September 29, 2017 - Issue #893
In This Issue
1. Upcoming Webinar and World Cup Trading Championship!
2. Hot Market report: U.S. Treasury Market Bears Have Technical Power
3. Economic Calendar
1. Upcoming Webinar and World Cup Trading Championship!
World Cup Trading Championship starting next week! Learn more and sign up instantly
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2. U.S. Treasury Market Bears Have Technical Power
From our friend Jim Wyckoff at JimWyckoff.com
Click on image below to enlarge
The U.S. Treasury bond and notes futures market bulls have run into a buzz saw the past couple weeks. See on the daily bar chart for December T-Bond futures that prices are in a solid downtrend and have
hit a two-month low. Ideas of better world economic growth prospects and major central banks tightening their monetary policies in the near futures have helped to sink the U.S. Treasury markets.
It’s likely going to take a geopolitical scare to ignite a U.S. Treasury market rally via flight-to-quality demand. Stay tuned!–Jim
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 09/29 Fri |
7:30 AM CDT - PCE Prices(Aug)
7:30 AM CDT - PCE Prices-Core(Aug) 7:30 AM CDT - Personal Income & Spending(Aug) 8:45 AM CDT - Chicago PMI(Sep) 9:00 AM CDT - Michigan Sentiment-Final(Sep) 11:00 AM CDT - Grain Stocks 11:00 AM CDT - Small Grains Summary |
FN: Oct Copper(CMX)
Oct Gold & Silver(CMX) Oct Platinum & Palladium(NYM) Oct Soymeal & Soyoil(CBT) LT: Sep 2,5 Year Notes(CBT) Sep Fed Funds(CME) Oct RBOB & ULSD(NYM) Oct Sugar-11(ICE) Sep Fed Funds Options(CME) Oct Lumber Options(CME) |
| 10/02 Mon |
9:00 AM CDT - Construction Spending(Aug)
9:00 AM CDT - ISM Index(Sep) 2:00 PM CDT - Cotton System 2:00 PM CDT - Fats & Oils 2:00 PM CDT - Grain Crushings |
FN: Oct Sugar-11(ICE)
|
| 10/03 Tue |
1:00 PM CDT - Auto & Truck Sales(Sep)
3:30 PM CDT - API Energy Stocks |
FN: Oct RBOB & ULSD(NYM)
LT: Sep Butter(CME) Sep Milk(CME) Sep Butter Options(CME) Sep Milk Options(CME) |
| 10/04 Wed |
6:00 AM CDT - MBA Mortgage Applications Index
7:15 AM CDT - ADP Employment Change(Sep) 9:00 AM CDT - ISM Services(Sep) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Products Sales |
|
| 10/05 Thu |
6:30 AM CDT - Challenger Job Cuts(Sep)
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Trade Balance(Aug) 9:00 AM CDT - Factory Orders(Aug) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
|
| 10/06 Fri |
7:30 AM CDT - Ave Workweek & Hourly Earnings(Sep)
7:30 AM CDT - Nonfarm Payrolls(Sep) 7:30 AM CDT - Unemployment Rate(Sep) 9:00 AM CDT - Wholesale Inventories(Aug) 2:00 PM CDT - Consumer Credit(Aug) |
LT: Oct Live Cattle Options(CME)
Oct Canadian Dollar Options(CME) Oct Currencies Options(CME) Oct Mx Peso Options(CME) Oct US Dollar Index Options(ICE) Nov Cocoa Options(ICE) |
| 10/09 Mon |
COLUMBUS DAY
|
FN: Oct Live Cattle(CME)
LT: Oct Cotton(NYM) Nov Sugar-16(ICE) |
| 10/10 Tue |
|
FN: Nov Sugar-16(ICE)
|
| 10/11 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
3:30 PM CDT - API Energy Stocks |
|
| 10/12 Thu |
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Core PPI & PPI(Sep) 9:30 AM CDT - EIA Natural Gas Report 10:00 AM CDT - EIA Petroleum Status Report 11:00 AM CDT - WASDE Report & Crop Production 2:00 PM CDT - Dairy Products Sales |
|
| 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!
