1. What's Your Trading blood type?

Perhaps the greatest luxury I have in this business is the ability to observe the experiences of many traders with different personalities, life schedules and risk capital, each trading in a variety of markets. What most astute brokers realize is that, over time, as some individuals prematurely exit winners while others desperately cling to losers, it becomes quite possible to match different "blood types" of those traders with their correct "trading diets." Clearly, we're not talking the medical blood type here, but in the figurative sense it makes the right point. With practice, it's not too hard to determine blood types (type of trading best suited to the individual) based on the personality of the trader, and then prescribe a diet based on that individual trader's capital, experience, risk profile and schedule.

Read the rest of this article which was originally published in SFO magazine on July 2004 and is just as relevant today as it was when first aired out.

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2. Hot Market Review - U.S. Stock Index Futures Bulls in Full Technical Command

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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

The U.S. stock index futures bulls have gained good upside near-term technical momentum recently, and are trading at or near record or multi-year highs. See on the daily bar chart for the e-mini S&P futures that prices Thursday did hit a new record high. Make no mistake: The U.S. stock indexes are fully technically bullish at present. This means the path of least resistance for prices will remain sideways to higher until a bearish near-term technical clue surfaces to suggest otherwise. It's my job in my Daily Markets Updates to provide my valued customers with those early clues on when price trends are about to end, or begin, or accelerate.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date	Reports	Expiration & Notice Dates
07/22 Mon	9:00 AM CDT - Existing Home Sales(Jun) 2:00 PM CDT - Cold Storage	LT: Aug Crude Lt(NYM)
07/23 Tues	8:00 AM CDT - FHFA Housing Price Index(May)	FN: Mar US Dollar IndexICE) LT: Mar 10 Year Notes(CBT) Mar Bonds(CBT) Mar Canadian Dollar(CME)
07/24 Wed	6:00 AM CDT - MBA Mortgage Purchase Index 9:00 AM CDT - New Home Sales(Jun) 9:30 AM CDT - API & DOE Energy Stats 3:00 PM CDT - Dairy Products Sales	FN: Aug Crude Lt(NYM)
07/25 Thurs	7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Durable Orders(Jun) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply	LT: Aug Copper Options(CMX) Aug Gold Options(CMX) Aug Silver Options(CMX)
07/26 Fri	8:55 AM CDT - Michigan Sentiment-Final(Jul)	LT: Aug 2,5,10 Year Notes Options(CBT) Aug Bonds Options(CBT) Aug Wheat Options(CBT) Aug Corn Options(CBT) Aug Oats Options(CBT) Aug Rough Rice Options(CBT) Aug Soybeans,Soymeal,Soyoil Options(CBT) Aug Heating Oil Options(NYM) Aug RBOB Gasoline Options(NYM) Aug Natural Gas Options(NYM)
07/28 Mon	9:00 AM CDT - Pending Home Sales(Jun)	LT: Jul Copper(CMX) Jul Gold(CMX) Jul Silver(CMX) Jul Platinum(NYM) Jul Palladium(NYM) Aug Natural Gas(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!