Cannon Futures Weekly Letter Issue # 1213
In this issue:
- Important Notices – Earnings & Fed Speakers
- Futures 101 – Ask a Broker: Day trading Futures? Margins?
- Hot Market of the Week – December Hogs
- Broker’s Trading System of the Week – Mini Russell Day Trading System
- Trading Levels for Next Week
- Trading Reports for Next Week
Important Notices – Next Week Highlights:
The Week Ahead
By John Thorpe, Senior Broker
A fair amount of Speakers, Data and Earnings .
Just 2 ½ weeks to the U.S. Presidential Election. Nov 5th.
Economic Data:
Mon. CB Leading Indicators
Tue. Redbook, Richmond Fed
Wed. Mortgage Index
Thu. Chicago Fed Activity Index, Weekly Initial Jobless Claims, New Home Sales
Fri. Durable Goods, Michigan Consumer Sentiment.
Fed and ECB Speakers:
Mon. Logan, Kashkari, Schmid
Tue. 9A.M. Central ECB President Lagarde, Harker
Wed. Bowman, LaGarde 9 A.M. Central, Barkin
Thu. Hammack
Fri. quiet
Earnings: 608 3rd QTR. Reports this week
Prominent Companies reporting
Wed. Tesla, IBM, Coca-Cola
- Thu. UPS
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“Trading Around Key Economic Reports” FREE SHORT Course you will learn:
- What is GDP?
- 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
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- Hot Market of the Week – December Hogs
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.
December Hogs
December hogs satisfied their first upside PriceCount objective early this month and have consolidated their trade. At this point, the second count would project a possible run to the 82.15 area IF you can resume the rally and break out above resistance at the April high.
PriceCounts – Not about where we’ve been , but where we might be going next!
Broker’s Trading System of the Week
With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
MVA 998 RTY 208
PRODUCT
RTY – Mini Russell 2000
SYSTEM TYPE
Day Trading
Recommended Cannon Trading Starting Capital
$10,000
COST
USD 80 / monthly
Daily Levels for October 21st, 2024
Weekly Levels for the week of October 21st, 2024
Improve Your Trading Skills
Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.
Explore trading methods. Register Here
* 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.