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May 12th, 2017 Newsletter

Learn a simple approach to day trading and observe mini SP 500 chart with an approaching sell signal

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.


Screenshot of Mini Russell from Jan 25 2016 morning session 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.

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

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

us bonds futures; 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.

Date Reports Expiration & Notice Dates
05/12
Fri
7:30 AM CDT - Core CPI & CPI(Apr)
7:30 AM CDT - Retail Sales(Apr)
7:30 AM CDT - Retail Sales(ex-auto)(Apr)
9:00 AM CDT - Business Inventories(Mar)
9:00 AM CDT - Mich Sentiment-Prelim(May)
LT: May Canola(CBT)
May Wheat(CBT)
May Corn(CBT)
May Oats(CBT)
May Rough Rice(CBT)
May Soybeans,Soymeal,Soyoil(CBT)
May Lean Hogs(CME)
May Lean Hogs Options(CME)
May Eurodollar Options(CME)
Jun Coffee Options(ICE)

05/15
Mon
7:30 AM CDT - Empire Manufacturing(May)
11:00 AM CDT - NOPA Crush
3:00 PM CDT - Net Long-Term TIC Flows(May)
 
LT: May Eurodollar(CME)
May Cocoa(ICE)
May Lumber(CME)
May Mx Peso(CME)
Jun Sugar-11 Options(ICE)
05/16
Tue
7:30 AM CDT - Housing Starts & Building Permits(Apr)
8:15 AM CDT - Capacity Util & Industrial Prod(Apr)
3:30 PM CDT - API Energy Stocks
 
FN: May Lumber(CME)
 
 
 
05/17
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Products Sales
 
LT: Jun Crude Lt Options(NYM)
Jun Platinum Options(NYM)
Jun Palladium Options(NYM)
05/18
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Philadelphia Fed(May)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply
LT: May Coffee(ICE)
 
 
 
05/19
Fri
2:00 PM CDT - Milk Production
 
 
 
LT: May Nikkei Options(CME)
May Russell Options(CME)
Jun Orange Juice Options(ICE)
05/22
Mon
2:00 PM CDT - Cold Storage
 
 
 
LT: Jun Crude Lt(NYM)
 
 
 
05/23
Tue
9:00 AM CDT - New Home Sales(Apr)
3:30 PM CDT - API Energy Stocks
 
 

 
 
 
05/24
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
8:00 AM CDT - FHFA Housing Price Index(Mar)
9:00 AM CDT - Existing Home Sales(Apr)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Product Sales
FN: Jun Crude Lt(NYM)
 
 
 
05/25
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply
LT: May Feeder Cattle(CME)
May Feeder Cattle Options(CME)
Jun Copper Options(CMX)
Jun Gold & Silver Options(CMX)
Jun Natural Gas Options(NYM)
Jun RBOB & ULSD Options(NYM)
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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