Volatile Moves Expected Following Election Results from Futures Trading Market on November 3rd 2010

A BIG 24 hours lay ahead….I suspect some volatility to hit the night markets as election results come out and then we jump right into FOMC tomorrow.

FOMC tomrrow around 2:15 Eastern time.

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

if you’re a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

My observations suggest choppy, low volume up until announcement, followed by some sharp volatile moves right during and after the announcement.

I am including a five-minutes chart from Sept. 21st of this year, which was the last FOMC we had for your reference.





This Week’s Calendar from Econoday.Com
All reports are EST time

Another great source for economic reports around the globe with “report importance indicator” at: http://www.forexfactory.com/calendar.php

Wednesday, November 3rd 2010 – http://mam.econoday.com/byweek.asp?cust=mam

Motor Vehicle Sales[Report][djStar]

MBA Purchase Applications
7:00 AM ET

Challenger Job-Cut Report
7:30 AM ET

ADP Employment Report
8:15 AM ET

Treasury Refunding Announcement
9:00 AM ET

3-Yr Note Announcement
9:00 AM ET

10-Yr Note Announcement
9:00 AM ET

30-Yr Bond Announcement
9:00 AM ET

Factory Orders
10:00 AM ET

ISM Non-Mfg Index
10:00 AM ET

EIA Petroleum Status Report
10:30 AM ET

FOMC Meeting Announcement
2:15 PM ET

Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures 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!

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