In This Issue
1. 10 Valuable Tools and Educational Resources: Available for Clients and Qualified Prospects
2. JS Natural Gas Report
3. Economic Calendar
We wanted to share and perhaps remind our clients and qualified prospects that we offer many valuable tools and resources. Below are just SOME of the offers that may help you gain knowledge, further your education and provide assistance in your trading. We ENCOURAGE you to contact your broker (if you are a prospect, contact the broker who has been emailing you) and share some of your goals, success, trials and errors, your available time, risk tolerance and more.
In addition to the links below, you may want to ask your broker about options trading ideas and strategies and swing trading ideas.
Nearly all of our brokers have over 10 years of experience, some have worked on the trading floors of the exchanges. Our brokers are here to help you, guide and assist you. You have direct access to WEALTH of knowledge in different areas. take advantage of it.
Click the image to enlarge
Technically the MKT is correcting a BEAR TREND and remains vulnerable to the downside. On the SELL side accept FADE, REVERSAL and BREAKOUT strategies. DIR and DP BREAKOUT strategies should just "go" with expectations that the negative momentum is going to resume course. UP FADE strategies should wait for confirmation. A better strategy is a REVERSAL, as a violation of a major inflection point that cannot be held is a negative turning point signal with the potential to be the resumption of the negative trend.
On the BUY side FADE strategies off the DP or near the previous session or move low will work best with the expectations targeting a new corrective high. Avoid UP BREAKOUT strategies but rather FADE negative reactions off structure after a false breakout against the DIR, taking profits at the UP. If the corrective trade is going to continue, this strategy will work. Once it doesn't, it's time to roll in the other direction.
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!
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 06/29 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
9:00 AM CDT - Pending Home Sales(Apr) 9:30 AM CDT - API & DOE Energy Stats |
FN: Jul Natural Gas(NYM) |
| 06/30 Thu |
7:30 AM CDT - Grain Stocks
7:30 AM CDT - Planted Acreage 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 8:45 AM CDT - Chicago PMI(Jun) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Jul Copper(CMX)
Jul Gold,Silver(CMX) Jul Platinum,Palladium(CMX) Jul Wheat,Corn(CBT) Jul Oats,Rough Rice(CBT) Jul Soybeans,Soyoil,Soymeal(CBT) LT: Jun 2,3,5 Year Notes(CBT) Jun Fed Funds(CME) Jun Live Cattle(CME) Jun Milk(CME) Jul Heating Oil(NYM) Jul RBOB Gasoline(NYM) Jul Sugar-11(NYM) Jun Fed Funds Options(CME) Jun Milk Options(CME) Jul Lumber Options(CME) |
| 07/01 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - Nonfarm Payrolls 8:55 AM CDT - Michigan Sentiment-Final(Jun) 9:00 AM CDT - Construction Spending(May) 9:00 AM CDT - ISM Index(Jun) 2:00 PM CDT - Auto & Truck Sales(Jun) |
FN: Jul Orange Juice(ICE)
Jul Sugar-11(NYM) LT: Jul Butter Options(CME) Jul Live Cattle Options(CME) Jul Pork Bellies Options(CME) Aug Cocoa Options(ICE) |
| 07/04 Mon |
Indepence Day | |
| 07/05 Tue |
9:00 AM CDT - Factory Orders(May) |
FN: Jul Butter(CME)
Jul Heating Oil(NYM) Jul RBOB Gasoline(NYM) Jul Pork Bellies(CME) |
| 07/06 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
6:30 AM CDT - Challenger Job Cuts)(Jun) 7:15 AM CDT - ADP Employment Change(Jun) 9:00 AM CDT - ISM Services(Jun) |
|
| 07/06 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
6:30 AM CDT - Challenger Job Cuts)(Jun) 7:15 AM CDT - ADP Employment Change(Jun) 9:00 AM CDT - ISM Services(Jun) |
|
| 07/07 Thu |
7:30 AM CDT - Initial Claims-Weekly
9:30 AM CDT - EIA Gas Storage 10:00 AM CDT - API & DOE Energy Stats 3:30 PM CDT - Money Supply |
|
| 07/08 Fri |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Dairy Products Prices 7:30 AM CDT - Ave Workweek & Hourly Earnings(Jun) 7:30 AM CDT - Nonfarm Payrolls(Jun) 7:30 AM CDT - Unemployment Rate(Jun) 9:00 AM CDT - Wholesale Inventories(May) 2:00 PM CDT - Consumer Credit(May) |
LT: Jul Canadian Dollar Options(CME)
Jul Currencies Options(CME) Jul US Dollar Options(ICE) Aug Coffee Options(ICE) |
| 07/11 Mon |
LT: Jul Orange Juice(ICE) | |
| 07/12 Tue |
7:30 AM CDT - WASDE Report & Crop Production
7:30 AM CDT - Trade Balance(May) |
* 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!