December 9th, 2016 - Issue #855
In This Issue
1. Trading Webinar: Getting Started in Scalping/Ultra Short Term Trading
2. Hot Market Report: Soybean Bulls Maintaining Price Uptrend
3. Economic Calendar
1. Trading Webinar: Getting Started in Scalping/Ultra Short Term Trading
Join us for a 60 -minute webinar on Wednesday Dec 14th at 3:00 P.M., Central Time.
The term 'scalping' now covers many different styles of trading with one common trait. You are in and out of the market in a very short time period. Frequency of trades is usually but not always high.
In this webinar, we'll look at specific techniques for short term trading and why you might want to consider using these techniques.
- The benefits and risks of short term trading - Market making techniques - Market state – when to scalp - The role of correlated markets - Scalping volatility - Scalping around volume - Scalping around depth/front running the front runners - Scalping mid-leg absorption - Scalping around high visibility areas - Stops – definitely not what you think Free demo will be available.
SPACE is LIMITED, so reserve your space now! for a 60 -minute webinar on Wednesday Dec 14th at 3:00 P.M., Central Time.
Risk: 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 Report - Soybean Bulls Maintaining Price Uptrend
From our friend Jim Wyckoff
Jim has an excellent daily newsletter where he reviews different markets, alerts you for potential trades and much more. Included is his great bi-weekly newsletter with charts and a little longer term outlook. We recommend checking out his website, educational CDROM, and services at www.jimwyckoff.com click on image below to enlarge
The January soybean futures daily bar chart shows prices are in a two-month-old uptrend and have recently hit a 4.5-month high. The bean bulls have technical strength to suggest the market can continue to trend sideways to higher into the end of the year, or longer. Corn bulls also have gained some momentum this week. Wheat bears are still in firm technical command, but if soybeans and corn can trade sideways to higher, wheat will be a follower. Stay tuned!
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 12/09 Fri |
9:00 AM CST - Mich Sentiment(Dec)
9:00 AM CST - Wholesale Inventories(Oct) 11:00 AM CST - WASDE Report & Crop Production |
FN: Jan Sugar-16(ICE)
LT: Dec Canadian Dollar Options(CME) Dec Currencies Options(CME) Dec Mx Peso Options(CME) Dec US Dollar Index Options(ICE) Jan Coffee Options(ICE) |
| 12/12 Mon |
1:00 PM CST - Treasury Budget(Nov)
|
|
| 12/13 Tue |
7:30 AM CST - Export(ex-ag) & Import(ex-oil)(Nov)
3:30 PM CST - API Energy Stocks |
|
| 12/14 Wed |
6:00 AM CST - MBA Mortgage Index
7:30 AM CST - Core PPI & PPI(Nov) 7:30 AM CST - Retail Sales(Nov) 7:30 AM CST - Retail Sales Ex-Auto(Nov) 8:15 AM CST - Capacity Util & Industrial Prod(Nov) 9:00 AM CST - Business Inventories(Oct) 9:30 AM CST - EIA Petroleum Status Report 1:00 PM CST - FOMC Rate Decision(Dec) 2:00 PM CST - Dairy Products Sales |
LT: Dec Wheat(CBT)
Dec Corn(CBT) Dec Oats(CBT) Dec Soymeal,Soyoil(CBT) Dec Cocoa(ICE) Dec Lean Hogs(CME) Dec Lean Hogs Options(CME) |
| 12/15 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Core CPI & CPI(Nov) 7:30 AM CST - Current Account Balance(Q3) 7:30 AM CST - Empire Manufacturing(Dec) 7:30 AM CST - Philadelphia Fed(Dec) 9:00 AM CST - NAHB Housing Market Index(Dec) 9:30 AM CST - EIA Natural Gas Report 11:00 AM CST - NOPA Crush 3:00 PM CST - Net Long-Term TIC Flows(Oct) 3:30 PM CST - Money Supply |
LT: Dec S&P 500(CME)
Dec S&P 500 Options(CME) Jan Crude Lt Options(NYM) Jan Sugar-11 Options(ICE) |
| 12/16 Fri |
7:30 AM CST - Building Permits & Housing Starts(Nov)
|
LT: Dec E-Mini Dow(CME)
Dec E-Mini S&P 500(CME) Dec E-Mini NASDAQ(CME) Dec Russell(CME) Dec E-Mini Dow Options(CME) Dec E-Mini S&P 500 Options(CME) Dec E-Mini NASDAQ Options(CME) Dec Russell Options(CME) Jan Canola Options(CBT) Jan Cotton Options(NYM) Jan Orange Juice Options(ICE) |
| 12/19 Mon |
|
LT: Dec Currencies(CME)
Dec Eurodollar(CME) Dec US Dollar Index(ICE) Dec Mx Peso(CME) Dec Coffee(ICE) Dec Eurodollar Options(CME) |
| 12/20 Tue |
2:00 PM CST - Milk Production
3:30 PM CST - API Energy Stocks |
FN: Dec US Dollar Index(ICE)
LT: Dec 10 Year Notes(CBT) Dec Bonds(CBT) Dec Canadian Dollar(CME) Jan Crude Lt(NYM) |
| 12/21 Wed |
6:00 AM CST - MBA Mortgage Index
9:00 AM CST - Existing Home Sales(Nov) 9:30 AM CST - EIA Petroleum Status Report |
LT: Jan Platinum Options(NYM)
Jan Palladiun Options(NYM) |
| 12/22 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Durable Orders(Nov) 7:30 AM CST - GDP-Third Estimate(Q3) 7:30 AM CST - GDP Deflator-Third Estimate(Q3) 7:30 AM CST - PCE Prices(Nov) 8:00 AM CST - FHFA Housing Price Index(Oct) 9:30 AM CST - EIA Natural Gas Report 2:00 PM CST - Dairy Products Sales |
FN: Jan 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!
