January 16th, 2015 - Issue #770
In This Issue
1. MLK Holiday Trading Hours
2. Volatility is the Name of the Game
3. Economic Calendar
1. MLK Holiday Trading Hours
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2. Volatility is the Name of the Game
By: Ilan Levy-Mayer, Cannon Trading VP featured on Equities.com
January 16th, 2015
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The last few days of 2014 and the first few weeks of 2015 have shown a much larger volatility than what we saw in 2014. Higher volatility equals wider ranges, faster moves, larger moves and then some. That affects day traders who need to adjust their style and adapt to changing market conditions. From the longer time frame perspectives (days/ weeks) I am looking at a market that has been making new highs for the past six years with very few and minor corrections. Much has been written about quantitative easing. My opinion is that QE was overdone.....read the rest at:
- Click on this link to see more of this article.
Good Trading!
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 1/19 Mon |
MARTIN LUTHER KING, JR DAY |
|
| 1/20 Tues |
9:00 AM CST - NAHB Housing Market Index(Jan) |
|
| 1/21 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 7:30 AM CST - Building Permits & Housing Starts(Dec) |
LT: Feb Platinum Options(NYM) Feb Palladium Options(NYM) |
| 1/22 Thurs |
7:30 AM CST - Initial Claims-Weekly 8:00 AM CST - FHFA Housing Price Index(Nov) 9:30 AM CST - EIA Gas Storage 10:00 AM CST - API & DOE Energy Stats 2:00 PM CST - Cold Storage 2:00 PM CST - Milk Production 2:00 PM CST - Dairy Products Sales |
FN: Feb Crude Lt(NYM) |
| 1/23 Fri |
9:00 AM CST - Existing Home Sales(Dec) 9:00 AM CST - Leading Indicators(Dec) 2:00 PM CST - Cattle On Feed |
LT: Feb 2,5,10 Year Notes Options(CBT) Feb Bonds Options(CBT) Feb Corn Options(CBT) Feb Wheat Options(CBT) Feb Oats Options(CBT) Feb Rough Rice Options(CBT) Feb Soybeans,Soymeal,Soyoil Options(CBT) |
| 1/26 Mon |
|
* 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!
