The Week Ahead in Futures Trading + Trading Levels for Nov. 18th

Cannon Futures Weekly Letter Issue # 1217

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s and p 500 futures contract

In this issue:

 

  •  Important Notices – Earnings, Fed Speeches, Econ Data NEW Trading Platform
  • Futures 102 – Trading Future Spreads
  • Hot Market of the Week – March Coffee
  • Broker’s Trading System of the Week – Mini SP Swing Trade System
  • Trading Levels for Next Week
  • Trading Reports for Next Week
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Important Notices – Next Week Highlights:

 

The Week Ahead

By John Thorpe, Senior Broker

185 corporate earnings reports and a few Economic data releases. To wit, Equity Market volatility as measured by VIX is still under 20, but up 2 full points from 14.5 to nearly 17 during today’s equity sell off.

 

 

Prominent Earnings this Week:

  • Mon. quiet
  • Tue. Walmart, Lowes
  • Wed. Nvidia after the close, TJ Max, Palo Alto Networks
  • Thu.  Intuit after the close

 

 

FED SPEECHES:

  • Mon. Goolsbee, 9 am CST
  • Tue. quiet
  • Wed. quiet
  • Thu. Goolsbee 11:25 CST, Hammack 11:30 CST
  • Fri. quiet

 

Economic Data week:

  • Mon. NAHB Housing MKT Data
  • Tues. Bldg Permits, Housing Starts, RedBook
  • Wed. Quiet
  • Thur. Jobless Claims, Philly Fed, Conference Board(CB) Leading Economic Index
  • Fri. S&P PMI Flash, Michigan Consumer Sentiment Final,
  • New and improved trading platform is coming soon to our clients ( and prospects) who are using the E-Futures Int’l platform! If you like to try out a demo and find out more information, please click here.

Futures 101: Future Spreads

Spread Trading?

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Trading Commodity Seasonal Patterns

When we talk about seasonal patterns in futures, we’re referring to certain conditions and events that repeat annually. Perhaps the most obvious of these is the annual cycle of weather from warm to cold and back to warm. However, the calendar also marks the annual passing of important events, such as the due date for U.S. income taxes every April 15th. Enormous supplies of grain at harvest dwindle throughout the year. Demand for heating oil typically rises as cold weather approaches but subsides as inventory is filled. Monetary liquidity may decline as taxes are paid but rise as the Federal Reserve recirculates funds. Such annual events create yearly cycles in supply and demand.

FINISH READING

Trading Contest – Trade Against the Pro!

 

 

Challenge Details

Test-drive strategies with our range of futures, including standard- and Micro-sized contracts across Cryptocurrency, Equities, FX, Agriculture, Metals, Energy and Interest Rates. Gain valuable experience in a simulated, risk-free environment while trading against peers and industry professional Scott Bauer.

 

GET STARTED!

 

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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.

    FREE TRIAL AVAILABLE

    December Coffee

     

    The well-aged rally in December coffee is approaching its low percentage fourth upside PriceCount objective to the $299 area. Completing that objective should be enough to satisfy this phase of the bull market.

     

    PriceCounts – Not about where we’ve been , but where we might be going next!

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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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   Broker’s Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.

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PRODUCT

ES – Mini SP

 

SYSTEM TYPE

Swing Trading

 

Recommended Cannon Trading Starting Capital

$40,000

 

COST

USD 55 / monthly

 

Get Started

 

Learn More

 

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The performance shown above is hypothetical in that the chart represents 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 back adjusted data. Please read full disclaimer HERE.
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  • Trading Levels for Next Week

Daily Levels for November 18th

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Would you like to receive daily support & resistance levels?
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Weekly Levels
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  • Trading Reports for Next Week
First Notice (FN), Last trading (LT) Days for the Week:
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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.
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Cannon Trading Company
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Los Angeles, CA 90025
(800) 454-9572
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