May 24, 2013 - Issue #687
In This Issue
1. Memorial Day Trading Schedule
2. Hot Market Review - Soybean Bulls Gain Solid Upside Technical Momentum
3. Economic Calendar
Memorial Day Holiday Schedule for CME / Globex and ICE Exchanges
All times listed as Central Time
Friday, May 24
- CME & CBOT Equity Products
4:15 P.M. – regular close
- ICE Equity Products
Russell Index contracts: 4:15 P.M. Central Time – early close
- CME & CBOT Interest Rate & FX Products
3:15 P.M. Central Time – early close
- CBOT, KCBT Grain & Agricultural Products
Regular close – per each product schedule
Note: Grain pre-opening between 2:30 P.M. – 4:00 P.M.
- Other CME Group Products
Regular Close per each product schedule for:
Livestock, Weather, Real Estate, Lumber, Dairy
- ICE Softs, Cash-Settled Grains
Regular Close per each product
- ICE USDX and Forex
2:15 P.M. – early close
Sunday, May 26
- CME & CBOT Equity Products
5:00 P.M. – regular open for trade date Tuesday, May 28*
- CME & CBOT Interest Rate & FX Products
5:00 P.M. – regular open for trade date Tuesday, May 28*
- CBOT, KCBT Grain & Agricultural Products
4:00 P.M. Grain markets pre-open for trade date Tuesday, May 28
- Other CME Group Products
5:00 P.M – Regular open for trade date Tuesday, May 28*
Exceptions: Dairy, Weather products will remain closed until 5:00 P.M. on Monday; Lumber will remain closed until its scheduled opening 9:00 A.M. on Tuesday; Livestock will remain closed until its scheduled opening 9:05 A.M. on Tuesday
More details at: http://www.cmegroup.com/tools-information/holiday-calendar/files/2013-memorial-day.pdf
Monday, May 27
- CME & CBOT Equity Products
10:30 A.M. – Trading halt (order entry, modification and cancellation allowed)
5:00 P.M.: Halted products resume trading
- CME & CBOT Interest Rate & FX Products
12:00 P.M. – Trading halt (order entry, modification and cancellation allowed)
5:00 P.M. – Halted products resume trading
- NYMEX & COMEX Products
12:15 P.M. – trading halt (order entry, modification and cancellation allowed)
5:00 P.M. – Halted products resume trading
- CBOT, KCBT Grain & Agricultural Products
7:00 P.M. – Grain markets open for trade date Tuesday, May 28
- ICE Softs, Cash-Settled Grains
CLOSED
- ICE FOREX, USDX
Early close at 12:00 P.M.
- Russell INDEX
Early close 10:30 A.M.
More details at: https://www.theice.com/marketdata/Calendar.shtml?calendars=Holiday&expirationEnabled=false&calendars=SpecialTradingHours
The above sources were compiled from sources believed to be reliable. Cannon Trading 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 closing times for certain contracts may have been rescheduled.
Dear Clients, Prospects and Newsletter Readers -
We hope you enjoy and appreciate the information we share with you on our weekly newsletter as well as our daily blog.
We try our best to provide what we feel is useful and educational information along with market news and updates.
You can also follow some of our educational updates on the following:
2. Hot Market Review - Soybean Bulls Gain Solid Upside Technical Momentum
From our friend Jim Wyckoff
If you like this Newsletter, Please share!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
July soybean futures on Thursday surged to a fresh eight-month high and also pushed above major psychological resistance at $15.00 a bushel. The bulls have gained solid upside near-term technical momentum recently. A steep uptrend is in place on the daily bar chart. Fundamentally, very tight U.S. cash soybean stockpiles and good foreign demand for U.S. beans is bullish.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 05/27 Mon |
MEMORIAL DAY | |
| 05/28 Tues |
8:00 AM CDT - Case-Shiller 20-City Index(Mar) 9:00 AM CDT - Consumer Confidence(May) |
LT: Jun Copper Options(CMX) Jun Gold Options(CMX) Jun Silver Options(CMX) Jun Heating Oil Options(NYM) Jun RBOB Gasoline Options(NYM) Jun Natural Gas Options(NYM) |
| 05/29 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index | LT: May Butter(CME) May Milk(CME) May Gold(CMX) May Silver(CMX) May Copper(CMX) May Platinum(NYM) May Palladium(NYM) Jun Natural Gas(NYM) May Butter Options(CME) May Milk Options(CME) |
| 05/30 Thurs |
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - USDA Weekly Export Sales 8:00 AM CDT - FHFA Housing Price Index(Mar) 9:00 AM CDT - New Home Sales(Apr) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
|
| 05/31 Fri |
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Personal Income & Spending(Apr) 7:30 AM CDT - PCE Prices-Core(Apr) 8:45 AM CDT - Chicago PMI(May) 8:55 AM CDT - Michigan Sentiment-Final(May) |
FN: Jun 2,3,5,10 Year Notes(CBT) Jun Bonds(CBT) Jun Copper(CMX) Jun Gold(CMX) Jun Silver(CMX) Jun Platinum(NYM) Jun Palladium(NYM) LT: May Fed Funds(CME) Jun Heating Oil(NYM) Jun RBOB Gasoline(NYM) May Fed Funds Options(CME) Jun Lumber Options(CME) |
| 06/03 Mon |
9:00 AM CDT - ISM Index(May) 9:00 AM CDT - Construction Spending(Apr) 1:00 PM CDT - Auto & Truck Sales(May) |
* 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.
