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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, October 05, 2006

Trading levels and reports for

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Monthly unemployment tomorrow can be a big market mover for both indices and Bonds. Look out for higher volatility.
 
On a different note, I will be out of the office from Monday Oct 9th and returning to work Friday morning, Oct. 13th.
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1370.67 1725.17 12000.67 763.33
Resistance 2 1366.93 1715.58 11970.33 756.27
Resistance 1 1363.97 1709.17 11948.67 752.63
Pivot 1360.23 1699.58 11918.33 745.57
Support 1 1357.27 1693.17 11896.67 741.93
Support 2 1353.53 1683.58 11866.33 734.87
Support 3 1350.57 1677.17 11844.67 731.23
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Ten Years  Dec. US Bonds 
Resistance 3 586.2000 1.2826 108 26/32 113 16/32
Resistance 2 582.5000 1.2800 108 22/32 113  7/32
Resistance 1 579.0000 1.2771 108 15/32 112 27/32
Pivot 575.3000 1.2745 108 10/32 112 18/32
Support 1 571.8000 1.2716 108  3/32 112  6/32
Support 2 568.1000 1.2690 107 31/32 111 29/32
Support 3 564.6000 1.2661 107 24/32 111 17/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Oct 6th, 2006


Economic
08:30am Sep Unemployment Rate (last 4.7%), Change in Nonfarm Payrolls (last 128K), Change in Manufact. Payrolls (last –11K), Average Hourly Earnings (last 0.1%), Average Weekly Hours (last 33.8)
09:00am RBC Cash Index
03:00pm Aug Consumer Credit (last $5.5B)
Events
Advisory Committee for Pharmaceutical Science meeting at 8:30am through Oct. 6th. Trading Ex-split: DRQ 2-1.
Earnings
None
 
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 1:21 PM

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