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September 11, 2015 Newsletter

Bearish Patterns in Crude Oil Futures. Front month for stocks indices and currencies is now December.

September 11th, 2015 - Issue #801

REMEMBERING SEPT 11th 2001, the victims and their families.

In This Issue

1. Trading Updates
2. Hot Market Report: SP 500 Bearish Patterns
3. Economic Calendar

1. Trading Updates

A. Front month for stock indices, currencies and financials is now December. The symbol for December is Z

B. Effective Monday, September 21, the daily CME Globex maintenance period will begin 15 minutes earlier Monday through Thursday from 16:00 until 16:45 CT. Short version is that now metals, energies, indices will all close at 4 pm Central .Currently, the daily maintenance period occurs Monday through Thursday from 16:15 to 16:45 CT. With this change, the closing times for the following markets will now occur 15 minutes earlier Monday through Friday at 16:00 CT.

C. Browse featured daily chart provided by JS Services on our site. Bookmark the page and use it daily.

2. Hot Market Review - Crude Oil Bulls Meet Resistance

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

bearish patterns in crude;October Nymex crude oil futures saw a big rebound from the August low, but recent price action has been choppy and sideways as the market pauses. There are still a couple of early technical clues that the market has bottomed out, but the crude oil bulls need to show fresh power soon to reaffirm those clues. A bearish weekly low close, or close to it, on Friday would deflate the bulls and would also suggest at least a retest of the August low.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
09/14
Mon

LT: Sep Currencies(CME)
Sep Eurodollar(CME)
Sep Corn(CBT)
Sep Wheat(CBT)
Sep Oats(CBT)
Sep Rough Rice(CBT)
Sep Soybeans,Soymeal,Soyoil(CBT)
Sep US Dollar Index(ICE)
Sep Eurodollar Options(CME)
  
09/15
Tues
7:30 AM CDT - Empire Manufacturing(Sep)
7:30 AM CDT - Retail Sales(Aug)
7:30 AM CDT - Retail Sales-Ex Auto(Aug)
8:15 AM CDT - Capacity Util & Industrial Prod(Aug)
9:00 AM CDT - Business Inventories(Jul)
11:00 AM CDT - NOPA Crush
  
FN: Sep US Dollar Index(ICE)
LT: Sep Canadian Dollar(CME)
Sep Cocoa(ICE)
Sep Lumber(CME)
Oct Sugar-11 Options(ICE)
09/16
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
7:30 AM CDT - Core CPI & CPI(Aug)
9:00 AM CDT - NAHB Housing Market Index(Sep)
9:30 AM CDT - API & DOE Energy Stats
2:00 PM CDT - Dairy Products Sales
3:00 PM CDT - Net Long-Term TIC Flows(Jul)
FN: Sep Lumber(CME)
LT: Oct Platinum Options(NYM)
Oct Palladium Options(NYM)
09/17
Thurs
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Building Permits & Housing Starts(Aug)
7:30 AM CDT - Current Account Balance(Q2)
9:00 AM CDT - Philadelphia Fed(Sep)
9:30 AM CDT - EIA Gas Storage
1:00 PM CDT - FOMC Rate Decision(Sep)
3:30 PM CDT - Money Supply
 
LT: Sep NASDAQ(CME)
Sep S&P 500(CME)
Sep NASDAQ Options(CME)
Sep S&P 500 Options(CME)
Oct Crude Lt Options(NYM)
09/18
Fri
9:00 AM CDT - Leading Indicators(Aug)
2:00 PM CDT - Milk Production
2:00 PM CDT - Cattle On Feed
 
LT: Sep DJIA(CME)
Sep E-Mini S&P 500(CME)
Sep E-Mini NASDAQ(CME)
Sep Russell(CME)
Sep Coffee(ICE)
Sep DJIA Options(CME)
Sep E-Mini S&P 500 Options(CME)
Sep E-Mini NASDAQ Options(CME)
Sep Russell Options(CME)
Oct Orange Juice Options(ICE)
09/21
Mon
9:00 AM CDT - Existing Home Sales(Aug)
  
LT: Sep 10 Year Notes(CBT) Sep Bonds(CBT)
  

* 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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