Day trading Newsletter Alerts and a look at Palladium futures making all time highs
In This Issue
1. Trading 201: Day Trading Alerts and Newsletter via Email
2. Hot Market Report: Palladium reaching all time highs
3. Economic Calendar
MLK Hoiliday this Monday. Markets will have modified trading hours and some are closed on Monday.
Click on image below to enlarge
Palladium is part of the Precious Metals sector along with "it's" brothers Platinum, Gold, Silver and Copper.
And in the race between platinum, palladium and gold for the rank of most valuable precious metal, for the first time in 16 years, it’s palladium, now trading at an all-time high over $1,300 per ounce – and touching an intra-day high of $1,396.40 just yesterday. That’s almost triple its $475 lows of Jan. 2016 and more than $500 above last August’s $815-820 lows. It certainly begs the question: can palladium eclipse gold’s all-time highs above $1,900 back in 2011? Most reporting on Palladium’s increase in value touches on a tight physical market. Production is limited mainly to mining operations in South Africa where labor tensions within the mining industry have also contributed to the metal’s upward price pressure.
On a different note, I don't personally like day-trading Palladium but I feel it is a good market for swing trading
Source: Moore Research Center, Inc.
Date | Reports | Expiration & Notice Dates |
---|---|---|
01/18 Fri |
8:15 AM CST - Capacity Util & Industrial Prod(Dec)
9:00 AM CST - Univ of Michigan Consumer Sentiment-Prelim(Jan) |
LT: Jan Nikkei Options(CME)
Feb Orange Juice Options(ICE) |
01/21 Mon |
MARTIN LUTHER KING, JR DAY
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01/22 Tue |
9:00 AM CST - Existing Home Sales(Dec)
2:00 PM CST - Cold Storage |
LT: Feb Crude Lt(NYM)
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01/23 Wed |
6:00 AM CST - MBA Mortgage Index
8:00 AM CST - FHFA Housing Price Index(Nov) 3:30 PM CST - API Energy Stocks |
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01/24 Thu |
7:30 AM CST - Initial Claims-Weekly
9:00 AM CST - Leading Indicators(Dec) 9:30 AM CST - EIA Natural Gas Report 10:00 AM CST - EIA Petroleum Status Report 2:00 PM CST - Dairy Product Sales 3:30 PM CST - Money Supply |
FN: Feb Crude Lt(NYM)
|
01/25 Fri |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Durable Goods-Ex Transportation(Dec) 7:30 AM CST - Durable Orders(Dec) 9:00 AM CST - New Home Sales(Dec) 2:00 PM CST - Cattle On Feed |
LT: Jan Bitcoin(CME)
Feb 2,5,10 Year Notes Options(CBT) Feb Bonds Options(CBT) Feb Canola Options(CBT) Feb Wheat Options(CBT) Feb Corn Options(CBT) Feb Oats Options(CBT) Feb Rough Rice Options(CBT) Feb Soybeans,Soymeal,Soyil(CBT) |
01/28 Mon |
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LT: Feb Copper Options(CMX)
Feb Gold & Siver Options(CMX) Feb Natural Gas Options(NYM) Feb RBOB & ULSD Options(NYM) |
01/29 Tue |
7:00 AM CST - S&P Case-Shiller Home Price Index(Nov)
7:30 AM CST - Adv International Trade In Goods(Dec) 7:30 AM CST - Adv Retail Inventories(Dec) 7:30 AM CST - Adv Wholesale Inventories(Dec) 9:00 AM CST - Consumer Confidence(Jan) 3:30 PM CST - API Energy Stocks |
LT: Jan Butter(CME)
Jan Milk(CME) Jan Copper(CMX) Jan Gold & Silver(CMX) Jan Platinum & Palladium(NYM) Feb Natural Gas(NYM) Jan Butter Options(CME) Jan Milk Options(CME) |
01/30 Wed |
6:00 AM CST - MBA Mortgage Index
7:15 AM CST - ADP Employment Change(Jan) 7:30 AM CST - Pending Home Sales(Dec) 9:30 AM CST - EIA Petroleum Status Report 1:00 PM CST - FOMC Rate Decision(Jan) 2:00 PM CST - Dairy Products Sales |
FN: Feb Natural Gas(NYM)
|
01/31 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Chicago PMI(Jan) 7:30 AM CST - Personal Income & Spending(Dec) 9:30 AM CST - EIA Natural Gas Report 2:00 PM CST - Cattle 3:30 PM CST - Money Supply |
FN: Feb Copper(CMX)
Feb Gold & Silver(CMX) Feb Platinum & Palladium(NYM) LT: Jan Feeder Cattle(CME) Jan Fed Funds(CME) Feb RBOB & ULSD(NYM) Jan Feeder Cattle Options(CME) Jan Fed Funds Options(CME) Feb Lumber Options(CME) |
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!