May 12th, 2017 Newsletter

May 12, 2017 - Issue #875

In This Issue

1. Simple Day Trading Approach
2. Hot Market report: S&P Stock Index Bulls May Be Getting Tired
3. Economic Calendar

1. Simple Day Trading Approach

Cannon Trading is pleased to present a FREE 3 week trial to a simple day trading concept you can learn, evaluate and implement on all major futures contracts.

The trial includes a 23 page PDF that outlines our concept for daytrading, how to use the two main indicators/ ALGOS, money management rules and much more. Interested clients and qualified prospects will be able to set up two different 15 minutes desktop sharing sessions to review from the conceptual stage to the implementation page, as we walk you through the set up on your own machine and provide feedback as we assist you through the learning curve.

What's Included?

Free demo that includes the charts along the indicators below: (Diamonds and Arrows)

23 page PDF booklet with examples, explanations and more…

Live remote session during market hours to review the model with realtime price action

Diamonds:
DIAMONDS is an algorithm that was created while designing different trading systems. It is a proprietary algorithm that tries to measure exhaustion in selling or buying and possible chance of short term reversal. The ALGO calculates recent highs/lows, consecutive highs/lows, RSI, volatility and then the formula outputs; a number that either meet certain criteria or not. RED diamonds suggest possible short term top. GREEN or BLUE diamonds suggest possible short term bottoms. The term “suggested” is used because like any other indicator or trading strategy, the future for the next few minutes or sometimes seconds cannot be predicted.

ILM:
ILM produces arrows on the charts that signal potential start of a trend. ILM is based on moving average, volatility system and proprietary calculations.

Click to enlarge screenshots

Simply review the information, fill out the form below to instantly download our trading platform, and start your FREE trial with the indicators on the charts.

Don't wait... limited time free trial. Sign up NOW!

2. S&P Stock Index Bulls May Be Getting Tired

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

The e-mini S&P stock index futures bulls are still in firm near-term technical command as prices earlier this week hit a contract and record high. There are no strong, early technical clues to suggest this market has topped out. However, see at the bottom of the chart that the Moving Average Convergence Divergence (MACD) index is poised to produce a bearish line crossover signal, whereby the blue MACD line crosses below the red trigger line. The S&P bulls may be getting tired. ("Sell in May and go away.") Price action the next few days could be extra important for the U.S. stock indexes, from a technical perspective.

3. Economic Calendar

Source: Moore Research Center, Inc.

* 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!