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July 27th, 2018 Newsletter

Trading Video on Using ALGOS for Day Trading Futures along with Review of Mini NASDAQ 100 Chart

July 27th, 2018 - Issue #929

In This Issue

1. Trading 101: VIDEO - A Simpler Approach to Day Trading
2. Hot Market Report: Mini NASDAQ 100
3. Economic Calendar

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1. VIDEO - Simple Day Trading Approach

In this Video, Ilan Levy-Mayer of Cannon Trading will walk you through his concept for day trading

This week's video includes a review of the two main ALGOS Ilan uses, examples of different set ups, how to actually install and use the ALGOS and more!

What's Included?

25 minute video showing how to set up the charts, the indicators and reviewing the set ups

Explanation of using range bar charts as well as volume charts in contrast to time charts

Simple steps on how to install the ALGOS and review it on your own charts

More...

Watch Video

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2. Hot Market Report: Mini NASDAQ trading at all time highs

By Ilan Levy-Mayer

Click on image below to enlarge

Mini NASDAQ 100 futures; Mini NASDAQ has retraced over 68% of its major sell off during February this year. It looks to me as if this market is trying to test the highs prior to the Feb. 2018 correction.
Daily chart of mini NASDAQ for your review from this morning ( July 27th 2018). We got a possible long TREND signal in the shape of the blue diamond late June. That singal appears when the ALGO think the market was oversold to the downside and has a chance to reverse. We got a slanted blue arrow on July 16th, That signal appears when the ALGO "thinks" the market has a chance to develop a trend. So far, the market direction has materialized but as we go into unchartered territory, stay nimble and be careful as the swings can get wild.. What I like about the mini NASDAQ these last few months is the day trading range. Personally for me, the NQ has been a better fit for day trading recently, so if you are a day trader who trades the mini SP mostly, I recommend you take a look at the NQ as well. To access a free trial to the ALGOS shown in the chart visit and sign up for a free trial for 21 days with real-time data.
Mini NASDAQ 100 Futures Specs
Hours: 5:00 PM to 4:00 PM next day PM Central Time
Margins: $6380 initial, $5800 Maint. ( as of the date of this newsletter)
Point Value: full point = $2000 ( Example: 7067.00 to 7167.00 ). Min fluctuation is 0.1 = $5 ( Example: 7067.00 to 7067.25) Settlement: Cash on the open of the third Friday of each month
Months: Quarterly cycle, June, Sep, Dec, March. M,U,Z,H
Weekly Options:YES
Mini NASDAQ 100 is one of my favorite markets for Day Trading because of the intraday range and movements. Be careful, these factors can work against you or in your favor.
Some of the basic fundamentals to keep in mind when you are considering trading the NQ or other indices for this matter:
1. Longer term view of current market prices
2. Dates and times of important reports. CPI, Housing, employment, FOMC are just some of the reports you need to watch for
3. Earning reports
4. U.S. Fiscal and Monetary Stability

Our brokers here at Cannon will be happy to chat about the MINI NASDAQ market, other indices, other futures, options, futures spreads and much more! Feel free to contact us at any time.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
07/27
Fri
7:30 AM CDT - GDP-Adv(Q2)
7:30 AM CDT - GDP Deflator(Q2)
9:00 AM CDT - Michigan Sentiment-Final(Jul)
 
LT: Jul Copper(CMX)
Jul Gold & Silver(CMX)
Jul Platinum & Palladium(NYM)
Aug Natural Gas(NYM)
Aug 2,5,10 Year Notes Options(CBT)
Aug Bonds Options(CBT)
Aug Canola Options(CBT)
Aug Wheat Options(CBT)
Aug Corn Options(CBT)
Aug Oats Options(CBT)
Aug Rough Rice Options(CBT)
Aug Soybeans,Soymeal,Soyoil Options(CBT)
07/30
Mon
9:00 AM CDT - Pending Home Sales(Jun)
 
 
 
FN: Aug Natural Gas(NYM)
 
 
 
07/31
Tue
7:30 AM CDT - Employment Cost Index(Q2)
7:30 AM CDT - PCE Prices & Core(Jun)
7:30 AM CDT - Personal Income & Spending(Jun)
8:00 AM CDT - S&P Case-Shiller Home Price Index(May)
9:00 AM CDT - Chicago PMI(Jul)
9:00 AM CDT - Consumer Confidence(Jul)
3:30 PM CDT - API Energy Stocks
FN: Aug Copper(CMX)
Aug Gold & Silver(CMX)
Aug Platinum & Palladium(NYM)
Aug Soybeans,Soymeal,Soyoil(CBT)
LT: Jul Butter(CME)
Jul Milk(CME)
Jul Fed Funds(CME)
Aug RBOB & ULSD(NYM)
Jul Butter Options(CME)
Jul Milk Options(CME)
Jul Fed Funds Options(CME)
Aug Lumber Options(CME)
08/01
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
7:15 AM CDT - ADP Employment Change(Jul)
9:00 AM CDT - Construction Spending(Jun)
9:00 AM CDT - ISM Index(Jul)
9:30 AM CDT - EIA Petroleum Status Report
1:00 PM CDT - Auto & Truck Sales
1:00 PM CDT - FOMC Rate Decision(Aug)
2:00 PM CDT - Dairy Products Sales
2:00 PM CDT - Fats & Oils
2:00 PM CDT - Grain Crushings

 
 
 
08/02
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:00 AM CDT - Factory Orders(Jun)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply
FN: Aug RBOB & ULSD(NYM)
 
 
 
08/03
Fri
7:30 AM CDT - Ave Workweek & Hourly Earnings(Jul)
7:30 AM CDT - Nonfarm Payrolls(Jul)
7:30 AM CDT - Trade Balance(Jun)
7:30 AM CDT - Unemployment Rate(Jul)
9:00 AM CDT - ISM Services(Jul)
LT: Aug Canadian Dollar Options(CME)
Aug Currencies Options(CME)
Aug Mx Peso Options(CME)
Aug Live Cattle Options(CME)
Aug US Dollar Index Options(ICE)
Sep Cocoa Options(ICE)
08/06
Mon

 
 
 
FN: Aug Live Cattle(CME)
 
 
 
08/07
Tue
2:00 PM CDT - Consumer Credit(Jun)
3:30 PM CDT - API Energy Stocks
 
 

 
 
 
08/08
Wed
6:00 AM CDT - MBA Mortgage Index
9:00 AM CDT - JOLTS-Job Openings(Jun)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Diary Products Sales
LT: Sep Sugar-16(ICE)
 
 
 
08/09
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Core PPI & PPI(Jul)
9:00 AM CDT - Wholesale Inventories(Jun)
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply
FN: Sep Sugar-16(ICE)
 
 
 
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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