Cannon Futures Weekly Letter

In Today’s Issue #1278

• The Week Ahead – Core PCE, Earnings, Pres. Day Schedule

• Futures 101 – Trading Signals AVAILABLE on TradingView!

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

• Hot Market of the Week – March KC- Chicago Wheat Spread

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

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

What Futures Traders Should Watch This Week

By John Thorpe, Senior Broker

We may come in Monday with a partial government shutdown for the third time in 5 months.

By the way, Presidents Day Monday the financial markets will only be open for a portion of the day and the Ag markets will be closed. Please see the schedule below for trading hours.

Highlights next week will include FOMC minutes, 7 fed speakers, and 4298 earnings reports (significant earnings listed below as well)

DHS runs out of money Friday night, the 13^th of Feb.

This time around, FEMA, TSA, ICE, CPB the Coast Guard will not be funded as all agencies are part and parcel of the Department of Homeland Security. The same faction that wanted to defund the police want to defund ICE .Probabilities increased for a stalemate as of this writing, Senators are leaving D.C. for the holiday weekend per U.S. News.

What will air travel in the U.S. Look like without paid TSA employees? What will National Security look like without paid CPB or ICE agents. Secret Service employees also fall under DHS. How will the markets react?

It certainly looks like we’ll be seeing quite a bit of action in the markets next week shutdown or not. We have quite a few economic data points in addition to Energy numbers, for the Natural Gas and Crude markets released the same day, Thursday, rather than Wed. and Thursday.

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

 Earnings Next Week:

·        Mon. Presidents Day Holiday

·        Tue. Palo Alto Networks, Cadence Design Systems, Republic Services, Vulcan Materials (construction)

·        Wed. Booking Holdings, Analog Devices, DoorDash, Moody’s, Occidental Petrol

·        Thu.  Walmart, Newmont Mining, Deere and Co., Constellation Energy,

·        Fri. Warner Brothers.

FED SPEECHES: (all times CST)

·        Mon.  Bowman, 7:25 am

·        Tues.  Barr, 11:45 am

·        Wed. Bowman 12 noon

·        Thu. Bostic 7:20 am, Bowman 7:30 am, Kashkari 8:00 am

·        Fri.  Jefferson 11:00 am

Econ Data: (all times CST)

·        Mon. Presidents Day Holiday

·        Tue. NY Empire MFG Index.,Redbook YoY, NAHB Hsg Mkt Index,

·        Wed. ADP emp. Change, Bldg Permits, Housing Starts Durable Goods, Ind. Prod, FED MINUTES

·        Thu. Jobless claims, Nat Gas Stocks, and Crude Stocks, Philly Fed, Pending Home Sales

·        Fri. Core PCE, GDP, Consumer Sentiment, New Home Sales Baker Hughes Rig count

President’s Day (Mon, Feb 16th) Holiday Trading Schedule:

Interest Rates

Sunday – 5:00 PM CT Open

Monday – 12:00 PM CT Halt

5:00 PM CT Re-Open

Energy

Sunday – 5:00 PM CT Open

Monday – 1:30 PM CT Halt

5:00 PM CT Re-Open

Equities

Sunday – 5:00 PM CT Open

Monday – 12:00 PM CT Halt

5:00 PM CT Re-Open

Grains

Sunday – Closed

Monday – Closed

5:00 PM CT Re-Open

FX

Sunday – 5:00 PM CT Open

Monday – 4:00 PM CT Close

5:00 PM CT Re-Open

Metals

Sunday – 5:00 PM CT Open

Monday – 1.30 PM CT Halt

5:00 PM CT Re-Open

Livestock

Monday – Closed

Tuesday 8:30 AM CT Re-Open

Cryptocurrencies

Sunday – 5:00 PM CT Open

Monday – 4:00 PM CT Close

5:00 PM CT Re-Open

Sugar, Coffee, Cotton, Cocoa, FCOJ

Monday – Closed

Tuesday – Regular Hours

Canola

Monday – Closed

Tuesday – Regular Hours

U.S. Dollar Index

Monday – Regular Hours

Plug in Trading Signals on TradingView!

We are excited to offer our exclusive TradingView indicators and algos to you with a special 3-week free trial—no credit card required. Experience the power of our private, invite-only tools designed to enhance your trading decisions and performance. Don’t miss this limited-time opportunity to try them risk-free and see the difference for yourself. Sign up today to get started!

Introducing Cannon Edge — Your Daily Futures Snapshot

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.

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

March KC – Chicago Wheat Spread

The March KC – Chicago wheat spread extended its slide to a new low and satisfied the first downside PriceCount objective. It would be normal for the chart to react from this level in the form of a near term consolidation or corrective trade. If we can sustain further weakness, the second count would project a possible break to the -9 area. A trade below the December reactionary low would formally negate the remaining unmet upside counts.

 Learn more spreads and seasonal patterns in commodity futures 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 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 Raider Xtreme Trading System

System Description

Market Sector: Stock Indexes

Markets Traded:  NQ ,

System Type: Day Trading

Suggested Capital: $9,500

Developer Fee per contract: $175.00 Monthly Subscription

System Description:

A day trading system currently traded by the developer who has 15+ years’ experience. It is based on the successful Abacus Raider NQ system but expanded significantly to generate an average of 15-25 trades a month. By utilizing negative correlations between positions, a low level of capital requirement is retained but with greatly increased profit potential over time. All trades are strictly limited to a duration of only a few minutes to minimize risk and provide an unparalleled risk/reward profile. The system is available in the NQ market only (no MNQ).

Get Started

Learn More

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 Feb. 16-17th 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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