Trading levels and reports for Nov 1st
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Dear Trader,
A bit more volatility today. Market is taking a small break from it's amazing run for the month of October and taking a wait and see approach to Friday's job report as well as the Nov. 7th election.
I hope everyone will have a great trading month in November.
LEVELS:
| Contract (Dec.. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1396.83 | 1768.17 | 12239.67 | 786.17 |
| Resistance 2 | 1391.97 | 1758.83 | 12192.33 | 781.33 |
| Resistance 1 | 1386.83 | 1749.67 | 12148.67 | 775.17 |
| Pivot | 1381.97 | 1740.33 | 12101.33 | 770.33 |
| Support 1 | 1376.83 | 1731.17 | 12057.67 | 764.17 |
| Support 2 | 1371.97 | 1721.83 | 12010.33 | 759.33 |
| Support 3 | 1366.83 | 1712.67 | 11966.67 | 753.17 |
| Contract (Dec. 2006) | Dec. Gold | Euro | Dec. Ten Years | Dec. US Bonds |
| Resistance 3 | 619.3667 | 1.2943 | 108 28/32 | 113 23/32 |
| Resistance 2 | 614.3333 | 1.2880 | 108 18/32 | 113 6/32 |
| Resistance 1 | 610.5667 | 1.2838 | 108 12/32 | 112 30/32 |
| Pivot | 605.5333 | 1.2775 | 108 2/32 | 112 13/32 |
| Support 1 | 601.7667 | 1.2733 | 107 29/32 | 112 5/32 |
| Support 2 | 596.7333 | 1.2670 | 107 19/32 | 111 20/32 |
| Support 3 | 592.9667 | 1.2628 | 107 13/32 | 111 12/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, Nov 1st, 2006
Economic
08:15am Oct ADP Employment Change (last 78K)
09:00am Treasury's 3- & 10-year Note announcements
10:00am Oct ISM Manufacturing (last 52.9), ISM Prices Paid (last 61.0), Sep Construction Spending (last 0.3%), Pending Home Sales (last 4.3%)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last 0.5%). Susquehanna Emerging Trends conference in NYC. Goldman Sachs Global Capital Goods conference in NYC through 11/2. Keefe Bruyette Woods Securities Brokerage conference in NYC through 11/2. Merrill Lynch Global Energy conference in NYC through 11/2. Oct Total Vehicle Sales (last 16.6M); Domestic Vehicle Sales (last 12.9M). Fed's Bernanke speaks on Community Development in DC at 1:00pm. After the Close - AEOS ARO HOTT MW ZUMZ. Trades Ex-dividend: AA $0.15, MER $0.25, NSC $0.18.
Earnings
Before the Open: ASF AG ALXN AGN ANPI WTR AVA BEC BXC BCO BRNC BKC FUN CRDN CI CINF CLX CAM DVA DNR DVN D EFD ENB EQR EEE FRP GRMN GMR GWR HOC HOS ICON IFS IDCC JLL KNXA LAZ MMP MKTX MMC MA MWV MYL BABY NEM NICE GAS NJR NBL OGE ZEUS PMTC PKD PTEN PXD POP PEG SVM SBGI SPW SHOO SUNH SUP TWX TWP TRW UPL WLSC SYN ZBRA. After the Close: TFSM SW DOX AHS ANDE ANSR AOC AIZ ACLS RNT BMRN BRW CBT CAI ELY CBOU CBEY COHR FIX CNO CTRX XRAY DIOD BOOM DRCO EDS FIC FEIC FMC FNDT GPRO GFIG GIVN GSF GES GTRC GMRK INSP IN ITRI JH KND KYPH LBS LTBG MXIM MSSR MRN MIL NHP NLS NUCO OIIM OKE OPNT OSUR PVR PVA PLXS POL PBH PRU PWEI QDEL RTSX COL RUTH SCUR SWKS SMSI SFN SPSS SRX STXN SUN STKL SUPG SRDX SMA TK TNS TRN TTMI UHCO UNM VCLK VARI VNUS WRNC WCAA WCG.
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
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!
Sincerely,
Ilan Levy-Mayer, M.B.A
Vice President
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* Important Please Note:
Trading commodity futures and options involves substantial risk of loss.
The recommendations 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.
posted by Cannon Trading at 1:08 PM
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