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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, October 23, 2006

Trading levels and reports for Oct 23rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Big week ahead. Lots of earnings, economic reports and one day FOMC meeting.
 
Extreme overnight action suggessts we should see higher volatility today.
 
Plan your trade and trade your plan!
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1382.70 1743.17 12133.33 780.03
Resistance 2 1379.10 1733.33 12096.67 776.67
Resistance 1 1377.00 1726.17 12073.33 770.98
Pivot 1373.40 1716.33 12036.67 767.62
Support 1 1371.30 1709.17 12013.33 761.93
Support 2 1367.70 1699.33 11976.67 758.57
Support 3 1365.60 1692.17 11953.33 752.88
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Ten Years  Dec. US Bonds 
Resistance 3 609.6000 1.2718 107 10/32 111     
Resistance 2 606.2000 1.2698 107  7/32 110 28/32
Resistance 1 601.3000 1.2676 107  4/32 110 24/32
Pivot 597.9000 1.2656 107  1/32 110 20/32
Support 1 593.0000 1.2634 106 30/32 110 16/32
Support 2 589.6000 1.2614 106 27/32 110 12/32
Support 3 584.7000 1.2592 106 24/32 110  8/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, Oct 23rd, 2006


Economic
01:00pm Treasury's 5-year TIPS auction results
Events
PEP, WMT analyst meeting. Sanders Morris Harris Middle Market Investor Growth conference in NYC through 10/24.
Earnings
Before the Open: ALDN ABFS ASTE T ETH F HAL HAS KMB MDU FLSH PETS SLAB WFT XRX. During Trading Hours: AXP. After the Close: ACL AMGN ATHR BRO BUCY CNET DSPG DST RE FDC FSH FWRD GRP HPC IIVI JDAS KFT LNCR NATI NFLX PTV PRE PBI PCL RADN RCRC ROK SLG SWN TXN XPRSA UCCT VECO VPRT VLTR WCN.
 
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 6:06 AM

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