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The Week Ahead – FRB Federal Reserve Bank’s quiet period or….+Trading Levels 2.08.2023

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The Week Ahead – FRB Federal Reserve Bank’s quiet period or Blackout period is over

 

 

The FRB Federal Reserve Bank’s quiet period or Blackout period is over, The Fed members are again, free to entertain speaking engagements. If you remember last week, Chairman Powell and the FOMC (Federal Open Market Committee) announced the expected .25 rate hike.

The President’s State of the Union address is tonight @9 P.M. EST, 8 P.M. CST. Although you should be able to view his speech on any of your favorite news outlets, we don’t expect any market changing announcements of substance. Be on the ball if there is.

Tomorrow we have a few different members speaking throughout the day.

We also have WASDE report which can really move markets like beans, wheat, corn and other grains.

On the jobs front we do have a jobless claims report, pre market on Thursday at 7:30 a.m. CST. Finally for the week,

Plan your trade and trade your plan. 

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 when it comes to Futures Trading.

Futures Trading Levels

2-08-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here

 

Economic Reports, Source: 

Forexfactory.com

 

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.

Knowing the Type of Volatility & Trading levels for 01.25.2023

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What a difference between Monday and Tuesday if you are a day trader of markets like ES, NQ, MNQ etc…..

Monday we saw some large moves, both up and down with good volume, then Tuesday came and we witnessed a consolidation, narrow range and lower volume.

Many times large trend days will be followed by narrow, range bound trading days.

Also volatility tends to cycle, higher volatility periods, followed by lower volatility. Obviously not an exact science but some observations.

So what you may ask? Knowing the type of environment you are trading is is VERY important as different styles, trading methods and money management techniques will work quite different in volatile days versus low volatility days, strong expansion trending days vs. range bound trading days etc.

So the sooner you can asses the type of trading day you are in and utilize the proper weapons from your arsenal, the better off you will be – in my opinion……

Plan your trade and trade your Plan 

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 when it comes to Futures Trading.

Futures Trading Levels

1-25-2023

 

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here

 

Economic Reports, Source: 

Forexfactory.com

 

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.

CPI to Move Markets! Reports & Trading Levels 1.12.2023

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Big day ahead tomorrow – Highly anticipated CPI report and more!

Heads up: along with the regularly released Labor Department’s Initial Jobless Claims, which measures the number of individuals who filed for unemployment insurance for the first time during the past week, tomorrow we’ll be apprised yet again of the inflation situation here in the U.S. with the release of the Bureau of Labor Statistics’ Consumer Price Index Report, which measures the prices paid by consumers for a basket of consumer goods and services – more than 200 categories of items among food, housing, apparel transportation, medical care, recreation, education and communication – from airline fares to x-ray machines. The report is released at 7:30 A.M., Central Time. The corresponding Producer Price Index will be released this coming Wednesday, Feb., 18.

 

Also tomorrow, the USDA will release its Crop Production Report along with the World Supply/Demand report. The report is released monthly, and provides annual forecasts for supply and use of U.S. and world wheat, rice, coarse grains, oilseeds, and cotton. Both are released simultaneously at 11:00 A.M., Central Time.

  Trading Resource of the Week – “Trading Around Key Economic Reports” FREE Course

 

In this “Trading Around Key Economic Reports” FREE Course you will learn:

·    What is CPI?

·    About the Retail Sales Report

·    What is NFP ( non farm payroll) Report?

·    Understanding US housing Data

·    FOMC

·    Understanding Oil Data Report

·    Importance of Consumer Confidence Survey

 

Expand Your Trading Knowledge NOW!

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 when it comes to Futures Trading.

Futures Trading Levels

1-12-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here

 

Economic Reports, Source: 

Forexfactory.com

 

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.

NFP – Non Farm Payrolls Tomorrow & Trading levels for 01.06.2023

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Highly anticipated NFP report tomorrow.

Last few unemployment reports we witnessed some extreme volatility, vacuum right before and after the number and to be honest, in my opinion uncertain trading environment ( market orders being rejected due to CME “logic” and more….).

The following are my PERSONAL suggestions on trading during NFP/unemployment days:

 

·    Reduce trading size

·    Be extra picky = no trade is better than a bad trade

·    Choose 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 3825.00 with a stop at 3812.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3812.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).

·    Expect the higher volatility during and right after the announcement

·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.

·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.

·    Know what the market was expecting, learn what came out and observe market reaction for clues

·    Be patient and be disciplined

·    If in doubt, stay out!!

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 when it comes to Futures Trading.

Futures Trading Levels

1-06-2023

#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F
#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here

 

Economic Reports, Source: 

Forexfactory.com

 

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.

Full Day Tomorrow Ahead of Triple Witching + Trading levels for 12.15.2022

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Triple Witching, Rollover and bullet Points

By Mark O’Brien

Heads up traders:

Triple Witching is near. For those of you trading stock index futures – any size S&P 500, Nasdaq, Dow Jones, Russell 2000 – remember that this Friday at 8:30 A.M. Central Time, those contracts’ December futures expire and will no longer be available for trading. If you happen to hang on to any Dec. contracts past that time, they will automatically be offset via the cash settlement price of that contract. For you stock index futures options traders, if you to hang on to any Dec. options, the cash settlement price will determine whether your options are in or out of the money, in which case they will either expire worthless or be instantly exercised/assigned, valued and offset by the cash settlement price. Stock options also expire this Friday, thus the triple witching expression (no supernatural phenomena will appear at this time).

Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.

A little history:

Every U.S. bill bears two signatures; that of the Treasury secretary and that of the U.S. Treasurer.

The first woman to sign our U.S. bank notes – as Treasury secretary – is the department’s current office holder: Ms. Janet Yellen.

Several women have served as U.S. Treasurer. Georgia Neese Clark, appointed by Harry Truman, was the first woman to serve as Treasurer. The current U.S. Treasurer is Lynn Malerba.

So now, for the first time, two women will have their signatures on U.S. currency.

As a member of the Mohegan Tribe (and also the tribe’s chief) Ms. Malerba, is the first Native American woman to have her signature appear on U.S. money.

The new bank notes will go into circulation beginning next year.

A Cannon broker will be able to assist, provide feedback and answer any questions.

 

Watch video below on how to rollover using our FREE E-Futures Platform.

 

 

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 when it comes to Futures Trading.

Futures Trading Levels

12-15-2022

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here

 

Economic Reports, Source: 

Forexfactory.com

 

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.