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.
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
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.
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)
Oct Sugar-11 Options(ICE)
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)
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
* 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!