Cannon Trading Co. Inc.
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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, December 07, 2006

Trading levels and reports for Dec. 8th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Could be a volatile Friday tomorrow as many traders are waiting for the monthly un-employment report.
 
Don't forget we are now trading the MARCH contract for all e-minis.
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1440.67 1855.00 12541 812.17
Resistance 2 1436.33 1843.50 12501 809.33
Resistance 1 1428.67 1822.00 12442 804.42
Pivot 1424.33 1810.50 12402 801.58
Support 1 1416.67 1789.00 12343 796.67
Support 2 1412.33 1777.50 12303 793.83
Support 3 1404.67 1756.00 12244 788.92
         
Contract  Feb. Gold Dec. Euro Jan. Crude Oil March Bonds 
Resistance 3 647.97 1.3372 64.01 114 24/32
Resistance 2 642.73 1.3352 63.33 114 17/32
Resistance 1 639.87 1.3322 62.91 114  9/32
Pivot 634.63 1.3302 62.23 114  2/32
Support 1 631.77 1.3272 61.81 113 26/32
Support 2 626.53 1.3252 61.13 113 19/32
Support 3 623.67 1.3222 60.71 113 11/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Dec 8th, 2006


Economic
08:30am Nov Unemployment Rate (last 4.4%), Change in Nonfarm Payrolls (last 92K), Change in Manufacturing Payrolls (last –39K), Average Hourly Earnings (last 0.4%), Average Weekly Hours (last 33.9)
09:00am RBC Cash Index
10:00am Dec Preliminary U. of Michigan Confidence (last 92.1)
Events
Circulatory System Devices Panel of the Medical Devices Advisory Committee meets at 8:00am. EW, HSC analyst meetings. Trades Ex-dividend: BNI $0.25, FDX $0.09.
Earnings
Before the Open: BKRS. 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 1:10 PM

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