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September 27th, 2019 Newsletter

Free 93 page guide to trading futures and options published by the NFA and available for immediate download as a PDF. We take a look at TBonds as a solid market for daytrading with large tick size and lower trading fees.

September 27th, 2019 - Issue #983

In This Issue

1. Free, Instant 93 Page eBook on Futures & Options
2. Hot Market Report: TBond Futuresan Excellent Contract for Day-trading
3. Economic Calendar

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1. Trading 101: Opportunities and Risk, an Educational Guide to Trading Futures and Options

93 page PDF eBook available for instant download

*Learn about futures basics

*Learn about options basics

*Margins and margin calculations

*Spreads

*Options spreads and calculations

*Trading Strategies

*Regulations

*Much More!

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2. Hot Market Report: 30 Year US Treasury Bonds Offers another Vehicle fopr day-trading

By Ilan Levy-Mayer, VP

Click on image below to enlarge

us treasury 30 yr futures; The US 30 year treasury bond market belongs to the "interest rate family" 10 year, 5 year, 2 year notes, the "Ultra bond" and others. All traded on the CBOT exchange.

Bonds have been on a strong uptrend past few months with some large moves day to day as well as intraday. Rather than talk about the longer term and what moves bonds these days ( i.e. rates, global instability, Trump etc.) I want to talk about bonds as one of the better markets in my opinion for day-trading


Hourly chart of T-Bond Futures for your review from this morning ( Sept. 27th 2019). Bonds are a very liquid market with a relatively LARGE tick size of $31.25. Bonds alos have some of the LOWEST exchange fees in the futures markets which make the total cost of trading it cheaper than the mini SP or crude oil for example. This market offers different type of day-trading vehicle. Different behavior and personality. I like to look for set ups in this market and the 10 year notes in different ways. One is trying to "SCALP" the large tick size and the other, which I prefer is to look for "longer day trades " using the 15, 30 and 60 minutes charts. If you are a day-trader, you may want to watch this market, get a feel for the different type of trading it offers versus Indices or crude oil for example and see if it is a "worthy" market to add to your day-trading markets list. It goes without saying that bonds are an excellent market for options, swing trading and long term trading as well with 23 hours trading, strong volume and excellent liquidity. To access a free trial to the ALGOS shown in the chart visit and sign up for a free trial for 21 days with real-time data.
30 yr Treasury Bond Futures Specs
Hours: 05:00 PM previous day to 4:00 PM Central Time
Margins: $3330 initial, $3000 Maint. ( as of the date of this newsletter)
Point Value: full point = $1000 ( Example: 144.16 to 145.16 ). Min fluctuation is 0.01 = $31.25 ( Example: 144.16-144.17) Settlement: Physical Delivery
Months: Quarterly (March,June,Sep,Dec) Weekly Options:YES

Some of the basic fundamentals to keep in mind when you are considering trading the U.S.30yr Treasury Bonds for this matter:
1. Interest Rates.
2. FOMC Rate decisions and Language
3. Focus in macroeconomics
4. Bond Prices have an inverse relationship to Interest rates
5. Correlation to US Dollar prices
6. Inflationary prospects
7. Geopolitical Stability
8. U.S. Fiscal and Monetary Stability

Our brokers here at Cannon will be happy to chat about the Bond market, other interest rate products, 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
09/27
Fri
7:30 AM CDT - Durable Goods-Ex Transportation(Aug)
7:30 AM CDT - Durable Orders(Aug)
7:30 AM CDT - Personal Income & Spending(Aug)
7:30 AM CDT - PCE Price Index(Aug)
7:30 AM CDT - Core PCE Price Index(Aug)
9:00 AM CDT - Univ of Mich Consumer Sent-Final(Sep)
2:00 PM CDT - Hogs & Pigs
FN: Oct Natural Gas(NYM)
LT: Sep Bitcoin(CME)
 
 
09/30
Mon
8:45 AM CDT - Chicago PMI(Sep)
11:00 AM CDT - Grain Stocks
11:00 AM CDT - Small Grains Summary
3:00 PM CDT - Crop Progress
FN: Oct Copper(CMX)
Oct Gold & Silver(CMX)
Oct Platinum & Palladium(NYM)
Oct Soymeal & Soyoil(CBT)
LT: Sep 2,5 Year Notes(CBT)
Sep Fed Funds(CME)
Oct RBOB & ULSD(NYM)
Oct Sugar-11(ICE)
Sep Fed Funds Options(CME)
Oct Lumber Options(CME)
10/01
Tue
9:00 AM CDT - ISM Manufacturing Index(Sep)
9:00 AM CDT - Construction Spending(Aug)
2:00 PM CDT - Cotton System
2:00 PM CDT - Grain Crushings
2:00 PM CDT - Fats & Oils
3:30 PM CDT - API Energy Stocks
FN: Oct Sugar-11(ICE)
LT: Sep Butter(CME)
Sep Milk(CME)
Sep Butter Options(CME)
Sep Milk Options(CME)
10/02
Wed
6:00 AM CDT - MBA Mortgage Index
7:15 AM CDT - ADP Employment Report(Sep)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Products Sales
FN: Oct RBOB & ULSD(NYM)
 
 
 
10/03
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:00 AM CDT - ISM Non-Manufacturing Index(Sep)
9:00 AM CDT - Factory Orders(Aug)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply

 
 
 
10/04
Fri
7:30 AM CDT - Unemployment Rate(Sep)
7:30 AM CDT - US Trade Balance(Aug)
7:30 AM CDT - Ave Workweek & Hourly Earnings(Sep)
7:30 AM CDT - Nonfarm Payrolls(Sep)
LT: Oct Canadian Dollar Options(CME)
Oct Currencies Options(CME)
Oct Live Cattle Options(CME)
Oct Mx Peso Options(CME)
Oct US Dollar Index Options(ICE)
Nov Cocoa Options(ICE)

10/07
Mon
2:00 PM CDT - Consumer Credit(Aug)
3:00 PM CDT - Crop Progress
 
 
FN: Oct Live Cattle(CME)
 
 
 
10/08
Tue
7:30 AM CDT - Core PPI & PPI(Sep)
3:30 PM CDT - API Energy Stocks
 
 
LT: Nov Sugar-16(ICE)
 
 
 
10/09
Wed
6:00 AM CDT - MBA Mortgage Index
9:00 AM CDT - Wholesale Inventories(Aug)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Products Sales
FN: Nov Sugar-16(ICE)
LT: Oct Cotton(NYM)
 
 
10/10
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Core CPI & CPI(Sep)
9:30 AM CDT - EIA Natural Gas Report
11:00 AM CDT - WASDE Report & Crop Production
3:30 PM CDT - Money Supply

 
 
 
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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