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April 28, 2017 Newsletter

An important aspect of day trading along with mini SP 500 futures chart review

April 28, 2017 - Issue #873

In This Issue

1. Trading 101: One of the Most Important ( and overlooked) Aspects of Day Trading
2. Hot Market report: More Upside for Stocks Bulls?
3. Economic Calendar

1. Trading 101: One of the Most Important ( and often overlooked....) Aspects of Day Trading - Learn to Accept Losses

by: Ilan Levy-Mayer, VP

I am frequently asked, (and many times I ask myself) about the keys to trading success in general and futures trading in specific. The list is long and, to be honest, it is not an exact science

Successful trading is a mix of art and math, personality and discipline and much more in between. also be honest, I have seen many different ways to make money in the futures and commodities world. I saw and still see clients trade and make money.

accept a losing day

One of the most frequent and overlooked problems is not “how to make money”, but one key is actually “learning how to lose”… .If you have never traded before you may raise an eyebrow…If you have indeed traded before, you’re starting to smell where I am going with this….

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2. Hot Market report: More Upside for Stocks Bulls?

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

mini SP futures; The U.S. stock index futures bulls had a good week, with prices at or near record highs. The stock index bulls have the solid technical advantage and there are no early technical clues to suggest near-term market tops are close at hand. Don't be surprised to see geopolitics back on the front burner next week.--Jim

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
04/28
Fri
7:30 AM CDT - Chain Deflator-Adv(Q1)
7:30 AM CDT - Employment Cost Index(Q1)
7:30 AM CDT - GDP-Adv(Q1)
8:45 AM CDT - Chicago PMI(Apr)
9:00 AM CDT - Michigan Sentiment-Final(Apr)
FN: May Gold & Silver(CMX)
May Copper(CMX)
May Platinum & Palladium(NYM)
May Canola(CBT)
May Wheat(CBT)
May Oats(CBT)
May Rough Rice(CBT)
May Soybeans,Soymeal,Soyoil(CBT)
LT: Apr Fed Funds(CME)
Apr Live Cattle(CME)
May RBOB & ULSD(NYM)
May Sugar-11(ICE)
Apr Fed Funds Options(CME)
May Lumber Options(CME)
05/01
Mon
7:30 AM CDT - PCE Prices(Mar)
7:30 AM CDT - Personal Income & Spending(Mar)
7:30 AM CDT - PCE Prices-Core(Mar)
9:00 AM CDT - Construction Spending(Mar)
9:00 AM CDT - ISM Index(Apr)
2:00 PM CDT - Cotton System
2:00 PM CDT - Grain Crushings
2:00 PM CDT - Fats & Oils
FN: May Orange Juice(ICE)
May Sugar-11(ICE)

 
05/02
Tue
1:00 PM CDT - Auto & Truck Sales
2:00 PM CDT - API Energy Stocks
 
 
FN: May RBOB & ULSD(NYM)
LT: Apr Butter(CME)
Apr Milk(CME)
Apr Butter Options(CME)
Apr Milk Options(CME)
05/03
Wed
6:00 AM CDT - MBA Mortgage Applications Index
7:15 AM CDT - ADP Employment Change(Apr)
9:00 AM CDT - ISM Services(Apr)
9:30 AM CDT - EIA Petroleum Status Report
1:00 PM CDT - FOMC Rate Decision
2:00 PM CDT - Dairy Product Sales

 
 
 
05/04
Thu
6:30 AM CDT - Challenger Job Cuts(Apr)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Trade Balance(Mar)
7:30 AM CDT - Productivity-Prel(Q1)
7:30 AM CDT - Unit Labor Costs(Q1)
9:00 AM CDT - Factory Orders(Mar)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply

 
 
 
05/05
Fri
7:30 AM CDT - Nonfarm Payrolls(Apr)
7:30 AM CDT - Unemployment Rate(Apr)
7:30 AM CDT - Average Workweek & Hourly Earnings(Apr)
2:00 PM CDT - Consumer Credit(Mar)
LT: May Canadian Dollar Options(CME)
May Currencies Options(CME)
May Live Cattle Options(CME)
May Mx Peso Options(CME)
May US Dollar Index Options(ICE)
Jun Cocoa Options(ICE)
05/08
Mon

 
 
 
LT: May Cotton(NYM)
 
 
 
05/09
Tue
9:00 AM CDT - Wholesale Inventories(Mar)
3:30 PM CDT - API Energy Stocks
 
 

 
 
 
05/10
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
7:30 AM CDT - Export (ex-ag) & Import (ex-oil) Prices(Apr)
9:30 AM CDT - EIA Petroleum Status Report
11:00 AM CDT - WASDE Report & Crop Production
2:00 PM CDT - Dairy Products Sales
LT: May Orange Juice(ICE)
 
 
 
05/11
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Core PPI & PPI(Apr)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply

 
 
 
FN=First Notice, OE=Option Expiration, LT=Last Trade

Disclaimer: This calendar is compiled from sources believed to be reliable. Moore Research Center, Inc. assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The release dates for certain economic reports may have been rescheduled.

* 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!

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