April 5th, 2019 - Issue #960
In This Issue
1. Trading Alerts via Text Directly to Your Phone FREE TRIAL
2. Hot Market Report: Mini SP 500 Review
3. Economic Calendar
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1. Trading Alerts via Text Directly to Your Phone FREE TRIAL
3 Weeks FREE TRIAL
The real time trade alerts FREE 3-week trial uses a combination of proprietary information technical studies, trading ALGOS and a few popular indicators for confirmation.
You will receive a text and email each time there is an entry or exit in a simple language along with the current price for that specific market.
Text alerts available to US and Canada residents. Int'l clients will receive the alerts via email.
Real-time trade signals via text available for the following markets:
* Gold, silver, copper, platinum
* mini SP, mini Nasdaq, mini Dow, mini Russell
* Major currenciey pairs
* Wheat, Beans, Soymeal, Bean oil
* Crude oil, RBOB, Heating oil, Natural gas
* 30 year Bonds and 10 year Notes
* Hogs, Cattle
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Real Time Text Alerts
Cannon Trading respects your privacy and will never give this information to a 3rd party.
2. Hot Market Report: Mini SP 500 folow up report from March 15th
By Joe Easton, Senior BrokerClick on image below to enlarge
This week’s highlighted Market is mini SP 500 futures.Part of the stock index family that includes mini NASDAQ 100, mini Russell, mini Dow, Mid cap, Nikkei and a few more. Most traded on the CME/CBOT/GLOBEX exchanges.
On the March 15th Newsletter we highlighted the ES market. Since then June E-Mini S&P has been in a solid uptrend. That week we closed over the 2824 resistance and after a small retracement has been up about 70 points, plus or minus $3500 per contract over the past three weeks. We are now approaching a new level of resistance around 2907-2917. If we cannot close this week or next above this level there could be reason for some long profit taking. If we do close over this level we can put our sights on the all time highs 2947.
ES is probably the most popular market for day traders. LARGE volume, liquidity and good ranges as well as being the first electronic Mini Stock Index contract in the US back in 1997, make the ES "the king for day-trading". One thing to understand is that the aggressive day-trading margins most firms, including Cannon, offer for markets such as the NQ and ES can be a double edge sword. With $500 day-trading margins, you as a trader control LARGE amounts of money and that can translate to large fast losses or gains in volatile manner. I urge you to create a self imposed margin that is higher. Be aware, be careful.
This chart was prepared using E-Futures Int'l software, which you can demo for 28 days with realtime data.
To access a free trial to the ALGOS shown in the chart ( DIAMONDS included) along with other tools, visit and sign up for a free trial for 21 days with real-time data.
Mini SP500 Futures Specs
Hours: 5:00 PM to 4:00 PM next day PM Central Time
Margins: $6600 initial, 6000 Maint. ( as of the date of this newsletter)
Point Value: full point = $50 ( Example: 2819.00 to 2820.00 ). Min fluctuation is 0.25 = $12.50 ( Example: 2819.00 to 2819.25) Settlement: Cash on the open of the third Friday of each QUARTER ( June, Sep, Dec, March )
Months: Quarterly cycle, June, Sep, Dec, March. M,U,Z,H
Weekly Options:YES
Mini SP 500 is one of my favorite markets for Day Trading because of the intraday range and movements. Be careful, these factors can work against you or in your favor.
Some of the basic fundamentals to keep in mind when you are considering trading the NQ or other indices for this matter:
1. Longer term view of current market prices
2. Dates and times of important reports. CPI, Housing, employment, FOMC are just some of the reports you need to watch for
3. Earning reports
4. U.S. Fiscal and Monetary Stability
Our brokers here at Cannon will be happy to chat about the MINI SP500 market, other indices, other futures, 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 |
|---|---|---|
| 04/04 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 |
|
| 04/05 Fri |
7:30 AM CDT - Ave Workweek & Hourly Earnings(Mar)
7:30 AM CDT - Nonfarm Payrolls(Mar) 7:30 AM CDT - Unemployment Rate(Mar) 2:00 PM CDT - Consumer Credit(Feb) |
LT: Apr Canadian Dollar Options(CME)
Apr Currencies Options(CME) Apr Live Cattle Options(CME) Apr Mx Peso Options(CME) Apr US Dollar Index Options(ICE) May Cocoa Options(ICE) |
| 04/08 Mon |
|
FN: Apr Live Cattle(CME)
LT: May Sugar-16(ICE) |
| 04/09 Tue |
11:00 AM CDT - WADSE Report & Crop Production
3:30 PM CDT - API Energy Stocks |
FN: May Sugar-16(ICE)
|
| 04/10 Wed |
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Core CPI & CPI(Mar) 9:00 AM CDT - Wholesale Inventories(Feb) 9:30 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - Treasury Budget(Mar) 2:00 PM CDT - Dairy Products Sales |
|
| 04/11 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Core PPI & PPI(Mar) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
|
| 04/12 Fri |
7:30 AM CDT - Export & Import Prices(Mar)
7:30 AM CDT - Export(ex-ag) & Import(ex-oil)Prices(Mar) 9:00 AM CDT - Univ of Mich Consumer Sent-Prelim(Apr) |
LT: Apr Lean Hogs(CME)
Apr Lean Hogs Options(CME) Apr Eurodollar Options(CME) May Cotton Options(NYM) May Coffee Options(ICE) |
| 04/15 Mon |
7:30 AM CDT - Empire State Manufacturing(Apr)
11:00 AM CDT - NOPA Crush 3:00 PM CDT - Net Long-Term TIC Flows(Feb) |
LT: Apr Eurodollar(CME)
Apr Mx Peso(CME) May Sugar-11 Options(ICE) |
| 04/16 Tue |
7:30 AM CDT - Retail Sales(Mar)
7:30 AM CDT - Retail Sales Ex-Auto(Mar) 8:15 AM CDT - Capacity Util & Industrial Prod(Mar) 9:00 AM CDT - Business Inventories(Feb) 3:30 PM CDT - API Energy Stocks |
FN: May Cocoa(ICE)
LT: May Crude Lt Options(NYM) |
| 04/17 Wed |
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Building Permits & Housing Starts(Mar) 9:30 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - Fed's Beige Book(Apr) 2:00 PM CDT - Dairy Products Sales |
LT: May Platinum Options(NYM)
May Palladium Options(NYM) |
| 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!
