Sept. 7, 2012 - Issue #651
In This Issue
1. Trader's Resource Corner: RollOver Notice
2. Survivor Day Trading
3. Economic Calendar
1. Traders Resource Corner
Rollover Notice for Stock Index Futures
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the "Big" pit-traded S&P 500, etc., it is extremely important to remember that next Thursday, September 13th, is rollover day.
Starting September 13th, the December 2012 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the December 2012 contract as of September. Volume in the September 12 contracts will begin to drop off until its expiration on Friday September 21st.
The month code for December is Z2.
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.
2. Survivor Day Trading: Taking a Look at Day Traders Money Management From a Different Angle.
I started as a commodity broker back in 1998, when commissions of $25 per round turn for the E-minis were considered a deep discount. I had the luxury of observing many types of day traders and saw things from the sidelines that most traders could not see during the heat of battle, one of which is the importance of solid money management for the long-term survival of day traders.
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Cannon Trading respects your privacy and will never give this information to a 3rd party.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 09/10 Mon |
2:00 PM CDT - Consumer Credit(Jul) | |
| 09/11 Tues |
7:30 AM CDT - Trade Balance(Jul) | |
| 09/12 Wed |
7:30 AM CDT - WASDE Report & Crop Production
7:30 AM CDT - Dairy Products Prices 7:30 AM CDT - Export & Import Prices(Aug) 9:00 AM CDT - Wholesale Inventories(Jul) 9:30 AM CDT - API & DOE Energy Stats |
|
| 09/13 Thurs |
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Core PPI & PPI(Aug) 9:30 AM CDT - EIA Gas Storage 11:30 AM CDT - FOMC Rate Decision(Sep) 1:00 PM CDT - Treasury Budget(Aug) 3:30 PM CDT - Money Supply |
|
| 09/14 Fri |
7:30 AM CDT - NOPA Crush
7:30 AM CDT - Core CPI & CPI(Aug) 7:30 AM CDT - Retail Sales(Aug) 8:15 AM CDT - Capacity Util & Industrial Prod(Aug) 8:55 AM CDT - Mich Sentiment(Sep) 9:00 AM CDT - Business Inventories(Jul) |
LT: Sep Corn(CBT)
Sep Wheat(CBT) Sep Oats(CBT) Sep Rough Rice(CBT) Sep Soybeans,Soymeal,Soyoil(CBT) Sep Lumber(CME) Oct Cotton Options(NYM) Oct Coffee Options(ICE) |
| 09/17 Mon |
7:30 AM CDT - Empire Manufacturing(Sep) | FN: Sep Lumber(CME)
LT: Sep Currencies(CME) Sep Eurodollar(CME) Sep US Dollar Index(ICE) Sep Eurodollar Options(CME) Oct Crude Lt Options(NYM) Oct Sugar-11 Options(NYM) |
* 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!
