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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, December 11, 2006

Trading levels and reports for Dec. 12th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
FOMC tomorrow. I try my best to be out of the market 15 minutes before the release and stay out for at least 10 minutes after the release since the both stock indices and treasuries can get a bit crazy during that time......
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1437.10 1853.00 12500 810.22
Resistance 2 1433.10 1840.00 12475 806.73
Resistance 1 1429.80 1827.50 12451 804.22
Pivot 1425.80 1814.50 12426 800.73
Support 1 1422.50 1802.00 12402 798.22
Support 2 1418.50 1789.00 12377 794.73
Support 3 1415.20 1776.50 12353 792.22
         
Contract  Feb. Gold Dec. Euro Jan. Crude Oil March Bonds 
Resistance 3 644.40 1.3484 63.00 114 18/32
Resistance 2 639.80 1.3403 62.57 114  7/32
Resistance 1 637.30 1.3351 61.90 113 31/32
Pivot 632.70 1.3270 61.47 113 20/32
Support 1 630.20 1.3218 60.80 113 12/32
Support 2 625.60 1.3137 60.37 113  1/32
Support 3 623.10 1.3085 59.70 112 25/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Dec 12th, 2006


Economic
08:30am Oct Trade Balance (last -$64.3B)
10:00am Dec IBD/TIPP Economic Optimism (last 55.7)
02:00pm Nov Monthly Budget Statement (last -$83.1B)
02:15pm FOMC Rate Decision Expected
Events
ICSC/UBSW Chain Store Sales (7:45, last 0.8%). Redbook Retail Sales (8:55, last 2.4%). APC, GPRO, HPQ, SMG, SWY, UAUA, WLP, WYN analyst meetings. ABC Consumer Confidence (last -1). Trading Ex-split: EMR 2-1, EZPW 3-1.
Earnings
Before the Open: BBY DG GS. After the Close: ABM ADCT CKR COO CPII MATK TUTR.
 
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 1:14 PM

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