In This Issue

Holiday Alert: Memorial Day Trading Schedule

50 Important Rules Often Violated by Futures Traders

Economic Reports and Expiration Notices

May 23rd, 2007 — Issue #380

Holiday Alert: Memorial Day Trading Schedule

*All times listed in Central Daylight Time

Friday, May 25

CBOT
Floor:
12:00 close: Financial contracts
Regular close: Equity, agricultural, and metals contracts

eCBOT
1:00 close: Financial contracts
Regular close: Equity, agricultural, metals, and DOW-AIG contracts

CME Floor:
12:00 close: Foreign exchange, interest rate, commodity, and GSCI contracts
12:02 close: Commodity options
Regular close: Equity contracts

GLOBEX
12:00 close: Commodity, GSCI, and weather contracts
3:15 close: Foreign exchange and interest rate contracts
Regular close: Equity, NYMEX/COMEX, and housing contracts

Nymex/Comex
Floor:
Regular close

CME Globex and Clearport
Regular close

NYBOT
12:00 close: Financial contracts
Regular close: Agricultural contracts

OneChicago
Regular close

NYSE
Regular close

Sunday, May 27

CBOT
Floor:
Closed

eCBOT
Closed

CME
Floor:
Closed

GLOBEX
Regular evening opening

Nymex/Comex
Floor:
Closed

CME Globex and Clearport
Regular evening opening

NYBOT
Closed

OneChicago
Closed

NYSE
Closed

Monday, May 28

CBOT
Floor:
Closed

eCBOT
Closed. Regular evening opening

CME
Floor:
Closed

GLOBEX
10:30 AM close: Equity contracts
12:00 PM close: Foreign exchange, interest rates, CPI, and housing contracts
Evening opening at 5:00 PM

NYMEX/COMEX
Floor:
Closed

CME Globex and Clearport
Regular close

NYBOT
Closed

OneChicago
Closed

NYSE
Closed

*All times listed in Central Daylight Time

The above calendar is compiled from sources believed to be reliable. PFG, Inc. assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.

50 Important Rules Often Violated by Futures Traders

This publication is the property of National Futures Association

A review of 50 very basic, often violated rules for trading futures

A survey of more than 500 experienced futures brokers asked what, in their experience, caused most futures traders to lose money. These account executives represent the trading experience of more than 10,000 futures traders. In addition, most of these Account Executives (AEs) have also traded or are cur rently trading for themselves. Their answers are not summarized because different traders make (and lose) money for different reasons. Perhaps you may recognize some of your strengths and weaknesses. Yet many of the reasons given are very similar from broker to broker. The repetitions stand to demonstrate that alas, many futures traders lose money for many of the same reasons. Perhaps these statements from experienced brokers can make a contribution to you, and make this sometimes fickle, often intricate, always interesting market place of futures trading possible.

Here is what they said:

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Economic Reports and Expiration Notices

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
05/24
Thu		 7:30 AM CDT - Durable Orders(Apr)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:00 AM CDT - New Home Sales(Apr)
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply 		FN: Jun Crude Oil(NYM)
LT: May Feeder Cattle Options(CME)
June Copper Options(CME)
June Gold Options(CME)
June Silver Options(CME)
05/25
Fri		 9:00 AM CDT - Existing Home Sales(Apr)
2:00 PM CDT - Dairy Products Prices
2:00 PM CDT - Livestock Slaughter
  		LT: Jun Wheat Options(CBT)
Jun Corn Options(CBT)
Jun Oat Options(CBT)
Jun Heating Oil Options(NYM)
Jun Natural Gas Options(NYM)
Jun Unleaded Gas Options(NYM)
Jun Rough Rice Options(CBT)
Jun Soybean Options(CBT)
Jun 30 Yr Bonds(CBT)
May Frozen Pork Bellies(CME)
05/28
Mon		 Memorial Day Holiday
 
 
 
 
 
 
05/29
Tue		 9:00 AM CDT - Consumer Confidence(May)
 
 
  		FN: Jun Natural Gas(NYM)
LT: May Gold(CMX)
May Silver(CMX)
May Copper(CMX)
May Platinum(NYM)
May Palladium(NYM)
Jun Natural Gas(NYM)
05/30
Wed		 9:30 AM CDT - API & DOE Energy Stats
1:00 PM CDT - FOMC Minutes(May 9)
 
  		FN: Jun 30 Yr US Bonds(CBT)
 
 
 
05/31
Thu		 7:30 AM CDT - GDP-Prelim(Q1)
7:30 AM CDT - Chain Deflator-Prelim(Q1)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
8:45 AM CDT - Chicago PMI(May)
9:00 AM CDT - Construction Spending(Apr)
9:00 AM CDT - Help-Wanted Index(Apr)
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply 		FN: Jun US 10,5,2 Yr T-Notes(CBT)
Jun Gold(CMX)
Jun Silver(CMX)
Jun Copper(CMX)
Jun Platinum(NYM)
Jun Palladium(NYM)
LT: May Fed Funds(CBT)
May Feeder Cattle(CME)
Jun Heating Oil(NYM)
Jun Unleaded Gas(NYM)
Jun Lumber Options(CME)

* 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!