In This Issue
Economic 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, June. 7th, is rollover day. It is recommended that all new positions be placed in the September 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 June 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 June 8th. 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 June 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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Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 06/07 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Wholesale Inventories(Apr) 9:30 AM CDT - EIA Gas Storage 2:00 PM CDT - Consumer Credit(Apr) 3:30 PM CDT - Money Supply |
FN: Jun Live Cattle(CME)
LT: Jun Nikkei 225(CME) Jun Nikkei 225 Options(CME) |
| 06/08 Fri |
7:30 AM CDT - Trade Balance(Apr)
2:00 PM CDT - Dairy Products Prices |
LT: Jun CRB Index(NYBOT)
Jun CRB Index Options(NYFE) Jun US Dollar Index(NYBOT) Jun Canadian Dollar(CME) Jun Currencies(CME) Jul Coffee(NYBOT) Jul Sugar(NYBOT) |
| 06/11 Mon |
7:30 AM CDT - Crop Production & WASDE Report 7:30 AM CDT - Supply & Demand |
|
| 06/12 Tue |
1:00 PM CDT - Treasury Budget(May)
|
|
| 06/13 Wed |
7:30 AM CDT - Export & Import Prices(May)
7:30 AM CDT - Retail Sales(May) 9:00 AM CDT - Business Inventories(Apr) 9:30 AM CDT - API & DOE Energy Stats 1:00 PM CDT - Fed's Beige Book |
|
| 06/14 Thu |
7:30 AM CDT - NOPA Crush
7:30 AM CDT - PPI & Core PPI(May) 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Jun Value Line(KCBT)
Jun S&P 500(CME) Jun Lean Hogs(CME) Jun Nasdaq 100(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!