Watch out for these Tbills auctions! Buy/Sell Algo + Futures Trading Levels for 02.15.24

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel

 

C13

 

Treasury Auctions and Earnings

By Mark O’Brien, Senior Broker

 

There’s no shortage of trade guidance / advice / market news available to provide futures traders with reasoning for a market move.  Charts showing a market’s direction – or lack thereof – technical indicators, even a trader’s gut reaction can qualify as a reason to enter a position.  For short-term traders, here are a few others that lately have moved the financial markets more than usual and are worthy of consideration:

 

Earnings reports: we’re heading into the tail end of earning season and while most of the major U.S. companies have released their quarterly reports, there are still some on the horizon that can be catalysts for jolts in the markets.

 

Treasury auctions: at regularly scheduled dates, the federal government auctions three types of securities: bills, notes, and Treasury inflation-protected securities (TIPS). The Treasury auctions an astonishing quantity of securities.  In calendar year 2003, it auctioned $3.42 trillion of securities: $2.78 trillion of bills, $616 billion of notes, and $26 billion of TIPS.  Lately, the results of some of these auctions have also jostled financial markets.

 

Finally, take a look at one of the indicators developed in-house by the Cannon Trading team, headed by our vice president, Ilan Levy-Mayer.

Red arrows are a sell, blue arrows are a buy . Red bars are “sell territory”, green bars are “buy territory” and black bars are neutral. The chart below will show you examples of some good trades as well as not so good.

For a free trial of the indicator, click here.

 

74bec916 23ae 47ba 96b4 d55a2eaf3cd6

 

 

stars

e35cb555 9ff3 4f00 9fe8 0655b28fbd90

Daily Levels for February 15th, 2024

e0887aac 30d1 48d9 b3bc 26d42410ef31

d536c132 d3ce 47ff 8099 79b752e3652b

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
7be049af caf2 4388 ac8b 9fbb1c391a0a

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

3b644da2 2bee 4d39 8d98 5208a20bec39

* 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.

Leave a Reply