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August 18th, 2017 Newsletter

Real Time Trading Signals in Your Own Charts along with outlook of the grain markets heading into harvest

August 18, 2017 - Issue #887

In This Issue

1. Trading Indicators and ALGOS free trial
2. Hot Market report: Are the U.S. Stock Index Bears Exhausted?
3. Economic Calendar

1. Trading Signals and Indicators

1. LEVEX family of indicators and ALGO:

Diamonds:
DIAMONDS is an algorithm that was created while designing different trading systems. It is a proprietary algorithm that tries to measure exhaustion in selling or buying and possible chance of short term reversal.

The ALGO calculates recent highs/lows, consecutive highs/lows, RSI, volatility and then the formula outputs; a number that either meet certain criteria or not. RED diamonds suggest possible short term top. GREEN or BLUE diamonds suggest possible short term bottoms.

The term “suggested” is used because like any other indicator or trading strategy, the future for the next few minutes or sometimes seconds cannot be predicted.

ILM:
ILM produces arrows on the charts that signal potential change in direction and momentum since ILM is based on moving average and a volatility system.


Screenshot of Mini S&P 500 from May 24th 2012 morning session Click to enlarge screenshots

Simply review the information, fill out the form below to instantly download our trading platform, and then view the indicators on the charts.

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LEVEX - Trading Indicators

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2. Grain Market Bears in Command Heading Into U.S. Harvest

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

beans futures; The summertime weather market that boosted the soybean futures market has long passed. Now, traders are looking into what will likely be a bountiful U.S. harvest that will begin in just a few weeks. The grain market bears are in full technical command. Now, most traders are wondering when the “harvest lows” will be in place.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
08/18
Fri
9:00 AM CDT - Mich Sentiment-Prelim(Aug)
2:00 PM CDT - Milk Production
 
 
FN: Sep Cocoa(ICE)
LT: Aug Nikkei Options(CME)
Aug Russell Options(CME)
Sep Cotton Options(NYM)
Sep Orange Juice Options(ICE)
08/21
Mon

 
 
 

 
 
 
08/22
Tue
8:00 AM CDT - FHFA Housing Price Index(Jun)
2:00 PM CDT - Cold Storage
3:30 AM CDT - API Energy Stocks
 
LT: Sep Crude Lt(NYM)
 
 
 
08/23
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
9:00 AM CDT - New Home Sales(Jul)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Products Sales
FN: Sep Coffee(ICE)
 
 
 
08/24
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:00 AM CDT - Existing Home Sales(Jul)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply
FN: Sep Crude Lt(NYM)
 
 
 
08/25
Fri
7:30 AM CDT - Durable Goods-Ex Transportation(Jul)
7:30 AM CDT - Durable Orders(Jul)
2:00 PM CDT - Cattle On Feed
 
LT: Sep 2,5,10 Year Notes Options(CBT)
Sep Bonds Options(CBT)
Sep Canola Options(CBT)
Sep Wheat Options(CBT)
Sep Corn Options(CBT)
Sep Rough Rice Options(CBT)
Sep Oats Options(CBT)
Sep Soybeans,Soymeal,Soyoil Options(CBT)
08/28
Mon

 
 
 

 
 
 
08/29
Tue
9:00 AM CDT - Consumer Confidence(Aug)
3:30 PM CDT - API Energy Stocks
 
 
LT: Aug Butter(CME)
Aug Milk(CME)
Aug Copper(CMX)
Aug Gold & Silver(CMX)
Aug Platinum & Palladium(NYM)
Sep Natural Gas(NYM)
Aug Butter Options(CME)
Aug Milk Options(CME)
08/30
Wed
6:00 AM CDT - MBA Mortgage Applications Index
7:15 AM CDT - ADP Employment Change(Aug)
7:30 AM CDT - GDP-Second Estimate(Q2)
7:30 AM CDT - GDP Deflator-Second Estimate(Q2)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Diary Products Sales
FN: Sep Natural Gas(NYM)
 
 
 
08/31
Thu
6:30 AM CDT - Challenger Job Cuts(Aug)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - PCE Prices(Jul)
7:30 AM CDT - PCE Prices-Core(Jul)
7:30 AM CDT - Personal Income & Spending(Jul)
8:45 AM CDT - Chicago PMI(Aug)
9:00 AM CDT - Pending Home Sales(Jul)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply
FN: Sep 2,5,10 Year Notes(CBT)
Sep Bonds(CBT)
Sep Copper(CMX)
Sep Gold & Silver(CMX)
Sep Platinum & Palladium(NYM)
Sep Wheat(CBT)
Sep Oats(CBT)
Sep Corn(CBT)
Sep Rough Rice(CBT)
Sep Soybeans,Soymeal,Soyoil(CBT)
LT: Aug Feeder Cattle(CME)
Aug Fed Funds(CME)
Aug Live Cattle(CME)
Sep RBOB & ULSD(NYM)
Aug Feeder Cattle Options(CME)
Aug Fed Funds Options(CME)
Sep Lumber Options(CME)
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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