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Tag: futures trading

FOMC Interest Rate Decision & Futures Economic Levels 5.01.2014

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 May 1, 2014

Hello Traders,

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

 

 

The FOMC interest rate decision is behind us and so is April. This was one of the LESS volatile FOMC announcements. 

Hope everyone will enjoy a great trading month in May!

We still have monthly unemployment this Friday and just for visual, below is the weekly Dow Jones Cash chart, flirting with all time highs…….

807

 

 

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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.

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Futures Trading Levels

Contract June 2014  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell Dollar Index
Resistance 3 1896.50 3627.08 16642 1151.87 80.40
Resistance 2 1888.00 3602.42 16584 1138.13 80.21
Resistance 1 1883.25 3588.33 16549 1131.07 79.89
Pivot 1874.75 3563.67 16491 1117.33 79.70
Support 1 1870.00 3549.58 16456 1110.27 79.38
Support 2 1861.50 3524.92 16398 1096.53 79.19
Support 3 1856.75 3510.83 16363 1089.47 78.87
Contract June Gold July Silver June Crude Oil June Bonds  June Euro
Resistance 3 1310.9 1990.7 102.06 136  6/32 1.4019
Resistance 2 1304.6 1970.8 101.41 135 18/32 1.3948
Resistance 1 1297.4 1945.7 100.65 135  7/32 1.3910
Pivot 1291.1 1925.8 100.00 134 19/32 1.3839
Support 1 1283.9 1900.7 99.24 134  8/32 1.3801
Support 2 1277.6 1880.8 98.59 133 20/32 1.3730
Support 3 1270.4 1855.7 97.83 133  9/32 1.3692
Contract July Corn July Wheat July Beans July SoyMeal July bean Oil
Resistance 3 525.1 730.3 1528.17 500.70 42.87
Resistance 2 522.2 726.5 1520.58 497.50 42.62
Resistance 1 520.6 724.0 1516.67 495.60 42.36
Pivot 517.7 720.3 1509.08 492.40 42.11
Support 1 516.1 717.8 1505.2 490.5 41.9
Support 2 513.2 714.0 1497.58 487.30 41.60
Support 3 511.6 711.5 1493.67 485.40 41.34
5. Economic Reports

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

All times are Eastern time Zone (EST)

Date 4:04pm Currency Impact Detail Actual Forecast Previous Graph
ThuMay 1 All Day EUR French Bank Holiday
All Day EUR German Bank Holiday
All Day EUR Italian Bank Holiday
 7:30am USD Challenger Job Cuts y/y -30.2%
8:30am USD Fed Chair Yellen Speaks
USD Unemployment Claims 317K 329K
USD Core PCE Price Index m/m 0.1% 0.1%
USD Personal Spending m/m 0.7% 0.3%
USD Personal Income m/m 0.4% 0.3%
9:00am USD Final Manufacturing PMI 55.8 55.4
10:00am USD ISM Manufacturing PMI 54.3 53.7
USD Construction Spending m/m 0.5% 0.1%
USD ISM Manufacturing Prices 59.4 59.0
10:30am USD Natural Gas Storage 75B 49B
All Day USD Total Vehicle Sales 16.2M 16.4M

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 here in 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 Mini Indices Volume and Mini S&P Chart 4.22.2014

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 April 22, 2014

Hello Traders,

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

Extremely light volume in the markets today as Europe was still on a holiday. Volume in the mini SP contract was about 35% of the average normal daily volume as of lately. I suspect that both market participants and volatility should return tomorrow from the Easter holiday.

Daily chart of the mini SP for your review below:

805

Continue reading “Futures Mini Indices Volume and Mini S&P Chart 4.22.2014”

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”

Triangles Offer Traders Important Forecasting Information by Elliot Wave International 4.11.2014

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 Friday April 11, 2014


Hello Traders,

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

Triangles Offer Traders Important Forecasting Information
Find out about 14 Elliott wave trading insights
By Elliott Wave International

EWI analyst Jeffrey Kennedy explains why triangles offer traders important forecasting information. Take a look at a chart that shows a real-world example of the triangle price pattern, and read Jeffrey’s comments.Read more.

Continue reading “Triangles Offer Traders Important Forecasting Information by Elliot Wave International 4.11.2014”

Setting Daily Profit Target and Money Management for Futures Trading 4.10.2014

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 10, 2014


Hello Traders,

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

I wrote a good article a few years back about day trading money management and one of my points was that it is my personal opinion that if a day trader sets a daily target profit and walks away when he or she achieves that target, they will fare better in the long run.

I might be wrong but think about it, if you are trading a $10,000 account and have a daily profit target of $500. How many times were you there intraday? Would your account equity be in a better shape now if you walked away each day when you made $500 ( in addition to implementing a daily stop level?)

The profit level will be different for each trader based on account size, trading style, aggressiveness level etc. but from talking with many different clients and observing many different clients I think that setting daily profit  AND daily money management will help most traders financially as well as emotionally.

If you want to read the full article and you are a client, simply email me your name and account number and i will email the PDF to you. If you are a prospect, please share with me your trading experience and software you are using and I will be happy to email it to you as well.

Continue reading “Setting Daily Profit Target and Money Management for Futures Trading 4.10.2014”

Benefits of Trading Futures Online

Posted on by Ilan

Full-service walk-in brokerage firms have been the traditional institution trusted within the investment world. Currently, a new way of trading has been edging its way to the forefront – online futures trading. Trading online has provided many new possibilities for would-be investors, and in today’s day and age, there is almost a necessity to find more comprehensive, faster, real-time ways to interact within the commodities markets.

The internet puts any given market and its activity into electronic format, which gives investors quicker access to trading positions. Futures trading, particularly, is a type of trade in which an investor takes a position on a contract with a set price of an underlying commodity, and agrees to either buy or sell the underlying asset in raw or currency form at a set future date. Below is a comprehensive explanation of the specific benefits of trading futures contracts with these added benefits. By taking them into consideration with an investor’s knowledge of various markets, traders can put their strategies into context and take unique positions with their investments.

  • Reduced Commissions: Brokers put a tremendous amount of work into studying market trends, negotiating trades, and processing orders for clients, so it comes as no surprise that their invested time and effort costs the investor a great deal. By trading online, traders can cut commission costs by fifty to seventy-five percent. An investor can expect to pay out five to ten dollars per trade while trading futures online, as opposed to the forty to seventy dollars per trade with a full-service broker. There is also an option for broker assisted accounts in which an investor pays a slightly higher rate of fifteen to twenty dollars per trade with trading advice and broker suggestions. Either way, the savings over time are valuable.
  • Learning Curve: An investor can learn a great deal through online trading by taking more control in day to day decisions. Many brokers can assist a trader with the basics of futures trading, however the ability to take a more proactive approach to trading futures is an investor’s biggest asset. If an investor makes a bad trading decision, albeit costly, the decision can acclimate a trader to market temperaments and provide valuable experience as to the responsibility involved in reaching their trading goals.

Continue reading “Benefits of Trading Futures Online”

Futures Levels & Economic Reports 3.26.2014

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 March 26, 2014

Hello Traders,

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

The importance of a positive state of mind when trading….is HUGE….
I have seen it when helping clients, interacting with online clients and most of all with myself.
When I let the market or surrounding elements take me out of my focus and allow frustration to take control, the results can be dangerous….an example might be getting stopped out on a short crude trade at the high of the day just to see the market reverses fast and strong….A client may get frustrated because of margin calls or other issues.
It may even be elements outside of trading, such as family, phone calls or just feeling stressed for non trading related issues.
The result of all of the above ends up being poor decision making, trading with frustration, low thresh hold for mistakes and much more.
What is the solution? I do not have one but recognizing that you are trading with the wrong frame of mind or frustration is a good first step. Taking a small break from the screen and putting things in a bigger perspective is a good second step. Deep breaths and a quick time out never hurt anyone either…..

Hope that by sharing this I may help you the next time frustration is about to take over….. Continue reading “Futures Levels & Economic Reports 3.26.2014”

Futures Trading Levels & Economic Reports 2.27.2014

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 Friday February 28, 2014

Hello Traders,

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

Here are the current front months, active months for the more popular futures contracts. I will send a separate, special notice before stock index futures roll over in two weeks:

 

  • Stock index ( mini SP, mini Russell etc.) MARCH
  • Financials ( bonds, 10 years etc.) JUNE
  • Crude oil, Natural gas other energies: APRIL
  • Gold: APRIL
  • Silver, copper: MAY
  • Beans, wheat, corn and other grains: MAY
  • Currencies ( euro, yen, Swiss etc.) MARCH
  • Coffee, Cocoa, Sugar, Cotton: MAY
  • Meats ( cattle, hogs) APRIL

Continue reading “Futures Trading Levels & Economic Reports 2.27.2014”

Futures & Commodities Levels and Economic Reports 2.13.2014

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 February 13, 2014

Hello Traders,

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

If you are a stock index futures trader, like many of our readers/clients are, try and pay attention to how the 30 year bonds move intraday.
I have found out that many days you can see the inverse relationship between the bonds and stocks, especially on days when there is not much news or range bound days like today.
Sometimes I noticed that if bonds start bidding higher it can serve as a small signal for possible sell off in SP500 and other stock indices and vice versa.
Obviously I would NOT use this as the sole tool for making trading decisions but follow the price action for a while as well as the relationship between stock index futures and interest rate futures and see if this can be helpful for you with your trading.
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.