In This Issue
Special Feature: Day Trading S&P Futures
The Oil Prices, Gas Prices, and Gold Prices Widget
Economic Reports and Expiration Notices
by Linda Bradford Raschke
Linda Bradford Raschke is a well known trader and publisher. The following article was written a few years ago but includes some great timeless tips and examples.
The S&P market is a trading arena unto itself, which can accommodate many different trading styles. Not only does this market display a different daily profile than the other futures markets, but it has a much longer "length of line" (intraday swings), which offers more trading opportunities. Additionally, there is a wealth of information provided by many internal indicators on the equities market that some professionals like to monitor. In this article, I would like to share some observations, pointers, and favorite trading patterns. However, let me also say that the majority of the professional S&P day traders I know tend to specialize in just one pattern or trade just one style. This is definitely a market where overtrading can be a temptation.
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The rest of the article covers swing trading concepts, time-of-day tips, divergences, exits, trend days, and how to limit losses.
Cannon Trading respects your privacy and will never give this information to a 3rd party.
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E-Futures International
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The Cannon Trading oil, gas, and gold price widget displays live prices for crude oil, RBOB natural gas, and gold, as well as the current national average price of gas at the pump and the London PM Gold Fix.
Either click "get & share" on the widget above or copy and paste the code below and add it to your website:
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 12/18 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Leading Indicators(Nov) 9:00 AM CDT - Philadelphia Fed(Dec) 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Dec Valueline(KCBT)
Dec NASDAQ 100(CME) Dec S&P 500(CME) Dec DJIA(CBT) Dec Russell 2000(CME) Dec Coffee(ICE) Dec NYSE Index Dec S&P 500 Options(CME) Dec NASDAQ 100 Options(CME) Dec Russell 2000 Options(CME) Dec Valueline Options(KCBT) Dec DJIA Options(CBT) |
| 12/19 Fri |
7:30 AM CDT - Dairy Products Prices
2:00 PM CDT - Cattle On Feed |
LT: Dec 10 Year T-Notes(CBT)
Dec E-mini S&P 500(CME) Dec E-mini Nasdaq 100(CME) Dec E-mini Russell 2000(CME) Jan Crude Oil(NYM) Dec E-mini S&P 500 Options(CME) Dec E-mini Nasdaq 100 Options(CME) Dec E-mini Russell 2000 Options(CME) Jan Orange Juice Options(ICE) |
| 12/22 Mon |
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| 12/23 Tue |
7:30 AM CDT - Chain Deflator-Final(Q3)
7:30 AM CDT - GDP-Final(Q3) 9:00 AM CDT - Existing Home Sales(Nov) 9:00 AM CDT - Mich Sentiment-Rev(Dec) 9:00 AM CDT - New Home Sales(Nov) |
FN: Jan Crude Oil(NYM)
LT: Jan Silver Options(CMX) Jan Gold Options(CMX) Jan Copper Options(CMX) |
| 12/24 Wed |
7:30 AM CDT - Durable Orders(Nov)
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Personal Income & Spending(Nov) 9:35 AM CST - API & DOE Energy Stats |
LT: Jan Heating Oil Options(NYM)
Jan Natural Gas Options(NYM) Jan RB Gasoline Options(NYM) |
| 12/25 Thu |
Christmas Day Holiday
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| 12/26 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - Livestock Slaughter 7:30 AM CDT - USDA Weekly Export Sales 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Jan Oats Options(CBT)
Jan Rough Rice Options(CBT) Jan Corn Options(CBT) Jan Soybeans Options(CBT) Jan Wheat Options(CBT) Jan US Bonds Options(CBT) |
* 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!