Different markets for different traders along with gold rising as safe heaven
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
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.
From our friend Jim Wyckoff at JimWyckoff.com
Click on image below to enlarge
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
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 | ||
* 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!
