{"id":20438,"date":"2024-10-28T20:33:12","date_gmt":"2024-10-28T20:33:12","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=20438"},"modified":"2024-10-28T20:40:26","modified_gmt":"2024-10-28T20:40:26","slug":"ai-dominates-market-focus-as-earnings-economic-data-await-nvda-chips-in-the-spotlight","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/ai-dominates-market-focus-as-earnings-economic-data-await-nvda-chips-in-the-spotlight\/","title":{"rendered":"AI Dominates Market Focus as Earnings &#038; Economic Data Await \u2013 NVDA Chips in the Spotlight"},"content":{"rendered":"<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887844-447\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1661369887844-184\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887844-362\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">Join our\u00a0<a href=\"https:\/\/www.facebook.com\/groups\/1105191589938254\" target=\"_blank\" rel=\"noopener\">Private Facebook group<\/a><\/p>\n<p>Subscribe to our\u00a0<a href=\"https:\/\/www.youtube.com\/channel\/UCf-asPYp_40m1unYPKpUhaw\" target=\"_blank\" rel=\"noopener\">YouTube Channel<\/a><\/p>\n<p>Listen to our podcast: Subscribe on\u00a0<a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/cannon-trading-podcast\/id1741750047\" target=\"_blank\" rel=\"noopener\">Apple<\/a>,\u00a0<a href=\"https:\/\/open.spotify.com\/show\/2f2XDpcODSZAo2gMFNTKlq\" target=\"_blank\" rel=\"noopener\">Spotif<\/a>y,\u00a0<a href=\"https:\/\/music.amazon.com\/podcasts\/98ecd233-c16f-4418-8d6f-89f94e41f3b7\/cannon-trading-podcast\" target=\"_blank\" rel=\"noopener\">Amazon<\/a>,\u00a0or wherever you listen to podcasts!<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1700847609245-382\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1700847609268-960\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1700847609288-714\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<h3><\/h3>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-20439\" src=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2024\/10\/AI-Trading-300x168.jpg\" alt=\"\" width=\"677\" height=\"379\" title=\"\" srcset=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2024\/10\/AI-Trading-300x168.jpg 300w, https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2024\/10\/AI-Trading-768x430.jpg 768w, https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2024\/10\/AI-Trading.jpg 857w\" sizes=\"auto, (max-width: 677px) 100vw, 677px\" \/><\/h3>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1700847609245-382\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1700847609268-960\">\n<h3>All roads lead to AI and AI leads to NVDA<\/h3>\n<h3><\/h3>\n<p>28 October 2024<\/p>\n<p><a href=\"http:\/\/www.galtrades.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">By GalTrades.com<\/a><\/p>\n<p>This week we will hear earnings from 5 of the Mag 7 stocks. As they will talk about how much they are spending on NVDA chips. The potential for intra-week volatility is there. If yields continue to move higher next week this could generate selling pressure, regardless of mega-cap tech earnings. Pre-election selling late next week is a possibility as well.<\/p>\n<ul>\n<li>SPX\u00a0fell 1.74 points (\u20130.03%) to 5,808.12\u00a0\u00a0\u00a0\u00a0\u00a0to end the week down 0.96%;<\/li>\n<li>$DJI\u00a0lost 259.96 points (\u20130.61%) to\u00a0\u00a0\u00a0\u00a0\u00a042,114.40 to end the week down 2.68%;<\/li>\n<li>$COMP\u00a0rose 103.12 points (0.56%) to\u00a0\u00a0\u00a0\u00a0\u00a018,518.61 to end the week up 0.16%.<\/li>\n<li>10-year Treasury note yield\u00a0(TNX) added\u00a0\u00a0\u00a0\u00a0\u00a0three basis points to 4.23%.<\/li>\n<li>Cboe Volatility Index\u00ae\u00a0(VIX)\u00a0\u00a0\u00a0\u00a0\u00a0climbed sharply to 19.95, nearing recent highs. The 20 level is an area to\u00a0\u00a0\u00a0\u00a0\u00a0watch next week, as it traditionally signals more volatile markets.<\/li>\n<\/ul>\n<p>The rise in yields\u00a0puts the small caps trade on hold; high yields are not a positive for small caps. Which puts the rotation trade in question. When the FED started cutting rates the sentiment position for portfolio managers went in the direction of small and mid-cap and away from mega caps. Then we had TSLA report a good quarter, and the stock went up 20%.<\/p>\n<p>S&amp;P 500 posted weekly loss for the first time in seven weeks as rising bond yields trigger some profit taking. Yields have been on the rise recently, mostly driven by strong economic data and higher treasury issuance expectations. The last time we came out of a soft landing in 1995 software and financials were leading the market.<\/p>\n<p>We didn\u2019t see the standard seasonal market weakness in September or October to this point, so we have some jitters in the market which are becoming evident such as the VIX above 20 when the S&amp;P is at record highs.<\/p>\n<p><strong>Futures:<\/strong><\/p>\n<p>Oil prices plunge 6% after Israel\u2019s attack spares Iran\u2019s energy facilities<\/p>\n<p>During the week Crude oil volatility from the previous week has subsided as traders re-evaluate geopolitical events and conflict escalations threatening oil supplies in the Middle East. Over the weekend Israel attacked Iran&#8217;s defense systems and other facilities but did not target any oil infrastructure. As of this writing light sweet crude is trading at $67.31 the last lows for the past 3 months were $66.33 and $65.27. Oil is currently trading below both the 50- and 200-day simple moving averages, which is bearish.<\/p>\n<p>\u201cThe recent Israel military action is unlikely to be seen by the market as leading to an escalation that impacts oil supply,\u201d Citi analysts wrote in a note on Monday, cutting the bank\u2019s Brent oil forecast by $4 to $70 per barrel over the next three months.<\/p>\n<p>whether Iran will counter the attack in the coming weeks, which should lead to risk premiums rising again.<\/p>\n<p>China: expectations for improved Chinese physical commodities demand have moderated despite an aggressive stimulus package and a reduction in interest rates.<\/p>\n<p>Gold: chasing $3,000. other precious metals started playing catch up and might be an alternative. Silver, platinum, palladium.<\/p>\n<p>Month to date leaders and laggers.<\/p>\n<p><strong>Bonds &amp; Rates:<\/strong><\/p>\n<p>As of late today, traders see a 95% chance rates will fall 25 basis points at the Federal Open Market Committee(FOMC) meeting on November 6\u20137, based on the CME FedWatch Tool. There&#8217;s a 5% chance of no change from current rates.<\/p>\n<p>10-year yield keeps going up, Analysts are saying if we get past 4.5% it may be a problem for stocks.<\/p>\n<p>Paul Tudor Jones said this week \u201cI am clearly not going to own any fixed income and am going to be short the back end of fixed income\u201d.<\/p>\n<p>What\u2019s shorting the back end of fixed income?<\/p>\n<p>\u201cShorting\u201d the backend of fixed income refers to taking a short position in longer-term bonds or other fixed-income securities. In bond markets, \u201cbackend\u201d refers to the longer maturity end of the yield curve\u2014typically bonds with maturities of 10 years or more.<\/p>\n<p>When investors short the backend of fixed income, they are betting that the prices of these longer-term bonds will decrease, which usually happens when interest rates rise. Bond prices and interest rates have an inverse relationship, so if rates increase, the value of existing bonds with lower yields drops.<\/p>\n<p>This strategy might be used when investors expect long-term interest rates to rise, possibly due to inflation concerns or a tightening of monetary policy by central banks.<\/p>\n<p>David Einhorn said \u201cit is by many measures the most expensive stock market we have seen since the founding of Green Light\u201d he also noticed what Warren Buffet has been doing, that he sold a bunch of stock and has been sitting on a mountain of cash, which express a long term view that right now is not the a great time to have a lot of equity exposure, and the opportunity set is expected to be better at some point in the not so distant future\u201d.<\/p>\n<p><strong>Technical Analysis:<\/strong><\/p>\n<p>Technical perspective, uptrends largely remain intact, the COMP made new all-time highs but did not register a fresh all-time closing high.<\/p>\n<p>SPX technical support remains near its 20-day moving average, now 5,787. That served as support earlier this month and again this week, with the index bouncing off it both times. However, market breadth, which had been rising, contracted a bit this week. About 73% of SPX stocks now trade above their respective 200-day moving averages, down from 80% a week ago. Typically, broader participation suggests healthy investor sentiment and supportive technicals.<\/p>\n<p>The Russell 2000 was the relative underperformer this week, and higher yields are the culprit. Last Wednesday (October 16th) the index finally notched a fresh two-year closing high, but subsequently turned lower as 10-year yields moved up 20 basis points since that day. The good news for the bulls is that the uptrend which began in early August remains intact, but the index could be challenged if bond yields continue to push higher.<\/p>\n<p>Hot sectors:\u00a0Cyber:\u00a0Cybersecurity stocks are holding their own. The group is reacting to Morgan Stanley\u2019s upbeat note on the industry. The analyst is bullish on network security stocks on the thesis of strong firewall refresh activity in the second half of 2025 and 2026 based on a four-to-five year replacement cycle, rising network traffic, and record levels of threat activity. Supporting this view is a recent Value-Added Reseller (VAR) and Chief Investment Officer survey by the analyst that showed network security as the top spending priority over the next twelve months.<\/p>\n<p><strong>Economic Reports:<\/strong><\/p>\n<p>The stronger than expected economic data over the past month will likely translate into a more patient Federal Reserve stance, but investors seem to be ok with tempered rate cut expectations assuming it is due to a strong economy versus re-inflationary trends.<\/p>\n<p>This Friday\u2019s reading on nonfarm payrolls, the unemployment rate, and wage inflation, among other key metrics, could influence the direction of yields.<\/p>\n<ul>\n<li>Monday (10\/28):\u00a0-no reports-<\/li>\n<li>Tuesday (10\/29):\u00a0Consumer Confidence, FHFA\u00a0\u00a0\u00a0\u00a0\u00a0Housing Price Index, S&amp;P Case-Shiller Home Price Index<\/li>\n<li>Wednesday (10\/30):\u00a0ADP Employment Change,\u00a0\u00a0\u00a0\u00a0\u00a0Advanced International Trade in Goods, Advanced Retail Inventories,\u00a0\u00a0\u00a0\u00a0\u00a0Advanced Wholesale Inventories, EIA Crude Oil Inventories, Q3 GDP \u2013\u00a0\u00a0\u00a0\u00a0\u00a0Advanced, MBA Mortgage Applications Index, Pending Home Sales<\/li>\n<li>Thursday (10\/31):\u00a0Continuing Claims, EIA\u00a0\u00a0\u00a0\u00a0\u00a0Natural Gas Inventories, Employment Cost Index, Initial Claims, PCE\u00a0\u00a0\u00a0\u00a0\u00a0Prices, Personal Income, Personal Spending<\/li>\n<li>Friday (11\/1):\u00a0Nonfarm Payrolls, Average\u00a0\u00a0\u00a0\u00a0\u00a0Workweek, Average Hourly Earnings, Unemployment Rate, ISM Manufacturing\u00a0\u00a0\u00a0\u00a0\u00a0Index<\/li>\n<\/ul>\n<p><strong>Earnings:<\/strong><\/p>\n<p>For the full\u00a0S&amp;P 500, FactSet&#8217;s third-quarter EPS growth consensus is now 3.6%, down from 4.3% at the start of earnings season. As of Friday, 37% of S&amp;P 500 companies have reported third-quarter earnings and 75% topped analyst&#8217;s EPS estimates, FactSet said. That&#8217;s below the five-year average of 77%. Info tech and communication services enjoy the strongest growth so far.<\/p>\n<ul>\n<li>Monday (10\/28):\u00a0ON Semiconductor (ON),\u00a0\u00a0\u00a0\u00a0\u00a0CenterPoint Energy (CNP), Waste Management (WM), Welltower (WELL), Cadence\u00a0\u00a0\u00a0\u00a0\u00a0Design Systems (CDNS), Ford Motor Co. (F), SBA Communications (SBAC), F5\u00a0\u00a0\u00a0\u00a0\u00a0Inc. (FFIV), Crane Co. (CR)<\/li>\n<li>Tuesday (10\/29):\u00a0Novartis (NVS), McDonald&#8217;s\u00a0\u00a0\u00a0\u00a0\u00a0Corp. (MCD), Pfizer (PFE), American Tower Corp. (AMT), BP PLC (BP), PayPal\u00a0\u00a0\u00a0\u00a0\u00a0Holdings (PYPL), D.R. Horton (DHI), Alphabet (GOOGL), Visa (V), Advanced\u00a0\u00a0\u00a0\u00a0\u00a0Micro Devices (AMD), Stryker Corp. (SYK), Chubb Ltd. (CB), Chipotle\u00a0\u00a0\u00a0\u00a0\u00a0Mexican Grill (CMG)<\/li>\n<li>Wednesday (10\/30):\u00a0Eli Lilly &amp; Co.\u00a0\u00a0\u00a0\u00a0\u00a0(LLY), AbbVie (ABBV), Caterpillar (CAT), Automatic Data Processing (ADP),\u00a0\u00a0\u00a0\u00a0\u00a0Trade Technologies (TT), Microsoft Corp. (MSFT), Meta Platforms (META),\u00a0\u00a0\u00a0\u00a0\u00a0Amgen (AMGN), Booking Holdings (BKNG), Starbucks (SBUX), KLA Corp. (KLAC),\u00a0\u00a0\u00a0\u00a0\u00a0Aflac (AFL)<\/li>\n<li>Thursday (10\/31):\u00a0Matercard Inc. (MA),\u00a0\u00a0\u00a0\u00a0\u00a0Merck &amp; Co. (MRK), Line PLC (LIN), Uber Technologies (UBER), Eaton\u00a0\u00a0\u00a0\u00a0\u00a0Corp. (ETN), ConocoPhillips (COP), Apple Inc. (AAPL), Amazon.com Inc.\u00a0\u00a0\u00a0\u00a0\u00a0(AMZN), Intel corp. (INTC), Atlassian Corp. (TEAM)<\/li>\n<li>Friday (11\/1):\u00a0Exxon Mobil Corp. (XOM),\u00a0\u00a0\u00a0\u00a0\u00a0Chevron Corp. (CVX), Enbridge (ENB), Dominion Energy (D), Charter\u00a0\u00a0\u00a0\u00a0\u00a0Communications (CHTR), Cardinal Health (CAH)<\/li>\n<\/ul>\n<p>Memoirs of a trader:\u00a0Whether trading futures or stocks I always try to trade with the trend therefore look to trade the futures and sectors that had the best week and look for continuation or pull backs. Remember not to chase, buying support usually works out better than buying resistance. TIP- fundamental news can change the trend on a dime.<\/p>\n<p>Trading stocks, commodity futures and options involves a substantial risk of loss. The information here is of opinion only and do not guarantee any profits. Past performances are not necessarily indicative of future results.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-199\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1661369887845-585\">\n<table class=\"image image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-973\">\n<tbody>\n<tr>\n<td class=\"image_container\" align=\"center\" valign=\"top\"><a href=\"https:\/\/www.cannontrading.com\/\" target=\"_blank\" rel=\"noopener\" data-trackable=\"true\"><img decoding=\"async\" class=\"image_content\" src=\"https:\/\/ci4.googleusercontent.com\/proxy\/7kJuSXfr6c2EADmOeEAcM7mSso0u8a_i6X34OgYh_LR6D5TqLuPBwntxgg2tsaKqlZqaCFJEYHw3tJuMXrJ-0ikOkUdZqDGIZXxEvzi_I0U6GXWTXlTxPc6ieb-gK0j9aE_ScfcNVOKkCGyEHuDeVKU=s0-d-e1-ft#https:\/\/emailsignature.trustpilot.com\/newsletter\/en-US\/2\/581795fd0000ff000596d6a7\/stars.png\" alt=\"\" width=\"189\" data-image-content=\"\" title=\"\"><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1726776960516-968\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1726776960537-728\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1726776960558-274\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" style=\"text-align: center;\" align=\"left\" valign=\"top\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/67f01d99-8bde-4f50-a397-d9cf3ecae03c.png\" alt=\"\" title=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1726776952554-388\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1726776952574-358\">\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1726776952592-592\">\n<tbody>\n<tr>\n<td class=\"image_container content-padding-horizontal\" align=\"center\" valign=\"top\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1726776960516-968\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1726776960537-728\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1726776960558-274\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-263\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1661369887845-678\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-315\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<p align=\"center\"><strong>Daily Levels for Oct. 29th 2024<\/strong><\/p>\n<p align=\"center\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/485769c0-e664-4209-acab-746cb04a1afd.png\" alt=\"\" title=\"\"><\/p>\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-779\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<div>\n<div align=\"center\">Economic Reports<\/div>\n<div align=\"center\">provided by:<a href=\"https:\/\/www.forexfactory.com\/calendar?day=tomorrow\" target=\"_blank\" rel=\"noopener\">ForexFactory.com<\/a><\/div>\n<div align=\"center\">All times are Eastern Time ( New York)<\/div>\n<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/e80c6744-4e47-4621-9ecf-7bae2b7ffa96.png\" alt=\"\" title=\"\"><\/div>\n<div align=\"center\"><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>Good Trading!<\/div>\n<div><\/div>\n<div>About:\u00a0Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.<\/div>\n<div><\/div>\n<div>Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0You 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.<\/div>\n<div><\/div>\n<div>\n<table class=\"layout layout--feature layout--5-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" bgcolor=\"#e6e6e6\" data-cpeid=\"w-1661369887845-631\">\n<tbody>\n<tr>\n<td class=\"column column--feature column--1 scale stack\" align=\"center\" valign=\"top\" bgcolor=\"#E6E6E6\" data-cpeid=\"w-1661369887845-165\">\n<table class=\"text text--feature text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-616\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"center\" valign=\"top\">\n<div>\n<div><a href=\"https:\/\/www.cannontrading.com\/services\/futures-trading-services\" target=\"_blank\" rel=\"noopener\">Services<\/a><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td class=\"column column--feature column--2 scale stack\" align=\"center\" valign=\"top\" bgcolor=\"#E6E6E6\" data-cpeid=\"w-1661369887845-825\">\n<table class=\"text text--feature text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-101\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"center\" valign=\"top\">\n<div>\n<div><a href=\"https:\/\/www.cannontrading.com\/software\/help-me-choose-the-best-futures-trading-platform\" target=\"_blank\" rel=\"noopener\">Software<\/a><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td class=\"column column--feature column--3 scale stack\" align=\"center\" valign=\"top\" bgcolor=\"#E6E6E6\" data-cpeid=\"w-1661369887845-032\">\n<table class=\"text text--feature text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-580\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"center\" valign=\"top\">\n<div>\n<div><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-commodities-trading-resources\" target=\"_blank\" rel=\"noopener\">Tools<\/a><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td class=\"column column--feature column--4 scale stack\" align=\"center\" valign=\"top\" bgcolor=\"#E6E6E6\" data-cpeid=\"w-1661369887845-513\">\n<table class=\"text text--feature text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-379\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"center\" valign=\"top\">\n<div>\n<div><a href=\"https:\/\/www.cannontrading.com\/community\/newsletter\/Tight-Stops-Wide-Stops-Use-Sugar-Outlook\" target=\"_blank\" rel=\"noopener\">Community<\/a><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td class=\"column column--feature column--5 scale stack\" align=\"center\" valign=\"top\" bgcolor=\"#E6E6E6\" data-cpeid=\"w-1661369887845-211\">\n<table class=\"text text--feature text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887845-673\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"center\" valign=\"top\"><a href=\"https:\/\/www.cannontrading.com\/company\/contact\" target=\"_blank\" rel=\"noopener\">Contact<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887846-702\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1661369887846-778\">\n<table class=\"divider\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887846-205\">\n<tbody>\n<tr>\n<td class=\"divider_container\" align=\"center\" valign=\"top\" width=\"100%\">\n<table class=\"divider_content-row\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td class=\"divider_content-cell\" align=\"center\" bgcolor=\"#3661BD\" height=\"1\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/imgssl.constantcontact.com\/letters\/images\/1101116784221\/S.gif\" alt=\"\" width=\"5\" height=\"1\" border=\"0\" hspace=\"0\" vspace=\"0\" title=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--feature layout--2-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" bgcolor=\"#E6E6E6\" data-cpeid=\"w-1661369887846-302\">\n<tbody>\n<tr>\n<td class=\"column column--feature column--1 scale stack\" align=\"center\" valign=\"top\" bgcolor=\"#E6E6E6\" data-cpeid=\"w-1661369887846-912\">\n<table class=\"text text--feature text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887846-473\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"center\" valign=\"top\">\n<div>\n<div>Cannon Trading Company<\/div>\n<div>12100 Wilshire Boulevard<\/div>\n<div>Suite 1640<\/div>\n<div>Los Angeles, CA 90025<\/div>\n<div>(800) 454-9572<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td class=\"column column--feature column--2 scale stack\" align=\"center\" valign=\"top\" bgcolor=\"#E6E6E6\" data-cpeid=\"w-1661369887846-219\">\n<table class=\"text text--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887846-519\">\n<tbody>\n<tr>\n<td class=\"text_content-cell content-padding-horizontal\" align=\"left\" valign=\"top\">\n<div>\n<div align=\"center\">Follow Us<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"socialFollow socialFollow--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887846-277\">\n<tbody>\n<tr>\n<td class=\"socialFollow_container content-padding-horizontal\" align=\"center\" valign=\"top\" width=\"100%\"><a href=\"https:\/\/www.facebook.com\/CannonTrading\" target=\"_blank\" rel=\"noopener\" data-trackable=\"true\"><img decoding=\"async\" class=\"socialFollow_icon\" src=\"https:\/\/imgssl.constantcontact.com\/letters\/images\/CPE\/SocialIcons\/circles\/circleColor_Facebook.png\" alt=\"Facebook\" width=\"32\" border=\"0\" title=\"\"><\/a>\u00a0\u00a0<a href=\"https:\/\/twitter.com\/CannonTrading\" target=\"_blank\" rel=\"noopener\" data-trackable=\"true\"><img decoding=\"async\" class=\"socialFollow_icon\" src=\"https:\/\/imgssl.constantcontact.com\/letters\/images\/CPE\/SocialIcons\/circles\/circleColor_Twitter.png\" alt=\"Twitter\" width=\"32\" border=\"0\" title=\"\"><\/a>\u00a0\u00a0<a href=\"https:\/\/www.instagram.com\/CannonTrading\" target=\"_blank\" rel=\"noopener\" data-trackable=\"true\"><img decoding=\"async\" class=\"socialFollow_icon\" src=\"https:\/\/imgssl.constantcontact.com\/letters\/images\/CPE\/SocialIcons\/circles\/circleColor_Instagram.png\" alt=\"Instagram\" width=\"32\" border=\"0\" title=\"\"><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" bgcolor=\"#E6E6E6\" data-cpeid=\"w-1661369887846-492\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1661369887846-881\">\n<table class=\"button button--padding-vertical\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1661369887846-455\">\n<tbody>\n<tr>\n<td class=\"button_container content-padding-horizontal\" align=\"center\">\n<table class=\"button_content-row\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" bgcolor=\"#3661BD\">\n<tbody>\n<tr>\n<td class=\"button_content-cell\" align=\"center\"><a class=\"button_link\" href=\"https:\/\/www.cannontrading.com\/\" target=\"_blank\" rel=\"noopener\" data-trackable=\"true\">Visit Our Website<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"layout layout--1-column\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1726776952554-388\">\n<tbody>\n<tr>\n<td class=\"column column--1 scale stack\" align=\"center\" valign=\"top\" data-cpeid=\"w-1726776952574-358\">\n<table class=\"image image--padding-vertical image--mobile-scale image--mobile-center\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" data-cpeid=\"w-1726776952592-592\">\n<tbody>\n<tr>\n<td class=\"image_container content-padding-horizontal\" align=\"center\" valign=\"top\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\">\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Join our\u00a0Private Facebook group Subscribe to our\u00a0YouTube Channel Listen to our podcast: Subscribe on\u00a0Apple,\u00a0Spotify,\u00a0Amazon,\u00a0or wherever you listen to podcasts! All roads lead to AI and AI leads to NVDA 28 October 2024 By GalTrades.com This week we will hear earnings from 5 of the Mag 7 stocks. As they will talk about how much they [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[231,76,230,782,67,30,61,358,1378],"tags":[],"class_list":["post-20438","post","type-post","status-publish","format-standard","hentry","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-economic-trading","category-future-trading-news","category-futures-broker-2","category-futures-trading-2","category-futures-trading-education","category-sp-500"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20438","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=20438"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20438\/revisions"}],"predecessor-version":[{"id":20443,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20438\/revisions\/20443"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}