In this issue:
- StoneX/E-Futures Platform Updates
- Important Notices – Earnings, FOMC Minutes, NFP, Jan 9th National Mourning.
- Futures 102 – SP500 Outlook + Premium Daily Research Trial
- Hot Market of the Week – March Soymeal
- Broker’s Trading System of the Week – ES intraday System
- Trading Levels for Next Week
- Trading Reports for Next Week
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To our clients whose accounts are with StoneX and currently using the E-Futures Platform:
- The new StoneX Futures platform will be up and running Monday, Dec. 16th.
- Your existing LIVE user name and password will be accepted.
- Your existing exchange data subscriptions will migrate to the new platform.
- To login to the new trading interface please login here:
https://m.cqg.com/stonexfutures
- If you like a demo ( and did not have a demo of StoneX Futures yet) CLICK HERE
- In the mean time, your E-Futures platform will stay active until a date no earlier than Fri., Dec. 27th, with a firm decommission date to be announced
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| Important Notices – Next Week Highlights:
The Week Ahead
By John Thorpe, Senior Broker
258 corporate earnings reports; none, in my humble opinion, that would jar an index. A number of meaningful Economic data releases including FOMC Minutes, Non-Farm Payrolls and WASDE. There will be a series of FED Speakers Prior to the cash equity index openings throughout the week.
Earnings Next Week:
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- Mon. Quiet (7 rpts)
- Tue. Quiet (19 rpts)
- Wed. (30 rpts)
- Thu. Quiet (58 rpts)
- Fri. Quiet (144 rpts)
FED SPEECHES:
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- Mon. Cook, 8:15 am CST
- Tues. Barkin 7 am CST
- Wed. Waller 7:30 am CST , FOMC Minutes 1:00 pm CST
- Thu. Harker 8 am CST, Barkin, Schmid and Bowman all Mid Day.
- Fri.
Economic Data week:
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- Mon. Factory Orders, S&P Global PMI Final
- Tues. Balance of Trade , Redbook, ISM svcs PMI, Business Inventories, JOLTS
- Wed. ADP, FOMC MINUTES
- Thur. Jobless claims,
- Fri. Non Farm Payrolls, Mich. Consumer Sentiment , WASDE
The President has declared January 9, 2025, as a National Day of Mourning in observance of the passing of former President James Earl Carter, Jr.
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- There will be revised trading hours next week on January 9, 2025. All Equity Index options expiring January 9th will be moved to expire on January 8th.
Click Here to view CME Group Special Trading Hours – U.S. National Day of Mourning Trading Schedule |
Futures 102: Daily Research Free Trial
Get Personalized Trading Reports Like the One Above Directly to your Inbox!
SIGN UP FOR A FREE TRIAL
- Get qualified support and resistance levels for precise risk management on different commodity markets.
- Get pivot points that highlight shifts in the futures market momentum.
- Get technical forecasts to keep you on the right side of a specific commodity trading market.
- One on One “Daily Digest” with a dedicated series 3 professional.
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Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
FREE TRIAL AVAILABLE
March Meal
March meal completed its first upside PriceCount objective to the $322 area which was consistent with the measuring gap objective. The chart is correcting, which is a normal near term reaction. IF you can resume the rally with new sustained highs, the second count would project a potential run to the $335 area. Open counts to the downside remain in play if we resume the break.
PriceCounts – Not about where we’ve been , but where we might be going next!
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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.comTrading 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.
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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.
ES NZL
PRODUCT
Mini SP500
SYSTEM TYPE
Day Trading
Recommended Cannon Trading Starting Capital
$36,000
COST
USD 199 / monthly
Get Started
Learn More |
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
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| Would you like to get weekly updates on real-time, results of systems mentioned above? |
Daily Levels for January 6th, 2025
Weekly Levels
Trading Reports for Next Week
First Notice (FN), Last trading (LT) Days for the Week:
Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities 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.
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