During these times of historic volatility it is important to learn how to lose and we also look at NASDAQ futures chart and possible direction. Note that the MICRO contracts may be a good vehicle during this extreme volatility.
In This Issue
1. Trading 102: Learn to Lose
2. Hot Market Report: Stock Index Futures - What's ahead?
3. Economic Calendar
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Many different factors go into trading. Too many to discuss efficiently in one blog post. Some relate to trading techniques, other to money management, mental aspect, risk capital and much more.
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Mini NASDAQ 100 futures are part of the stock index family that includes mini SP 500, mini Russell, mini Dow, Mid cap, Nikkei and a few more. Most traded on the CME/CBOT/GLOBEX exchanges.
The NQ futures, mini nasdaq 100 have been the most volatile stock index instrument in my eyes. The moves in this market intraday, overnight and such have been historic. I suspect volatility will continue but slowly come down a bit... As far as direction of the market, and this is a pure personal opinion speculation, I think we will see a slight bounce over the next few days before the market attempts to test lows made last week.
With the historical volatility we are seeing, I would highly recommend looking at the MICRO contracts including the MICRO NQ which is 1/10th the size of the mini NASDAQ. The symbol is MNQ and you can read more about the MICROS here.
Source: Moore Research Center, Inc.
Date | Reports | Expiration & Notice Dates |
---|---|---|
03/06 Fri |
7:30 AM CST - Nonfarm Payrolls(Feb)
7:30 AM CST - Ave Workweek & Hourly Earnings(Feb) 7:30 AM CST - Unemployment Rate(Feb) 7:30 AM CST - Trade Balance(Jan) 9:00 AM CST - Wholesale Inventories(Jan) 2:00 AM CST - Consumer Credit(Jan) |
LT: Mar Canadian Dollar Options(CME)
Mar Currencies Options(CME) Mar Mx Peso Options(CME) Mar US Dollar Index Options(ICE) Mar Live Cattle Options(CME) Apr Cocoa Options(ICE) |
03/09 Mon |
|
LT: Mar Cotton(NYM)
|
03/10 Tue |
11:00 AM CDT - WASDE Report & Crop Production
3:30 PM CDT - API Energy Stocks |
|
03/11 Wed |
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Core CPI & CPI(Feb) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Products Sales |
LT: Mar Orange Juice(ICE)
|
03/12 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Core PPI & PPI(Feb) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
LT: Mar Nikkei(CME)
Mar Nikkei Options(CME) |
03/13 Fri |
7:30 AM CDT - Import(ex-oil) & Export(ex-ag) Prices(Feb)
7:30 AM CDT - Import & Export Prices(Feb) 9:00 AM CDT - Univ of Michigan Consumer Sent-Prelim(Mar) |
LT: Mar Canola(CBT)
Mar Wheat(CBT) Mar Corn(CBT) Mar Oats(CBT) Mar Rough Rice(CBT) Mar Soybeans,Soymeal,Soyoil(CBT) Mar Lumber(CME) Apr Coffee Options(ICE) |
03/16 Mon |
7:30 AM CDT - Empire State Manufacturing(Mar)
11:00 AM CDT - NOPA Crush 2:00 PM CDT - Net Long-Term TIC Flows(Jan) |
FN: Mar Lumber(CME)
LT: Mar Currencies(CME) Mar Eurodollar(CME) Mar Mx Peso(CME) Mar US Dollar Index(ICE) Mar Cocoa(ICE) Mar Eurodollar Options(CME) Apr Sugar-11 Options(ICE) |
03/17 Tue |
7:30 AM CDT - Retail Sales(Feb)
7:30 AM CDT - Retail Sales Ex-Auto(Feb) 8:15 AM CDT - Industrial Prod & Capacity Util(Feb) 9:00 AM CDT - Business Inventories(Jan) 9:00 AM CDT - NAHB Housing Market Index(Mar) 3:30 PM CDT - API Energy Stocks |
LT: Mar Canadian Dollar(CME)
Apr Crude Lt Options(NYM) |
03/18 Wed |
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Housing Starts & Building Permits(Feb) 9:30 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - FOMC Rate Decision(Mar) 2:00 PM CDT - Hop Stocks 2:00 PM CDT - Dairy Products Sales |
LT: Apr Platinum & Palladium Options(NYM)
|
03/19 Thu |
7:30 AM CDT - USDA Weeky Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Current Account Balance(Q4) 7:30 AM CDT - Philadelphia Fed Index(Mar) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Honey 2:00 PM CDT - Milk Production 3:30 PM CDT - Money Supply |
LT: Mar Coffee(ICE)
Mar S&P 500(CME) Mar S&P 500 Options(CME) |
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!