1. Overview of Trading Tools at Cannon Trading Inc.

Good day futures traders! We at Cannon Trading would like to dedicate part of this week's newsletter to covering the educational materials and tools we offer for futures traders of all experience levels to sharpen their skills with.

Futures Market Charts - at both Cannon Trading and E-Futures we host a powerful charting program that allows you to create custom indicators, create comparative charts and more for a wide range of futures contracts.

Futures Trading Webinar - a daily program from 6:30am PST to about 1:15pm PST put on by the Cannon Trading Vice President, Ilan Levy-Mayer. This service is targeted at experienced self-directed traders and is meant to act as a futures trading guide. In it he covers his trading strategies and charts.

Futures Blog - Every day Cannon Trading publishes support and resistance levels as well as market commentary and the schedule for economic reports that day. You can find it and sign up to receive it via email at Cannon Trading.

2. Hot Market Report by Jim Wyckoff

Market Report by JS

Bearish "Island Top Reversal" in June Live Cattle

Click the image to enlarge

June live cattle futures on the Chicago Mercantile Exchange Tuesday gapped lower on the daily bar chart and hit a fresh three-week low of $114.95 a hundredweight. Combined with a gap-higher price move on March 25, Tuesday's downside price gap produced a bearish "island top" reversal pattern on the daily bar chart, which is an early technical clue that a market top is now in place. Since scoring a contract high of $121.50 on April 1, June live cattle futures prices have declined around $6.00 and the bulls have faded. To regain some fresh upside near-term technical momentum the cattle market bulls would have to push June futures prices back above stiff chart resistance at $117.55. A drop in June live cattle futures prices below solid technical support at the $114.00 price level would provide the bears with better downside technical momentum and would more strongly suggest a market top is indeed in place in the cattle market. Near-term technical resistance for June live cattle futures is located at Tuesday's high of $116.30, at $116.75, at $117.00 and then at $117.55. Near-term technical support is located at Tuesday's low of $114.95, at $114.50 and then at $114.00. Stay tuned! Jim Wyckoff

3. Economic Calendar

Source: Moore Research Center, Inc.

Date	Reports	Expiration & Notice Dates
04/13 Wed	6:00 AM CDT - MBA Mortgage Index 7:30 AM CDT - Retail Sales(Mar) 9:00 AM CDT - Business Inventories(Feb) 9:30 AM CDT - API & DOE Energy Stats 1:00 PM CDT - Fed's Beige Book(Apr)
04/14 Thu	7:30 AM CDT - NOPA Crush 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - PPI & Core PPI(Mar) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply	LT: Apr Lean Hogs(CME) Apr Lean Hogs Options(CME) May Crude Lt Options(NYM)
04/15 Fri	7:30 AM CDT - Dairy Products Prices 7:30 AM CDT - CPI & Core CPI(Mar) 7:30 AM CDT - Empire Manufacturing(Apr) 8:00 AM CDT - Net Long-Term TIC Flows(Feb) 8:15 AM CDT - Industrial Prod & Capacity Util((Mar) 8:55 AM CDT - Mich Sentiment(Apr)	FN: May Cocoa(ICE) LT: Apr DJIA Options(CME) Apr S&P 500 Options(CME) Apr E-Mini S&P 500 Options(CME) Apr NASDAQ Options(CME) Apr E-Mini NASDAQ Options(CME) Apr Russell Options(CME) Apr Value Line Options(CME) Apr Eurodollar Options(CME) May Orange Juice Options(ICE) May Sugar 11 Options(NYM)
04/18 Mon	9:00 AM CDT - NAHB Housing Market Index(Apr)
04/19 Tue	7:30 AM CDT - Building Permits & Housing Starts(Mar) 2:00 PM CDT - Milk Production	LT: May Crude Lt(NYM)
04/20 Wed	6:00 AM CDT - MBA Mortgage Purchase Index 9:00 AM CDT - Existing Home Sales(Mar) 9:30 AM CDT - API & DOE Energy Stats	FN: May Coffee(ICE) LT: May Platinum Options(CMX) May Palladium Options(CMX)
04/21 Thu	7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Dairy Products Prices 9:00 AM CDT - FHFA Housing Price Index(Feb) 9:00 AM CDT - Leading Indicators(Mar) 9:00 AM CDT - Philadelphia Fed(Apr) 9:30 AM CDT - EIA Gas Storage 2:00 PM CDT - Cattle On Feed 2:00 PM CDT - Cold Storage 3:30 PM CDT - Money Supply	FN: May Crude Lt(NYM) LT: Apr Feeder Cattle(CME) Apr Feeder Cattle Options(CME) May Corn Options(CBT) May Oats Options(CBT) May Rough Rice Options(CBT) May Soybeans,Soyoil,Soyoil Options(CBT) May Wheat Options(CBT)
04/22 Fri	GOOD FRIDAY
04/25 Mon	9:00 AM CDT - New Home Sales(Mar)	FN: May Cotton(CME)
04/26 Tue	8:00 AM CDT - Case-Shiller 20-City Index(Feb) 9:00 AM CDT - Consumer Confidence(Apr) FOMC MEETING	LT: May Copper Options(CMX) May Gold Options(CMX) May Silver Options(CMX) May Heating Oil Options(NYM) May RBOB Gasoline Options(NYM) May Natural Gas Options(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!