In This Issue
1. Good Friday Trading Schedule
2. Hot Market Report by JS
3. Economic Calendar
CME Group (Floor)
12:00 pm Close: Foreign Exchange and Interest Rate productsNYMEX (Floor)
Regular CloseGLOBEX
*All other products regular closeICE
12:00 pm Close: Open Outcry Financial ProductsEUREX
Regular CloseOneChicago
Regular CloseNYSE
Regular CloseForex
Regular CloseCME Group (Floor)
ClosedNYMEX (Floor)
ClosedGLOBEX
ClosedICE
ClosedEUREX
ClosedOneChicago
ClosedNYSE
ClosedForex
Regular CloseCME Group (Floor)
ClosedNYMEX (Floor)
ClosedGLOBEX
Regular OpenICE
6:30 am Open: Cocoa, Coffee and SugarEUREX
ClosedOneChicago
ClosedNYSE
ClosedForex
Regular OpenFor a more detailed holiday schedule read the CME Group report.
The above calendar is compiled from sources believed to be reliable. Cannon Trading Inc. 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.
Click the image to enlarge
The MKT is pressing the extreme but remains in a firm posture. On the SELL side REVERSAL strategies off the UP and UT1 will work best. If the integrity of the previous session low remains intact, avoid FADE strategies as expectation is for a higher trade. BREAKOUT strategies are a lower probability and should just "go". Risk little and have a resting defined target.
On the BUY side FADE and REVERSAL strategies are recommended off the DP and DT1. As long as the MKT continues to hold positive structure, these strategies should be aggressively taken. BREAKOUT strategies should only have 1 pullback after a resistance breach, bottoming out above the DIR if they are going to follow through in the session. Any more and the market will be vulnerable to a neutral shift.
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 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) |
| 04/27 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
7:30 AM CDT - Durable Orders(Mar) 9:30 AM CDT - API & DOE Energy Stats 1:15 PM CDT - FOMC Rate Decision(Apr) |
LT: Apr Copper(CMX)
Apr Gold(CMX) Apr Silver(CMX) Apr Platinum(CMX) Apr Palladium(CMX) May Natural Gas(NYM) |
| 04/28 Thu |
7:00 AM CDT - Census Crush
7:00 AM CDT - Cotton Consumption 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Chain Deflator-Adv(Q1) 7:30 AM CDT - GDP-Adv(Q1) 7:30 AM CDT - GDP Deflator(Q1) 9:00 AM CDT - Pending Home Sales(Mar) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: May Natural Gas(NYM)
LT: Apr Milk(CME) Apr Milk Options(CME) |
| 04/29 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - Employment Cost Index(Q1) 7:30 AM CDT - PCE Prices-Core(Mar) 7:30 AM CDT - Personal Income & Spending(Mar) 8:45 AM CDT - Chicago PMI(Apr) 8:55 AM CDT - Michigan Sentiment-Final(Apr) |
FN: May Copper,Gold,Silver(CMX)
May Platinum,Palladium(CMX) May Corn,Wheat(CBT) May Oats,Rough Rice(CBT) May Soybeans,Soyoil,Soymeal(CBT) LT: Apr Fed Funds(CME) Apr Live Cattle(CME) May Heating Oil(NYM) May Sugar-11(NYM) Apr Fed Funds Options(CME) May Lumber Options(CME) |
| 05/2 Mon |
9:00 AM CDT - Construction Spending(Mar)
9:00 AM CDT - ISM Index(Apr) 2:00 PM CDT - Auto & Truck Sales(May) |
FN: May Orange Juice(ICE)
May Sugar-11(NYM) |
| 05/03 Tue |
9:00 AM CDT - Factory Orders(Mar) |
FN: May Heating Oil(NYM)
May 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!