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January 22, 2016 Newsletter

Trading Indicators and Algos Along with Stock Index Outlook

January 22, 2016 - Issue #814

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.

Cost - Non Cannon Trading Clients - $99/month, Cannon Trading Clients - $49/month

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LEVEX - Trading Indicators

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2. Are the U.S. Stock Index Bears Exhausted?

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

gold futures;See on the daily bar chart for the March e-mini S&P futures that prices are in a steep downtrend and on Wednesday hit a contract and multi-month low. The bears have the solid near-term technical advantage. However, Wednesday's high-range close does begin to hint that S&P bears may now be exhausted. Price action Thursday and Friday will be extra important. Upside price action, overall, the last two trading days of the week would be a clue that a near-term market bottom is in place for the U.S. stock indexes. Make 2016 a great year!!

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
01/25
Mon


01/26
Tues
8:00 AM CST - Case-Shiller 20-City Index(Nov)
8:00 AM CST - FHFA Housing Price Index(Nov)
9:00 AM CST - Consumer Confidence(Jan)
LT: Feb Copper Options(CMX)
Feb Gold Options(CMX)
Feb Silver Options(CMX)
Feb Natural Gas Options(NYM)
Feb RBOB & ULSD Options(NYM)
01/27
Wed
6:00 AM CST - MBA Mortgage Purchase Index
9:30 AM CST - API & DOE Energy Stats
1:00 PM CST - Fed's Beige Book(Jan)
1:00 PM CST - Treasury Budget(Dec)
2:00 PM CST - Dairy Products Sales
LT: Jan Copper(CMX)
Jan Gold(CMX)
Jan Silver(CMX)
Jan Platinum(NYM)
Jan Palladium(NYM)
Feb Natural Gas(NYM)
01/28
Thurs
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
7:30 AM CST - Durable Orders(Dec)
7:30 AM CST - Durable Goods-Ex Transportation(Dec)
9:00 AM CST - Pending Home Sales(Dec)
9:30 AM CST - EIA Gas Storage
3:30 PM CST - Money Supply
FN: Feb Natural Gas(NYM)
LT: Jan Feeder Cattle(CME)
Jan Feeder Cattle Options(CME)
01/29
Fri
7:30 AM CST - Employment Cost Index(Q4)
7:30 AM CST - GDP-Adv(Q4)
7:30 AM CST - GDP Deflator(Q4)
8:45 AM CST - Chicago PMI(Jan)
9:00 AM CST - Michigan Sentiment-Final(Jan)
2:00 PM CST - Cattle
FN: Feb Copper(CMX)
Feb Gold & Silver(CMX)
Feb Platinum & Palladium(NYM)
LT: Jan Fed Funds(CME)
Feb RBOB & ULSD(NYM)
Jan Fed Funds Options(CME)
Feb Lumber Options(CME)
02/01
Mon
7:30 AM CST - PCE Prices(Dec)
7:30 AM CST - Personal Income & Spending(Dec)
9:00 AM CST - Construction Spending(Dec)
9:00 AM CST - ISM Index(Jan)

* 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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