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\nFOMC Statement tomorrow:<\/h1>\n
FOMC Statement tomorrow:<\/h1>\n<\/div>\nInterest Rates\/Credit Markets –\u00a0Traders expect the Fed to detail tapering of asset\u00a0purchases at the FOMC meeting this week.<\/div>\n<\/div>\nTraders will pay close attention to the headline change in non-farm payrolls. The expected number is 400,000, up from 194,000 in September. A weak jobs number could have traders positioning a bit sooner for a fed fund rate increase.<\/div>\n<\/div>\nGoldman Sachs thinks the Fed will raise its benchmark from a range of zero to 0.25% soon after it stops tapering its asset-purchase program. A second increase will follow in November 2022, and the central bank will then raise rates two times a year after that.<\/div>\nWe are expecting the Fed to concede to inflation cryptically in the next few months.\u00a0Plan on hearing more about multi-year low inflation, historically low interest rates, and only a tiny whiff of inflation.<\/div>\n<\/div>\nThe following are my PERSONAL suggestions on trading during FOMC days:<\/div>\n<\/div>\n\u00b7\u00a0\u00a0\u00a0\u00a0Reduce trading size<\/div>\n\u00b7\u00a0\u00a0\u00a0\u00a0Be extra picky = no trade is better than a bad trade<\/div>\n\u00b7\u00a0\u00a0\u00a0\u00a0Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 4325.00 with a stop at 4319.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4319.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).<\/div>\n\u00b7\u00a0\u00a0\u00a0\u00a0Expect the higher volatility during and right after the announcement<\/div>\n\u00b7\u00a0\u00a0\u00a0\u00a0Expect to see some “vacuum” ( low volume, big zigzags) right before the number.<\/div>\n\u00b7\u00a0\u00a0\u00a0\u00a0Consider using automated stops and limits attached to your entry order as the market can move very fast at times.<\/div>\n<\/div>\n\u00b7\u00a0\u00a0\u00a0\u00a0Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.<\/div>\n<\/div>\n\u00b7\u00a0\u00a0\u00a0\u00a0Know what the market was expecting, learn what came out and observe market reaction for clues<\/div>\n\u00b7\u00a0\u00a0\u00a0\u00a0Be patient and be disciplined<\/div>\n\u00b7\u00a0\u00a0\u00a0\u00a0If in doubt, stay out!!<\/div>\n<\/div>\n<\/div>\n<\/div>\nIf you are looking for other reference material please\u00a0contact your Cannon Broker<\/a>\u00a0for lists of solid, informative and helpful trading tomes<\/div>\n<\/div>\n<\/div>\nGood Trading<\/strong><\/h3>\nTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 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 when it comes to Futures Trading.<\/p>\n
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Futures Trading Levels<\/strong><\/h3>\n11-03-2021<\/p>\n
![\"Support](\"https:\/\/files.constantcontact.com\/3dc00ef7001\/d6b54ab6-87e2-4163-9880-016628a2731b.png\" "\\"\\"")
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\n<\/a>Economic Reports, source:\u00a0<\/strong><\/h3>\n
Interest Rates\/Credit Markets –\u00a0Traders expect the Fed to detail tapering of asset\u00a0purchases at the FOMC meeting this week.<\/div>\n
<\/div>\n
Traders will pay close attention to the headline change in non-farm payrolls. The expected number is 400,000, up from 194,000 in September. A weak jobs number could have traders positioning a bit sooner for a fed fund rate increase.<\/div>\n
<\/div>\n
Goldman Sachs thinks the Fed will raise its benchmark from a range of zero to 0.25% soon after it stops tapering its asset-purchase program. A second increase will follow in November 2022, and the central bank will then raise rates two times a year after that.<\/div>\n
We are expecting the Fed to concede to inflation cryptically in the next few months.\u00a0Plan on hearing more about multi-year low inflation, historically low interest rates, and only a tiny whiff of inflation.<\/div>\n
<\/div>\n
The following are my PERSONAL suggestions on trading during FOMC days:<\/div>\n
<\/div>\n
\u00b7\u00a0\u00a0\u00a0\u00a0Reduce trading size<\/div>\n
\u00b7\u00a0\u00a0\u00a0\u00a0Be extra picky = no trade is better than a bad trade<\/div>\n
\u00b7\u00a0\u00a0\u00a0\u00a0Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 4325.00 with a stop at 4319.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 4319.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).<\/div>\n
\u00b7\u00a0\u00a0\u00a0\u00a0Expect the higher volatility during and right after the announcement<\/div>\n
\u00b7\u00a0\u00a0\u00a0\u00a0Expect to see some “vacuum” ( low volume, big zigzags) right before the number.<\/div>\n
\u00b7\u00a0\u00a0\u00a0\u00a0Consider using automated stops and limits attached to your entry order as the market can move very fast at times.<\/div>\n
<\/div>\n
\u00b7\u00a0\u00a0\u00a0\u00a0Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.<\/div>\n
<\/div>\n
\u00b7\u00a0\u00a0\u00a0\u00a0Know what the market was expecting, learn what came out and observe market reaction for clues<\/div>\n
\u00b7\u00a0\u00a0\u00a0\u00a0Be patient and be disciplined<\/div>\n
\u00b7\u00a0\u00a0\u00a0\u00a0If in doubt, stay out!!<\/div>\n
<\/div>\n
<\/div>\n
<\/div>\n
If you are looking for other reference material please\u00a0contact your Cannon Broker<\/a>\u00a0for lists of solid, informative and helpful trading tomes<\/div>\n<\/div>\n
<\/div>\nGood Trading<\/strong><\/h3>\n
Good Trading<\/strong><\/h3>\nTrading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 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 when it comes to Futures Trading.<\/p>\n
<\/p>\n
Futures Trading Levels<\/strong><\/h3>\n11-03-2021<\/p>\n
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<\/p>\n
\n<\/a>Economic Reports, source:\u00a0<\/strong><\/h3>\n
11-03-2021<\/p>\n
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![\"\"](\"https:\/\/files.constantcontact.com\/3dc00ef7001\/6228754b-175d-4934-b131-548bf6812cf4.png\" "\\"\\"")
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