Review of Mini SP 500 for Different Markets Day Trading

August 5th 2016 Newsletter

Mini SP 500 bulls are still in control Review of different markets for day trading

August 5th 2016 - Issue #839

In This Issue

1. Day Trading 102: Different Markets for Day Trading
2. Hot Market Report: E-Mini S&P Sees Profit Taking But Bulls Still Strong
3. Economic Calendar

Different Markets for Day trading

Different market, different trading environments

Each market has different personality, different behavior along with different times of the day when it is most active. If you are finding that the ES ( mini SP) is not giving you enough risk/opportunities then start monitoring a couple of other markets and perhaps explore them in demo / simulated mode.
There are more than a few markets I think are suitable for day-trading. Below you will find some observations, tips along with what is unique about these markets, personality and most active trading hours.

To read my notes about markets such as bonds, crude oil, gold, currencies and more, please fill out the short form


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2. Hot Market: E-Mini S&P Sees Profit Taking But Bulls Still Strong

From our friend Jim Wyckoff at

Click on image below to enlarge

mini sp futures; The e-mini S&P stock index futures hit a contract and record high earlier this week. Some normal profit-taking pressure has set in, but the bulls still possess the strong overall near-term technical advantage, to suggest prices can still trend sideways to higher in the near term. Two early technical warning signals that the U.S. stock indexes have topped out would be: two big down days in a row, or a bearish weekly low close on a Friday.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
7:30 AM CDT - Ave Workweek & Hourly Earnings(Jul)
7:30 AM CDT - Nonfarm Payrolls(Jul)
7:30 AM CDT - Trade Balance(Jun)
7:30 AM CDT - Unemployment Rate(Jul)
2:00 PM CDT - Consumer Credit(Jun)
LT: Aug Canadian Dollar Options(CME)
Aug Currencies Options(CME)
Aug Live Cattle Options(CME)
Aug Mx Peso Options(CME)
Aug US Dollar Index Options(ICE)
Sep Cocoa Options(ICE)

FN: Aug Live Cattle(CME)
LT: Sep Sugar-16(ICE)
7:30 AM CDT - Productivity-Prel(Q2)
7:30 AM CDT - Unit Labor Costs(Q2)
9:00 AM CDT - Wholesale Inventories(Jun)
FN: Sep Sugar-16(ICE)
6:00 AM CDT - MBA Mortgage Index
9:00 AM CDT - JOLTS-Job Openings(Jun)
9:30 AM CDT - API & DOE Energy Stats
1:00 PM CDT - Treasury Budget(Jul)
2:00 PM CDT - Dairy Products Sales

7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Export(ex-ag) & Import(ex-oil)(Jul)
9:30 AM CDT - EIA Gas Storage

7:30 AM CDT - Core PPI & PPI(Jul)
7:30 AM CDT - Retail Sales(Jul)
7:30 AM CDT - Retail Sales Ex-Auto(Jul)
9:00 AM CDT - Business Inventories(Jun)
9:00 AM CDT - Mich Sentiment(Aug)
11:00 AM CDT - WASDE Report & Crop Production
LT: Aug Lean Hogs(CME)
Aug Soybeans(CBT)
Aug Soymeal(CBT)
Aug Soyoil(CBT)
Aug Lean Hogs Options(CME)
Sep Coffee Options(ICE)
7:30 AM CDT - Empire Manufacturing(Aug)
9:00 AM CDT - NAHB Housing Market Index(Aug)
11:00 AM CDT - NOPA Crush
3:00 PM CDT - Net Long-Term TIC Flows(Jun)
LT: Aug Eurodollar(CME)
Aug Mx Peso(CME)
Aug Eurodollar Options(CME)
Sep Sugar-11 Options(ICE)
7:30 AM CDT - Building Permits & Housing Starts(Jul)
7:30 AM CDT - Core CPI & CPI(Jul)
8:15 AM CDT - Capacity Util & Industrial Prod(Jul)

6:00 AM CDT - MBA Mortgage Index
9:30 AM CDT - API & DOE Energy Stats
1:00 PM CDT - FOMC Minutes
2:00 PM CDT - Dairy Products Sales
LT: Sep Crude Lt Options(NYM)
Sep Platinum Options(NYM)
Sep Palladium Options(NYM)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Philadelphia Fed(Aug)
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply
FN: Sep Cocoa(ICE)
FN=First Notice, OE=Option Expiration, LT=Last Trade

Disclaimer: This calendar is compiled from sources believed to be reliable. Moore Research Center, Inc. assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The release dates for certain economic reports may have been rescheduled.

* 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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