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March 23rd, 2018 Newsletter

Get daily trade ideas via email with the Edge newsletter along with NASDAQ 100 futures chart outlook

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


The Edge, daily trading signals newsletter is now provided FREE for a limited time to Cannon's clients and qualified prospects

 


A veteran client and trader once remarked "Just tell me WHICH market to trade on any specific day and WHAT direction and I can trade the heck out of it...." Well, the Edge by ExitPoints.com does exactly that. The ExitPoints EDGE email will let you know the night before what markets to focus on and which direction the market is expected to move. From that point you can more confidently create your trading plan and utilize your trading prowess to capture opportunities.

Complete the simple form below and you will receive the daily email within one business day. You will receive it for the next 3 months FREE! you can unsubscribe at any time and as always, you will have direct access to a cannon Trading professional with any questions. 

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2. Hot Market Report: NASDAQ resuming the sell off?

By Ilan Levy-Mayer, VP

Click on image below to enlarge

NASDAQ futures; 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

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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