March 20th, 2015 - Issue #779
In This Issue
1. Hot Market - U.S. T-Bonds Making Strong Upside Price Move
2. Your New You Trading Resolution?
3. Economic Calendar
1. Hot Market Report - U.S. T-Bonds Making Strong Upside Price Move
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
June U.S. Treasury bond futures prices have made a strong rebound from the March low and the bulls have reclaimed the near-term technical advantage. Bulls also have momentum on their side. See that the shorter-term moving averages I follow (9- and 18-day) are just now producing a bullish line crossover signal, whereby the 9-day crosses above the 18-day moving average. Bond market bulls are looking for more upside price action in the near term.
2. Your New You Trading Resolution?
By: Cannon Trading Inc.
Trading futures is an alluring business that allows an individual a lifestyle filled with many freedoms not available to most working people. This business requires traders to posses a unique set of qualities. The most critical quality a trader needs to have is discipline.
Discipline trumps knowledge. It trumps experience. In fact, without discipline very few traders survive to have enough experience to draw upon as an asset in their trading. The need for discipline is amplified by the very structure of futures trading. The leverage available in futures trading amplifies every decision that a trader makes. Every decision, Good or bad!
Everyday life requires us to constantly make decisions. Do I buy the chicken breasts at $4.95 a pound, or do I buy the hamburger at $3.95 a pound. These types of decisions are non-leveraged decisions, so the impact overall is minimal. We are not buying or selling 400,000 pounds of hamburger as we do when we trade 10 contracts of cattle, while "paying" only a fraction of its total value.
In trading futures, one needs a trading plan. Some of these plans can be
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3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 03/23 Mon |
9:00 AM CDT - Existing Home Sales(Feb) 2:00 PM CDT - Cold Storage |
|
| 03/24 Tues |
7:30 AM CDT - Core CPI & CPI(Feb) 8:00 AM CDT - FHFA Housing Price Index(Jan) 9:00 AM CDT - New Home Sales(Feb) |
FN: Apr Crude Lt(NYM) |
| 03/25 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index 7:30 AM CDT - Durable Goods-Ex Transportation(Feb) 7:30 AM CDT - Durable Orders(Feb) 9:30 AM CDT - API & DOE Energy Stats 2:00 PM CDT - Dairy Products Sales |
|
| 03/26 Thurs |
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Mar Feeder Cattle(CME) Mar Feeder Cattle Options(CME) Apr Copper Options(CMX) Apr Gold Options(CMX) Apr Silver Options(CMX) Apr Natural Gas Options(NYM) Apr RBOB & ULSD Options(NYM) |
| 03/27 Fri |
7:30 AM CDT - GDP-Third Estimate(Q4) 7:30 AM CDT - GDP Deflator-Third Estimate(Q4) 9:00 AM CDT - Michigan Sentiment-Final(Mar) 2:00 PM CDT - Quarterly Hogs & Pigs |
LT: Mar Copper(CMX) Mar Gold & Silver(CMX) Mar Platinum & Palladium(NYM) Apr Natural Gas(NYM) Apr 2,5,10 Year Notes Options(CBT) Apr Bonds Options(CBT) Apr Corn Options(CBT) Apr Oats Options(CBT) Apr Wheat Options(CBT) Apr Rough Rice Options(CBT) Apr Soybeans,Soymeal,Soyoil Options(CBT) |
| 03/30 Mon |
7:30 AM CDT - PCE Prices-Core(Feb) 7:30 AM CDT - Personal Income & Spending(Feb) 9:00 AM CDT - Pending Home Sales(Feb) |
FN: Apr Natural Gas(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!
