January 20th 2017 - Issue #859
In This Issue
1. Where is the Trend?
2. Hot Market Report: Grain Market Bulls Are Coming to Life Again
3. Economic Calendar
1.Trading 102: Where is the Trend?
The number one question a trader must answer quickly before entering a trade: Where is the trend?
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To find out how a little “common sense” could possibly help you with your trading, just take a real 30-day trial to Trends in Futures and see for yourself. Along with your 30-day trial you will receive Gary’s popular e-book “What Lies Beneath ALL Trends”.
This is an information source you definitely will want to read as it gives you a picture of what really moves the markets and discusses how to analyze the Commitment of Traders report Instantly!
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Cannon Trading respects your privacy and will never give this information to a 3rd party.2. Grain Market Bulls Are Coming to Life Again
From our friend Jim Wyckoff at JimWyckoff.com
Click on image below to enlarge
The grain market bulls are out of the shoot in good fashion to start the new year. Technicals have improved in soybeans, corn and wheat recently--led by soybeans.
Some fresh speculator and commercial demand are featured in the grain markets early this year. Also, some adverse weather in South American soybean regions is also helping out the soybean market bulls. Make 2017 a great year!!
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 01/20 Fri |
7:30 AM CST - USDA Weekly Export Sales
|
LT: Feb Crude Lt(NYM)
Jan Nikkei Options(CME) Jan Russell Options(CME) Feb Orange Juice Options(CME) |
| 01/23 Mon |
|
|
| 01/24 Tue |
9:00 AM CST - Existing Home Sales(Dec)
2:00 PM CST - Cold Storage 2:00 PM CST - Milk Production 3:30 PM CST - API Energy Stocks |
FN: Feb Crude Lt(NYM)
|
| 01/25 Wed |
6:00 AM CST - MBA Mortgage Purchase Index
8:00 AM CST - FHFA Housing Price Index(Nov) 9:30 AM CST - EIA Petroleum Status Report 2:00 PM CST - Dairy Products Sales |
|
| 01/26 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Adv International Trade In Goods(Dec) 9:00 AM CST - Leading Indicators(Dec) 9:00 AM CST - New Home Sales(Dec) 9:30 AM CST - EIA Natural Gas Report 3:30 PM CST - Money Supply |
LT: Jan Feeder Cattle(CME)
Jan Feeder Cattle Options(CME) Feb Copper Options(CMX) Feb Gold & Silver Options(CMX) Feb Natural Gas Options(NYM) Feb RBOB & ULSD Options(NYM) |
| 01/27 Fri |
7:30 AM CST - Durable Goods-Ex Transportation(Dec)
7:30 AM CST - Durable Orders(Dec) 7:30 AM CST - GDP-Adv(Q4) 7:30 AM CST - GDP Deflator(Q4) 9:00 AM CST - Michigan Sentiment-Final(Jan) 2:00 PM CST - Cattle On Feed |
LT: Jan Copper(CMX)
Jan Gold & Silver(CME) Jan Platinum & Palladium(NYM) Feb Natural Gas(NYM) Feb 2,5,10 Year Notes Options(CBT) Feb Bonds Options(CBT) Feb Canola Options(CBT) Feb Wheat Options(CBT) Feb Corn Options(CBT) Feb Oats Options(CBT) Feb Rough Rice Options(CBT) Feb Soybeans,Soymeal,Soyoil(CBT) |
| 01/30 Mon |
7:30 AM CST - PCE Prices(Dec)
7:30 AM CST - PCE Prices-Core(Dec) 7:30 AM CST - Personal Income & Spending(Dec) 9:00 AM CST - Pending Home Sales(Dec) |
FN: Feb Natural Gas(NYM)
|
| 01/31 Tue |
7:30 AM CST - Employment Cost Index(Q4)
8:45 AM CST - Chicago PMI(Jan) 9:00 AM CST - Consumer Confidence(Jan) 2:00 PM CST - Cattle 3:30 PM CST - API Energy Stocks |
FN: Feb Copper(CMX)
Feb Gold & Silver(CMX) Feb Platinum & Palladium(NYM) LT: Jan Butter(CME) Jan Milk(CME) Jan Fed Funds(CME) Feb RBOB & ULSD(NYM) Jan Butter Options(CME) Jan Milk Options(CME) Jan Fed Funds Options(CME) Feb Lumber Options(CME) |
| 02/01 Wed |
6:00 AM CST - MBA Mortgage Purchase Index
7:15 AM CST - ADP Employment Change(Jan) 9:00 AM CST - Construction Spending(Dec) 9:00 AM CST - ISM Index(Jan) 9:30 AM CST - EIA Petroleum Status Report 1:00 PM CST - Auto & Truck Sales(Jan) 1:00 PM CST - FOMC Rate Decision(Feb) 2:00 PM CST - Dairy Products Sales 2:00 PM CST - Cotton System 2:00 PM CST - Fats & Oils 2:00 PM CST - Grain Crushings |
|
| 02/02 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Productivity-Prel(Q4) 9:30 AM CST - EIA Natural Gas Report 3:30 PM CST - Money Supply |
FN: Feb RBOB & ULSD(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!
