October 28th, 2011 - Issue #607
In This Issue
1. Download 14 Critical Lessons Every Trader Should Know
2. Jim Wyckoff's Hot Market
3. Economic Calendar
1. Download 14 Critical Lessons Every Trader Should Know
Brought to you by our friends at Elliott Wave International.
Our friends at Elliott Wave International (EWI) have brought back one of their most sought-after free resources, The Best of Trader's Classroom eBook, for two weeks only. This valuable eBook, adapted from the $189 set of the same name, offers the 14 most actionable lessons every trader should know. Don't miss your chance to improve your trading by downloading this popular trading resource.
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Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations 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 futures 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!
2. Jim Wyckoff's Hot Market
Copper Looking Bullish, Which is Good Sign for Other Markets
Comex copper futures on Thursday surged to a fresh five-week high as prices have made a very strong rebound from the October low. A bullish double-bottom reversal pattern has formed on the daily bar chart and it appears the copper market is headed still higher. The bullish-looking copper market also bodes well for other raw commodity futures markets, and for the U.S. stock market.
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 Jim Wyckoff
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 10/28 Fri |
7:30 AM CDT - Dairy Products Prices 7:30 AM CDT - Employment Cost Index(Q3) 7:30 AM CDT - PCE Prices-Core(Sep) 7:30 AM CDT - Personal Income & Spending(Sep) 8:55 AM CDT - Michigan Sentiment-Final(Oct) | FN: Nov Natural Gas(NYM) |
| 10/31 Mon |
FN: Nov Copper(CMX) Nov Gold(CMX) Nov Silver(CMX) Nov Platinum(CMX) Nov Palladium(CMX) Nov Rough Rice(CBT) Nov Soybeans(CBT) LT: Oct Fed Funds(CME) Oct Live Cattle(CME) Nov Heating Oil(NYM) Nov RBOB Gasoline(NYM) Oct Fed Funds Options(CME) Nov Lumber Options(CME) | |
| 11/01 Tue |
9:00 AM CDT - Construction Spending(Sep) 9:00 AM CDT - ISM Index(Oct) 2:00 PM CDT - Auto & Truck Sales(Nov) | FN: Nov Orange Juice(ICE) |
| 11/02 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index 6:30 AM CDT - Challenger Job Cuts(Oct) 7:15 AM CDT - ADP Employment Change(Oct) 9:30 AM CDT - API & DOE Energy Stats 11:30 AM CDT - FOMC Rate Decision(Nov) | FN: Nov Heating Oil(NYM) Nov RBOB Gasoline(NYM) |
| 11/03 Thu |
7:00 AM CDT - Census Crush 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Unit Labor Costs-Prel(Q3) 7:30 AM CDT - Productivity-Prel(Q3) 9:00 AM CDT - Factory Orders(Sep) 9:00 AM CDT - ISM Services(Oct) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply | LT: Oct Milk(CME) Oct Milk Options(CME) |
| 11/04 Fri |
7:30 AM CDT - Dairy Products Prices 7:30 AM CDT - Ave Workweek & Hourly Earnings(Oct) 7:30 AM CDT - Nonfarm Payrolls(Oct) 7:30 AM CDT - Unemployment Rate(Oct) | LT: Nov Canadian Dollar Otions(CME) Nov Currencies Options(CME) Nov Live Cattle Options(CME) Nov US Dollar Options(ICE) Dec Cocoa Options(ICE) |
| 11/07 Mon |
2:00 PM CST - Consumer Credit(Sep) | LT: Nov Orange Juice(ICE) |
| 11/08 Tue |
||
| 11/09 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 7:30 AM CST - WASDE Report & Crop Production 9:00 AM CST - Wholesale Inventories(Sep) 9:30 AM CST - API & DOE Energy Stats | |
| 11/10 Thu |
7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Trade Balance(Sep) 7:30 AM CST - Export & Import Prices(Oct) 9:30 AM CST - EIA Gas Storage 1:00 PM CST - Treasury Budget(Oct) 3:30 PM CST - Money Supply |
* 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!
