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Cannon's Weekly Futures & Commodities Trading Newsletters include: Updates on "Hot Futures Markets", Educational Trading Information, Economic reports and First/Last Trading Days for Various Commodities

Weekly Newsletter: Essential Lessons in Trading Psychology + Trading Levels for July 15th

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Cannon Futures Weekly Letter Issue # 1201

In this issue:
  • Important Notices – Earnings, FED Speakers, Upcoming Reports
  • Futures 101 – Trading Psychology Self help Course
  • Hot Market of the Week – August Crude Oil
  • Broker’s Trading System of the Week – Mini Nasdaq Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices – Next Week Highlights:

  • Fresh Earnings, Fed Powell Monday, Heavy economic Data.
    • On the earnings front ( I always list according to Largest Net Cap) (over 350 earnings reports)
    16th: United Healthcare, Bank of America and Morgan Stanley. 17th Johnson & Johnson. 18th Netflix
    • Fed Speaker menagerie: Chair Powell at the Economic Club of Washington D.C. Monday 11:3.0 am Central , the rest of the week, Kugler, Barkin, Waller, Logan, Daly, Bowman and Williams.
    • Lively Economic Data! (should be lively for market action) Retail Sales, Business Inventories, Building Permits, Housing Starts, Capacity Utilization, Jobless Claims, Philly Fed.
    • Check the calendar for dates and times!

 

 

 

  • Futures 101: Trading Psychology Course

    In this “Trading Psychology” Course you will learn:
    • How to examine your patterns and behaviors and recognize when they are holding you back
    • Maintaining self-confidence as a trader even in the face of inexperience
    • The mathematical expectation model and how it can decrease your losses
    • Determining the trading plan that is right for your trading personality
    • Understanding and using Motivation – Risk – Reward to its full advantage
    • Creating effective trading technique strategies
    • Qualities of Successful Traders
Questions? We are happy to help!

 

 

 

  • Hot Market of the Week – August Crude Oil

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
FREE TRIAL AVAILABLE
August Crude Oil
The rally August crude oil continues to struggle with the spring highs were the chart completed a second upside PriceCount objective. At this point, IF the chart can break out into new sustained highs, the third count would project a run to the $91 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

   Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
PRODUCT

NQ – Mini NQ100

SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$50,000
COST
USD 160 / monthly

The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
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Daily Levels for July 15th 2024

Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

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* 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 here in 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 judgement in trading.

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