Futures Trading Levels and Mental Tips for October 29th 2010

To be honest I don’t have any feel for the medium term outlook of stock indices.

I do like some of the intraday set ups we get in different markets such as Crude, Euro and the Mini SP.

We do have some reports tomorrow and it is the last trading day of the month so we should see some interesting price action.

As far as “mental tip”: keep reminding yourself that the hardest battle for a trader is waiting, patience and fighting ones own demons that normally appear when losing trades happen. Try to be among the tough ones who can control the negative emotions losing trades bring out and your trading will progress. Continue reading “Futures Trading Levels and Mental Tips for October 29th 2010”

Futures Trading Levels and Day Trading Webinar Trial, October 27th 2010

Stocks finished pretty much unchanged today, which brings me to another point….

There ARE OTHER MARKETS one can day-trade….Most day-traders focus on the Mini SP 500 and it’s relatives:
Mini Nasdaq, Mini Dow, Mini Russell etc. because of volume, familiarity, trading hours etc.

However, markets like bonds, Euro Currency, Crude oil, beans, corn to name a few do offer day trading opportunities and risks. Different market have different personalities which may fit different traders. Different markets also have different trading hours when volatility is present, different volatility at different times and other

characteristics which traders may want to explore. During the day-trading charts service I hold daily, I feature the mini SP 500 chart along with Euro currency and Crude oil and possible trade set ups.

As always I recommend using demo account when exploring trading in market you normally don’t trade, as well as performing some research regarding tick size, price behavior and more.

FREE Trial for the Day-Trading Charts Service:
*************************************************************
https://www.cannontrading.com/tools/intraday-futures-trading-signals
************************************************************* Continue reading “Futures Trading Levels and Day Trading Webinar Trial, October 27th 2010”

Daily Support & Resistance and Economic Data to be Released, October 22nd 2010

 

 

 

Daily Support & Résistance Levels Mini-S&P 500 Futures
Dec. 10
Mini-Nasdaq 100 Futures
Dec. 10
Mini-Dow Futures
Dec. 10
Mini Russell 2000 Futures
Dec.10
30-year US Bond Futures
Dec. 10
10-Year US Note
Futures Dec. 10
Support 3 1167.25 2051.50 11014 688.10 12926 12528
Support 2 1172.00 2066.00 11053 692.70 13025 12602
Support 1 1175.00 2076.00 11077 695.60 13109 12610
Resistance 1 1186.25 2104.75 11164 709.50 13129 12621
Resistance 2 1189.50 2118.00 11213 711.70 13210 12628
Resistance 3 1196.75 2133.00 11289 719.70 13230 12707
Daily Support & Resistance Levels
Gold Futures
Dec.2010
Silver Futures
Dec. 2010
Copper Futures
Dec. 2010
Crude Oil Futures
Nov. 2010
Euro Curr.
Dec. 2010
Dollar Index
Dec. 2010
Support 3 1273.7 21.36 3.695 79.90 1.3763 .7634
Support 2 1300.7 22.21 3.720 80.72 1.3819 .7706
Support 1 1315.6 23.16 3.752 81.11 1.3850 .7740
Resistance 1 1334.0 23.37 3.850 81.87 1.4042 .7795
Resistance 2 1343.0 23.65 3.868 82.49 1.4100 .7802
Resistance 3 1360.0 24.15 3.880 83.10 1.4156 .7861

Updated: 22-Oct-10 07:55 ET

This Week’s Calendar

Date ET Release For Actual Briefing.com Consensus Prior Revised From
Oct 25 10:00 Existing Home Sales Sep NA NA 4.25M 4.13M NA
Oct 26 09:00 Case-Shiller 20-city Index Aug NA NA NA 3.18% NA
Oct 26 10:00 Consumer Confidence Oct NA NA NA -0.5% NA
Oct 26 10:00 FHFA Home Price Index Aug NA NA 1.4 -0.7 NA
Oct 27 7:00 MBA Mortgage Applications 10/22 NA NA NA -10.5% NA
Oct 27 8:30 Durable Orders Sep NA NA 0.8% 4.13M -1.3%
Oct 27 8:30 Durable Orders – ex transporation Aug NA -0.2% 4.25M 2.0% NA
Oct 27 10:00 New Home Sales Sep NA NA 297K 288K NA
Oct 27 10:30 Crude Inventories 10/23 NA NA NA 0.667M NA
Oct 28 8:30 Initial Claims 10/23 NA NA NA 452K NA
Oct 28 8:30 Continuing Claims 10/16 NA NA NA 4441K NA
Oct 29 8:30 GDP-Adv. Q3 NA NA 2.4% 1.7% NA
Oct 29 8:30 Chain Deflator-Adv. Q3 NA NA NA 1.9% NA
Oct 29 8:30 Employment Cost Index Q3 NA NA 0.5% 0.5% NA
Oct 29 9:45 Chicago PMI Oct NA NA NA 60.40 NA
Oct 29 9:55 Michigan Sentiment – Final Oct NA NA 68.0 67.9 NA

Continue reading “Daily Support & Resistance and Economic Data to be Released, October 22nd 2010”

Daily Support & Resistance and Economic Data to be Released, October 21th 2010

 

 

 

Daily Support & Résistance Levels Mini-S&P 500 Futures
Dec. 10
Mini-Nasdaq 100 Futures
Dec. 10
Mini-Dow Futures
Dec. 10
Mini Russell 2000 Futures
Dec.10
30-year US Bond Futures
Dec. 10
10-Year US Note
Futures Dec. 10
Support 3 1166.00 2071.00 10964 695.30 13119 12602
Support 2 1172.25 2082.00 11028 699.90 13204 12616
Support 1 1176.00 2090.00 11064 702.50 13213 12621
Resistance 1 1182.25 2102.00 11132 707.30 13230 12707.5
Resistance 2 1188.25 2118.00 11154 711.70 13303 12714
Resistance 3 1196.75 2133.00 11213 719.70zb 13320 12722
Daily Support & Resistance Levels
Gold Futures
Dec.2010
Silver Futures
Dec. 2010
Copper Futures
Dec. 2010
Crude Oil Futures
Nov. 2010
Euro Curr.
Dec. 2010
Dollar Index
Dec. 2010
Support 3 1297.0 23.27 3.766 79.90 1.3867 76.33
Support 2 1319.0 23.57 3.793 80.97 1.3909 76.75
Support 1 1328.0 23.76 3.810 81.63 1.3956 77.21
Resistance 1 1343.0 23.91 3.836 82.49 1.4042 77.65
Resistance 2 1351.0 24.11 3.868 83.10 1.4100 77.84
Resistance 3 1358.0 24.31 3.880 85.10 1.4156 78.02

Updated: 21-Oct-10 08:30 ET

This Week’s Calendar

Click on a “Release” for Insight

Date ET Release For Actual Briefing.com Consensus Prior Revised From
Oct 21 08:30 Initial Claims 10/16 452K 450K 455K 475K 462K
Oct 21 08:30 Continuing Claims 10/09 94441K 4450K 4400K 4450K 4399K
Oct 21 08:30 Leading Indicators Sep NA 0.3% 0.3% 0.3%
Oct 21 08:30 Philadelphia Fed Oct NA 1.5 1.4 -0.7

Continue reading “Daily Support & Resistance and Economic Data to be Released, October 21th 2010”

Futures Trading Market Levels for October 20th 2010

The 23rd anniversary of the 1987 crash was today and respectively, market finished down about 1.3%…..

Daily chart of the mini NASDAQ 100 for your review below. If the sell signal materializes, first target will be around 2019.00.

SP-500-Day-Trading-2010-10-20 Continue reading “Futures Trading Market Levels for October 20th 2010”

Quadruple Witching to Provide S&P 500 with Clues, September 17th 2010

Same comments from yesterday and the day before still hold true….main difference is the tomorrow is quadruple witching day so I am hopeful that we finally break out one way or the other……

Well by now this is the 3rd or 4th time we are knocking on 1122.75…..that means one out of two (in my opinion): Tomorrow morning reports help this market break this level and start another leg up towards 1157.00

OR…..

Market fails one more time against this level, fills the gap below ( 1105.75) before giving us some additional clues.
I would love to have the “correct answer” to give you but only time and price action will tell….

SP 500 Day Trading
SP 500 Day Trading

Continue reading “Quadruple Witching to Provide S&P 500 with Clues, September 17th 2010”