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April 29th 2016 Newsletter

MRCI free trial. futures spreads seasonal trade ideas. stock index futures look weak.

April 29th, 2016 - Issue #827

In This Issue

1. Free Trial to Research used by the Exchanges
2. Hot Market: U.S. Stock Index Bulls Still See Stiff Overhead Technical Resistance
3. Economic Calendar

1.   MRCI's web-site is full of history, research, and ideas. 

MRCI ( Moore Research Center Inc.) information and research has been used and still is by major exchanges like the CME, CBOT and others including hedge funds and traders


For futures and futures spread traders:

Evaluate up to 55 years of history against the market behavior of current contracts.

Find seasonal pattern charts

Futures & cash charts

Correlation studies

Scenario analysis

For options traders:

Take a look at their Seasonal Volatility section

Current data for both implied and historical volatility across the spectrum

Find the 15-year average of 20-day historical volatility and more.


Start your free 2-week trial by filling out the form below.

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Cannon Trading respects your privacy and will never give this information to a 3rd party.

 

Good Trading!

 

 

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2. Hot Market: U.S. Stock Index Bulls Still See Stiff Overhead Technical Resistance

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

stock index futures; The June e-mini S&P stock index futures bulls are in overall near-term technical control as prices hover not far below the contract high scored late last year. Still, however, the bulls cannot seem to muster the energy to push prices to a new high. In recent months, near-term price uptrends have stalled out at present levels. If stock index bulls can push prices above the stiff chart resistance at the highs, then a fresh leg up in prices would be in the cards. See at the bottom of the chart that the Moving Average Convergence Divergence (MACD) indicator has moved into a bearish posture, whereby the thick blue MACD line is below the thin red "trigger" line, and both lines are now trending lower.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
05/02
Mon
9:00 AM CDT - Construction Spending(Mar)
9:00 AM CDT - ISM Index(Apr)
2:00 PM CDT - Fats & Oils
2:00 PM CDT - Grain Crushings
FN: May Orange Juice(ICE)
May Sugar-11(ICE)
05/03
Tues
1:00 PM Auto & Truck Sales(Apr)
FN: May RBOB & ULSD(NYM)
LT: Apr Butter(CME)
Apr Milk(CME)
Apr Butter Options(CME)
Apr Milk Options(CME)
05/04
Wed
6:00 AM CDT - MBA Mortgage Index
7:15 AM CDT - ADP Employment Change(Apr)
7:30 AM CDT - Productivity-Prel(Q1)
7:30 AM CDT - Trade Balance(Mar)
7:30 AM CDT - Unit Labor Costs-Prel(Q1)
9:00 AM CDT - Factory Orders(Mar)
9:00 AM CDT - ISM Services(Apr)
9:30 AM CDT - API & DOE Energy Stats
2:00 PM CDT - Dairy Products Sales

05/05
Thurs
6:30 AM CDT - Challenger Job Cuts(Apr)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply

05/06
Fri
7:30 AM CDT - Ave Workweek & Hourly Earnings(Apr)
7:30 AM CDT - Nonfarm Payrolls(Apr)
7:30 AM CDT - Unemployment Rate(Apr)
2:00 PM CDT - Consumer Credit(Mar)
FLT: May Cotton(NYM)
May Canadian Dollar Options(CME)
May Currencies Options(CME)
May Live Cattle Options(CME)
May Mx Peso Options(CME)
May US Dollar Options(ICE)
Jun Cocoa Options(ICE)
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!

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