Cannon Trading Futures Blog: Daily Support and Resistance Levels
*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.
*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.
*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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
| 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 | | |
