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Tag: futures trading

Futures Trading Levels, Markets are Closed 4/22 for Good Friday

Posted on by Ilan

Cannon Trading / E-Futures.com

  1. 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.

    and CME Group Holiday Schedule report in PDF form.

  2. Keep in mind it is earnings season!Market is susceptible for after hours swings ( like we witnessed yesterday…..).
  3. 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”

Futures Trading Levels, Gold Reaches Psychological Level of $1,500

Posted on by Ilan

Cannon Trading / E-Futures.com

Market in the news today (and actually for last few weeks/months….) is gold. Hitting the psychological level of $1500. Below is daily chart along with possible levels if we continue higher and possible levels if we witness profit taking. Continue reading “Futures Trading Levels, Gold Reaches Psychological Level of $1,500”

Futures Trading Levels, Volatility After S&P News

Posted on by Ilan

Cannon Trading / E-Futures.com

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”

Futures Trading Levels, Feature: the Cannon Trading News Center

Posted on by Ilan

Cannon Trading / E-Futures.com

 

Energy Markets Move Little

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.

This and other news stories may be found at the Cannon Trading News Center Continue reading “Futures Trading Levels, Feature: the Cannon Trading News Center”

Futures Trading Levels, Daily Levels To Resume Monday the 18th

Posted on by Ilan

Cannon Trading / E-Futures.com

Daily levels will resume Monday , April 18th, until then feel free to contact your broker with any information you may need directly.

Daily chart of SP 500 contract with potential levels for your review below: Continue reading “Futures Trading Levels, Daily Levels To Resume Monday the 18th”

Futures Trading Levels, Volatile Oil Market is Most Affected by Libian News

Posted on by Ilan

Cannon Trading / E-Futures.com

Volatile action continue in the crude oil market, definitely not a market for traders with weak stomachs or those who don’t have “deep pockets”. High volatility.

Daily chart of May Crude below with possibility of market pulling back to 103.39 if selling resumes overnight – however this being said, the crude market is currently affected mostly by Mideast/Gaddafi news….. Continue reading “Futures Trading Levels, Volatile Oil Market is Most Affected by Libian News”

Futures Trading Levels, FOMC Members Dudley, Evans and Yellen Speak Tomorrow

Posted on by Ilan

Cannon Trading / E-Futures.com

Have a great weekend and a good trading week.

Below is daily chart of SP500 with some potential levels for the “minor sell signal” I got 2 days ago. Continue reading “Futures Trading Levels, FOMC Members Dudley, Evans and Yellen Speak Tomorrow”

Futures Trading Levels, New Potential Sell Signal

Posted on by Ilan

Cannon Trading / E-Futures.com

I have a potential sell signal based on the Dow Jones Industrial cash index. In order for me to get more confidence in the short side, I would need to see the Dow Cash breaks below todays low which was 12353. If that happens I would look for 12100 but would also get out of the trade if market goes and makes fresh highs above todays highs.

“Plan your trade, trade your plan” Continue reading “Futures Trading Levels, New Potential Sell Signal”

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.