Trading levels and reports for Oct. 26th
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Another FOMC is behind us.....from experience I have noticed that sometimes the big moves happen the day after the meeting.
Next FOMC will take place next year....Jan 30th and 31st of 2007.
LEVELS:
| Contract (Dec.. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1400.10 | 1766.00 | 12291.00 | 786.08 |
| Resistance 2 | 1394.80 | 1753.50 | 12243.00 | 779.67 |
| Resistance 1 | 1392.00 | 1747.00 | 12216.00 | 776.33 |
| Pivot | 1386.70 | 1734.50 | 12168.00 | 769.92 |
| Support 1 | 1383.90 | 1728.00 | 12141.00 | 766.58 |
| Support 2 | 1378.60 | 1715.50 | 12093.00 | 760.17 |
| Support 3 | 1375.80 | 1709.00 | 12066.00 | 756.83 |
| Contract (Dec. 2006) | Dec. Gold | Euro | Dec. Ten Years | Dec. US Bonds |
| Resistance 3 | 607.7000 | 1.2740 | 107 23/32 | 111 22/32 |
| Resistance 2 | 601.0000 | 1.2700 | 107 14/32 | 111 7/32 |
| Resistance 1 | 595.9000 | 1.2670 | 107 8/32 | 110 31/32 |
| Pivot | 589.2000 | 1.2630 | 106 31/32 | 110 16/32 |
| Support 1 | 584.1000 | 1.2600 | 106 26/32 | 110 8/32 |
| Support 2 | 577.4000 | 1.2560 | 106 17/32 | 109 25/32 |
| Support 3 | 572.3000 | 1.2530 | 106 11/32 | 109 17/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Oct 26th, 2006
Economic
08:30am Initial Jobless Claims (last 299K), Sep Durable Goods Orders (last –0.5%), Durables Ex Transportation (last –2.0%)
10:00am Sep New Home Sales (last 1.05M), Help Wanted Index (last 31)
10:30am Natural Gas Inventories
01:00pm Treasury's 5-year Note auction results
Events
FLEX, HB, ORCL analyst meetings. Susquehanna Consumer Focus conference in NYC. Fed's Geithner speaks on Central Banking in Global Economy in NYC at 9:00am. Fed's Kroszner speaks at Bank Regulation conference in DC at 12:20pm. Fed's Stern on a panel at World Bank Conference in DC at 4:10pm.
Earnings
Before the Open: FLWS EYE AET AEM AAI ACV AHM ANDW APA AHG AZN AN AVT BLL RATE BDC BDK BOW BMY BW BG CCMP CRR CRS POS CCBL CDI CELG CCE CMCSA CNMD COP CNX CSGP COT CVNS DTPI DOW ECIL EEEE EMCI EME EQT FR FMD FLIR RAIL FRNT FBN GVHR GISX GGL GR HC HSC HHS HCR HTV ICTG IKN IDC SFI ESI JNS JAH KBAY K KEM KNDL KEYS KSWS LLL LMS LNCE LEA LII LTM LIZ LKQX LYTS LYO MHO MATR MBI MEDI MEH MLNM MKSI MPS NCI NURO NWL EGOV NIHD NYX CHUX ODFL PMTI PXR PCCC PENN PCZ PDS PLD QLTI RVSN RRA RTN RGC RJET RESP SFUN SMG SEPR SO S STA HOT STRA SU SYPR TSM TDY TEX PNX TOC TLGD TUES LCC UST VCI VDSI WSO WMAR WEC XEL. During Trading Hours: COG THI WEN. After the Close: ARDI RNT AATI ATG AKAM MDRX AGP AMIS ANEN ARTC AVID BSTE BJRI BDN BFAM BLDR CALD CSH CLS CHE CB COHU COLM CTV CPWR CNXT CW DRIV DTAS DSCM EMN ELX EXTR FALC FI FOXH GMST GNW GGC GOL HIG HIFN HITT IKAN INGR ITMN IWOV ISRG IVGN IRBT KCP FSTR LSCC LAVA MEE MFE WFR MRCY MMSI MCRL MCRS MSFT MTX MHK NTGR NFX NEXT OLN ONN ORCC OPWV OPLK OI PSEM PKI PXLW PLAY PDE STR RADS RSYS RVBD ROP SCSC SCRX SWIR SIAL SIMG SIMO SOHU SNCI SPF SUNW SPRT SYMM TGI TMWD UHS VSEA VTR VRTX EICU VLCM WEBX WEBM YRCW.
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 1:32 PM
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