Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
FOMC rate decision tomorrow. For more information on FOMC please visit:
LEVELS:
| Contract (Dec.. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1394.23 | 1761.00 | 12246.67 | 775.08 |
| Resistance 2 | 1389.77 | 1750.00 | 12214.33 | 771.67 |
| Resistance 1 | 1387.13 | 1738.00 | 12194.67 | 769.58 |
| Pivot | 1382.67 | 1727.00 | 12162.33 | 766.17 |
| Support 1 | 1380.03 | 1715.00 | 12142.67 | 764.08 |
| Support 2 | 1375.57 | 1704.00 | 12110.33 | 760.67 |
| Support 3 | 1372.93 | 1692.00 | 12090.67 | 758.58 |
| | | | | |
| Contract (Dec. 2006) | Dec. Gold | Euro | Dec. Ten Years | Dec. US Bonds |
| Resistance 3 | 605.4000 | 1.2672 | 106 30/32 | 110 13/32 |
| Resistance 2 | 597.2000 | 1.2643 | 106 28/32 | 110 10/32 |
| Resistance 1 | 592.4000 | 1.2620 | 106 26/32 | 110 7/32 |
| Pivot | 584.2000 | 1.2591 | 106 24/32 | 110 4/32 |
| Support 1 | 579.4000 | 1.2568 | 106 22/32 | 110 1/32 |
| Support 2 | 571.2000 | 1.2539 | 106 20/32 | 109 30/32 |
| Support 3 | 566.4000 | 1.2516 | 106 18/32 | 109 27/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, Oct 25th, 2006
Economic
10:00am Sep Existing Home Sales (last 6.30M)
10:30am Crude Oil/Gasoline/Distillate Inventories
02:15pm FOMC Rate Decision expected
Events
MBA Mortgage Applications (7:00, last –2.2%%). BSX, EW analyst meetings.
Earnings
Before the Open: ABY AMG APD ARG ALA ALGN ATI MO ABK AMED ABI ACAT ARW ASIA ASPM ATMI AUO AVX BELM BMS BA CACH CRA CTEC CBR CNH CL CVGI CVG CFR DADE DCX ELN ECA EL EEFT FE FORR GM HET HES IHP IMCL ISE ILSE JCI JNY KMT LCRY LIFC LECO MPX MAS MDP MNC MNST MCO NSC NYB PAS PFCB PLUG PRAI PX RSH RGS RAI RES R SEE SPIL SSCC SNWL TASR TECH TFX MDCO TMO TDW TKR TUP UIS UMC BER WAB WMI WLP WY YCC. During Trading Hours: BUD EGN. After the Close: ABAX ACTU ACXM AEA AEIS AFFX ASCA APPB ARNA ARBA ARRS AVB BEBE EPAY BYD BOBJ CDNS CRUS CLF CYH CLB CVD CCI CYTC DGIN EPIC EQIX EXFO FNF FORM GDI ROCK GGG GSIC HAR HLIT HRS HXL KTO KEX KOMG LFG LOOP LSI LMNX MTSN MENT MTH MCHP MIPS MOBE MCRI MRH NABI NARA NVT NETL NEU NEWP NUVA OSI OMI PACR PRXL PCTI PDFS PNSN PHRM PFWD PYX PSYS PHM RARE RNOW SFNT SMDI SKX SNA STTS STNR SRCL SWFT SYMC SMBI TALX TCO TTEC TSCO TQNT TYL USPI VAR WOOF WSH GB WMGI ZMH ZIGO.
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.
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