In This Issue
2008 Labor Day Trading Schedule
Economic Reports and Expiration Notices
* All times listed in Central Daylight Time
CME Group
Floor:
12:00 close: Foreign Exchange, Interest Rate products
* All other products regular close
GLOBEX
3:15 close: Economic Event, Foreign Exchange and Interest Rate products
* All other products regular close
NYMEX/COMEX
Floor:
Regular close
NYMEX Electronic Trading and Clearport
Regular Close
ICE
Regular close
OneChicago
Regular Close
NYSE
Regular Close
CME Group
Floor:
Closed
GLOBEX
* Regular evening open (excluding: GSCI, GSCI Excess Return, TRAKRS, ETF, Weather, Live Cattle, Feeder Cattle, Lean Hogs, Pork Bellies, Cash-settled Butter, Class 3 & 4 Milk, Nonfat Dry Milk, Dry Whey, Wood Pulp, Ethanol, Corn, Soybeans, Soybean Oil, Soybean Meal, Wheat, Oats, Rough Rice, DJ AIG Excess Return, Gold & Silver, Mini Gold & Silver)
NYMEX/COMEX
Floor:
Closed
NYMEX Electronic Trading and Clearport
* Regular evening open
ICE
* Regular evening open (excluding: Soft products)
OneChicago
Closed
NYSE
Closed
CME Group
Floor:
Closed
GLOBEX
10:30 close: Equity Index products
12:00 close: Foreign Exchange, Interest Rate and Real Estate products
* Regular evening open for trading date of Tuesday, September 2 for all GLOBEX products
NYMEX/COMEX
Floor:
Closed
NYMEX Electronic Trading and Clearport
Regular close
* Regular evening open for all NYMEX electronic products
ICE
Closed: Soft products
Regular close: Financial products
* Regular evening open for all ICE products
OneChicago
Closed
NYSE
Closed
*All times listed in Central Daylight Time
The above calendar is compiled from sources believed to be reliable. Cannon Trading 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.
by MF Global Research
Research Preview
Price Perspective
Treat SPU8 as a trading affair. Month end may be creating confusion. Despite the small bounce in the housing market, labor market conditions show deterioration and credit problems continue to fester. At the same time, the Fed will drag its feet in aiding an ailing banking sector. None-the-less, the market has been slow to respond to bearish data points and may be seeing short covering at month end. SPU8 should fail at 1275 and work toward 1260. Below 1260, the door to 1247 and 1231 will open. Above 1281, the market will be in position to test 1294 to 1300. Best guess for today's range in SPU8: 1375 to 1247.
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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 |
|---|---|---|
| 08/28 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Chain Deflator-Prel(Q2) 7:30 AM CDT - GDP-Prel(Q2) 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Sep Natural Gas(NYM)
LT: Aug Feeder Cattle Options(CME) Aug Feeder Cattle(CME) |
| 08/29 Fri |
7:30 AM CDT - Personal Income & Spending(Jul)
7:30 AM CDT - Dairy Products Prices 8:45 AM CDT - Chicago PMI(Aug) 9:00 AM CDT - Mich Sentiment-Rev(Aug) 2:00 PM CDT - Agricultural Prices |
FN: Sep Corn(CBT)
Sep Wheat(CBT) Sep Oats(CBT) Sep Rough Rice(CBT) Sep Soybeans(CBT) Sep Soybean Meal(CBT) Sep Soybean Oil(CBT) Sep 2,5,& 10 Year T-Notes(CBT) Sep Copper(CMX) Sep Platinum((NYM) Sep Palladium(NYM) Sep Silver(CMX) Sep Gold(CMX) Sep US Bonds(CBT) LT: Aug Live Cattle(CME) Aug Fed Funds(CBT) Sep Heating Oil(NYM) Sep RB Gasoline(NYM) Sep Lumber Options(CME) |
| 09/01 Mon |
Labor Day Holiday
|
|
| 09/02 Tue |
9:00 AM CDT - Construction Spending(Jul)
9:00 AM CDT - ISM Index(Aug) Auto & Truck Sales(Aug) |
FN: Sep Orange Juice(ICE)
|
| 09/03 Wed |
7:15 AM CDT - ADP Employment(Aug)
9:00 AM CDT - Factory Orders(Jul) 1:00 PM CDT - Fed's Beige Book |
FN: Sep Heating Oil(NYM)
RB Gasoline(NYM) |
| 09/04 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Productivity-Rev(Q2) 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - ISM Services(Aug) 9:35 AM CDT - API & DOE Energy Stats 3:30 PM CDT - 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!