May 3rd, 2019 - Issue #963
In This Issue
1. Live Trading Webinar: Enhance Your Trading with Trade Alerts & Real Time ALGOS
2. Hot Market Report: Gold Low Volatility = Risks and opportunities
3. Economic Calendar
Latest Updates on MICRO E-Minis!!
1. Live Trading: Enhance Your Trading with Trade Alerts & Real Time ALGOS
Tue, May 7, 2019 10:00 AM - 11:00 AM PDT
In this webinar, we will take a look at some innovative new trader development tools from Cannon Trading and ExitPoints.com
Join Cannon's VP, Ilan Levy-Mayer as he shares his trading screen, opinions and how he likes to use the ALGORITHMIC tools in real-time market conditions:
* How to utilize a daily email in deciding which markets to trade and what direction to take
* mini SP, mini Nasdaq, mini Dow, mini Russell, crude oil, grains, metals and more!
* How to trade using the realtime alerts
* Review on how to set up your charts and have access to the real-time trading ALGOS
In the end, we hope to have opened your eyes to new processes that can help you get the most from your methods. Special 3 weeks FREE trial to both real-time trade alerts, daily email and other tools SPACE is LIMITED, so reserve your space now!
2. Hot Market Report: Gold Low Volatility = Risks and opportunities
By Ilan Levy-Mayer, VPClick on image below to enlarge
S2018 saw one of the most volatile years in a while, and 2019 started out this way before fizzling into one of the LOWEST volatility years we have seen so far across many of the financial markets. Gold is one of these markets experiencing historical low levels of volatility. My thoughts are that traders of all shapes and sizes had enough risk after 2018, and that the volatility band stretched out so much that, as the third law of physics suggests, it had to contract for a time period. This is what we are experiencing in many markets right now. To be honest as a broker/trader I ask myself, “How can I attempt to take advantage of this, and what does this mean for possible trading set ups?” I have some thoughts and ideas I will share later in this article with you, but first, let's take a look at a gold weekly chart to the right:
READ the full article along with options trading ideas
This chart was prepared using CQG Q Trader software, which you can demo for 14 days with real time data.To access a free trial to the ALGOS shown in the chart ( "early trend identifier" included) along with other tools, visit and sign up for a free trial for 21 days with real time data.
GOLD Futures Specs
Hours: 05:00 PM previous day to 4:00 PM Central Time
Margins: $4700 initial, $4100 Maint. ( as of the date of this newsletter)
Point Value: full point = $100 ( Example: 1285.0 to 1286.0 ). Min fluctuation is 0.1 = $10 ( Example: 1285.5 to 1285.6) Settlement: Physical Delivery
Months: February, April, June, August, October,December. G,J,M,Q,V,Z
Weekly Options:YES
Some of the basic fundamentals to keep in mind when you are considering trading gold futures for this matter:
1. Research supply side in major producing countries.
2. Follow both the jewelry demand and investment demand for silver
3. Focus in macroeconomics not microeconomics
4. Correlation to silver and platinum
5. Correlation to US Dollar prices
6. Inflationary prospects
7. Geopolitical Stability
8. U.S. Fiscal and Monetary Stability
Our brokers here at Cannon will be happy to chat about the gold market, other metals, 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 |
|---|---|---|
| 05/03 Fri |
7:30 AM CDT - Ave Workweek & Hourly Earnings(Apr)
7:30 AM CDT - Nonfarm Payrolls(APR) 7:30 AM CDT - Unemployment Rate(Apr) 7:30 AM CDT - Adv Intl Trade In Goods(Mar) 7:30 AM CDT - Adv Retail Inventories(Mar) 7:30 AM CDT - Adv Wholesale Inventories(Mar) 9:00 AM CDT - ISM Non-Manufacturing Index(Apr) |
LT: May Canadian Dollar Options(CME)
May Currencies Options(CME) May Mx Peso Options(CME) May Live Cattle Options(CME) May US Dollar Index Options(ICE) Jun Cocoa Options(ICE) |
| 05/06 Mon |
|
|
| 05/07 Tue |
7:30 AM CDT - Trade Balance(Mar)
2:00 PM CDT - Consumer Credit(Mar) 3:30 PM CDT - API Energy Stocks |
|
| 05/08 Wed |
6:00 AM CDT - MBA Mortgage Index
9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Products Sales |
LT: May Cotton(NYM)
|
| 05/09 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Core PPI & PPI(Apr) 9:00 AM CDT - Wholesale Inventories(Mar) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
|
| 05/10 Fri |
7:30 AM CDT - Core CPI & CPI(Apr)
11:00 AM CDT - WASDE Report & Crop Production 1:00 PM CDT - Treasury Budget(Apr) |
LT: May Orange Juice(ICE)
May Eurodollar Options(CME) Jun Coffee Options(ICE) |
| 05/13 Mon |
|
LT: May Eurodollar(CME)
May Mx Peso(CME) |
| 05/14 Tue |
7:30 AM CDT - Export (ex-ag) & Import (ex-oil) Prices(Apr)
3:30 PM CDT - API Energy Stocks |
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) |
| 05/15 Wed |
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Empire State Manufacturing(May) 7:30 AM CDT - Retail Sales(Apr) 7:30 AM CDT - Retail Sales Ex-Auto(Apr) 8:15 AM CDT - Capacity Util & Industrial Prod(Apr) 9:00 AM CDT - Business Inventories(Mar) 9:30 AM CDT - EIA Petroleum Status Report 11:00 AM CDT - NOPA Crush 2:00 PM CDT - Dairy Products Sales 3:00 PM CDT - Net Long-term TIC Flows(Mar) |
LT: May Cocoa(ICE)
May Lumber(CME) Jun Platinum Options(NYM) Jun Palladium Options(NYM) Jun Sugar-11 Options(ICE) |
| 05/16 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Building Permits & Housing Starts(Apr) 7:30 AM CDT - Intial Claims-Weekly 7:30 AM CDT - Philadelphia Fed Index(May) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
FN: May Lumber(CME)
LT: Jun Crude Lt 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!
