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 |
|---|---|---|
| 06/02 Wed |
9:00 AM CDT - Pending Home Sales(Apr)
1:00 PM CDT - Auto & Truck Sales(May) |
FN: Jun Heating Oil(NYM)
Jun RBOB Gasoline(NYM) |
| 06/03 Thu |
7:15 AM CDT - ADP Employment Change(May)
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Productivity-Rev(Q1) 7:30 AM CDT - Unit Labor Costs(Q1) 9:00 AM CDT - Factory Orders(Apr) 9:00 AM CDT - ISM Services(May) 9:30 AM CDT - API & DOE Energy Stats 3:30 PM CDT - Money Supply |
LT: May Milk(CME)
May Milk Options(CME) |
| 06/04 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - Ave Workweek & Hourly Earnings(May) 7:30 AM CDT - Nonfarm Payrolls 7:30 AM CDT - Unemployment Rate(May) 9:30 AM CDT - EIA Gas Storage |
LT: Jun Canadian Dollar Options(CME)
Jun Currencies Options(CME) Jun US Dollar Index Options(ICE) Jun Live Cattle Options(CME) Jul Cocoa Options(ICE) |
| 06/07 Mon |
2:00 PM CDT - Consumer Credit(Apr)
|
FN: Jun Live Cattle(CME)
|
| 06/08 Tue |
|
|
| 06/09 Wed |
9:00 AM CDT - Wholesale Inventories(Apr)
9:30 AM CDT - API & DOE Energy Stats 1:00 PM CDT - Fed's Beige Book(Jun) |
|
| 06/10 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Trade Balance(Apr) 9:30 AM CDT - EIA Gas Storage 1:00 PM CDT - Treasury Budget(May) 3:30 PM CDT - Money Supply |
|
| 06/11 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - Retail Sales 8:55 AM CDT - Mich Sentiment(Jun) 9:00 AM CDT - Business Inventories(Apr) |
LT: Jul Cotton Options(NYM)
Jul Coffee Options(ICE) |
| 06/14 Mon |
7:30 AM CDT - NOPA Crush
|
LT: Jun Currencies(CME)
Jun US Dollar Index(ICE) Jun Lean Hogs(CME) Jun Lean Hogs Options(CME) |
| 06/15 Tue |
7:30 AM CDT - Export & Import Prices(May)
8:00 AM CDT - Net Long-Term TIC Flows(Mar) |
FN: Jun US Dollar Index(ICE)
LT: Jun Canadian Dollar(CME) Jul Sugar 11 Options(NYM) |
| FN=First Notice, OE=Option Expiration, LT=Last Trade | ||
* 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!