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February 10th, 2017 Newsletter

Trading education: Trading around economic reports and stock index outlook for February 2017

February 10th, 2017 - Issue #863

In This Issue

1. Futures Trading 101: Trading Around Economic Reports
2. Hot Market: Stock Index Bulls Power Ahead; No Early Clues of Topping Process
3. Economic Calendar

1. Futures Trading 101: Trading Around Economic Reports

Trading is truly a fascinating pursuit. The markets can in still excitement, frustration, irritation, exhilaration - really a wide range of emotions - conceivably, even within a single trade. Trading is definitely one of those undertakings where one has to constantly study, evolve and grow.

There are also a number of different approaches to trading, including day trading, swing trading and position trading. There are strategies that focus on just trading straight futures contracts, others solely trade options, including selling/writing options, still others incorporate long and short positions simultaneously - spread trading - utilizing futures and/or options.

One narrowly defined approach to trading - probably most relevant for day traders - is trading around economic reports.

The release of economic reports occurs almost daily. Most come from the U.S. federal government and look at national or large regional data; some come from other private surveys. Some garner considerable attention by traders; others draw barely a thought, much less a glance at their impact on the markets. This article doesn't attempt to detail any particular number of them and their significance. Rather, it lists some pointers that can help traders prepare for reports releases.

  1. Know the times reports are set for release
  2. Know which markets reports may impact
  3. Know what the markets are expecting and how different outcomes will affect market movement
  4. Do your homework, i.e., go over charts from earlier dates when similar reports were released.
  5. Keep a journal. Focus on the reports that affect the markets you trade.

    Fill out the short fortm below to read the rest of the article

    Read: Trading Around reports

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    2. Hot Market: Gold Starting to Shine Brighter

    From our friend Jim Wyckoff at JimWyckoff.com

    Click on image below to enlarge

    mini sp futures; This week the U.S. stock indexes powered to new record highs. The price up-moves have not been dramatic or volatile, which suggests more of the same can continue. The bulls are in solid near-term technical control of the stock indexes and there are no early warning signals on the charts that the indexes are close to topping out. Thus, the path of least resistance for prices remains sideways to higher. Stay tuned! Make 2017 a great year!!

    3. Economic Calendar

    Source: Moore Research Center, Inc.

    Date Reports Expiration & Notice Dates
    02/10
    Fri
    7:30 AM CST - Export Prices(ex-ag) & Import Prices(ex-oil)(Jan)
    9:00 AM CST - Mich Sentiment-Prelim(Feb)
    1:00 PM CST - Treasury Budget(Jan)
     
    LT: Feb Eurodollar Options(CME)
    Mar Cotton Options(NYM)
    Mar Coffee Options(ICE)

    02/13
    Mon

     
     
     
    LT: Feb Eurodollar(CME)
    Feb Mx Peso(CME)

     
    02/14
    Tue
    7:30 AM CST - Core PPI & PPI(Jan)
    3:30 PM CST - API Energy Stocks
     
     
    FN: Mar Cocoa(ICE)
    LT: Feb Lean Hogs(CME)
    Feb Lean Hogs Options(CME)
    02/15
    Wed
    6:00 AM CST - MBA Mortgage Purchase Index
    7:30 AM CST - Core CPI & CPI(Jan)
    7:30 AM CST - Empire Manufacturing(Feb)
    7:30 AM CST - Retail Sales(Jan)
    7:30 AM CST - Retail Sales Ex-Auto(Jan)
    8:15 AM CST - Capacity Util & Industrial Prod(Jan)
    9:00 AM CST - Business Inventories(Dec)
    9:00 AM CST - NAHB Housing Market Index(Feb)
    9:30 AM CST - EIA Petroleum Status Report
    11:00 AM CST - NOPA Crush
    2:00 PM CST - Dairy Products Sales
    3:00 PM CST - Net Long-Term TIC Flows(Feb)
    LT: Mar Crude Lt Options(NYM)
    Mar Platinum & Palladium Options(NYM)
    Mar Sugar-11 Options(ICE)
    02/16
    Thu
    7:30 AM CST - Weekly Export Sales
    7:30 AM CST - Initial Claims-Weekly
    7:30 AM CST - Building Permits & Housing Starts(Jan)
    7:30 AM CST - Philadelphia Fed(Feb)
    9:30 AM CST - EIA Natural Gas Report
    3:30 PM CST - Money Supply

     
     
     
    02/17
    Fri
    9:00 AM CST - Leading Indicators(Jan)
     
     
     
    FN: Mar Coffee(ICE)
    LT: Feb Nikkei Options(CME)
    Feb Russell Options(CME)
    Mar Orange Juice Options(ICE)
    02/20
    Mon
    PRESIDENT'S DAY
     
     
     

     
     
     
    02/21
    Tue
    2:00 PM CST - Milk Production
     
     
     
    LT: Mar Crude Lt(NYM)
     
     
     
    02/22
    Wed
    6:00 AM CST - MBA Mortgage Purchase Index
    9:00 AM CST - Existing Home Sales(Jan)
    3:30 PM CST - API Energy Stocks
     
    FN: Mar Cotton(NYM)
     
     
     
    02/23
    Thu
    7:30 AM CST - Initial Claims-Weekly
    8:00 AM CST - FHFA Housing Price Index(Dec)
    9:30 AM CST - EIA Natural Gas Report
    10:00 AM CST - EIA Petroleum Status Report
    2:00 PM CST - Dairy Products Sales
    2:00 PM CST - Cold Storage(& Annual)
    3:30 PM CST - Money Supply
    FN: Mar Crude Lt(NYM)
    LT: Mar Copper Options(CMX)
    Mar Gold Options(CMX)
    Mar Silver Options(CMX)
    Mar Natural Gas Options(NYM)
    Mar RBOB & ULSD Options(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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