{"id":17364,"date":"2021-12-10T13:23:14","date_gmt":"2021-12-10T21:23:14","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17364"},"modified":"2021-12-10T13:23:14","modified_gmt":"2021-12-10T21:23:14","slug":"weekly-newsletter-1078-rollover-notice-and-trading-tips-during-rollover-support-and-resistance-levels-for-the-week-ahead","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-1078-rollover-notice-and-trading-tips-during-rollover-support-and-resistance-levels-for-the-week-ahead\/","title":{"rendered":"Weekly Newsletter 1078: Rollover Notice and Trading Tips During Rollover &#038; Support and Resistance Levels for the Week Ahead"},"content":{"rendered":"<h1 style=\"text-align: center;\"><strong>Cannon Futures Weekly Letter Issue # 1078<\/strong><\/h1>\n<p>Dear Traders,<\/p>\n<div align=\"left\">\n<div align=\"center\">\n<div align=\"center\">Like us on FaceBook!<\/div>\n<div align=\"center\"><a href=\"http:\/\/www.facebook.com\/CannonTrading\" target=\"_blank\" rel=\"noopener noreferrer\" shape=\"rect\">www.facebook.com\/CannonTrading<\/a><\/div>\n<\/div>\n<\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<div align=\"center\">\n<div align=\"center\">Get Real Time updates and\u00a0<a href=\"https:\/\/twitter.com\/CannonTrading\" target=\"_blank\" rel=\"noopener noreferrer\">market alerts on Twitter!<\/a><\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<div align=\"center\">\n<h1>Trading 201:\u00a0Trading During Rollover<\/h1>\n<div align=\"center\"><\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/rollover-notice-for-us-stock-index-futures-currencies-financials-march-contract-2022\/\">Rollover Notice<\/a> for U.S. Stock Index, Currency and Financial Futures<\/div>\n<div><\/div>\n<div>Heads up traders!\u00a0We\u2019re approaching important dates on the trading calendar.<\/div>\n<div><\/div>\n<div>Monday,\u00a0December 13th\u00a0is Last Trading Day for December currency futures.\u00a0It is of the utmost importance for currency traders to exit all December futures contracts and start trading the next quarterly futures contract and the new front month: March \u201922.\u00a0<a href=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trade-forex-currency-futures\/\">Currency futures<\/a> are DELIVERABLE contracts.\u00a0By holding any December futures contracts through the close of Last Trading Day, you will be subject to delivering (short positions) or taking delivery of (long positions) the full notional value of the futures contract.<\/div>\n<div><\/div>\n<div>For <a href=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/online-trading-blog\/index-futures\/\">stock index futures<\/a> traders, on\u00a0Friday,\u00a0Dec.\u00a017th, the Dec. \u201921 futures contracts will officially halt trading and the exchange will cash settle all open positions at 8:30 A.M., Central Time.\u00a0\u00a0Thursday,\u00a0December 9th\u00a0marked the traditional date traders started rolling Dec. stock index futures trades to the next quarterly futures contract and the new front month: also March \u201922.\u00a0Come forward to the new front month for the next \u00b190 days.<\/div>\n<div><\/div>\n<div>Finally, for financial futures traders (Ultra bonds,<a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/financials\/30-Day-Federal-Funds-Futures\"> 30-yr. T-bonds<\/a>, <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/financials\/5-Year-Treasury-Note-Futures\">2-, 5-, 10-yr. T-notes<\/a>, etc.) the traditional roll-over day was\u00a0Nov.\u00a030th\/First Notice Day (the date all open LONG positions became subject to delivery).\u00a0The next front month \u2013 and now by far the more liquid \u2013 is also March \u201922.\u00a0For all longs and shorts not in the deliverables market, it\u2019s time to trade March \u201922 contracts.<\/div>\n<div><\/div>\n<div>The March exchange symbol for all these futures contracts is \u201cH.\u201d\u00a0Check for the appropriate complete symbol for these new front month futures contracts on your trading\/charting software.\u00a0Make sure your quotes, charts, DOM\u2019s are set to the correct futures contract month.<\/div>\n<div><\/div>\n<div><\/div>\n<div>\u00a0Keep in mind the following:<\/div>\n<ul>\n<li>Currencies are DELIVERABLE and you must be out and trading March as of today, Friday Dec. 10th<\/li>\n<li>Stock index futures are cash settled on Friday Dec. 17th at 9:30 AM Eastern Time.<\/li>\n<li>During the rollover period, especially with stock index futures, I noticed that the first few days will have two sided, volatile action. Think about it, you have large traders and institutions who are NOT day traders and carry large positions as speculation or a hedge and now they need to rollover from Dec. to March.<\/li>\n<li>In my opinion, counter trend methods, mean reversion techniques can work better during rollover period but one must be very aware as past performance is not indicative of futures results.<\/li>\n<li>Keep in mind, back in the days, many floor traders would &#8220;trade the spread&#8221; specifically with different techniques. I believe some traders still do using the screen.<\/li>\n<li>Bottom line is know that this is rollover period, do research on past rollover periods, start trading the March contract and good trading and happy holidays!<\/li>\n<\/ul>\n<\/div>\n<div align=\"center\">\n<div align=\"center\">\n<div align=\"center\"><\/div>\n<\/div>\n<\/div>\n<div align=\"center\">\n<div align=\"center\">\n<div align=\"center\">\n<div>\n<div><a href=\"https:\/\/www.cannontrading.com\/services\/FreeVideos\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/6541ee95-dd57-4414-bd0f-3a1de7e5be19.gif\" alt=\"\" title=\"\"><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<h3 style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><strong>Good Trading<\/strong><\/h3>\n<p style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\">Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 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 when it comes to Futures Trading.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Futures Trading Levels<\/strong><\/h3>\n<p>12.13.2021<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/4acff6d2-2c14-41e9-9f2e-8b167e8ed4de.png\" alt=\"Support &amp; Resistance Levels 12.13.2021\" width=\"692\" height=\"630\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<h2>Weekly Levels<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/139b47d4-1b1b-46a7-9ad4-621d442667bf.png\" alt=\"Weekly Support &amp; Resistance Levels\" width=\"693\" height=\"390\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<h3>Reports, First Notice (FN), Last trading (LT) Days for the Week:<\/h3>\n<p><a href=\"https:\/\/mrci.com\" target=\"_blank\" rel=\"noopener\">https:\/\/mrci.com<\/a><\/p>\n<div class=\"pagearrange__layout-row full\" data-row=\"1\">\n<div class=\"pagearrange__layout-column pagearrange__layout-column--full full\" data-column=\"0\">\n<div class=\"pagearrange__layout-cell\" data-cell=\"0\" data-compid=\"Calendar_Copy1\">\n<div class=\"flexShell\">Date Reports\/Expiration Notice Dates<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/9ed97a66-5ab4-4edc-aa1d-9fced0e1bfd0.png\" alt=\"\" title=\"\"><\/p>\n<p>This is not a solicitation of any order to buy or sell, but a current market view provided by <a href=\"https:\/\/www.cannontrading.com\/company\/about\">Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cannon Futures Weekly Letter Issue # 1078 Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! &nbsp; Trading 201:\u00a0Trading During Rollover Rollover Notice for U.S. Stock Index, Currency and Financial Futures Heads up traders!\u00a0We\u2019re approaching important dates on the trading calendar. Monday,\u00a0December 13th\u00a0is Last Trading Day for December currency [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1379,239,235],"tags":[406,375,523,529,405,637,792,750,404,1051],"class_list":["post-17364","post","type-post","status-publish","format-standard","hentry","category-weekly-newsletter","category-financial-futures","category-index-futures","tag-contracts-rollover","tag-equity-rollover-notice","tag-futures-rollover-dates","tag-futures-trading-rollover","tag-march-contracts-rollover","tag-rollover-day","tag-rollover-emini-futures-trading","tag-rollover-for-index-futures","tag-rollover-notice","tag-rollover-notice-for-stock-index-futures"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=17364"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17364\/revisions"}],"predecessor-version":[{"id":17365,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17364\/revisions\/17365"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}