Analysis of gold as we hit all time highs!

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C20

 

Gold’s Performance Against U.S., Asian Equities the Past Century

By Erik Norland of CMEGroup.com

Is gold a more profitable investment than equities over the long term? Our finding is that the value of gold has mostly held its own against the U.S. equity market since the S&P 500 time series began over 94 years ago (Figure 1). A well-defined picture of their performance through peaks and troughs is evident when the S&P 500 dollar value is repriced in gold, which is done by dividing the S&P 500 by the U.S. dollar price of one troy ounce of bullion (Figure 2).

Figure 1: Overall, gold has nearly held its own versus equities over the past 100 years.

 

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The S&P 500/gold ratio has been subject to extremely strong trends and occasional periods of consolidation which correspond with different economic and geopolitical situations, some of which benefitted equities relative to gold and vice versa. Generally, equities have done better than gold during periods of geopolitical stability, disinflation and steady economic growth, while gold tends to outperform during periods of instability. Switching from one circumstance to another can set off powerful trends in the S&P 500/gold ratio that can last for years, even decades. The same goes for Asian equity markets when compared to gold, although the price history isn’t as long and the patterns differ both in equity market performance and trends in the currency market.

Since the equity market’s peak on September 3, 1929, the S&P 500/gold ratio has been through six distinct eras:

  • 1929-1942: The Great Depression and the Rise of the Axis Powers: Between 1929 and 1933 S&P 500 fell by 86% in U.S. dollar terms. In 1933, the incoming Roosevelt Administration’s first action was to devalue the dollar versus gold from $23 to $35 per ounce, a 52% gain for anyone who was still able to hold on to gold. Between 1933 and 1942, equities stagnated as the U.S. struggled to recover from the Depression and as the Axis Powers of Germany, Italy and Japan reached their peak of expansion in 1942.
  • 1942-1968: Allied Victory, Bretton Woods and Superpower Parity: as the Allies turned the tide in the war, equity markets began to rally. Stocks continued upward with only brief pauses around the time of the Korean War and the Cuban missile crisis. Under the post-war Bretton Woods system of fixed exchange rates, the dollar remained fixed at $35 per ounce and foreign currencies were pegged to the dollar. The S&P 500 soared 1,165% versus the dollar and gold.
  • 1968-1980: Overheating and Stagflation: The combination of the Great Society program and Vietnam War overheated the U.S. economy, leading to successive waves of inflation. Amid rising prices, the U.S. dollar peg to gold was no longer tenable. In 1971, the Nixon Administration pulled the plug on Bretton Woods, setting off a rally in gold prices that took the yellow metal from $35 to $800 per ounce by the end of the decade. Equity prices traded sideways in a wide range during this period of uncertainty which also featured the U.S. withdrawal from Vietnam, the 1973 Arab Embargo, the Iranian Revolution and the Soviet invasion of Afghanistan. Relative to gold, the S&P 500 fell by 95%.
  • 1980-2000: Disinflation and Pax Americana: Over the course of two decades the S&P 500 rose by 4,137% versus gold as stock prices soared and precious metals retreated amid tight money, falling inflation and improved economic growth.
  • 2000-2011: The Tech Wreck, War on Terror and the Global Financial Crisis: during this period, the S&P 500 lost 89% in gold terms.
  • 2011-2021: Pax Americana Part 2: From 2011-2019 equities soared amid a slow, low-inflation recovery in the U.S. that sent the price of gold substantially lower. While equities fell in the early stages of the Covid-19 pandemic, fiscal stimulus and $4.9 trillion of Federal Reserve quantitative easing (QE) purchases initially benefitted equities more than gold. Overall, the S&P 500 outperformed gold by 337% during this time.

What’s next? The S&P fell 28% versus gold from late 2021 through 2022, and despite its 2023 rebound led by mega-cap companies dubbed the Magnificent Seven, it remains 5% lower versus gold as of late February 2024 despite being about 6% above its 2021 highs when expressed in dollar terms. A few points are clear:

  • The S&P has lost its upside momentum versus gold.
  • The world may have entered a lasting period of geopolitical instability with Russia and other powers challenging the U.S.-led order.
  • It’s not clear if the U.S. and its peers will return to lastingly low levels of inflation or not.
  • Central banks have conducted the biggest tightening cycle in over 40 years, which may increase the risk of a global economic downturn and subsequent monetary easing.

These points have the potential to turn the tide against U.S. equities, which are highly valued (see our related article here), in favor of hard assets like gold. But what about much less expensive equity markets like those in China, Japan and Korea? South Korea’s KOSPI Index, Japan’s Nikkei 225 and Hong Kong’s Hang Seng Index have their own strong trends versus gold.

READ THE REST

 

Plan your trade and trade your plan

 

 

 

 

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Daily Levels for March 6th, 2024

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

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

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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.

Highlights & Announcements + Futures Trading Levels for 02.23.24

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C15

 

Bullet Points, Highlights, Announcements

 

General / Stock Indexes: 

 

You can’t keep a good index down.  When the stock price of a member of the Magnificent Seven Stocks – artificial-intelligence chip leader Nvidia – advances 15% for the day on its quarterly earnings report and the company’s market cap. approaches $2-Trillion, it moves the stock indexes of which it is a component – the Nasdaq 100 and the S&P 500. 

 

Their related futures contracts lead the way with the S&P 500 claiming its largest daily increase in months – over 105 points at this typing – to new all-time highs for the contract, pushing over 5,100.  The E-mini Nasdaq advanced ±550 points over 18,000 and the E-mini Dow Jones added over ±500 points to set its own new all-time high near 39,200.

 

Not to be outdone, Japan’s main stock index, the Nikkei 225, closed at its own new all-time high above 39,000, a level it set 34 years ago before the country fell into the doldrums of a deflationary economy.  In fact, the Nikkei has been the world’s best-performing major index in 2024, surging ±17.5% only two months into the year and trouncing the impressive ±5% advance of the S&P 500.  Ironically, Japan is still amidst a recession and just fell behind Germany to the no. 4 spot among the world’s leading economies.

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Largest economies in the world by GDP (nominal) in 2023

according to International Monetary Fund estimates

Metals: 

 

After a week-long ±$50 break to below $2,000/oz. intraday on Feb. 14, April gold recovered ±$30 and has stayed rangebound over the last few trading sessions as the minutes of the Fed’s late-January meeting released yesterday showed that the bank was in no hurry to begin cutting interest rates.

 

Grains: 

 

March corn futures dropped to three-year lows today, trading within five cents of $4.00 per bushel on plentiful domestic supply and signals that South America will harvest strong crops this year.

 

Energies: 

 

Signs of production declines sent natural gas futures contracts into rally mode this week with the front month March contract seeing a ±20-cent increase off its life-of-contract lows – a ±$2,000 move.  U.S. exploration and production company Chesapeake Energy signaled it plans to reduce its natural gas production this year by roughly 30% given extremely low prices.

 

 

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Daily Levels for February 23rd, 2024

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Economic Reports
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All times are Eastern Time ( New York)
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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.

Natural Gas lows, Market Sell off Post CPI + Futures Trading Levels for 02.14.24

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C3

 

  • Take a look at Natural Gas new lows…..
  • What about Cocoa new highs….
  • Today’s CPI was as good as advertised…take a look at NQ 1 minute chart below from today
  • May Coffee, Cotton, Cocoa are now front months due to higher volume in the May contract
  • Busy week ahead with many reports. See image below.

 

NQ 1 min chart from today’s CPI , market moving report.

 

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stars

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Daily Levels for February 14th, 2024

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Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
c5f1fa3d 5a4a 4c2d a2fc 4c9d5d9a1b1c

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

3b644da2 2bee 4d39 8d98 5208a20bec39

* 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.

Earnings, Heavy Fed speaker week, light data week, Thursday WASDE for the Ag traders among us.

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C8

 

The Week Ahead: Earnings, Heavy Fed speaker week, light data week, Thursday WASDE for the Ag traders among us.

By John Thorpe, Senior Broker

 

McDonalds is a featured Dow stock on the earnings front this week, after todays close,

Other stocks of note this week. Eli Lilly before the open Tuesday, expectations are for a boost of 2.36 EPS per analysts on rev of 9 Billion. After Wednesday’s close Walt Disney will report , with expectations of 1.04 EPS on revenue of 23.8 billion.

 

In case you missed the 60 Minutes interview with Fed Chair Powell Sunday night. Here is a brief synopsis:

Noting that US growth is “solid” and the labor market “strong”, Jerome Powell said in a 60 Minutes TV interview on Sunday that the Federal Reserve “can approach the question of when to begin to reduce interest rates carefully.” Powell repeated comments from last week’s FOMC press conference that the Fed wants to see more progress on inflation before cutting rates. Powell downplayed chances that the Fed would begin cutting rates at its next meeting in March, saying policymakers want to be as confident as they can that inflation is on the path to the Fed’s two percent target. Yet he said “almost every single person” on the FOMC believes it would be appropriate to begin cutting rates sometime this year.

Tuesday we have 4 Fed Speakers , Mester, Kashkari, Collins, and Harker, Wednesday we have 4 again,

Kugler, Collins for a second time in the week, Barkin and Brown. On Thursday two speeches by the same governor Barkin, 3 hours apart and a lone speaker rounds out the week on Friday, Logan.

 

And on Thursday the USDA Supply and Demand numbers will be released for the country and the world.

 

Make it a solid week and always, “plan the trade and trade the plan”

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stars

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Daily Levels for February 5th, 2024

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
267c1ab8 c4e7 4601 8f67 85708d553ee3

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.

Weekly Newsletter: Hedging Guide, Copper Outlook, CME Fees, 1099s and more….

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C7

Cannon Futures Weekly Letter Issue # 1180

In this issue:
  • Important Notices – 1099 Forms, CME Fees, FN & LT Days
  • Trading Resource of the Week – Futures Hedging Self Study Guide
  • Hot Market of the Week – March Copper
  • Broker’s Trading System of the Week – ES Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices –

    • 1099 forms will be generated for all futures trading accounts held by US clients that placed any trades during the 2023 calendar year. Traders should expect to receive their 1099 forms via mail, email or through their portal in early February.
    1099 forms will be provided directly from the FCM to the client.
    • CME Fees Increase Update:
    In a Special Executive Report released by the CME Group, it was announced that effective February 1, 2024, a number of transaction fees will see amended (increased) exchange / transaction fees.
    Effective February 1, the CME Group is raising the exchange fees for a number of futures contracts.
    For the CME E-mini equity products: E-mini S&P 500 (ES), E-mini Nasdaq (NQ), E-mini Dow Jones (YM) and E-mini Russelll 2000 (RTY), fees are going up by 5 cents, from $1.33 to $1.38
    For the NYMEX energy products: Crude oil (CL), Heating oil (HO), RBOB Unleaded gas (RBOB) and Natural gas (NG) fees are going up by 10 cents, from $1.50 to $1.60
    For the COMEX metals products: Gold (GC), Silver (SI), Copper (HG) and Platinum (PL) fees are going up by 5 cents, from $1.55 to $1.60
    For the COMEX E-mini metals products: miNY gold (QO), miNY silver (QI), miNY copper (QC) fees are going up by 25 cents, from $0.75 to $1.00
    • 566 earnings reports next week
    • WASDE Report
    • Below are the contracts which are entering First Notice or Last Trading Day for the upcoming month. Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day.

 

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Trading Resource of the Week : Futures Hedging Self Study Guide!

Self-Study Guide to Hedging with Grain and Oilseed Futures and Options. Regardless if you are a farmer, rancher or simply looking to trade grains and livestock futures, this guide will help you understand the ins and outs of trading and hedging using futures and options.

 

 

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  • Hot Market of the Week – March Copper
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 Copper
March copper completed its first upside PriceCount objective and has settled into a range bound trade. IF the chart can resume its rally with new sustained highs, it would project a possible run to the second count in the 4.03 area, consistent with a challenge of the August high.
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.
PRODUCT
SYSTEM TYPE
Intraday
COST
USD 85 / monthly
Recommended Cannon Trading Starting Capital
$15,000
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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?
Yes
S
No
S

 

Daily Levels for February 5th 2024

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

Trading Reports for Next Week

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Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:
bb845aee 06a2 4ef3 93ab a67cc5d5f29f

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.

Weekly Newsletter: Free Trading Consultation + Futures Trading Levels for Jan. 29th

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C3

Cannon Futures Weekly Letter Issue # 1179

In this issue:
  •  Important Notices – 2024 World Cup Trading Championship
  • Trading Resource of the Week – FREE Trader’s Consultation
  • Hot Market of the Week – April Hogs
  • Broker’s Trading System of the Week – NQ Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

 

Important Notices –

The 2024 World Cup Trading Championships® are just around the corner.

You are invited to enter the ultimate trading challenge, where some of the world’s best Futures and Forex traders compete.

The World Cup Trading Championships have been held since 1983 and are the most prestigious trading competitions in the industry. The winners of each division will prove that they are the best of the best.

The top profitable Entrants will be eligible to receive a magnificent pewter Bull and Bear trophy or a beautiful crystal Bull and Bear Trophy.

Real-money competitions based on net returns – no entry fee required.

Take on traders from across the globe to compete for coveted Bull & Bear trophies, glory, and new career opportunities.

Do you have what it takes?

ENTER NOW!

Contact us at 1-310-859-9572 or Visit Us on the Web

 

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Trading Resource of the Week : Book a Trading Consultation ( FREE, no obligation!)with a Cannon Trading Series 3 Broker

Available to both Clients and prospects!

  • Immediately increase your software and computer competence
  • Valuable order entry tips
  • Help create a personalized workspace
  • Compare multiple trading software
  • Get to know your Broker
  • Learning Options strategies

In this complimentary call or screen share session, which can last up to 30 minutes, you will have the opportunity to seek guidance and pose questions to our expert on a wide range of topics. These topics include, but are not limited to:

  • – Gaining insight into day trading margins.
  • – Assessing and reviewing various trading platforms and technologies.
  • – A comprehensive breakdown of fees.
  • – Exploring different trading methods.
  • – Understanding options on futures.
  • – Delving into Order Flow.
  • – Learning about Proprietary Trading.
  • – Insights into CME membership.
  • – Exploring Trading Psychology.
  • – The impact of economic reports on trading.
  • – AND MUCH MORE… We will tailor the session to your specific needs and inquiries.

BOOK NOW – Limited Availability

 

 

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  • Hot Market of the Week – April Hogs
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.
April hogs stabilized their slide after completing the first downside PriceCount objective. Now, on the correction higher, the chart has activated upside counts and is taking aim at the first target in the 84.98 area.
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.
NEO SPECTRUM NQ E-mini Nasdaq
PRODUCT
SYSTEM TYPE
Swing
COST
USD 395 / monthly
Recommended Cannon Trading Starting Capital
$100,000
b5fa5f3d 05ae 42c7 ae1e bbf65210b521
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?
Yes
S
No
S

 

Daily Levels for January 29th 2024

 

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

Trading Reports for Next Week

b01808ed e57c 45cc 8169 7e765b59f10a

 

Economic Reports
provided by: ForexFactory.com
All times are Eastern Time ( New York)
6e40c95d 29b8 42fa bcf2 82bbf5fed2b7

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.

Weekly Newsletter: LIVE Trade Alerts via Email + Futures Trading Levels for Jan. 8th

Cannon Futures Weekly Newsletter Issue # 1177

 

Join our private Facebook group for additional insight into trading and the futures markets!

In this issue:

  • Important Notices
  • Trading Alerts Via Email
  • Broker’s Trading System of the Week – Mini Nasdaq Day Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week
  • Important Notices

      • We are not seeing any Fed Speakers on the Calendar for next week, this could change.
      • Volatility should be a feature mid to late week
      • Wholesale trade (Wed), CPI (Thur), jobless claims(Thur), PPI (Fri) All@ 7:30 a.m. CST
      • Over 1 Trillion $$ in Market Cap report Q4 ’23 earnings on Friday the 15th.
      • Those reporting: JPM(Chase), UNH (United Healthcare), BAC (Bank of America), WFC (Wells Fargo), C (Citibank), BLK (BlackRock)
      • In the Ag sector, what is touted as “the biggest USDA data dump of the year, presenting the opportunity for the most market-moving surprises” by Arlan Suderman StoneX lead Ag analyst.
      • USDA Supply/Demand and Annual Crop production numbers to be released @11:00 a.m. CST

 

 

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  • Real Time Email Alerts

    Directly to your Phone!

  • You will receive an email each time there is an entry or exit in a simple language along with the current price for that specific market.
  • A licensed series 3 broker at your fingertips
  • Email alerts available to US and Canada and Int’l clients
  • Alerts available for: Stock Indices, Grains, Metals, Rates, Currencies, Meats & Softs
  • Open an account* and receive the Trade Alerts free for 3 months ($357 value)
  • See an example of a recent trade alert for Gold Futures in the image below
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  • 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.

CR7

PRODUCT
Mini NASDAQ 100
SYSTEM TYPE
Intraday
Recommended Cannon Trading Starting Capital
$20,000.00
COST
USD 50 / monthly
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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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  • Trading Levels for Next Week

Daily Levels for January 8th, 2024
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Trading Reports for Next Week
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  • click above for a LIVE demo, streaming prices
First Notice (FN), Last trading (LT) Days for the Week: www.mrci.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 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.

 

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.

NFP – Non Farm Payrolls Tomorrow +Futures Trading Levels for 01.05.24

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Big NFP / unemployment report tomorrow an hour before the stock market opens.

This is a market moving report and indices, bonds, currencies, metals and other markets will see some large swings.

I personally like to be out before the report, wait a few minutes for the zig zag to relax and then look to re-enter.

Intraday day chart of the NQ from last month below for your review! Dec. 8th NFP report.

Over 100 points move in less than a minute!! that is approx. $2,000 per one contract of the NQ ( against you or in your favor…)

Emini Nasdaq 1 minute Chart
Emini Nasdaq 1 minute Chart

 

 

 

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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

01-05-2024

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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.

Video on Projecting Levels, Christmas Modified Trading Schedule + Levels for 12.20.23

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Subscribe to our YouTube Channel

 

March is front month for stock indices and currency futures.

Symbol for March is H, so example ESH24

February is front month for crude oil.

Christmas Modified trading schedule below.

 

Video: Projecting possible targets when trading futures

 

Projecting possible targets when trading futures

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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

 

12-20-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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.

Quadruple Witching + Futures Trading Levels for Dec 15th

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Join our Private Facebook group

Subscribe to our YouTube Channel

 

Stock Index December contracts (i.e., E-mini and Micro S&P, Nasdaq, Dow Jones and Russell 2000.) expire Friday, December 15th (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. 15th, they will be offset with the cash settlement price, as set by the exchange.

FRONT MONTH IS NOW MARCH , the symbol is H24, example for mini SP is ESH24

 Monday, December 18th is Last Trading Day for December currency futures. It is of the utmost importance for currency traders to exit all December futures contracts by Friday, December 15th and to start trading the March futures. Currency futures are DELIVERABLE contracts.

The month code for March is ‘H.’  Please consider carefully how you place orders when changing over.

 

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US$ Daily Chart below:

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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

 

12-15-2023

 

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

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.