Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
LEVELS:
| Contract (Dec.. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1402.00 | 1804.33 | 12288 | 784.50 |
| Resistance 2 | 1397.10 | 1791.67 | 12246 | 780.75 |
| Resistance 1 | 1392.40 | 1781.33 | 12201 | 777.00 |
| Pivot | 1387.50 | 1768.67 | 12159 | 773.25 |
| Support 1 | 1382.80 | 1758.33 | 12114 | 769.50 |
| Support 2 | 1377.90 | 1745.67 | 12072 | 765.75 |
| Support 3 | 1373.20 | 1735.33 | 12027 | 762.00 |
| | | | | |
| Contract (Dec. 2006) | Dec. Gold | Euro | Dec. Crude Oil | Dec. US Bonds |
| Resistance 3 | 634.0333 | 1.2965 | 60.05 | 113 20/32 |
| Resistance 2 | 630.6667 | 1.2934 | 59.63 | 113 10/32 |
| Resistance 1 | 628.2333 | 1.2881 | 59.10 | 113 2/32 |
| Pivot | 624.8667 | 1.2850 | 58.68 | 112 24/32 |
| Support 1 | 622.4333 | 1.2797 | 58.15 | 112 16/32 |
| Support 2 | 619.0667 | 1.2766 | 57.73 | 112 6/32 |
| Support 3 | 616.6333 | 1.2713 | 57.20 | 111 30/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Nov 14th, 2006
Economic
08:30am Oct Producer Price Index (last –1.3%), PPI Ex Food & Energy (last 0.6%), Advance Retail Sales (last –0.4%), Retail Sales Less Autos (last –0.5%)
10:00am Nov IBD/TIPP Economic Optimism (last 52.4), Sep Business Inventories (last 0.6%)
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.0%). Redbook Retail Sales (8:55, last 3.4%). BBOX, HLIT, IMN, STR analyst meetings. Goldman Sachs and DB Gaming Investment Forum in Las Vegas through 11/14. JPMorgan Small/Midcap conference in Boston through 11/15. Bear Stearns Small/Midcap conference in NYC through 11/15. 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. Fed's Poole speaks on Monetary Policy in Delaware at 12:00pm. Fed's Minehan speaks to Women in Real Estate in Boston at 12:00pm. Fed's Yellen speaks on Community Development in CA at 3:45pm. ABC Consumer Confidence (last -3). Trades Ex-dividend: AVP $0.175, MSFT $0.10.
Earnings
Before the Open: A AEOS BJ CTR DHI ESLT FBST FOSL HD HSOA NAFC NVAX PPC RMX ROC ROST SKS SCHS SPC SPLS TGT TJX WMT. After the Close: ANF ADI ANST ARM BORL DWRI DEIX GG DISK LZB MED PBY SNS WNR.
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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