Cannon Futures Weekly Letter
In Today’s Issue #1242
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LIVE, FREE Demo for Futures & Options
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The Week Ahead – 16 Fed Speakers, Earnings, Housing, Tariffs, Volatility
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Futures 102 – 5 Short Videos to Help Your Trading
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Hot Market of the Week – July Coffee
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Broker’s Trading System of the Week – Heating Oil Swing Trading System
- Trading Levels for Next Week
- Trading Reports for Next Week
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Free Demo: Live Data, Streaming Charts
Introducing the newest trading platform to our already prominent selection: CannonX
- Cloud-based and compatible with Windows and MacOS
- Top-of-the-line tradable charts with abundant indicators and drawing tools
- Option quotes display for all expirations and including all “Greeks.”
- Quote programmability for straight futures and options as well as futures and option spreads, including multi-leg/complex options spreads.
- Depth-of-market display at your fingertips for any of the position types listed aboveFull, easy-to-read account information display
START YOUR DEMO NOW
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Important Notices: The Week Ahead
By John Thorpe, Senior Broker
Volatility!
16! Count ‘em, 16 Fed speeches next week, a full week of trading in advance of Memorial Day weekend. Volatility expected.
More volatility to come as next week all markets will be reacting to whatever comes out of the U.S. Gov’t leadership relating to conflicts cessation and trade deals. Therefore, increased volatility expectations.
Look for changes from hawkishness to the doves fly in the tone and tenor of Fed speeches next week. June 18th is the next FOMC rate decision release.
Economic hard data Highlights next week will include Chicago Fed Economic Activity Index, Purchasing Managers Index, and few housing market numbers. Earnings reports will reflect 350+ total reports while we are in the bottom of the 7th inning of earnings season, the reports can still impact the indices but much less than in past weeks Highlighted by Home Depot, Palo Alto Networks, TJ Max and intuit to name a few Large Cap stocks.
Earnings Next Week:
- Mon. Quiet
- Tue. Home Depot, Palo Alto Networks
- Wed. TJ Max, Lowes, Medtronic
- Thu. Intuit
- Fri. Quiet
FED SPEECHES:
- Mon. Bostic 7:30 am, Jefferson and Williams 7:45 am, Logan 123:15pm, Kashkari 12:30 pm
- Tues. Barkin and Bostic 8:00 am, Collins 8:30 am, Musalem 12:00pm, Kugler 3:00 pm, Daly and Hammack 5:00 pm
- Wed. Barkin 11:00am
- Thu. Williams 1:00pm,
- Fri. Cook 11:00am
Economic Data week:
- Mon. CB index of leading indicators
- Tue. quiet
- Wed. EIA Crude Stocks,
- Thur. Chgo Fed Activity Index, Initial claims, PMI, Existing Home Sales, KC Fed Activity Index, EIA Nat Gas
- Fri. Bldg Permits, Home Sales
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Futures 102: Short Trading Videos to Improve Your Trading
Watch a series of short videos, where our VP, Ilan Levy-Mayer shares his personal preferences and opinions on different trading topics.
· Ever wondered when to exit a trade? Take a look at what Ilan has to share on Bollinger Bands and a study called PARABOLICS
· Some common uses you can make of support and resistance levels.
· Filter out the noise with range bar charts
· “Price Confirmation” how to use it for entering trades?
· Where do I exit a profitable position?
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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.
July Coffee
The July Coffee failed upside attempt!
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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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Brokers Trading System of the Week
Swing 61B Trading System
Market Sector: Energies
Markets Traded: HO – Heating Oil
System Type: Swing Trading
Risk per Trade: varies
Trading Rules: Partially Disclosed
Suggested Capital: $25,000
Developer Fee per contract: $145.00 Monthly Subscription
System Description:
Trade ES futures. System 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
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| 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.
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| Would you like to get weekly updates on real-time, results of systems mentioned above? |
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Trading Levels for Next Week
Daily Levels for May 19th, 2025
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Would you like to receive daily support & resistance levels?
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Trading Reports for Next Week
First Notice (FN), Last trading (LT) Days for the Week:
www.mrci.com
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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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