November 29, 2013 - Issue #713
In This Issue
1. Happy Thanksgiving 2013
2. Hot Market Review - Soybean Bulls Gain Upside Technical Momentum
3. Economic Calendar
1. Happy Thanksgiving 2013 from Cannon Trading Company
Have a great Thanksgiving with you friends, family, and love ones from the Cannon Trading Company.
2. Hot Market Review - Soybean Bulls Gain Upside Technical Momentum
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
January soybean futures on Wednesday hit a fresh nine-week high and a four-week-old uptrend is in place on the daily bar chart. The bulls have gained upside technical momentum recently, to suggest prices will continue to trend sideways to higher in the near term.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 12/02 Mon |
9:00 AM CST - ISM Index(Nov) 9:00 AM CST - Construction Spending(Sep) 9:00 AM CST - Construction Spending(Oct |
|
| 12/03 Tues |
1:00 PM CST - Auto & Truck Sales(Nov) |
FN: Dec Heating Oil(NYM) Dec RBOB Gasoline(NYM) LT: Nov Butter(CME) Nov Milk(CME) Nov Butter Options(CME) Nov Milk Options(CME) |
| 12/04 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 7:15 AM CST - ADP Employment Change(Nov) 7:30 AM CST - Trade Balance(Oct) 9:00 AM CST - ISM Services(Nov) 9:00 AM CST - New Home Sales(Sep) 9:00 AM CST - New Home Sales(Oct) 9:30 AM CST - API & DOE Energy Stats 1:00 PM CST - Fed's Beige Book(Dec) 3:00 PM CST - Dairy Products Sales |
|
| 12/06 Thurs |
:30 AM CST - Challenger Job Cuts(Nov) 7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - GDP-Second Estimate(Q3) 7:30 AM CST - GDP Deflator-Second Estimate(Q3) 9:00 AM CST - Factory Orders(Oct) 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
|
| 12/06 Fri |
7:30 AM CST - Nonfarm Payrolls(Oct) 7:30 AM CST - Unemployment Rate(Oct) 7:30 AM CST - Hourly Earnings & Ave Workweek(Oct) 7:30 AM CST - Personal Income & Spending(Sep) 7:30 AM CST - PCE Prices-Core(Sep) 8:55 AM CST - Mich Sentiment(Nov) 9:00 AM CST - JOLTS-Job Openings(Sep) 11:00 AM CST - WASDE Report & Crop Production |
7:30 AM CST - Ave Workweek & Hourly Earnings(Nov) 7:30 AM CST - Nonfarm Payrolls(Nov) 7:30 AM CST - Unemployment Rate(Nov) 7:30 AM CST - Personal Income & Spending(Oct) 7:30 AM CST - PCE Prices-Core(Oct) 8:55 AM CST - Mich Sentiment(Dec) 2:00 PM CST - Consumer Credit(Oct) |
| 12/09 Mon |
FN: Dec Live Cattle(CME) LT: Jan14 Sugar-16(ICE) |
* 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!
