Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Full day of economic reports tomorrow!
LEVELS:
| Contract (Dec.. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1415.33 | 1830.17 | 12413 | 810.17 |
| Resistance 2 | 1410.47 | 1821.33 | 12370 | 803.83 |
| Resistance 1 | 1406.23 | 1811.17 | 12332 | 799.42 |
| Pivot | 1401.37 | 1802.33 | 12289 | 793.08 |
| Support 1 | 1397.13 | 1792.17 | 12251 | 788.67 |
| Support 2 | 1392.27 | 1783.33 | 12208 | 782.33 |
| Support 3 | 1388.03 | 1773.17 | 12170 | 777.92 |
| | | | | |
| Contract (Dec. 2006) | Dec. Gold | Euro | Dec. Crude Oil | Dec. US Bonds |
| Resistance 3 | 637.53 | 1.2933 | 60.12 | 113 25/32 |
| Resistance 2 | 631.67 | 1.2895 | 59.73 | 113 17/32 |
| Resistance 1 | 627.73 | 1.2871 | 59.25 | 113 5/32 |
| Pivot | 621.87 | 1.2833 | 58.86 | 112 29/32 |
| Support 1 | 617.93 | 1.2809 | 58.38 | 112 17/32 |
| Support 2 | 612.07 | 1.2771 | 57.99 | 112 9/32 |
| Support 3 | 608.13 | 1.2747 | 57.51 | 111 29/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Nov 16th, 2006
Economic
08:30am Initial Jobless Claims (last 308K), Oct Consumer Price Index (last –0.5%), CPI Ex Food & Energy (last 0.2%), CPI NSA (last 202.9)
09:00am Sep Net Foreign Security Purchases (last $116.8B)
09:15am Oct Industrial Production (last –0.6%), Capacity Utilization (last 81.9%)
10:30am Natural Gas Inventories
12:00pm Nov Philadelphia Fed (last –0.7)
13:00pm Nov NAHB Housing Market Index (last 31)
Events
Immunology Devices Panel of the Medical Devices Advisory Committee meets at 8:00am. Pediatric Advisory Committee meets at 8:00am. Fed's Pianalto gives Welcome Remarks at conference in Cleveland at 8:45am. Fed's Kroszner speaks about Fed Policy in the Face of Crises in DC at 9:10am. UBS Global Communications/Technology conference in NYC through 11/16. Morgan Stanley Global Consumer/Retail conference in NYC through 11.16. Merrill Lynch Banking/Financial Services conference in NYC through 11/16. BofA Energy conference in Florida through 11/17. Lehman Small Cap conference in CA through 11/17. CSFB Healthcare conference in Phoenix through 11/17. Fed's Moskow speaks on Economic Outlook in Chicago at 10:00am. Vaccines and Related Biological Products Advisory Committee meets at 1:00pm. Trades Ex-dividend: HON $0.227, MCO $0.07.
Earnings
Before the Open: BKS BIG BRC CMRG PLCE CLE DEBS GKIS GMCR HP HB KLIC MDTH NWY PTRY SHLD SHMR SCVL SSI SMRT SPH WTSLA ZLC. After the Close: AD BBA CPWM DELL DITC EGLT FL GPS HPQ HIBB HRAY INTU LTXX MRVL MSCC SANM SBUX.
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.
0 Comments:
Post a Comment
<< Home