Cannon Futures Weekly Letter Issue # 1227

Discover essential updates in the Cannon Futures Weekly Letter Issue #1227.

 

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To our clients whose accounts are with StoneX and currently using the E-Futures Platform:

  • The new StoneX Futures platform is up and running.

 

  • 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
  • Please note that the E-Futures platform will be set to READ-ONLY and will no longer support trade execution after January 31st.
Important Notices – Next Week Highlights:

 

The Week Ahead

By John Thorpe, Senior Broker

A full trading week ahead, Fed rate decision, no less than 5, Trillion dollar market cap company’s report earnings. 362 total corporate earnings reports as the meat of the season swings into action with Apple, Microsoft, Tesla, Amazon and Meta, including other High Market cap companies reporting past earnings and future earnings guidance..

Economic releases including data about Real Estate activity, Durable Goods, GDP, Consumer Confidence. As the Fed Black out period will have concluded after Wednesday’s Fed Rate decision and presser, the Fed Speakers will return to the podium for the foreseeable future.

 

Earnings Next Week:

  • Mon. lite earnings
  • Tue. Boeing, Lockheed Martin, Starbucks. General Motors
  • Wed. MSFT, TSLA, IBM, BABA and META after the cash close
  • Thu.  AAPL, AMZN after the cash close
  • Fri. EXXON Mobile, Chevron Pre Market

 

 

FED SPEECHES:

  • Mon. Quiet
  • Tues. Quiet
  • Wed. 1:00 PM FED RATE Decision, no change expected. Currently 4.25-4.50, Chair J. Powell to speak @ 1:30 pm CST
  • Thu. Quiet
  • Fri. Bowman, 7:30 am CST

Economic Data week:

  • Mon. Chi. Fed Nat’l Activity index, New Home Sales, Dallas Fed Mfg. Index,
  • Tues. Durable Goods, Redbook, Case Schiller Home Price, CB Consumer Confidence, Richmond Fed mfg. Index, Dallas svcs. Index
  • Wed. Retail Inventories, Wholesale Inventories, Fed Rate decision
  • Thur. GDP Advance, Initial Jobless Claims, Real consumer spending, Fed Balance Sheet
  • Fri. Core PCE Price Index, Personal Income, Chicago PMI

Futures 102: Understanding Futures Spreads

Course Overview

This course covers the definition of futures spread trades and why you may want to add spreads to your trading strategy. We will discuss the benefits of spread trading which include potential less risk and cost efficiencies.  This course will introduce the different types of spreads used with various products. Start Course.

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  • Hot Market of the Week

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

July – Nov Soybean Spread

 

The July – Nov bean spread completed its first upside PriceCount objective and is correcting. IF the chart can resume its rally with new sustained highs, the second count would project a potential run to the 49.75 area.

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.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.
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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.

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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.
Would you like to get weekly updates on real-time, results of systems mentioned above?
Yes
No
  • Trading Levels for Next Week

Daily Levels for Jan. 27th

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Would you like to receive daily support & resistance levels?
Yes
No
Weekly Levels
  • Trading Reports for Next Week
First Notice (FN), Last trading (LT) Days for the Week:
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Good 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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Cannon Trading Company
12100 Wilshire Blvd., Suite No. 1640
Los Angeles, CA 90025
(800) 454-9572
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