1. Traders Resource Corner

Learn to apply Moving Averages to your trading with this Free eBook

Robert Prechter's Elliott Wave International (EWI) has just released a free 10-page trading eBook: How You Can Find High-Confidence Trading Opportunities Using Moving Averages, by Senior Analyst Jeffrey Kennedy.

Moving averages are one of the most widely-used methods of technical analysis because they are simple to use, and they work. Now you can learn how to apply them to your trading and investing in this free eBook. Let EWI's Jeffrey Kennedy teach you step-by-step how moving averages can help you find high-confidence trading opportunities. Jeffrey's trading eBooks have been downloaded thousands of times because he knows how to take complex trading methods and teach them in a way you can immediately understand and apply. You'll be amazed at how quickly you can benefit from Moving Averages with just this quick, 10-page lesson.

Improve your trading and investing with Moving Averages!

2. Hot Market Review - March Corn Futures

From our friend Jim Wyckoff

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 www.jimwyckoff.com

click on image below to enlarge

See on the daily bar chart for March corn futures that prices have dropped down into the lower boundary of a well-defined trading range. Technical odds now suggest there is not much downside price action left in the near term, as solid chart support levels are located just below. See, too, at the bottom of the chart that the Relative Strength Index (RSI) has dropped lower and is now at a reading that during October and November did signal near-term price bottoms and the corn market then rallied into the upper boundary of the trading range.

3. Economic Calendar

Source: Moore Research Center, Inc.

Dec Bonds(CBT)
Jan Crude Lt(NYM)
Jan Platinum Options(NYM)
Jan Palladium Options(NYM)

Date	Reports	Expiration & Notice Dates
12/17 Mon	7:30 AM CST - Empire Manufacturing(Dec) 8:00 AM CST - Net Long-Term TIC Flows(Oct)	LT: Dec Currencies(CME) Dec US Dollar Index(ICE) Dec Eurodollar Options(CME) Jan Sugar-11 Options(NYM)
12/18 Tues	7:30 AM CST - Current Account Balance(Q3) 9:00 AM CST - NAHB Housing Market Index(Dec)	LT: Dec Canadian Dollar(CME) Dec Coffee(ICE)
12/19 Wed	6:00 AM CST - MBA Mortgage Index 7:30 AM CST - Diary Products Prices 7:30 AM CST - Building Permits & Housing Starts(Nov) 9:30 AM CST - API & DOE Energy Stats 2:00 PM CST - Milk Production
12/20 Thurs	7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - GDP-Third Estimate(Q3) 7:30 AM CST - GDP Deflator-Third Estimate(Q3) 9:00 AM CST - Existing Home Sales(Nov) 9:00 AM CST - Philadelphia Fed(Dec) 9:00 AM CST - Leading Indicators(Nov) 9:00 AM CST - FHFA Housing Price Index(Oct) 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply	LT: Dec NASDAQ(CME) Dec S&P 500(CME) Dec NASDAQ Options(CME) Dec S&P 500 Options(CME)
12/21 Fri	7:30 AM CST - Personal Income & Spending(Nov) 7:30 AM CST - PCE Prices-Core(Nov) 8:55 AM CST - Michigan Sentiment-Final(Dec) 2:00 PM CST - Cattle On Feed 2:00 PM CST - Cold Storage	FN: Jan Crude Lt(NYM) LT: Dec DJIA(CME) Dec E-Mini S&P 500(CME) Dec E-Mini NASDAQ(CME) Dec Russell(CME) Dec DJIA Options(CME) Dec E-Mini S&P 500 Options(CME) Dec E-Mini NASDAQ Options(CME) Dec Russell Options(CME) Jan 2,5,10 Year Notes Options(CBT) Jan Corn,Oats Options(CBT) Jan Rough Rice,Wheat Options(CBT) Jan Soybeans,Soymeal,Soyoil Options(CBT) Jan Orange Juice Options(ICE)
12/24 Mon	7:30 AM CST - Durable Orders(Nov)

* 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!