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Author: Ilan

Juneteenth 2022 Holiday Schedule for CME / Globex and ICE Exchange

Posted on by Ilan

Juneteenth 2022 Holiday Schedule for CME / Globex and ICE Exchange

Juneteenth 2022

 

*Dates and times are subject to change

If you have any questions, please call the CME Global Command Center at +1 800 438 8616, in Europe at +44 800 898 013 or in Asia at +65 6532 5010

Globex® Juneteenth 2022 Holiday Schedule for CME / Globex and ICE Exchange

More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html 

ICE Futures Juneteenth 2022 Holiday Schedule for CME / Globex and ICE Exchange

Detailed holiday hours for ICE Futures: https://www.theice.com/holiday-hours

The above sources were compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions.  It is meant as an alert to events that may affect trading strategies and is not necessarily complete.  The closing times for certain contracts may have been rescheduled.

FOMC Tomorrow + Futures Trading Level for 6.15.2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!
Big day tomorrow! More than a few reports including crude oil numbers and most important, FOMC – Fed decision.
Looks like the FED will raise rates between 50-75 basis points.
The exact figure?
How many fed governors voted? language? future projections?
All these factors will be KEY.
The following are my PERSONAL suggestions on trading during FOMC days:
·    Reduce trading size
·    Be extra picky = no trade is better than a bad trade
·    Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 3725.00 with a stop at 3719.00, instead “stretch the price bands” due to volatility and place an entry order to buy at 3719.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).
·    Expect the higher volatility during and right after the announcement
·    Expect to see some “vacuum” ( low volume, big zigzags) right before the number.
·    Consider using automated stops and limits attached to your entry order as the market can move very fast at times.
·    Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.
·    Know what the market was expecting, learn what came out and observe market reaction for clues
·    Be patient and be disciplined
·    If in doubt, stay out!!
Rollover Notice: September is now the front month for Stock Index futures like E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000 etc. as well as for financials like ZB and ZN and currencies as well, like 6E, 6B etc.
ESU22 instead of ESM22.
June stock index futures will settle into cash on Friday morning right around the open.
Please contact a Cannon broker with ANY questions!
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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 when it comes to Futures Trading.

Futures Trading Levels

06-15-2022

Futures Support and Resistance Levels

 

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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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.

FOMC Week + Futures Trading Levels for 6.14.2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!

FOMC Week!

By John Thorpe, Senior Broker
Federal Funds rate, the DOT Plot and CPI vs PCE
Wednesday , June 15th the U.S. Fed will release it’s guidance on short term interest rates in lieu of recent inflationary measures. One of the purposes of markets is to discount the potential for future events. When a rate announcement is made, price action in markets affected by the change tend to be muted. Conversely, a surprise announce will create more volatility in both directions as bids are cancelled, removing price floors or offers are cancelled removing price ceilings.
Here are some fascinating tools that are available to the novice and professional alike. If you have any questions about how to use them or read them please call your CannonTrading broker @ 800-454-9572.
First here is a snapshot of the consensus from
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There is a futures contract based on the FOMC Fed Funds rate and it’s the 30 Day Federal Fund Futures contract, listed monthly ZQN22 will be the July FF Futures contract.
Please pull up the quote and feel free to trade this liquid contract.. The market prices actually reflect the probability of future rate changes. As most of us are aware, the Fed is currently in a rate hike mode and shouldn’t surprise you to know that by hiking short term interest rates, that’ should reduce the supply and appetite for cheap dollars. By raising rates, the fed would like to influence consumption of goods and services to stop the trend of inflationary price hikes across the broad economy.
The Fed has suggested during previous guidance that they key off of the PCE ( Personal Consumption Expenditures Price Index ) rather than the CPI (consumer Price Index) to base rate change decisions upon. A description of the differences can be found here https://www.bls.gov/osmr/research-papers/2017/st170010.htm
And Finally the CME has a wonderful “probalistic” tool called the “Fed Watch Tool” you will find the DOT Plot, probabilities of future rates all the way out to July 2023
Plan your trad and trade your plan.

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 when it comes to Futures Trading.

Futures Trading Levels

06-14-2022

Support and Resistance Levels 6.14.2022

 

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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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.

Weekly Newsletter 1101: Trading Crude Oil Volatility & Trading Levels for the Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1101

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

Rollover Notice for U.S. Stock Index and Currency Futures

Crude Oil Futures Volatility Offers A “Different Market Personality” Than Stock Index Futures. Here Is Some Of The Things You Need To Know About Day Trading Crude Oil Futures:

By: Ilan Levy-Mayer, Cannon Trading Commodities Broker & VP
Crude Oil is one of MY favorite futures market for day trading. Before I dive in and share with you how the volatility in crude oil fits my risk tolerance for day trading and provide a couple of chart examples, we should review some of the specifications of Crude Oil Futures.
Crude Oil Futures have monthly expiration. So each month we trade a different contract month, so one needs to know when is the first notice day and last trading day for crude oil futures in order to always make sure we are trading the proper month with the most liquidity and avoid any chance of getting into delivery situation.
Next is the contract size. Crude Oil futures are based on 1000 barrels. To be honest from a day trading perspective all I care is that each tick or 1 cent fluctuation is $10 against me or in my favor per contract. That means that a move from 92.94 to 92.74 = $200.
Another factor is trading hours. At the time I am sharing my thoughts with you, April 8th 2013, crude oil futures trade on the CME Globex platform and trade from 5 PM CDT until the next day at 4 PM CDT. That is 23 of straight trading hours. I definitely don’t recommend day trading this market 23 hours…but it is good to know the trading hours.
Volume in crude oil futures is pretty good to trade in my opinion. Averaging about 300,000 contracts per day.
One last pointer to touch on is the API (American Petroleum Institute) report that normally comes out Wednesday at 9:30 CDT (on short weeks, holidays etc. , this report will be pushed to Thursday at 10 AM CDT). I tell my clients that this report is way too volatile and I like to be out 5 minutes before and not resume trading 5 minutes until after the report comes out. This report by itself deserves a writing but on short, the report provides information on how our stock pile is doing ( = supply/demand) and the market will move based on the numbers versus what was expected. Again as a day trader, your main job is to know about this report, when it comes out and in my opinion stay out of the market during this time..
Would you like to contact Ilan or any of our brokers for more feedback? We are happy to help!
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Are you using Sierra charts and looking to implement their Teton order routing?
If so, look no further, Cannon can assist you in getting set up!
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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 when it comes to Futures Trading.

Futures Trading Levels

06-13-2022

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Weekly Levels

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

https://mrci.com

Date Reports/Expiration Notice Dates
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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 herein 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 judgment in trading

Rollover Notice + Futures Trading Levels for 6.10.2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Large sell off today in stock index futures.

Tomorrow we have CPI which is a market moving event.
Also read below regarding rollover notice.

Rollover Notice for U.S. Stock Index and Currency Futures

Heads up traders! We’re approaching important dates on the trading calendar.
Rollover is here for stock indices. i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.
I personally start trading SEPTEMBER this Monday when the volume on September is higher than the June.
  Volume in the June contracts will begin to drop off until their expiration next Friday, June 17th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any June futures contracts through 8:30 A.M., Central Time on Friday, June 17th, they will be offset with the cash settlement price, as set by the exchange.
 Monday, June 13th is Last Trading Day for June currency futures. It is of the utmost importance for currency traders to exit all June futures contracts by Friday, June 10 and to start trading the September futures. Currency futures are DELIVERABLE contracts. By holding any June futures contracts through the close of Last Trading Day, you will be subject to delivering (short positions) or taking delivery of (long positions) the full notional value of the futures contract. So, unless you’re sitting on 12,500,000 Japanese Yen to give to the exchange, exit that short position.
The month code for September is ‘U.’  Please consider carefully how you place orders when changing over.

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 when it comes to Futures Trading.

Futures Trading Levels

06-10-2022

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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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.

Rollover Notice + Futures Trading Levels for 6.09.2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Rollover Notice for U.S. Stock Index and Currency Futures

By Mark O’Brien
Heads up traders! We’re approaching important dates on the trading calendar.
Tomorrow, Thursday, June 9, is roll-over day for stock index futures contracts, i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.  Starting tomorrow, the September futures contracts will be the front month contracts.  Volume in the June contracts will begin to drop off until their expiration next Friday, June 17th (8:30 A.M., Central Time). At that point, trading in these contracts halts. Stock index futures are CASH SETTLED contracts. If you hold any June futures contracts through 8:30 A.M., Central Time on Friday, June 17th, they will be offset with the cash settlement price, as set by the exchange.
 Monday, June 13th is Last Trading Day for June currency futures. It is of the utmost importance for currency traders to exit all June futures contracts by Friday, June 10 and to start trading the September futures. Currency futures are DELIVERABLE contracts. By holding any June futures contracts through the close of Last Trading Day, you will be subject to delivering (short positions) or taking delivery of (long positions) the full notional value of the futures contract. So, unless you’re sitting on 12,500,000 Japanese Yen to give to the exchange, exit that short position.
The month code for September is ‘U.’  Please consider carefully how you place orders when changing over.

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 when it comes to Futures Trading.

Futures Trading Levels

06-09-2022

 

Support and Resistance levels 6.09.2022

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

 

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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.

Hot Season for the Grain Markets + Support and Resistance Levels 6.08.2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Hot Season for the Grain Markets!

By John Thorpe
This time of year the Grain markets will be more susceptible to large price swings as a result of USDA reports most notably three and one other piece of information to round out the four things we need to pay attention to.
  •  Export Inspections released at 10:00am Central every Monday.   they look like this and can be found here
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
                 REPORTED IN WEEK ENDING JUN 02, 2022
                           — METRIC TONS —
————————————————————————-
                                                  CURRENT    PREVIOUS
             ———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
 GRAIN     06/02/2022 05/26/2022 06/03/2021   TO DATE    TO DATE
BARLEY             0         73          0           0           0
CORN       1,434,683  1,411,734  1,426,845  43,733,073  52,608,324
FLAXSEED           0          0          0           0           0
MIXED              0          0          0           0           0
OATS               0          0          0           0           0
RYE                0          0          0           0           0
SORGHUM      207,953    144,690     65,550   6,328,772   6,271,629
SOYBEANS     350,416    403,617    239,384  49,852,901  56,907,092
SUNFLOWER          0          0          0       2,260         240
WHEAT        352,779    344,907    531,921     225,845     194,485
Total      2,345,831  2,305,021  2,263,700 100,142,851 115,981,770
————————————————————————-
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA.
And look like this Notice the large proportion of very poor to fair with harvest weeks away in many of these states
https://www.cannontrading.com/tools/futures-market/grains/Wheat-Futures
  • USDA Supply/Demand and WASDE released once a month, this week it will be Friday morning at 11:00 Central  you can find them here https://www.usda.gov/oce/commodity/wasde  and they look like this.

 

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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 when it comes to Futures Trading.

Futures Trading Levels

06-08-2022

Futures Support and Resistance Levels 6.08.2022

 

 

Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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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.

Where and how do I exit a trade? & Futures Trading Levels 6.07.2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!

Exiting a Trade might be more important than the entries….

Futures and futures options trading is a challenging activity. More so for those traders who look to trading as an occupation. So much thinking, contemplating, planning goes into trading – related to the markets you’re trading, the strategies that get implemented, the possible risk/reward outcomes. For someone new to trading, seeing the sum total of all the parts may be a lot to take in. Veteran traders will tell you the full picture keeps changing and can be daunting often.
When trading goes well, the trader’s energy and overall outlook is powerful, optimistic and energizing for other aspects of life. When trading goes unsuccessfully, most traders feel the pain in many ways outside of the obvious financial consequences.
Whether you’re a day trader, a position trader, a spread trader, or an option trader, some of the mental challenges and the questions to go with them are constant:
  • Where, When and how do I enter a trade?
  • How do I define risk and implement any type of risk control, like placing stop orders, or implementing some sort of option protection?
  • Where and how do I exit a trade, both in the event of a profitable trade and an unsuccessful one?

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 when it comes to Futures Trading.

Futures Trading Levels

06-07-2022

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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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.

Weekly Newsletter 1100: Futures Spreads 101 + Trading Levels for the Week Ahead

Posted on by Ilan

Cannon Futures Weekly Newsletter Issue # 1100

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

Enhance Your Trading, Futures Spreads 101

By John Thorpe, Senior Broker
Futures spreads are a way to get involved in trending markets at a lower margin cost and often times can give the trader staying power to last weeks if not months. If you were thinking about entering the Crude market, or the Grain markets but were psyched out by the volatility of an outright long or short futures position. Futures Time Spreads or Calendar spreads where the trader goes long one month and simultaneously goes short another month of the same commodity is a way to engage your margin dollars in a trend.
We use the futures contract symbol, in the case of Soybeans ZS then FTS for futures Time Spread ZS FTS +N22,-Z22 if you look at the chart the symbol is highlighted upper left and the current price is 1.78 or $1.78 cents. that is the differential between the two contracts most recent prices today
Some advantages of using a spread are:
Soybean Futures Time Spread
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 when it comes to Futures Trading.

Futures Trading Levels

06-06-2022

Futures Support and Resistance Levels 6.06.2022

Weekly Levels

Weekly Support & Resistance Levels 6.06-6.10.2022

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

https://mrci.com

Date Reports/Expiration Notice Dates
MRCI Report 6.03-6.13.2022

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 herein 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 judgment in trading

Unemployment + ISM = VOLATILITY? & Support and Resistance Levels 6.03.2022

Posted on by Ilan
Get Real Time updates and more on our private FB group!
Full day tomorrow!
Starting early with NFP report ( Non Farm Payrolls) which is a market mover and you can read more about here.
ISM to follow as well as Fed member Brainard speaking.
Stocks finished sharply higher ahead of the employment report as well as energies and metals.
Expect a volatile day.

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 when it comes to Futures Trading.

Futures Trading Levels

06-03-2022

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Improve Your Trading Skills

Get access to proprietary indicators and trading methods, consult with an experienced broker
 1-800-454-9572 Explore trading methods. Register Here


Economic Reports, Source: 

Forexfactory.com

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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.

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.