Cannon Futures Weekly Letter
In Today’s Issue #1241
- LIVE, FREE Demo for Futures & Options
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The Week Ahead – CPI/PPI Week! Chair Powell on Thursday.
- Futures 102 – Trading Set Ups for Review
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Hot Market of the Week – July-Sept. Corn Spread
- Broker’s Trading System of the Week – Notorious ES Day Trading System
- Trading Levels for Next Week
- Trading Reports for Next Week
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Free Demo: Live Data, Streaming Charts
Introducing the newest trading platform to our already prominent selection: CannonX
- Cloud-based and compatible with Windows and MacOS
- Top-of-the-line tradable charts with abundant indicators and drawing tools
- Option quotes display for all expirations and including all “Greeks.”
- Quote programmability for straight futures and options as well as futures and option spreads, including multi-leg/complex options spreads.
- Depth-of-market display at your fingertips for any of the position types listed aboveFull, easy-to-read account information display
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Important Notices: The Week Ahead
By John Thorpe, Senior Broker
CPI/PPI Week! Chair Powell on Thursday
More volatility to come as next week all markets will be reacting to whatever comes out of Geneva, Switzerland where U.S.-China trade representatives will be meeting for the first time since the tariff tantrums had begun. Therefore, increased volatility expectations.
WASDE Monday, 11a.m. CT World Agricultural Supply and Demand
Economic hard data Highlights next week will include Consumer Price Index and Producer Price Index as Tues. and Wed. respectively. The Y o Y forecast is 2.4 % for the CPI and Next month’s PPI numbers should reflect producer price changes affected by global tariff implementation.
Earnings reports will reflect 900+ total reports while we are in the top of the 5th inning of earnings season, the reports can still impact the indices but much less than in past weeks.
Highlighted by Constellation Software, Honda motor Company, Tencent Holding LTD., Siemens AG, Sony Corp, Walmart, Alibaba to name a few Large Cap stocks
Earnings Next Week:
- Mon. Constellation Group
- Tue. Honda Motor Company
- Wed. Tencent, Cisco, Siemens, Sony
- Thu. Walmart, Alibaba
- Fri. Quiet
FED SPEECHES:
- Mon. Kugler 9:25 am CT
- Tues. Quiet
- Wed. Waller 4:15 a.m. CT, Jefferson 8:10 a.m. CT, Daly 4:40 p.m. CT
- Thu. Fed Chair Powell 7:40 a.m. CT, Barr 1:05 p.m. CT, at the Thomas Laubach Research Conference, Washington, D.C.
- Fri. Williams 8:05 am CDT
Economic Data week:
- Mon. WASDE
- Tue. CPI 7:30 a.m. CT , Redbook
- Wed. EIA Crude Stocks
- Thur. Continuing Jobless Claims, PPI, Philly Fed, Retail Sales, Capacity Utilization, Hsg Mkt Index, .EIA Nat Gas
- Fri. Bldg Permits, Housing Starts, Mich. Consumer Sentiment
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Futures 102: Free trial to Trade Algos
Simpler Approach To Trading Using ALGOS and Trade Management
Sign up to receive family of studies along with trading ALGORITHMS you can place on your own charts, your own time frame and the markets you prefer.
Once you register to the free 3 weeks trial, you will also receive a 23 page PDF eBook that details the logic, concept and trading applications that can be used while applying these indicators.
- Counter Trend Signals
- Early Trend Signals
Start Your FREE Trial Now
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Hot Market of the Week
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.
July-September Corn Spread
The July – Sep corn spread completed its first downside PriceCount objective to the 19.75 area and is consolidating for a moment. If the chart can resume its slide, the second count would project a possible slide to the 11 area.
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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.
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Brokers Trading System of the Week
Notorious ES Trading System
Market Sector: Stock Index Futures
Markets Traded: ES
System Type: Day Trading
Risk per Trade: varies
Trading Rules: Partially Disclosed
Suggested Capital: $30,000
Developer Fee per contract: $110.00 Monthly Subscription
System Description:
Trade ES futures. System coded to seek long or short entries, and the system only uses the higher probability signal. System contains a money management component.
Get Started
Learn More
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| Disclaimer: The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.
Futures Trading Disclaimer:
Transactions in securities futures, commodity and index futures and options on futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract, meaning that transactions are heavily “leveraged”.
A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you.
You may sustain a total loss of initial margin funds and any additional funds deposited with the clearing firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position.
If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.
Please read full disclaimer HERE.
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Trading Levels for Next Week
Daily Levels for May 12th, 2025
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| Would you like to receive daily support & resistance levels? |
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Trading Reports for Next Week
First Notice (FN), Last trading (LT) Days for the Week:
www.mrci.com
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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.
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