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Newsletter

Enhance your trading with a series of short videos on topics such as range bars, support & resistance, parabolics, price confirmation and much more. We also take a look at a weekly chart of the soybeans futures market.

Dec. 7, 2012 - Issue #663

In This Issue

1. Trader's Resource Corner: Adjusted Trading Times for E-Minis
2. Survivor Day Trading
3. Economic Calendar

1. Traders Resource Corner

Adjusted Trading Times for E-Minis

Important notice: If you are an "emini trader" pleased the below notice. The short version of the message below is as follows: Until now, 3:15 PM Central time was the cut off and was considered the end of the day for margin purposes. As of this Sunday, 4:15 PM Central time is considered the end of the day for all purposes including day-trading margins. Please read below and let us know if you have any questions.

CME Globex for equity index futures and options, including the e-mini S&P 500, e-mini Dow ($5), e-mini NASDAQ 100, and other contracts, will be changed to the following:

All Times Listed in Central Time (CT)

* Monday-Friday: 5:00 p.m. the previous day - 4:15 p.m.

* There will be a 15-minute trading halt from 3:15 p.m. - 3:30 p.m.

Please note: For all applicable contracts affected by the new trading session times, any trades done before the 4:15 p.m. end of trading session will be considered same business day trades. Any contract that is held in customer accounts at the 4:15 p.m close will require full exchange margin. Any trades done after the market reopen at 5:00 p.m. will be considered next day's business. Also, all of these products will now end at 4:15 p.m. on Fridays, as opposed to the previous close time of 3:15 p.m.

2. Survivor Day Trading: Taking a Look at Day Traders Money Management From a Different Angle.

I started as a commodity broker back in 1998, when commissions of $25 per round turn for the E-minis were considered a deep discount. I had the luxury of observing many types of day traders and saw things from the sidelines that most traders could not see during the heat of battle, one of which is the importance of solid money management for the long-term survival of day traders.

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3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
12/10
Mon
  FN: Dec Live Cattle(CME)
LT: Jan Sugar-16(ICE)
12/11
Tues
7:30 AM CST - WASDE Report & Crop Production
7:30 AM CST - Trade Balance(Oct)
9:00 AM CST - Wholesale Inventories(Oct)
FN: Jan Sugar-16(ICE)
12/12
Wed
6:00 AM CST - MBA Mortgage Index
7:30 AM CST - Dairy Products Prices
7:30 AM CST - Export & Import Sales(Nov)
9:30 AM CST - API & DOE Energy Stats
11:30 AM CST - FOMC Rate Decision(Dec)
1:00 PM CST - Treasury Budget(Nov)
 
12/13
Thurs
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
7:30 AM CST - Retail Sales(Nov)
7:30 AM CST - PPI & Core PPI(Nov)
9:00 AM CST - Business Inventories(Oct)
9:30 AM CST - EIA Gas Storage
3:30 PM CST - Money Supply
LT: Dec Cocoa(ICE)
12/14
Fri
7:30 AM CST - NOPA Crush
7:30 AM CST - CPI & Core CPI(Nov)
8:15 AM CST - Industrial Prod & Capacity Util(Nov)
LT: Dec Corn(CBT)
Dec Oats(CBT)
Dec Soymeal(CBT)
Dec Soyoil(CBT)
Dec Wheat(CBT)
Dec Lean Hogs(CME)
Dec Lean Hogs Options(CME)
Jan Crude Lt Options(NYM)
Jan Coffee Options(ICE)
12/17
Mon
7:30 AM CST - Empire Manufacturing(Dec)
8:00 AM CST - Net Long-Term TIC Flows(Oct)
LT: Dec Currencies(CME)
Dec US Dollar Index(ICE)
Dec Eurodollar Options(CME)
Jan Sugar-11 Options(NYM)

* 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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