Weekly Newsletter 1078: Rollover Notice and Trading Tips During Rollover & Support and Resistance Levels for the Week Ahead

December 10th, 2021 Filed under Financial Futures, Index Futures, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Letter Issue # 1078

Dear Traders,

Like us on FaceBook!

www.facebook.com/CannonTrading

Get Real Time updates and market alerts on Twitter!

Trading 201: Trading During Rollover

Rollover Notice for U.S. Stock Index, Currency and Financial Futures

Heads up traders! We’re approaching important dates on the trading calendar.

Monday, December 13th is Last Trading Day for December currency futures. It is of the utmost importance for currency traders to exit all December futures contracts and start trading the next quarterly futures contract and the new front month: March ’22. Currency futures are DELIVERABLE contracts. By holding any December futures contracts through the close of Last Trading Day, you will be subject to delivering (short positions) or taking delivery of (long positions) the full notional value of the futures contract.

For stock index futures traders, on Friday, Dec. 17th, the Dec. ’21 futures contracts will officially halt trading and the exchange will cash settle all open positions at 8:30 A.M., Central Time. Thursday, December 9th marked the traditional date traders started rolling Dec. stock index futures trades to the next quarterly futures contract and the new front month: also March ’22. Come forward to the new front month for the next ±90 days.

Finally, for financial futures traders (Ultra bonds, 30-yr. T-bonds, 2-, 5-, 10-yr. T-notes, etc.) the traditional roll-over day was Nov. 30th/First Notice Day (the date all open LONG positions became subject to delivery). The next front month – and now by far the more liquid – is also March ’22. For all longs and shorts not in the deliverables market, it’s time to trade March ’22 contracts.

The March exchange symbol for all these futures contracts is “H.” Check for the appropriate complete symbol for these new front month futures contracts on your trading/charting software. Make sure your quotes, charts, DOM’s are set to the correct futures contract month.

Keep in mind the following:

Currencies are DELIVERABLE and you must be out and trading March as of today, Friday Dec. 10th
Stock index futures are cash settled on Friday Dec. 17th at 9:30 AM Eastern Time.
During the rollover period, especially with stock index futures, I noticed that the first few days will have two sided, volatile action. Think about it, you have large traders and institutions who are NOT day traders and carry large positions as speculation or a hedge and now they need to rollover from Dec. to March.
In my opinion, counter trend methods, mean reversion techniques can work better during rollover period but one must be very aware as past performance is not indicative of futures results.
Keep in mind, back in the days, many floor traders would “trade the spread” specifically with different techniques. I believe some traders still do using the screen.
Bottom line is know that this is rollover period, do research on past rollover periods, start trading the March contract and good trading and happy holidays!

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 when it comes to Futures Trading.

Futures Trading Levels

12.13.2021

Support & Resistance Levels 12.13.2021

Weekly Levels

Weekly Support & Resistance Levels

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

https://mrci.com

Date Reports/Expiration Notice Dates

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

Rollover Notice for US Stock Index Futures / Currencies / Financials – March Contract 2022

December 10th, 2021 Filed under Future Trading News | Comment (0)

Dear Traders,

Like us on FaceBook!

www.facebook.com/CannonTrading

Get Real Time updates and more on our private FB group!

https://business.facebook.com/groups/1105191589938254/

Rollover Notice for US Stock Index Futures / Currencies / Financials

Friday December 10th is rollover day in US stock index futures. Currencies and Financial Markets.

Starting Monday many traders will start trading the March 2022 contract rather than the December 2021 contract.

Symbol for March is H.

Example: ESH22

The rollover period will be complete by next Friday when December contracts expire into cash.

Here are a few pointers from a Cannon Trading Broker:

With the volume looking to change in the equity indices my recommendation is to make sure you are trading strategies on larger time-frames till the end of this week. If using volume indicators be more cautious on the data that has been gathered. The December contract will start rolling into the March over next few days until the December futures expire next Friday, December the 17^th. tomorrow. I recommend switching your charts and trading to the December month by days end.

Good Trading

Rollover notice for stock index futures 12.09.2016

December 8th, 2016 Filed under Future Trading News | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

YOUR VOTE MATTERS

We are competing in the 2016 TraderPlanet STAR Awards!

We’re honored to have been picked by the TraderPlanet Community as one of the top companies in the trading industry.

The STAR Awards program recognizes firms that provide exemplary service and innovative product offerings to traders. Presenting the STAR Awards for seven seasons, TraderPlaent.com remains the go to education and information resource for traders of all skill levels.