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.
Access new markets with the enhanced suite from CME Group
CME Group invites you to attend an online event focusing on the Micro E-mini futures and options suite on Wednesday, March 22.
Join us as Craig Bewick, Senior Director of Client Development & Sales, and Paul Woolman, Global Head of Equity Products, discuss the trading performance and rise in liquidity of Micro E-mini Equity futures and options. In addition, they will cover recent enhancements to the suite, including the introduction of Micro E-mini S&P MidCap 400 and SmallCap 600 futures as well as the Micro E-mini Monday-Thursday Weekly options.
Follow the link below to register for this online event. Further instructions will be provided following registration.
A Cannon broker will be able to assist, provide feedback and answer any questions.
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.
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.
What Traders need to Know to Finish the Trading Week:
By Mark O’Brien, Senior broker
Crude oil futures prices plunged more than $5.50 a barrel intraday today – touching a low of $65.65 (basis April) – to their lowest in more than a year as news that Credit Suisse’s biggest shareholder, Saudi National Bank, said it would not make further investments in the firm, sending the Swiss lender’s stock plunging ±27% and adding to the already extreme turmoil in the banking sector from the collapse of Silicon Valley Bank and Signature Bank last week here in the U.S.
In turn, gold futures prices climbed over 1% intraday with the April contract topping $1,942.50 per ounce intraday, it’s highest price since early February. Conversely, Copper futures lost ±11 cents / pound – over 4% intraday – with the May futures contract touching $3.84 / lb. matching prices from early January and extending a near month-long ±40-cent / $10,000 decline.
Not surprisingly, with the banking sector hitting rough seas this last week, treasuries have once again assumed their safe-haven status with the 30-yr. T-bond futures contract soaring ±10 full basis points ±$10,000 over the last nine trading days to March 3 and sending the benchmark 10-year Treasury note yield tumbling to near 3.5%
Significant volatility looks to be the order of the day for the near term across the major financial futures sectors – stock indexes, interest rates, currencies – as well as metals and energies. Up next, the FOMC meeting this coming Tuesday/Wednesday.
Be Careful out there, Plan your trade and trade your plan!
A Cannon broker will be able to assist, provide feedback and answer any questions.
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.
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.
The Week Ahead,(hint CPI release tomorrow, Fed Blackout period, ECB Rate decision to name a few)
By John Thorpe, Senior broker
Or rather the weekend update for March 13th.. No government bailouts!
I bring this to everyone’s attention so you can, for yourself, rather than listen to our available media outlets what the Fed has decided to do and how they plan on addressing any future bank issues. I have also included the FDIC links where Failed Banks will be listed. For now we have two , let’s hope it stays that way..
Mixed signals from a number The US Treasury Department and The Fed over the weekend. (Janet Yellen said no help for the depositors of SVB on Saturday) Fed Reversed.
Here are a few links regarding the eye popping news of Bank Failures.
The FDIC is where you can get the most recent updated list and what actions they take. Personally when the appoint a new CEO do your research on these people.
if CPI core services excluding housing is not also improving, the FOMC will have another reason to hike rates by 50 basis points at the March meeting. If some of the lagged effects of past rate hikes are visible release @ 7:30 CDT Tuesday.
FINAL Demand PPI on Wednesday at , you got it, the same time will move the market although it shouldn’t be Brutal.
Thursday Jobless claims! Same bat time same bat station. Also the ECB Rate decision at 8:15 CDT 45 mins after the jobless claims and housing starts, we finish on ST. Paddy’s day! With a Leading indicators number that may be overshadowed by the previous economic releases. Be Careful out there, Plan your trade and trade your plan!
The March Mini SP resumed its rally into a new high earlier this month but was unable to sustain that renewed momentum now in the correction lower the chart is activated downside PriceCounts and quickly completed the first objective and showing signs of stability for a moment
Hot market above 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.
PriceCounts – Not about where we’ve been , but where we might be going next!
A Cannon broker will be able to assist, provide feedback and answer any questions.
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.
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.
Ahead of NFP this Friday, the below is provided by our friends over at NewSquawk.com
PREVIEW: US nonfarm payrolls (Feb’23) to be released on Friday March 10th at 13:30GMT/08:30EST
Traders will frame the February jobs data in the context of the FOMC’s March 22nd meeting. Chair Powell this week has guided expectations towards a 50bps rate rise at that meeting, and suggested that the FOMC is likely to revise its view of the terminal rate higher.
Accordingly, the bar for further hawkish repricing is higher than the bar for any dovish tweaking to that pricing (the former being likely in the event of an upside surprise, and the latter in the event of a downside surprise).
The reaction will likely be largely premised on the headline and then the wage components. It is also worth noting that expectations for that March meeting will be refined by the CPI data for the month, which is due on March 14th.
EXPECTATIONS: The consensus looks for 203k nonfarm payrolls to be added to the US economy in February (forecast range: 100-325k), with the pace cooling from the 517k added in January. If the consensus is realized, it would be lower than the pace of the 3-, 6- and 12-month averages, at 356k, 349k and 414k respectively. The unemployment rate is expected to be unchanged at 3.4% (range: 3.3-3.5%); the Fed projects that the jobless rate will peak at 4.6% in 2023, although the central bank will update its economic projections at the March 21-22nd confab.
A Cannon broker will be able to assist, provide feedback and answer any questions.
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.
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.
Be ready to trade tomorrow and know what reports are coming and possible implications!
Today we saw a very volatile market with Powell speaking. More to follow tomorrow along with beige book, JOLTS and ADP and if you are an energy trader than you probably already know, its the weekly number that can really move the energy sector.
See full list of the reports below.
By the way Did you know you can trade EVENT CONTRACTS?
A Cannon broker will be able to assist, provide feedback and answer any questions.
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.
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.
The Busy Week Ahead Fed Chair Jerome Powell is scheduled to deliver the semiannual monetary policy testimony – often called the Humphrey-Hawkins testimony – at 10:00 EST on Tuesday before the Senate Banking Committee and on Wednesday, the same time, at the House Financial Services Committee. International Trade @8:30 am Wednesday ,Jobless claims on Thursday same time and Friday, one of the bigger reports
By the way Did you know you can trade the Daily Options on the ES and other indices? right in your Cannon Trading brokerage account? They are called weekly options with expirations EACH DAY OF THE WEEK! if you have a live CME data feed and pulling in live ES or MES quotes you can access these on your trading platform. please reach out to your Cannon Trading inc broker for details.
A Cannon broker will be able to assist, provide feedback and answer any questions.
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.
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 ( non farm payrolls) or unemployment report will not come out tomorrow as it normally does on the first Friday of every month, however keep in mind that the anticipated and volatile ISM report will be out tomorrow right at 10:00 o’clock AM Eastern Time.
A Cannon broker will be able to assist, provide feedback and answer any questions.
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.
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.
Inflation concerns weigh heavily not only on the markets we trade, discussions with our family, friends and neighbors often include the topic of inflation. It’s an inescapable reality in 2023. This weeks anticipated market movers are inflation gauges or data points the FED uses to guide future policy directives.
Tomorrow we have a number of gauges for the markets to absorb and they are all before 10 a.m. EST. Case -Shiller home price index, Chicago PMI, Consumer Confidence and the Richmond Fed Manu Index. All between 9 and 10 a.m..
Wednesday Fed Governor Kashkari at 9 a.m. followed by PMI Manu Final @ 9:45 ISM and construction spending @ 10 a.m.
Thursday Motor Vehicle Sales (look for a slowdown compared to a hot January) and Jobless Claims at 8:30 EST and Productivity and costs. It’s also a heavy week for US Treasury bill note and bond settlements and auctions.
Friday ISM @ 10 EST and a number of fed Governor speeches beginning @ 110:45 EST through the end of the trading week. No Non Farm Payrolls this week!
Historically, the Senate Banking and the House Financial Services committees hold hearings with the FED Chair Twice a year and February is the month these open mike events are held. Not this year. Although when they do schedule the hearings it may be a little more challenging for FED Chair Powell to rely on Post Black out period discussions since this is normally when the Chairman is invited to the congressional hearings-immediately after FED Rate announcements.
The employment situation for February AKA Non Farm Payrolls won’t be released until Friday, March 10. The February survey reference period ended Saturday, February 18. It takes three weeks to prepare the report. What is normally a first Friday of the month release, will therefore be on the second Friday.
A Cannon broker will be able to assist, provide feedback and answer any questions.
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.
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.
If you are currently trading options on futures or are interested in exploring them further, check out our newly updated trading guide, featuring 25 commonly used options strategies, including butterflies, straddles, strangles, backspread and conversions. Each strategy includes an illustration demonstrating the effect of time decay on the total option premium involved in the position.
Options on futures rank among our most versatile risk management tools, and are offered on most of our products. Whether you trade options for purposes of hedging or speculating, you can limit your risk to the amount you paid up-front for the option while maintaining your exposure to beneficial price movements. To learn more about CME Group options, you can also visit our Options page
Complete the simple form below and you will receive a link to download the 25 Proven Strategies brochure immediately. This eBook is free to you and no-obligation. Learn about the 25 Proven Strategies for trading options on CME Group Futures for FREE!
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.
PriceCounts – Not about where we’ve been , but where we might be going next!
Dec. Corn resumed it’s break into new lows which has the chart taking aim at it’s third downside PriceCount objective of the $5.61 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.
Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary, confidential consultation with a Cannon Trading Company series 3 broker.
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
PCE tomorrow. Last few PCE reports we saw some very wild moves!
What is the PCE report?
Source Bureau of Economic Analysis (latest release): Measures Change in the price of goods and services purchased by consumers, excluding food and energy; Usual Effect ‘Actual’ greater than ‘Forecast’ is good for currency;
Frequency Released monthly, about 30 days after the month ends;
Next Release Mar 31, 2023 FF Notes Differs from Core CPI in that it only measures goods and services targeted towards and consumed by individuals.
Prices are weighted according to total expenditure per item which gives important insights into consumer spending behavior. CPI is released about 10 days earlier and tends to garner most of the attention;
Why Traders Care? It’s the Federal Reserve’s primary inflation measure. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Acro Expand Personal Consumption Expenditures (PCE), Consumer Price Index (CPI);
Would you like to hear the PCE numbers and market reaction LIVE tomorrow? Get a trial of breaking news, text alerts and market insight directly on your trading desktop? Start here.
A Cannon broker will be able to assist, provide feedback and answer any questions.
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.
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.
