Cannon Trading Co. Inc. Weekly Futures Newsletter

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In This Issue

Credit Market Quarterly Outlook

Recommended Trading Tool: E-Futures Chart Patterns

Economic Reports and Expiration Notices

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Single Click Trading.

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Trading From the Chart or Trading From the DOM.

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Configurable Trading Ladders.

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Fast, Clean Market Data and Online Order Executions.

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Industry Respected Support.

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Innovative Chart & Trading Technologies.

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GOOD TRADING!
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October 22nd, 2008 - Issue #451

Credit Market Quarterly Outlook

brought to you by MF Global Research

Special Quarterly Outlook: Overview

TYZ8 is a trading affair with an upside bias. The market is expected to be supported by weak global economic growth and falling inflationary pressures. Yesterday, Caterpillar expected slower global growth into 2009 echoing comments made by Eaton Monday. Falling gasoline prices and looser credit conditions could revive the global economy, but have not yet impacted economic activity. Likewise, Texas Instruments noted that semiconductor demand was seasonally weak. Stress in the developed world lingers. Poor valuation and supply are likely to limit gains. Price ideas include:

• TYZ8 will find stiff resistance in the 114-16/20 area. Above 114-20, prices could run to 116-16. The 113-10 to 112-15 area is support. This level should be a base.
• The 2/10 spread is going through a correction. It will remain steep over time and likely widen out to 250 in 2009. It is subject to narrowing the next few days, but is likely to widen out as the refinance approaches in early November. 208 and 200 bps are support. Resistance is at 224 bps and 238 bps.
• EDU9 is expected to work toward 98.00 in the coming months. Like EDU9 to TUZ8.
• Look for the U.S. 2 year yield to rise more or fall less than the EZ 2 year yield. Support is at -136 bps/-140 bps and -152 bps. Resistance is at -110 bps and -100 bps.

Read the rest of the article for free! Fill out the short form below for instant access.

Report includes analysis of the mortgage industry, 10-year bonds, and more.

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

Disclaimer: There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing in this newsletter is intended to be a trading recommendation for you to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information in this newsletter.

E-Futures International
Introducing our new futures trading software. Trade futures from anywhere in the world. Free live quotes and charts included.

Recommended Trading Tool: E-Futures Chart Patterns

Occasionally in our newsletter, we will feature various tools that we feel may be helpful to you as a trader. This week, we'd like to encourage you, especially if you are a day trader, to take a look at E-Futures Chart Patterns.

Learn about 20 of the most common chart patterns, how to identify them, and what they may mean for your trading. Chart patterns include:

Double Tops
Double Bottoms
Flags
Pennants
Head and Shoulders Tops
Head and Shoulders Bottoms
Triple Tops
Triple Bottoms
Broadening Tops
Broadening Bottoms
Ascending Triangles
Descending Triangles
Symmetrical Triangles
Cup and Handle
Diamond Tops
Diamond Bottoms
Rectangle Tops
Rectangle Bottoms
Rising Wedge
Falling Wedge

E-Futures Chart Patterns are part of E-Futures Private Content. Register once and receive lifetime access for free.

Economic Reports and Expiration Notices

Source: Moore Research Center, Inc.

* 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!

© Copyright 1996-2009 Cannon Trading Co. Inc. All Rights Reserved.

Cannon Trading Co. Inc. is registered with the Commodity Futures Trading Commission and a member of the National Futures Association.

Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.

Questions? Please contact us at 800-454-9572 or online using our contact form.

Cannon Trading Co. Inc.
9301 Wilshire Blvd, Suite 515
Beverly Hills, CA 90210