In This Issue
1. Trader's Resource Spotlight: Delayed Futures Quotes & Charts
2. 8 Steps to Successful Futures Day Trading
3. Economic Calendar
Please take the time to explore the features of our futures quotes and charts, especially the technical corner, which is viewable by clicking the "T," and and the options feature, which includes the $ value for the different strike prices, by clicking on the letter "O." Click on "C" to view charts for the contract.
Finally, by clicking on the letter "E," you will see computer-generated indicators, including the Trend Spotter™.
My name is Ilan Levy-Mayer and I am the Vice President and Senior Broker at Cannon Trading. I came up with the following personal observations after serving online traders worldwide for more than 11 years. The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each trader is different and will relate to these stages in their own ways. While attempting to learn and progress, one must keep in mind that futures trading is risky and can involve significant losses.
Hopefully if you are already trading you have completed your initial education: contract specs, trading hours, brokers, platforms, the opportunities as well as the risk and need to use risk capital in futures, and so on. Understanding this information is essential to trading. The second type of education is ongoing: learning about trading techniques, the evolution of markets, different trading tools, and more.
I am definitely not advising you to go on the web and subscribe to a "black box" system (using buy/sell triggers if don't know why they are being generated). What I am advising is developing a trading technique: a general set of rules and a trading concept. As you progress, you may want to put the different rules and indicators into a computerized system, but the most important factor is to have a focus and a plan. Don't just wake up in the morning and trade "blank."
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Cannon Trading respects your privacy and will never give this information to a 3rd party.
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 03/25 Thu |
7:00 AM CDT - Census Crush
7:00 AM CDT - Cotton Consumption 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Mar Feeder Cattle(CME)
Mar Feeder Cattle Options(CME) Apr Copper Options(CMX) Apr Gold Options(CMX) Apr Silver Options(CMX) |
| 03/26 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - GDP & GDP Deflator Third Est(Q4) 8:55 AM CDT - Michigan Sentiment-Final(Mar) 2:00 PM CDT - Quarterly Hogs & Pigs |
LT: Mar Pork Bellies(CME)
Apr 2,3,5,10 Yr Notes Options(CBT) Apr Bonds Options(CBT) Apr Corn Options(CBT) Apr Oats Options(CBT) Apr Rough Rice Options(CBT) Apr Soybeans Options(CBT) Apr Soymeal Options(CBT) Apr Soyoil Options(CBT) Apr Wheat Options(CBT) Apr Heating Oil Options(NYM) Apr RBOB Gasoline Options(NYM) Apr Natural Gas Options(NYM) |
| 03/29 Mon |
7:30 AM CDT - Personal Income & Spending(Feb) | LT: Mar Copper(CMX)
Mar Gold(CMX) Mar Silver(CMX) Mar Platinum(CMX) Mar Palladium(CMX) Apr Natural Gas(NYM) |
| 03/30 Tue |
8:00 AM CDT - Case-Shiller 20-City Index(Jan)
9:00 AM CDT - Consumer Confidence(Mar) |
FN: Apr Natural Gas(NYM) |
| 03/31 Wed |
7:15 AM CDT - ADP Employment Change(Mar)
7:30 AM CDT - Quarterly Grain Stocks 7:30 AM CDT - Prospective Plantings 8:45 AM CDT - Chicago PMI(Mar) 9:00 AM CDT - Factory Orders(Feb) 9:30 AM CDT - API & DOE Energy Stats |
FN: Apr Copper(CMX)
Apr Gold(CMX) Apr Silver(CMX) Apr Platinum(CMX) Apr Palladium(CMX) LT: Mar 2,3,5 Yr Notes(CBT) Apr Heating Oil(NYM) Apr RBOB Gasoline(NYM) Mar Fed Funds Options(CBT) Apr Lumber Options(CME) |
| 04/01 Thu |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Construction Spending(Feb) 9:00 AM CDT - ISM Index(Mar) 9:30 AM CDT - EIA Gas Storage 1:00 PM CDT - Auto & Truck Sales(Mar) 3:30 PM CDT - Money Supply |
LT: Apr Live Cattle Options(CME)
May Cocoa Options(ICE) |
* 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!