In This Issue
Free Trial to MF Global Research
Economic Reports and Expiration Notices
MF Global Research offers authoritative and timely analysis of the interest rate, agricultural, energy, currency, metals and equity markets. Our research recognizes that growing linkages between markets requires integrated evaluation of all markets. MFGR specializes in thought-provoking analysis of the dominant factors driving price discovery.
What does MF Global Research provide?
Fill out the short form below to start your free trial to MF Global Research
Cannon Trading respects your privacy and will never give this information to a 3rd party.
by Jim Wyckoff
Click the image to enlarge.
...but I don't know exactly when. And neither does anybody else! I just thought I'd have some fun with you on that headline, because those of you who know me well and have followed me for a while know that I'm not one to make bold and unrealistic predictions like some in our industry like to do to "make a splash" and get some media or marketing attention. In fact, when markets like gold or wheat or soybeans do go parabolic, like they have in recent months, the veteran trading professionals "know that they don't know" exactly when a market will top out. What they do know is that when the market does finally hit a peak and then starts to back off, at that time there will be solid technical clues produced to then suggest that a major market top is finally in place and that prices will continue to trend lower. Remember, too, that no trader should ever expect to pick specific tops and bottoms with consistent accuracy. Better is to try to catch and ride bigger trending price moves that do occur in markets--especially in recent years in the commodities. That's my job: To point out to you, my valued reader, the early clues that do suggest significant trending price moves on the horizon.
Jim has an excellent daily newsletter where he reviews different markets, alerts you for potential trades and much more. Included is his great bi-weekly newsletter with charts and a little longer term outlook. We recommend checking out his website, educational CDROM, and services at Jim Wyckoff
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 |
|---|---|---|
| 01/31 Thu |
7:30 AM CST - Personal Income & Spending(Dec)
7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 8:45 AM CST - Chicago PMI(Jan) 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
FN: Feb Gold(CMX)
Feb Silver(CMX) Feb Copper(CMX) LT: Jan Feeder Cattle Options(CME) Jan Feeder Cattle(CME) Feb Heating Oil(NYM) Feb RBOB Gasoline(NYM) |
| 02/01 Fri |
7:30 AM CST - Nonfarm Payrolls & Unemploy Rate(Jan) 7:30 AM CST - Average Workweek & Hourly Earnings(Jan) 9:00 AM CST - Construction Spending(Dec) 9:00 AM CST - ISM Index(Jan) 9:00 AM CST - Michigan Sentiment-Rev(Jan) Auto & Truck Sales |
LT: Feb Live Cattle Options(CME)
Feb Pork Belly Options(CME) |
| 02/04 Mon |
9:00 AM CST - Factory Orders(Dec)
|
FN: Feb Live Cattle(CME)
Feb Pork Bellies(CME) |
| 02/05 Tue |
9:00 AM CST - ISM Services(Jan)
|
LT: Feb Gas Oil Options(ICE)
|
| 02/06 Wed |
7:30 AM CST - Productivity-Prelim(Q4)
9:30 AM CST - API & DOE Energy Stats |
|
| 02/07 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 9:00 AM CST - Pending Home Sales(Dec) 9:30 AM CST - EIA Gas Storage 2:00 PM CST - Consumer Credit(Dec) 3:30 PM CST - Money Supply |
|
* 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!