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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, November 16, 2006

Trading levels and reports for Nov. 17th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
While stock index futures were pretty choppy today/narrow range, bonds and crude oil experienced volatile sessions.
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1413.20 1832.00 12450 803.83
Resistance 2 1410.50 1822.50 12404 800.92
Resistance 1 1407.40 1816.00 12375 796.83
Pivot 1404.70 1806.50 12329 793.92
Support 1 1401.60 1800.00 12300 789.83
Support 2 1398.90 1790.50 12254 786.92
Support 3 1395.80 1784.00 12225 782.83
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Crude Oil Dec. US Bonds 
Resistance 3 634.67 1.2912 61.41 114 10/32
Resistance 2 631.83 1.2888 60.35 113 27/32
Resistance 1 626.77 1.2852 58.31 113  2/32
Pivot 623.93 1.2828 57.25 112 19/32
Support 1 618.87 1.2792 55.21 111 26/32
Support 2 616.03 1.2768 54.15 111 11/32
Support 3 610.97 1.2732 52.11 110 18/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Nov 17th, 2006


Economic
08:30am Oct Housing Starts (last 1.77M), Building Permits (last 1.64M)
09:00am RBC Cash Index
Events
IWOV, MCU, RFMD, SMOD analyst meetings. Fed's Pianalto gives Welcome Remarks at conference in Cleveland at 8:45am. 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.
Earnings
Before the Open: ANN CTRN SJM KIRK LTON. After the Close: 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 1:18 PM

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