Cannon Trading Co. Inc.
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Since 1988
Cannon Trading Co. Inc. Weekly Newsletter

In This Issue

Daily Trade Recommendations

Chart of the Day

Reports and Expiration Notices

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December 13th, 2006 — Issue #357

 


 

Daily Trade Recommendations

Free Trial for Real-time daily futures Updates and trade recommendations

Dave Register is a registered CTA who publishes daily commentary for Futures traders to use. He also provides low-risk trade recommendations for those traders who are too busy to follow the markets throughout the trading day. Dave uses specific stops and urges futures traders to never trade without perspective, that is to understand the inherent risk, use physical stops, not mental stops, do not overtrade and have an exit strategy.

Dave's background includes work in artificial intelligence and years of working with Elliott Wave theory and trade modules. Dave provides daily DAY-TRADE recommendations as well as SWING TRADE ideas.

Past hypothetical results are available upon request!

To start your free trial, please fill out this short form.

Below is an example and format of how the daily and the swing trade recommendations delivered to your desktop EVERY MORNING before the market starts.

We offer the option of trading these recommendations as "Auto trading," where qualified clients provide our brokers letter of direction to execute these trades on a daily basis.

Example of Swing Trade Recommendations

(please note that this is an EXAMPLE ONLY and not a current recommendation!)


THERE IS RISK IN TRADING FUTURES AND PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.


Swing Trade Recommendations for 11/3/05

New Short Entries:

Market Order Type Entry Price If Filled Buy Stop * If Filled Objective
S&P 500 E-mini December Stop 1199.75 1218.25 1185.25
Russell 2000 E-mini December Stop 647.50 658.70 617.60
Copper December Stop 179.30 183.05 170.80
Euro December Stop 1.2045 1.2128 1.1870
Soybeans January Stop 579 ¼ 587 ¾ 544 ¾
Soymeal December Stop 171.50 175.00 156.30

* For stop entry orders, if the price opens at the start of pit trading below the entry price the protective buy stop price needs to be reduced by the difference between the entry price and the opening price.

New Long Entries

Market Order Type Entry Price If Filled Sell Stop * If Filled Objective
Gold December Stop 470.40 461.70 478.60
Australian dollar December Stop .7467 .7390 .7690
Japanese yen December Stop .8629 .8589 .8757
Cotton December Stop 53.64 52.29 55.95
Cocoa December Stop 1401 1369 1468

* For stop entry orders, if the price opens at the start of pit trading above the stop entry price the protective sell stop needs to be increased by the difference between the opening price and the entry price.

Open Short Positions

Market Buy Stop Price Objective Price
Dow Jones 30 December 10573 10112
10-Year T-notes December 108`21 106`28
30-Year T-bonds December 112`05 108`17
Canadian December .8539 .8405
Crude Oil e-miNY December 61.175 57.50
Cocoa December 1385 1269
Orange Juice January 121.60 106.75
Live Cattle December 90.90 81.75

Open Long Positions

Market Sell Stop price Objective Price
Swiss franc December .7786 8008
Coffee December Market on Open to Exit ---
Corn December 195 210 ½
Soybeans January 580 616 ½
Bean Oil December 22.50 23.95

The stop loss prices and the objective change daily. The stop loss orders should remain in effect during the night sessions for those markets that allow stop orders in their night sessions. The objective prices are for limit orders to exit the position and remain in effect in the night sessions. The entry orders for e-mini contracts are only for the duration of day sessions in the larger equivalent contract.

To begin your free trial, just fill out this short form!

 

 

Chart of the Day

Chart of the Day

Just fill out this short form or call 1-(800) 454-9572 to gain immediate access to the Chart of the Day.

  • QUALIFIED SUPPORT/RESISTANCE LEVELS
    FOR PRECISE RISK MANAGEMENT
  • PIVOT POINTS
    THAT HIGHLIGHT SHIFTS IN MARKET MOMENTUM
  • TECHNICAL FORECAST
    TO KEEP YOU ON THE RIGHT SIDE OF THE MARKET
  • PROPRIETARY INDICATOR ANALYSIS
    EASY TO READ COLOR-CODED RESEARCH TOOL

Disclaimer: There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing in this newsletter is intended to be a trading recommendation for you to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information in this newsletter.

 

 

Economic Reports and Expiration Notices

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
12/14
Thu
7:30 AM CST - Export & Import Prices(Nov)
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
9:30 AM CST - EIA Gas Storage
3:30 PM CST - Money Supply
NOPA Crush
LT: Dec Corn(CBT)
Dec DJIA(CBT)
Dec Oats(CBT)
Dec Soybean Oil & Meal(CBT)
Dec Wheat(CBT)
Dec S&P 500(CME)
Dec Lean Hogs(CME)
Dec Nasdaq 100(CME)
Dec Value Line Options(KCBT)
Dec Lean Hog Options(CME)
12/15
Fri
7:30 AM CST - CPI & Core CPI(Nov)
7:30 AM CST - NY Empire State Index(Dec)
8:00 AM CST - Net Foreign Purchases(Oct)
8:15 AM CST - Industrial Prod & Capacity Util(Nov)
8:50 AM CST - Michigan Sentiment-Prel(Dec)
2:00 PM CST - Dairy Products Prices
LT: Dec E-mini S&P 500(CME)
Dec GSCI(CME)
Dec Single Stock Futures
Dec E-mini Nasdaq 100(CME)
Dec E-mini Russell 2000(CME)
Dec DJIA Options(CBT)
Dec E-mini S&P 500 Options(CME)
Dec Nasdaq 100 Options(CME)
Dec S&P 500 Options(CME)
Jan Orange Juice Options(NYBOT)
12/18
Mon
7:30 AM CST - Current Account(Q3)
 
 
 
FN: Dec Currencies(CME)
LT: Dec Eurodollar(CME)
Dec U.S. Dollar Index(NYBOT)
Dec Currencies(CME)
Dec Coffee(NYBOT)
Dec LIBOR(CME)
Dec Eurodollar Options(CME)
Dec LIBOR Options(CME)
12/19
Tue
7:30 AM CST - Housing Starts & Building Permits(Nov)
7:30 AM CST - PPI & Core PPI(Nov)
 
 
FN: Dec Canadian Dollar(CME)
LT: Dec U.S. 5 & 10 Yr Notes(CBT)
Dec U.S. Bonds(CBT)
Dec Canadian Dollar(CME)
12/20
Wed
9:30 AM CST - API & DOE Energy Stats
 
 
 

 
 
 
12/21
Thu
7:30 AM CST - GDP-Final(Q3)
7:30 AM CST - Chain Deflator-Final(Q3)
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
9:00 AM CST - Leading Indicators(Nov)
11:00 AM CST - Philadelphia Fed(Dec)
9:30 AM CST - EIA Gas Storage
2:00 PM CST - Cold Storage
3:30 PM CST - Money Supply
LT: Dec Value Line(KCBT)
 
 
 

 


 

* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.

** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

*** 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 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!