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May 26th, 2017 Newsletter

Take the CME Group Gold Challenge: Win a 1 ounce gold bar by predicting the price of gold FREE entry

May 26th 2017 - Issue #877

In This Issue

1. Win a 1 OZ Gold Bar!
2. Hot Market Report: U.S. Stock Index Bulls Are Right Back In Business
3. Economic Calendar

Memorial Day Trading Schedule - Enjoy the Holiday!!

1. Win a 1 Ounce Gold Bar!!

Take the CME Group Gold Challenge

     

Gold futures at CME Group are one of the most traded futures contracts today. Many traders use Gold futures as a safe-haven contract during times of economic uncertainty.

Now CME Group invites you to put your knowledge of their Gold markets to the test. The winner will walk away with a 1 oz. gold bar. Playing is simple: Between May 22 - June 1, 2017, enter your prediction for the June 30, 2017 closing price of the August Gold futures contract (GCQ7). Closest without going over wins. Good Luck!

Enter Contest

2. Hot Market: U.S. Stock Index Bulls Are Right Back In Business

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

sp 500  futures; The major U.S. stock indexes hit record highs this week, in a dramatic rebound from solid losses seen last week that initially hinted near-term market tops could be in place. The stock index bulls again have the strong near-term technical advantage and there are no early, significant technical clues to suggest prices will not continue to trend sideways to higher in the near term. My daily reports will provide those important, early chart clues that suggest a market is poised for a trend change, or trend acceleration.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
05/26
Fri
7:30 AM CDT - Durable Goods-Ex Transportation(Apr)
7:30 AM CDT - Durable Orders(Apr)
7:30 AM CDT - GDP-Second Estimate(Q1)
7:30 AM CDT - GDP Deflator-Second Estimate(Q1)
9:00 AM CDT - Michigan Sentiment-Final(May)
2:00 PM CDT - Cattle On Feed
LT: May Copper(CMX)
May Gold & Silver(CMX)
May Platinum & Palladium(NYM)
Jun Natural Gas(NYM)
Jun 2,5,10 Year Notes Options(CBT)
Jun Bonds Options(CBT)
Jun Canola Options(CBT)
Jun Wheat Options(CBT)
Jun Corn Options(CBT)
Jun Oats Options(CBT)
Jun Rough Rice Options(CBT)
Jun Soybeans,Soymeal,Soyoil Options(CBT)
05/29
Mon
MEMORIAL DAY
 
 
 

 
 
 
05/30
Tue
7:30 AM CDT - PCE-Prices(Apr)
7:30 AM CDT - PCE-Prices-Core(Apr)
7:30 AM CDT - Personal Income & Spending(Apr)
9:00 AM CDT - Consumer Confidence(May)
FN: Jun Natural Gas(NYM)
 
 
 
05/31
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
8:45 AM CDT - Chicago PMI(May)
9:00 AM CDT - Pending Home Sales(Apr)
1:00 PM CDT - Fed's Beige Book(May)
3:30 PM CDT - API Energy Stocks'
FN: Jun 2,5,10 Year Notes(CBT)
Jun Bonds(CBT)
Jun Copper(CMX)
Jun Gold & Silver(CMX)
Jun Platinum & Palladium(NYM)
LT: May Butter(CME)
May Milk(CME)
May Fed Funds(CME)
Jun RBOB & ULSD(NYM)
May Butter Options(CME)
May Milk Options(CME)
May Fed Funds Options(CME)
Jun Lumber Options(CME)
06/01
Thu
6:30 AM CDT - Challenger Job Cuts(May)
7:15 AM CDT - ADP Employment Change(May)
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Productivity-Rev(Q1)
9:00 AM CDT - Construction Spending(Apr)
9:00 AM CDT - ISM Index(May)
9:30 AM CDT - EIA Natural Gas Report
10:00 AM CDT - EIA Petroleum Status Report
1:00 PM CDT - Auto & Truck Sales
2:00 PM CDT - Dairy Products Sales
2:00 PM CDT - Cotton System
2:00 PM CDT - Fats & Oils
2:00 PM CDT - Grain Crushings
3:30 PM CDT - Money Supply

 
 
 
06/02
Fri
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Ave Workweek & Hourly Earnings(May)
7:30 AM CDT - Nonfarm Payrolls(May)
7:30 AM CDT - Trade Balance(Apr)
7:30 AM CDT - Unemployment Rate(May)
FN: Jun RBOB & ULSD(NYM)
LT: Jun Live Cattle Options(CME)
Jul Cocoa Options(ICE)
06/05
Mon
9:00 AM CDT - Factory Orders(Apr)
 
 
 
FN: Jun Live Cattle(CME)
 
 
 
06/06
Tue
2:00 PM CDT - API Energy Stocks
 
 
 

 
 
 
06/07
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Product Sales
 

 
 
 
06/08
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:30 AM CDT - EIA Natural Gas Report
3:30 PM CDT - Money Supply
LT: Jun Nikkei(CME)
Jul Sugar-16(ICE)
Jun Nikkei Options(CME)
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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