Cannon Futures Weekly Letter

In Today’s Issue #1269

• The Week Ahead – FOMC Ahead!

• Futures 101 – Trading Contest Starts Sunday Evening!

• Hot Market of the Week – Jan Natural Gas

• Broker’s Trading System of the Week – NQ Day Trading System 

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

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

A Fed History Tutorial

The FRB December Rate decision looms:

Wednesday, the 10^th at 1 PM CST. Followed by Jerome Powell’s presser. I’ve been listening long enough to the financial new press about the “independence of the fed” and the open criticism applied By President Trump of fed funds rates not being reduced quick enough and the open criticism of Trump and his option as President to use the bully pulpit.

Historians will tell you it is somewhat difficult to determine how many Presidents over the years since the Fed was created, pressured the FED quietly.

A secret gathering that laid the groundwork for the federal reserve took place in November 1910, specifically from about November 20th to November 30th, at the Jekyll Island Club off the coast of Georgia. Convened by Senator Nelson Aldrich, powerful bankers and financial figures met to devise a plan to reform the U.S. banking system and prevent future financial panics, leading to the eventual Federal Reserve Act of 1913.

In 1912 Democrats won the White House and majorities in both houses of Congress. Even before his inauguration, President-elect Woodrow Wilson began encouraging congressional leaders to enact banking and currency reform. In March 1913 the Democratic Senate created its first Banking and Currency Committee.

On December 23, 1913, the Senate adopted the conference report to Create the FED by a vote of 43 to 25, with every Democrat present voting for the measure and all but four Republicans voting against it. (Twenty-seven senators were “paired” or chose not to vote.).

Well documented major cases

Most academic and historical discussions highlight at least the following presidents as having directly and personally challenged the Fed over interest rates:

• Harry Truman (conflict with Chair Thomas McCabe over keeping rates low during the Korean War, leading to the 1951 Fed–Treasury Accord).​
• Lyndon B. Johnson (clash with Chair William McChesney Martin in 1965 over rate hikes during Vietnam War and Great Society spending).​
• Richard Nixon (pressure on Chair Arthur Burns to ease policy before the 1972 election, documented in White House tapes and archival research).​
• George H. W. Bush (complaints that Chair Alan Greenspan kept rates too high and did not cut fast enough after the 1990–91 recession, though Bush was relatively restrained in public).​
• Donald Trump (sustained, public attacks on Chair Jerome Powell for raising and then not cutting rates enough, calling the Fed a threat to the economy and questioning Powell’s job

With all the talk about Jerome Powell’s tenure ending, Jerome Powell will still have the January, March and April meetings to preside over as Chairman of the Fed.

Economic Data reporting catching up but still behind.

Due to the recent government shutdown (ending November 12, 2025), many standard monthly reports (e.g., jobs, CPI, retail sales) for October and possibly November have been delayed. Agencies like the Bureau of Labor Statistics (BLS), Bureau of Economic Analysis (BEA), and Census Bureau are still finalizing revised schedules, with updates expected imminently. As of November 21, here is a calendar for Report Due dates from BLS, notes at the bottom will offer the deepest clarity since the appropriations shutdown.  https://www.bls.gov/bls/2025-lapse-revised-release-dates.htm

As for earnings reports? Next week we will see the numbers for 88 stocks. Broadcom is the only mkt cap over 1T while Adobe and oracle round out tech Autozone, Costco and Lululemon will give us a deeper look into consumer spending

What Market has been range bound and now breaking out? The longer the range trade the harder and faster the breakout becomes. Two weeks ago I said this: Watch the Nat Gas as a breakout to the upside has been looming and ready to rock. (check out today’s Chart of the Day, free trial available)

Expect continued volatility next week as the markets are sorting out the data morass.

We’ll see you next week! Please enjoy a safe and memorable weekend.

 Earnings Next Week:

·        Mon. Quiet

·        Tue. Autozone

·        Wed. Oracle, Adobe, 

·        Thu. Broadcom, LULU, Costco

·        Fri.  Quiet

FED SPEECHES: (all times CDT)

·        Mon.  Quiet 

·        Tues.  FOMC Starts

·        Wed.   Dec 10^th final rate decision of the year Followed by Chair Powell presser

·        Thu. Quiet

·        Fri.  Quiet

December Trading Challenge

Prepare to face off against fellow traders in a risk-free, simulated environment to see who comes out on top and wish CASH prizes!

Register Today! Contest Starts Sunday!

 Are you ready to showcase your trading expertise? Cannon Trading is proud to sponsor the CME Group Futures Trading Challenge, where you can compete against traders nationwide, sharpen your strategies, and win exciting prizes.

STARTS

Sunday, December 7th

5:00 p.m. CT / 22:00 UTC

ENDS

Friday, December 12th

12:00 p.m. CT / 17:00 UTC

PRIZE DETAILS

Overall Leaderboard

First Place Prize: $2,500

Second Place Prize: $1,750

Third Place Prize: $1,250

Fourth-Fifteenth Prize: $100 each

Event Information

·    All trades during the competition will be completed in the Challenge Simulator.

·    All traders will begin with a virtual account of $25,000, aiming to maximize their balance by the competition’s close.

·    Cash prizes will be awarded to the top eligible traders with the highest account balances in the Overall Leaderboard (up to 15 total prizes available, each with a cash value as set forth to the right; traders are only eligible for one prize).

Register Today! Contest Starts Sunday!

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.

Free Trial Available

January Natural Gas

January Natural Gas is accelerating through the second upside PriceCount objective and taking aim at the third count to the 5.63 area. This is consistent with a challenge of the March contract high.

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.

Brokers Trading System of the Week

Abacus NQ

Markets Traded:   Mini Nasdaq

System Type: Day Trading

Risk per Trade: varies

Trading Rules: Not Disclosed

Suggested Capital: $14,000

Developer Fee per contract: $70 Monthly Subscription

Get Started

Learn More & Detailed Results

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.

System Trades Disclosure:

System Description

“System Description” is based upon information obtained from specific system marketing documents, system developers and/or system vendors themselves. While the information is believed to be reliable, we cannot guarantee its completeness or accuracy.

Actual Monthly Performance

The table and charts represent the monthly/quarterly/annual summation of actual trades based on system-specified contract(s) executed through Striker Securities, Inc. using the referenced trading system or system vendor for the stated time period. Commissions and monthly vendor fees are deducted from the tabulation. Results are based on 1 contract. If a client trades 2 contracts his gain or loss is twice as displayed (and so on). This table is presented for information purposes only and is not a solicitation for the referenced system or vendor. The purpose of this information is for clients to compare their brokerage statements to what is displayed on Striker’s site. Striker as a matter of policy has no ownership with the referenced system or vendor or any other trading system or vendor.

Past trade history may not be indicative of future results.

The results indicated here may or may not be typical of the performance of this system and, ALTHOUGH WE BELIEVE THIS INFORMATION TO BE ACCURATE, CANNON TRADING COMPANY MAKES NO ENDORSEMENT OF THIS OR ANY SYSTEM NOR WARRANTS ITS PERFORMANCE. This is not the only trading system that Striker executes for its clients. Potential traders should carefully investigate, evaluate and compare trading systems before investing capital. Some or all trading systems may involve an inappropriate level of risk for potential traders. It is the nature of commodity trading that where there is the opportunity for profit, there is also the risk of loss.

In opening an account through CANNON TRADING COMPANY, Customer acknowledges and agrees that he/she will rely solely upon the information that CANNON TRADING COMPANYprovides to you. Thus, all prior third-party materials provided are superseded by the information and disclosures provided by CANNON TRADING COMPANY.

Important Information About this Trading System Analysis

Statistics, tables, charts and other information on trading system monthly performance are based on actual trading unless otherwise specified. Actual dollar and percentage gains/losses experienced by investors would depend on many factors not accounted for in these statistics, including, but not limited to, starting account balances, market behavior, developer fees, incidence of split fills and other variations in order execution, and the duration and extent of individual investor participation in the specified system.

While the information and statistics given are believed to be complete and accurate we cannot guarantee their completeness or accuracy as they results are key punched and subject to human error. Performance information is not the performance of a single account, but a compilation of several accounts over time, and is based on the physical trading ticket. THIS INFORMATION IS PROVIDED FOR EDUCATIONAL/ INFORMATIONAL PURPOSES ONLY AND USED BY CURRENT CLIENTS TO AUDIT THEIR STATEMENTS TO STRIKER SITE. These results are not indicative of, and have no bearing on, any individual results that may be attained by the trading system in the future.

This trading system, like any other, may involve an inappropriate level of risk for prospective investors. THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CAN BE SUBSTANTIAL AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prior to purchasing or leasing a trading system from this or any other system vendor or investing in a trading system with a registered commodity trading representative, investors need to carefully consider whether such trading is suitable for them in light of their own specific financial condition. In some cases, futures accounts are subject to substantial charges for commission, management, incentive or advisory fees. It may be necessary for accounts subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. In addition, one should carefully study the accompanying prospectus, account forms, disclosure documents and/or risk disclosure statements required by the CFTC or NFA, which are provided directly by the system vendor and/or CTA’s.

The information contained in this report is provided with the objective of “standardizing” trading systems measurements, and it is intended for educational /informational purposes only. All information is offered with the understanding that an investor considering purchasing or leasing a system must carry out his/her own research and due diligence in deciding whether to purchase or lease any trading system noted within or without this report. This report does not constitute a solicitation to purchase or invest in any trading system which may be mentioned herein. CANNON TRADING COMPANY AND STRIKER SECURITES, INC. MAKES NO ENDORSEMENT OF THIS OR ANY OTHER TRADING SYSTEM NOR WARRANTS ITS PERFORMANCE. THIS IS NOT A SOLICITATION TO PURCHASE OR SUBSCRIBE TO ANY TRADING SYSTEM.

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.

Daily Levels for Dec. 8th 2025

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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