Category Archives: Indices

A plural of indexes, indices is a term often used in the markets. There are different indexes or indices in the markets and these don’t always move up or down in coordination. Indexed moving in tandem would create redundancy meaning that we don’t need more than one of them.

The Dow and the S&P500 are two extremely noteworthy as well as popular indices. While a change in the Dow indicated that the expectations of the investors have changed with regard to the risks and earnings of large companies, the S&P500 features 500 of the most highly traded stocks in the U.S.

Each index is different from another and each one behaves differently. You won’t find any one index that has continued to look the same over the years. Moreover, every index depicts a different thing. You can gain a deeper understanding into the world of indices.

We at Cannon Trading help you by providing the latest information on indices and their market performance. You can read it all here under one archive tagged as Indices. Read and be informed.

Coffee Outlook, Beige Book and Crude Oil Numbers + Levels for April 17th

April 16th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, Grain Futures, Indices | Comment (0)

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Powell spoke and stock index futures traded in a volatile, zig zag type of trading most of the day unable to break one way or the other and closing near the unchange.

On the daily chart, both the SP and NASDAQ are noticing more pressure to the downside.

One of the keys for day Traders is to try and establish early on what type of day trading environment they are in.

Is this going to be a trend day it is this going to be a choppy low volatility trading day? is the day unfolding has a potential to be a volatile two-sided type of trading day?

Being aware of the top of trading day that is unfolding in front of you can help you decide which strategies to apply on that trading day.

Knowing what reports are coming out. the general direction of the long term charts can help you.

Different strategies will work better in different type of trading environments.

On a different note, softs, i.e. Cocoa, cotton, Coffee , Sugar, OJ are experiencing much higher volatility than historical norms. Cocoa just dropped close to 8% today after trading above the historical mark of $100 per metric ton.

below you will see a daily chart of Coffee futures and possible future direction.

Daily Levels for April 17th, 2024

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

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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: May Crude Oil on the Move? & Trading Levels for April 15th

April 12th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Crude Oil, Futures Trading, Index Futures, Indices, Weekly Newsletter | Comment (0)

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Cannon Futures Weekly Letter Issue # 1189

In this issue:

Important Notices – Earnings, Gold all time Highs & More
Trading Resource of the Week – Trading Videos
Hot Market of the Week – May Crude Oil
Broker’s Trading System of the Week – NQ Swing System
Trading Levels for Next Week
Trading Reports for Next Week

Important Notices –

- Earnings Tues- JNJ,BAC ,Morgan Stanley MS, Wed. -ABT, Thu.- AXP, NFLX
- Econ Data Mon- Retail Sales , Tues Housing Starts, Bldg Permits , Thu. Jobless claims, Existing home sales..
- quiet on the fed speaker front
- No Congressional action to speak of
- The U.S. dollar index this morning forged another higher high and reached the highest level since early November.
- With the June gold futures contract breaking a string of new all-time highs (eight straight days) yesterday, the market is facing the first definitive corrective environment since the middle of last month.
- The bearish sentiment in financial futures (30-yr. T-bond, 10-yr. T-note) is escalating dramatically and could become overdone soon with some chatter in the market suggesting there might not be a single rate cuts this year.
- Crude oil may see support this week from renewed talk of an imminent Iranian retaliation (as per U.S. officials) for the Israeli attack in Syria. U.S. officials have openly suggested Iranian retaliation against Israel is likely soon. Fears of disrupted supply remain front and center.

Trading Resource of the Week: Trading Videos, Instant Viewing

Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.

· Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS

· Some common uses you can make of support and resistance levels.

· Filter out the noise with range bar charts

· “Price Confirmation”

Watch Videos NOW

Hot Market of the Week – May Crude Oil

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.

FREE TRIAL AVAILABLE

May Crude Oil

The March 20th Chart of the Day highlighted May crude oil had completed its first upside PriceCount objective. Now, the chart is consolidating after satisfying its second upside PriceCount objective. A this point, IF the chart can sustain further gains, the third count would project a possible run to the 94.82 area.

PriceCounts – Not about where we’ve been , but where we might be going next!

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.

ALGO sigma 30m NQ Nasdaq

PRODUCT

NQ – Mini NASDAQ 100

SYSTEM TYPE

Swing

COST

USD 299 / monthly

Recommended Cannon Trading Starting Capital

$75,000

Get Started

Learn More

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.

Would you like to receive daily support & resistance levels?

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Daily Levels for April 15th 2024

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

www.mrci.com

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Triple Witching Tomorrow + Futures trading Levels for March 15th

March 14th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, Index Futures, Indices, Trading Guide | Comment (0)

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TriPPPle witching tomorrow!

Stock Index March contracts (i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.) expire Friday, March15th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any December futures contracts through 8:30 A.M., Central Time on Friday, Mar. 15th, they will be offset with the cash settlement price, as set by the exchange.

FRONT MONTH IS NOW JUNE , the symbol is M24, example for mini SP is ESM24

Monday, March 18th is Last Trading Day for December currency futures. It is of the utmost importance for currency traders to exit all March futures contracts by Friday, March 15th and to start trading the June futures. Currency futures are DELIVERABLE contracts.

The month code for June is ‘M.’ Please consider carefully how you place orders when changing over.

Plan your trade and trade your plan

Watch video below on how to rollover from March to June contracts if you are a stock index trader on our E-Futures Platform!

Daily Levels for March 15th, 2024

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Improve Your Trading Skills

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

Explore trading methods. Register Here

The Best $5 and 5 Daily Minutes You Can Invest in Your Trading!

March 12th, 2024 Filed under Day Trading, Future Trading News, Future Trading Platform, Futures Trading, futures trading education, Index Futures, Indices, Trading Guide | Comment (0)

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Today’s CPI report, market action and looking back at my notes from previous CPI trading days encouraged me to share the below:

Maintaining a trading journal is a critical practice for any trader who aims to achieve long-term success in the markets. This meticulous record-keeping serves several vital functions that contribute to a trader’s development and strategy refinement.

Self-Reflection and Accountability: A trading journal fosters a habit of self-reflection. By documenting the details of each trade, including the rationale behind entry and exit points, traders can review their decisions objectively. This process encourages accountability and helps traders to recognize patterns in their trading behavior, both successful and detrimental.

Strategy Optimization: Over time, a trading journal becomes a valuable data repository that traders can analyze to fine-tune their strategies. By identifying what works and what doesn’t, traders can make informed adjustments to their approach, discard ineffective methods, and capitalize on strategies that yield positive outcomes.

Emotional Regulation: Trading can be an emotional endeavor, and a journal can act as a stabilizing force. By committing to a disciplined recording of trades, traders can distance themselves from the emotional highs and lows of market volatility. This emotional detachment is crucial for making rational, data-driven decisions.

Performance Tracking: A trading journal enables traders to track their performance over time. It provides a clear picture of profit and loss, helping traders to assess their financial progress and set realistic goals for future trades.

Learning Tool: For novice traders, a journal is an invaluable learning tool. It allows them to learn from their mistakes and successes, accelerating their journey towards becoming proficient traders.

In essence, a trading journal is more than just a record of transactions; it is a trader’s roadmap to continuous improvement and strategic mastery. It is an indispensable tool for anyone serious about excelling in the dynamic world of trading.

Plan your trade and trade your plan

Watch video below on how to rollover from March to June contracts if you are a stock index trader on our E-Futures Platform!

Daily Levels for March 13th, 2024

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Improve Your Trading Skills

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

Explore trading methods. Register Here

Rollover, CPI & Futures Trading Levels for 03.12.24

March 11th, 2024 Filed under Charts & Indicators, Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Future Trading News, Futures Broker, Futures Trading, Index Futures, Indices, Nasdaq, S&P 500 | Comment (0)

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CPI Tomorrow – Trade June ES/NQ/YM and MICROS

by John Thorpe, Senior Broker

For all of you index traders, you may have noticed the shrinking Open Interest and Volume in the March contracts. It’s that time when volume shifts to the next quarterly expiration contract. June! the symbol is M.

March volume will be drying up quickly, don’t get stuck Friday morning with a March contract at the crack of dawn when the carousel stops. Start trading the June contract today!

According to Bloomberg, the S&P 500 has averaged an 0.8% move on CPI days over the past six months

Today, stocks are sideways, the dollar and gold are both up marginally as investors nervously await tomorrows 7:30 a.m. CDT Consumer Price Index release.

Last Month, on Feb 13th stocks slid sharply following the release and Treasury yields surged higher when a surprise CPI number, an Increase of 0.3% in January, crossed the newswires. Housing costs accounted for much of the price rise.

Overall prices are expected to rise 0.4% percent after increasing 0.3% percent in January. Annual rates, which in January were 3.1% percent overall and 3.9% percent for the core, are expected at 3.1% and 3.7% percent respectively. Per econoday.

Plan your trade and trade your plan

Watch video below on how to rollover from March to June contracts if you are a stock index trader on our E-Futures Platform!

Daily Levels for March 12th, 2024

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Improve Your Trading Skills

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

Explore trading methods. Register Here

Indices

Category Archives: Indices