Cannon Futures Weekly Letter

In Today’s Issue #1316

• The Week Ahead – Retail Sales, FOMC Minutes, NVIDIA Earnings & More

• FREE Trading Class

• Russell Automated Day Trading System

• Dollar Index Chart & Outlook

• Cannon Edge – Your Futures Trading Map for the week ahead!

• Trading Levels for Next Week
• Trading Reports for Next Week

NVIDIA, FOMC

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

Mark your calendars please. After all the headlines about AI, Chips, Honeypots, skullduggery and Lust last week, NVIDIA reports fiscal Q3 earnings after the close on Tuesday November 17^th. Estimates are $2.47 EPS on 108.82 billion revenue.

Midterm Election Years: Historically are the best-performing Q4 period for the S&P 500 index, averaging a 6.6% gain with a positive finish roughly 84% of the time. Seasonality is a guide, not a forecast. Earnings, rates, and policy will still drive the tape. The calendar, however, is rotating into the stretch the data have long identified as the most constructive phase of a president’s term.

Fed Minutes on Wednesday.

The energy complex, metals, securities, grains and interest rates are swirling in the uncertainty from a lack of resolution in the attempted unwinding of the Iranian nuclear program and the effective rate of inflation on consumerism and the economy.

Don’t let your guard down just yet, the fog continues, tune into the Sunday evening markets to witness reactions to the weekend news streams, manufactured or true.

  Plan your trade and trade your plan!

Earnings Next Week:

·        Mon.   Tyson Foods, Aramark, AECOM

·        Tue. NVDA, Home Depot, Walt Disney, La-Z-Boy

·        Wed. Tencent Hldgs, Palo Alto, TJX, Lowe’s, Target

·        Thu. Cisco, Applied Materials

·        Fri. Williams Sonoma

Fed Speakers: (all times CDT)

·        Mon. Barr 8:00 am, Williams 9:05 am, FED CHAIR Warsh Noon @ S.F. Fed., Barkin 6:00 pm

·        Tues.  Waller 9:20 am, Hammack 9:30 am, Williams 2:25 pm

·        Wed.  Barr 1:35 pm, Williams 2:30 pm

·        Thu.   Hammack 8:50 am, Barr 2:15 pm, Barkin 4:00pm, Paulson 6:30 pm

·        Fri.   Cook 12:15 pm

Econ Data:

·        Mon. Empire State, 3-6 mo. T-Bill auction

·        Tue. ADP weekly, Retail Sales, NY Fed, Capacity Utilization, Business Inventories, NAHB Housing Market Index, 6-week Bill auction, Redbook, API Crude stock change

·        Wed. MBA Mortgage applications, Housing Starts, Building Permits, Pending Home Sales, EIA Crude Stocks. FOMC Minutes,

·        Thu. Initial Jobless Claims, EIA Nat Gas, Philly Fed Manufacturing,  4-, 8- and 17-week bill auction, CB Leading Index,  Fed Balance sheet, Reserve Balances with Fed Banks

·        Fri. Mich. Consumer Sentiment, Baker Hughes Oil Rig Count.

Free Live Class: Open Your Trading Day with Eli Levy

Join Eli Gal Levy live on Zoom every Tuesday at 10:00 AM ET for a free session to understand the markets. Eli walks through the overnight action, the key levels he’s watching in the E-mini S&P, Nasdaq, crude oil, gold, Treasuries and more, and the economic reports that could move markets that day or week. He also shares the risk-management habits that matter most when volatility picks up.

Eli has been trading since 1998 and is an educator in trading financial markets. He writes The Cannon Edge Pre-Market Briefing and the Weekly Technical Playbook, and he teaches futures trading courses at GalTrades.com.

REGISTER FREE →

Every Tuesday | 10:00 AM ET | Free on Zoom

Your personal Zoom link arrives by email as soon as you register.

Third-Party Links: Links to independent third-party websites are provided for informational purposes only and do not constitute an endorsement, recommendation, solicitation, or guarantee by Cannon Trading. We do not control and are not responsible for third-party content, claims, products, services, security, privacy practices, or regulatory compliance. Users are responsible for conducting their own due diligence before acting on third-party information. Futures trading involves substantial risk of loss and is not suitable for all investors. You may lose all or more than your initial investment. Past performance is not necessarily indicative of future results.

Brokers Trading System of the Week

 Balance Intraday v.3.1 _ Mini-Russell

Market Sector: Indices

Markets Traded:   Mini Russell – RTY

System Type: Intraday

Risk per Trade: varies

Trading Rules: Partially Disclosed

Broker’s Suggested Capital: $20,000

Developer Fee per contract: $150.00 Monthly Subscription

Get Started

Learn More

IMPORTANT RISK DISCLOSURE

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

The returns for trading systems listed throughout this website are hypothetical in that they represent 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 backadjusted data (backadjusted).

Note that the Client Fill Trades are reported across all clients utilizing the platform, across multiple brokers, and are not based solely on the performance of accounts at this brokerage.

The hypothetical model account begins with the initial capital level listed and is reset to that amount each month. The percentage returns reflect inclusion of commissions, fees, slippage, and the cost of the system. The monthly cost of the system is subtracted from the net profit/loss prior to calculating the percentage return.

If and when a trading system has an open trade, the returns are marked to market on a daily basis, using the backadjusted data available on the day the computer backtest was performed for backtested trades, and the closing price of the then front month contract for real time and client fill trades. For a trade which spans months, therefore, the gain or loss for the month ending with an open trade is the marked to market gain or loss (the month end price minus the entry price, and vice versa for short trades).

The actual percentage gains/losses experienced by investors will vary depending on many factors, including, but not limited to: starting account balances, market behavior, the duration and extent of investor’s participation (whether or not all signals are taken) in the specified system and money management techniques. Because of this, actual percentage gains/losses experienced by investors may be materially different than the percentage gains/losses as presented on this website.

Please read carefully the CFTC required disclaimer regarding hypothetical results below. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING.

FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS

The information contained in the reports within this site is provided with the objective of “standarizing” trading systems account performance and is intended for informational purposes only. It should not be viewed as a solicitation for the referenced system or vendor. While the information and statistics within this website are believed to be complete and accurate, we cannot guarantee their completeness or accuracy. As past performance does not guarantee future results, these results may have no bearing on, and may not be indicative of, any individual returns realized through participation in this or any other investment.

The statistics on this page are calculated via the combination of three hypothetical data sets:

1. Backtested, 2. Tracked, and where available 3. Live.

Backtested performance is calculated by running a trading system backwards in time, and seeing what trades would have been done in the past when applied to backadjusted data. Tracked performance is calculated by running the trading system forwards on data each and every day, and logging the trades as they happen in real time day after day. Live performance is calculated by running the trading system on live tick data for actual clients and tracking the actual buy and sell prices those clients trading the system receive in their account.

We use Live results to calculate monthly returns for any month in which clients were trading for the entire month, Tracked fills for those months in which there are no client fills for the entire month, and computer generated fills for those months occurring before we loaded the system onto our trade servers. The results are hypothetical in that they represent returns in a model account. The model account rises or falls by the single contract profit and loss achieved by the system in whichever data set is available.

The hypothetical model account begins with the Sugested Capital listed, and is reset to that amount each month. The percentage returns reflect inclusion of commissions, fees, slippage, and the cost of the system. The commission, slippage, fees, and monthly system costs are subtracted from the net profit/loss prior to calculating the percentage return.

Please note that the method of resetting the model account to the initial value at the start of each month creates a track record which is representative of the simple returns for each time period, but that it does not, by definition, show how returns would compound over time. Should an investor following said program trade a single contract indefinitely without also resetting their account to the initial capital amount each month, their performance will differ from the performance detailed herein.

December Dollar Index

The December dollar index completed the third upside PriceCount objective last month and corrected. Now, the chart is breaking out where new sustained highs would project a possible move to the low percentage fourth count to the 107.44 area, another 4.5% higher.

Schedule a one on one consultation with a licensed series 3 broker HERE

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 https://www.qtinfo.com/analysis/qt-chart-of-the-day/

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.

FREE TRIAL TO QT MARKET Center – Access to analysis, tools, news & Much more!

Highly recommended for HEDGERS!

Cannon Edge — Your Daily Futures Insight for the Next Trading Day! Cannon Edge for Nov. 16th 2026

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

• Current price and daily % change
• 30‑day and 52‑week highs/lows
• PROPRIETARY Short‑term and long‑term trend signals
• Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

Built for speed. Backed by insight. Powered by CQG.

Daily Levels for Nov. 16th, 2026

Trading Reports for Next Week

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

www.mrci.com

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.

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