In This Issue
Understanding Your Trading Environment
NASDAQ 100 Index: Bull Trend Acceleration
Economic Reports and Expiration Notices
Many clients have asked me in the past what I think is the key to day-trading the e-minis (mini SP, mini Dow, Mini NASDAQ, mini Russell) successfully. While I don't think you can pinpoint one major factor and trading is a combination of many factors, ranging from capital, skills, emotional capacity, training, experience and more, I think that recognizing the type of trading day that is shaping in front of you is one of the biggest keys.
I would say you can categorize the "day-trades environment" into 3:
If we knew the answer to what day this is going to be before the market started, our chances of trading well would increase significantly, however, I have yet to find a way to predict that in advance. There are times that the first hour of trading combined with other factors can help you though. I will touch on that a bit more after explaining the types of strategies I believe are suitable for each of the trading days types mentioned above.
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| Date | Reports | Expiration & Notice Dates |
| 07/16 Thu |
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - USDA Weekly Export Sales 9:00 AM CDT - Philadelphia Fed(Jul) 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Jul Lumber(CME)
LT: Jul Cocoa(ICE) Aug Crude Oil Lt Options(NYM) |
|---|---|---|
| 07/17 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - Building Permits & Housing Starts(Jun) 2:00 PM CDT - Milk Production |
LT: Jul DJIA Options(CME)
Jul Nikkei Options(CME) Jul NASDAQ Options(CME) Jul S&P 500 Options(CME) Jul Russell Options(CME) Jul Valueline Options(CME) Jul E-Mini NASDAQ Options(CME) Jul E-Mine S&P Options(CME) Aug Orange Juice Options(ICE) |
| 07/20 Mon |
9:00 AM CDT - Leading Indicators(Jun)
|
LT: Aug Mini-Crude Oil(NYM)
|
| 07/21 Tue |
|
LT: Aug Crude Oil(NYM)
|
| 07/22 Wed |
9:35 AM CDT - API & DOE Energy Stats
|
|
| 07/23 Thu |
7:30 AM CDT - Initial Claims
7:30 AM CDT - USDA Weekly Export Sales 9:00 AM CDT - Existing Home Sales(Jun) 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Aug Crude Lt(NYM)
|
* 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!