1. Jim Wyckoff's Hot Market

US Dollar Index Bulls Fade

The U.S. dollar index is a basket of six major world currencies weighted against the greenback. See on the daily bar chart for December dollar index futures that prices have been trending lower for three weeks as the bulls have faded. Bears would gain fresh downside technical momentum by pushing prices below the solid support level seen on the chart, which is this week's low. The DX bulls would gain fresh upside near-term technical momentum by pushing prices above the solid technical resistance level seen on the chart. The trend of the U.S. dollar index is closely watched by commodity traders. A stronger dollar index is generally bearish for commodity markets, while a weaker greenback is generally bullish for them.

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

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!

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2. Real-Time Day Trading Signals Service

Learn an approach to day trading on the commodities and futures market, including the E Mini S&P 500, live!

Each trading day, Ilan Levy-Mayer, Vice President of Cannon Trading and President / AP of LEVEX Capital Management Inc., a registered commodity trading advisor, holds a live educational day trading webinar during the first 2 hours of trading.

In these webinars, Ilan will:

Share his approach to day trading futures and
Explain his day trading strategies that can be applied to futures markets such as the E Mini S&P 500, crude oil futures, euro currency, and others.
Review some of his technical indicators
Detail his day trading money management philosophy

Live Signals Screenshot

In this image , you will see a screenshot from a live session. You can see the main chart with trading signals (red arrow = sell, blue arrow = buy), suggested exits (blue x = exit for short, red x = exit for long), along with other visual elements of the model Ilan uses in his day trading.

Ilan uses indicators similar to RSI (relative strength indicator), MACD, and incorporates these indicators along with the use of volume charts to provide a different visual tool for day trading different futures contracts.

Get a free invitation!

View Ilan's E Mini S&P 500 charts. Read his trading notes. Hear his commentary. All live!

To get started, simply fill out this short form and we will send you your free invitation within one business day.

Sign Up for Live Commodities & Futures Day Trading Webinar

Cannon Trading respects your privacy and will never give this information to a 3rd party.

Please note, a valid email address and phone number are required.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date	Reports	Expiration & Notice Dates
10/21 Fri	7:30 AM CDT - Dairy Products Prices 2:00 PM CDT - Cattle On Feed 2:00 PM CDT - Cold Storage	LT: Oct Nikkei Options(CME) Oct DJIA Options(CME) Oct S&P 500 Options(CME) Oct E-Mini S&P 500 Options(CME) Oct NASDAQ Options(CME) Oct E-Mini NASDAQ Options(CME) Oct Russell Options(CME) Oct Value Line Options(CME) Nov 2,5,10 Year Notes Options(CBT) Nov Bonds Options(CBT) Nov Corn,Oats,Rough Rice Options(CBT) Nov Cotton Options(CME) Nov Soybeans,Soymeal,Soyoil Options(CBT) Nov Wheat Options(CBT) Nov Orange Juice Options(ICE)
10/24 Mon		FN: Nov Crude Lt(NYM)
10/25 Tue	8:00 AM CDT - Case-Shiller 20-City Index(Aug) 9:00 AM CDT - Consumer Confidence(Oct) 9:00 AM CDT - FHFA Housing Price Index(Aug)
10/26 Wed	6:00 AM CDT - MBA Mortgage Purchase Index 7:30 AM CDT - Durable Orders(Sep) 9:00 AM CDT - New Home Sales(Sep) 9:30 AM CDT - API & DOE Energy Stats	LT: Nov Copper Options(CMX) Nov Gold Options(CMX) Nov Silver Options(CMX) Nov Heating Oil Options(NYM) Nov RBOB Gasoline Options(NYM) Nov Natural Gas Options(NYM)
10/27 Thu	7:00 AM CDT - Census Crush 7:00 AM CDT - Cotton Consumption 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - GDP-Adv(Q3) 7:30 AM CDT - GDP Deflator(Q3) 9:00 AM CDT - Pending Home Sales(Aug) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply	LT: Oct Copper(CMX) Oct Gold(CMX) Oct Silver(CMX) Oct Palladium(CMX) Oct Platinum(CMX) Oct Feeder Cattle(CME) Nov Natural Gas(NYM) Oct Feeder Cattle Options(CME)
10/28 Fri	7:30 AM CDT - Dairy Products Prices 7:30 AM CDT - Employment Cost Index(Q3) 7:30 AM CDT - PCE Prices-Core(Sep) 7:30 AM CDT - Personal Income & Spending(Sep) 8:55 AM CDT - Michigan Sentiment-Final(Oct)	FN: Nov Natural Gas(NYM)
10/31 Mon	8:45 AM CDT - Chicago PMI(Oct)	FN: Nov Copper(CMX) Nov Gold(CMX) Nov Silver(CMX) Nov Platinum(CMX) Nov Palladium(CMX) Nov Rough Rice(CBT) Nov Soybeans(CBT) LT: Oct Fed Funds(CME) Oct Live Cattle(CME) Nov Heating Oil(NYM) Nov RBOB Gasoline(NYM) Oct Fed Funds Options(CME) Nov Lumber Options(CME)
11/01 Tue	9:00 AM CDT - Construction Spending(Sep) 9:00 AM CDT - ISM Index(Oct) 2:00 PM CDT - Auto & Truck Sales(Nov)	FN: Nov Orange Juice(ICE)
11/02 Wed	6:00 AM CDT - MBA Mortgage Purchase Index 6:30 AM CDT - Challenger Job Cuts(Oct) 7:15 AM CDT - ADP Employment Change(Oct) 9:30 AM CDT - API & DOE Energy Stats 11:30 AM CDT - FOMC Rate Decision(Nov)	FN: Nov Heating Oil(NYM) Nov RBOB Gasoline(NYM)
11/03 Thu	7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Productivity-Prel(Q3) 9:00 AM CDT - Factory Orders(Sep) 9:00 AM CDT - ISM Services(Oct) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply	LT: Oct Milk(CME) Oct Milk Options(CME) )

* 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!