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PPI Tomorrow! + 03.15.2023 Trading Levels

Posted on by efuturesadmin
Get Real Time updates and more on our private FB group!

 

 

Trade June indices as well as June currencies!

PPI tomorrow

Between bank failures and rollover, mini SP traded 6 million contracts yesterday and approx. 4.5 million today. Daily range ( high to low) was near or above the 100 points for the mini SP!

The injected volatility back into the markets make this a different playing field than we had few weeks ago…

Few pointers below, Hope it helps.

 

 

*Expect the unexpected…

 

* Have an idea of what you are looking to do, keep in mind possible risk and have a game plan. Now more than ever, plan your trade and than trade your plan!

 

* Think money management, hedging risk while you are still trying to figure out how to profit.

 

* Know what is going on, reports, current margins, current limits and more.

* Consider short term options instead of futures and/or MICROS

 

* Trade smaller. The bands are much larger. Watch the VIX.

*While I have no idea were the market is going from day to day, minute to minute, week to week etc. I do know that in the past, some of the sharpest and largest rallies were short covering after a large sell off. More often than not market sell offs and volatility like we are seeing do not end up as V type of action but more like U or W when it is all said and done.

 

* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.

 

My colleague, John Thorpe, Ex floor broker, contributed the following on the VIX and the VVIX:

We recommend all stock indices intraday traders to keep an eye on the VIX for directional clues and study, many of you have access through other means to view this critical trading barometer, VIX now trades 5 days per week ,23 hours per day. if you need to add the VIX data to your trading platforms , it’s 3 bucks per month, penny wise and pound foolish if you don’t. Contact your broker on how to add the Volatility Index traded through the CBOE to your trading platform

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

 

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

3-15-2023

#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.

FED Funds, NFP Preview + 03.10.2023 Trading Levels

Posted on by efuturesadmin
Get Real Time updates and more on our private FB group!

 

Ahead of NFP this TOMORROW, the below is provided by our friends over at NewSquawk.com

PREVIEW: US nonfarm payrolls (Feb’23) to be released on Friday March 10th at 13:30GMT/08:30EST

 

EXPECTATIONS: The consensus looks for 203k nonfarm payrolls to be added to the US economy in February (forecast range: 100-325k), with the pace cooling from the 517k added in January. If the consensus is realized, it would be lower than the pace of the 3-, 6- and 12-month averages, at 356k, 349k and 414k respectively. The unemployment rate is expected to be unchanged at 3.4% (range: 3.3-3.5%); the Fed projects that the jobless rate will peak at 4.6% in 2023, although the central bank will update its economic projections at the March 21-22nd confab.

READ FULL COMMENTARY HERE

 

The CME FedWatch tool is a free online resource provided by the Chicago Mercantile Exchange (CME) that provides information about the market’s expectations for changes to U.S. Federal Reserve policy. Here’s how to use it:

1.  Go to the CME FedWatch tool website: https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

2.  Scroll down to the “Countdown to FOMC” section.

3.  Review the table to see the probability of an interest rate change or no change at the next Federal Open Market Committee (FOMC) meeting, as well as the probability of future rate changes.

4.  You can also view the implied yield of the Fed Funds futures contract for each FOMC meeting. This represents the market’s expectation of the federal funds rate at the specified date.

5.  To view more detailed information, click on the “View Tool” button at the top of the page. This will take you to a page with additional charts and data about the market’s expectations for the federal funds rate.

6.  The Fed DOTPLOT is found on the left-hand margin of the tool.

Note that the CME FedWatch tool is not a crystal ball and cannot predict the future with certainty. It is simply a reflection of the market’s current expectations and can be affected by changes in economic conditions or other factors.

 

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

3-10-2023

#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.

Make March a GREAT trading Month 03.01.2023 Trading Levels

Posted on by efuturesadmin
Get Real Time updates and more on our private FB group!

Tomorrow is the first trading day for March. Last and first trading days of the months can at times be more volatile and at times have a chance to become a trending day.

ISM and energy numbers are the highlights on the reports side.

 

Trader’s Check List:

·        Review prior day statement

·        Check for any working orders on your platforms.

·        Be aware of contract rollover dates

·        Set a daily loss limit and learn NOT to overtrade

·        Understand what reports are coming out today

·        Make sure you are not distracted

·        Calculate appropriate trading size based on current volatility and account size

·        Start with Larger Time Frame charts to get proper perspective

·        Understand what your goal is

·        Measure your success or lack of

·        Spend time furthering your trading education and exploring different methods

·        Put trading in perspective and make sure the overall psychology of trading fits you.

 

 

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

3-01-2023

#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.

Strong Dollar, 02.23.2023 Trading Levels

Posted on by efuturesadmin
Get Real Time updates and more on our private FB group!

Would you like a trial of breaking news, text alerts and market insight directly on your trading desktop? Start here.

 

Looking at the last two trading days of the week

By Mark O’Brien, Senior Broker

 

General:

Continued dollar strength this week, an expected more hawkish leaning by Fed officials in today’s release of last month’s FOMC meeting minutes and a more widespread sentiment that higher U.S. rates will cause a recession all have provided the backdrop against the downward bias in the major equity indexes. Along the same lines, the stronger dollar has added to the negative macro view toward physical commodities. Paradoxically, U.S. economic data continues every so often to post positive data and that has reduced recession fears. On balance, it appears the path of least resistance for equity indexes looks to be down for now.

 

Markets:

Energy: Natural gas (March contract) pierced through the $2.00 price point for the first time since September 2020 before rebounding up to positive territory as of this typing. That’s a precipitous ±$34,000 per contract move from the contract’s recent ±$5.40 highs going back almost three months to the day. Bearish fundamentals can take credit for the sell-off, notably a ±19% decline in demand among the 27-nation European Union from last August into January and continued poor U.S. demand as above normal temperature forecasts for the U.S. nationally remain intact through the first week of March. The major winter storm crossing the country through the end of the week looks to be providing minimal support.

 

Metals: Gold (April) remains mired near its lows for the year near ±$1,835/oz, not eager to recover from its ±$130 slide since its ±$1,970/oz. intraday high of Feb. 1, a ±$13,000 move.

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

2-23-2023

#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.

Aluminum Futures 02.15.2023 Trading Levels

Posted on by efuturesadmin
Get Real Time updates and more on our private FB group!

Aluminum futures continue to gain market adoption and provide market participants the confidence they need to manage their aluminum price risk.

Daily volume in January hit an all-time high at 2,974 contracts per day, with open interest hitting a record 2,545 contracts on February 3. Market participation hit a record 148 participants up 18% from December 2022.

The active outright for aluminum is April, and the CQG code is ALIJ23 <COMDTY>. It will roll to May, ALIK23 <COMDTY>, on Wednesday, February 15

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

2-15-2023

#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.

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