October 27, 2017 - Issue #897
In This Issue
1. Trading 101: Multiple Ways to Enter a Trade
2. Hot Market report: Crude Oil Turning Bullish?
3. Economic Calendar
1. Trading 101: Few Way to Enter a Trade
By Ilan Levy-Mayer, VP and Broker
Today I decided to touch more on an educational feature rather than provide a certain market outlook.
Many of my clients and blog readers know that when it comes to short term trading I am a fan of adjusting your trading technique/ game plan according to your assessment of the type of trading day that is developing in front of you.
There are so many different aspects to trading. From financial, fundamental, and emotional aspects of when to enter a trade, when to exit a trade and SO MUCH more in between.....
An important part of trading is trade entry. Assuming a trader knows why he/she is about to enter a trade the next step sounds simple right? simply buy or sell the contract you wish to trade....
Perhaps not so simple...read the rest
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2. Hot Market Report: Crude Oil Futures Break Through Resistance
By Cannon TradingClick on image below to enlarge
Crude Oil's climb higher continues, despite dollar strength. The bulls are bolstered by the strong US GPD number this Friday morning.
Market is getting overbought but broke resistance at $53.15. Also, chatter this Friday morning that OPEC will extend cuts. Supplies are still high but for the time being global growth is the story. Have a great weekend everybody and even a better trading week ahead.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 10/27 Fri |
7:30 AM CDT - Chain Deflator-Adv(Q3)
7:30 AM CDT - GDP-ADv(Q3) 9:00 AM CDT - Michigan Sentiment-Final(Oct) |
LT: Oct Copper(CMX)
Oct Gold & Silver(CMX) Oct Platinum & Palladium(NYM) Nov Natural Gas(NYM) Nov 2,5,10 Year Notes Options(CBT) Nov Bonds Options(CBT) Nov Canola Options(CBT) Nov Wheat Options(CBT) Nov Corn Options(CBT) Nov Oats Options(CBT) Nov Rough Rice Options(CBT) Nov Soybeans,Soymeal,Soyoil Options(CBT) |
| 10/30 Mon |
7:30 AM CDT - PCE Prices(Sep)
7:30 AM CDT - PCE Prices-Core(Sep) 7:30 AM CDT - Personal Income & Spending(Sep) |
FN: Nov Natural Gas(NYM)
|
| 10/31 Tue |
7:30 AM CDT - Employment Cost Index(Q3)
8:00 AM CDT - S&P Case-Shiller Home Price Index(Aug) 8:45 AM CDT - Chicago PMI(Oct) 9:00 AM CDT - Consumer Confidence(Oct) 3:30 PM CDT - API Energy Stocks |
FN: Nov Copper(CMX)
Nov Gold & Silver(CMX) Nov Platinum & Palladium(NYM) Nov Canola(CBT) Nov Soybeans(CBT) Nov Rough Rice(CBT) LT: Oct Butter(CME) Oct Milk(CME) Oct Live Cattle(CME) Oct Fed Funds(CME) Nov RBOB & ULSD(NYM) Oct Butter Options(CME) Oct Milk Options(CME) Oct Fed Funds Options(CME) Nov Lumber Options(CME) |
| 11/01 Wed |
6:00 AM CDT - MBA Mortgage Applications Index
7:15 AM CDT - ADP Employment Change(Oct) 9:00 AM CDT - Construction Spending(Sep) 9:00 AM CDT - ISM Index(Oct) 9:30 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - Auto & Truck Sales(Oct) 1:00 PM CDT - FOMC Rate Decision 2:00 PM CDT - Dairy Products Sales 2:00 PM CDT - Fats & Oils 2:00 PM CDT - Grain Crushings 2:00 PM CDT - Cotton System |
FN: Nov Orange Juice(ICE)
|
| 11/02 Thu |
6:30 AM CDT - Challenger Job Cuts(Oct)
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Productivity-Prel(Q3) 7:30 AM CDT - Unit Labor Costs(Q3) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
FN: Nov RBOB & ULSD(NYM)
|
| 11/03 Fri |
7:30 AM CDT - Ave Workweek & Hourly Earnings(Oct)
7:30 AM CDT - Nonfarm Payrolls(Oct) 7:30 AM CDT - Trade Balance(Sep) 7:30 AM CDT - Unemployment Rate(Oct) 9:00 AM CDT - Factory Orders(Sep) 9:00 AM CDT - ISM Services(Oct) |
LT: Nov Canadian Dollar Options(CME)
Nov Currencies Options(CME) Nov Mx Peso Options(CME) Nov US Dollar Index Options(ICE) Nov Live Cattle Options(CME) Dec Cocoa Options(ICE) |
| 11/06 Mon |
|
|
| 11/07 Tue |
2:00 PM CST - Consumer Credit(Sep)
3:30 PM CST - API Energy Stocks |
|
| 11/08 Wed |
6:00 AM CST - MBA Mortgage Purchase Index
9:30 AM CST - EIA Petroleum Status Report 2:00 PM CST - Dairy Products Sales |
|
| 11/09 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Intial Claims-Weekly 9:00 AM CST - Wholesale Inventories(Sep) 9:30 AM CST - EIA Natural Gas Report 11:00 AM CST - WASDE Report & Crop Production 3:30 PM CST - Money Supply |
LT: Nov Orange Juice(ICE)
|
| 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!
