“Motto” of the Month: “Plan your trade, trade your plan”
Our Weekly Futures Trading Newsletter is Ready for Your Review:
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https://www.cannontrading.com/community/newsletter/
************************************************************** Continue reading “Futures Trading Levels and Weekly Newsletter for December 2nd 2010”
“Motto” for the month: “Plan your trade, trade your plan”
With a new month starting, I thought I would share a monthly chart of the SP500 CASH INDEX.
Notice the FIBONACCI levels and how price action is so far respecting these levels.
Make it a great trading month in December.
Continue reading “Futures Trading Levels and Economic Reports for December 1st 2010”
Hope everyone had a nice Thanksgiving weekend and are ready for trading the rest of the week and upcoming December.
Since I have nothing of importance to share trading wise, I would like to share couple of trading quotes I saw today and liked:
“Continually strive for patience, perseverance, determination, and rational action.”
“Successful traders set profit objectives for each trade they enter.”
You may agree or disagree but thought these two quotes were worth sharing! Continue reading “Futures Trading Levels and Motivational Quotes, November 30th 2010”
Hope everyone had a nice thanksgiving and will enjoy the weekend ahead.
I think we should see a full, busy trading week ahead, so rest and recharge!
Daily chart of Mini NASDAQ 100 for your review below:
Continue reading “Futures Trading Levels and Economic Reports for November 29th 2010”
Happy Thanksgiving to everyone.
Weekly newlstter + holiday trading hours at:
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https://www.cannontrading.com/community/newsletter/
************************************************************** Continue reading “Weekly Futures Trading Newsletter and Trading Levels, November 25th 2010”
Busy day ahead tomorrow with significant reports through out the day. Markets are closed Thursday in observance of Thanksgiving and then open half day on Friday.
Overnight news from N Korea and Europe definitely had much bigger on the markets than any technical chart formations…but “looking forward” we sometimes have to look back in trying to project price action.
Levels for your review on the daily mini SP 500 chart below. 1151 is first major support in case declines continues.
Continue reading “Futures Trading Levels and Markets Schedule for November 24th 2010”
Busy day ahead tomorrow with significant reports through out the day and ahead of short trading week due to Thanksgiving holiday.
Mini SP 500 hourly chart with levels for your review below:
Continue reading “Futures Trading Levels and Economic Data for November 23rd 2010”
As we asked many times before….is this bounce just a correction from the short term sell off we had over the last few days OR was the sell off of the last few days just a correction from the recent rally of last few weeks???
I wish I could tell you, but what I can share is that in situation like this one, it is wise to wait for market reaction, price behavior around key areas of support and resistance and perhaps look at a few time frames, i.e. look at 15 minute chart, an hourly chart and a daily chart…
Below you will see the hourly Mini SP chart and below that the mini SP Daily chart for your review along with key levels.
Mini SP 500 hourly chart:
Mini SP 500 Daily chart:
Continue reading “Recent Rally of Futures Trading Causes Short Term Sell Off, November 19th, 2010”
Weekly newsletter for your review posted at:
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https://www.cannontrading.com/community/newsletter/
*************************************************************** Continue reading “Weekly Newsletter and Futures Trading Levels for November 18th 2010”
Mini Nasdaq 100 daily chart for your review, we “stopped” right on the first support level, next level if we can break lower is 2023:
Continue reading “Mini Nasdaq 100 for Your Review for November 17th 2010”