June 9th 2017 - Issue #879
In This Issue
1. Trading Webinar: Trade Location in all the right places
2. Hot Market Report: Corn Bulls Wake Up As Midwest U.S. Temperatures Rise
3. Economic Calendar
1. Trading Webinar: Trade Location in all the right places
WEBINAR: Please register for “Market Dynamics – Trade Location in all the right places” on Jun 14, 2017 1:00 PM PDT at:
https://attendee.gotowebinar.com/register/8190670416999391491
Join us for a 60 -minute webinar on Wednesday June 14th at 3:00 P.M., Central Time.
As traders, we are often given a choice between Technical and Fundamental analysis. Two different methods that try to help us anticipate moves in the markets. There isn’t much discussion about the dynamics of a move in the market. How does a move occur? How does a move reverse? Who is trading the moves?
Understanding the dynamics, the driving forces behind the market is essential if we want to benefit from moves in any market. It’s also essential in validating if our approach to the markets is realistic.
This webinar looks at some seldom considered aspects of trading
1. what exactly is it we are trying to do as traders?
2. What are we trying to take advantage of that occurs intra-day?
3. What are moves in the market and who is dominating?
4. What is the ‘smart money’ doing?
5. Where should we look to enter the market?
6. Is it the same every day?
This knowledge gives us a framework within which to use any trading method or tool. It helps us take a critical look at any trading method to see if it fits within the dynamics of the markets.
A trader with poor understanding of market dynamics will be losing a high percentage of their trades, typically losing more trades than if they’d traded just by tossing a coin.
You might not be looking for answers in market dynamics but they are there anyway. Ignore them at your peril!
Space is limited – Reserve your seat now!
After registering, you will receive a confirmation email containing information about joining the webinar.
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Good Trading
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
2. Hot Market: Corn Bulls Wake Up As Midwest U.S. Temperatures Rise
From our friend Jim Wyckoff at JimWyckoff.com
Click on image below to enlarge
The corn market has seen bullish price action this week. It appears the first significant weather market of the season is unfolding. More gains in the corn market this week would suggest solid upside price potential in the corn market in the coming weeks. And if corn bulls get uncorked, soybean and wheat bulls won't be far behind. Stay tuned!--
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 06/09 Fri |
9:00 AM CDT - Wholesale Inventories(Apr)
11:00 AM CDT - WASDE Report & Crop Production 2:00 PM CDT - Cherry Production |
FN: Jul Sugar-16(ICE)
LT: Jun Canadian Dollar Options(CME) Jun Currencies Options(CME) Jun Mx Peso Options(CME) Jun US Dollar Index Options(ICE) Jul Coffee Options(ICE) |
| 06/12 Mon |
|
|
| 06/13 Tue |
7:30 AM CDT - Core PPI & PPI(May)
3:30 PM CDT - API Energy Stocks |
|
| 06/14 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
7:30 AM CDT - Core CPI & CPI(May) 7:30 AM CDT - Retail Sales(May) 7:30 AM CDT - Retail Sales Ex-Auto(May) 9:00 AM CDT - Business Inventories(Apr) 9:30 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - FOMC Rate Decision(Jun) 2:00 PM CDT - Dairy Products Sales |
LT: Jun Lean Hogs(CME)
Jun Lean Hogs Options(CME) |
| 06/15 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Export(ex-ag) & Import(ex-oil) Prices(May) 7:30 AM CDT - Philadelphia Fed(Jun) 8:15 AM CDT - Capacity Util & Industrial Prod(May) 9:30 AM CDT - EIA Natural Gas Report 11:00 AM CDT - NOPA Crush 3:00 PM CDT - Net Long-Term TIC Flows(Jun) 3:30 PM CDT - Money Supply |
LT: Jun S&P 500(CME)
Jun S&P 500 Options(CME) Jul Crude Lt Options(NYM) Jul Sugar-11 Options(ICE) |
| 06/16 Fri |
7:30 AM CDT - Building Permits & Housing Starts(May)
9:00 AM CDT - Mich Sentiment(Jun) |
LT: Jun E-Mini Dow(CME)
Jun E-Mini S&P 500(CME) Jun E-Mini NASDAQ(CME) Jun Russell(CME) Jun E-Mini Dow Options(CME) Jun E-Mini S&P 500 Options(CME) Jun E-Mini NASDAQ Options(CME) Jun Russell Options(CME) Jul Cotton Options(CME) Jul Orange Juice Options(ICE) |
| 06/19 Mon |
2:00 PM CDT - Milk Production
|
FN: Jun Cocoa(ICE)
LT: Jun Currencies(CME) Jun Eurodollar(CME) Jun Mx Peso(CME) Jun US Dollar Index(ICE) Jun Eurodollar Options(CME) |
| 06/20 Tue |
|
FN: Jun US Dollar Index(ICE)
LT: Jun Canadian Dollar(CME) Jul Crude Lt(NYM) |
| 06/21 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
9:00 AM CDT - Existing Home Sales(May) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Product Sales |
LT: Jun 10 Year Notes(CBT)
Jun Bonds(CBT) Jul Platinum & Palladium Options(NYM) |
| 06/22 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 8:00 AM CDT - FHFA Housing Price Index(Apr) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Cold Storage 3:30 PM CDT - Money Supply |
FN: Jul Coffee(ICE)
Jul Crude Lt(NYM) |
| FN=First Notice, OE=Option Expiration, LT=Last Trade | ||
* 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!
