ESZ20 sitting on major pivot level along with learning how to lose before you can have a good chance of being a futures trade
In This Issue
1. To Become a Winning Trader, you Must Learn How to Lose...
2. Hot Market Report: ES Futures Sitting on Major Pivot Line
3. Economic Calendar
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.
Click on image below to enlarge
Mini SP 500 futures are part of the stock index family that includes mini NASDAQ, mini Russell, mini Dow, Mid cap, Nikkei and a few more. Most traded on the CME/CBOT/GLOBEX exchanges..
After making all-time highs a few weeks ago, the SP 500 along with the rest of the stock market are taking a "break"....The big question is will this break be a short one and uptrend resumes or will this be a more meaningful correction.
for a much larger correction in the weeks to come. I am using both Elliott Wave as well as some proprietary indicators and ALGOS I created and use. At the time of writing the ESZ20 is sitting right at that level...Very interesting to follow here in the next few weeks.
With the historical volatility we are seeing, I would highly recommend looking at the MICRO contracts including the MICRO ES which is 1/10th the size of the mini SP. The symbol is MES and you can read more about the MICROS here.
Source: Moore Research Center, Inc.
Date | Reports | Expiration & Notice Dates |
---|---|---|
09/17 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Housing Starts & Building Permits(Aug) 7:30 AM CDT - Philadelphia Fed Index(Sep) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Milk Production 3:30 PM CDT - Money Supply |
LT: Sep S&P 500(CME)
Sep S&P 500 Options(CME) Oct Crude Lt Options(NYM) |
09/18 Fri |
7:30 AM CDT - Current Account Balance(Q2)
9:00 AM CDT - Leading Indicators(Aug) 9:00 AM CDT - Univ of Mich Consumer Sent-Prelim(Sep) |
LT: Sep E-Mini Dow(CME)
Sep E-Mini S&P 500(CME) Sep E-Mini NASDAQ(CME) Sep Russell(CME) Sep Coffee(ICE) 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 Orange Juice Options(ICE) |
09/21 Mon |
3:00 PM CDT - Crop Progress
|
LT: Sep 10 Year Notes(CBT)
Sep Bonds(CBT) |
09/22 Tue |
9:00 AM CDT - Existing Home Sales(Aug)
2:00 PM CDT - Cold Storage 3:30 PM CDT - API Energy Stocks |
LT: Oct Crude Lt(NYM)
|
09/23 Wed |
6:00 AM CDT - MBA Mortgage Index
8:00 AM CDT - FHFA Housing Price Index(Sep) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Product Sales |
|
09/24 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - New Home Sales(Aug) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Hogs & Pigs 3:30 PM CDT - Money Supply |
FN: Oct Cotton(NYM)
Oct Crude Lt(NYM) LT: Sep Feeder Cattle(CME) Sep Feeder Cattle Options(CME) Oct Copper Options(CMX) Oct Gold Options(CMX) Oct Silver Options(CMX) |
09/25 Fri |
7:30 AM CDT - Durable Goods-Ex Transportation(Aug)
7:30 AM CDT - Durable Orders(Aug) 2:00 PM CDT - Cattle On Feed |
LT: Sep Bitcoin(CME)
Oct 2,5,10 Year Notes Options(CBT) Oct Bonds Options(CBT) Oct Canola Options(CBT) Oct Wheat Options(CBT) Oct Corn Options(CBT) Oct Oats Options(CBT) Oct Rough Rice Options(CBT) Oct Soybeans,Soymeal,Soyoil Options(CBT) Oct Natural Gas Options(NYM) Oct RBOB & ULSD Options(NYM) |
09/28 Mon |
3:00 PM CDT - Crop Progress
|
LT: Sep Copper(CMX)
Sep Gold & Silver(CMX) Sep Platinum & Palladium(NYM) Oct Natural Gas(NYM) |
09/29 Tue |
8:00 AM CDT - S&P Case-Shiller Home Price Index(Jul)
9:00 AM CDT - Consumer Confidence(Sep) 3:30 PM CDT - API Energy Stocks |
|
09/30 Wed |
6:00 AM CDT - MBA Mortgage Index
7:15 AM CDT - ADP Employment Change(Sep) 7:30 AM CDT - GDP & GDP Deflator-Third Estimate(Q2) 8:45 AM CDT - Chicago PMI(Sep) 9:00 AM CDT - Pending Home Sales(Aug) 9:30 AM CDT - EIA Petroleum Status Report 11:00 AM CDT - Grain Stocks 11:00 AM CDT - Small Grains Summary 2:00 PM CDT - Dairy Products Sales |
FN: Oct Copper(NYM)
Oct Gold & Sliver(CMX) Oct Platinum & Palladium(NYM) Oct Soymeal & Soyoil(CBT) LT: Sep 2,5 Year Notes(CBT) Sep Black Sea Wheat(CME) Sep Fed Funds(CME) Oct RBOB & ULSD(NYM) Oct Sugar-11(ICE) Sep Black Sea Wheat Options(CME) Sep Fed Funds Options(CME) Oct Lumber 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!