Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Tomorrow is the last trading day for Oct. I suspect we may finally see some profit taking, although the way this market has been acting....you never know.
LEVELS:
| Contract (Dec.. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1394.73 | 1780.00 | 12228.67 | 790.52 |
| Resistance 2 | 1390.77 | 1763.00 | 12191.33 | 783.13 |
| Resistance 1 | 1386.83 | 1755.00 | 12155.67 | 778.52 |
| Pivot | 1382.87 | 1738.00 | 12118.33 | 771.13 |
| Support 1 | 1378.93 | 1730.00 | 12082.67 | 766.52 |
| Support 2 | 1374.97 | 1713.00 | 12045.33 | 759.13 |
| Support 3 | 1371.03 | 1705.00 | 12009.67 | 754.52 |
| | | | | |
| Contract (Dec. 2006) | Dec. Gold | Euro | Dec. Ten Years | Dec. US Bonds |
| Resistance 3 | 621.2000 | 1.2819 | 108 2/32 | 112 12/32 |
| Resistance 2 | 617.2000 | 1.2795 | 107 31/32 | 112 6/32 |
| Resistance 1 | 612.3000 | 1.2780 | 107 28/32 | 112 2/32 |
| Pivot | 608.3000 | 1.2756 | 107 25/32 | 111 28/32 |
| Support 1 | 603.4000 | 1.2741 | 107 21/32 | 111 24/32 |
| Support 2 | 599.4000 | 1.2717 | 107 18/32 | 111 18/32 |
| Support 3 | 594.5000 | 1.2702 | 107 15/32 | 111 14/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Oct 31st, 2006
Economic
08:30am Q3 Employment Cost Index (last 0.9%)
10:00am Oct Chicago Purchasing Manager Index (last 62.1), Consumer Confidence (last 104.5)
Events
ICSC/UBSW Chain Store Sales (7:45, last 0.0%). Redbook Retail Sales (8:55, last 3.4%). CSG, SFUN analyst meetings. ABC Consumer Confidence (last -7). STRA replaces MIK in S&P Midcap 400 after the close.
Earnings
Before the Open: ASVI AGR AL LNT AEP ADM ASTSF ADP BIIB BJS BLT BVN CE CHTR CKP CTCM CMI DRAD EK ETR EOP FDP FTD FCN IT GBX GPI HAE HSII HLT ITWO INFS IACI IRM KSU KNDL KRC LEXG LTR LZ MRO MSO MLM MAS MCGC MINI TAP NNDS OCR ORCT VITA OSK PER PRGO PNC PCH POZN PPL PG Q RRA RBC RIMG RDC RCL SAFC SGK SGR SINT SSCC SAH JOE STTX SSYS THOR TRMP X UAUA UARM VLO VTRU VSH VC VTAL VG. After the Close: ACAS AVR BIDU BBOX CEC CMG CCUR CORI CVTX DWA EXP EAC EOG EQY GOLF HIH SOLD IINT ISSI KFRC XPRT LNC LAD MCK NAL OII PZZA KWK REDE SMI STAA SGY TWPG URI.
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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