March 2nd, 2018 - Issue #912
In This Issue
1. Trading 102: What's Your Trading blood type?
2. Hot Market Report: Wheat Futures - The legend of Tomb Trader?
3. Economic Calendar
1. Trading 102: What's Your Trading blood type?
This is a reprint of an article Ilan Levy-Mayer, VP of Cannon wrote for SFO magazine a few years back. Valuable information which we wanted to share with you:
Perhaps the greatest luxury I have in this business is the ability to observe
the experiences of many traders with different personalities, life
schedules and risk capital, each trading in a variety of markets. What
most astute brokers realize is that, over time, as some individuals prematurely
exit winners while others desperately cling to losers, it becomes
quite possible to match different "blood types" of those traders
with their correct "trading diets." Clearly, we're not talking the
medical blood type here, but in the figurative sense it makes the right
point. With practice, it's not too hard to determine blood types (type
of trading best suited to the individual) based on the personality of the
trader, and then prescribe a diet based on that individual trader's capital,
experience, risk profile and schedule.
Please fill out the form below to read the remaining article.
Trading Blood Type
Cannon Trading respects your privacy and will never give this information to a 3rd party.
2. Hot Market Report: Wheat Futures - Voice From The Tomb History
By Ilan Levy-Mayer, VPClick on image below to enlarge
Dry weather in Argentina, tough weather in the US wheat region along with a strong move in the beans complex helped wheat futures jumpt much higher!
Or perhaps the following may be part of it?
Voice From The Tomb History
This is the legend of a wise grain trader that made a fortune trading "seasonals" in the pits of the Chicago Board of Trade.
"After his wife died, a millionaire grain trader dedicated his life to raising their children. The children were lazy and thought they'd inherit all of their father's money.
He felt that his children were wasteful and believed they took him for granted. When he died, all the money went to charity. All he left them in his will were the following dates of when to buy and sell.
The will said that if they strictly followed his advice, they'd have the fortunes they always thought were going to drop in their laps."
Obviously this may just be a nice story...but one of the dates for the wheat market were: Buy February 22nd....
WEEKLY chart of the wheat market for your review.
Our brokers here at Cannon will be happy to chat about the wheat market, The "legend of the tomb trader" and other dates for grains, possible spreads and much more!
Feel free to contact us at any time.
* Seasonal tendencies are a composite of some of the more consistent commodities futures seasonals that have occurred in the past . There are usually underlying fundamental circumstances that occur annually that tend to cause the futures markets to react in a similar directional manner during a certain calendar period of the year. Even if a seasonal tendency occurs in the future, it may not result in a profitable transaction as fees and the timing of the entry and liquidation may impact on the results.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 03/02 Fri |
9:00 AM CST - Michigan Sentiment-Final(Feb)
|
FN: Mar RBOB & ULSD(NYM)
LT: Mar Live Cattle Options(CME) |
| 03/05 Mon |
9:00 AM CST - ISM Services(Feb)
|
|
| 03/06 Tue |
9:00 AM CST - Factory Orders(Jan)
3:30 PM CST - API Energy Stocks |
|
| 03/07 Wed |
6:00 AM CST - MBA Mortgage Applications Index
7:15 AM CST - ADP Employment Change(Feb) 7:30 AM CST - Productivity-Rev(Q4) 7:30 AM CST - Trade Balance(Jan) 9:30 AM CST - EIA Petroleum Status Report 2:00 PM CST - Consumer Credit(Jan) 2:00 PM CST - Dairy Products Sales |
LT: Mar Cotton(NYM)
|
| 03/08 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 9:30 AM CST - EIA Natural Gas Report 11:00 AM CST - WASDE Report & Crop Production 3:30 PM CST - Money Supply |
LT: Mar Nikkei(CME)
Mar Nikkei Options(CME) |
| 03/09 Fri |
7:30 AM CST - Ave Workweek & Hourly Earnings(Feb)
7:30 AM CST - Nonfarm Payrolls(Feb) 7:30 AM CST - Unemployment Rate(Feb) 9:00 AM CST - Mich Sentiment(Mar) 9:00 AM CST - Wholesale Inventories(Jan) |
LT: Mar Orange Juice(ICE)
Mar Canadian Dollar Options(CME) Mar Currencies Options(CME) Mar Mx Peso Options(CME) Mar US Dollar Index Options(ICE) Apr Cocoa Options(ICE) Apr Coffee Options(ICE) |
| 03/12 Mon |
1:00 PM CDT - Treasury Budget(Feb)
|
|
| 03/13 Tue |
7:30 AM CDT - Core CPI & CPI(Feb)
3:30 PM CDT - API Energy Stocks |
|
| 03/14 Wed |
6:00 AM CDT - MBA Mortgage Applications Index
7:30 AM CDT - Core PPI & PPI(Feb) 7:30 AM CDT - Retail Sales(Feb) 7:30 AM CDT - Retail Sales Ex-Auto(Feb) 9:00 AM CDT - Business Inventories(Jan) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Diary Products Sales 2:00 PM CDT - Honey |
LT: Mar Canola(CBT)
Mar Wheat(CBT) Mar Corn(CBT) Mar Oats(CBT) Mar Rough Rice(CBT) Mar Soybeans,Soymeal,Soyoil(CBT) Mar Cocoa(ICE) |
| 03/15 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Empire Manufacturing(Mar) 7:30 AM CDT - Export (ex-ag) & Import (ex-oil) Prices(Feb) 7:30 AM CDT - Philadelphia Fed(Mar) 9:00 AM CDT - NHB Housing Market Index(Mar) 9:30 AM CDT - EIA Natural Gas Report 11:00 AM CDT - NOPA Crush 3:00 PM CDT - Net Long-Term TIC Flows(Jan) 3:30 PM CDT - Money Supply |
LT: Mar S&P 500(CME)
Mar S&P 500 Options(CME) Apr Crude Lt Options(NYM) Apr Sugar-11 Options(ICE) |
| 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!
