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Today was one of the lowest volumes I have seen in stock index futures in 2025! Levels for tomorrow and more on our blog!
Summary Investor sentiment remained solid today after the US and China agreed on a framework for implementing last month's de-escalation agreement in Geneva. President Trump stayed upbeat on the “deal”, but details were sparse, and any agreement is still subject to a final approval on both sides. May CPI spurred buying in both stocks and bonds after coming in significantly cooler than expected across the board. In the service sector, trade-war effects might actually have helped hold prices down due to weakness in tourism, while goods prices showed few adverse effects from tariff increases. At the very least, the figures suggest the Fed likely remains on a path to begin thinking about gradually lowering rates again later this year, while President Trump and others Administration figures continued to argue that Chairman Powell & Co remain woefully behind the curve. A solid 10-year auction result kept downward pressure on Treasury yields, while Bitcoin continued to flirt with the 110K level. Crude prices tracked higher amid growing concerns that Iran does not want to reach an agreement in nuclear talks, and on reports that the US Embassy in Iraq is preparing to evacuate nonessential staff due to 'heightened security risks'.
Cannon Futures Weekly Letter Issue #1246 The Week Ahead - Israel - Iran, Rollover and Juneteenth Futures 102 - Why Trade Bitcoin Futures? Hot Market of the Week - August Unleaded Broker's Trading System of the Week - Live Cattle Swing Trading System Trading Levels for Next Week Trading Reports for Next Week Important Notices: The Week Ahead By John Thorpe, Senior Broker Can the market withstand the civil unrest planned for this weekend in our country? How about the situation in the Middle east with Israel striking Iran nuclear facilities? Stay tuned… Equity Rollover, FOMC, Juneteenth Holiday and the longest day of the year in the northern hemisphere! Roll the Equity Index contracts to September (U) for Monday trading.. Roll your equity index contracts to September (U) eg., ESU25 or EPU25, also this week, due to the Juneteenth holiday, some markets will have reduced hours and others will be closed. Reduced hours include the Equities, Metals, Energies. Since Juneteenth falls on a Thursday, The regularly scheduled EIA Weekly Natural Gas storage report will be released a day earlier: Wed. at the same time as the FOMC rate announcement. 1PM CT. Remember that current market drivers for Equities are hard data on Jobs, Inflation, trump tweets and Geopolitics, clearly the Israel/Iran conflict jumps to the top of the list here. Continued volatility to come as next week all markets will be reacting to whatever comes out of the Israel/Iran conflict, The FRB, U.S. Govt leadership relating to conflicts cessation and trade deals. Therefore, increased volatility expectations with periodic choppiness as the administration Vs the Courts seem to also be in the middle innings of their tariff battle. Earnings Next Week: Mon. Lennar Corp Tue. Jabil Inc Wed. Korn Ferry Thu. Empire LTD Fri. Accenture, Kroger (impending strike in California) FED SPEECHES: (all time CDT) Mon. FED Tues. Black OUT Wed. FOMC Rate Decision 1:00pm CT Powell@1:30 pm CT Thu. Quiet Fri. Quiet Economic Data week: Mon. NY Empire State Manufacturing index, Tue. Retail Sales, RedBook, Capacity Utilization, Business inventories, NAHB Housing market Index Wed. Building Permits, EIA Crude oil stocks, Housing Starts, Initial Jobless Claims, EIA Weekly Nat Gas Storage @ 1:00 pm CT FOMC Rate decision @ 1:00 pmCT, FOMC Economic Projections, Thur. JUNETEENTH Natl Holiday Fri. Philly Fed, CB Leading indicators
Tomorrow we have FOMC with rate decision at 1 PM Central and statement at 1:30 pm Central. Trading stock index futures on FOMC days calls for a measured, highly selective approach. The market tends to drift into a low-volume “vacuum” in the hours leading up to the announcement, where exaggerated price moves can occur without conviction. This is not the time to force entries—no trade is better than a bad trade. It’s critical to anticipate these zigzag patterns and avoid being lured into false signals. Reducing trading size is one of the smartest ways to manage risk on these days—volatility spikes can magnify both gains and losses, and scaling down helps preserve capital and composure. Once the FOMC statement hits the wire, the real storm begins. Price action can whipsaw violently as traders digest the language and implications for interest rates. This is when patience pays off. Choosing entry points wisely—often by waiting for post-announcement patterns to stabilize—can mean the difference between catching a favorable trend and getting caught in the chop. Discipline is everything: tight setups, controlled size, and a willingness to sit on your hands if conditions aren’t ideal can make all the difference. The FOMC isn’t a lottery—it’s a test of focus and restraint.