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July 26th, 2019 Newsletter

This week's Cannon Trading Futures Weekly newsletter offers the following: Eight simple steps to improve your trading, specifically, day trading futures and commodities. Take a look at Crude Oil Review along with economic reports coming out next week.

August 2nd, 2019 - Issue #976

In This Issue

1. Trading 201: Day Trading Alerts and Newsletter via Email
2. Hot Market Report: Stock Index Futures Selling Off
3. Economic Calendar

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1. Trading 201: Day Trading Alerts and Newsletter via Email

The Edge, daily trading signals newsletter FREE 3 months trial

 


A veteran client and trader once remarked "Just tell me WHICH market to trade on any specific day and WHAT direction and I can trade the heck out of it...." Well, the Edge by ExitPoints.com does exactly that. The ExitPoints EDGE email will let you know the night before what markets to focus on and which direction the market is expected to move. From that point you can more confidently create your trading plan and utilize your trading prowess to capture opportunities. (*Futures Trading is Risky)
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2. Hot Market Report: Stock Index Futures Sell Off Following Trump Twitt

By Joe Easton, Senior Broker

Click on image below to enlarge

ES futures;

This week’s highlighted Market is mini SP 500 futures.Part of the stock index family that includes mini NASDAQ 100, mini Russell, mini Dow, Mid cap, Nikkei and a few more. Most traded on the CME/CBOT/GLOBEX exchanges.


Crude has found its new range, after seeing prices in the 70's ranges followed by a drop down into the 40’s Crude has settled between the price of 50 and 60 and seems to be relative stable and comfortable in that zone. Resistances in both ways seem fairly strong due to a slight calm down on government and OPEC news and price has settled in the range between $54 and 60 with a sideways trend recently. Unless we have fresh news coming on the Geo Political front, I see Crude trading in the 54-60 range for the next few weeks. Which will break first: Resistance or Support? I personally believe the tendency for a breakout to the upside is slightly bigger since if we look at the overall trend since beginning of this year we are still in a “up” trend . Chart analysis shows a rough draft of a slight unclear W formation which could signalize a trend to the upside. Although there are a few uncertainties to it, we are talking about a market that is known for its volatility and if we gain more movement back after this sideways trend we can definitely go both ways. This chart was prepared using our FREE platform, E-Futures Int'l, availablefor 28 days DEMO with real-time data.

Mini SP500 Futures Specs
Hours: 5:00 PM to 4:00 PM next day PM Central Time
Margins: $6600 initial, 6000 Maint. ( as of the date of this newsletter)
Point Value: full point = $50 ( Example: 2819.00 to 2820.00 ). Min fluctuation is 0.25 = $12.50 ( Example: 2819.00 to 2819.25) Settlement: Cash on the open of the third Friday of each QUARTER ( June, Sep, Dec, March )
Months: Quarterly cycle, June, Sep, Dec, March. M,U,Z,H
Weekly Options:YES
Mini SP 500 is one of my favorite markets for Day Trading because of the intraday range and movements. Be careful, these factors can work against you or in your favor.
Some of the basic fundamentals to keep in mind when you are considering trading the NQ or other indices for this matter:
1. Longer term view of current market prices
2. Dates and times of important reports. CPI, Housing, employment, FOMC are just some of the reports you need to watch for
3. Earning reports
4. U.S. Fiscal and Monetary Stability

Our brokers here at Cannon will be happy to chat about the MINI SP500 market, other indices, other futures, options, futures spreads and much more! Feel free to contact us at any time.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
08/02
Fri
7:30 AM CDT - Ave Workweek & Hourly Earnings(Jul)
7:30 AM CDT - Nonfarm Payrolls(Jul)
7:30 AM CDT - Trade Balance(Jun)
7:30 AM CDT - Unemployment Rate(Jul)
9:00 AM CDT - Factory Orders(Jun)
9:00 AM CDT - Univ of Mich Consumer Sent-Final(Jul)
FN: Aug RBOB & ULSD(NYM)
LT: Aug Live Cattle Options(CME)
Sep Cocoa Options(ICE)
08/05
Mon
9:00 AM CDT - ISM Non-Manufacturing Index(Jul)
3:00 PM CDT - Crop Progress
 
 
FN: Aug Live Cattle(CME)
 
 
 
08/06
Tue
3:30 PM CDT - API Energy Stocks
 
 
 

 
 
 
08/07
Wed
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Consumer Credit(Jun)
2:00 PM CDT - Dairy Products Sales
 

 
 
 
08/08
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: Sep Sugar-16(ICE)
 
 
 
08/09
Fri
7:30 AM CDT - Core PPI & PPI(Jul)
 
 
 
FN: Sep Sugar-16(ICE)
LT: Aug Canadian Dollar Options(CME)
Aug Currencies Options(CME)
Aug Mx Peso Options(CME)
Aug US Dollar Index Options(ICE)
Sep Coffee Options(ICE)
08/12
Mon
11:00 AM CDT - WADSE Report & Crop Production
1:00 PM CDT - Treasury Budget(Jul)
3:00 PM CDT - Crop Progress
 

 
 
 
08/13
Tue
7:30 AM CDT - Core CPI & CPI(Jul)
3:30 PM CDT - API Energy Stocks
 
 

 
 
 
08/14
Wed
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Export(ex-ag) & Import(ex-oil) Prices(Jul)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Product Sales
LT: Aug Lean Hogs(CME)
Aug Soybeans,Soymeal,Soyoil(CBT)
Aug Lean Hogs Options(CME)
08/15
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Empire State Manufacturing(Aug)
7:30 AM CDT - Philadelphia Fed Index(Aug)
7:30 AM CDT - Productivity-Prel(Q2)
7:30 AM CDT - Retail Sales(Jul)
7:30 AM CDT - Retail Sales Ex-Auto(Jul)
8:15 AM CDT - Capacity Util & Industrial Prod(Jul)
9:00 AM CDT - Business Inventories(Jun)
9:30 AM CDT - EIA Natural Gas Report
11:00 AM CDT - NOPA Crush
3:00 PM CDT - Net Long Term TIC Flows
3:30 PM CDT - Money Supply
LT: Sep Crude Lt Options(NYM)
Sep Sugar-11 Options(ICE)

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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