September 9th, 2016 - Issue #844
In This Issue
Announcements: December is now FRONT month for stock index futures.
1. Different Markets for Day trading
2. Hot Market report: Dollar Index Bulls Struggling
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.
Interest rates, mostly the 10 year and 30 year.
In most platforms, the symbols are ZB for 30 year bonds and ZN for 10 year notes.
To access Different Markets for Day trading, please fill out this form.
Cannon Trading respects your privacy and will never give this information to a 3rd party.2. Hot Market Report - Greenback Bulls Having a Bad 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. This week's downside price action in the dollar index has given the bears some fresh technical momentum. However, prices remain trapped in a sideways trading range, defined by the support and resistance levels seen on the chart. The direction in which prices "break out" of the aforementioned trading range will likely be the direction of the next significant price trend in the U.S. dollar index.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 09/09 Fri |
7:30 AM CDT - USDA Weekly Export Sales
9:00 AM CDT - Wholesale Inventories(Jul) |
LT: Sep Canadian Dollar Options(CME)
Sep Currencies Options(CME) Sep Mx Peso Options(CME) Sep US Dollar Index Options(ICE) Oct Coffee Options(ICE) |
| 09/12 Mon |
11:00 AM CDT - WASDE Report & Crop Production
|
LT: Sep Orange Juice(ICE)
|
| 09/13 Tue |
1:00 PM CDT - Treasury Budget(Aug)
|
|
| 09/14 Wed |
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Export & Import Sales(Aug) 9:30 AM CDT - API & DOE Energy Stats 2:00 PM CDT - Dairy Products Sales |
LT: Sep Wheat(CBT)
Sep Corn(CBT) Sep Oats(CBT) Sep Rough Rice(CBT) Sep Soybeans,Soymeal,Soyoil(CBT) |
| 09/15 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - PPI & Core PPI(Aug) 7:30 AM CDT - Current Account Balance(Q2) 7:30 AM CDT - Empire Manufacturing(Sep) 7:30 AM CDT - Philadelphia Fed(Sep) 7:30 AM CDT - Retail Sales(Aug) 7:30 AM CDT - Retail Sales Ex-Auto(Aug) 8:15 AM CDT - Capacity Util & Industrial Prod(Aug) 9:00 AM CDT - Business Inventories(Jul) 9:30 AM CDT - EIA Gas Storage 11:00 AM CDT - NOPA Crush |
LT: Sep Cocoa(ICE)
Sep Lumber(CME) Sep S&P 500(CME) Sep S&P 500 Options(CME) Oct Crude Lt Options(NYM) Oct Sugar-11 Options(ICE) |
| 09/16 Fri |
7:30 AM CDT - Core CPI & CPI(Aug)
9:00 AM CDT - Mich Sentiment(Sep) 3:00 PM CDT - Net Long-Term TIC Flows(Jul) |
FN: Sep Lumber(CME)
LT: Sep E-Mini Dow(CME) Sep E-Mini S&P 500(CME) Sep E-Mini NASDAQ(CME) Sep Russell(CME) Sep E-Mini Dow Options(CME) Sep E-Mini S&P 500 Options(CME) Sep E-Mini NASDAQ Options(CME) Sep Russell Options(CME) Oct Cotton Options(NYM) Oct Orange Juice Options(ICE) |
| 09/19 Mon |
9:00 AM CDT - NAHB Housing Market Index(Sep)
|
LT: Sep Currencies(CME)
Sep Eurodollar(CME) Sep Mx Peso(CME) Sep US Dollar Index(ICE) Sep Eurodollar Options(CME) |
| 09/20 Tue |
7:30 AM CDT - Building Permits & Housing Starts(Aug)
2:00 PM CDT - Milk Production |
FN: Sep US Dollar Index(ICE)
LT: Sep Canadian Dollar(CME) Sep Coffee(ICE) Oct Crude Lt(NYM) |
| 09/21 Wed |
6:00 AM CDT - MBA Mortgage Index
9:30 AM CDT - API & DOE Energy Stats 1:00 PM CDT - FOMC Rate Decision(Sep) 2:00 PM CDT - Dairy Products Sales |
LT: Sep 10 Year Notes(CBT)
Sep Bonds(CBT) Oct Platinum & Palladium Options(NYM) |
| 09/22 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 8:00 AM CDT - FHFA Hosing Price Index(Jul) 9:00 AM CDT - Existing Home Sales(Aug) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Oct Crude Lt(NYM)
|
| 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!
