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5. Futures Economic Reports for Thursday June 09, 2016
Hello Traders,
For 2016 I would like to wish all of you discipline and patience in your trading!
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“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” -Sir John Templeton
Weekly chart of Dow Jones Cash below for your review.
Rollover notice!!
Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, June 9th, at 8:30 am CDT Time is rollover day.
Starting June 9th, the September 2016 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the September 2016 contract as of June 9th. Volume in the June 2016 contracts will begin to drop off until its expiration on Friday June 17th.
The month code for September is U6.
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.
Please close any open March Currency positions BEFORE the close on Friday the 10th.
Should you have any further question please contact your broker.