Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Due to Veterans day Friday, the market will condense two days worth of economic reports into one tomorrow. Busy day, possibly quite volatile.
LEVELS:
| Contract (Dec.. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1407.33 | 1783.33 | 12323 | 791.80 |
| Resistance 2 | 1400.17 | 1774.67 | 12272 | 783.40 |
| Resistance 1 | 1394.73 | 1752.33 | 12233 | 778.20 |
| Pivot | 1387.57 | 1743.67 | 12182 | 769.80 |
| Support 1 | 1382.13 | 1721.33 | 12143 | 764.60 |
| Support 2 | 1374.97 | 1712.67 | 12092 | 756.20 |
| Support 3 | 1369.53 | 1690.33 | 12053 | 751.00 |
| | | | | |
| Contract (Dec. 2006) | Dec. Gold | Euro | Dec. Crude Oil | Dec. US Bonds |
| Resistance 3 | 632.8667 | 1.2883 | 61.59 | 113 6/32 |
| Resistance 2 | 629.8333 | 1.2859 | 60.94 | 112 29/32 |
| Resistance 1 | 624.0667 | 1.2822 | 60.39 | 112 23/32 |
| Pivot | 621.0333 | 1.2798 | 59.74 | 112 14/32 |
| Support 1 | 615.2667 | 1.2761 | 59.19 | 112 8/32 |
| Support 2 | 612.2333 | 1.2737 | 58.54 | 111 31/32 |
| Support 3 | 606.4667 | 1.2700 | 57.99 | 111 25/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Nov 9th, 2006
Economic
07:00am BOE Announcement
08:30am Initial Jobless Claims (last 327K), Oct Import Price Index (last –2.1%), Sep Trade Balance (last -$69.9B)
10:00am Nov Preliminary U. of Michigan Confidence (last 93.6), Sep Wholesale Inventories (last 1.1%)
10:30am Natural Gas Inventories
01:00pm Treasury's 10-year Note Auction results
Events
Dental Products Panel of the Medical Devices Advisory Committee meets at 8:00am. BRCM, CERS, CY, HUM, LXK analyst meeting. Pacific Growth Equities Technology conference in SF through 11/9. FIS replaces LPX in S&P 500 after close of trading. LPX replaces FIS and JNC replaces FNF in S&P Midcap 400. Trades Ex-dividend: BUD $0.295, XOM $0.32, ROK $0.29.
Earnings
Before the Open: AMRI ARII BAS BVF CALP CAMT CRZO CETV CNTY CHIC DK FLO FS GIGM HANS HEW IMAX IFOX JCP KOSP LEE TVL LINC MIC MRGE MGPI MIM RRI TOMO TRGL THS TNP TXU RMIX ULBI URBN VIA.B WTI WON. After the Close: JOBS AIG ANSW AMCC ABTL BRKS CPKI COGO DLB ECLG DIET ENER EXPE EZPW HORC KDE KNTA KSS LGF NFG PXP SMTL SNDA STXS TWW USIH DIS WFII.
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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