February 20th, 2015 - Issue #775
In This Issue
1. Hot Market - U.S. Dollar Bulls Are Fading A Bit
2. Survivor Day Trading
3. Economic Calendar
1. Hot Market Report - U.S. Dollar Bulls Are Fading A Bit
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 that are weighted against the greenback in one composite index. See on the daily bar chart that the dollar index has backed off from the recent 12-year high and has been trading sideways and choppy the past three weeks. See, too, that the shorter-term moving averages I follow (9- and 18-day) have just produced a bearish line crossover signal, whereby the 9-day crossed below the 18-day moving average. The dollar index bulls are fading a bit and need to show fresh power soon, in order to sustain the overall price uptrend.
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.
In this article, learn about how to:
-Preserve Your Trading Capital
-Many Try, Few Succeed
-Be Prepared to Lose
-Take Your Profit
-Keep Greed in Check
-Calculate a Daily Loss Limit
-Stay True to the Rules
To read the whole report, please fill out this form.
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 |
02/23 Mon |
9:00 AM CST - Existing Home Sales(Jan)
|
FN: Mar Cotton(ICE)
|
02/24 Tues |
8:00 AM CST - Case-Shiller 20-City Index(Dec)
9:00 AM CST - Consumer Confidence(Feb)
|
FN: Mar Crude Lt(NYM)
LT: Mar Copper Options(CMX)
Mar Gold Options(CMX)
Mar Silver Options(CMX)
Mar Natural Gas Options(NYM)
Mar RBOB & ULSD Options(NYM)
|
02/25 Wed |
6:00 AM CST - MBA Mortgage Purchase Index
9:00 AM CST - New Home Sales(Jan)
9:30 AM CST - API & DOE Energy Stats
2:00 PM CST - Dairy Products Sales
|
LT: Feb Copper(CMX)
Feb Gold(CMX)
Feb Silver(CMX)
Feb Platinum(NYM)
Feb Palladium(NYM)
Mar Natural Gas(NYM)
|
02/26 Thurs |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly
7:30 AM CST - Core CPI & CPI(Jan)
7:30 AM CST - Durable Goods-Ex Transportation(Jan)
7:30 AM CST - Durable Orders(Jan)
8:00 AM CST - FHFA Housing Price Index(Dec)
9:30 AM CST - EIA Gas Storage
3:30 PM CST - Money Supply
|
FN: Mar Natural Gas(NYM)
|
02/27 Fri |
7:30 AM CST - GDP-Second Estimate(Q4)
7:30 AM CST - GDP Deflator-Second Estimate(Q4)
8:45 AM CST - Chicago PMI(Feb)
8:55 AM CST - Michigan Sentiment-Final(Feb)
9:00 AM CST - Pending Homes Sales(Jan)
|
FN: Mar 2,5,10 Year Notes(CBT)
Mar Bonds(CBT)
Mar Corn(CBT)
Mar Wheat(CBT)
Mar Oats(CBT)
Mar Rough Rice(CBT)
Mar Soybeans,Soymeal,Soyoil(CBT)
LT: Feb Fed Funds(CME)
Feb Live Cattle(CME)
Mar RBOB & ULSD(NYM)
Mar Sugar-11(ICE)
Feb Fed Funds Options(CME)
Mar Lumber Options(CME)
|
03/02 Mon |
7:30 AM CST - PCE Prices-Core(Jan)
7:30 AM CST - Personal Income & Spending(Jan)
9:00 AM CST - Construction Spending(Jan)
9:00 AM CST - ISM Index(Feb)
|
FN: Mar Orange Juice(ICE)
Mar Sugar-11(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!