Last trading day for April is tomorrow…..while the last few months have shown that statistically, the market goes up the last couple of trading days, I am going to take a stab and look for the market to pull back if we can break below 1352 during the pit session….
Hope everyone enjoyed a nice, long weekend/ holiday!
Full week ahead, many reports including much anticipated FOMC this Wednesday, so be ready for volatile action in many markets.
Below you will see a short video taken from trading session last week during my daily live chart service, that can provide a glimpse into what the service entails:
During this daily sharing of intraday charts along with possible buy and sell set ups, I review the MINI SP 500, the crude oil futures and the euro currency. I go over some money management rules, trade set ups , trading philosophy and more.
If you have not had a trial before and would like to view what this service has to offer for you a s a trader, please sign up for free 2 weeks trial at the Cannon Trading Live Webinar site.
Current market in the news: SILVER….almost hitting the major $50 mark overnight, silver along with other metals and commodities in general experiencing higher volatility. Below is a daily chart along with some levels to watch. In the same subject, margins on silver have increased, new initial margin is almost$13,000. More at: CME Group Silver PDF
Note today’s HIGH volume, also making a new high but closing below the opening price. Price action in this market will be interesting to watch!
Daily silver futures trading chart screenshot from today April 25th 2011
The CME Group report in PDF form also has the complete schedule.
Below you will see a link to a short video taken from yesterday’s trading session during my daily live chart service.
During this daily sharing of intraday charts along with possible buy and sell set ups, I review the MINI SP 500, the crude oil futures and the euro currency. I go over some money management rules, trade set ups , trading philosophy and more.
Don’t forget markets are CLOSED this FRIDAY, April 22nd in observance of Good Friday!So after the close Thursday markets will remain closed until Sunday evening. Make sure you review your positions carefully tomorrow, at least 15 minutes before the close.Full schedule at the Cannon Trading Inc. weekly Newsletter.
Keep in mind it is earnings season!Market is susceptible for after hours swings ( like we witnessed yesterday…..).
Below is a screen shot from this morning “live intraday chart service” I run daily.During this daily sharing of intraday charts along with possible buy and sell set ups, I review the MINI SP 500, the crude oil futures and the euro currency. I go over some money management rules, trade set ups , trading philosophy and more.If you have not had a trial before and would like to view what this service has to offer for you a s a trader, please sign up for free 2 weeks trial at the Cannon Trading Live Webinar site. Continue reading “Futures Trading Levels, Markets are Closed 4/22 for Good Friday”
We witnessed some volatility in the markets today after SP comments “downgrade of US debt”. I think volatility is here to stay for a while longer…..
Below you will see a daily chart of SP500 with possible levels of support and resistance. I think if the late session bounce stays below 1304 to 1313, then we can resume the developing short term down trend with next targets at 1279 and 1266. Wishing you good trading rest of the week! Continue reading “Futures Trading Levels, Volatility After S&P News”
May crude contracts rose 83 cents, or 0.8%, to reach $107.91 a barrel on the futures trading floor of the NYMEX after starting the day off negative. Gasoline contracts for May delivery lost 1 cent, or 0.3%, to reach $3.23 a gallon.
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.
