{"id":18411,"date":"2023-04-28T12:22:32","date_gmt":"2023-04-28T20:22:32","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18411"},"modified":"2023-04-28T12:22:32","modified_gmt":"2023-04-28T20:22:32","slug":"weekly-newsletter-what-are-the-big-boys-up-to-levels-for-may-1st-2023","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-what-are-the-big-boys-up-to-levels-for-may-1st-2023\/","title":{"rendered":"Weekly Newsletter: What are the big boys up to? + Levels for May 1st, 2023"},"content":{"rendered":"<h3 style=\"text-align: center;\"><strong>Cannon Futures Weekly Newsletter Issue # 1143<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p>Join our\u00a0<a href=\"https:\/\/www.facebook.com\/groups\/1105191589938254\" target=\"_blank\" rel=\"noopener noreferrer\">private Facebook group\u00a0<\/a>for additional insight into trading and the futures markets!<\/p>\n<div>\n<h3>In this issue:<\/h3>\n<ul>\n<li>Important Notices &#8211;\u00a0FOMC is this Week!<\/li>\n<li>Trading Resource of the Week &#8211;\u00a0What are the &#8220;Big Boys&#8221; Up To?<\/li>\n<li>Hot Market of the Week &#8211;\u00a0June Heating Oil<\/li>\n<li>Broker&#8217;s Trading System of the Week &#8211;\u00a0Free Consultation<\/li>\n<li>Trading Levels for Next Week<\/li>\n<li>Trading Reports for Next Week<\/li>\n<\/ul>\n<\/div>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Important Notices &#8211; FOMC this week with statement and rate decision due Wednesday<\/h3>\n<\/li>\n<\/ul>\n<div>\n<div><\/div>\n<div>\n<div><strong>The following are my PERSONAL suggestions on trading during FOMC days:<\/strong><\/div>\n<div><\/div>\n<div>\u00b7\u00a0\u00a0\u00a0\u00a0Reduce trading size<\/div>\n<div>\u00b7\u00a0\u00a0\u00a0\u00a0Be extra picky = no trade is better than a bad trade<\/div>\n<div>\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 3925.00 with a stop at 3919.00, instead &#8220;stretch the price bands&#8221; due to volatility and place an entry order to buy at 3919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).<\/div>\n<div>\u00b7\u00a0\u00a0\u00a0\u00a0Expect the higher volatility during and right after the announcement<\/div>\n<div>\u00b7\u00a0\u00a0\u00a0\u00a0Expect to see some &#8220;vacuum&#8221; ( low volume, big zigzags) right before the number.<\/div>\n<div>\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>\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>\u00b7\u00a0\u00a0\u00a0\u00a0Know what the market was expecting, learn what came out and observe market reaction for clues<\/div>\n<div>\u00b7\u00a0\u00a0\u00a0\u00a0Be patient and be disciplined<\/div>\n<div>\u00b7\u00a0\u00a0\u00a0\u00a0If in doubt, stay out!!<\/div>\n<\/div>\n<div><\/div>\n<div align=\"center\"><\/div>\n<\/div>\n<ul>\n<li>\n<h3>Trading Resource of the Week &#8211; What are the Big Boys up to?<\/h3>\n<\/li>\n<\/ul>\n<div>\n<div align=\"justify\">\n<div align=\"justify\">\n<div align=\"center\">\n<div align=\"center\">\n<div align=\"center\">\n<div align=\"center\">\n<h3>Trading 102: Commitment of Traders Report &#8211; What Lies beneath<\/h3>\n<div><\/div>\n<div align=\"justify\">In this 24 page PDF booklet, Gary Kamen of Trends in Futures reviews the commitment of traders report, what it means, how traders can utilize it and much more.<\/div>\n<div align=\"justify\">Sign up and instantly download the booklet and learn about:<\/div>\n<div><\/div>\n<div>* History of the COT report<\/div>\n<div>* Why is this report important?<\/div>\n<div>* The new COT report<\/div>\n<div>* How can you use the information in this report?<\/div>\n<div>* And much more&#8230;.<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.cannontrading.com\/tools\/trading-education\" target=\"_blank\" rel=\"noopener noreferrer\">So how can you tell what the Big Boys are up to?<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=0017RzR1wcU39ny85hiIhSLUGklcl5RJcPVswvPUczYEwMhTybqLIKLLgjTE61WbHEAzZP_6NpsS9kSmybv1SR70Eoyca9K7zs71i7qurtRudVVLPG1OgWZsUL4t2PV6AC_jGeIWWxQIWV1cTC5cZHDwbQ-yfbvhpwABqEry4CtvPjm0QdfmpTMgg==&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener noreferrer\">A Cannon broker<\/a>\u00a0will be able to assist, provide feedback and answer any questions.<\/p>\n<div align=\"center\"><\/div>\n<div>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Hot Market of the Week &#8211; <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/Heating-Oil-Futures\">June Heating Oil<\/a><\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<div>\n<div>\n<div>Hot market of the week is provided by QT Market Center,\u00a0A swiss army knife charting package that&#8217;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.<\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<div>\n<div><a href=\"https:\/\/www.cannontrading.com\/software\/qt-market-center\" target=\"_blank\" rel=\"noopener noreferrer\">FREE TRIAL AVAILABLE<\/a><\/div>\n<\/div>\n<div><\/div>\n<div align=\"center\"><\/div>\n<\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/Heating-Oil-Futures\">June heating oil<\/a> completed its second downside PriceCount objective last month and corrected. Now, the chart is threatening to break down where new sustained lows from here would project a run to the third count in the 2.05 area<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">PriceCounts &#8211; Not about where we&#8217;ve been , but where we might be going next!<\/div>\n<div align=\"center\">\n<div class=\"mceTemp\"><\/div>\n<\/div>\n<div align=\"center\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/b2c3d9f4-99a2-455a-b72a-416288969a5e.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div>\n<div>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 \u2018exact\u2019 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\u00a0<a href=\"http:\/\/www.qtchartoftheday.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.qtchartoftheday.com<\/a><\/div>\n<div><\/div>\n<div>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.<\/div>\n<\/div>\n<div style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3b644da2-2bee-4d39-8d98-5208a20bec39.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<ul>\n<li>\n<h3><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=23473\" target=\"_blank\" rel=\"noopener\">Broker&#8217;s Trading System of the Week<\/a><\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<div>\n<div>Are you too busy to trade?\u00a0Perhaps you&#8217;re not confident enough and you&#8217;re trading. Maybe you&#8217;re looking to the diversify your own trading with algorithmic trading or what we call automated trading. One of the best resources you can utilize is our Brokers will be happy to provide feedback and consultation based on your specific needs, risk tolerance, and goals.<\/div>\n<div><\/div>\n<div>Take advantage of our knowledge and experience and\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile-systems\" target=\"_blank\" rel=\"noopener noreferrer\">book a FREE, no obligation consultation.<\/a><\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<div>\n<div>Sign Up for a<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile-systems\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0Free Personalized Consultation<\/a>\u00a0with a Broker from Cannon Trading Company<\/div>\n<div>Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary,\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile-systems\" target=\"_blank\" rel=\"noopener noreferrer\">confidential consultation<\/a>\u00a0with a Cannon Trading Company series 3 broker.<\/div>\n<\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<ul>\n<li>\n<h3>Trading Levels for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div style=\"text-align: left;\" align=\"center\"><strong>Daily Levels for May 1st, 2022<\/strong><\/div>\n<div align=\"center\"><\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<figure style=\"width: 606px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/42582848-3a6e-4c39-a2c5-55a904349c85.jpg\" alt=\"#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG\" width=\"606\" height=\"747\" title=\"\"><figcaption class=\"wp-caption-text\">#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n<\/div>\n<div style=\"text-align: left;\" align=\"center\"><\/div>\n<p style=\"text-align: left;\"><strong>Weekly Levels<\/strong><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/6bd40aab-cd97-41da-b88b-a89bc10c8efb.jpg\" alt=\"\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Trading Reports for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div><strong>First Notice (FN), Last trading (LT) Days for the Week:<\/strong><\/div>\n<div style=\"text-align: left;\" align=\"center\"><a href=\"http:\/\/www.mrci.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.mrci.com\u00a0<\/a><\/div>\n<div align=\"center\"><\/div>\n<div class=\"pagearrange__layout-row full\" style=\"text-align: left;\" data-row=\"1\">\n<div class=\"pagearrange__layout-column pagearrange__layout-column--full full\" data-column=\"0\">\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/1e46e47f-42e8-4ed1-90f7-9b978cf54db6.jpg\" alt=\"\" title=\"\"><\/div>\n<div class=\"pagearrange__layout-cell\" data-cell=\"0\" data-compid=\"Calendar_Copy1\"><\/div>\n<\/div>\n<\/div>\n<p style=\"text-align: left;\">This is not a solicitation of any order to buy or sell, but a current market view provided by <a href=\"https:\/\/www.cannontrading.com\/company\/about\">Cannon Trading Inc<\/a>. 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<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cannon Futures Weekly Newsletter Issue # 1143 &nbsp; Join our\u00a0private Facebook group\u00a0for additional insight into trading and the futures markets! In this issue: Important Notices &#8211;\u00a0FOMC is this Week! Trading Resource of the Week &#8211;\u00a0What are the &#8220;Big Boys&#8221; Up To? Hot Market of the Week &#8211;\u00a0June Heating Oil Broker&#8217;s Trading System of the Week [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[237,231,76,230,30,61,234,1379],"tags":[1481,1480,1475,1471,1469,1467,1468,1474,1472,1477,1478,1476,1479,1470,1473,1172,1239,40,627,1277,36],"class_list":["post-18411","post","type-post","status-publish","format-standard","hentry","category-energy-futures","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-futures-broker-2","category-futures-trading-2","category-trading-guide","category-weekly-newsletter","tag-cbot","tag-comex","tag-commoditiesmarket","tag-commoditiestrader","tag-commoditytrading","tag-crudeoil","tag-daytrader","tag-futuresmarket","tag-futurestrader","tag-kcbt","tag-mgex","tag-nymex","tag-smfe","tag-stockindices","tag-swingtrader","tag-cme","tag-commodities","tag-daytrading","tag-futures","tag-globex","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=18411"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18411\/revisions"}],"predecessor-version":[{"id":18414,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18411\/revisions\/18414"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}