August 23, 2013 - Issue #699
In This Issue
1. Day Trading indicators and Algorithm free trial
2. Hot Market Review - U.S. Dollar Bulls Had a Good Week
3. Economic Calendar
1. Day Trading Indicators and Algorithm Free Trial
Below is a screen shot of the Mini Sp 500 and mini Russell 2000 charts from today's session ( Aug 23rd 2013)
The charts are sierra charts and the signals that appear are based on proprietary indicators developed by Ilan Levy-Mayer of LEVEX Capital Mgmt Inc. and VP of Cannon Trading Co, Inc.
The concept is a simple concept that looks for exhaustion in either buying/ selling and reversal. The signals that appear on the charts are alerting you for potential buy or sell IF/ONCE price confirmation occurred (crossing of the hull moving average). Full explanation along with chart samples included in the 23 page PDF booklets that comes with the free trial.
Click to enlarge screenshotsWould you like to have access to the DIAMOND and TOPAZ and 5T ALGOs as shown above and be able to apply for any market and any time frame on your own PC ? You can now have a three weeks free trial where the ALGO is enabled along with few studies for your own sierra/ ATcharts. The trial comes with a 23 page PDF booklet which explains the concepts, risks and methodology in more details.
TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS. THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
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Day Trading Indicators and Algorithm Free Trial
Cannon Trading respects your privacy and will never give this information to a 3rd party.2. Hot Market Review - U.S. Dollar Bulls Had a Good Week
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 U.S. dollar index is a basket of six major world currencies weighted against the greenback. The USDX is a key "outside market" that has an impact on many other markets, on a daily basis. See on the daily bar chart that the USDX bulls had a good week this week, but the bears remain in overall technical control as a downtrend is still in place. A move above solid technical resistance at the 82.000 level would provide the bulls with better upside technical momentum to begin to suggest a market bottom is in place for the index.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 08/26 Mon |
7:30 AM CDT - Durable Goods-Ex Transportation(Jul) 7:30 AM CDT - Durable Orders(Jul) |
|
| 08/27 Tues |
8:00 AM CDT - Case-Shiller 20-City Index(Jun) 9:00 AM CDT - Consumer Confidence(Aug) |
LT: Sep Copper Options(CMX) Sep Gold Options(CMX) Sep Silver Options(CMX) Sep Heating Oil Options(NYM) Sep RBOB Gasoline Options(NYM) Sep Natural Gas Options(NYM) |
| 08/28 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index 9:00 AM CDT - Pending Home Sales(Jul) 9:30 AM CDT - API & DOE Energy Stats 3:00 PM CDT - Dairy Products Sales |
LT: Aug Copper(CMX) Aug Gold(CMX) Aug Silver(CMX) Aug Platinum(NYM) Aug Palladium(NYM) Sep Natural Gas(NYM) |
| 08/29 Thurs |
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - GDP-Second Estimate(Q2) 7:30 AM CDT - GDP Deflator-Second Estimate(Q2) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Sep Natural Gas(NYM) LT: Aug Feeder Cattle(CME) Aug Feeder Cattle Options(CME) |
| 08/30 Fri |
7:30 AM CDT - PCE Prices-Core(Jul) 7:30 AM CDT - Personal Income & Spending(Jul) 8:45 AM CDT - Chicago PMI(Aug) 8:55 AM CDT - Michigan Sentiment-Final(Aug) |
FN: Sep 2,3,5,10 Year Notes(CBT) Sep Bonds(CBT) Sep Copper,Gold,Silver(CMX) Sep Platinum,Palladium(NYM) Sep Wheat,Oats,Corn(CBT) Sep Rough Rice(CBT) Sep Soybeans,Soymeal,Soyoil(CBT) LT: Aug Fed Funds(CME) Aug Live Cattle(CME) Sep Heating Oil(NYM) Sep RBOB Gasoline(NYM) Aug Fed Funds Options(CME) Sep Lumber Options(CME) |
| 09/02 Mon |
LABOR DAY |
* 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!
