Cannon Futures Weekly Letter Issue # 1207
In this issue:
- Important Notices – PPI, CPI, WASDE, Fed Blackout Period
- Futures 101 – Videos :Learn to Trade Around Economic Reports
- Hot Market of the Week – October Feeder Cattle
- Broker’s Trading System of the Week – British Pound Swing Trading System
- Trading Levels for Next Week
- Trading Reports for Next Week
Important Notices – Next Week Highlights:
- CPI and PPI headline next week’s market volatility
Economic Data:
Mon. Wholesale Trade and Consumer Credit
Tue. Redbook
Wed. CPI
Thu. Core PPI, Initial Jobless Claims, Fed, Govt, Monthly Budget Statement
Fri. Export Prices, Michigan Consumer Sentiment.
Fed Speakers:
FED “Blackout Period” begins tomorrow: No FOMC speakers until Chair Powell at the conclusion of the September 18th rate decision.
Agriculture:
Thu. WASDE and Prop Production
Earnings:
Mon. Oracle
Tue. Gamestop
Thu. Adobe
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Futures 101: Trading Key Economic Reports.
As a trader, you will come across many factors that you must consider before entering or exiting the markets. Some of the most important aspects to look for are economic events that can move the markets drastically one way or another.
There are many types of economic events including releases by a governing body, changes in sales or consumption of commodities, and increases in supply and demand. All of these can affect the markets you trade, making it important for you to know how and when these changes are happening.
In this “Trading Around Key Economic Reports” FREE Course you will learn:
- What is GDP?
- About the Retail Sales Report
- What is NFP ( non farm payroll) Report?
- Understanding US housing Data
- FOMC
- Understanding Oil Data Report
- Importance of Consumer Confidence Survey
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- Hot Market of the Week – October Feeders
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.
October Feeder Cattle
October Feeder Cattle completed its first downside PriceCount objective last month and corrected. IF the chart can resume its break into new sustained lows, the second count would project a possible slide to the 223.94 area.
PriceCounts – Not about where we’ve been, but where we might be going next!
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.
CONES BRITISH YM LUDOVIC
PRODUCT
BP – British Pound
SYSTEM TYPE
Swing
Recommended Cannon Trading Starting Capital
$12,000
COST
USD 90 / monthly
Daily Levels for September 9th 2024
Trading Reports for Next Week
Improve Your Trading Skills
Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.
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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.