Nov. 30, 2012 - Issue #662
In This Issue
1. Trader's Resource Corner - Financials, Grains and Metals Rollover
2. Hot Market Review - U.S T Bonds
3. Economic Calendar
1. Traders Resource Corner - Financials, Grains and Metals Rollover
If you are trading metals ( gold, silver), financials ( ten years, bonds etc.) or grains ( wheat, corn, beans etc.), please keep in mind that the December contract is going into DELIVERY and you must be out of December and start trading the March contract ( for most markets) please contact us with any questions.
This DOES NOT apply to stock indices ( mini SP 500, mini Russell etc.) or currencies which still have a couple of weeks and I will send a separate update.
2. Hot Market Review: US Treasury Bonds ( T Bonds)
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
March U.S. Treasury bond futures prices have seen a good rebound recently, to re-establish an uptrend on the daily bar chart. The U.S. Treasury market bulls have been fueled by safe-haven investment demand due to the "fiscal cliff" worries in the U.S., the European Union sovereign debt crisis, and the tensions in the Middle East. As has been the case for many months, the bond market bulls do not roll over easily and continue to show resilience.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 12/03 Mon |
9:00 AM CST - Construction Spending(Oct)
9:00 AM CST - ISM Index(Nov) 1:00 PM CST - Auto & Truck Sales(Nov) |
|
| 12/04 Tues |
FN: Dec Heating Oil(NYM)
Dec RBOB Gasoline(NYM) |
|
| 12/05 Wed |
6:00 AM CST - MBA Mortgage Purchase Index
7:15 AM CST - ADP Employment Change 7:30 AM CST - Dairy Products Prices 7:30 AM CST - Productivity-Rev(Q3) 9:00 AM CST - Factory Orders(Oct) 9:00 AM CST - ISM Services(Nov) 9:30 AM CST - API & DOE Energy Stats |
|
| 12/06 Thurs |
6:30 AM CST - Challenger Job Cuts(Nov)
7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
LT: Dec Cotton(NYM) |
| 12/07 Fri |
7:30 AM CST - Ave Workweek & Hourly Earnings(Nov)
7:30 AM CST - Nonfarm Payrolls(Nov) 7:30 AM CST - Unemployment Rate(Nov) 8:55 AM CST - Mich Sentiment(Dec) 2:00 PM CST - Consumer Credit(Oct) |
LT: Dec Canadian Dollar Options(CME)
Dec Currencies Options(CME) Dec US Dollar Index Options(ICE) Dec Live Cattle Options(CME) Jan Cocoa Options(ICE) |
| 12/10 Mon |
FN: Dec Live Cattle(CME)
LT: Jan Sugar-16(ICE) |
* 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!
