Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
New intraday high on the Dow and looks like the cash is closing right around the 12,000 mark. If I had to guess on the path of least resistance, I would say up.......
LEVELS:
| Contract (Dec.. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1391.80 | 1757.50 | 12196.67 | 787.17 |
| Resistance 2 | 1386.00 | 1746.00 | 12147.33 | 782.23 |
| Resistance 1 | 1379.40 | 1730.00 | 12094.67 | 775.62 |
| Pivot | 1373.60 | 1718.50 | 12045.33 | 770.68 |
| Support 1 | 1367.00 | 1702.50 | 11992.67 | 764.07 |
| Support 2 | 1361.20 | 1691.00 | 11943.33 | 759.13 |
| Support 3 | 1354.60 | 1675.00 | 11890.67 | 752.52 |
| | | | | |
| Contract (Dec. 2006) | Dec. Gold | Euro | Dec. Ten Years | Dec. US Bonds |
| Resistance 3 | 602.4000 | 1.2661 | 107 19/32 | 111 18/32 |
| Resistance 2 | 600.2000 | 1.2631 | 107 13/32 | 111 8/32 |
| Resistance 1 | 596.4000 | 1.2601 | 107 9/32 | 111 1/32 |
| Pivot | 594.2000 | 1.2571 | 107 3/32 | 110 23/32 |
| Support 1 | 590.4000 | 1.2541 | 106 31/32 | 110 16/32 |
| Support 2 | 588.2000 | 1.2511 | 106 25/32 | 110 6/32 |
| Support 3 | 584.4000 | 1.2481 | 106 21/32 | 109 31/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Oct 19th, 2006
Economic
08:30am Initial Jobless Claims (last 308K)
10:00am Sep Leading Indicators (last –0.2%)
10:30am Natural Gas Inventories
11:00am Treasury's 2-year and 5-year Note and 5-year TIPS funding announcements
12:00pm Oct Philadelphia Fed (last –0.4)
Events
Clinical Pharmacology Subcommittee of the Advisory Committee for Pharmaceutical Science meets at 8:30am through 10/19. Antiviral Drugs Advisory Committee meets at 8:00am through 10/20. DB Fall Energy Symposium in Newport through 10/20. Fed's Poole gives Welcome Remarks at Economic Policy conference in St. Louis at 9:45am. Trades Ex-dividend: GS $0.35.
Earnings
Before the Open: AME ARB AVCI AVCT BAC BK BAX BBT BLC BHE BGG BBW CHKP CHZ C KO CMA CAL CY DHR DJ ELNK LLY ENDP EFX EXR FCS FITB GNTX GHL HSY HNI HON HBAN IEX IONA KNSY KVHI LRW LSTR ERIC MHP MMR NDAQ NYT NE NOK NVS NUE OXPS BTU PFE PPG DGX RS RLI ROH SAP POOL SHW SLGN SLM LUV SPWR SY TXT TMK TRB UTEK UNP UNH USAP UPS VIGN VTNC WYE. After the Close: AH BRCM CAMD CLDN CERN CHRT CREE CYT EW FNB FBC FSL GOOG HYSL INFA LAUR LEG MOLX OO PKTR PMCS PGI RMBS RBAK RHI SNDK SIRF STMP SYNA TPX VRSN XLNX ZL ZHNE.
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.
0 Comments:
Post a Comment
<< Home