In This Issue
CME Group® - Christmas Holiday Schedule
Hot Market Report – Canadian Dollar
Broker Battle - We Need Your Vote
Economic Calendar
CME Group (Floor)
12:00 pm Close: Foreign Exchange and Interest Rate products
*All other products regular close
NYMEX (Floor)
Regular Close
GLOBEX
Regular Close
ICE
Regular Close
EUREX
Regular Close
OneChicago
Regular Close
NYSE
Regular Close
Forex
Regular Close
CME Group (Floor)
Closed
NYMEX (Floor)
Closed
GLOBEX
Closed
ICE
Closed
EUREX
Closed
OneChicago
Closed
NYSE
Closed
Forex
Regular Close
CME Group (Floor)
Closed
NYMEX (Floor)
Closed
GLOBEX
Regular Evening Open
ICE
Regular Evening Open
EUREX
Regular Evening Open
OneChicago
Closed
NYSE
Closed
Forex
Regular Evening Open
*All times listed in Central 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.
If you have any questions please contact customer service.
For more information, see the CME's Christmas Holiday Trading Schedule
by JS Services
MAR '11 Canadian Dollar ** NEUTRAL CORRECTION **
- Technically the MKT has produced a positive signal against a negative trend. On the SELL side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the negative momentum is going to resume. UP REVERSAL strategies are recommended over a FADE, which should have at least 1 if not 2 challenges to its integrity before executing a short sale against it. A better approach to a straight DP BREAKOUT strategy is to FADE a positive "squeeze" reaction after a negative breakdown signal against the DIR.
- On the BUY side avoid DIR and DP FADE strategies until after the previous session high point or major resistance has been taken out to confirm a break in momentum. Until then, a better opportunity will be a DP REVERSAL strategy. UP BUY BREAKOUT strategies can be profitable but they are aggressive and should look to take profits and potentially REVERSE short at resistance targets.
Daily | High | Low | Close | Change | Trend | MIN - DOWN | 9848 |
CAAH1 | 9833 | 9766 | 9799 |
|
| INT - NEU | |
CAAM1 | 9805 | 9754 | 9775 |
|
| MAJ - NEU | 9690 |
Click the image to enlarge
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!
By: Trader Planet
Whether you're an existing costumer or know someone that has used us in the past for their futures trading needs, the time is now to place your vote for Cannon Trading Company, Inc. as your favorite futures trading brokerage in the TraderPlanet.com "Brokers Battle."
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 12/22 Wed |
6:00 AM CST - MBA Mortgage Applications 7:30 AM CST - GDP-Third Estimate(Q3) 7:30 AM CST - GDP Deflator-Third Estimate(Q3) 9:00 AM CST - Existing Home Sales(Nov) 9:00 AM CST - FHFA Home Price Index(Oct) 9:30 AM CST - API & DOE Energy Stats 2:00 PM CST - Cold Storage |
FN: Jan Crude Lt(NYM) Jan KC Wheat Options(CBT) |
| 12/23 Thu |
7:00 AM CST - Census Crush 7:00 AM CST - Cotton Consumption 7:30 AM CST - Dairy Products Prices 7:30 AM CST - Intial Claims-Weekly 7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Durable Orders(Nov) 7:30 AM CST - Personal Income & Spending(Nov) 7:30 AM CST - PCE Prices-Core(Nov) 8:55 AM CST - University of Mich Sentiment-Final(Dec) 9:00 AM CST - New Home Sales(Nov) 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
LT: Jan 2,3,5 & 10 Year Notes Options(CBT) Jan Bonds Options(CBT) Jan Corn Options(CBT) Jan Oats Options(CBT) Jan Rough Rice Options(CBT) Jan Soybeans Options(CBT) Jan Soymeal Options(CBT) Jan Soyoil Options(CBT) Jan Wheat Options(CBT) |
| 12/24 Fri |
||
| 12/27 Mon |
2:00 PM CST - Quarterly Hogs & Pigs | LT: Jan Natural Gas Options(NYM) |
| 12/28 Tue |
8:00 AM CST - Case-Shiller 20-City Index(Oct) 9:00 AM CST - Consumer Confidence(Dec) |
LT: Jan Natural Gas(NYM) Jan Copper Options(CMX) Jan Gold Options(CMX) Jan Silver Options(CMX) Jan Heating Oil Options(NYM) Jan RBOB Gasoline Options(NYM) |
| 12/29 Wed |
6:00 AM CST - MBA Mortgage Applications 9:30 AM CST - API & DOE Energy Stats |
FN: Jan Natural Gas(NYM) LT: Dec Copper(CMX) Dec Gold(CMX) Dec Silver(CMX) Dec Platinum(CMX) Dec Palladium(CMX) |
| 12/30 Thu |
7:30 AM CST - Dairy Products Prices 7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - USDA Weekly Export Sales 8:45 AM CST - Chicago PMI(Dec) 9:00 AM CST - Pending Home Sales(Nov) 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
LT: Dec Milk(CME) Dec Milk Options(CME) |
| 12/31 Fri |
NEW YEAR'S EVE | FN: Jan Copper(CMX) Jan Gold(CMX) Jan Silver(CMX) Jan Platinum(CMX) Jan Palladium(CMX) Jan Rough Rice(CBT) Jan Soybeans,Soyoil,Soymeal(CBT) LT: Dec 2,3,& 5 Year Notes(CBT) Dec Fed Funds(CME) Dec Live Cattle(CME) Jan Heating Oil(NYM) Jan RBOB Gasoline(NYM) Dec Fed Funds Options(CME) Jan Lumber Options(CME) |
| 1/03 Mon |
9:00 AM CST - Construction Spending(Nov) 9:00 AM CST - ISM Index(Dec) |
FN: Jan Orange Juice(ICE) |
| 1/04 Tue |
9:00 AM CST - Factory Orders(Nov) 1:00 PM CST - FOMC Minutes 2:00 PM CST - Auto & Truck Sales(Jan) |
FN: Jan Heating Oil(NYM) Jan RBOB Gasoline(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!