Christmas 2025 Holiday Schedule for CME Exchange Hours

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Christmas 2024 Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

  d6dd4092 e746 49f5 87f0 7e9d26ff328b *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® Christmas Holiday Schedule for CME Exchange Hours (including Globex & ICE Exchange)

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
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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.

Post-FOMC Moves: Markets React to Rate Cut and Outlook

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C24

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.

 

 

Daily Chart of the mini SP500 below:

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stars

Daily Levels for December 19, 2024

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
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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.

Movers and Shakers: Markets Await Fed Decision Amid Retail Sales Strength

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C9

Movers and shakers!

By John Thorpe, Senior Broker

 

The Equity markets got a little less frothy today ahead of the Final rate decision; prices down marginally. Some SMA crossovers are showing a downside break is in store for the DOW Index. Not so for the S & P or Nasdaq Indices. Although the S&P does not appear to be poised for a breakdown like the Dow, (range bound for the past 3 weeks) NQ’s story is a little different and the Magnificent 7 have continue to fuel the endless rally with only a minor 6/10th’s of a percentage correction. My personal view is this is simply a retail selling opportunity in advance of the FOMC results tomorrow, I call it a little “risk off”.

 

Energies, Grains, Metals, softs are all closing on the negative for the day with very few exceptions within the complexes.

 

US Advance Retail Sales Headline Recap

 

**US November Advance Retail Sales: +0.7%; expected +0.6%

**US November Advance Retail Sales ex Autos: +0.2%; expected +0.4%

 

**US revised October Retail Sales: +0.5% from +0.4%

 

Redbook Weekly US Retail Sales Headline Recap

 

**Redbook Weekly US Retail Sales were +4.5% in the first two weeks of December 2024 vs December 2023

**Redbook Weekly US Retail Sales were +4.8% in the week ending December 14th vs yr ago week

 

Redbook Weekly US Retail Sales Headline Recap

 

**Redbook Weekly US Retail Sales were +6.5% in the first week of September 2024 vs September 2023

**Redbook Weekly US Retail Sales were +6.5% in the week ending September 7 vs yr ago week

 

Updated: December 17, 2024 8:15 am

Federal Reserve US Industrial Production & Capacity Utilization Headline Recap

 

**Federal Reserve November US Industrial Production: -0.1%; expected +0.2%

**Federal Reserve November US Capacity Utilization: 76.8%; expected 77.2%

 

**Federal Reserve October US Industrial Production revised: -0.4%; prior -0.3%

**Federal Reserve October US Capacity Utilization revised: 77.0%; prior 77.1%

 

Updated: December 17, 2024 9:38 am

**US House Speaker Johnson Tuesday morning said the stopgap funding bill will have $10 billion for US farmers

Updated: September 10, 2024 12:49 pm

 

 

Watch Tomorrow’s Movers and Shakers:

 

 

Fed Funds FOMC Rate decision @ 1P.M. Central with 1:30 PM Presser with J. Powell to follow.

 

Consensus Outlook:

The US Federal Reserve will announce their FOMC policy statement Wednesday afternoon around 1:00 pm CT. Many economists expect the FOMC to lower the key Fed Funds rate by 25 basis points, to a range between 4.25% to 4.50%. However, after Tuesday’s strong November US retail sales data showed underlying economic momentum, pundits are wondering if the Fed may signal a cautious, slowing pace of interest rate cuts in 2025.

Soybeans Daily Chart Below:

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stars

Daily Levels for December 18, 2024

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
f7363207 c028 4d9c 9b54 b7e3d0377c46
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.

Weekly Newsletter: Rollover, Levels for Monday, Sugar Outlook & More!

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel

C67

Cannon Futures Weekly Letter Issue # 1221

In this issue:

  • StoneX/E-Futures Platform Updates
  •  Important Notices – Earnings, FOMC, Rollover, The Week Ahead.
  • Futures 102 – SP500 Outlook + Premium Daily Research Trial
  • Hot Market of the Week – March Sugar
  • Broker’s Trading System of the Week – NQ intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

 

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

 

 

Important Notices – Next Week Highlights:

 

The Week Ahead

By John Thorpe, Senior Broker

 

  • 122 corporate earnings reports and a number of meaningful Economic data releases including Core Personal Consumption and Expenditures Index (PCE) a closely watched Data point for the FED.Additionally, The final fed funds rate decision of 2024 will be announced on Wed. Dec. 18th, to be followed by Chairman Powell’s presser 30 minutes later.Below are the Rate change Probabilities as of this morning from the CME Fedwatch tool.

     

     

    Prominent Earnings Next Week:

    • Mon. Quiet (32 rpts)
    • Tue. Quiet (19 rpts)
    • Wed. Micron, Lennar Homes Post close
    • Thu. Quiet (30 rpts)
    • Fri. Quiet (18 rpts)

     

     

    FED SPEECHES:

    • Wed. 1:30 P.M. CST FOMC Chair Jerome Powell, leads Fed Presser on Rate decision.

     

    Economic Data week:

    • Mon. NY Empire State Manu. Index, S&P Global PMI Composite,
    • Tues. Retail Sales , Redbook, Industrial Production, Business Inventories, Housing Market Index,
    • Wed. Bldg Permits, Housing Starts, FOMC Rate Decision, Economic projections
    • Thur. Jobless claims, Core PCR, GDP Final, Philly Fed, Conference Board Leading Economic Indicators, Existing Home Sales
    • Fri. Core PCE Price Index, Personal Income
    •  For stock index futures traders, it’s time to “roll over” and start trading the March ’25 futures contracts. This Friday, Dec. 20th at 8:30 A.M., Central Time, the Dec. ’24 futures contracts will officially halt trading and the exchange will cash settle all open positions. 

 

 

Futures 102: Daily Research Free Trial

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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.

 

 

stars

3b644da2 2bee 4d39 8d98 5208a20bec39

 

    • 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

March Sugar

The rally in March sugar ran out of momentum and the chart has been trending lower since. If the chart can sustain its break from here, the second downside PriceCount projects a possible run to the 20.16 area. It would take a trade below the September reactionary low to formally negate the remaining unmet upside count which would also be consistent with targeting the third downside count.

 

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.

   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.

Fusion NQ

 

PRODUCT

Nasdaq 100 Mini

 

SYSTEM TYPE

Swing Trading

 

Recommended Cannon Trading Starting Capital

$50,000

 

COST

USD 150 / 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 receive daily support & resistance levels?
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S
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S

Daily Levels for December 16th, 2024

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Weekly Levels for the week of

December 16th, 2024

 

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Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:
677d9748 686b 4138 bf35 bf480b65ad5c

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.

Daily Insights and Market Levels: Unlock Premium Research with Artac Advisory

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Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon, or wherever you listen to podcasts!

C109

Daily research, market levels and much more from our friends at Artac Advisory – feel free to sign up for a FREE, NO OBLIGATION trial of their premium service and research!

 

stars

Daily Levels for December 13, 2024

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
7e6a70a5 8356 4193 98c4 6aebdcde9ff0
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.

Movers and Shakers: Inflation Data, Market Highs, and Commodity Surges

Pass the Knowledge – Feel Free to Forward to a Friend!

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon, or wherever you listen to podcasts!

C109

Movers and shakers! 

By Mark O’Brien, Senior Broker

 

General:  

 

Fresh inflation data was released this morning, giving Federal Reserve officials one last glimpse at how their battle against inflation is progressing as they prepare for their final interest rate decision of 2024 next week.  The November Consumer Price Index climbed 2.7% percent year-over-year.  While this was in line with economists’ expectations, the report was a reminder that the central bank has yet to achieve a full victory.

Fed policymakers will decide whether or not to cut interest rates for a third and final time this year at their Dec. 17-18 gathering, and they will also release a fresh set of economic projections for 2025.

The Fed aims for 2 percent yearly inflation, although they define that goal using a separate but related index, the Personal Consumption Expenditures measure. That will come out on Dec. 20, so this is the last big inflation report officials will have in hand before their meeting.

 

Stock Indexes:   

 

Today, the Dec. E-mini Nasdaq futures rose over 400 points – an $8,000 per contract move – and above 21,800 to its latest all-time high.  Still yet to close above 6100 despite trading intraday above that mark five of the last six sessions, including today, the E-mini S&P 500 is within single-digit points of closing at its own all-time high, surpassing the 6096.75 close last Friday, Dec. 6.

 

Crypto:   

 

December Bitcoin futures once again pierced the $100,000 level with today’s ±$5,000/±5.25 move up and is set to post its latest all-time closing price after closing at $101,580 last Friday, Dec. 6.  As of this typing, Dec. Bitcoin is trading at $102,150.

 

Energy: 

 

January natural gas jumped over 20 cents per million British thermal units (MMBtu) – a $2,000 per contract move) in its largest single-day move in months.  The rally coincides with colder weather sweeping across the Midwest and Northeast.  Overnight and 3-5-day forecasts are trending colder and boosting near-term demand.

 

Softs: 

 

Yesterday, March coffee futures traded up to all-time highs – above a 1977 price point – as analysts and traders expect crops in Brazil and Vietnam – the world’s two largest producers – to shrink.  Brazil experienced one of its worst droughts in 70 years during August and September, followed by heavy rains in October, raising fears that the flowering crop could fail.  Vietnam’s crops experienced a similar weather cycle.  One of the most heavily leveraged futures contracts: each one-cent move is $375, the March contract has sot up ±$1.00 per pound – from its $2.42 close on Nov. 1 to its $3.34 close yesterday, a ±$34,500 per contract move.  Coffee is the world’s second most traded commodity by volume, after crude oil.

 

stars

Daily Levels for December 12, 2024

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
eba68ded d503 4bd7 ad73 094e657c10aa
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.

Movers and Shakers: CPI on Deck, OPEC Leadership, and Commodity Surges

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Join our Private Facebook group

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Listen to our podcast: Subscribe on AppleSpotify, Amazon, or wherever you listen to podcasts!

C65 1

Movers and shakers!

By John Thorpe, Senior Broker

 

Equities prices were mostly flat as traders are anticipating tomorrow mornings CPI release at 7:30 CT.

Iran’s oil minister has been elected as OPEC President for 2025, Crude prices are holding steady in the 68.25 / bbl area

…as Gold surged again in the face of some dollar weakness.

Supply concerns are affecting Cocoa prices as the mid year West African cocoa crop outlook has deteriorated (April) as dry conditions will hurt the early development of the crop. ICE-monitored cocoa inventories held in US ports have been trending lower for the past 1-1/2 years and fell to a 20-year low Monday of 1,487,243 bags. Also, 23/24 stocks to Grindings report reflect a 46-low. March Cocoa was up 476 or $4760.00 per contract to close at 10557 basis the march contract.

Monthly WASDE was released today, here is a quick synopsis: World Corn carryout was much smaller than previously reported. 296.44 mmt vs 304.14 mmt providing continued bullish sentiment from the August lows. March 25 Corn surged 7 and ¼ cents.

 

 

 

Watch Tomorrow’s Movers and Shakers:

 

 

CPI Consumer Price Index @ 7:30 am CDT.

 

Consensus Outlook

How we wish the inflation numbers were improving! Forecasters expect headline CPI to show increases of 0.3 percent on the month and 2.7 percent on the year for November versus 0.2 percent and 2.6 percent in October. The core is expected at a sticky 0.3 percent and 3.3 percent on the year, the same as in October and September. With readings like this, the expectation for the December Fed policy meeting remains split between a 25 bp cut and no action, although the latest soft-ish jobs report underpins rising expectations for 25.

 

 

Earnings: Adobe will be the feature, otherwise very quiet, only 19 firms reporting

 

stars

Daily Levels for December 11, 2024

 

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Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
ebef3475 2ef4 469b 9c90 8f1770855020
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.

OPEC Meeting Tomorrow: Crude Oil Insights and Trading Strategies

Pass the Knowledge – Feel Free to Forward to a Friend!

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on AppleSpotify, Amazon, or wherever you listen to podcasts!

C108

OPEC meeting tomorrow.

Crude Oil analysis from our friends at Artac Advisory.

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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.
8649f59e d2cb 4b29 a7c6 f8f3469d889e
Ask a Broker: What is Day Trading Futures, Part 2?
Ask a Broker: What is Day Trading Futures, Pt 2?

 

stars

Daily Levels for December 9, 2024

e7d2ff5b 6259 4eea 9e9c c80cc17ed314

 

Economic Reports

provided by: ForexFactory.com
All times are Eastern Time ( New York)
d9f16aca 9757 4ac6 b11c 616bf943bca3
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.

Weekly Newsletter: The Week Ahead in Futures Trading, Auto Trading System, 10 Year Outlook & More!

Get Real Time updates and more by joining our Private Facebook Group!
Subscribe to our YouTube Channel

C60

Cannon Futures Weekly Letter Issue # 1220

In this issue:

  • Important Notices – Earnings, CPI, WASDE, The Week Ahead.
  • Futures 102 – Crude Oil Outlook + Premium Daily Research
  • Hot Market of the Week – March 10 Year Notes
  • Broker’s Trading System of the Week – Mid Cap Swing System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices – Next Week Highlights:

 

The Week Ahead

By John Thorpe, Senior Broker

 

294 corporate earnings reports and a number of meaningful Economic data releases including Consumer Price Index (CPI) and Producer Price Index (PPI). It’s also the beginning of the Fed Blackout period and the Monthly USDA World Agriculture Supply and Demand (WASDE)report will also be next week!

Prominent Earnings Next Week:

  • Mon. Oracle , post close
  • Tue. Gamestop
  • Wed. Adobe
  • Thu. Broadcom, Costco
  • Fri. quiet

 

 

FED SPEECHES:

  • This is the Fed Black out period in advance of the Dec 18th, Yearend, Fed Meeting. According to the CME FedWatch Tool as of today, Dec 6th , There is an 87.1 % likelihood of a .25 basis cut from the current Fed Funds rate of 4.50-4.75 range, during the upcoming meeting, Therefore a 12.9 % probability of remaining steady with no change.

 

Economic Data week:

  • Mon. Wholesale Inventories, Consumer Inflation Index
  • Tues. NFIB Business Optimism Index , Redbook, WASDE
  • Wed. CPI
  • Thur. PPI, Jobless claims
  • Fri. Export Prices

 

Futures 101: Ask a Broker!!

Projecting Targets

Projecting Targets

 

Futures 102: Crude Oil In Depth Analysis

49cb05c4 f24e 4583 8af4 2c2d0b1d2e7e

 

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.

 

 

stars

3b644da2 2bee 4d39 8d98 5208a20bec39

 

    • 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

March 10 Year Treasury Notes

The rally in the March 10 Year completed its first upside PriceCount objective last month and consolidated its trade. Now, the chart has resumed its rally where the second count projects a possible run to the 111^31 area.

 

PriceCounts – Not about where we’ve been , but where we might be going next!

92a7a6c0 37a2 476f 9997 2188bfc59df5

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.

MidCap Yellow

 

PRODUCT

Mid Cap SP400

 

SYSTEM TYPE

Swing Trading

 

Recommended Cannon Trading Starting Capital

$50,000

 

COST

USD 110 / monthly

 

Get Started

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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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Daily Levels for December 9th, 2024

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Weekly Levels for the week of

December 9th, 2024

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Trading Reports for Next Week

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

NFP Tomorrow: Key Insights and Market Impacts

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NFP tomorrow!

Non Farm Payrolls, market moving event!

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts;

Please see an SP500 outlook from our friends at Artac Advisory and feel free to sign up for a FREE, NO OBLIGATION trial of their premium service and research!

 

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Daily Levels for December 6, 2024

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Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
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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.