In This Issue
Reports and Expiration Notices
For those of you trading the E-Mini S&P futures, the “Big” S&P 500 futures or any Stock Index contract, it is extremely important to remember that Thursday, March 8th, is rollover day. It is recommended that all new positions be placed in the June 2007 contract as of Thursday's trade date. GLOBEX will not roll over until Thursday morning at 8:30 A.M. Central Time, despite the fact that the trade date changes at Wednesday afternoon's opening.
Further, please be aware that the executing brokers in the MARCH contract of the "Big" S&P 500 and NASDAQ 100 will not be "held" on ANY order, and that they will not take Cancel and Replace orders at all beginning Friday March 9th. Also, please be aware of liquidity issues in the 2nd step E-Mini S&P and E-Mini NASDAQ. Expect sharply decreased liquidity on the MARCH contract beginning Thursday morning. Carefully consider whether you wish to place Market or Stop orders after that time.
Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.
NOTE: E-MINI rollover actually occurs at 8:30 A.M. Central Time, Thursday, but orders placed Wednesday afternoon and evening after 3:30 P.M. Central Time (before rollover) will work through Thursday's close (after rollover). Please consider carefully how you place Stop or Market orders in these contracts.
Feel free to call (800 - 454 - 9572) let us know if we can provide any further clarification, information or be of any additional assistance.
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Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein 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 judgment in trading!
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 03/08 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
LT: Mar Cotton(NYBOT)
Mar Nikkei 225(CME) Mar Nikkei 225 Options(CME) |
| 03/09 Fri |
7:30 AM CST - Nonfarm Payrolls & Unemploy Rate(Jan) 7:30 AM CST - Ave Workweek & Hourly Earnings(Jan) 7:30 AM CST - Crop Production & WASDE 7:30 AM CST - Supply & Demand 7:30 AM CST - Trade Balance(Jan) 9:00 AM CST - Wholesale Inventories(Jan) |
LT: Mar CRB Index(NYBOT)
Mar US Dollar Index Options(NYBOT) Mar CRB Index Options(NYBOT) Mar Canadian Dollar Options(CME) Mar Currency Options(CME) Apr Sugar Options(NYBOT) Apr Coffee Options(NYBOT) |
| 03/12 Mon |
1:00 PM CDT - Treasury Budget(Feb)
|
LT: Mar Orange Juice(NYBOT)
|
| 03/13 Tue |
7:30 AM CDT - Retail Sales(Feb)
9:00 AM CDT - Business Inventories(Jan) |
|
| 03/14 Wed |
7:30 AM CDT - Current Account(Q4)
7:30 AM CDT - Export & Import Prices(Feb) 7:30 AM CDT - NOPA Crush 9:30 AM CDT - API & DOE Energy Stats |
LT: Mar Wheat(CBT)
Mar Corn(CBT) Mar Oats(CBT) Mar Soybeans(CBT) Mar Soybean Oil & Meal(CBT) |
| 03/15 Thu |
7:30 AM CDT - PPI & Core PPI(Feb) 7:30 AM CDT - NY Empire State Index(Mar) 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 8:00 AM CDT - Net Foreign Purchases(Jan) 9:30 AM CDT - EIA Gas Storage 11:00 AM CDT - Philadelphia Fed(Mar) 3:30 PM CDT - Money Supply |
LT: Mar Value Line(KCBT)
Mar Value Line Options(KCBT) Mar Cocoa(NYBOT) Mar S&P 500(CME) Mar S&P 500 Options(CME) Mar Lumber(CME) Mar Nasdaq 100(CME) Mar Nasdaq 100 Options(CME) Mar GSCI(CME) Mar DJIA(CBT) Mar DJIA Options(CBT) Apr Crude Oil Options(NYM) |
* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.
** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
*** 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 herein 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 judgment in trading!