February 14, 2014 - Issue #724

In This Issue

1. President's Day Trading Hours
2. Which Market is Right for you?
3. Economic Calendar

1. President's Day Trading Hours

All times Central Time

Globex®

Equity Products

Friday, Feb 14

   4:15 CT – Regular close

Sunday, Feb 16

   5:00 CT – Regular open for trade date Tuesday, Feb 18*

Monday, Feb 17

   10:30 CT – Trading halt (pre-open)

   5:00 CT  – Products resume trading

Tuesday, Feb 18

   4:15 CT – Regular close

Interest Rate & FX Products

Friday, Feb 14

   3:15 CT / 1615 ET / 2115 UTC – Early close

Sunday, Feb 16

   5:00 CT – Regular open for trade date Tuesday, Feb 18*

Monday, Feb 17

   12:00 CT – Trading halt (pre- open)

   5:00 CT – Products resume trading

Tuesday, Feb 18

   4:00 CT – Regular close

Energy, Metals & DME Products

Friday, Feb 14

   4:15 CT – Regular close

Sunday, Feb 16

   5:00 CT – Regular open for trade date Tuesday, Feb 18*

Monday, Feb 17

   12:15 CT – Trading halt (pre-open)

   5:00 CT – Products resume trading

Tuesday, Feb 18

   4:15 CT  – Regular close

Grain, Oilseed & MGEX Products

Friday, Feb 14

   Regular close – Per each product schedule

Sunday, Feb 16

   4:00 CT – Pre–open for trade date Tuesday, Feb18*

Monday, Feb 17

   4:00 CT – Open for trade date Tuesday, Feb 18

Tuesday, Feb 18

   Regular close – Per each product schedule

Livestock, Dairy & Lumber Products

Friday, Feb 14

   Regular close – Per each product schedule for:

• Livestock
• Dairy
• Lumber

Monday, Feb 17

   5:00 CT – Dairy markets open for trade date Tuesday, Feb 18

Tuesday, Feb 18

   9:00 CT – Lumber market open

   9:05 CT – Livestock markets open

Regular close – Per each product schedule

* Note: Session orders entered on Sunday are for trade date Tuesday, Feb 18 and will continue working until Tuesday’s close unless otherwise noted.

*Dates and times are subject to change

For a complete list of Globex schedules please reference the Excel version of the Holiday calendar:http://www.cmegroup.com/tools-information/holiday-calendar/files/2014-presidents-day-holiday-schedule.xls

If you have any questions, please call the CMEGlobalCommandCenter at +1 800 438 8616, in Europe

at +44 800 898 013 or in Asia at +65 6532 5010

Intercontinental Exchange / ICE

Friday, Feb 14

All ICE U.S. products

   Regular close – Per each product schedule

Monday, Feb 17

ICE Futures US Soft’s including US Grains and Oilseeds

   CLOSED

USDX INDEX & FOREX:

   Early close 12:00 P.M. CT and no TAS trading

Russell Index:

   Early close 10:30 A.M. CT and no TAS nor TIC trading

Credit Index Futures:

   Early Close 10:30 A.M. CT and no TAS trading

For a complete list of ICE schedules please reference the Holiday calendar on the ICE web site:

https://www.theice.com/marketdata/Calendar.shtml?calendars=Holiday&expirationEnabled=false&calendars=SpecialTradingHours

The above sources were compiled from sources believed to be reliable.  Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

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2. Which Market is Right for you?

by: Ilan Levy-Mayer VP Cannon Trading

So you got a taste of the markets and trading and now you are getting more involved, excited and looking to progress. Many questions ahead for you as a trader and as time progresses you will evolve and find out if trading is suitable for you and if so what type of trading, what type of risk capital and other questions that will come up. Many of these will appear as you progress and your knowledge increase. Some of these questions need to be answered before you start trading.

1. How much risk capital do I have?

2. What markets do I want to trade?

The answer to question 1 will vary for each trader based on their financial situation but the bottom line is, make sure you trade with money you can afford to lose.

The answer to question 2 has a few levels: First is what asset class are you looking to trade? Stocks/ equities? perhaps FOREX or maybe futures? Since my area of expertise is futures, commodities and future options I would like to expand on this asset class.

Trading futures offers many advantages as well as some drawbacks. For many traders who prefer to day trade ( you enter and exit the position during the same session and avoid holding positions from one day to another), trading futures is a great alternative to day trading stocks. In stocks you need to have minimum of $25,000 to day-trade. In futures you only need $2500. The build in leverage in the futures market, intensified by the even more so reduced day trading margins, creates a double edge sword: Small moves can translate into big wins in your pocket BUT small moves against you will also translate into big losses in your account....

To Read the rest of this article, please fill out the form below.

3. Economic Calendar

Source: Moore Research Center, Inc.

* 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!