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Tag: futures trading

Mini S&P Chart & Economic Reports 12.19.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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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 December 19, 2014

Hello Traders,

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

Recent moves in the stock market don’t stop to amaze me…. FED changes language in statement slightly and we jump over 2.5%!!!

Hard to predict what will happen next, at least for me it is. We have seen days where the market closes down sharply only to make a U turn the next day and vice versa.

Below is a daily chart of the mini SP, if we break the recent highs of 2072, then next targets are 2094 and 2170.

EP - E-mini S&P 100, Equalized Active Daily Continuation

Continue reading “Mini S&P Chart & Economic Reports 12.19.2014”

Christmas Holiday Futures Trading Schedule 2014

Posted on by Ilan

Christmas Holiday Schedule 2014


Equity Products

Wednesday, Dec 24

1215 CT / 1315 ET / 1815 UTC – Early close

Thursday, Dec 25

Christmas Day Observed – Globex close

1700 CT / 1800 ET / 2300 UTC – Regular open for trade date Friday, Dec 26

 Friday, Dec 26

 1615 CT / 1715 ET / 2215 UTC – Regular close

Interest Rate & FX Products

 Wednesday, Dec 24

 1215 CT / 1315 ET / 1815 UTC – Early close

 Thursday, Dec 25

Christmas Day Observed – Globex closed

1700 CT / 1800 ET / 2300 UTC – Regular open for trade date Friday, Dec 26

 Friday, Dec 26

 1600 CT / 1700 ET / 2200 UTC – Regular close

Energy, Metals & DME Products

Wednesday, Dec 24

1245 CT / 1345 ET / 1845 UTC – Early close

Thursday, Dec 25

 Christmas Day Observed – Globex closed

 1700 CT / 1800 ET / 2300 UTC – Regular open for trade date Friday, Dec 26

Friday, Dec 26

1615 CT / 1715 ET / 2215 UTC –Regular close

*Dates and times are subject to change 1 Last updated 12/9/2014Globex® Christmas Holiday Schedule

Grain, Oilseed & MGEX Products

 Wednesday, Dec 24

 1200 CT / 1300 ET / 1800 UTC – Early close

 1215 CT / 1315 ET / 1815 UTC – Early MGEX Wheat & Apple Juice close

 1230 CT / 1330 ET / 1830 UTC – Early Mini-Sized grain close

 1230 CT / 1330 ET / 1830 UTC – Early MGEX Indices close

Thursday, Dec 25

Christmas Day Observed – Globex closed

Friday, Dec 26

 0700 CT / 0800 ET / 1300 UTC – MGEX Apple Juice open

 0830 CT / 0930 ET / 1430 UTC – Grain, Oilseed & MGEX products open

Regular Close – Per each product schedule

Livestock, Dairy & Lumber Products

Wednesday, Dec, Dec 24

 1200 CT / 1300 ET / 1800 UTC – Early close for Dairy futures & Options

 1200 CT / 1300 ET / 1800 UTC – Early close for Lumber Futures

 1202 CT / 1302 ET / 1802 UTC – Early close for Lumber Options

 1215 CT / 1315 ET / 1815 UTC – Early close for Livestock Futures & Options

Thursday, Dec 25

Christmas Day Observed – Globex closed

Friday, Dec 26

 900 CT / 1000 ET / 1500 UTC – Lumber market open

 800 CT / 900 ET / 1400 UTC – Livestock markets open

 905 CT / 1005 ET / 1505 UTC – Dairy markets open

Regular Close – Per each product schedule

  Continue reading “Christmas Holiday Futures Trading Schedule 2014”

Economic Reports & Futures Levels 12.17.2014

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 Wednesday December 17, 2014

Hello Traders,

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

Our blog is nominated for the STAR award once again!

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The FOMC interest rate decision is due at 14:00 ET in the US tomorrow ( Wednesday, Dec. 17th ).

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.

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 1965.00 with a stop at 1959.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 1959.75 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
  • This is another great example why a trading journal would be an asset, as you can go back and check your notes from previous FOMC days.
  • Be patient and be disciplined

Continue reading “Economic Reports & Futures Levels 12.17.2014”

Economic Reports and Futures Levels 12.09.2014

Posted on by Ilan

Hello Traders,

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

Hello Traders,

 Today’s correction another opportunity to go long?

To be honest, I am not sure and some what exhausted from trying to predict what I consider a manipulated market…yet I am still trying to look at the chart and look for clues from the technical perspective even though stock indices have not really reacted to technicals in a while….

Daily chart of the mini NASDAQ 100 for your review below. I was hoping we can close below the 2073.50 level, which we did not BUT we were able to break it today.

Some possible levels to watch in the chart below:

ENQ - E-mini NASDAQ -100, Equalized Active Daily Continuation - Heikin:Ashi
ENQ – E-mini NASDAQ -100, Equalized Active Daily Continuation – Heikin:Ashi

Continue reading “Economic Reports and Futures Levels 12.09.2014”

Futures Trading Levels & Economic Reports 12.04.2014

Posted on by Ilan

Hello Traders,

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

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 one of your worst enemies.

One way I found that helped some clients to deal with the fear and greed and its related cousin, “getting out of winners too soon and staying in losers too long…” is entering multiple contracts when getting into a day-trade.

Obviously, one has to have the appropriate risk capital, margin requirements to do so 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, that is considered treating your trading size as one unit), you can face a very quick dilemma, especially when day-trading. 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?

Continue reading “Futures Trading Levels & Economic Reports 12.04.2014”

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”

Futures Trading Levels & Economic Reports 9.26.2014

Posted on by Ilan

Hello Traders,

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

There will be no commentary today.  Thank you and good trading!

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. Past performance is not indicative to future results.

Continue reading “Futures Trading Levels & Economic Reports 9.26.2014”

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.