Trading Levels and Economic Reports for February 26, 2013

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday February 26, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

 

As I mentioned last week, it seems that the stock index futures are shifting from lower volatility to slightly higher volatility. Traders need to adjust and modify their trading accordingly, in my opinion.
Use SMALLER trading size that will allow you to sustain the wider moves.

 

Looks like the SP500 is heading towards the 1473 level but no one can predict the future but rather take calculated speculation as far as direction and timing….

 

 

Lots of news still to come this week from political front such in Italy and here in the US with the deadline looming as well as economic numbers.

 

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.

 

trading levels

 

 

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 3:58pm Currency Impact Detail Actual Forecast Previous Graph
TueFeb 26  9:00am USD S&P/CS Composite-20 HPI y/y 6.7% 5.5%
USD HPI m/m 0.6% 0.6%
10:00am USD CB Consumer Confidence 60.8 58.6
USD Fed Chairman Bernanke Testifies
USD New Home Sales 381K 369K
USD Richmond Manufacturing Index -4 -12

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

Tags: > > > Posted in: Future Trading News  

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