Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Hope everyone enjoyed their weekend and are ready for the last trading days of 2006 (-:
LEVELS:
| Contract (Dec.. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1429.17 | 1843.17 | 12469 | 816.08 |
| Resistance 2 | 1421.23 | 1827.58 | 12400 | 807.17 |
| Resistance 1 | 1415.87 | 1815.17 | 12349 | 802.33 |
| Pivot | 1407.93 | 1799.58 | 12280 | 793.42 |
| Support 1 | 1402.57 | 1787.17 | 12229 | 788.58 |
| Support 2 | 1394.63 | 1771.58 | 12160 | 779.67 |
| Support 3 | 1389.27 | 1759.17 | 12109 | 774.83 |
| | | | | |
| Contract | Feb. Gold | Dec. Euro | Jan. Crude Oil | March Bonds |
| Resistance 3 | 659.17 | 1.3456 | 63.76 | 115 9/32 |
| Resistance 2 | 655.43 | 1.3414 | 63.28 | 115 1/32 |
| Resistance 1 | 653.17 | 1.3376 | 62.86 | 114 26/32 |
| Pivot | 649.43 | 1.3334 | 62.38 | 114 18/32 |
| Support 1 | 647.17 | 1.3296 | 61.96 | 114 11/32 |
| Support 2 | 643.43 | 1.3254 | 61.48 | 114 3/32 |
| Support 3 | 641.17 | 1.3216 | 61.06 | 113 28/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Dec 5th, 2006
Economic
07:30am Nov Challenger Job Cuts Y/Y (last –14.9%)
08:30am Q3 Final Nonfarm Productivity (last 0.0%), Unit Labor Costs (last 3.8%)
09:00am Bank of Canada Rate decision
10:00am Nov ISM Non-Manufacturing (last 57.1), Oct Factory Orders (last 2.1%)
Events
ICSC/UBSW Chain Store Sales (7:45, last 1.9%). Redbook Retail Sales (8:55, last 3.2%). ARRY, MHP, YUM analyst meetings. Bear Stearns Real Estate conference in NYC through 12/5. Credit Suisse Media/Telecom conference in NYC through 12/7. UBS Global Media conference in NYC through 12/7. Credit Suisse Aerospace & Defense conference in NYC through 12/6. Lehman Brothers Global Technology conference in SF through 12/7. Wachovia Real Estate/Gaming/Lodging conference in NYC through 12/6. ABC Consumer Confidence (last 1). Trading Ex-split: AMED 4-3, FMD 3-2.
Earnings
Before the Open: AZO KR SAFM TOL WWE. After the Close: AGIL CPRT NOVL PLAB.
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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