Here is a subject that a lot of people don’t understand at all. Day Trading can be risky. So, it is something that you should stay away from unless and until you are absolutely sure about what you are doing.
There are a number of items about Day Trading such as the minimum mantaince requirementand more that need to be taken into consideration. With the blogs and write-ups listed in this section, you can learn a great deal about day trading.
We at Cannon Trading can help you understand the different concepts of trading and present you with the latest information on the same. Our team of professional and smart people can help you in your day trading transactions and more. In order to understand day trading more clearly, we advise that you go through all the write-ups listed in this category archive on Day Trading.
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
Important Notices – Next Week Highlights:
The Week Ahead
By John Thorpe, Senior Broker
766 corporate earnings reports as the season swings into action with the largest U.S. Banks! A number of meaningful Economic data releases including CPI, PPI and There will be a series of FED Speakers throughout the week.
Earnings Next Week:
Mon. Quiet (59rpts mid and smallcaps)
Tue. Quiet (25rpts Mid and smallcaps)
Wed. (162 rpts) Pre-Open JP Morgan Chase, Wells Fargo, Goldman Sachs, Black Rock, Citigroup, Bank of NY, Oracle after the close
Thu. ( 186 rpts) Pre-open Tiawan Semiconductor, United HealthCare, BofA, Morgan Stanley, US Bank.
Fri. Quiet (108 mid and small caps rpts)
FED SPEECHES:
Mon. Quiet
Tues. Schmid 9 am CST, Williams 2:05 CST
Wed. Barkin 8:20 CST, Kashkari 9 am CST, Williams 10 am CST, Goolsbee 11 am CST
Thu. Quiet
Fri. Quiet
Economic Data week:
Mon. Consumer Inflation Expectations,
Tues. RedBook, PPI
Wed. CPI, NY Empire State Manufacturing Index
Thur. Jobless claims, Philly Fed, Retail Sales, Business Inventories, NAHB Housing Market Index
Fri. Building Permits, Housing Starts, Industrial Production
Futures 102: World Cup Trading Championship
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The minimum starting account balance is $10,000 for Futures and $5,000 for Forex.
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Top finishers may be invited to have their trading featured on WorldCupAdvisor.com. Subscribers may pay to follow their trades automatically.
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.
The March 10 year treasury notes have resumed their break into a new low. At this point the chart is taking aim at its third downside PriceCount objective to the 106^24 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
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.
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.
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?
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.
Listen to our podcast: Subscribe on Apple, Spotify, Amazon, or wherever you listen to podcasts!
Bullet Points, Highlights, Announcements
By Mark O’Brien, Senior Broker
General:
In a one-day early release, the Labor Department said on Wednesday that the number of Americans filing new applications for unemployment benefits fell to an 11-month low last week. Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 201,000 for the week ending Jan. 4, the lowest level since February 2024. The report was published a day early as federal government offices are closed today in honor of former President Jimmy Carter who died on Dec. 29 at the age of 100.
Coming up tomorrow, the first Friday of the month, the Labor Dept. releases its monthly Non-farm payrolls report. It’s widely considered to be one of the most important and influential measures of the U.S. economy. Forecasters predict the U.S. created a modest 155,000 new jobs in the final month of 2024. The economy added 227,000 jobs in November. The unemployment rate is forecast to be unchanged at 4.2%. The report is released at 7:30 A.M., Central Time.
Stock Indexes:
U.S. stock index futures closed today in a mark of respect for the late former president. President Joe Biden declared a National Day of Mourning following Carter’s passing.
Grains:
Also due out Friday: the latest USDA crop production and world supply & demand report as well as the final production numbers and stocks as of Dec. 1. These reports are released at 11:00 A.M. Central Time.
Softs:
The hands down 2024 commodity price gain winner: cocoa. Despite new all-time highs in Bitcoin futures, eclipsing 110,00 in mid-December and gold surpassing $2,800 per ounce in late October, cocoa nearly tripled in price over 2024, far outpacing other commodities. The March ’25 futures contract hit an intraday and record high of $12,931 a metric ton on Dec. 18. Top cocoa producers Ivory Coast and Ghana have suffered crop losses due to adverse weather and bean disease.
Energy:
In the meantime, Brent and West Texas Intermediate crude oil futures posted a second consecutive annual decline in 2024 as supply outstripped a rebound in demand growth.
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.
Listen to our podcast: Subscribe on Apple, Spotify, Amazon, or wherever you listen to podcasts!
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.
All banks will remain open, margin calls and money transfers will be processed as normal.
Please take note of the following adjusted trading schedules on January 9, 2025
(*all times are US Central Time):
CME Group:
Equity Index – Close at 8:30am, settle prices derived at 12:00pm. All Equity Index options expiring January 9th will be moved to expire on January 8th.
Interest Rates – Close at 12:15pm
Ags – Close at 12:15pm
Energy, FX, Metals, Crypto – Normal Trading Hours
MIAX Futures:
Hard Red Spring Wheat – 12:15pm
ICE US Commodities – Normal Trading Hours
Regular market opening times will be in place for the January 10, 2025 trade date.
Please let us know if you have any questions.
March Cotton
March cotton is threatening to break down once again. At this point, new sustained lows would project a possible run to the third downside PriceCount objective to the 62.18 area.
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.
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.
Listen to our podcast: Subscribe on Apple, Spotify, Amazon, or wherever you listen to podcasts!
Movers and shakers!
By John Thorpe, Senior Broker
Three trading days removed from Contract Highs in the U.S. Dollar index @ 109.325 basis the March 2025 contract and a 2 full cent retracement yesterday, the bulls certainly appear to be control of this market with a close today near the session highs @ 108.40. The value of the dollar has numerous implications for our export markets, as the dollar becomes stronger the cost of goods become more expensive.
High Dollar values over the long term usually do not not bode well for commodity prices. Needless to say, the energy complex looks strong today with spot Feb WTI up .85 cents, nearing the $75 /bbl mark after being in the 60’s just 10 days ago.
The Grain market has nearly a mirror inverse image basis the daily charts compared to the U.S Dollar index. With one exception, The corn market.
Just an observation, the precious metals market have struggled to make new highs or even break above their 3 month Mid range price levels as the U.S. Dollar strength has been a main feature affecting the commodity markets.
The U.S Dollar is considered a safe haven.
Today’s Movers
Today’s News:
Updated: January 7, 2025 9:02 am
Institute of Supply Management (ISM) US Service Sector Headline Recap
**ISM US December Service Sector Composite Index: 54.1 ; expected 53.4 ; prior month 52.1
**ISM US December Service Sector Business Activity: 58.2 vs prior month 53.7
**ISM US December Service Sector Employment: 51.4 vs prior month 51.5
**ISM US December Service Sector New Orders: 54.2 vs prior month 53.7
**ISM US December Service Sector Prices Paid: 64.4 vs prior month 58.2
Updated: January 7, 2025 9:02 am
**US November 2024 Job Openings and Labor Turnover Summary (JOLTS): 8.098 mln; prior month 7.744 mln
US weekly jobless claims will be released at 7:30 am CT Wednesday morning, a day earlier than normal due to the funeral for former Pres. Carter, initial claims are expected at 215,000, up +4,000 from the prior week.
Watch Tomorrow’s Movers and Shakers:
7:30 AM CST Waller Fed Speech
ADP December US Private Sector jobs net change data will be released Wednesday morning around 7:15 am CT. Analysts expect job gains of +136,000 that’s off 100,000 from the previous month’s +146,000.
11:00 AM CST FOMC minutes from the December Rate decision
Both crude oil and natural gas numbers are out tomorrow!
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.
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
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.
Thu. Harker 8 am CST, Barkin, Schmid and Bowman all Mid Day.
Fri.
Economic Data week:
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.
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.
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.
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.
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!
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.
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.
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?
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.
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.
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.
The November 25th QT Chart of the Day alerted readers that the US dollar index had completed its first upside PriceCount objective. The chart proceeded to correct lower which is normal reaction. Now, we are attempting to resume the rally where new sustained highs would project a possible run to the second count to the 109.98 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
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.
Would you like to get weekly updates on real-time, results of systems mentioned above?
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.
Listen to our podcast: Subscribe on Apple, Spotify, Amazon, or wherever you listen to podcasts!
Stock Index December contracts (i.e., the E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.) expire Friday, December 20th (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 December futures contracts through 8:30 A.M., Central Time on Friday, Dec. 20th, they will be offset with the cash settlement price, as set by the exchange.
FRONT MONTH IS NOW MARCH , the symbol is H25, example for Micro mini SP is MESH25
The month code for March is ‘H.’ Please consider carefully how you place orders when changing over.
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.
*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
More details at: http://www.cmegroup.com/tools-information/holiday-calendar.html
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.
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.
Listen to our podcast: Subscribe on Apple, Spotify, Amazon, or wherever you listen to podcasts!
The Day After FOMC – What will the Markets Do?
By Mark O’Brien, Senior Broker
General:
The Federal Reserve lowered interest rates by a quarter percentage point today, lowering the Fed’s benchmark federal-funds rate to a range between 4.25% and 4.5%, a two-year low.
“Today was a closer call but we decided it was the right call,” Powell told reporters at its post-announcement press conference. “It was the best decision to foster achievement of both of our goals,” referring to price stability and maximum employment.
The Fed cut rates at its two previous meetings, beginning with a half-percentage-point reduction in September and a quarter-point cut last month.
The Federal Reserve downgraded its view of how inflation will progress next year. Back in September officials had penciled in around four cuts next year. New projections released Wednesday show officials expect to make fewer rate reductions next year. Most penciled in two cuts for 2025 if the economy grows steadily and inflation continues to decline.
Stock Indexes:
The Dec. E-mini Dow Jones futures contract and its related cash index are approaching a fifty-year record with today’s sell-off capping a 10-day losing streak – its worst since an 11-day slide in 1974. Despite the streak, the Dow sits roughly 5% from an all-time high.
Stock index futures across the board sold off after the announcement. The Dec. E-mini S&P 500 has fallen ±160 points / ± 2.6% as of this typing, moving further away from its all-time closing high 6096.75 on Dec. 4.
Crypto:
After trading intraday yesterday to yet another all-time high of 108,960, December Bitcoin futures have fallen ±8000 points below 10100 late this session.
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.
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.
*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
