March 16th, 2018 - Issue #914
In This Issue
1. Day Trading Signals Newsletter
2. Hot Market Report: NASDAQ resuming the sell off?
3. Economic Calendar
1. Day Trading Signals Newsletter Via E-Mail
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2. Hot Market Report: NASDAQ resuming the sell off?
By Ilan Levy-Mayer, VPClick on image below to enlarge
Stock index futures in general, and the NASDAQ 100 specifically have gone through a wild ride, to say the least. Since the historic day on Feb. 5th, we have seen the market bounce back almost all the way to pre sell off levels!! but that did not last long and recently the market resumed the downtrend. GeoPolitical events, Domestic budget concerns, trade wars are a few factors to name. This week's FOMC confirmed higher rates this year and going forward which is also affecting the markets.
Throw in some Facebook ( FB) scandal to the mix ( data mining hasn’t been an issue when the US Government does it) and you’ve got a recipe for a possible test of the lows we made on Feb. 9th.
Daily chart of the mini NASDAQ 100 market for your review above. Notice the blue line. The way I view the chart, as long as we hold below that level ( approx. 6848) the market is on the bearish side. This is my opinion.
This chart was prepared using our CQG Q trader software, which you can demo for 14 days with realtime data.
Our brokers here at Cannon will be happy to chat about different markets, 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 |
|---|---|---|
| 03/22 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 8:00 AM CDT - FHFA Housing Price Index(Jan) 9:00 AM CDT - Leading Indicators(Feb) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Cold Storage 3:30 PM CDT - Money Supply |
FN: Apr Crude Lt(NYM)
|
| 03/23 Fri |
7:30 AM CDT - Durable Orders(Feb)
7:30 AM CDT - Durable Goods-Ex Transportation(Feb) 7:30 AM CDT - New Home Sales(Feb) 9:00 AM CDT - Michigan Sentiment-Final(Mar) 2:00 PM CDT - Cattle On Feed |
LT: Apr 2,5,10 Year Notes Options(CBT)
Apr Bonds Options(CBT) Apr Canola Options(CBT) Apr Wheat Options(CBT) Apr Corn Options(CBT) Apr Oats Options(CBT) Apr Rough Rice Options(CBT) Apr Soybeans,Soymeal,Soyoil Options(CBT) |
| 03/26 Mon |
|
LT: Apr Copper Options(CMX)
Apr Gold Options(CMX) Apr Silver Options(CMX) Apr Natural Gas Options(NYM) Apr RBOB & ULSD Options(NYM) |
| 03/27 Tue |
9:00 AM CDT - Consumer Confidence(Mar)
3:30 PM CDT - API Energy Stocks |
LT: Mar Copper(CMX)
Mar Gold(CMX) Mar Silver(CMX) Mar Palladium(NYM) Mar Platinum(NYM) Apr Natural Gas(NYM) |
| 03/28 Wed |
6:00 AM CDT - MBA Mortgage Applications Index
7:30 AM CDT - GDP-Third Estimate(Q4) 7:30 AM CDT - GDP Deflator-Third Estimate(Q4) 9:00 AM CDT - Pending Home Sales(Feb) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Products Sales |
FN: Apr Natural Gas(NYM)
|
| 03/29 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - PCE Prices(Feb) 7:30 AM CDT - PCE Prices-Core(Feb) 7:30 AM CDT - Personal Income & Spending(Feb) 9:30 AM CDT - EIA Natural Gas Report 11:00 AM CDT - Grains Stocks 11:00 AM CDT - Prospective Plantings 2:00 PM CDT - Hogs & Pigs 3:30 PM CDT - Money Supply |
FN: Apr Copper(CMX)
Apr Gold & Silver(CMX) Apr Platinum & Palladium(NYM) LT: Mar 2,5 Year Notes(CBT) Mar Fed Funds(CME) Mar Feeder Cattle(CME) Apr RBOB & ULSD(NYM) Mar Fed Funds Options(CME) Mar Feeder Cattle Options(CME) Apr Lumber Options(CME) |
| 03/30 Fri |
|
|
| 04/02 Mon |
9:00 AM CDT - Construction Spending(Feb)
9:00 AM CDT - ISM Index(Mar) 2:00 PM CDT - Cotton System 2:00 PM CDT - Fats & Oils 2:00 PM CDT - Grain Crushings |
|
| 04/03 Tue |
1:00 PM CDT - Auto & Truck Sales(Mar)
3:30 PM CDT - API Energy Stocks |
FN: Apr RBOB & ULSD(NYM)
LT: Mar Butter(CME) Mar Milk(CME) Mar Butter Options(CME) Mar Milk Options(CME) |
| 04/04 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
7:15 AM CDT - ADP Employment Change(Mar) 9:00 AM CDT - Factory Orders(Feb) 9:00 AM CDT - ISM Services(Mar) 9:30 AM CDT - EIA Pertroleum Status Report 2:00 PM CDT - Diary Products Sales |
|
| 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!
