January 3, 2014 - Issue #718
In This Issue
1. Day Trading indicators and Algorithm free trial
2. Hot Market Review - U.S. Dollar Index Bumps Against Trendline Resistance
3. Economic Calendar
1. Day Trading Indicators and Algorithm Free Trial
Below is a screen shot of the Mini Sp 500 and mini Russell 2000 charts from Aug 23rd 2013
The charts are sierra charts and the signals that appear are based on proprietary indicators developed by Ilan Levy-Mayer of LEVEX Capital Mgmt Inc. and VP of Cannon Trading Co, Inc.
The concept is a mathematical concept that looks for exhaustion in either buying/ selling and reversal. The signals that appear on the charts are alerting you for potential buy or sell IF/ONCE price confirmation occurred (crossing of the hull moving average). Full explanation along with chart samples included in the 23 page PDF booklets that comes with the free trial.
Click to enlarge screenshotsWould you like to have access to the DIAMOND and TOPAZ and 5T ALGOs as shown above and be able to apply for any market and any time frame on your own PC ? You can now have a three weeks free trial where the ALGO is enabled along with few studies for your own sierra/ ATcharts. The trial comes with a 23 page PDF booklet AS WELL AS A ONE ON ONE REMOTE SESSIONwhich explains the concepts, risks and methodology in more details.
TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS. THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
If you like this Newsletter, Please share!To start your trial please provide a VALID email and phone number:
Day Trading Indicators and Algorithm Free Trial
Cannon Trading respects your privacy and will never give this information to a 3rd party.2. Hot Market Review - U.S. Dollar Index Bumps Against Trendline Resistance
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
The U.S. dollar index is a basket of six major currencies weighted against the greenback. See on the daily bar chart that the USDX has rallied from the recent low but has now bumped up against trendline resistance. The bulls will have to push prices above solid resistance at the 81.00 level to gain fresh upside technical momentum.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 01/06 Mon |
9:00 AM CST - Factory Orders(Nov) 9:00 AM CST - ISM Services(Dec |
|
| 01/07 Tues |
7:30 AM CST - Trade Balance(Nov) |
|
| 01/08 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 7:15 AM CST - ADP Employment Change(Dec) 9:30 AM CST - API & DOE Energy Stats 2:00 PM CST - Consumer Credit(Nov) 3:00 PM CST - Dairy Products Sales |
|
| 01/09 Thurs |
6:30 AM CST - Challenger Job Cuts(Dec) 7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
|
| 01/10 Fri |
7:30 AM CST - Ave Workweek & Hourly Earnings(Dec) 7:30 AM CST - Nonfarm Payrolls(Dec) 7:30 AM CST - Unemployment Rate(Dec) 9:00 AM CST - Wholesale Inventories(Nov) 11:00 AM CST - WASDE Report & Crop Production 11:00 AM CST - Grains Stocks 11:00 AM CST - Winter Wheat Seedings |
LT: Jan Orange Juice(ICE) Jan Eurodollar Options(CME) Feb Coffee Options(ICE) |
| 01/13 Mon |
1:00 PM CST - Treasury Budget(Dec) |
* 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!
