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...

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

Click on image below to enlarge

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.

* 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!