In This Issue
1. What Are the BEST Technical Indicators for Successful Trading?
2. Jim Wyckoff's Hot Market
3. Economic Calendar
8 technical analysis tools that give any trader an edge
You may have seen a TV ad where "traders" describe their strategies, and one says, "I trade on fundamentals." That sounds very reassuring -- except that, on any given day, "fundamentals" are a mixed bag:
You might have a good U.S. employment report...but bad news from Europe
A positive Fed statement...but a negative housing number
Strong earnings...but slowing consumer spending
And so on. Which "fundamental" factor trumps the other? Which one carries more weight in your forecast? Your guess is as good (or bad) as anybody's.
U.S. T-Bond Bulls Regain Upside Technical Momentum
March U.S. Treasury bond futures bulls have had a good week this week and have regained fresh upside technical momentum by re-establishing the uptrend seen on the daily chart. The European Union debt debacle continues to be a major bullish underlying supportive factor for U.S. Treasuries. Just as it appears U.S. Treasuries are about to break down, it seems the EU debt crisis flares back up to provoke safe-haven buying interest in U.S. bonds and notes. "The trend is your friend" in trading, and the near-term trend in T-Bonds is up again.
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!
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 12/16 Fri |
7:30 AM CST - Dairy Products Prices 7:30 AM CST - Core CPI & CPI(Nov) 2:00 PM CST - Cattle On Feed | LT: Dec DJIA(CME) Dec E-Mini S&P 500(CME) Dec NASDAQ(CME) Dec Russell(CME) Dec Value Line(CME) Dec DJIA Options(CME) Dec E-Mini S&P Options(CME) Dec NASDAQ Options(CME) Dec Russell Options(CME) Jan Cotton Options(CME) Jan Orange Juice Options(ICE) |
| 12/19 Mon |
9:00 AM CST - NAHB Housing Market Index(Dec) 2:00 PM CST - Milk Production | LT: Dec Currencies(CME) Dec Eurodollar(CME) Dec Coffee(ICE) Dec US Dollar Index(ICE) Dec Eurodollar Options(CME) |
| 12/20 Tue |
7:30 AM CST - Building Permits & Housing Starts(Nov) | FN: Dec US Dollar Index(ICE) LT: Dec Butter(CME) Dec Canadian Dollar(CME) Jan Crude Lt(NYM) |
| 12/21 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 9:00 AM CST - Existing Home Sales(Nov) 9:30 AM CST - API & DOE Energy Stats | LT: Dec 10 Year Notes(CBT) Dec Bonds(CBT) Jan Palladium Options(CMX) Jan Platinum Options(CMX) |
| 12/22 Thu |
7:00 AM CST - Cotton Consumption 7:00 AM CST - Census Crush 7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - GDP & GDP-Deflator Third Estimate(Q3) 8:55 AM CST - Michigan Sentiment-Final(Dec) 9:00 AM CST - FHFA Housing Price Index(Oct) 9:00 AM CST - Leading Indicators(Nov) 9:30 AM CST - EIA Gas Storage 2:00 PM CST - Cold Storage 3:30 PM CST - Money Supply | FN: Jan Crude Lt(NYM) |
| 12/23 Fri |
7:30 AM CST - Dairy Products Prices 7:30 AM CST - Durable Orders(Nov) 7:30 AM CST - PCE Prices-Core(Nov) 7:30 AM CST - Personal Income & Spending(Nov) 9:00 AM CST - New Home Sales(Nov) 2:00 PM CST - Quarterly Hogs & Pigs | LT: Jan 2,5,10 Year Notes Options(CBT) Jan Bonds Options(CBT) Jan Corn Options(CBT) Jan Oats Options(CBT) Jan Rough Rice Options(CBT) Jan Soybeans Options(CBT) Jan Soymeal Options(CBT) Jan Soyoil Options(CBT) Jan Wheat Options(CBT) |
| 12/26 Mon |
||
| 12/27 Tue |
78:00 AM CST - Case-Shiller 20-City Index(Oct) 9:00 AM CST - Consumer Confidence(Dec) | LT: Jan Copper Options(CMX) Jan Gold Options(CMX) Jan Silver Options(CMX) Jan Heating Oil Options(NYM) Jan RBOB Gasoline Options(NYM) Jan Natural Gas Options(NYM) |
| 12/28 Wed |
6:00 AM CST - MBA Mortgage Purchase Index | LT: Dec Copper(CMX) Dec Gold(CMX) Dec Silver(CMX) Dec Platinum(CMX) Dec Palladium(CMX) Jan Natural Gas(NYM) |
| 12/29 Thu |
7:30 AM CST - Initial Claims-Weekly 8:45 AM CST - Chicago PMI(Dec) 9:00 AM CST - Pending Home Sales(Oct) 9:30 AM CST - EIA Gas Storage 10:00 AM CST - API & DOE Energy Stats 3:30 PM CST - Money Supply | FN: Jan Natural Gas(NYM) LT: Dec Milk(CME) Dec 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!