In This Issue
1. March to June Rollover Notice & Daylight Savings Time
2. Costly Hiccups - Do YOU Have Any?
3. Economic Calendar
Please note that Equity Indices products; TF, ES, NQ, EMD and YM roll on Thursday the 10th at 8:30 am Chicago time from the March 2011 contract to the June 2011 contract. The month code for June is 'M1'.
It is recommended that all new positions be placed in the June contract as of Thursday's trade date.
Please close any open March Currencies positions by the close on Friday the 11th.
Should you have any further questions please contact your futures broker.
To all of our international futures trading clients, please take note that the United States will observe Daylight Saving Time on Sunday, March 13th at 2:00 am.
So if the market normally opens at 4:30pm your local time then after the 13th it will open at 3:30 pm. Good trading!
by RealityTrader
Continuing our mini-series devoted to trading psychology, let’s look into another very common problem traders encounter.
One of the most frequent questions I get: "OK, I seem to have mastered a lot, I can extract money from the markets and I have stretch of winning days BUT… one day comes when I seem to be unable to follow my own rules, I start doing everything against what I learned, dig deeper and deeper hole… and when the day is over I find myself giving back all I made in a week before that! I feel groggy… then I remember everything I learned, pick myself up, glue pieces together, start trading carefully, start making money… only to have another blow-off just like the previous one in a week or two! What’s going on, why can’t I control myself and how do I avoid these frustrating days??"
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 03/09 Wed |
6:00 AM CST - MBA Mortgage Purchase Index
9:00 AM CST - Wholesale Inventories(Jan) 9:30 AM CST - API & DOE Energy Stats |
LT: Mar Cotton(CME) |
| 03/10 Thu |
7:30 AM CST - WASDE Report & Crop Production
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Trade Balance(Jan) 9:30 AM CST - EIA Gas Storage 1:00 PM CST - Treasury Budget(Feb) 3:30 PM CST - Money Supply |
|
| 03/11 Fri |
7:30 AM CST - Dairy Products Prices
7:30 AM CST - Retail Sales(Feb) 8:55 AM CST - Mich Sentiment(Mar) 9:00 AM CST - Business Inventories(Jan) |
LT: Mar Orange Juice(ICE)
Apr Coffee Options(ICE) |
| 03/14 Mon |
7:30 AM CDT - NOPA Crush |
LT: Mar Wheat(CBT)
Mar Corn(CBT) Mar Oats(CBT) Mar Rough Rice(CBT) Mar Soybeans,Soymeal,Soyoil(CBT) Mar US Dollar Index(ICE) Mar Currencies(CME) Mar Eurodollar(CME) Mar Eurodollar Options(CME) |
| 03/15 Tue |
7:30 AM CDT - Empire Manufacturing(Mar)
7:30 AM CDT - Export & Import Prices(Feb) 8:00 AM CDT - Net Long-Term TIC Flows(Jan) 9:00 AM CDT - NAHB Housing Market Index(Mar) 1:15 PM CDT - FOMC Rate Decision(Mar) |
FN: Mar US Dollar Index(ICE)
LT: Mar Canadian Dollar(CME) Mar Lumber(CME) Apr Sugar 11 Options(NYM) |
| 03/16 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
7:30 AM CDT - Building Permits & Housing Starts(Feb) 7:30 AM CDT - Core PPI & PPI(Feb) 7:30 AM CDT - Current Account Balance(Q4) 9:30 AM CDT - API & DOE Energy Stats |
FN: Mar Lumber(CME)
LT: Apr Platinum Options(CMX) Apr Palladium Options(CMX) |
| 03/17 Thu |
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Core CPI & CPI(Feb) 8:15 AM CDT - Capacity Util & Industrial Prod(Feb) 9:30 AM CDT - EIA Gas Storage 9:00 AM CDT - Leading Indicators(Feb) 9:00 AM CDT - Philadelphia Fed(Mar) 3:30 PM CDT - Money Supply |
LT: Mar NASDAQ(CME)
Mar S&P 500(CME) Mar NASDAQ Options(CME) Mar S&P 500 Options(CME) Mar Value Line Options(CME) Apr Crude Lt Options(NYM) |
| 03/18 Fri |
7:30 AM CDT - Dairy Products Prices
2:00 PM CDT - Cattle On Feed 2:00 PM CDT - Milk Production |
LT: Mar DJIA(CME)
Mar E-Mini S&P 500(CME) Mar E-Mini NASDAQ(CME) Mar Russell(CME) Mar Value Line(CME) Mar DJIA Options(CME) Mar E-Mini S&P 500 Options(CME) Mar E-Mini NASDAQ Options(CME) Mar Russell Options(CME) Apr Orange Juice Options(ICE) |
| 03/21 Mon |
9:00 AM CDT - Existing Home Sales(Feb) | LT: Mar Coffee(ICE) |
| 03/22 Tue |
9:00 AM CDT - FHFA Housing Price Index(Jan)
2:00 PM CDT - Cold Storage |
LT: Mar 10 Year Notes(CBT)
Mar Bonds(CBT) Mar Butter(CME) Apr 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!