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October 20th, 2017 Newsletter

Trading Around Economic Reports and Looking at Monthly NASDAQ Chart

October 20, 2017 - Issue #896

In This Issue

1. Trading 201: Trading Around Economic Reports
2. Hot Market report: Monthly Mini NASDAQ Chart
3. Economic Calendar

1. Trading 201: Trading Around Economic Reports

By Cannon Staff

You've done you're homework on stops, limits, indicators and price movements for the market you're trading. You're ready to go, you enter your limit order and you wait. ______ **DING** ______

You get filled. Your heart rate picks up, a wry smile crosses your face and you begin to imagine the possibilities of the one trade you're in: How much can I make? How much can I lose before it's too much? You've waited through months of technical trading and deep meditation to get here, and now it's finally paying off with one of your first trades in the live market. Sayonara paper trading; aloha live futures.

Then, all of a sudden, the top of the hour hits and the market starts acting up. It's getting more volatile and more volatile; it's picking up speed and taking an unforgiving turn against you. You can't think straight, all you can think about is your losing position that could get worse and worse as the seconds go by. You race to put in a stop order, but you finally have to settle for a market order just to stop the bleeding. You stare.

What the heck just happened?

Welcome to trading around economic reports and numbers....

There are many reports, almost daily. Some have larger impact on the markets and some are just “noise”. This short article will provide a few pointers that can help ANY trader out there to be better prepared:


To read article "Trading around economic reportd", please fill out this form.

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2. Hot Market Report: Monthly Mini NASDAQ Chart

By Sean Malone, Cannon Trading Broker

Click on image below to enlarge

nasdaq futures; While everyone likes to day trade (as do I) and gets wrapped up in every tick, it’s good sometimes to look at the long term. This monthly chart shows how incredibly strong this rally has been, and a good reminder of a market stay over bought longer then you can stay solvent. No real trade ideas here just thought it good to take a look back and see how far we have come. Have a great weekend everybody and even a better trading week ahead.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
10/20
Fri
9:00 AM CDT - Existing Home Sales(Sep)
2:00 PM CDT - Cattle On Feed
2:00 PM CDT - Milk Production
 
LT: Nov Crude Lt(NYM)
Oct Nikkei Options(CME)
Oct Russell Options(CME)
Nov Cotton Options(NYM)
Nov Orange Juice Options(ICE)
10/23
Mon
2:00 PM CDT - Cold Storage
 
 
 

 
 
 
10/24
Tue
3:30 PM CDT - API Energy Stocks
 
 
 
LT: Nov Crude Lt(NYM)
 
 
 
10/25
Wed
6:00 AM CDT - MBA Mortgage Applications Index
7:30 AM CDT - Durable Goods Ex-Transportation(Sep)
7:30 AM CDT - Durable Orders(Sep)
8:00 AM CDT - FHFA Housing Price Index(Aug)
9:00 AM CDT - New Home Sales(Sep)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Product Sales

 
 
 
10/26
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:00 AM CDT - Pending Home Sales(Sep)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply
LT: Oct Feeder Cattle(CME)
Oct Feeder Cattle Options(CME)
Nov Copper Options(CMX)
Nov Gold & Silver Options(CMX)
Nov Natural Gas Options(NYM)
Nov RBOB & ULSD Options(NYM)
10/27
Fri
7:30 AM CDT - Chain Deflator-Adv(Q3)
7:30 AM CDT - GDP-ADv(Q3)
9:00 AM CDT - Michigan Sentiment-Final(Oct)
 
LT: Oct Copper(CMX)
Oct Gold & Silver(CMX)
Oct Platinum & Palladium(NYM)
Nov Natural Gas(NYM)
Nov 2,5,10 Year Notes Options(CBT)
Nov Bonds Options(CBT)
Nov Canola Options(CBT)
Nov Wheat Options(CBT)
Nov Corn Options(CBT)
Nov Oats Options(CBT)
Nov Rough Rice Options(CBT)
Nov Soybeans,Soymeal,Soyoil Options(CBT)
10/30
Mon
7:30 AM CDT - PCE Prices(Sep)
7:30 AM CDT - PCE Prices-Core(Sep)
7:30 AM CDT - Personal Income & Spending(Sep)
 
FN: Nov Natural Gas(NYM)
 
 
 
10/31
Tue
7:30 AM CDT - Employment Cost Index(Q3)
8:45 AM CDT - Chicago PMI(Oct)
9:00 AM CDT - Consumer Confidence(Oct)
3:30 PM CDT - API Energy Stocks
FN: Nov Copper(CMX)
Nov Gold & Silver(CMX)
Nov Platinum & Palladium(NYM)
Nov Canola(CBT)
Nov Soybeans(CBT)
Nov Rough Rice(CBT)
LT: Oct Butter(CME)
Oct Milk(CME)
Oct Live Cattle(CME)
Oct Fed Funds(CME)
Nov RBOB & ULSD(NYM)
Oct Butter Options(CME)
Oct Milk Options(CME)
Oct Fed Funds Options(CME)
Nov Lumber Options(CME)
11/01
Wed
6:00 AM CDT - MBA Mortgage Purcahse Index
7:15 AM CDT - ADP Employment Change(Oct)
9:00 AM CDT - Construction Spending(Sep)
9:00 AM CDT - ISM Index(Oct)
9:30 AM CDT - EIA Petroleum Status Report
1:00 PM CDT - Auto & Truck Sales(Oct)
1:00 PM CDT - FOMC Rate Decision
2:00 PM CDT - Dairy Products Sales
2:00 PM CDT - Fats & Oils
2:00 PM CDT - Grain Crushings
2:00 PM CDT - Cotton System
FN: Nov Orange Juice(ICE)
 
 
 
11/02
Thu
6:30 AM CDT - Challenger Job Cuts(Oct)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Productivity-Prel(Q3)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply
FN: Nov RBOB & ULSD(NYM)
 
 
 
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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