Cannon Futures Trading Weekly Letter

In Today’s Issue #1238

• Good Friday Futures Trading Schedule

• The Week Ahead –
• Futures 102 – Options on Futures Trading for Equity Traders Course
• Hot Market of the Week – May Corn Wheat Spread
• Broker’s Futures Trading System of the Week – X Factor ES Day Trading System
• Trading Levels for Next Week
• Trading Reports for Next Week

Good Friday Modified Trading Schedule

This coming Friday, April 18th is Good Friday.

Please see below the modified futures trading schedule for Good Friday and Easter for CME and ICE exchanges

For the full schedule and details: click here.

Important Futures Trading Notices: The Week Ahead

By John Thorpe, Senior Broker

Tariffs News & FOMC Minutes to Dominate Markets & Volatility

4 day trading week ahead, Earnings season is here! Fed Chair Powell speech on Wednesday.

More volatility to come as next week all markets will be reacting to the potential for tariff implementations creating uncertainty in the marketplace. Some countries are coming to the table , here is one sample.

”Thailand’s finance minister Friday said they are planning on cutting import tariffs on US Corn, move to import more US natural gas and increase joint investment in the energy sector.

“Thailand’s exports to the US were $54.9 billion, around 19% of their total exports. The US is estimated to run a trade deficit of -$45.6 billion with Thailand.”

Therefore, increased volatility expectations continue.

Highlights next week will include Housing Data as well as the Powell speech. Earnings reports will be in full swing for Q1, it is my belief the recent equity selloffs are partially related to the future of earnings report guidance as uncertainty continues.

Will sell the rumor buy the facts be in play?

Earnings Next Week:

• Mon. Quiet
• Tue. J&J, B of A, b4 open
• Wed. The Progressive Corp b4 open
• Thu. United Healthcare b4 open, Netflix after close
• Fri. Markets Closed in Observance of Good Friday

FED SPEECHES:

• Mon.     Barkin 11am CDT, Waller, 12 noon CDT, Harker 5pm CDT, Bostic 6:40 PM CDT
• Tues.     Barkin 10:35am CDT, Cook 4:10pm CDT
• Wed.     Hammack 11am CDT, Fed Chair Powell Speech 12:30pm CDT, Schmid 6:00pm CDT
• Thu.      Barr 10:45am CDT,
• Fri.       Markets Closed in Observance of Good Friday

Economic Data week:

• Mon. US Consumer Inflation Expectations
• Tue. Empire State MFG. Index
• Wed. Retail Sales, industrial Production, Cap Utilization, Bus. Inventories, NAHB Hsg. Market Index, EIA Crude Stocks,
• Thur. Bldg. Permits, Housing Starts, Jobless Claims, Philly Fed, EIA Nat Gas
• Fri. Markets Closed in Observance of Good Friday

Futures 102: Options on Futures Trading for Equity Traders

Course overview

This course is geared towards traders familiar with trading equity options and will show you how a little knowledge around futures can help you transition from equity options to options on futures, using many of the strategies you already deploy. You will learn how options on futures are priced, how options can help you diversify your portfolio, as well as let you see opportunities during major economic events where you could trade options.

Start FREE Course Now

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.

Brokers Futures Trading System of the Week

X Factor ES Trading System

Market Sector: Stock Index Futures

Markets Traded:   ES

System Type: Day Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $10,000

Developer Fee per contract: $125.00 Monthly Subscription

System Description: 

Trade ES futures. Started June 2020 and proud of it’s return. There are 4 independent optimized systems coded to seek long or short entries, and the system only uses the higher probability signal. System contains a money management component.

Get Started

Learn More

Disclaimer: The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

Futures Trading Disclaimer:

Transactions in securities futures, commodity and index futures and options on futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract, meaning that transactions are heavily “leveraged”.

A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position.

If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. 

Please read full disclaimer HERE.

Futures Trading Levels for Next Week

Daily Levels for April 14th, 2025

Futures Trading Reports for Next Week

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

www.mrci.com