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Big moves in the markets today as we anticipated yesterday. Crude oil up over $4 along with it’s products heating oil and unleaded gas.
Gold down another $15, bonds resumed the downward trend with close to two full points down and stocks showed the first sign of weakness in a few days….
The volatility in some of the markets encouraged me to remind you about the weekly options available for markets like mini SP, gold, Crude, Bonds and others.
While options have their advantages and disadvantages…when the markets are so volatile they present an alternative to trading with out the need to use stops that have higher chances of getting hit when markets move like they did today…..
Read more about weekly options here and ALWAYS feel free to pick up the phone and chat with any of our experienced, series 3 brokers about options, markets, trading and more!
Have a great December!!
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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.
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Levels for Trade Date of 12.01.2016
| Contract Dec. 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2225.08 | 4938.83 | 19313 | 1348.27 | 102.94 |
| Resistance 2 | 2219.42 | 4912.17 | 19264 | 1342.33 | 102.41 |
| Resistance 1 | 2208.83 | 4865.83 | 19198 | 1331.97 | 101.98 |
| Pivot | 2203.17 | 4839.17 | 19149 | 1326.03 | 101.45 |
| Support 1 | 2192.58 | 4792.83 | 19083 | 1315.67 | 101.02 |
| Support 2 | 2186.92 | 4766.17 | 19034 | 1309.73 | 100.49 |
| Support 3 | 2176.33 | 4719.83 | 18968 | 1299.37 | 100.06 |
| Contract | Feb. Gold | March Silver | Jan. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1216.3 | 17.14 | 55.61 | 155 17/32 | 1.0782 |
| Resistance 2 | 1206.6 | 16.99 | 52.75 | 154 9/32 | 1.0728 |
| Resistance 1 | 1190.8 | 16.78 | 50.93 | 152 20/32 | 1.0667 |
| Pivot | 1181.1 | 16.62 | 48.07 | 151 12/32 | 1.0613 |
| Support 1 | 1165.3 | 16.41 | 46.25 | 149 23/32 | 1.0552 |
| Support 2 | 1155.6 | 16.26 | 43.39 | 148 15/32 | 1.0498 |
| Support 3 | 1139.8 | 16.05 | 41.57 | 146 26/32 | 1.0437 |
| Contract | March Corn | March Wheat | Jan. Beans | March SoyMeal | Jan. Nat Gas |
| Resistance 3 | 357.0 | 420.9 | 1066.50 | 333.37 | 3.46 |
| Resistance 2 | 355.0 | 417.1 | 1059.25 | 330.23 | 3.41 |
| Resistance 1 | 351.8 | 409.9 | 1045.75 | 324.27 | 3.38 |
| Pivot | 349.8 | 406.1 | 1038.50 | 321.13 | 3.33 |
| Support 1 | 346.5 | 398.9 | 1025.0 | 315.2 | 3.3 |
| Support 2 | 344.5 | 395.1 | 1017.75 | 312.03 | 3.25 |
| Support 3 | 341.3 | 387.9 | 1004.25 | 306.07 | 3.22 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:07pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuDec 1 | 2:00am | GBP |
Nationwide HPI m/m
|
0.2% | 0.0% | ||||
| 3:15am | EUR |
Spanish Manufacturing PMI
|
53.7 | 53.3 | |||||
| 3:45am | EUR |
Italian Manufacturing PMI
|
51.4 | 50.9 | |||||
| 3:50am | EUR |
French Final Manufacturing PMI
|
51.5 | 51.5 | |||||
| 3:55am | EUR |
German Final Manufacturing PMI
|
54.4 | 54.4 | |||||
| 4:00am | EUR |
Final Manufacturing PMI
|
53.7 | 53.7 | |||||
| EUR |
Italian Monthly Unemployment Rate
|
11.6% | 11.7% | ||||||
| 4:30am | GBP |
Manufacturing PMI
|
54.4 | 54.3 | |||||
| 5:00am | EUR |
Unemployment Rate
|
10.0% | 10.0% | |||||
| Tentative | EUR |
Spanish 10-y Bond Auction
|
1.50|1.7 | ||||||
| 7:30am | USD |
Challenger Job Cuts y/y
|
-39.1% | ||||||
| 8:30am | USD |
Unemployment Claims
|
252K | 251K | |||||
| 9:45am | USD |
Final Manufacturing PMI
|
53.9 | 53.9 | |||||
| 10:00am | USD |
ISM Manufacturing PMI
|
52.1 | 51.9 | |||||
| USD |
Construction Spending m/m
|
0.6% | -0.4% | ||||||
| USD |
ISM Manufacturing Prices
|
52.0 | 54.5 | ||||||
| 10:30am | USD |
Natural Gas Storage
|
-52B | -2B | |||||
| All Day | USD |
Total Vehicle Sales
|
17.9M | 18.3M |
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.