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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, November 21, 2006

Trading levels and reports for Nov. 22nd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Please visit: http://www.cannontrading.com/news/newsletter.php#one for trading hours and schedule for Tomorrow and Friday due to Thanksgiving holiday.
 
I will be in tomorrow but wont be in the office Friday. I would like to wish everyone a happy Thanksgiving with their families and loved ones.
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1410.07 1827.83 12413 802.17
Resistance 2 1408.13 1821.67 12390 798.58
Resistance 1 1406.67 1817.33 12367 796.67
Pivot 1404.73 1811.17 12344 793.08
Support 1 1403.27 1806.83 12321 791.17
Support 2 1401.33 1800.67 12298 787.58
Support 3 1399.87 1796.33 12275 785.67
         
Contract (Dec. 2006) Dec. Gold Euro Jan. Crude Oil Dec. US Bonds 
Resistance 3 634.40 1.2946 62.11 113 25/32
Resistance 2 631.70 1.2909 61.26 113 16/32
Resistance 1 630.20 1.2888 60.71 113 10/32
Pivot 627.50 1.2851 59.86 113  1/32
Support 1 626.00 1.2830 59.31 112 27/32
Support 2 623.30 1.2793 58.46 112 18/32
Support 3 621.80 1.2772 57.91 112 12/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Nov 22nd, 2006


Economic
08:30am Initial Jobless Claims (last 308K)
10:00am Nov Final U. of Michigan Confidence (last 92.3)
10:30am Crude Oil/Gasoline/Distillate Inventories
12:00pm Natural Gas Inventories
Events
MBA Mortgage Applications (7:00, last 4.3%). Bond Markets recommend early close at 2:00pm. Trades Ex-dividend: NOC $0.30.
Earnings
Before the Open: HRL PDCO POSS. After the Close: None.

Thursday, Nov 23rd, 2006


Economic
None
Events
None
Earnings
None

Friday, Nov 24th, 2006


Economic
None
Events
Equity markets early close at 1:00pm. Bond Markets recommend early close at 2:00pm. Trades Ex-dividend: JNJ $$0.375.
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 4:39 PM

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