{"id":3872,"date":"2012-06-14T12:13:14","date_gmt":"2012-06-14T20:13:14","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3872"},"modified":"2014-09-14T22:36:43","modified_gmt":"2014-09-15T06:36:43","slug":"trading-levels-reports-for-quadruple-witching-friday-june-15th-2012","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trading-levels-reports-for-quadruple-witching-friday-june-15th-2012\/","title":{"rendered":"Trading Levels & Reports for Quadruple Witching Friday June 15th 2012"},"content":{"rendered":"

Jump to a section in this post:<\/span><\/p>\n

1. Market Commentary<\/a><\/strong>
\n2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4. Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5. Economic Reports for Friday June 15, 2012<\/a><\/strong><\/p>\n

Hello Traders,<\/strong><\/p>\n

Hello Traders,<\/p>\n

Tomorrow ( Friday June 15th) is quadrupole witching day. Stock options, futures, futures options and single stock futures ALL expire.<\/p>\n

Below is from a colleague of a colleague….<\/p>\n

Expiration –<\/strong>\u00a0comments ahead of this Fri from JPMorgan’s Marko Kolanovic – with key Greek elections coming this weekend, investors are closely looking for signs of stress in\u00a0Europe\u00a0and reviewing their tail hedging strategies.\u00a0\u00a0$610bn of S&P 500 monthly options are expiring this Friday, making it the biggest S&P 500 options expiration year to date<\/strong>.\u00a0 As these options don’t cover the election date, investors are rolling hedges into quarter-end, July and September expiry S&P 500 options. In addition, the open interest in VIX call options reached all time highs today (notional exposure of $430m per 1 VIX point).\u00a0 Put-call gamma imbalance is still very high (~$12bn per 1%).\u00a0 High level of put-call gamma imbalance means that investors hold option hedges and dealers are likely short these options and hence short S&P 500 gamma.\u00a0\u00a0Short gamma exposure of dealers could fuel market volatility and increase the risk of a sharp selloff, should the macro fundamentals significantly worsen.<\/strong><\/div>\n

ALSO June currencies are about to enter delivery stage, which can be costly. I highly recommend starting to trade September currencies as of Friday morning .<\/p>\n

Be disciplined, be patient and trade well!<\/p>\n

<\/p>\n

GOOD TRADING!<\/strong><\/p>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. 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.<\/p>\n

<\/a>2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n
Contract Sept. 2012<\/td>\nSP500 (big & Mini)<\/td>\nNasdaq100 (big & Mini)<\/td>\nDow Jones (big & Mini)<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1349.83<\/td>\n2586.67<\/td>\n12873<\/td>\n778.67<\/td>\n82.67<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1338.52<\/td>\n2565.83<\/td>\n12754<\/td>\n769.43<\/td>\n82.48<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1330.13<\/td>\n2551.67<\/td>\n12672<\/td>\n763.57<\/td>\n82.19<\/td>\n<\/tr>\n
Pivot<\/td>\n1318.82<\/td>\n2530.83<\/td>\n12553<\/td>\n754.33<\/td>\n82.00<\/td>\n<\/tr>\n
Support 1<\/td>\n1310.43<\/td>\n2516.67<\/td>\n12471<\/td>\n748.47<\/td>\n81.71<\/td>\n<\/tr>\n
Support 2<\/td>\n1299.12<\/td>\n2495.83<\/td>\n12352<\/td>\n739.23<\/td>\n81.52<\/td>\n<\/tr>\n
Support 3<\/td>\n1290.73<\/td>\n2481.67<\/td>\n12270<\/td>\n733.37<\/td>\n81.23<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nAug Gold<\/td>\nJune Euro<\/td>\nJuly Crude Oil<\/td>\nSept. Bonds<\/td>\n<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1651.9<\/td>\n1.2748<\/td>\n87.14<\/td>\n150 7\/32<\/td>\n<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1640.5<\/td>\n1.2692<\/td>\n85.76<\/td>\n149 26\/32<\/td>\n<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1633.3<\/td>\n1.2655<\/td>\n85.02<\/td>\n149 9\/32<\/td>\n<\/td>\n<\/tr>\n
Pivot<\/td>\n1621.9<\/td>\n1.2599<\/td>\n83.64<\/td>\n148 28\/32<\/td>\n<\/td>\n<\/tr>\n
Support 1<\/td>\n1614.7<\/td>\n1.2562<\/td>\n82.90<\/td>\n148 11\/32<\/td>\n<\/td>\n<\/tr>\n
Support 2<\/td>\n1603.3<\/td>\n1.2506<\/td>\n81.52<\/td>\n147 30\/32<\/td>\n<\/td>\n<\/tr>\n
Support 3<\/td>\n1596.1<\/td>\n1.2469<\/td>\n80.78<\/td>\n147 13\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

4. Support & Resistance Levels for Corn, Wheat, Beans and Silver<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nJuly Corn<\/td>\nJuly Wheat<\/td>\nJuly Beans<\/td>\nJuly Silver<\/td>\n<\/td>\n<\/tr>\n
Resistance 3<\/td>\n617.2<\/td>\n628.3<\/td>\n1432.83<\/td>\n3002.2<\/td>\n<\/td>\n<\/tr>\n
Resistance 2<\/td>\n612.8<\/td>\n627.2<\/td>\n1422.67<\/td>\n2954.8<\/td>\n<\/td>\n<\/tr>\n
Resistance 1<\/td>\n607.2<\/td>\n625.3<\/td>\n1404.33<\/td>\n2909.7<\/td>\n<\/td>\n<\/tr>\n
Pivot<\/td>\n602.8<\/td>\n624.2<\/td>\n1394.17<\/td>\n2862.3<\/td>\n<\/td>\n<\/tr>\n
Support 1<\/td>\n597.2<\/td>\n622.3<\/td>\n1375.8<\/td>\n2817.2<\/td>\n<\/td>\n<\/tr>\n
Support 2<\/td>\n592.8<\/td>\n621.2<\/td>\n1365.67<\/td>\n2769.8<\/td>\n<\/td>\n<\/tr>\n
Support 3<\/td>\n587.2<\/td>\n619.3<\/td>\n1347.33<\/td>\n2724.7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

5. Economic Reports<\/strong><\/h3>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/p>\n

All times are Eastern time Zone (EST)<\/a><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
Fri<\/div>\n

Jun 15<\/td>\n

<\/a>\u00a0\"Up\u00a02:50am<\/td>\nEUR<\/td>\n<\/td>\n\n
ECB President Draghi Speaks<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
4:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Italian Trade Balance<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/td>\n1.34B<\/td>\n\n
2.06B<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/tr>\n
5:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Employment Change q\/q<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/td>\n-0.2%<\/td>\n\n
-0.2%<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/tr>\n
5:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Trade Balance<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/td>\n4.2B<\/td>\n\n
4.3B<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/tr>\n
8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Empire State Manufacturing Index<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/td>\n13.6<\/td>\n\n
17.1<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/tr>\n
9:00am<\/td>\nUSD<\/td>\n<\/td>\n\n
TIC Long-Term Purchases<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/td>\n45.3B<\/td>\n\n
36.2B<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/tr>\n
9:15am<\/td>\nUSD<\/td>\n<\/td>\n\n
Capacity Utilization Rate<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/td>\n79.2%<\/td>\n\n
79.2%<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/tr>\n
9:15am<\/td>\nUSD<\/td>\n<\/td>\n\n
Industrial Production m\/m<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/td>\n0.1%<\/td>\n\n
1.1%<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/tr>\n
9:55am<\/td>\nUSD<\/td>\n<\/td>\n\n
Prelim UoM Consumer Sentiment<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/td>\n77.5<\/td>\n\n
79.3\"\"<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/tr>\n
9:55am<\/td>\nUSD<\/td>\n<\/td>\n\n
Prelim UoM Inflation Expectations<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/td>\n<\/td>\n\n
3.0%\"\"<\/div>\n<\/td>\n
\"\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by 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":"

Jump to a section in this post: 1. Market Commentary 2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4. Support and Resistance Levels – Corn, Wheat, Beans, Silver 5. Economic Reports for Friday June 15, 2012 Hello Traders, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[149,134,602],"class_list":["post-3872","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-commodity-futures-broker","tag-futures-trading-brokers","tag-futures-trading-online"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3872","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=3872"}],"version-history":[{"count":8,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3872\/revisions"}],"predecessor-version":[{"id":3886,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3872\/revisions\/3886"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}