September 22, 2017 - Issue #892
In This Issue
1. Trading 102: Educational Videos on Variety of Topics
2. Hot Market report: Double Top on Russell?
3. Economic Calendar
1. Educational Videos
by: Cannon Trading Brokers
Cannon Trading is happy to share with you a few videos focusing on trading techniques, ideas and tools you can add to your trading arsenal. In this week's newsletter we are sharing the following 3 videos, about 5 minutes each, ready for immediate viewing on the following topics:
1. Identifying Support And Resistance Using A Line Chart.
2. Finding Levels of Support Resistance
3. Day Trading crude oil futures using fear and greed....
To view videos instantly, please fill out the form below.
Watch Videos.
Cannon Trading respects your privacy and will never give this information to a 3rd party.
2. Double Top on Mini Russell?
By Cannon Trading StaffClick on image below to enlarge
Looks like a double top was put in yesterday on the Russell. After a 2-week rally think the bulls are moving to the sideline for the weekend with new nuclear threats out of North Korea, and over bought conditions. We need to see a break below 1435.00 to confirm selling pressure, otheriwse sell signal is NOT valid.
Think we have seen this movie before, if nothing happens over the weekend would expect the buying resumes next week. Buying dips is still the way to go until it proves wrong.
A couple of side notes:
The mini Russell is now trading side by side over at the ICE exchange with the symbol TFE and at the CME with the symbol RTY. Looking at the quote board today, the volume over at the CME is higher than the one over at the ICE...The nice thing about trading the CME product is that exchange data are between $1 and $6 per month, while over at the ICE monthly exchange data fees are $110.... Another note regarding the chart you see here, if you like to get a free trial to the same custom indicators and ALGOS appearing on the chart, like the red diamond you see visit free Trial Page
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 09/22 Fri |
2:00 PM CDT - Cattle On Feed
2:00 PM CDT - Cold Storage |
FN: Oct Crude Lt(NYM)
LT: Oct 2,5,10 Year Notes Options(CBT) Oct Bonds Options(CBT) Oct Canola Options(CBT) Oct Corn Options(CBT) Oct Wheat Options(CBT) Oct Oats Options(CBT) Oct Rough Rice Options(CBT) Oct Soybeans,Soymeal,Soyoil Options(CBT) |
| 09/25 Mon |
|
FN: Oct Cotton(NYM)
|
| 09/26 Tue |
8:00 AM CDT - S&P Case Shiller Home Price Index(Jul)
9:00 AM CDT - Consumer Confidence(Sep) 9:00 AM CDT - New Home Sales(Aug) 3:30 PM CDT - API Energy Stocks |
LT: Oct Copper Options(CMX)
Oct Gold Options(CMX) Oct Silver Options(CMX) Oct Natural Gas Options(NYM) Oct RBOB & ULSD Options(NYM) |
| 09/27 Wed |
6:00 AM CDT - MBA Mortgage Applications Index
7:30 AM CDT - Durable Goods-Ex Transportation(Aug) 7:30 AM CDT - Durable Orders(Aug) 9:00 AM CDT - Pending Home Sales(Aug) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Diary Products Sales |
LT: Sep Copper(CMX)
Sep Gold(CMX) Sep Silver(CMX) Sep Platinum & Palladium(NYM) Oct Natural Gas(NYM) |
| 09/28 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - GDP-Third Estimate(Q2) 7:30 AM CDT - GDP Deflator-Third Estimate(Q2) 7:30 AM CDT - Adv. International Trade In Goods(Aug) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Hogs & Pigs |
FN: Oct Natural Gas(NYM)
LT: Sep Feeder Cattle(CME) Sep Feeder Cattle Options(CME) |
| 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 & Sivler(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 Purchase Index
7:15 AM CDT - ADP Employment Change(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 |
|
| 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!
