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May 19th, 2017 Newsletter

Different markets for different traders along with gold rising as safe heaven

May 19th 2017 - Issue #876

In This Issue

1. Day Trading 102: Different Markets for Day Trading
2. Hot Market Report: Gold Pops on Safe-Haven Demand Amid Trump Turmoil
3. Economic Calendar

Different Markets for Day trading

Different market, different trading environments


Each market has different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES ( mini SP) is not giving you enough risk/opportunities then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.
There are more than a few markets I think are suitable for day-trading. Below you will find some observations, tips along with what is unique about these markets, personality and most active trading hours.

To read my notes about markets such as bonds, crude oil, gold, currencies and more, please fill out the short form

 

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2. Hot Market: Gold Pops on Safe-Haven Demand Amid Trump Turmoil

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

gold futures; The gold market has shot higher this week on safe-haven demand amid a near-crisis in the Trump Administration. The Trump turmoil will likely get worse before it gets better, and that's good news for the gold market bulls

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
05/19
Fri
2:00 PM CDT - Milk Production
 
 
 
LT: May Nikkei Options(CME)
May Russell Options(CME)
Jun Orange Juice Options(ICE)
05/22
Mon
2:00 PM CDT - Cold Storage
 
 
 
LT: Jun Crude Lt(NYM)
 
 
 
05/23
Tue
9:00 AM CDT - New Home Sales(Apr)
3:30 PM CDT - API Energy Stocks
 
 

 
 
 
05/24
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
8:00 AM CDT - FHFA Housing Price Index(Mar)
9:00 AM CDT - Existing Home Sales(Apr)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Product Sales
FN: Jun Crude Lt(NYM)
 
 
 
05/25
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply
LT: May Feeder Cattle(CME)
May Feeder Cattle Options(CME)
Jun Copper Options(CMX)
Jun Gold & Silver Options(CMX)
Jun Natural Gas Options(NYM)
Jun RBOB & ULSD Options(NYM)
05/26
Fri
7:30 AM CDT - Durable Goods-Ex Transportation(Apr)
7:30 AM CDT - Durable Orders(Apr)
7:30 AM CDT - GDP-Second Estimate(Q1)
7:30 AM CDT - GDP Deflator-Second Estimate(Q1)
9:00 AM CDT - Michigan Sentiment-Final(May)
2:00 PM CDT - Cattle On Feed
LT: May Copper(CMX)
May Gold & Silver(CMX)
May Platinum & Palladium(NYM)
Jun Natural Gas(NYM)
Jun 2,5,10 Year Notes Options(CBT)
Jun Bonds Options(CBT)
Jun Canola Options(CBT)
Jun Wheat Options(CBT)
Jun Corn Options(CBT)
Jun Oats Options(CBT)
Jun Rough Rice Options(CBT)
Jun Soybeans,Soymeal,Soyoil Options(CBT)
05/29
Mon
MEMORIAL DAY
 
 
 

 
 
 
05/30
Tue
7:30 AM CDT - PCE-Prices(Apr)
7:30 AM CDT - PCE-Prices-Core(Apr)
7:30 AM CDT - Personal Income & Spending(Apr)
9:00 AM CDT - Consumer Confidence(May)
FN: Jun Natural Gas(NYM)
 
 
 
05/31
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
8:45 AM CDT - Chicago PMI(May)
9:00 AM CDT - Pending Home Sales(Apr)
1:00 PM CDT - Fed's Beige Book(May)
3:30 PM CDT - API Energy Stocks'
FN: Jun 2,5,10 Year Notes(CBT)
Jun Bonds(CBT)
Jun Copper(CMX)
Jun Gold & Silver(CMX)
Jun Platinum & Palladium(NYM)
LT: May Butter(CME)
May Milk(CME)
May Fed Funds(CME)
Jun RBOB & ULSD(NYM)
May Butter Options(CME)
May Milk Options(CME)
May Fed Funds Options(CME)
Jun Lumber Options(CME)
06/01
Thu
6:30 AM CDT - Challenger Job Cuts(May)
7:15 AM CDT - ADP Employment Change(May)
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Productivity-Rev(Q1)
9:00 AM CDT - Construction Spending(Apr)
9:00 AM CDT - ISM Index(May)
9:30 AM CDT - EIA Natural Gas Report
10:00 AM CDT - EIA Petroleum Status Report
1:00 PM CDT - Auto & Truck Sales
2:00 PM CDT - Dairy Products Sales
2:00 PM CDT - Cotton System
2:00 PM CDT - Fats & Oils
2:00 PM CDT - Grain Crushings
3:30 PM CDT - Money Supply

 
 
 
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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