This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.
Tomorrow is Wednesday, the first trading day in February 2023 as well as FOMC day.
To add some fuel to the fire, we will have ADP, JOLTS and ISM PMI earlier in the day as well as crude oil numbers!!
Busy day to say the least……
The market is expecting a hike of 25 basis points.
4111 is a MAJOR resistance level for the March SP 500.
Trading on FOMC days
The following are my PERSONAL suggestions on trading during FOMC days:
· Reduce trading size
· Be extra picky = no trade is better than a bad trade
· Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
· Expect the higher volatility during and right after the announcement
· Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
· Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
· Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
· Know what the market was expecting, learn what came out and observe market reaction for clues
· Be patient and be disciplined
· If in doubt, stay out!!
A Cannon broker will be able to assist, provide feedback and answer any questions.
Chart below 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.
PriceCounts – Not about where we’ve been , but where we might be going next!
The July -Dec Corn spread is extending it’s rally into new highs where the chart is taking aim at its first upside priceCount objective near 92 cents. Curious about spreads? Read more here.
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 02-01-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
By John Thorpe, Senior Broker
A week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies. Markets have been veering recently on worries that the economy and corporate profits may be set for a steep drop-off, along with competing hopes that cooling inflation will get the Federal Reserve to take it easier on interest rates.
The central bank’s next decision on rates is coming Wednesday, and most investors expect it to announce an increase of just 0.25 percentage points. That would be the smallest increase since March, following a spate of hikes of 0.75 points and then a 0.50-point increase, and it would mean less added pressure on the economy. The big question is whether Fed Chair Jerome Powell on Wednesday afternoon will give markets what they want to hear — hints that rate hikes will end soon and rate cuts may even be possible late this year — or stick to the Fed’s mantra that it plans to keep rates higher for longer, even if a modest recession hits.
Central Banks for the U.K. and Europe are also set to announce the latest increases this week. In addition more than 100 companies are scheduled to announce this week , Tech heavy’s Apple, Amazon and Alphabet to name a few and weight the S&P 500 Index the heaviest at weeks end we have Non Farm Payrolls whose expectations are characterized here at www.econoday.com Released On 2/3/2023 8:30:00 AM For Jan, 2023
Plan your trade and trade your Plan
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 01-31-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Core PCE tomorrow. While not expected to move the markets like PPI and CPI, we still may see some volatility.
Personal income is expected to edge 0.2 percent higher in December with consumption expenditures expected to decrease 0.1 percent. These would compare with respective November gains of 0.4 and 0.1 percent. PCE inflation readings for December are expected at no change overall and up 0.3 percent for the core (versus respective gains of 0.1 and 0.2 percent) for annual rates of 5.0 and 4.4 percent (versus November’s 5.5 and 4.7 percent).
Plan your trade and trade your Plan
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 01-27-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
By Mark O’Brien, Senior Broker
Grains / Soy complex: For Soybeans and corn interests, many eyes are on South America, where because their crop year runs counter to here in the U.S., large producers like Argentina and Brazil are approaching harvest. Brazil is set for a bumper soybean crop. Argentina is experiencing drought conditions which are more adversely affecting their corn crop than their soybeans. Traders believe the soybean crop can recover more significantly from the heat and drought as compared with the corn crop.
Gold & Silver: precious metals analysts often look to ETF holdings for guidance on gold and silver futures prices, eyeing inflows and outflows for developing patterns. To wit, both gold and silver ETF holdings are sitting above their levels at the start of the year
Energy: Crude oil traded to a 4-day low this A.M. The likely catalyst could be Chinese energy demand, which seems to be linked to COVID infection rates in that country, whish show little signs of peaking yet. Support at $80.00 per barrel (March contract) looks vulnerable unless we see some confirmation of improving conditions inside China.
Plan your trade and trade your Plan
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 01-26-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
By John Thorpe, Senior Broker
“The Week Ahead” next F.O.M.C. meeting is to be held Next Tuesday and Wednesday Jan. 31st – Feb . 1 as such we have entered the FOMC Board of Governors Blackout time frame. As discussed previously, no members may discuss policy until the rate announcement on Feb. 1st. so there shouldn’t be too many surprise moves that occur in the financial markets usually generated from speaking engagement commentary. Fed Chairman Powell had tested positive for Covid19 but is expected to attend the meeting either in person or remotely as his symptoms are mild.
Of note this week is Q4 GDP on Thursday @ 7:30 am CST and perhaps jobless claims for the week at the same time. This, if a surprise, could shake the financial markets a bit in the short run. Earnings will be the main cause of market movement until next weeks FED Meeting. The Busy Calendar includes Microsoft Tesla, IBM, Intel, American Airlines, Valero, Chevron and Haliburton. This is the Golden Week as China is celebrating it’s lunar New Year, the impact on volume may or may not be seen in some markets but not all. Plan your trade and trade your Plan
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 01-24-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Many different factors go into trading. Too many to discuss efficiently in one blog post. Some relate to trading techniques, other to money management, mental aspect, risk capital and much more.
But one that sticks in my eyes is the inability to accept a loss. I see many clients who can make money and have days where they make money but when they lose, they lose much more, sometimes even losing control and losing a big portion of their account.
I am not sure how a trader can embed this into their trading mind, BUT in my opinion if you train your brain to expect losses, understand losses and that losing days will happen, you will increase your chances of surviving in this business, which in return will actually give you a chance to succeed….
Losses are part of trading and as long as your losses are part of the plan and are quantified in advance and you can adhere to your rules, then you have a chance. I think it’s easy when traders are winning…making money etc. Much harder when you lose or down. your brain starts playing tricks on you…it tells you to double down, maybe reverse even though your analysis does not say so….all of a sudden you start pulling trades out of instinct, fear rather than a calculated plan that has solid risk/ reward.
If a trader learns how to lose, to accept losses, to have realistic expectations, then he/ she can avoid having one of those terrible days when traders can lose almost of all their account.
Also, while a bit easier in my mind, a day trader should also step away when he/she reached a predefined profit target for the trading day. In my humble opinion, the more you day trade, the more fatigued you become and larger chances for errors. Somewhat like a pro basketball player managing their playing minutes….
I went into this subject and detailed day-trading money management in an article I wrote a few years back for SFO magazine.
Click here to read the rest of the Article
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 01-20-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
By Mark O’Brien, Senior Broker
General: Even in the face of solid COVID uncertainty for China, a persistent fear that the Fed will overtighten and that a recession is looming here in the U.S., there are some green shoots (thank you to former U.K. Chancellor of the Exchequer Norman Lamont for coining that term back in ‘91) to indicate signs of improvement for the economy, including growing sentiment that the beginning of the end for rising interest rates – and inflation – is on the horizon.
Take commodity prices for example.
Several that are in tight supply are now responding by tracking higher as a result of modest improvements in demand for their manufactured products. Copper prices – historically viewed as a leading indicator – are up over 30% in the last six months, including a ±14% increase this month so far. Silver is up ±25% since Sept. to year-ago prices around $24/oz. Crude oil has pressed upwards above ±$80/barrel, ±$10 higher this month and on par with prices from last Feb.
At the same time, these higher prices for industrial products have helped keep inflation readings – CPI, PPI notably – stubbornly high with only slight signs of downward movement in the last few releases. This is almost certainly narrowing the runway on which the “Fed Pivot” will eventually use to try landing the economy as softly as possible this year.
Energies: Heads up! As opposed to most weeks when they’re released on Wednesday and Thursday, this week’s Energy Information Agency reports on natural gas storage and crude oil supplies will be released on the same day: tomorrow at 9:30 A.M. and 10:00 A.M., Central Time, respectively. That’s natural gas storage first, followed by crude oil supplies. The Martin Luther King Day holiday effected this schedule change.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 01-19-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Here is a link of a video I took last week during CPI that shows the “vacuum” and much lower liquidity traders need to be aware of.
Trading Resource of the Week – “Trading Around Key Economic Reports” FREE Course
In this “Trading Around Key Economic Reports” FREE Course you will learn:
· What is CPI?
· About the Retail Sales Report
· What is NFP ( non farm payroll) Report?
· Understanding US housing Data
· FOMC
· Understanding Oil Data Report
· Importance of Consumer Confidence Survey
Expand Your Trading Knowledge NOW!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 01-18-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
Please see abbreviated trading hours HERE and summary below.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 01-13-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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.
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.
New Crop Kansas City Wheat to head lower?? WASDE Thursday may provide more clues.
PriceCounts – Not about where we’ve been , but where we might be going next!
Please contact a Cannon Broker if you have any questions about trade strategy, set-ups and risk management techniques as we start the new year! Plan your trade and trade your plan.
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 Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 01-10-2023
#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F
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.
*Dates and times are subject to change
If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010
More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html
Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours
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.
By John Thorpe, Senior Broker
The most volatile event this week off the economic data calendar will almost certainly be the December CPI at 7:30 CST on Thursday. The core CPI was up 6.0 percent in November, coming down from its near-term peak of up 6.6 percent in September.
The total CPI was up 7.1 percent year-over-year in November and has been on the decline since the near-term peak of up 9.1 percent in June.. It is expected that the December report will see a little more easing in upward inflationary price pressures. https://www.bls.gov/cpi/
In the agriculture sector, this week highlights the WASDE USDA Crop Production, Supply/Demand and winter wheat seedings all following suit on Thursday at 11:00 am CST. Although North American crop land is experiencing winter weather it is summer time in South America and we will get meaningful numbers from Brazil and Argentina row crop production in this World Ag Supply and Demand Estimate. https://www.usda.gov/oce/commodity/wasde
Please contact a Cannon Broker if you have any questions about trade strategy, set-ups and risk management techniques as we start the new year! Plan your trade and trade your plan.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 01-10-2023
#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F
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.
By Mark O’Brien, Senior Broker
“I don’t think anyone knows whether we’re going to have a recession or not, and if we do, whether it’s going to be a deep one or not,” Jerome H. Powell, the Fed chair, said during his FOMC news conference back in mid-December. “It’s not knowable.”
And with this in mind, it’s not far-fetched to expect the markets that have been most disrupted in recent years will to continue to ricochet in 2023.
Policymakers will continue to try to guess what lies ahead and they’ll continue to make predictions by looking at historical data, which has always been critical to those who make those predictions. Flying in the face of that approach is that over the last three years – roughly the duration of the pandemic – the past is proving anything but a reliable guide.
The economy rebounded from the hit it incurred at the onset of the coronavirus – faster and stronger than expected. Then, shortages of goods collided with strong demand and fueled a burst in inflation, one that has been both more extreme and more stubborn than anticipated.
Now, we have a year in which the Federal Reserve raised interest rates at the fastest pace since the 1980’s – in their efforts to slow growth and bring those rapid price increases back under control. The war in Ukraine has and will almost certainly continue to impact energy and grain prices. And with China’s Covid policy charting an unclear future for the world’s second largest economy, the future is still extraordinarily uncertain.
Will the Fed’s policies spur a recession? Or, will the economy gently cool down, taming high inflation in the process? How will commodity prices react? Commodities futures traders, Central bankers, economists, the current administration’s officials all will be trying to guess what might lie ahead for the economy in 2023.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 01-05-2023
#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F
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.
We started out 2023 with a bit better volume across the board and some large moves across different markets.
Still not the volume we saw in the first week of December but as large traders return from holidays the volume will pick up.
We have a busy day tomorrow!
ISM PMI
JOLTS
FOMC Minutes.
If anyone has holidays “hangover” tomorrow should cure that out as I expect some larger moves and higher volatility.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 01-04-2023
#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F
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.
From the CME Globex Control Center, executive summary:
Fri. Dec. 30 = ALL NORMAL closes
Mon. Jan. 2 – DAY = ALL GLOBEX CLOSED
Mon. Jan. 2 – EVENING = NORMAL opening and pre-opening for all,
(except grains and livestock = pre-open and open on Tues. morning)
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-30-2022
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.
Tomorrow we have weekly unemployment claims.
Natural gas numbers at 9:30 Am central followed by Crude Oil numbers at 10 AM central.
Volume is LIGHT so large orders can move the markets and at times exaggerate moves.. Mini SP avg last few weeks was over 2.2 million contacts per day, today only 1.1 mil so 50% of the volume…
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-29-2022
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.
We wish you all a safe and joyous holiday!!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-28-2022
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.
Christmas 2022 Trading Schedule
We wish you all a safe and joyous holiday!!
From the CME Globex Control Center, executive summary:
Fri. Dec. 23 = ALL NORMAL closes
Mon. Dec. 26 (day) = CLOSED, all mkts.
Mon., Dec. 26 (night) = NORMAL opening and pre-opening for all – EXCEPT grains and livestock remain closed.
Tues., Dec. 27 = grains and livestock 8:30 a.m. market re-opening.
Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-23-2022
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.
Nearly 10 million contracts traded and counting
For the past five years, Bitcoin futures have provided a regulated, transparent marketplace for cryptocurrency derivatives trading, all backed by CME Group’s time-tested financial safeguards.
Since launching in 2017, Bitcoin futures have seen notable growth in volume, open interest and customer participation, paving the way for additions to CME Group’s market-leading Cryptocurrency product suite in 2022 – including options on Micro Bitcoin and Micro Ether futures, 21 new CME CF cryptocurrency benchmarks (most recently on three more DeFi tokens), and more.
Looking to learn more about Bitcoin futures?
Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-22-2022
#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F
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.
Busy day tomorrow: Existing home sales @9:00 am CDT
Consumer Confidence @ 9 AM CDT as well
Energy numbers at 9:30 AM central.
If you like to trial audio news service, we have special pricing and offer for Cannon’s clients and prospects!
The equivalent of a financial police radio, TradeTheNews.com covers economic numbers, interest rate decisions, stock up/down grades, rumors, central banker speak, energy news, terrorism, geopolitical developments and natural disasters in real-time.
Christmas 2022 Trading Schedule
Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-21-2022
#ES_F, #NQ_F, #YM_F, #RTY_F, #XBT_F, #GC_F, #SI-F, #CL-F, #ZB_F, #6E_F, #ZC_F, #ZW_F, #ZS_F, #ZM_F, #NG_F
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.
By John Thorpe, Senior Broker
A full week of trading!
Before I get into the market moving events for the week I would be remiss if I didn’t mention holiday light volume going into this weekends 3 day weekend. The best times to trade will be around the openings and closings while sprinkling in a few post report time frames.
The Housing market and GDP highlight this weeks market movers. Tuesday 7:30 am CST Housing Starts. Wednesday Existing home sales @9:00 am CST And Friday , same time New Home Sales.
Smattered in between we have Consumer Confidence On Wed @ 9 AM CDT , GDP on Thursday @ 7:30 CDT PREMARKET, this should be a big mover if it’s off the mark. Friday two more premarket numbers that could create the last volatility for the day and exhaust the energy for the week in the equity markets, they are Durable goods orders and personal income both at 7:30 CDT and will give the FED more information relative to efficacy of their current fed policy objectives.
Christmas 2022 Trading Schedule
Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-19-2022
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.
START TRADING MARCH CURRENCY FUTURES AS WELL!
Heads up traders:
Triple Witching is near. For those of you trading stock index futures – any size S&P 500, Nasdaq, Dow Jones, Russell 2000 – remember that this Friday at 8:30 A.M. Central Time, those contracts’ December futures expire and will no longer be available for trading. If you happen to hang on to any Dec. contracts past that time, they will automatically be offset via the cash settlement price of that contract. For you stock index futures options traders, if you to hang on to any Dec. options, the cash settlement price will determine whether your options are in or out of the money, in which case they will either expire worthless or be instantly exercised/assigned, valued and offset by the cash settlement price. Stock options also expire this Friday, thus the triple witching expression (no supernatural phenomena will appear at this time).
Final Settlement Procedures
Quarterly settlement of S&P 500, E-mini S&P 500, S&P MidCap 400, E-mini S&P MidCap 400, S&P 500 Citigroup/Growth and Value and SPCTR Index futures and options on futures are based on a Special Opening Quotation of the relevant underlying index. The Special Opening Quotation for each index is based on the opening price of each component stock in that index on expiration Friday.
Special Opening Quotations (SOQ) generally differ from the opening index value of each index because all stocks do not open immediately. For example, on typical days surveyed by CME Group, most S&P stocks open quickly, with around 95% open within 15 minutes and 98% open within 30 minutes. Other indexes with larger numbers of stocks may take longer to open.
Please contact your broker if you have any questions about your positions. And remember, the next front month for these contracts – March – is already well traded and available.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-16-2022
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.
ROLL to MARCH 2023 equity contracts as we are seeing more volume in the March Contracts than in the December ones the symbol for March is H so a micro e-mini S&P contract will be MESH23. Thursday we get Jobless claims, Retail sales and Industrial production.
The following are my PERSONAL suggestions on trading during FOMC days:
· Reduce trading size
· Be extra picky = no trade is better than a bad trade
· Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3925.00 with a stop at 3919.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3919.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
· Expect the higher volatility during and right after the announcement
· Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
· Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
· Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
· Know what the market was expecting, learn what came out and observe market reaction for clues
· Be patient and be disciplined
· If in doubt, stay out!!
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-14-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Feb. Gold #GC_F March Silver #SI_F Jan. Crude Oil #CL-F March Bonds #ZB_F March 10 yr #ZN_F March Corn #ZC_F March Wheat #ZW_F March Beans #ZS_F March SoyMeal #ZM_F Jan. Nat Gas #NG_F March Coffee #KC_F March Cocoa #CC_F March Sugar #SB_F March Cotton #CT_F March Euro Currency
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.
By John Thorpe, Senior Broker
A Volatile week ahead.. CPI, FOMC, and Thursday, a number of market movers : Take Note: this is Rollover week for the Equities!
The Consumer Price Index release has been a boom or bust for many accounts and there are very few reasons to expect the November reading to create any less price movement in the Equities, Interest rate products, Currencies and Precious metals markets. 12/13, tomorrow morning at 7:30 CST sharp this report will be released! Year over Year CPI is expected to be tempered a little and come in @ 7.3% compared to 7.7% last month. Remember expectations are baked into current futures prices. FOMC meets this week and will announce it’s final fed funds policy move for 2022. The rate decision will be on 12/14 Wednesday at 1 P.M. CDT promptly and the news conference with Fed Chair Jerome Powell at 1:30 P.M. CDT to follow. ROLL to MARCH 2023 equity contracts as today is the first day we are seeing more volume in the March Contracts than in the December ones the symbol for March is H so a micro e-mini S&P contract will be MESH23. Thursday we get Jobless claims, Retail sales and Industrial production.
I recommend the sideline tomorrow morning at 5:30 CDT and at 11:30 CDT on Wednesday for the CPI and FOMC numbers. We/you can’t determine the strength of the initial move then the capitulation with any certainty at all during these events. As always , plan your trade and trade your plan
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-13-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Feb. Gold #GC_F March Silver #SI_F Jan. Crude Oil #CL-F March Bonds #ZB_F March 10 yr #ZN_F March Corn #ZC_F March Wheat #ZW_F March Beans #ZS_F March SoyMeal #ZM_F Jan. Nat Gas #NG_F March Coffee #KC_F March Cocoa #CC_F March Sugar #SB_F March Cotton #CT_F March Euro Currency
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.
By Mark O’Brien, Senior Broker
There’s an analogy drawn from military strategy to trading strategy that’s worth noting. It’s origin dates to the 1890’s and a German field marshal, but the more well-known versions come from Winston Churchill and Dwight D. Eisenhower. Churchill said, “Plans are of little importance, but planning is essential,” while Eisenhower said, “Plans are worthless, but planning is everything.” The eminent military strategist Mike Tyson advanced this view of planning with what might be his most famous quote: “Everyone has a plan until they get punched in the mouth.” The take-away from these words: nothing fully prepares you for trading like actual trading. Similar to going to battle, or in Mr. Tyson’s case, getting into a boxing ring, in trading you can plan all you want, i.e., paper trade, or trade with a demo version of a trading platform and a hypothetical account balance, but no amount of time dedicated to these activities will satisfactorily develop your capacity for trading. Trading with a live, real money account will impact your mood, your judgement, your market opinions, your wits like no amount of mock trading will. This is not a prodding to do anything you’re not ready to do. Just don’t count on paper trading or demo trading to look like real trading. That is a whole distinct undertaking.
MICROS may be a good tool for some traders to step from demo to live, to test different strategies and in general when volatility is high, trading capital is low etc.
PPI Tomorrow!
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-09-2022
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.
*Dates and times are subject to change
If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010
More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html
Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours
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.
*Dates and times are subject to change
If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010
More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html
Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours
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.
By Mark O’Brien, Senior Broker
Energy:
After starting the year near $72 per barrel, by June, West Texas crude oil (Jan. ’23 futures contract) climbed to its highs above $108 per barrel. Today, Jan. crude oil traded to an intraday low of $71.75, a ±$36 per barrel (±$36,000) leap and fall.
Not to be out don’t, after breaching $10.00 per million British thermal units in early August, natural gas traded below $5.34 intraday yesterday, a whopping ±46% cut in the asset’s value and a ±$46,000 move for a single futures contract (Jan. ’23 futures contract).
Metals:
Albeit experiencing a slight correction this week so far, gold (Feb. ’23 futures contract) managed to hold nearly all of its ±$170 rally through $1,800 per ounce off its multi-year lows of early November near $1,635 per ounce – a ±$17,000 move in one month.
Announcements:
Keep an eye on the calendar for important U.S. government reports this Friday, starting with the Labor Department’s release of its Producer Price Index showing the cost of wholesale goods and services. The reading reflects what companies pay for supplies such as grains, fuel, metals, lumber, packaging and so forth. This is a key inflation gauge in the midst of four-decade high wholesale prices. Release time: 7:30 A.M., Central Time.
Also on Friday, the USDA will release its Crop Production Report along with its World Supply/Demand report (likely the more critical). It’s delivered at 11:00 A.M., Central Time.
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-08-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Feb. Gold #GC_F March Silver #SI_F Jan. Crude Oil #CL-F March Bonds #ZB_F March 10 yr #ZN_F March Corn #ZC_F March Wheat #ZW_F March Beans #ZS_F March SoyMeal #ZM_F Jan. Nat Gas #NG_F March Coffee #KC_F March Cocoa #CC_F March Sugar #SB_F March Cotton #CT_F March Euro Currency
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.
By John Thorpe, Senior Broker
Fed refers to it as a “Blackout Period.”
Federal Reserve policy limits the extent to which FOMC participants and staff can speak publicly or grant interviews during Federal Reserve blackout periods, which begin the second Saturday preceding a Federal Open Market Committee (FOMC) meeting and end the Thursday following a meeting.
The current “Blackout Period” is December 3rd through December 15th.
Of particular note this week, Pay attention to Jobless Claims on Thursday and Price Index PPI Final Demand on Friday. Both reports will be disseminated @ 7:30 CST pre equity market open, as usual. Keep your trading journal up to date; Plan your trade and trade your plan.
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-06-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Feb. Gold #GC_F March Silver #SI_F Jan. Crude Oil #CL-F March Bonds #ZB_F March 10 yr #ZN_F March Corn #ZC_F March Wheat #ZW_F March Beans #ZS_F March SoyMeal #ZM_F Jan. Nat Gas #NG_F March Coffee #KC_F March Cocoa #CC_F March Sugar #SB_F March Cotton #CT_F March Euro Currency
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.
Join our private Facebook group for additional insight into trading and the futures markets!
Weekly Levels
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
NFP – Non farm Payrolls tomorrow. This is a market moving economic reports and the last few months we have seen some very SHARP moves right around the number. Be prepared!
Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month. Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day.
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 12-02-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Feb. Gold #GC_F March Silver #SI_F Jan. Crude Oil #CL-F March Bonds #ZB_F March 10 yr #ZN_F March Corn #ZC_F March Wheat #ZW_F March Beans #ZS_F March SoyMeal #ZM_F Jan. Nat Gas #NG_F March Coffee #KC_F March Cocoa #CC_F March Sugar #SB_F March Cotton #CT_F March Euro Currency
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.
Start trading March grains, March silver, March bonds and other interest rates, February gold. First notice day is Wednesday.
Tomorrow is also the last trading day of the month – busy day with different reports and Fed’s Powell speaking..
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-30-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By John Thorpe, Senior Broker
You’ll often hear us say ‘plan your trade and trade your plan’.
I’ll add to that “and keep a detailed Trading Journal or Trading Diary”.
There are a number of important ways you can develop as a trader by documenting and reviewing your daily trading activity.
Date and time
Position size ( in notional value relative to your account size)
Details of the transaction, Long or Short, entry price, risk management used (stop, option or spread) trade outcome. Keep notes of specific market behavior during times like holiday trading, specific reports ( CPI, NFP etc.)
Record your why, your rationale for the trade. Record your emotional state (well rested, anxious, excited) Was it a busy day?, did you monitor the trade?, did you go to the gym?, did you leave for a few hours? Why did you close the trade? Did you get nervous? Was the market beginning to change complexion?
Setting aside time to review your journal once a week is highly recommended to gain the maximum use out of the experience. A trading journal or Trading Diary is not just about the initial documentation, but the review is what will create a better understanding of triggers, both good and bad that you can learn from and improve your trading strategy for years to come.
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-29-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Cannon Trading extends a warm thank you to all of our clients for a memorable and safe holiday. Blessings to all.
Make sure you are aware of the trading schedule for the markets you trade! Some Markets will be open each day under abbreviated hours, some markets like the agricultural, grain and livestock venues will be closed Thursday and short hours Friday.
By Mark O’Brien
This week, the U.S. Justice Department announced that two Estonian citizens were arrested for their alleged involvement in a $575,000,000 cryptocurrency fraud and money laundering conspiracy.
Also this week, a notable Chinese venture investor, Bo Shen revealed he lost $42 million worth of crypto as a result of a theft from his personal wallet. Most of those assets were denominated in US Dollar Coin (USDC), a stablecoin created jointly by fintech company Circle, and crypto exchange Coinbase.
Most notably in the news recently, the collapse of crypto platform FTX continues to rattle the world of digital assets. In this instance, FTX’s customers’ funds on are still frozen, and they are losing hope they will ever get much back. It’s customers number in the millions. The 50 largest creditors alone are owed more than $3 billion dollars.
It makes you wonder about the safety and integrity of trading crypto assets.
Let this be a reminder that the world’s largest futures and options exchange – the CME Group – offers you a choice for managing cryptocurrency risk with Bitcoin and Micro Bitcoin futures and options. With efficient price discovery in transparent futures markets, prices based on the regulated CME CF Bitcoin Reference Rate (BRR) and easily traded on your supported trading platform.
Take the worry out of your crypto trading.
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-24-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Could be a busy, volatile day tomorrow ahead of Thanksgiving!
We have a day full of reports!
Home sales, Flash services PMI.
Both crude oil and natural gas numbers tomorrow. Crude as usual at 9:30 AM central and natural gas at 11 AM central.
FOMC Minutes as well.
Make sure you are aware of the trading schedule for the markets you trade! Some Markets will be open each day under abbreviated hours, some markets like the agricultural, grain and livestock venues will be closed Thursday and short hours Friday.
Cannon Trading extends a warm thank you to all of our clients for a memorable and safe holiday. we will continue to post the exchange hours throughout the week. Blessings to all.
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-23-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By John Thorpe, Senior Broker
A National Day of Thanks!
For those who enjoy the history of any day or event I’ve included a historical highlight from history.house.gov of the national Thanksgiving holiday from George Washington’s Proclamation Nov. 26, 1789 through a House of representatives bill, signed into law in December of 1941 as a national day of thanks. https://history.house.gov/Historical-Highlights/1901-1950/The-Thanksgiving-holiday/
During this week, volume tends to trickle compared to no holiday weekday trading. ES volume today was about 60% of the volume last Monday.
Some Markets will be open each day under abbreviated hours, some markets like the agricultural, grain and livestock venues will be closed both Thursday and Friday.
Cannon Trading extends a warm thank you to all of our clients for a memorable and safe holiday. we will continue to post the exchange hours throughout the week. Blessings to all.
A Cannon broker will be able to assist, provide feedback and answer any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-22-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
*Dates and times are subject to change
If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010
More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html
Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours
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.
11-21-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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
By John Thorpe, Senior Broker
When looking at a level II Depth of Market D.O.M. display we see the bids and offers 10 deep on either side of the market. This used to be tradeable information until the Algorithms started to become more prevalent around 2008-9 and created a less transparent, meaningful order book. Orders or rather, Bids and Offers would be cancelled and replaced making it difficult to see where the aggression was playing out giving the trader a clear as mud picture of price direction. Footprints reveal Points of Control P.O.C. ( highest volume price levels within the time frame bar) and can provide an area of decision making separate or in conjunction with S & R levels, Fib levels or similar areas of probability. Footprint charts, when mastered can reveal order book imbalances , Buy or Sell imbalances and give you, the trader the ability to identify your side of the market as you always want to buy with more aggressive bidders and sell with more aggressive offers.
Using Footprint charts may aid in trade management.
Cannon offers several trading platforms that offer unique insight into order flow, footprints, market profile and MORE!
Demos are available for the platforms below:
and a few others.
A Cannon broker will be able to assist, provide feedback and help you evaluate.
Plan your trade and trade your plan.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-18-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By Mark O’Brien, Senior Broker
The CME Group and ICE observe Thanksgiving, Christmas and New Year’s Day. “Observe,” translates to abbreviated trading hours for some the major commodity markets.
It’s a good idea to know the abbreviated trading hours and the best place to go for these is straight to the source.
The link below will take you to the page on the CME Group web site where you’ll find the 2022 CME Globex Trading Schedule:
https://www.cmegroup.com/tools-information/holiday-calendar.html
The link below will take you to the page on the ICE web site where you’ll find the 2022 ICE U.S. Trading Schedule:
Important date on the calendar:
It’s not too early to give traders the heads up: Wednesday, Nov. 30 is First Notice Day for a slew of major futures contracts, including December Financials (T-bonds, T-notes), December grains (corn, Chi., K.C., MN wheat, Soybean oil, Soymeal) and December metals (gold, silver & copper). Plan to roll your long positions to the next front month in the days ahead.
Remember, all these contracts are deliverable, meaning if you hold any long position through First Notice Day, you’re giving the exchange notice that you intend to take physical delivery of the futures contract’s underlying commodity, like 5,000 bushels of corn. In case you haven’t contemplated the size of that, it’s 280,00 pounds, or 140 tons of corn. It would take two standard 45-ft. shipping containers to bring that to your front door. Incidentally, you’ll receive a $100,000 10-yr. Treasury note if you hold its futures contract through First Notice Day.
Plan your trade and trade your plan.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-17-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Gold may again be on the March.
By John Thorpe, Senior Broker
Recently we have had a bit of a breakout in the spot gold contract prices traded through our platforms and the CME/Nymex. The contract is a 100 troy oz deliverable contract GCZ22. There are also , smaller sized contracts, Micro’s MGCZ22 10 troy ounces and Mini’s QOZ22 50 troy ounces Financially settled. These contracts offer not only a great day trading tool but also a wonderful way to control an interest in a tangible asset class. Much has been, currently is and will continue to be written about Gold as a hedge during times of uncertainty. How prices will move as an effect of whatever the cause will always be open for debate.
From Executive order 6102 signed in 1933, President Franklin Roosevelt forbid the hoarding of gold coin, bullion and certificates to the initiation of the gold standard from the 1944 Bretton Woods agreement, to Nixon’s “temporary” suspension of the dollar’s convertibility into gold in 1972, Global Governmental policy has often interceded in the convertibility of the U.S. Dollar and the value of gold in the past 100 + years. Wherever the price of gold has been or where it is currently headed, there is no doubt that it remains a valuable asset class of it’s own so it does bear to watch the price closely as it appears to be breaking from a long slumber. In the short run I see Dec 22 and Feb 23 gold prices needing to test lower levels around 1738 1744 respectively, before this market, if a breakout is in the cards, will develop into a true upside breakout and in fact, will test multi year highs. Personally, I believe the fundamentals aren’t quite right for a big move from here, but the technical indicators certainly are screaming “look at me”, for now I will watch and wait.
Daily chart for your review below.
Plan your trade and trade your plan.
Daily Gold Futures Chart
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-15-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
This morning at 7:30 A.M., Central Time / 5:30 A.M., Pacific Time, the Bureau of Labor Statistics released its Consumer Price Index Report, which measures the prices paid by consumers for a basket of consumer goods and services. Instantly, stock index futures experienced EXTREME volatility. The E-mini $5 Dow Jones futures contract (YMZ22) jumped ±500 points (a ±$2,600 per contract move) in less than 10 seconds. The E-mini S&P 500 futures contract (ESZ22) jumped ±100 points (a ±$5,000 per contract move) within that same short span of time.
What happened? We wrote about this topic in detail a few weeks ago. Read More!
If you are a day trader, make sure to check your calendar for when these important reports will occur. Not being prepared may result in severely consequential results for your trades and your account.
Check out the 10-second chart below showing today’s market movement.
Also tomorrow is Veteran’s Day. While banks are closed, the futures markets will be open regular hours.
Mini S&P 10 Second Chart
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-11-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By Mark O’Brien, Senior Broker
To the extent that the futures markets are taking cues from the results of yesterday’s U.S. mid-term elections, the wait will continue. As had been widely believed, Election Day did not translate to Results Day. A number of key Senate races remain uncalled – including contests in Nevada and Arizona as well as in Georgia which will go to a runoff. The shape of the House also remains uncertain.
A few notable firsts:
Looking beyond this, it looks like the heightened volatility in stocks and the majority of other futures sectors is here for the long run. You’re seeing big price swings due to factors like the war in Ukraine, elevated oil prices, residual supply chain issues, historically elevated grain & food prices and global central banks’ efforts to tame inflation, just to name some of the more influential forces. We’ll be apprised yet again of the inflation situation here in the U.S. with tomorrow’s release of the Bureau of Labor Statistics’ Consumer Price Index Report, which measures the prices paid by consumers for a basket of consumer goods and services (7:30 A.M., Central Time). Due to the Veterans’ Day holiday this Friday, we’ll need to wait ‘til the following Tuesday for the corresponding Producer Price Index.
Metals notes:
Dec. Silver traded to 5-month highs yesterday trading a up to $21.72 intraday, off a ±$1.44 ($7,200) move up last Friday. Since then, Dec. gold has increased ±$90/ounce ($9,000) to above $1,700/ounce after posting 19-month lows on Nov. 3.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-10-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By John Thorpe, Senior Broker
The simple answer is: No. Clearly, markets need certainty to thrive. Volatility heats up when monetary and fiscal policy uncertainty peak. A National election is an opportunity for the equity markets to react to potential outcomes before, during, and after the election. Behaving just as markets do prior to a FED rate announcement. Market reactions have been historically varied during midterm elections. Currently, several outlets are reporting the least likely election outcome is for Democrats to retain control of the National Government levers. Conversely, the same outlets are calling for a divided government, and will most likely be the outcome of today’s voting. One party controls the House of Representatives and the other controls the Senate. An outcome other than this will roil the markets. A word of caution to not over extend/over-leverage as the results come in after the first polls close on the East coast. Reduce position size if you are trading and be vigilant. “Survive to Trae Another Day”!
Plan your trade and trade your plan.
https://attendee.gotowebinar.com/register/8624681785028468236
In this webinar you will learn and see live examples:
• Proprietary Price Counts Price Forecasting Tool
• Realtime Agricultural/Livestock/Ethanol-Energy News, Weather, Audio
• Daily Chart of the Day Subscription with Price Counts Price Forecasting Levels Included
• Realtime Live Streaming Agricultural & World Weather Audio Market Commentary Updates (accessible from Desktop, Tablet & Smartphone when out in the field)
• Access Current and 11+ years of Archived USDA Reports,
SPACE is LIMITED, so reserve your space now!
https://attendee.gotowebinar.com/register/8624681785028468236
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-09-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Election day in the US tomorrow along with full moon!
First Notice ( FN) and Last trading (LT) for November below.
https://attendee.gotowebinar.com/register/8624681785028468236
In this webinar you will learn and see live examples:
• Proprietary Price Counts Price Forecasting Tool
• Realtime Agricultural/Livestock/Ethanol-Energy News, Weather, Audio
• Daily Chart of the Day Subscription with Price Counts Price Forecasting Levels Included
• Realtime Live Streaming Agricultural & World Weather Audio Market Commentary Updates (accessible from Desktop, Tablet & Smartphone when out in the field)
• Access Current and 11+ years of Archived USDA Reports,
SPACE is LIMITED, so reserve your space now!
https://attendee.gotowebinar.com/register/8624681785028468236
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-08-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
The next big scheduled event: this Friday’s monthly Non-farm payrolls report from the U.S. Labor Department.
If you’re a futures trader and your markets of choice to trade include stock indexes (S&P 500, Nasdaq, Dow Jones, Russell 2000, etc.), or treasuries (30-yr. T-bonds, 2-, 5-, 10-yr. T-notes), currencies, even metals and energies, you know the importance this report. It’s widely considered one of the most important and influential measures of the U.S. economy.
To convey its findings, the Labor Dept.’s Bureau of Labor Statistics surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual work sites (the report excludes farm workers, private and domestic household employees and non-profit organization employees). The report also includes other detailed employment data including the overall unemployment rate – as a percentage of the total labor force that is unemployed but actively seeking work – wages, wage growth and average workday hours. The report is released at 7:30 A.M., Central Time.
Please BE AWARE on how this report affects liquidity, stops, volatility and more.
Please review the information HERE.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-04-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By John Thorpe, Senior Broker
Trading futures Options may be more suitable for your account’s well being when you are right about the direction of the asset, but incorrect about the timing of the move. Through options, you are literally buying time and value if they are in the money at expiration.
An option on a futures contract is the right, but not the obligation, to buy or sell the underlying futures contract at a predetermined price on or before a given date in the future.
Option Benefits
Below is a roughly 1 hour course produced by the CME titled:
Please click the link to access this Free course
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-03-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-02-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 11-01-2022
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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Please read FULL DISCLAIMER HERE
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 10-28-2022
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.
by Mark O’Brien, Senior Broker
Please be aware of the potential for the market you’re trading to react suddenly and forcefully in terms of price change. The most common catalyst is one typically staring right at you on your calendar of government and private reports. “Core” economic reports likely take center stage for stock indexes and treasuries. Currently that list includes measurements on the U.S. employment rate, inflation (CPI, PPI) business and consumer confidence and the like. Markets closely tied to the global economy like crude oil and its products, precious metals (gold & silver), industrial metals (copper, platinum) and currencies also react to U.S. reports. The U.S. is well on through its grain harvesting season when regional yields are being closely monitored and compiled to produce the totals that will be combined with the rest of the world’s production. At the same time, important southern hemisphere crops – particularly in South America – are just developing and estimates on their contribution to the world’s grain demands are being watched by the “big three” futures contracts on the CBOT: corn, wheat and soybeans.
Micro NQ 10 seconds Chart
Please register for QT Market Center – Price Counts Forecasting & Professional Trading Tools on Nov 9, 2022 11:01 AM PST at:
https://attendee.gotowebinar.com/register/8624681785028468236
In this webinar you will learn and see live examples:
• Proprietary Price Counts Price Forecasting Tool
• Realtime Agricultural/Livestock/Ethanol-Energy News, Weather, Audio
• Daily Chart of the Day Subscription with Price Counts Price Forecasting Levels Included
• Realtime Live Streaming Agricultural & World Weather Audio Market Commentary Updates (accessible from Desktop, Tablet & Smartphone when out in the field)
• Access Current and 11+ years of Archived USDA Reports,
SPACE is LIMITED, so reserve your space now!
https://attendee.gotowebinar.com/register/8624681785028468236
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 10-27-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
https://attendee.gotowebinar.com/register/8624681785028468236
In this session, we’ll take a look at QT Market Center, a leading trading platform used by hedgers and professional traders world wide.
Mark Bucaro, an ex floor trader will share some of the features and tools QT offers and how you can possibly use it to help your trading.
In this webinar you will learn and see live examples:
• Proprietary Price Counts Price Forecasting Tool
• Realtime Agricultural/Livestock/Ethanol-Energy News, Weather, Audio Charts, & Quotes and more all from one platform – Desktop, Tablet, Smartphone Accessible
• Daily Chart of the Day Subscription with Price Counts Price Forecasting Levels Included
• Profitability Cost Calculator – Input your costs and get your profitability results in seconds
• Web based Platform Access, Desktop (Smartphone & Tablet Access included Free) from virtually anywhere there is an internet connection
• Cost Effective, Reliable and Fast
• Reduced Live and Snapshot Quotes Fee Cost Options Available
• Realtime Live Streaming Agricultural & World Weather Audio Market Commentary Updates (accessible from Desktop, Tablet & Smartphone when out in the field)
• Access Current and 11+ years of Archived USDA Reports,
SPACE is LIMITED, so reserve your space now!
https://attendee.gotowebinar.com/register/8624681785028468236
Risk: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 10-26-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By AlgoReturns
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 10-21-2022
Futures & Commodities Trading Levels for Oct. 21st 2022
Commodity reports for tomorrow
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.
By AlgoReturns
The video below was put together by our friends at AlgoReturn.com
It is our opinion that the video offers excellent insight into trading to both beginners and experienced traders.
it is the first in a series of 4 videos that are put together with the goal of helping to educate traders and assist traders in expanding their “trading arsenal”.
AlgoReturns also offers a trading system which can be traded as an LOD ( letter of direction) or traded by the individual trader on her own.
FREE TRIAL to the signals generated by AlgoReturns is available here.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 10-19-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By John Thorpe, Senior Broker
Some may think this statement to be controversial. Of course other viewpoints are always welcome and it would be fantastic to have an open discussion about the Similarities/Differences among the trading vehicles. I can only hope that any traders out there that currently have active accounts with CFD’s or Forex give us a call and increase your opportunities for Success in trading.
The purpose of being a retail trader is to make money, Not because trading is cool, Not because trading is easy (fast money) but because you want to be profitable. Trading is a business endeavor. As with any business you want a level playing field. Briefly, I’ll bet you dollars to donuts your Forex account is not part of a trillion dollar market.
What your forex account is part of is a slick marketing machine, that offers every trader, trading “Their Market” the same trading platform. A platform developed by the same engineering team that created their own market place. FX companies tout they are the most liquid markets in the world. When you have an account with an FX company , do they have a trillion dollars in Liquidity? Laughable. truth be told, you are trading against the house. Specifically the FX company’s algorithms and market makers. , what are your chances for success now? are third party platforms with different tools allowed with your FX trading account? in order to have an edge, you want to trade against other retail traders, not the house. FX accounts do not allow you to do this.
To have a successful trading business you have to begin with the playing field that is the most level and I believe that is futures . As traders we need to know: How orders are being filled. What orders are being placed above and below. What volumes are going through at each price level and simply, how narrow is the Bid/Ask Spread all of these are available to the futures trader.
it’s real time with no delay’s. with Forex we often don’t see those or ,if we see price it may be delayed without us know that it is. If you are trading Forex, the company can see your orders, in the futures market, your orders are anonymous.. There is no free lunch. If you are truly looking for an edge; better tools, better markets you have to pay for quality, you can achieve your just rewards , with hard work, in a level playing field Choose Futures: Next week ? CFD’s vs Futures.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 10-18-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By Mark O’Brien, Senior Broker
Financials: The Federal Reserve released the minutes of its September meeting and they signaled that the central bank is locked and loaded to continue with more interest rate hikes heading to year’s end. They remained focused on maintaining their restrictive policy steps in their efforts to quell the inflation still stubbornly intertwined in the U.S. economy. The committee acknowledged that inflation had shown “little sign so far of abating,” and that they “needed to move to, and then maintain, a more restrictive policy stance in order to meet the Committee’s legislative mandate to promote maximum employment and price stability.”
On the economic reports schedule for tomorrow: the Bureau of Labor Statistics’ Consumer Price Index Report, which measures the prices paid by consumers for a basket of consumer goods and services.
Softs / Orange Juice: The path of destruction left in Hurricane Ian’s wake didn’t spare Florida’s 6.7 billion dollar citrus industry which reported today that it will see the smallest orange crop in nearly 80 years. The front-month November futures contract traded above $2.00 per pound intraday last Mon. – nearly 50% higher than year-ago prices and stayed near these elevated life-of-contract highs right up into today’s report.
Softs / Cotton: Moving in the opposite direction, Dec. cotton futures recently posted 5-month lows near 82 cents per pound, well off their $1.32/lb. highs of mid-May – a ±$25,000 move for the futures contract. Today’s World Supply & Demand report cited rising U.S. stockpiles and forecast waning global demand to further spur the price decline.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 10-13-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Free 3-week trial includes video tutorial and 23-page PDF e-book, explaining the studies’ approach and how to apply them to your trading.
Approach focuses on counter-trend and trend following price action and trade management.
Examples from Friday’s session using the E-mini SP500 chart below for your review. This is a 10,000 volume chart right before and after the NFP report.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
#ES #EminiFutures
The above chart is an example of mostly “good signals”. Like any other concept, this model has “failed signals” as well and it is always MUCH easier to explain and review any method looking back after the fact then when one is trading live money in real time. Please read disclaimer below as it is VERY appropriate.
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
Leading Trading Platform for Hedgers, Farmers and Global Traders:
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 10-12-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Market Volatility to remain this week. Please mark these times in your trading calendar. I always begin the week with a review of the scheduled economic data releases. This week, the fuel for volatility will be provided by what I consider to be 4 of the top five most impactful, market moving reports highlighting inflationary trends. First, on Wednesday at 7:30 am CDT PPI Final Demand consensus from Econoday.com is :
Producer prices have been cooling, edging 0.1 percent lower at the
headline level in August and rising only 0.2 percent when excluding food
and energy. September’s expectations are up 0.2 percent overall and up
0.3 percent for the core.
FOMC minutes of the most recent Fed Meeting will be released on Wednesday at 1:00PM CDT
This is the big one CPI Thursday 7:30 am CDT consensus from Econoday.com :
Core prices surged 0.6 percent in August with noticeable slowing to 0.4
percent expected for September. Overall prices are expected to rise 0.2
percent after August’s 0.1 percent gain. Annual rates are seen at 8.1
percent overall and 6.5 percent which would compare with 8.3 and 6.3
percent in August.
And finally, released at the same time, Jobless Claims Jobless claims for the October 8 week are expected to come in at 225,000 versus 219,000 in the prior week.
Be careful out there and please reduce position size during periods of likely , higher volatility . As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Leading Trading Platform for Hedgers, Farmers and Global Traders:
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 10-11-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
With global recession risks rising, economic reports have become increasingly important and scrutinized and given the importance of the U.S. economy to the rest of the world’s, our U.S. economic reports provide an important perspective. On par with them are the ongoing uncertainty regarding Russia and related energy supply issues in Europe as well as the prevailing COVID-19 containment measures in mainland China.
The next big scheduled event: this Friday’s monthly Non-farm payrolls report from the U.S. Labor Department.
If you’re a futures trader and your markets of choice to trade include stock indexes (S&P 500, Nasdaq, Dow Jones, Russell 2000, etc.), or treasuries (30-yr. T-bonds, 2-, 5-, 10-yr. T-notes), currencies, even metals and energies, you know the importance this report. It’s widely considered one of the most important and influential measures of the U.S. economy. To convey its findings, the Labor Dept.’s Bureau of Labor Statistics surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual work sites (the report excludes farm workers, private and domestic household employees and non-profit organization employees). The report also includes other detailed employment data including the overall unemployment rate – as a percentage of the total labor force that is unemployed but actively seeking work – wages, wage growth and average workday hours. The report is released at 7:30 A.M., Central Time. Economists polled expect non-farm payroll growth to slow from a 315K gain in August to 250K in September.
Although it has proved to be a fairly unreliable precursor, this morning, the private payroll services firm ADP reported companies added 208,000 jobs for the month of September, slightly above the 200,000 economists polled by Dow Jones estimated.
Leading Trading Platform for Hedgers, Farmers and Global Traders:
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 10-06-2022
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.
Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month. Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day. If you have any questions please contact the Trade Desk
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Leading Trading Platform for Hedgers, Farmers and Global Traders:
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 10-05-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By John Thorpe, Senior Broker
When I trade I want to be mindful of the leverage I am employing..
Just because the apple is hanging low and enticing you to grab it and take a bite doesn’t mean you do it, even if you are hungry. My most successful trades have been those trades where I avoided that temptation.
What I speak of is the temptation to over lever the account I am trading.
I take this approach because I want to last a long time engaged with this game, this industry, with these omnipresent trading opportunities.
But which ones? All of the markets move; some faster than others.
.. As an office colleague, repeats, “ there are services that are much smarter than I am” and so I use a number of services from which to get my trading ideas.
I like to trade positions where I am in the market over a period of Time. And when I diversify my portfolio to include different contracts in unrelated markets, my chances for success are even greater than if I am solely fishing from the same pond or eating from the same apple tree.
When I trade intra commodity and inter commodity spreads in my portfolio, this gives the account an even greater opportunity for what I call “Net Liquidating Value stability”.
Spreads attempt to take advantage of price relationships between either two different time periods (Intra commodity spread) or different seasonal tendencies between unrelated but similar industry group products (inter commodity spreads, eg, Heating Oil and WTI Crude Oil or Corn and Wheat. Often times the Leverage is much less than the outright margin the exchange charges for a single leg of a spread. For instance: If I believe corn will rally in the next two months I may buy the front month contract and sell the deferred contract fully anticipating the price to go higher , faster on the long leg than the short leg. Because these contracts are of the identical deliverable grade but have different delivery dates ( current vs future) and I am long one and short the other, I can expect, over time, that these will both move in the same direction, either up or down.
As a result , the initial margin deposit is simply 450.00 for the spread vs. 2750.00 for the outright.
Fast price movements = Fast (evaporating ) opportunities and we are mostly, as humans, too slow to capture these potential windfalls, Fast money=Fast losses, I see it over and over again.
It is MY OPINION: By using a structure , a service and becoming familiar with the service ( trusting, not Blindly) and utilizing no more than 25-40% of your available capital AND diversifying your holdings, you can have long term success trading futures.
I hope you will want to learn more in the future and utilize a few of the services I like to supplement your current strategies. START HERE
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Leading Trading Platform for Hedgers, Farmers and Global Traders:
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 10-04-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Tomorrow is the last trading day for September. Last and first trading days of the months can at times be more volatile and at times have a chance to become a trending day.
Trader’s Check List:
· Review prior day statement
· Check for any working orders on your platforms.
· Be aware of contract rollover dates
· Set a daily loss limit and learn NOT to overtrade
· Understand what reports are coming out today
· Make sure you are not distracted
· Calculate appropriate trading size based on current volatility and account size
· Start with Larger Time Frame charts to get proper perspective
· Understand what your goal is
· Measure your success or lack of
· Spend time furthering your trading education and exploring different methods
· Put trading in perspective and make sure the overall psychology of trading fits you.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
for 09-30-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Don’t fight it. You will have losing days. I have been in the futures industry for 22 years now and never have I met a trader who did not have a losing day…and I will never meet one….impossible.
Understand it and accept it. One of your hardest jobs as a day trader is to make sure a losing day does NOT become a disaster…Our human emotions and our brain is not programmed very well to learn how to lose. Yet one of the key differences between traders and those who try to become “traders”…is that traders first learn how to lose. They understand losing is part of trading. The others, refuse to take a losing day and will make many mistakes along the way to make a “normal losing” day into a disaster. That may be carrying positions overnight when they normally don’t, reversing, pyramiding and many other mistakes that they would normally not make. That turns a “normal losing day” (maybe for an account of $10,000, a normal losing day would be down $700?) into one of those days where they wipe out half of their account, if not more.
Have realistic expectations. Under the statistics of your own trading. Keep notes.
Sometimes we need to learn how to lose before we can excel in trading.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-28-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Tuesday is going to be an extremely busy day for FED Speak! and early too! The EARLY Kickoff begins at 3:30 am ET and again at 6:15 am ET for Chicago Fed Chair Charles Evans. To be followed by Jerome Powell Fed Chair at 7;30 am ET BEFORE MARKET OPEN. James Bullard will also be presenting @ 9:55 am ET. We can throw into the mix a few economic data releases as well. Durable goods orders will be released at 8;30 am ET some housing data at 9am and consumer confidence , new home sales at 10amET., Money supply released at 1PM ET this should all make for a volatile Tuesday session, please adjust your trading size accordingly.. On Wednesday the 28th we have more speeches from Fed members Bostic, Bullard, Powell and Bowman 8:35 am ET, 10:10 am ET, 10:15am ET and 11am ET respectively. Advance international trade in goods will be released @ 8:30am ET, these should all keep the energy in the markets moving. Thursday the 29th we get the all important GDP, the third iteration of the 2nd quarter number with a consensus range of -7%- -5% quarter over quarter annual rate, a deviation from this consensus may be enough to shock market direction in a very short period of time.. then jobless claims should also effect the market direction, Both will be issued at 8:30 am ET . and Finally, for Friday, the equity markets will need to unwind a bit before the weekend, but first it will need to digest Personal Income and Outlays; this report is released at 8:30 am ET with 2 more fed speakers ,Barkin and Brainard at 8:30 am and 9:30 am Respectively. Make it a solid week and remember to plan your trade and trade your plan!
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-27-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
By Mark O’Brien, Senior Broker
Financials: for the third time in as many Federal Open Market Committee meetings, the twelve voting members unanimously approved a 0.75% rate increase for the benchmark federal funds rate – the overnight rate on lending between banks. With this the fifth consecutive rate increase from near 0% in March and the steepest rise since the 1980’s, not since 2008 has the fed. funds rate been set to this level. With two more FOMC meetings scheduled for the remainder of the year, the full 19-member committee signaled fed. funds are projected to continue their upward trajectory with 4.25% to 4.50% the expected target by year’s end.
The Federal Reserve also announced a program of reducing stimulus by shrinking its $8.8 trillion asset portfolio through attrition. As debt securities mature – to the tune of ±$95 billion a month – the Fed reduces its holdings by up to $95 billion a month.
Of course, all this is the Federal Reserve’s effort to quell inflation, the annual forecast of which officials revised up for the third time to 4.5% (core rate). “Inflation is running too hot. You don’t need to know much more than that,” said FOMC chairman Jerome Powell in his post-announcement news conference.
As always, plan your trade and trade your plan. Please contact your broker or Cannon Trading with any questions.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-22-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
December is now front month for MOST markets out there…
December ES, December euro, December gold, December Tbonds and more.
Crude oil front month is now November.
Are you trading using order flow? volume profile? heat map? Try Volumetrica powerful tools.
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-20-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Futures, futures options, stock options and single stocks all expire tomorrow morning right on the open of the stock market.
Keep in mind that September mini SP and it’s relatives ( mini Dow, mini Nasdaq etc.) EXPIRE tomorrow and cash settle based on special settlement price….Markets can get volatile tomorrow morning right before and around the open.
The September contract will simply cease to trade. If you have not switched to December yet, now is the time…..
Also start trading December currencies!
Would you like to trade futures using MT5? if so, reply back to this email!
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-16-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
CPI report lived up to the hype! MAJOR volatility in speed and magnitude of the move!
The Mini SP 500, one of the most liquid markets in the world, sold off over 100 points in less than 1 minute!!
Traders “pulling out the bids” ahead of the report as well as the fast move caused many stop orders to get rejected!!
How can that be?
When impactful economic reports are released, we expect large , violent price swings. which may leave your open positions unprotected , even with stop orders. What creates the volatility? people cancel their bids and offers making for large orders, that would easily be absorbed by the market during normal conditions moving the market precipitously in either direction. As a result, the exchange wants a “balanced order book and created a Price band within which reasonable orders will be maintained, but if the market moves outside the band within seconds those orders are cancelled and not longer working, just like a stop with a limit would function.
We will expand on this topic in depth on tomorrows blog.
PPI tomorrow….Today was one of the highest volume days in recent month for stock index futures.
Below a 10 second chart of the ES from today! Click image to enlarge. A move of almost $6,000 in 45 seconds!
Stock Index futures are entering the “rollover period”.
December is now the front month/ higher volume.
September will expire this coming Friday at 8:30 Am Central time.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-14-2022
SP500 #ES_FNasdaq100 #NQ_FDow Jones #YM_FMini Russell #RTY_FBitCoin Index #BRTI SP500 Dec. Gold #GC_F Dec. Silver #SI_F Oct. Crude Oil #CL-F Dec. Bonds #ZB_F Dec. 10 yr #ZN_F Dec. Corn #ZC_F Dec. Wheat #ZW_F Nov. Beans #ZS_F Dec. SoyMeal #ZM_F Oct. Nat Gas #NG_F Dec. Coffee #KC_F Dec. Cocoa #CC_F October Sugar #SB_F Dec. Cotton #CT_F Sept. Euro Currency
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.
Stock Index futures are entering the “rollover period”.
Somewhat of a choppy intraday price action.
December is now the front month/ higher volume.
September will expire this coming Friday at 8:30 Am Central time.
Tomorrow we have an anticipated CPI report ahead of next week’s FOMC. Below is a good informative piece by my colleague, John Thorpe:
In the Yardeni Bull/Bear index, the last temperature taken on Sep. 7th, there were .53.3 % bearish vs only .18% bullish sentiment for the Stock market. With the August Consumer Price Index Release 7:30 am Central time, the Peak inflation game speculation may be nearly done.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-13-2022
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.
Stock Index futures are entering the “rollover period”.
Used to be that the Thursday before was the “official rollover day” but last few years more and more traders simply follow the volume and it seems that the volume will go to the next month, in this case December around Monday coming up. We will keep you posted.
For now September has more volume and we will keep posting September levels.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-09-2022
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.
Short trading week ahead as we come back after Labor Day long weekend.
Keep in mind that crude oil inventories will come out Thursday instead of the regular Wednesday release.
Natural gas continues to be volatile dropping over 8.5% today!! almost $7600 per ONE contract.
British pound held nicely compare to the other currencies as UK welcomed a new Prime Minister.
Stock index futures experienced VERY choppy action on higher than avg. volume today, the day after a long weekend.
Daily chart of the mini SP 500 ( ESU22) for your review below, notice market is hanging right above FIB support level:
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-07-2022
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.
By Mark O’Brien Senior Broker
Financials: Given Federal Reserve Board Chairman Jerome Powell’s statements at last week’s Economic Policy Symposium in Jackson Hole, where he reiterated the Fed.’s commitment to halting inflation and that “some pain” will come to the U.S. economy as a result, U.S. and other global stock markets, while lower this week, have been measured and arguably not anxiety-filled. At least for the time being, traders seem to have factored in continued interest rate hikes by our central bank and other countries’ and slower, possibly even recessionary conditions. That was read into Wednesday’s ADP private payrolls report that showed a deceleration in jobs creation (132,000 in August).
Next up: the closely watched Non-farm payrolls report this Friday, widely considered to be one of the most important measures of the U.S. economy. A survey of economists forecast an increase of 318,000 new jobs (median estimate).
Metals: Dec. gold traded through $1,700/oz this morning, marking its longest monthly losing streak in four years, and Dec. silver tumbled to $17.40 intraday – a more than two-year low – as traders expect rising interest rates will persist making Treasury bonds and the U.S. dollar more attractive.
Lumber: Rising interest rates and a strong U.S. dollar have weighed on other commodity prices. Basis the Nov. futures contract, lumber prices have been slashed by more than half since their early-Feb. highs of ±$1,000/board foot, trading to $460/board foot intraday today – to its life-of-contract low. Credit weak demand as well, with a cooling housing market and falling new home construction.
Energy: Crude oil (Dec.) continued it’s steep sell-off this week – losing ±$10/barrel over the last three days – returning to near its mid-August/5-month lows near $86.00/barrel. The market seems dogged by softening demand with several major cities in China seeing new Covid restrictions, including the total lockdown of Chengdu with ±20 million people.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-02-2022
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.
Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month. Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day. If you have any questions please contact us
* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
09-01-2022
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.
*Dates and times are subject to change
If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010
More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html
Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours
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.
December is now the front month for bonds, ten years, Silver, Copper, most grains, metals and softs.
ASP unemployment early in the session and later Crude oil inventories.
Also tomorrow is the last trading day of the month.
Last Friday Powell 8 minute speech injected volatility back into the markets.
Few pointers below, hope it helps.
*While I have no idea were the market is going from day to day, minute to minute, week to week etc. I do know that in the past, some of the sharpest and largest rallies were short covering after a large sell off. More often than not market sell offs and volatility like we are seeing do not end up as V type of action but more like U or W when it is all said and done.
*Expect the unexpected…
* Have an idea of what you are looking to do, keep in mind possible risk and have a game plan. Now more than ever, plan your trade and than trade your plan!
* Think money management, hedging risk while you are still trying to figure out how to profit.
* Know what is going on, reports, current margins, current limits and more.
· Consider short term options instead of futures and/or MICROS
*Trade smaller. The bands are much larger. Watch the VIX.
* DO NOT assume anything…if you are not sure, contact us and we will try our best to assist with the combined, vast experience we have here as a team.
My colleague, John Thorpe, Ex floor broker, contributed the following on the VIX and the VVIX:
We recommend all stock indices intraday traders to keep an eye on the VIX for directional clues and study, many of you have access through other means to view this critical trading barometer, VIX now trades 5 days per week ,23 hours per day. if you need to add the VIX data to your trading platforms , it’s 3 bucks per month, penny wise and pound foolish if you don’t. Contact your broker on how to add the Volatility Index traded through the CBOE to your trading platform
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-31-2022
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.
Some traders are more visual than others.
Regardless of your style of trade, I feel that organizing the DOMs in the way shown in the video can help anyone who trades more than one market at a time.
If you like this platform, try it in REAL TIME, free demo mode!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-26-2022
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.
By Mark O’Brien Senior Broker
Energy: September Natural gas touched $10.028 per million British thermal units intraday yesterday, a 14-yr. high. It closed at $9.193 – a ± $9,000 per contract correction off its highs, yet still more than twice the price a year ago.
Financials: If you turn to any financial news source, you’d think the only thing traders are thinking about this week is the Federal Reserve Bank of Kansas City’s annual Economic Policy Symposium. This is a 3-day gathering of about 120 economists and policy makers from government agencies and academia – including many central bankers – from around the world. It all takes place in Jackson Hole, Wyoming starting tomorrow.
Why is it important? The symposium kicks off with a speech given by the Chairman of the U.S. Federal Reserve, currently Jerome Powell. While not an FOMC meeting where central bank policy is communicated and interest rates are set, the speech has become an opportunity to define the Fed’s. comprehensive policy approach on a global stage to a far-reaching audience. Thus, it has become highly anticipated – arguably more so than past symposium speeches given the current historic rise in inflation globally, and particularly in the U.S. and Europe. Probably the overarching question traders are listening for Chair Powell to answer (he almost certainly will not come right out and say it) is whether the Fed will raise rates by 50 or 75 basis points when Federal Reserve members meet in September to consider monetary policy.
Ten Year Notes Daily Chart below ( click image for larger chart):
Ten year notes downside pressure. Close below 117.070 on an hourly basis cam trigger 116.060 pretty quick. My speculation.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-25-2022
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.
Asking for the lowest day trading margins may not always be the best idea when it comes to trading futures…..
Watch this short video for some insight by our VP, Ilan Levy-Mayer
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-24-2022
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.
By John Thorpe, Senior Broker
Most of the August 22 week economic data will probably take a backseat to anticipation of Jerome Powell’s speech about “The Economic Outlook” on Friday at 10:00 ET at the Jackson Hole Symposium.
In the past, the Fed Chair has used this opportunity to signal the direction of monetary policy or policy framework updates or offering insight into the Fed’s balance sheet impending adjustments. What is expected are comments related to Policymakers continuing to move to a restrictive stance on interest rates (additional tightening) until they are sure that inflation is on a trajectory of the 2 % inflation target rate.
Chairman Powell will probably also note that Fed’s balance sheet reductions will pick up the pace in September providing less stimulus. Chairman Powell will probably be able to speak to some improvements in Demand as well as some relief in the supply chain issues.
Even though we have a number of economic numbers the Fed’s Open market committee will be digesting this week for policy change announcements for the next meeting in September, I will expect Chairman Powell will include the caveat that the FOMC is data dependent and there’s plenty of data between now and then. As we look forward to this open Microphone meeting on the 26th, we have plenty of Data for the market to digest as well between now and then, Tuesday PMI Composite and New Home Sales, Wednesday Durable Goods and pending home sales, Thursday GDP (second estimate of Q2 GDP) and Jobless claims Plan your trade and trade your plan!!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-23-2022
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.
Very light day tomorrow when it comes to economic reports.
We use to call it cheddar Cheese Friday as the cheese report was the only one out on certain Fridays….
Volume is stock indices has been lighter these past few days and I have seen more range bound trading in the Mini ES than normal. Summer trading.
One can never tell when volatility decides to visit…..
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-19-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-18-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-17-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-16-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-12-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-11-2022
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.
What You Need to Know Before Trading 8.10.22
By Mark O’Brien, Senior Broker
Financials:
Keep an eye out for the Labor Department’s release of this month’s Consumer Price Index tomorrow and the Producer Price Index on Thursday. Both will be looked at as guidance for the Federal Reserve as it approaches its September 20-21 meeting, on the heels of back-to-back 75-basis point rate hikes at their last two respective meetings. Economists polled by Reuters are forecasting a ±8.7% year-over-year CPI headline reading, down slightly from the 9.1% jump in June.
Roughly during that same period, several commodity prices have fallen dramatically. Sept. corn futures have dropped ±24% over the past three months; July wheat prices have fallen by ±27%, and soybean prices are down by ±14%.
Crude oil – trading as low a s $88/barrel last week – is now below price levels prior to Russia’s invasion of Ukraine. Prices paid at the pump nationally have fallen as well, approaching an average of $4 per gallon in the U.S. compared to a peak of over $5 per gallon in June.
Softs:
Big news regarding lumber futures! Yesterday, the CME Group introduced revamped lumber futures and options. These are not newly offered alternative/mini futures contracts and options, but a complete remodel of the existing ones. The contracts and options kept the same symbols, but the leverage was reduced to 1/4 the prior specifications: 27,500 board feet, down from 110,000. Now, a $1.00 move is equal to $27.50, down from $110.00.
The contracts’ minimum tic size increased from $0.10 ($11) to $0.50 ($13.75).
Trading hours: Mon. – Fri.: 9:00 A.M. – 3:05 P.M., Central Time.
Contract settlement remains physically delivered.
Please contact our professional staff for more details.
Plan your trade and trade your plan!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-10-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-08-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-05-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-04-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
08-03-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
07-29-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
07-28-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
07-27-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
07-26-2022
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.
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
07-22-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
07-21-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
07-20-2022
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.
By John Thorpe, Senior Broker
The most salient measure of a recession may be the accumulated results of corporate profits or the lack of during this earnings season. Q-2 earnings reports are picking up steam, Monday we will see 20 with a notable 19:1 split for both Alphabet symbols. GOOGL and GOOG. After market close we have IBM. Before todays open we had mixed numbers relative to estimates with B of A BAC underperforming expectations and Goldman Sachs GS besting by 10% the pre report earnings estimates . Tuesday we’ll see 50 reports Wednesday 80, Thursday 81 and Friday only 30 with a MEME stock Gamestop GME 3;1 split. Netflix NFLX will be Tuesday’s big name reporting after the close with lower expectations of 2.90 per share , if the actual comes in much lower then the “streaming recession” will be in full force. Watchout below NQ and MNQ Wednesday after the close Tesla TSLA reports along with Alcoa AA as additional thermostats for the state of our economy. Estimates are 1.91 and 2.88 per share respectively. Economic numbers
Economic numbers for the week of importance :
Tuesday morning 7:30 CDT am US: Housing starts and permits
Wednesday 9:00am CDT US: Existing Home Sales 9:30 CDT am US: EIA Petroleum Status BOJ Rate announcement @ 9:30 PM CDT
Thursday EuroZone: ECB Rate announcement 7:15 CDT US: Jobless Claims 7:30 CDT
Friday a slew of EuroZone Retail sales and PMI numbers between 1 am CDT and 7:30 CDT with the US:PMI flash number due out at 8:45 CDT.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
07-19-2022
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.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
07-15-2022
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.
by Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
07-14-2022
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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