Jan. 18, 2013 - Issue #669
In This Issue
1. Trader's Resource Corner: MLK Jr. Holiday Trading Hours
2. Hot Market Review - Mini SP500
3. Economic Calendar
1. Traders Resource Corner
Martin Luther King Jr. Holiday Trading Schedule
Monday, January 21 is Martin Luther King, Jr. Day. CME Group, The ICE Exchange and otherU.S.exchanges observe this U.S.recognized holiday. Open outcry markets, markets traded by CME Group / CME Globex, The ICE Exchange and other electronic markets observe different opening and closing times, depending on markets traded. Opening and closing times are also affected on days prior to the holiday.
Trading hours available for viewing. Contact your broker with any questions
2. Hot Market Review - Mini SP500 Futures
From our friend Jim Wyckoff
Jim has an excellent daily newsletter where he reviews different markets, alerts you for potential trades and much more. Included is his great bi-weekly newsletter with charts and a little longer term outlook. We recommend checking out his website, educational CDROM, and services at www.jimwyckoff.com
click on image below to enlarge
The S&P 500 stock index futures on Thursday notched a fresh five-year high. The bulls remain in near-term technical command in all of the major U.S. stock indexes. The stock market likes to "climb a wall of worry"--meaning prices tend to rally amid seemingly bad news. Well, the U.S. taxing and spending agreement that need to be reached by U.S. lawmakers in the coming weeks will most certainly provide the "wall of worry" for the stock market bulls to climb. The price trends in the major U.S. stock indexes remain up, which means the path of least resistance for prices in the near term will remain sideways to higher.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 01/21 Mon |
MARTIN LUTHER KING JR DAY | |
| 01/22 Tues |
9:00 AM CST - Existing Home Sales(Dec)
2:00 PM CST - Cold Storage |
LT: Feb Crude Lt(NYM) |
| 01/23 Wed |
6:00 AM CST - MBA Mortgage Purchase Index
8:00 AM CST - FHFA Housing Price Index(Nov) 2:00 PM CST - Milk Production |
|
| 01/24 Thurs |
7:30 AM CST - Initial Claims-Weekly
9:00 AM CST - Leading Indicators(Dec) 9:30 AM CST - EIA Gas Storage 10:00 AM CST - API & DOE Energy Stats 2:00 PM CST - Dairy Products Sales 3:30 PM CST - Money Supply |
FN: Feb Crude Lt(NYM) |
| 01/25 Fri |
7:30 AM CST - USDA Weekly Export Sales
9:00 AM CST - New Home Sales(Dec) 2:00 PM CST - Cattle On Feed |
LT: Feb 2,5,10 Year Notes Options(CBT)
Feb Bonds Options(CBT) Feb Corn Options(CBT) Feb Wheat Options(CBT) Feb Oats Options(CBT) Feb Rough Rice Options(CBT) Feb Soybeans,Soymeal,Soyoil Options(CBT) |
| 01/28 Mon |
7:30 AM CST - Durable Goods-Ex Transportation(Dec)
7:30 AM CST - Durable Orders(Dec) 9:00 AM CST - Pending Home Sales(Dec) |
LT: Feb Copper Options(CMX)
Feb Gold Options(CMX) Feb Silver Options(CMX) Feb Heating Oil Options(NYM) Feb RBOB Gasoline Options(NYM) Feb Natural Gas Options(NYM) |
* 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!
