November 18th, 2016 - Issue #853
In This Issue
1. Trading 101: An Overlooked Key to Improving your Trading
2. Hot Market Report: Nymex Crude Oil Rebounds From Strong Technical Support Area
3. Economic Calendar
Thanksgiving Holiday Trading Schedule - Happy Turkey Day to our valued clients and prospects!
1. Trading 101: An Overlooked Key to Improving your 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. alto 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.
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 - Nymex Crude Oil Rebounds From Strong Technical Support Area
From our friend Jim Wyckoff
Jim has an excellent daily newsletter where he reviews different markets, alerts you for potential trades and much more. Included is his great bi-weekly newsletter with charts and a little longer term outlook. We recommend checking out his website, educational CDROM, and services at www.jimwyckoff.com click on image below to enlarge
The Nymex crude oil futures market this week has seen a good rebound in prices after challenging a strong layer of technical support in the low $40s. The bulls have gained some technical momentum this week to begin to suggest a near-term market bottom is in place. My bias is that crude oil prices will generally be maintained in a range between $40 and $50 a barrel for at least the near term. Stay tuned!
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 11/18 Fri |
2:00 PM CST - Cattle On Feed
2:00 PM CST - Milk Production |
LT: Nov Nikkei Options(CME)
Nov E-Mini Dow Options(CME) Nov E-Mini S&P 500 Options(CME) Nov E-Mini NASDAQ Options(CME) Nov Russell Options(CME) Nov S&P 500 Options(CME) Dec Orange Juice Options(ICE) |
| 11/21 Mon |
|
FN: Dec Coffee(ICE)
LT: Dec Crude Lt(NYM) |
| 11/22 Tue |
9:00 AM CST - Existing Home Sales(Oct)
2:00 PM CST - Cold Storage 3:30 PM CST - API Energy Stocks |
LT: Dec Copper Options(CMX)
Dec Gold Options(CMX) Dec Silver Options(CMX) |
| 11/23 Wed |
6:00 AM CST - MBA Mortgage Index
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Durable Orders(Oct) 7:30 AM CST - Durable Orders Ex-Transportation(Oct) 8:00 AM CST - FHFA Housing Price Index(Sep) 9:00 AM CST - Michigan Sentiment-Final(Nov) 9:00 AM CST - New Home Sales(Oct) 9:30 AM CST - EIA Petroleum Status Report 9:30 AM CST - EIA Natural Gas Report 1:00 PM CST - FOMC Minutes 2:00 PM CST - Dairy Products Sales |
FN: Dec Cotton(NYM)
Dec Crude Lt(NYM) Dec 2,5,10 Year Notes Options(CBT) Dec Bonds Options(CBT) |
| 11/24 Thu |
THANKSGIVING DAY
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| 11/25 Fri |
7:30 AM CST - USDA Weekly Export Sales
3:30 PM CST - Money Supply |
LT: Dec Canola Options(CBT)
Dec Wheat Options(CBT) Dec Corn Options(CBT) Dec Oats Options(CBT) Dec Rough Rice Options(CBT) Dec Soybeans,Soymeal,Soyoil Options(CBT) Dec Natural Gas Options(NYM) Dec RBOB & ULSD Options(NYM) |
| 11/28 Mon |
|
LT: Nov Copper(CMX)
Nov Gold(CMX) Nov Silver(CMX) Nov Platinum(NYM) Nov Palladium(NYM) Dec Natural Gas(NYM) |
| 11/29 Tue |
7:30 AM CST - GDP-Second Estimate(Q3)
7:30 AM CST - GDP Deflator-Second Estimate(Q3) 8:00 AM CST - Case-Shiller 20-City Index(Sep) 9:00 AM CST - Consumer Confidence(Nov) 3:30 PM CST - API Energy Stocks |
FN: Dec Natural Gas(NYM)
LT: Nov Butter(CME) Nov Milk(CME) Nov Butter Options(CME) Nov Milk Options(CME) |
| 11/30 Wed |
6:00 AM CST - MBA Mortgage Index
7:15 AM CST - ADP Employment Change(Nov) 7:30 AM CST - Core PCE Price Index(Oct) 7:30 AM CST - Personal Income & Spending(Oct) 8:45 AM CST - Chicago PMI(Nov) 9:00 AM CST - Pending Home Sales(Oct) 9:30 AM CST - EIA Petroleum Status Report 1:00 PM CST - Fed's Beige Book(Nov) 2:00 PM CST - Dairy Products Sales |
FN: Dec 2,5,10 Year Notes(CBT)
Dec Bonds(CBT) Dec Copper(CMX) Dec Gold & Silver(CMX) Dec Platinum & Palladium(NYM) Dec Wheat(CBT) Dec Corn(CBT) Dec Oats(CBT) Dec Soymeal & Soyoil(CBT) LT: Nov Fed Funds(CME) Dec RBOB & ULSD(NYM) Nov Fed Funds Options(CME) Dec Lumber Options(CME) |
| 12/01 Thu |
6:30 AM CST - Challenger Job Cuts(Nov)
7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 9:00 AM CST - Construction Spending(Oct) 9:00 AM CST - ISM Index(Nov) 9:30 AM CST - EIA Natural Gas Report 1:00 PM CST - Auto & Truck Sales(Nov) 2:00 PM CST - Fats & Oils 2:00 PM CST - Grain Crushings 3:30 PM CST - Money Supply |
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| FN=First Notice, OE=Option Expiration, LT=Last Trade | ||
* 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!
