In This Issue
CME Globex® - New Year's 2011 Holiday Schedule
Commodity Market Bulls Looking for More Success in 2011
Broker Battle - We Need Your Vote
Economic Calendar
Friday, Dec 31
1515 CT – Regular CME Globex close for trade date Friday, Dec 31
Sunday, Jan 2
1700 CT – Regular CME Globex open for trade date Monday, Jan 3
Friday, Dec 31
1215 CT – Early CME Globex close for all CME interest rate and CBOT financial products for trade date Friday, Dec 31
Sunday, Jan 2
1700 CT – Regular CME Globex open for CME interest rate products for trade date Monday, Jan 3
1730 CT – Regular CME Globex open for CBOT financial products for trade date Monday, Jan 3
Friday, Dec 31
1215 CT – Early CME Globex close for trade date Friday, Dec 31
Sunday, Jan 2
1700 CT – Regular CME Globex open for trade date Monday, Jan 3
Friday, Dec 31
1515 CT / 1615 ET – Early CME Globex close for trade date Friday, Dec 31
Sunday, Jan 2
1700 CT – Regular CME Globex open for trade date Monday, Jan 3
*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 Globex® New Year's Holiday Trading Schedule
by Jim Wyckoff
The year 2010 has been a very good year for commodity market bulls. Gold, feeder cattle and cotton futures all hit all-time record highs in 2010. Silver and sugar futures hit 30-year highs, coffee scored a fresh 13-year highs and many other markets are at two-year highs. The Continuous Commodity Index (CCI) this week notched a fresh all-time high. The CCI is a basket of 17 major raw commodity futures prices rolled into one composite price index. It's an excellent gauge for the overall price trend in the commodity market sector. The CCI is presently in a strong two-year-old uptrend on the weekly chart. The strong price uptrend in the CCI and the fact the index just pushed above strong technical resistance at the previous all-time high, scored in 2008, suggest the CCI will continue to trade sideways to higher in the coming weeks, or longer. The present technical posture of the CCI suggests the raw commodity market bulls will enjoy more success in 2011. Look for the raw commodity sector leaders to be gold and crude oil. Stay tuned and happy holidays!
Click the image to enlarge
Jim has an excellent daily newsletter where he reviews different markets, alerts you for potential trades and much more. Included is his great bi-weekly newsletter with charts and a little longer term outlook. We recommend checking out his website, educational CDROM, and services at Jim Wyckoff
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 |
| 12/29 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) |
| 01/03 Mon |
9:00 AM CST - Construction Spending(Nov) 9:00 AM CST - ISM Index(Dec) |
FN: Jan Orange Juice(ICE) |
| 01/04 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) |
| 01/05 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 7:15 AM CST - ADP Employment Change(Dec) 9:00 AM CST - ISM Services(Dec) 9:30 AM CST - API & DOE Energy Stats |
|
| 01/06 Thu |
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - USDA Weekly Export Sales 9:30 AM CST - EIA Gas Storage 3:30 AM CST - Money Supply |
|
| 01/07 Fri |
7:30 AM CST - Dairy Products Prices 7:30 AM CST - Ave Workweek & Hourly Earnings(Dec) 7:30 AM CST - Nonfarm Payrolls(Dec) 7:30 AM CST - Unemployment Rate(Dec) 2:00 PM CST - Consumer Credit(Nov) |
LT: Jan Canadian Dollar Options(CME) Jan Currencies Options(CME) Jan US Dollar Options(ICE) Jan Live Cattle Options(CME) Feb Cocoa Options(ICE) |
| 01/10 Mon |
LT: Jan Orange Juice(ICE) | |
| 01/11 Tue |
9:00 AM CST - Wholesale Inventories(Nov) |
* 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!