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April 22, 2016 Newsletter

Grain Market Bulls Wake Up. More than a Few Ways to Enter a Trade.


April 22nd, 2016 - Issue #826

In This Issue

1. Few Ways to Enter a Trade
2. Hot Market: Grain Market Bulls Wake Up, Bigtime!
3. Economic Calendar

1.   Few Ways to Enter a Trade 

By Ilan Levy-Mayer, VP Cannon Trading Co, Inc.


There are so many different aspects to trading. From financial, emotional aspects to actual details of when to enter a trade, when to exit a trade and SO MUCH more in between.....

An important part of trading is trade entry. Assuming a trader knows why he/ she about to enter a trade the next step sounds simple right? Simply buy or sell the contract you wish to trade.... Many times it is that simple; depending on the time frame you are trading you may simply buy @ market and get the market price at that time. Some traders try to make small profits where every tick counts hence they may use the "buy bid" or "sell ask" button in order to get in at the best market price at that time. Many times you may save a tick by doing so but other times you may find yourself chasing the bid or the ask...

Another way is for a trader to decide that yes she wants to enter the specific market but she would like to get in at a price that is better and will use a limit order. Example may be, trader got the signal she was looking for to sell the mini SP 500 futures. The September contract was at 1982.75. Trader decided that she is willing


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2. Hot Market: Grain Market Bulls Wake Up, Bigtime!

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

soybeans futures; Boom! Just like that, the grain market bulls are off and running. Soybeans, corn and wheat have all hit multi-month highs this week, amid several factors that are propelling prices higher--dry weather in South American corn and soybean regions, wet weather in the southern U.S. wheat regions, heavy speculative and fund buying, and a generally improving raw commodity sector that is moving out of its bust cycle. The grains are moving into the important and exciting time of year--corn and soybean planting and growing seasons in the U.S., and wheat harvesting in the U.S.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
04/25
Mon
99:00 AM CDT - New Home Sales(Mar)
FN: May Cotton(NYM)
04/26
Tues
7:30 AM CDT - Durable Orders(Mar)
7:30 AM CDT - Durable Goods-Ex Transportation(Mar)
8:00 AM CDT - Case-Shiller 20-City Index(Feb)
9:00 AM CDT - Consumer Confidence(Apr)
LT: May Copper Options(CMX)
May Gold Options(CMX)
May Silver Options(CMX)
May Natural Gas Options(NYM)
May RBOB & ULSD Options(NYM)
04/27
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
9:00 AM CDT - Pending Home Sales(Mar)
9:30 AM CDT - API & DOE Energy Stats
1:00 PM CDT - FOMC Rate Decision(Apr)
2:00 PM CDT - Dairy Products Sales
LT: Apr Copper(CMX)
Apr Gold(CMX)
Apr Silver(CMX)
Apr Platinum(NYM)
Apr Palladium(NYM)
May Natural Gas(NYM)
04/28
Thurs
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - GDP-Adv(Q1)
7:30 AM CDT - Chain Deflator-Adv(Q1)
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply
FN: May Natural Gas(NYM)
LT: Apr Feeder Cattle(CME)
Apr Feeder Cattle Options(CME)
04/29
Fri
7:30 AM CDT - Employment Cost Index(Q1)
7:30 AM CDT - PCE Prices(Mar)
7:30 AM CDT - Personal Income & Spending(Mar)
8:45 AM CDT - Chicago PMI(Apr)
9:00 AM CDT - Michigan Sentiment-Final(Apr)
FN: May Copper(CMX)
May Gold & Silver(CMX)
May Platinum & Palladium(NYM)
May Canola(CBT)
May Wheat(CBT)
May Corn(CBT)
May Oats(CBT)
May Rough Rice(CBT)
May Soybeans,Soymeal,Soyoil(CBT)
LT: Apr Fed Funds(CME)
Apr Live Cattle(CME)
May RBOB & ULSD(NYM)
May Sugar-11(ICE)
Apr Fed Funds Options(CME)
May Lumber Options(CME)
FN=First Notice, OE=Option Expiration, LT=Last Trade

* 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!

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