Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 Friday January 4, 2012
For 2013 I would like to wish all of you discipline and patience in your trading!
Volatile session with average volume as some traders are still out.
As far as day-trading, there are many ways and techniques to lose…and make money. I think the main factor for most daytraders is money management and discipline.
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.
5. Economic Reports
|FriJan 4||2:00am||EUR||German Retail Sales m/m||0.9%||-1.3%|
|3:15am||EUR||Spanish Services PMI||42.7||42.4|
|3:45am||EUR||Italian Services PMI||45.1||44.6|
|4:00am||EUR||Final Services PMI||47.8||47.8|
|5:00am||EUR||CPI Flash Estimate y/y||2.1%||2.2%|
|5:00am||EUR||Italian Prelim CPI m/m||0.2%||-0.2%|
|8:30am||USD||Non-Farm Employment Change||150K||146K|
|8:30am||USD||Average Hourly Earnings m/m||0.2%||0.2%|
|10:00am||USD||ISM Non-Manufacturing PMI||54.2||54.7|
|10:00am||USD||Factory Orders m/m||0.3%||0.8%|
|10:30am||USD||Natural Gas Storage||-129B||-72B|
|11:00am||USD||Crude Oil Inventories||-0.7M||-0.6M|
|3:30pm||USD||FOMC Member Yellen Speaks|
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