Cannon Trading Co. Inc.
We believe. The next frontier in futures trading.
Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for our Email Newsletter
For Email Marketing you can trust

Cannon Trading Futures Blog: Daily Support and Resistance Levels: Archive

Links Previous Posts Archives

Futures Blog - Cannon Trading Daily Support and Resistance Levels

Powered by Blogger

Cannon Trading Futures Blog: Daily Support and Resistance Levels - RSS Feed

Thursday, November 30, 2006

Trading levels and reports for Dec 1st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Hope December will be a great month for everyone!
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1422.10 1826.33 12424 802.33
Resistance 2 1415.30 1815.17 12361 796.77
Resistance 1 1409.30 1805.33 12307 791.88
Pivot 1402.50 1794.17 12244 786.32
Support 1 1396.50 1784.33 12190 781.43
Support 2 1389.70 1773.17 12127 775.87
Support 3 1383.70 1763.33 12073 770.98
         
Contract  Feb. Gold Dec. Euro Jan. Crude Oil March Bonds 
Resistance 3 664.10 1.3441 64.74 115  7/32
Resistance 2 659.30 1.3364 64.24 114 26/32
Resistance 1 656.10 1.3308 63.69 114 19/32
Pivot 651.30 1.3231 63.19 114  6/32
Support 1 648.10 1.3175 62.64 113 31/32
Support 2 643.30 1.3098 62.14 113 18/32
Support 3 640.10 1.3042 61.59 113 11/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Dec 1st, 2006


Economic
10:00am Nov ISM Manufacturing (last 51.2), ISM Prices Paid (last 47.0), Oct Construction Spending (last –0.3%)
Events
Fed's Bernanke gives welcome remarks at Monetary Policy Conference at 9amET. Fed's Plosser gives opening remarks at Conference at 9:30amET. Fed's Moskow on US Economic Outlook at 1pmET. Fed's lacker on regulators at 1:45pmET. ITW analyst meeting. CSFB Technology conference in Scottsdale through 12/1. Piper Jaffray Healthcare conference in NYC through 12/1. November total Vehicle Sales (last 16.2M). Domestic Vehicle Sales (last 12.4M). Trading Ex-split: EAT 3-2.
Earnings
Before the Open: KWD WMG. 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. 
 

Tuesday, November 28, 2006

Trading levels and reports for Nov 29th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1403.10 1812.67 12269 787.17
Resistance 2 1396.70 1799.83 12222 782.08
Resistance 1 1392.80 1791.67 12189 779.17
Pivot 1386.40 1778.83 12142 774.08
Support 1 1382.50 1770.67 12109 771.17
Support 2 1376.10 1757.83 12062 766.08
Support 3 1372.20 1749.67 12029 763.17
         
Contract (Dec. 2006) Dec. Gold Euro Jan. Crude Oil Dec. US Bonds 
Resistance 3 650.37 1.3342 62.19 114 26/32
Resistance 2 645.83 1.3283 61.70 114 16/32
Resistance 1 641.57 1.3251 61.34 114  6/32
Pivot 637.03 1.3192 60.85 113 28/32
Support 1 632.77 1.3160 60.49 113 18/32
Support 2 628.23 1.3101 60.00 113  8/32
Support 3 623.97 1.3069 59.64 112 30/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Nov 29th, 2006


Economic
08:30am Q3 Preliminary GDP Annualized (last 1.6%), GDP Price Index (last 1.8%), Personal Consumption (last 3.1%), Core PCE Q/Q (last 2.3%)
10:00am Oct New Home Sales (last 1.08M)
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's 5-year Note auction results
02:00pm Fed's Beige Book
Events
MBA Mortgage Applications (7:00, last –3.7%). Arthritis Advisory Committee meets at 8:00am. Fed's Geithner on financial stability panel at 9amET. AAP EOG MRO TQNT analyst meetings. Goldman Sachs Global Shipping conference in NYC. FBR Investor conference in NYC through 11/29. Merrill Lynch Health Services conference in NYC through 11/29. Lazard Capital Markets Life Sciences conference in NYC through 11/29. CIBC Mid and Small Cap Best Ideas conference in NYC through 11/29. CSFB Technology conference in Scottsdale through 12/1. Bear Stearns Commodities and Capital Goods conference in NYC through 11/30. Piper Jaffray Healthcare conference in NYC through 12/1. Same Store Sales After the Close - AEOS ARO HOTT MW ZUMZ. CACB replaces GLB in S&P Smallcap 600 after the close. Trades Ex-dividend: AIG $0.165, BAC $0.56, KO $0.31, EP $0.04, HAL $0.075, HIG $0.50, K $0.291, SLE $0.10.
Earnings
Before the Open: OPSW TIF. After the Close: CHS SNPS TIVO.
 
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. 
 

Monday, November 27, 2006

Trading levels and reports for Nov 28th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
We started a full week of trading with strong volatility in both the bonds and stock market. This may be a sign for the rest of the week as we are awaiting different economic reports, some with importance to the housing market.
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1415.57 1846.50 12417 803.60
Resistance 2 1409.03 1832.75 12358 797.40
Resistance 1 1396.57 1806.50 12252 785.40
Pivot 1390.03 1792.75 12193 779.20
Support 1 1377.57 1766.50 12087 767.20
Support 2 1371.03 1752.75 12028 761.00
Support 3 1358.57 1726.50 11922 749.00
         
Contract (Dec. 2006) Dec. Gold Euro Jan. Crude Oil Dec. US Bonds 
Resistance 3 645.67 1.3267 61.40 114 22/32
Resistance 2 643.33 1.3223 60.87 114  5/32
Resistance 1 641.97 1.3186 60.60 113 28/32
Pivot 639.63 1.3142 60.07 113 11/32
Support 1 638.27 1.3105 59.80 113  2/32
Support 2 635.93 1.3061 59.27 112 17/32
Support 3 634.57 1.3024 59.00 112  8/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Nov 28th, 2006


Economic
08:30am Oct Durable Goods Orders (last 8.3%), Durables Ex Transportation (last 0.5%)
10:00am Nov Consumer Confidence (last 105.4), Richmond Fed Manufacturing Index (last –2), Oct Existing Home Sales (last 6.18M)0
01:00pm Treasury's 2-year Note auction results
02:15pm Sep S&P/CaseShiller Home Price (last 5.2%
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.0%). Redbook Retail Sales (8:55, last 3.2%). Treasury's Paulson discusses markets and Trade at London conference at 4amET. Fed's Bernanke on the Economic Outlook at 12:30pmET. Fed's Plosser on the Economic Outlook at 12:30pmET. Fed's Moskow on the US Economic Outook at 4:30pmET. HNT MTW PNR SVM Analyst meetings. Goldman Sachs Global Shipping conference in NYC. FBR Investor conference in NYC through 11/29. Merrill Lynch Health Services conference in NYC through 11/29. Lazard Capital Markets Life Sciences conference in NYC through 11/29. CIBC Mid and Small Cap Best Ideas conference in NYC through 11/29. CSFB Technology conference in Scottsdale through 12/1. ABC Consumer Confidence (last 0). Trading Ex-split: AME 3-2. Trades Ex-dividend: ALL $0.35, CBS $0.20, HD $0.225, LTD $0.15.
Earnings
Before the Open: AMWD JTX RTLX SKIL. After the Close: ARO DBRN RSTO SIGM LNUX.
 
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. 
 

Trading levels and reports for Nov 27th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:  provided by www.technicalanalytics.com  click for 10 days free trial
 
 
 
S&P Z   NASDAQ Z
   
RESISTANCE   RESISTANCE  
  1,434.00     1,915.00  
  1,429.00   ******* 1,901.00  
******* 1,425.00     1,887.00  
  1,420.50     1,874.00  
******* 1,417.00   ******* 1,865.00  
  1,414.00   ****** 1,850.00  
****** 1,410.00   ***** 1,839.00  
***** 1,406.00   ** 1,829.00  
   
CLOSE 1,402.90   CLOSE 1,820.25  
   
SUPPORT   SUPPORT  
***** 1,401.00   *** 1,808.00  
****** 1,395.00   **** 1,802.00  
******* 1,391.20   ***** 1,793.00  
  1,387.50   ****** 1,783.00  
******* 1,385.50   ******* 1,778.00  
  1,380.20     1,764.00  
  1,377.00     1,758.00  
  1,373.50     1,750.00  
             
 
BONDS Z   CRUDE F  
   
RESISTANCE   RESISTANCE  
******* 115.26     62.40  
  115.14   ******* 62.00  
  115.02     61.60  
******* 114.23   ****** 61.30  
  114.14   ***** 60.80  
******* 114.02     60.45  
****** 114.00   **** 60.00  
***** 113.24   ** 59.60  
   
CLOSE 113.14   CLOSE 59.24  
   
SUPPORT   SUPPORT  
**** 113.04   ** 59.10  
  112.26     58.75  
***** 112.20     58.30  
****** 112.10   ***** 58.00  
******* 112.06   ****** 57.60  
  111.28   ******* 57.21  
******* 111.18     56.75  
  111.07   ******* 56.60  
             
 
Barchart.com U.S. Morning Call for Monday, November 27, 2006

Overnight Global News

  • US consumer spending was very strong over the Thanksgiving weekend at +19% yr/yr, according to the National Retail Federation. The report said that there were fewer shoppers in stores than the previous year (140 mln vs 145 mln last year) but that they spent more money as retailers cut prices to draw consumers into stores. That was good news for the US economy but bad news for retailers that undercut their profit margins by slashing prices. Shoppers over the weekend appeared to be focusing mainly on sale-priced goods. In a separate report, ShopperTrak RCT Corp reported that sales on Black Friday (the day after Thanksgiving) were up +6% yr/yr. On-line shopping on Black Friday was up +42% yr/yr, according to ComScore Networks.

  • Bank of Japan Governor Fukui said today that the BOJ will decide when to raise interest rates after it fully examines "if the economy and prices will develop in line with our projections." Mr. Fukui's comments were less hawkish than recent comments and reduced the chances for a BOJ rate hike in December. Mr. Fukui may have been trying to take some of the upward pressure off the yen which has rallied sharply against the dollar in the past week to post a new 3-1/2 month high.

Overnight U.S. Stock News
  • Dec S&Ps this morning are trading -1.70 points due to lower T-note prices (-3.5 ticks) and higher crude oil prices (+57 cents). The US stock market last Friday closed mildly lower (Dow -0.38%, S&P 500 -0.37%, Nasdaq Composite -0.23%). Bearish factors last Friday center on long liquidation pressure and concern about the weaker dollar. Bullish factors included the slightly higher close in T-note prices and the sharp 93-cent sell-off in crude oil prices last Wednesday.

  • European stocks today are trading moderately lower (Stoxx -0.69%, FTSE -0.51%) as the strong euro dampens revenue prospects for Europe's exporters and as the market reacts to higher crude oil prices today. The Nikkei index today closed +0.96% as the Japanese stock market was helped by the dovish comment by BOJ chief Fukui and was able to shake off concerns about the recent rally in the yen against the dollar (which will hurt Japanese exports to the US).

  • Wal-Mart (WMT) is down -0.5% this morning in European trading after reporting over the weekend that Nov same-store sales fell -0.1%, which was the worst showing in more than a decade. The market was also concerned about the initial Thanksigiving holiday shopping reports which suggested that consumers are focusing on bargains.

  • ExxonMobil (XOM) is up +0.3% this morning in European trading after this morning's sharp rally in oil prices.

  • GM is trading slightly lower by -0.1% in European trading this morning after a report in the Wall Street Journal citing research group IRN Inc as predicting that 2007 US vehicle sales will drop to the lowest level since 1998.

  • Lowe's may see some support today from news that Bank of America raised its rating on the stock to "buy" from "neutral."

  • Avon Products (AVP) may see some strength today after a favorable weekend article in Barron's which cited a Citigroup analyst as saying that Avon's stock may reach $37 in improving margins, although there are still concerns about sales person recruiting problems because of proposed FTC rules. Avon on Friday closed +0.13 at $33.28.

Today's U.S. Market Focus
  • This week’s US economic calendar is very busy. Tuesday brings comments by Treasury Secretary Paulson which could affect the dollar, Oct durable goods (expected -5.0%), the Conference Board’s Nov US consumer confidence index (expected +0.6 to 106.0), Oct existing home sales (expected -0.6%), comments by Fed Chairman Bernanke on the US economy, and the 2-year T-note auction. Wednesday brings the Q3 GDP revision (expected revised upward to +1.8% from +1.6%), Oct new home sales (expected -2.3%), the 5-year T-note auction, and the Fed’s Beige Book report ahead of the Dec 12 FOMC meeting. Thursday brings the Oct core PCE deflator (expected +2.3% vs +2.4% in Sep), and the Chicago Fed Purchasing Managers index (expected +0.9 to 54.4). Friday brings comments by Fed Chairman Bernanke, the Nov ISM manufacturing index (expected +0.6 to 51.8), and Nov US auto sales (expected 16.4 mln units vs 16.2 mln units in Oct).

  • Fed policy - Expectations for Fed policy eased slightly last week after the weaker than expected Univ of Michigan US consumer confidence report of 0.2 to 92.1 (vs expectations of +1.0 to 93.3). The market is currently discounting no chance of a rate change at the next two FOMC meetings on Dec 12 and Jan 30-31. The market is discounting a 36% chance of a 25 bp rate cut to 5.00% at the following meeting on March 20-21 and is fully discounting that rate cut to 5.00% by June. The market is discounting a 54% chance of a further 25 bp rate cut to 4.75% by September.

  • Dec T-note prices this morning are trading -3.5 ticks on news of strong retailer sales over the Thanksgiving weekend. T-notes are also being hurt by the weak dollar and concern that it may dampen foreign demand at this week's 2-year and 5-year T-note auctions. T-note prices last Friday closed slightly higher by 2.5 ticks on upward momentum from last week's rally which was prompted by weak US economic data. The main bearish factor last Friday was the sharp sell-off in the US dollar which undercuts the value of US-denominated securities for foreign investors.

  • The dollar this morning is mixed with the dollar/yen up +0.15 yen and the euro/dollar up +0.23 cents. The dollar today is seeing some short-covering. The yen today was undercut by BOJ chief Fukui's dovish comments. The dollar late last week fell sharply on weaker US interest rate differentials and concern about whether China will step up its dollar diversification program.

  • Jan crude oil prices this morning are trading +57 cents. The main bullish factor this morning is a London newspaper report citing Saudi Oil Minister Ali al-Naimi as saying that OPEC at its December 14 meeting may implement another production cut if oil prices fail to stabilize on the Oct 20 cut. The Nymex was closed last Friday during the Thanksgiving holiday. Jan crude oil prices last Wednesday fell sharply by -93 cents due to Wedesday's DOE report which showed a sharp 5.2 mln bbl increase in crude oil inventories. Product inventories were mixed with a 1.4 mln bbl rise in gasoline inventories and a 1.2 mln bbl decline in distillate inventories. Crude oil prices also reacted negatively on Wednesday to warm weather crossing the midwestern and northeastern US.

Today's U.S. Earnings Reports

Earnings reports (confirmed releases for companies with market caps above $1 bln listed by mkt cap): DCI-Donaldson (IBES consensus earnings estimate: $0.425 per share). OHI-Omega Healthcare (.170)

 
 

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. 
 

Trading levels and reports for Nov 27th

Tuesday, November 21, 2006

Swing trading model results for Nov. 21st - one trade for scratch

*To be removed, please reply with UNSUBSCRIBE model trading in subject line

 

 

Dear Trader                                                      Date:  11/21/2006

 

 

 

 

The results below are taken either from a real trading account or a demo trading account, depending if I have clients who are trading the model, if I am in a testing stage etc. Today’s trades below were executed in a live account.

 

 

This program/model trades in 3 markets: Mini SP, Mini Crude Oil and electronic Bonds. While the time frame is for day-trading, there will be times that the program will hold positions overnight with stops and targets, hence the name Swing trading.

 

My research and back testing suggests that the combination of 3 markets helps tremendously to the bottom line results as well as minimizes the size of the draw downs. However, because the model trades 3 different markets and holds positions at time overnight, the required initial account size is $15,000.

 

If any one would like more information, a walk through of the back testing etc., please send me an email and I will be happy to set up a time.

 

Today's Trades:

 

Closed Trades:

 

Mini SP:

 

No closed trades

 

Mini Crude:

 

No closed trades

 

Electronic Bonds:

 

1 closed trade for $0 profit/loss

 

Total:  $0 per contract before commissions

 

Open Positions:

 

Mini Crude (QMF7) -  FLAT

 

30 year Electronic Bonds (ZBZ6 )- Long from 112.29

 

Mini SP 500 (ESZ6 ) -  Long from 1404.25


 

 

Results:

 

 
Swing-Trading portfolio results
Dates below were compressed to save space, to view all trades, please e-mail me for the complete file Date No. of Trades Trading Results ES500 Trading Results US Bonds Trading Results Mini Crude Daily Gross Profit / Loss (before commissions) Total Commissions per contract * Daily Net Profit / Loss per contract(after commissions of $10RT) Trading Results after commissions per one contract
########## (2) (3.00)     ($5.00) ($4.00) ($6.00) ($7.00)
          (3) * 50 -7.04 * (2) (3) + (5) (6) * 5
5/14/06               $0.00
MAY 5/30/06 4 20.75     $1,037.50 ($40.00) $997.50 $1,565.00
June 6/5/06 3 6.00     $300.00 ($30.00) $270.00 $1,835.00
On vacation 6/22/06 2 1.75     $87.50 ($20.00) $67.50 $685.00
July 7/11/06 6 2.50     $125.00 ($60.00) $65.00 $750.00
7/28/06 5 (12.00)     ($600.00) ($50.00) ($650.00) ($1,861.00)
Took time off  between July 29th and August 28th,    -$1,861.00
to work on modifying the model in order to      
 minimize number of trades and achieve better overall results -$1,861.00
New model includes Bonds and Mini Crude in addition to Mini SP  
Date No. of Trades Trading Results ES500 Trading Results US Bonds Trading Results Mini Crude Daily Gross Profit / Loss (before commissions) Total Commissions per contract * Daily Net Profit / Loss per contract(after commissions of $12RT) Running Trading Results after commissions per one contract (starting from $0 on May 14th)
8/29/06 4 12.25 23 $1,331.25 ($48.00) $1,283.25 ($577.75)
No Closed Trades 8/30/06 0 $0.00 $0.00 $0.00 ($577.75)
August 8/31/06 1 68 $337.50 ($12.00) $325.50 ($252.25)
9/1/06 4 1 65 $356.25 ($48.00) $308.25 $56.00
September 9/29/06 6 3.25 1 220 $1,293.75 ($72.00) $1,221.75 $589.25
10/3/06 7 1.75 (3) (20) ($106.25) ($84.00) ($190.25) $399.00
October 10/31/06 10 (4.00) 16 30 $450.00 ($120.00) $330.00 $3,442.75
11/1/06 8 2.50 (26) (68) ($1,025.00) ($96.00) ($1,121.00) $2,321.75
11/2/06 8 (11.50) 10 (50) ($512.50) ($96.00) ($608.50) $1,713.25
11/3/06 8 1.25 (3) (65) ($356.25) ($96.00) ($452.25) $1,261.00
11/6/06 4 9.25 0 (148) ($275.00) ($48.00) ($323.00) $938.00
11/7/06 8 (8.75) 7 0 ($218.75) ($96.00) ($314.75) $623.25
11/8/06 5 (3.00) 4 40 $175.00 ($60.00) $115.00 $738.25
11/9/06 9 7.00 1 (215) ($693.75) ($108.00) ($801.75) ($63.50)
11/10/06 3 0.00 (8) (50) ($500.00) ($36.00) ($536.00) ($599.50)
11/13/06 3 5.50 12 110 $1,200.00 ($36.00) $1,164.00 $564.50
11/14/06 3 2.00 20 0 $725.00 ($36.00) $689.00 $1,253.50
11/15/06 2 0.00 13 15 $481.25 ($24.00) $457.25 $1,710.75
11/16/06 6 0.00 15 20 $568.75 ($72.00) $496.75 $2,207.50
11/17/06 3 (4.50) 0 0 ($225.00) ($36.00) ($261.00) $1,946.50
11/20/06 4 (3.25) 1 (25) ($256.25) ($48.00) ($304.25) $1,642.25
11/21/06 1 0.00 0 0 $0.00 ($12.00) ($12.00) $1,630.25

 

 

 

Disclaimer:

 

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.  NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.  IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. 

 

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.  IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.  FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.  THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCONTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

 

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 are 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. 

 

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. 
 

Monday, November 20, 2006

Trading levels and reports for Nov. 21st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1413.77 1837.00 12429 803.00
Resistance 2 1410.83 1826.00 12407 799.00
Resistance 1 1407.17 1818.00 12376 796.00
Pivot 1404.23 1807.00 12354 792.00
Support 1 1400.57 1799.00 12323 789.00
Support 2 1397.63 1788.00 12301 785.00
Support 3 1393.97 1780.00 12270 782.00
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Crude Oil Dec. US Bonds 
Resistance 3 633.23 1.2906 59.95 113 12/32
Resistance 2 630.37 1.2888 59.40 113  6/32
Resistance 1 626.23 1.2860 59.10 113  2/32
Pivot 623.37 1.2842 58.55 112 28/32
Support 1 619.23 1.2814 58.25 112 24/32
Support 2 616.37 1.2796 57.70 112 18/32
Support 3 612.23 1.2768 57.40 112 14/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Nov 21st, 2006


Economic
None
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.1%). Redbook Retail Sales (8:55, last 3.4%). Fed's Warsh speaks on Market Discipline at NYSE at 10:00am. Fed's Lacker speaks to Richmond Economist's Group at 12:00pm. ABC Consumer Confidence (last 1). Trading Ex-split: STLD 2-1.
Earnings
Before the Open: BWS CBRL DE DOCC DLTR EV FRED GME GCO ITRN JBX MESA MWRK PERY TECD UNFI. After the Close: BGP BRCD CWTR JCG PSS.
 
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. 
 

FW: Trading levels and reports for Nov. 20th

 
 



 

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Short trading week due to Thanksgiving holiday. Make it a good trading week and then take the time to enjoy the holiday with your loved ones!
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1413.53 1826.67 12449 798.13
Resistance 2 1409.17 1817.33 12409 794.57
Resistance 1 1406.93 1812.67 12389 792.63
Pivot 1402.57 1803.33 12349 789.07
Support 1 1400.33 1798.67 12329 787.13
Support 2 1395.97 1789.33 12289 783.57
Support 3 1393.73 1784.67 12269 781.63
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Crude Oil Dec. US Bonds 
Resistance 3 633.83 1.2963 60.11 114  3/32
Resistance 2 628.37 1.2915 59.56 113 19/32
Resistance 1 625.43 1.2879 59.26 113  7/32
Pivot 619.97 1.2831 58.71 112 23/32
Support 1 617.03 1.2795 58.41 112 11/32
Support 2 611.57 1.2747 57.86 111 27/32
Support 3 608.63 1.2711 57.56 111 15/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, Nov 20th, 2006


Economic
10:00am Oct Leading Indicators (last 0.1%)
Events
Treasury Secretary Paulson discusses Capital Markets Competitiveness in NYC at 12:00pm. Fed's Fisher speaks on German Ecnomy in Berlin at 2:00pm. Cellular, Tissue and Gene Therapies Advisory Committee meets at 2:15pm. Trading Ex-split: ROCM 2-1.
Earnings
Before the Open: CPB LOW PACT STP VAL. After the Close: DY FMCN GHCI JAS MDT JWN PVH.
 
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. 
 

Trading levels and reports for Nov. 20th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Short trading week due to Thanksgiving holiday. Make it a good trading week and then take the time to enjoy the holiday with your loved ones!
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1413.53 1826.67 12449 798.13
Resistance 2 1409.17 1817.33 12409 794.57
Resistance 1 1406.93 1812.67 12389 792.63
Pivot 1402.57 1803.33 12349 789.07
Support 1 1400.33 1798.67 12329 787.13
Support 2 1395.97 1789.33 12289 783.57
Support 3 1393.73 1784.67 12269 781.63
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Crude Oil Dec. US Bonds 
Resistance 3 633.83 1.2963 60.11 114  3/32
Resistance 2 628.37 1.2915 59.56 113 19/32
Resistance 1 625.43 1.2879 59.26 113  7/32
Pivot 619.97 1.2831 58.71 112 23/32
Support 1 617.03 1.2795 58.41 112 11/32
Support 2 611.57 1.2747 57.86 111 27/32
Support 3 608.63 1.2711 57.56 111 15/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, Nov 20th, 2006


Economic
10:00am Oct Leading Indicators (last 0.1%)
Events
Treasury Secretary Paulson discusses Capital Markets Competitiveness in NYC at 12:00pm. Fed's Fisher speaks on German Ecnomy in Berlin at 2:00pm. Cellular, Tissue and Gene Therapies Advisory Committee meets at 2:15pm. Trading Ex-split: ROCM 2-1.
Earnings
Before the Open: CPB LOW PACT STP VAL. After the Close: DY FMCN GHCI JAS MDT JWN PVH.
 
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. 
 

Thursday, November 16, 2006

Trading levels and reports for Nov. 17th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
While stock index futures were pretty choppy today/narrow range, bonds and crude oil experienced volatile sessions.
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1413.20 1832.00 12450 803.83
Resistance 2 1410.50 1822.50 12404 800.92
Resistance 1 1407.40 1816.00 12375 796.83
Pivot 1404.70 1806.50 12329 793.92
Support 1 1401.60 1800.00 12300 789.83
Support 2 1398.90 1790.50 12254 786.92
Support 3 1395.80 1784.00 12225 782.83
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Crude Oil Dec. US Bonds 
Resistance 3 634.67 1.2912 61.41 114 10/32
Resistance 2 631.83 1.2888 60.35 113 27/32
Resistance 1 626.77 1.2852 58.31 113  2/32
Pivot 623.93 1.2828 57.25 112 19/32
Support 1 618.87 1.2792 55.21 111 26/32
Support 2 616.03 1.2768 54.15 111 11/32
Support 3 610.97 1.2732 52.11 110 18/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Nov 17th, 2006


Economic
08:30am Oct Housing Starts (last 1.77M), Building Permits (last 1.64M)
09:00am RBC Cash Index
Events
IWOV, MCU, RFMD, SMOD analyst meetings. Fed's Pianalto gives Welcome Remarks at conference in Cleveland at 8:45am. BofA Energy conference in Florida through 11/17. Lehman Small Cap conference in CA through 11/17. CSFB Healthcare conference in Phoenix through 11/17.
Earnings
Before the Open: ANN CTRN SJM KIRK LTON. 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. 
 

Wednesday, November 15, 2006

Trading levels and reports for Nov. 16th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Full day of economic reports tomorrow!
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini)