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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, October 30, 2006

Trading levels and reports for oct 30th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Pay attention to intraday volume spikes. So far this bull rally been characterized by intraday lows correlated to spike in volume.
 
LEVELS:
 

Contract (Dec.. 2006)

SP500 (big & Mini)

Nasdaq100 (big & Mini)

Dow Jones (big & Mini)

Mini Russell

Resistance 3

1401.93

1780.00

12261.33

787.83

Resistance 2

1397.07

1766.50

12225.67

783.67

Resistance 1

1390.93

1749.00

12181.33

776.83

Pivot

1386.07

1735.50

12145.67

772.67

Support 1

1379.93

1718.00

12101.33

765.83

Support 2

1375.07

1704.50

12065.67

761.67

Support 3

1368.93

1687.00

12021.33

754.83

Contract (Dec. 2006)

Dec. Gold

Euro

Dec. Ten Years

Dec. US Bonds

Resistance 3

610.0333

1.2893

108 5/32

112 19/32

Resistance 2

606.2667

1.2838

107 31/32

112 9/32

Resistance 1

603.6333

1.2806

107 28/32

112 2/32

Pivot

599.8667

1.2751

107 22/32

111 24/32

Support 1

597.2333

1.2719

107 19/32

111 17/32

Support 2

593.4667

1.2664

107 13/32

111 7/32

Support 3

590.8333

1.2632

107 10/32

111

 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, Oct 30th, 2006


Economic
08:30am Sep Personal Income (last 0.3%), Personal Spending (last 0.1%), PCE Deflator Y/Y (last 3.2%), PCE Core (last 0.2%)
Events
Fed's Lacker speaks on Monetary Policy in Baltimore at 8:30am. Fed's Moskow gives welcome remarks at Education conference in Chicago at 9:15am. WSO analyst meeting. Trades Ex-dividend: EK $0.25.
Earnings
Before the Open: ALE AU ARJ ASH BEAV BLK BWP BDB ECLP FPL GEHL GBBK HCP HEP HRZ HUM KIM LANC MPWR NTE NCOG OTTR RDWR RSG SKYW SPSX SYY TRI VLI VZ. After the Close: ACTS ADPT KAR ABCO AD ALO ATRS AMMD AXS BLKB NILE CBM CACS OFC CVA DIVX ENTU FARO BGC GOL GW HIFN HYDL INSU INTX IVAC JKHY KRON MET MSPD NWRE NXG NGPS ODSY OIS ASGN OPEN PKY PRAA PPS PFG RACK RNR RCII SVNT SONO SPNC SPN SBL TNL TXRH UDR VMC WLL WMS.
 
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 11:10 AM

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