Bitcoin futures are coming and interview with Carolyn Boroden

November 17th, 2017 Newsletter

Bitcoin futures are coming to the CME as early as few weeks. View a chart of the bitcoin Realtime Index, which will be the underlying index for the futures contract. Read an interview with Carolyn Boroden,

November 17, 2017 - Issue #900

In This Issue

1. Trader's Interview: Carolyn Boroden,
2. Hot Market report: BRTI - Bitcoin RealTime Index
3. Economic Calendar

ThanksGiving Holiday Trading Schedule - Happy Holiday!!

1. Trader's Interview: Carolyn Boroden,

Carolyn Boroden Interview with Ilan Levy Mayer

Carolyn Boroden is a Commodity Trading Advisor and technical analyst who has been involved in the trading industry for over 25 years. Her background includes working on the major trading floors including the Chicago Mercantile Exchange, the CBOT, NYFE and COMEX, where she eventually shifted over to focusing on technical analysis of the markets.

Carolyn Boroden

Ilan: Tell us a little bit about your trading background and how you got started trading.

Carolyn: My entry to this business was not typical. I never planned on it. I started on Wall Street at 18 years old as a secretary/gopher to the Government bond department of Donaldson Lufkin and Jenrette. My only real skill at that point was typing. Since I was always willing to work hard they gave me an opportunity to move to Chicago when I was 20 to work on the trading floor of the Chicago Mercantile Exchange working with Financial Futures. When I moved to Chicago I took a basic course in Technical Analysis of the markets and was hooked. The rest is history. I currently provide market analysis based on Fibonacci ratios and market patterns. I also teach those who want to learn to do this analysis on their own.

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2. Hot Market Report: Bitcoin RealTime Index ( Bitcoin futures are almost here)

By Mark O'Brien, Senior Broker

Click on image below to enlarge

BitCoin futures; What was once a digital currency that attracted a small following of cryptocurrency enthusiasts is now an asset into which many financial institutions are looking to expand. And it didn’t take long for the world’s largest futures exchange, CME Group, to recognize the opportunity to participate in Bitcoin’s growth with the launch of its Bitcoin futures contract. This marks the involvement of a major player in the cryptocurrency space and offers traders a solid option when it comes to trading cryptocurrencies. And because the product is traded and cleared on a regulated exchange, it could attract larger institutional investors, creating more liquidity and expanding the market. Traders not only will be able to participate in Bitcoin’s price increase via long positions in the Bitcoin futures contract, they can also play the short side or hedge against outright Bitcoin positions. Considering Bitcoin has seen three price swings of 20% or more just in the last month, volatility seekers may find the futures contract alluring. That certainly indicates the CME is approaching this launch with diligence. Since Bitcoin’s value is essentially disconnected from what one clearing firm executive termed, any "economic reality or circumstance in the real world," the question arises: what are the outer limits of the asset’s volatility? It’s a valid and cautionary inquiry. The contract’s specifications include a cash settlement of the futures contract, intra-day price fluctuation limits similar to those in place for stock index futures. Pending regulatory review, look for the CME to open trading by the end of the year. The chart here is of the BRTI - Bitcoin realtime index, which will be the underlying index for nthe futures contract.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
7:30 AM CST - Building Permits & Housing Starts(Oct)
2:00 PM CST - Cattle On Feed
LT: Nov Nikkei Options(CME)
Nov Russell Options(CME)
Dec Orange Juice Options(ICE)
2:00 PM CST - Milk Production
LT: Dec Crude Lt(NYM)
9:00 AM CST - Existing Home Sales(Oct)
3:30 PM CST - API Energy Stocks
FN: Dec Coffee(ICE)
6:00 AM CST - MBA Mortgage Applications Index
7:30 AM CST - Durable Goods Ex-Transportation(Oct)
7:30 AM CST - Durable Orders(Oct)
7:30 AM CST - Initial Claims-Weekly
9:00 AM CST - Michigan Sentiment-Final(Nov)
9:30 AM CST - EIA Petroleum Status Report
10:00 AM CST - EIA Natural Gas Report
2:00 PM CST - Cold Storage
2:00 PM CST - Dairy Products Sales
FN: Dec Crude Lt(NYM)

7:30 AM CST - USDA Weekly Export Sales
FN: Dec Cotton(NYM)
LT: Dec 2,5,20 Year Notes Options(CBT)
Dec Bonds Options(CBT)
Dec Canola Options(CBT)
Dec Wheat Options(CBT)
Dec Corn Options(CBT)
Dec Rough Rice Options(CBT)
Dec Oats Options(CBT)
Dec Soybeans,Soymeal,Soyoil Options(CBT)
9:00 AM CST - New Home Sales(Oct)
LT: Dec Copper Options(CMX)
Dec Gold & Silver Options(CMX)
Dec Natural Gas Options(NYM)
Dec RBOB & ULSD Options(NYM)
8:00 AM CST - FHFA Housing Price Index(Sep)
9:00 AM CST - Consumer Confidence(Nov)
3:30 PM CST - API Energy Stocks
LT: Nov Butter(CME)
Nov Milk(CME)
Nov Copper(CMX)
Nov Gold & Silver(CMX)
Nov Platinum & Palladium(NYM)
Dec Natural Gas(NYM)
Nov Butter Options(CME)
Nov Milk Options(CME)

6:00 AM CST - MBA Mortgage Purchase Inex
7:30 AM CST - GDP-Second Estimate(Q3)
7:30 AM CST - GDP Deflator-Second Estimate(Q3)
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

7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
7:30 AM CST - PCE Prices(Oct)
7:30 AM CST - PCE Prices-Core(Oct)
7:30 AM CST - Personal Income & Spending(Oct)
8:45 AM CST - Chicago PMI(Nov)
9:30 AM CST - EIA Natural Gas Report
3:30 PM CST - Money Supply
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 Oats(CBT)
Dec Corn(CBT)
Dec Soymeal & Soyoil(CBT)
LT: Nov Fed Funds(CME)
Nov Fed Funds Options(CME)
Dec Lumber Options(CME)
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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