By Elliott Wave International

EWI Senior Analyst Jeffrey Kennedy teaches you a little-known fact about moving averages. Read more.

Trading Levels and Reports for November 2, 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 November 1, 2012

 

Hello Traders,

 Monthly Unemployment numbers tomorrow at 7:30 AM central time, an hour before cash open.

This is a market moving report so be aware!

DESCRIPTION
Monthly change in employment excluding the farming sector. Nonfarm payrolls is an influential statistic and economic indicator released monthly by the US Bureau of Labor Statistics as part of a comprehensive report on the state of the labor market. Payroll jobs move with the economy and help define business cycles; the figure is therefore analysed to determine whether the economy is expanding or contracting.As the Federal Reserve is mandated to establish a monetary policy that ensures maximum employment, the Fed pays particular attention to this employment statistic. A surge in new nonfarm payrolls suggests rising employment and thus potential inflationary pressures, which the Fed often counters with rate increases. On the other hand, a consistent decline in nonfarm employment suggests a slowing economy, which makes a decrease in rates more likely.
WEB ADDRESS
http://www.bls.gov/

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Trading Levels and Reports for October 31, 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 Wednesday October 30, 2012

 

Hello Traders,

Looks like we should finally resume normal trading starting this evening and into tomorrow’s trading session:

CME Group will reopen its U.S. equity index futures and options on futures markets today at 5:00 p.m. CT and resume normal trading hours on the trading floor and CME Globex venues tomorrow. CME Group’s interest rate complex reopened for electronic trading on Monday evening, October 29, and has since resumed trading on the floor and electronically, observing regular trading hours. With the reopen of our equity complex, all CME Group electronic markets will be open during normal trading hours this evening and tomorrow, Wednesday, October 31, 2012.

In addition, we will open the New York trading floor contingent upon New York City lifting the evacuation order for Zone A, which includes CME Group’s NYMEX World Headquarters and the New York trading floor. All New York floor-traded products remain available on CME ClearPort as well as CME Globex during their regular market hours.

Trading Levels and Reports for 10-30-2012

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 Tuesday October 30, 2012

 

Hello Traders,

Hurricane Sandy shut down the NYSE and in return CME and ICE shut down trading on stock index futures earlier this morning and then shut down interest rates earlier than normal.

 

As of this moment, CME plans on having NORMAL trading for tonight and tomorrow’s session.

 

If we hear anything different we will update you and feel free to check the CME website for any updates:

 

http://www.cmegroup.com/

 

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.