Are you using the right trading approach for your personality? life style? risk capital? Find out more by reading trading for your blood type. We also take another look at the volatile crude oil market along with current chart.
In This Issue
1. Are You Trading the Best Way for YOU?
2. Hot Market Report: Crude Oil Volatility Continues!
3. Economic Calendar
Too many clients are fixated with daytrading the stock index futures....There is so much more to trading and one should have an honest evaluation as to which vehicle, trading method or combination are most suitable for them based on their life style, personality, risk capital, time available and more!
Day-trading, swing trading, spreads, options, scalping, selling options, auto trading are just a few of the trading options available for traders out there...
What's Your Trading blood type?
Perhaps the greatest luxury I have in this business is the ability to observe
the experiences of many traders with different personalities, life
schedules and risk capital, each trading in a variety of markets. What
most astute brokers realize is that, over time, as some individuals prematurely
exit winners while others desperately cling to losers, it becomes
quite possible to match different "blood types" of those traders
with their correct "trading diets." Clearly, we're not talking the
medical blood type here, but in the figurative sense it makes the right
point. With practice, it's not too hard to determine blood types (type
of trading best suited to the individual) based on the personality of the
trader, and then prescribe a diet based on that individual trader's capital,
experience, risk profile and schedule.
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This week’s highlighted Market is Crude Oil. Crude Oil is part of the energy sector along with "it's" brothers "RBOB - Unleaded gas" and heating oil and cousin, natural gas. All traded on the NYMEX/GLOBEX exchange.
On a different note, Crude Oil futures are fastly becoming one of the more popular contracts for day-trading as volatility, speed, price fluctuations are all there for the double edge sword, day-traders love.
Keep in mind that the GLOBEX/NYMEX also offers the mini Crude oil contract which is half the size and may be a good alternative for smaller/ begginer traders.Source: Moore Research Center, Inc.
Date | Reports | Expiration & Notice Dates |
---|---|---|
01/10 Fri |
7:30 AM CST - Nonfarm Payrolls(Dec)
7:30 AM CST - Ave Workweek & Hourly Earnings(Dec) 7:30 AM CST - Unemployment Rate(Dec) 9:00 AM CST - Wholesale Inventories(Nov) 11:00 AM CST - WADSE Report & Crop Production(& Ann.) 11:00 AM CST - Winter Wheat Seedings 11:00 AM CST - Grains Stocks |
LT: Jan Orange Juice(ICE)
Jan Eurodollar Options(CME) Feb Coffee Options(ICE) |
01/13 Mon |
|
LT: Jan Eurodollar(CME)
Jan Mx Peso(CME) |
01/14 Tue |
7:30 AM CST - Core CPI & CPI(Dec)
3:30 PM CST - API Energy Stocks |
LT: Jan Canola(CBT)
Jan Rough Rice(CBT) Jan Soybeans,Soymeal,Soyoil(CBT) |
01/15 Wed |
6:00 AM CST - MBA Mortgage Index
7:30 AM CST - Core PPI & PPI(Dec) 7:30 AM CST - Empire State Manufacturing(Jan) 9:30 AM CST - EIA Petroleum Status Report 11:00 AM CST - NOPA Crush 2:00 PM CST - Dairy Products Sales |
LT: Jan Lumber(CME)
Feb Crude Lt Options(NYM) Feb Platinum & Palladium Options(NYM) Feb Sugar-11 Options(ICE) |
01/16 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Export(ex-ag) & Import(ex-oil) Prices(Dec) 7:30 AM CST - Retail Sales(Dec) 7:30 AM CST - Retail Sales Ex-Auto(Dec) 7:30 AM CST - Philadelphia Fed Index(Jan) 9:00 AM CST - Business Inventories(Nov) 9:00 AM CST - NAHB Housing Market Index(Jan) 9:30 AM CST - EIA Natural Gas Report 2:00 PM CST - Net Long-Term TIC Flows(Nov) 3:30 PM CST - Money Supply |
FN: Jan Lumber(CME)
|
01/17 Fri |
7:30 AM CST - Housing Start & Building Permits(Dec)
8:15 AM CST - Industrial Prod & Capacity Util(Dec) 9:00 AM CST - Univ of Michigan Consumer Sentiment-Prelim(Jan) |
LT: Jan Nikkei Options(CME)
Feb Orange Juice Options(ICE) |
01/20 Mon |
MARTIN LUTHER KING, JR DAY
|
|
01/21 Tue |
|
|
01/22 Wed |
6:00 AM CST - MBA Mortgage Index
8:00 AM CST - FHFA Housing Price Index(Jan) 9:00 AM CST - Existing Home Sales(Dec) 2:00 PM CST - Cold Storage 3:30 PM CST - API Energy Stocks |
|
01/23 Thu |
7:30 AM CST - Initial Claims-Weekly
9:30 AM CST - EIA Gas Storage 10:00 AM CST - EIA Petroleum Status Report 2:00 PM CST - Dairy Products Sales 2:00 PM CST - Milk Production 3:30 PM CST - Money Supply |
FN: Feb Crude Lt(NYM)
|
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!