In This Issue
Sharpening Your Trading Skills: Tools the Winners Use
Economic Reports and Expiration Notices
Download this complimentary guide that includes several trading articles covering trading indicators, risk management, seasonality in different markets, different trade set ups and much more!
Why Successful Traders Use Fibonacci and the Golden Ratio
Support and resistance levels on bar charts are a major component in the study of technical analysis. Many traders, including myself, use support and resistance levels to identify entry and exit points when trading markets. When determining support and resistance levels on charts, one should not overlook the key Fibonacci percentage "retracement" levels. I will detail specific Fibonacci percentages in this feature, but first I think it's important to examine how those numbers were derived, and by whom.
Sign in below and download the rest of the article for free
Cannon Trading respects your privacy and will never give this information to a 3rd party.
Click the image below to view today's report (December 5th, 2007):
Review our Online Tutorials or attend a "Live Market" coaching session to learn to how the Price Map can improve your bottom line!
Contact JS Services to see how our research can improve your bottom line!
Sign up for your FREE Price Map Trial today!
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 |
|---|---|---|
| 12/06 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: Dec Cotton(ICE)
|
| 12/07 Fri |
7:30 AM CST - Nonfarm Payrolls & Unemploy Rate(Nov) 7:30 AM CST - Hourly Earnings & Ave Workweek(Nov) 9:00 AM CST - Michigan Sentiment-Prelim(Dec) 2:00 PM CST - Consumer Credit(Oct) 2:00 PM CST - Dairy Products Prices |
LT: Dec US Dollar Index Options(ICE)
Dec Live Cattle Options(CME) Dec Canadian Dollar Options(CME) Dec Currency Options(CME) |
| 12/10 Mon |
9:00 AM CST - Pending Home Sales(Oct)
|
|
| 12/11 Tue |
7:30 AM CST - WASDE Report 7:30 AM CST - Supply & Demand Report 9:00 AM CST - Wholesale Inventories(Oct) 1:15 PM CST - FOMC Policy Statement Cotton Ginnings |
|
| 12/12 Wed |
7:30 AM CST - Export & Import Prices(Nov)
7:30 AM CST - Trade Balance(Oct) 9:30 AM CST - API & DOE Energy Stats 1:00 PM CST - Treasury Budget(Nov) |
|
| 12/13 Thu |
7:30 AM CST - PPI & Core PPI(Nov) 7:30 AM CST - Retail Sales(Nov) 7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 9:00 PM CST - Business Inventories(Oct) 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
LT: Dec Cocoa(ICE)
Dec Nikkei 225(CME) Dec Nikkei 225 Options(CME) Jan Crude Oil Options(NYM) FN: Dec Live Cattle(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!