The Small Exchange is here and big things are happening. Learn about the standardized products, smaller contract size, easy to understand pricing and more. We are also sharing a mini Dow possible short term short trade.
Gain exposure to popular markets with standardized tick values and expiration dates on the Small Exchange. This brand new exchange joins the benefits of trading futures like capital efficiency, with the accessibility of the stock market. Learn why Smalls are a simple yet exciting addition to your trading plan.
Available Products on The Small Exchange
Small Stocks 75 | SM75
Small Stocks 75 tracks millions of data points across the five major stock sectors to give you a truly active stock market.
Dow ends 360 points lower but Nasdaq notches 26th record of 2020 as investors find safety in tech - That was the headline July 9th and you can read the full article here.
Dave's short-term indicators are bearish for the September Dow Jones 30 E-mini (YMU20). Expect lower prices over the next 3 to 8 days.
Here is Dave's suggestion for trading this signal:
• Place a sell stop order on 7/10/2020 at 25600. This is the three-day average daily low price.
• If filled, place a trailing buy stop loss order at the three-day average high price. The buy stop for 7/10/2020 is at 26103. You will, of course, need to ratchet the stop loss price each day.
If you are not filled then my indicators were wrong and you never entered the trade.
This chart was prepared using our FREE E-Futures Int'l software, which you can demo for 28 days with real time data.
To access a free trial to the ALGOS shown in the chart ( "early trend identifier" included) along with other tools, visit and sign up for a free trial for 21 days with real time data.
Mini Dow Jones is one of my favorite markets for Day Trading because of the intraday range and movements. Be careful, these factors can work against you or in your favor.
The MICRO YM can be a great tool to use if you have a smaller account, just starting etc. The MICRO YM symbol is MYM and it is exactly one tenth the size of the YM for value, tick size, margins etc.
Mini Dow Jones Futures Specs Hours: 5:00 PM to 4:00 PM next day PM Central Time
Margins: $11770 initial, 10700 Maint. ( as of the date of this newsletter)
MICROS Margins: $1177 initial, $1070 Maint. ( as of the date of this newsletter)
Point Value: full point = $5 ( Example: 25665 to 25666 ). Min fluctuation is 1 = $5 (Example: 25665 to 25666)
Settlement: Cash on the open of the third Friday of each QUARTER ( June, Sep, Dec, March ) Months: Quarterly cycle, June, Sep, Dec, March. M,U,Z,H Weekly Options:YES
Some of the basic fundamentals to keep in mind when you are considering trading the YM or other indices for this matter:
1. Longer term view of current market prices
2. Dates and times of important reports. CPI, Housing, employment, FOMC are just some of the reports you need to watch for
3. Earning reports
4. U.S. Fiscal and Monetary Stability
Our brokers here at Cannon will be happy to chat about the MINI Dow Jones market, other indices, other futures, options, futures spreads and much more!
Feel free to contact us at any time.
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!
RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.