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Weekly Newsletter: LIVE Trade Alerts via Email + Futures Trading Levels for Jan. 8th

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1177

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices
  • Trading Alerts Via Email
  • Broker’s Trading System of the Week – Mini Nasdaq Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

      • We are not seeing any Fed Speakers on the Calendar for next week, this could change.
      • Volatility should be a feature mid to late week
      • Wholesale trade (Wed), CPI (Thur), jobless claims(Thur), PPI (Fri) All@ 7:30 a.m. CST
      • Over 1 Trillion $$ in Market Cap report Q4 ’23 earnings on Friday the 15th.
      • Those reporting: JPM(Chase), UNH (United Healthcare), BAC (Bank of America), WFC (Wells Fargo), C (Citibank), BLK (BlackRock)
      • In the Ag sector, what is touted as “the biggest USDA data dump of the year, presenting the opportunity for the most market-moving surprises” by Arlan Suderman StoneX lead Ag analyst.
      • USDA Supply/Demand and Annual Crop production numbers to be released @11:00 a.m. CST

 

 

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  • Real Time Email Alerts

    Directly to your Phone!

  • You will receive an email each time there is an entry or exit in a simple language along with the current price for that specific market.
  • A licensed series 3 broker at your fingertips
  • Email alerts available to US and Canada and Int’l clients
  • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies, Meats & Softs
  • Open an account* and receive the Trade Alerts free for 3 months ($357 value)
  • See an example of a recent trade alert for Gold Futures in the image below
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  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.

CR7

PRODUCT
Mini NASDAQ 100
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$20,000.00
COST
USD 50 / monthly
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

 

  • Trading Levels for Next Week

Daily Levels for January 8th, 2024
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Trading Reports for Next Week
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  • click above for a LIVE demo, streaming prices
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
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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 herein 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.

 

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.

Crude Oil & Nat Gas Numbers Tomorrow! +Futures Trading Levels for 01.04.24

Posted on by Ilan
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What to look for in the last two trading days of the 1st trading week of 2024:

By Mark O’Brien, Senior Broker

 

General:  

 

Welcome to 2024 and best wishes in all your ventures for this year, including your trading, of course.  No matter what markets you’re following and trading, keep an eye out for those forces that move them for directional signals.  And in this inter-connected world there are some big-picture forces to watch as they develop in the coming months.

 

Inflation: Although many futures markets react to national inflation readings, global, regional and other state inflation readings will also move the markets.  Think Europe and China as important areas where inflation fluctuations can influence futures prices.

 

China: All by itself – its overall economic health, its GDP, its demand for the very commodities traded on U.S. futures exchanges – is a major point of reference for commodities prices.

 

U.S. monetary policy: plainly tied in part to inflation, our Central Bank is on the verge of entering a new phase in their unceasing mandate to control inflation and foster employment.  Financial markets are entering this year confident that rate cuts are in store beginning sometime this year – and other advanced economies will be striving and acting similarly as they see fit.

 

The U.S. dollar: our currency is forecast to depreciate as U.S. real economic growth and inflation slows.  Added to the pull, the country’s debt to GDP ratio as reflected in our current account deficit has become unsustainably high. Futures traders should be aware of the general inverse relationship between the value of the dollar and commodities prices. Prices of commodities tend to drop when the dollar strengthens against other major currencies. When the dollar weakens, prices of commodities generally move higher.

 

A busy U.S. electoral calendar:  Get ready for the Iowa Caucus (Jan. 15) and New Hampshire primary (Jan. 23).  They kick off our nation’s election cycle to November 5th when we elect our 47th president among other important state and federal office holders and with tensions already high among the major parties along with differences in economic policies, look for the futures markets to also trade with this tension in the air.

 

A busy international electoral calendar: South of our border, Mexico will hold a presidential vote in June. Taiwan, seemingly a pawn in U.S. – China relations, but an economic force to be reckoned with, holds its presidential election on Jan. 13.  India, now the world’s most populous nation and a rapidly developing manufacturing powerhouse also goes to the polls in April and May.  While no surprises are in store with both countries’ leaders expected to remain in power, Russia and Ukraine hold elections in March.  Everything from energy to grains have been impacted by the war between the two.

 

 

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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 when it comes to Futures Trading.

Futures Trading Levels

01-04-2024

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

 

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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 judgement in trading.

FOMC Minutes, ISM and JOLTS Tomorrow! +Futures Trading Levels for 01.03.24

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

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Only 3 days of trading left in the first trading week of 2024.

These 3 days are PACKED with reports and I suspect much different trading behavior than we saw the last trading week of 2023.

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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 when it comes to Futures Trading.

Futures Trading Levels

01-03-2024

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

 

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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 judgement in trading.

Weekly Newsletter: New Year’s Trading Resolution + Futures Trading Levels for Jan. 2nd

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1176

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices – Holiday Trading Schedules
  • Trading Blessing for the 2024
  • Make 2024 Your Best Trading Year Yet!
  • Hot Market Outlook – March Dollar Index
  • Broker’s Trading System of the Week – EuroStoxx Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

  • Important Notices

      • Another four day trading week
      • A smattering of earnings. Mostly Microcap to Midcap with a handful of Large caps sprinkled in ( >$10B Mkt Cap)
      • Tuesday and Thursday Manufacturing and Services PMI respectively 9:00 a.m. CST
      • No consequential Fed or Congressional items on the calendar
      • Friday BIG Non-Farm Payrolls report, 7:30 a.m. CST.
      • New Year’s Trading Schedule HERE

 

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  • Trader’s Blessing for the 2024

Wishing ALL of you a happy, healthy and successful New Year!
  • The Trader’s Prayer
    May I never be facing north when the markets headed south, and may locked limit always be on my side. 🤜🏼
    May the money left on the table be someone else’s and may my pockets be deeper than the correction.
    ✋ May I always be 5 minutes ahead of the market, And may my order have a clear path to the pit (electronic exchange now days….).
    ✋ And if this one is a winner, I swear I quit!

Make 2024 Your Best Trading Year Yet – Walk before you run

By Cannon Trading staff
The image of a successful futures trader is that of a lone wolf surveying the landscape looking for an opportunity to attack and seize quick and substantial profits. We all know about the potential for making a fortune in the futures markets. Yet, few do so. Why is that? What are some of the common pitfalls that prevent this dream from becoming a reality for most futures traders?
One of the most prevalent misconceptions for inexperienced futures traders is that they believe themselves to be smarter than the rest of the commodities market participants. They underestimate the qualifications and abilities of the rest of the futures markets professionals. This business of commodities trading is dominated by very dedicated, resourceful professionals who have invested lots of time and assets into their pursuit of trading futures profits. Competing against these seasoned professionals is not impossible but going at it alone, especially initially, is usually not the most prudent course of action for new futures traders.
When we were children, we learned to walk before we learned to run. This is true for most of our life experiences. We played t-ball before we played baseball. We took lessons from Arthur Murray before we entered dance competitions. We watched cooking shows or read cookbooks before we attempted to deep fry our first turkey. So, why do so many novice futures traders think that they should enter into the world of futures trading without the support of an experienced futures broker? Why, armed with their computers and quote systems do they think that they are equipped to go it alone and be successful? It isn’t logical. It goes counter to our collective life experiences.
If your goal is to trade futures/commodities independently, why not do so after acquiring valuable experience and insight by working with a seasoned professional futures broker? Someone who is already fully engaged in the futures markets. Why not begin by using a mentor, a teacher, an advisor who can supply ideas, guidelines, disciplines, and insights that the novice trader could not otherwise be exposed to? We all learned to drive with the help of an instructor, why not approach the commodities markets in a similar fashion? Your hard-earned capital is at stake. Getting an education can be a very expensive process, especially in the futures trading business. Why not take advantage of the help offered by an experienced professional? Help like this can shorten a new futures trader’s learning curve and reduce the cost of his or her tuition for this education.
It is true that not all commodities brokers are quality teachers or mentors. The futures trader must choose his or her mentor carefully….just as one does when choosing a lawyer, doctor, or accountant. The futures brokers at Cannon Trading as a group are among the finest professionals that you will find anywhere in the futures trading world. The management at Cannon Trading has chosen these brokers prudently and after much scrutiny. This is evidenced by the impressive record of professional business conduct for the past 30 years by Cannon’s brokers. This record can be reviewed by going to www.nfa.futures.org ( the National Futures Association) website and comparing Cannon Trading versus other futures brokerage firms. You will be impressed.
Professional athletes use sports psychologists. Boxers use corner men. Graduate students study under the guidance of their professors. Professional singers utilize vocal coaches. Shouldn’t you as a futures trader avail yourself of the same sort of support that successful people in all of these endeavors use?
Hot market of the week is provided by QT Market Center, A swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
March Dollar Index
March resumed its slide into new lows. At this point, a third PriceCount objective of 98.93 would coincide with summer lows.
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

  • Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT
EuroStoxx future (EUR)
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$10,000.00
COST
USD 50 / monthly
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
Sign Up for a Free Personalized Consultation with a Broker from Cannon Trading Company
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
Would you like to receive daily support & resistance levels?
Yes
S
No
S

 

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  • Trading Levels for Next Week

Daily Levels for January 2nd, 2024
Will be available on Tuesday morning, to receive the levels, please click here , click on send us a message and type Levels in the description.
Trading Reports for Next Week
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

 

  • click above for a LIVE demo, streaming prices
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.com 
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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 herein 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.

 

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.

Have a great last trading day of the year! +Futures Trading Levels for 12.29.23

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

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Have a GREAT last trading day of 2023!

Volume has been very low this week and I don’t see much difference tomorrow but one can never tell….See modified hours below.

 

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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 when it comes to Futures Trading.

Futures Trading Levels

12-29-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

 

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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 judgement in trading.

What is a Troy Ounce? +Futures Trading Levels for 12.28.23

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

As has been the case in prior years, this week we’re seeing reduced daily trade volume across the futures markets.  Adding to this environment, Last Trading Day for Jan. ’24 Natural gas is tomorrow the 27th, and both First Notice Day for January ‘24 CBOT soy complex futures and Last Trading Day for January ‘24 RBOB gasoline and ULSD Heating oil is this Friday the 29th.

Both natural gas and crude oil numbers are out tomorrow due to the short trading week.

 

Just what is a Troy ounce, anyway?  For those trading precious metals futures like gold, silver, platinum and palladium, it’s the unit of weight by which those physical products are measured.

 

Turns out, a small town about 110 miles southeast of Paris and situated within the Champagne wine region was major intersection for parts of the Roman-era trade highways and then an important international trading hub during the Middle Ages (± 500 AD to 1500).  The town’s name: Troyes (pronounced: troy).  Right around the 12th and 13th centuries – call it the middle of the Middle Ages – an annual cycle of 2- to 3-week trade fairs flourished in the region and it was likely then that the unit of weight was standardized and first used.  It essentially beat out other systems of weight developed in other parts of Europe and eventually it was made the official weight for gold and silver by England in 1824, called the British Imperial system.  Four years later, the United States adopted it as an official weight standard for United States coinage.  And today, your precious metals are still measured using this system.

 

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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 when it comes to Futures Trading.

Futures Trading Levels

12-28-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

24b5ddfd 4a15 4f9a abde 801ec87f2d92

 

 

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 judgement in trading.

Lower Holiday Trading Volume +Futures Trading Levels for 12.27.23

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

Low trading volume today in stock index futures and financials, the day after Christmas.

On the flip side, above average volume in grains and energies.

Understand how the holiday season and sometimes the lower volume affects the specific markets you are trading.

I suspect lower than normal volume the rest of the week with perhaps Friday being the last trading day of the year as an exception.

 

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Video: Projecting possible targets when trading futures

 

Projecting possible targets when trading futures

 

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 when it comes to Futures Trading.

Futures Trading Levels

12-27-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

 

5dd20edd 4a07 406b 8a10 57c62eabbf5d

 

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 judgement in trading.

Christmas Modified Trading Schedule +Futures Trading Levels for 12.22.23

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

FULL trading day tomorrow, with more than a few reports ahead of the Holiday weekend.

Christmas Modified trading schedule below.

 

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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 when it comes to Futures Trading.

Futures Trading Levels

12-22-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

 

089f7bcc 9db4 444e b473 e5bf24dde4ea

 

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 judgement in trading.

Stock Index Futures Insight, Christmas Modified Trading Schedule + Levels for 12.21.23

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Join our Private Facebook group

Subscribe to our YouTube Channel

 

The U.S. economy is looking like it’s approaching yet another historical period.

By Mark O’Brien, Senior Broker

After months of seeing the Federal Reserve raise interest rates to their current 5.25% – 5.50%, target range, traders, economists, investors, etc. are looking at this year and anticipating the first cut in rates since the beginning of the COVID pandemic.

 

Perhaps more importantly, there is the feeling that these interest rate cuts – once they are put in place – will be a policy shift possibly different than any other time in the history of Fed rate decisions. Instead of cutting rates because of an imminent risk of recession, or the need to protect against one, the Fed. will be lower borrowing costs as an accommodation – almost a reward of sorts – for moderated inflation readings, growth that has slowed without much adverse effect on the country’s employment situation (satisfying one of their two mandates) and is now sliding toward the Fed.’s long-standing target of 2%.

 

Ruling nothing out, Fed. Chair Jerome cautioned in his press conference last week that the U.S. economy can behave in unexpected ways and the central bank stands ready to resume a restrictive posture should economic conditions warrant. Chicago Federal Reserve Bank President Austan Goolsbee seconded that: ” “Progress continues, though we still have a way to go,” Goolsbee said in an interview last week.

 

Clearly, traders in stocks and stock index futures feared little in that caveat – and haven’t for the last nine weeks. The Dow Jones and Nasdaq futures moved to record a new all-time closing high. Following another session in the green on Tuesday, the S&P 500 index is only a few dozen points away from its own milestone. Roughly another move up of 0.6% can bring it to that peak. Stay tuned for the last days of 2023 to see if the Santa rally charges ahead.

Notably, the biggest contributors to the S&P 500’s banner year have been the usual suspects, currently dubbed the Magnificent Seven: Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta Platforms. Collectively, these companies’ stock prices have jumped 75% in 2023, leaving the other 493 companies in the S&P 500 in their dust. Those have risen a more modest 12%, while the index as a whole is up 23%. The Magnificent Seven stocks have swelled to represent about 30% of the S&P 500’s market value, according to Goldman Sachs Global Investment Research. That is approaching the highest-ever share for any seven stocks.

 

 

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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 when it comes to Futures Trading.

Futures Trading Levels

12-21-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

 

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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 judgement in trading.

Video on Projecting Levels, Christmas Modified Trading Schedule + Levels for 12.20.23

Posted on by Ilan
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March is front month for stock indices and currency futures.

Symbol for March is H, so example ESH24

February is front month for crude oil.

Christmas Modified trading schedule below.

 

Video: Projecting possible targets when trading futures

 

Projecting possible targets when trading futures

3b644da2 2bee 4d39 8d98 5208a20bec39

 

 

05dcb83f 1c17 4e7a 9b99 80e2e6d1f45d

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 when it comes to Futures Trading.

Futures Trading Levels

 

12-20-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports,

Source: 

Forexfactory.com

 

62584dc1 3e63 45e3 a29b ee6378ed7743

 

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 judgement in 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.