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August 8, 2015 Newsletter

Goldman Sachs Daily chart and review of futures trading systems and managed accounts

August 7th, 2015 - Issue #797

In This Issue

1. Trading ALGOs, Trading Systems and Managed Accounts
2. Hot Market Report: Raw Commodities in a "bust" cycle
3. Economic Calendar

1. Trading ALGOs, Trading Systems and Managed Accounts

Algo Trading/Trading Systems

As we dive further into the twenty first century, many fantasy and futurist ideas from the past have slowly become a reality: watches double as phones, robots can clean our homes, and even though they can’t fly yet—our cars can greet us and give us directions. Many people believe that the evolution of all this technology has led to a decrease in human interaction, and while that may be true and a negative in some aspects; there can be an advantage when the emotional rollercoaster of the human mind is taken out of the question.

Despite even the most logically set minds on Wall Street, psychology plays a huge role in the market. Emotions run high, there are hasty impulses, and often a lack of self-control. Most trading professionals will agree that the human element can, at times, severely impact the trading goals and strategies of the trader as they strive for profit and attempt to escape the pain of losses. This is where technology can save us from ourselves.

Well-designed automated trading systems can offer the possibility of neutralizing the main psychological enemies of traders. Algorithmic (Algo) trading systems are written by investment professionals who know the markets intimately and offer a fast and wise decision making process that eliminates emotion, procrastination, and irrational decisions that human nature draws out. READ MORE....

Commodity Trading Advisors and Managed Futures Accounts

Whether it is a king of a dynasty, sultan of the land, or the president of a nation; all rulers throughout time have used advisors. A single individual or a close knit group that counsels major decisions, gives outside perspective, and provides intellectual guidance all while having the other’s interest as the upmost priority. With all the risk, volatile fluctuation, and uncertainty in the market—especially in commodities where risk is inevitable — having an advisor is a good option to consider.

A managed futures account is one in which a professional money manager called a Commodity Trading Advisor (CTA) seeks to generate returns by trading futures contracts on commodities. CTAs are regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) and are required to provide in depth disclosure documents (unless exempt by CTFC 4.7) and submit to an FBI background check. READ MORE...

2. Hot Market Review - Raw Commodities in a "bust" cycle

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

bearish raw commodities patterns;See on the daily bar chart for the Goldman Sachs Commodity Index that prices are in an accelerating downtrend. The raw commodity sector, as depicted by the GSCI, is getting hammered at present. Crude oil, precious metals, grains and softs are all taking a beating. It is my bias that this latest major bust cycle in raw commodities is in its very late stages. History shows that bust cycles in raw commodities lead to boom cycles, and generally way sooner that most expect the turnaround to occur.... Stay tuned!

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
08/10
Mon

FN: Aug Live Cattle(CME)
LT: Sep Sugar-16(ICE)
  
08/11
Tues
7:30 AM CDT - Productivity-Prel(Q2)
9:00 AM CDT - Wholesale Inventories(Jun)
  
FN: Sep Sugar-16(ICE)
08/12
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
9:00 AM CDT - JOLTS-Job Openings(Jun)
9:30 AM CDT - API & DOE Energy Stats
11:00 AM CDT - WASDE Report & Crop Production
1:00 PM CDT - Treasury Budget(Jul)
2:00 PM CDT - Dairy Products Sales

08/13
Thurs
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Export(ex-ag) & Import(ex-oil) Prices(Jul)
7:30 AM CDT - Retail Sales(Jul)
7:30 AM CDT - Retail Sales(ex-auto)(Jul)
9:00 AM CDT - Business Inventories(Jun)
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply
 

08/14
Fri
7:30 AM CDT - Core PPI & PPI(Jul)
8:15 AM CDT - Capacity Util & Industrial Prod(Jul)
9:00 AM CDT - Mich Sentiment(Aug)
 
LT: Aug Lean Hogs(CME)
Aug Soybeans,Soymeal,Soyoil(CBT)
Aug Lean Hogs Options(CME)
Aug Eurodollar Options(CME)
Sep Coffee Options(ICE)
08/17
Mon
7:30 AM CDT - Empire Manufacturing(Aug)
9:00 AM CDT - NAHB Housing Market Index(Aug)
11:00 AM CDT - NOPA Crush
3:00 PM CDT - Net Long-Term TIC Flows(Jun)
  
LT: Aug Eurodollar(CME) Sep Crude Lt Options(NYM) Sep Sugar-11 Options(ICE)
  

* 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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