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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, January 09, 2007

Trading levels and reports for Jan 10th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1437.00 1850.33 12631 799.62
Resistance 2 1431.00 1834.67 12581 792.08
Resistance 1 1426.00 1823.33 12534 788.32
Pivot 1420.00 1807.67 12484 780.78
Support 1 1415.00 1796.33 12437 777.02
Support 2 1409.00 1780.67 12387 769.48
Support 3 1404.00 1769.33 12340 765.72
         
Contract  Feb. Gold March Euro Feb. Crude Oil March Bonds 
Resistance 3 629.23 1.3149 58.43 112 19/32
Resistance 2 623.27 1.3121 57.31 112 14/32
Resistance 1 619.13 1.3081 56.48 112  9/32
Pivot 613.17 1.3053 55.36 112  4/32
Support 1 609.03 1.3013 54.53 111 31/32
Support 2 603.07 1.2985 53.41 111 26/32
Support 3 598.93 1.2945 52.58 111 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Jan 10th, 2007


Economic
08:30am Nov Trade Balance (last -$58.9B)
10:00am Nov Wholesale Inventories (last 0.8%)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last 3.6%). Consumer Electronics Show in Las Vegas through 1/11. Macworld in San Francisco through 1/12. JPMorgan Healthcare conference in SF through 1/11. EXFO analyst meeting. Citigroup Entertainment/Media/Telecom conference in Las Vegas through 1/11. Cowen Consumer conference in NYC through 1/10. Needham Growth Stock conference in NYC through 1/12. Trades Ex-dividend: MS $0.27.
Earnings
Before the Open: None. After the Close: ASHW DNA SAPE.
 
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 1:02 PM

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