Cannon Trading Co. Inc.
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Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, January 11, 2007

Trading levels and reports for Jan 12th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 

I will be out of the office on vacation starting Monday Jan15th , returning to work Monday, January 22nd . During my absence, please call the office with any requests. If you have an order to place, please call and have your account number handy.

 

E-mails will not be answered and an auto responder will reply that I am out. If you need to send any e-mails (NO ORDERS ARE ACCEPTED) please send it to my assistant Sarah sarah@cannoncapital.com  

 

Try to avoid e-mails and IM's as no one will be able to answer them.

 

The office numbers are 800-454-9572 or 310-859-9572

 

If you are a day-trader, please make sure to stay within your trading limits and remember that to hold positions overnight, full margin is required - failure to do so will result in suspension of your day-trading margin privillages.

 

Thanks again and good trading
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1448.17 1884.33 12740 809.50
Resistance 2 1441.83 1870.67 12672 803.10
Resistance 1 1436.67 1859.83 12621 798.30
Pivot 1430.33 1846.17 12553 791.90
Support 1 1425.17 1835.33 12502 787.10
Support 2 1418.83 1821.67 12434 780.70
Support 3 1413.67 1810.83 12383 775.90
         
Contract  Feb. Gold March Euro Feb. Crude Oil March Bonds 
Resistance 3 622.27 1.3151 56.62 112  3/32
Resistance 2 619.63 1.3102 55.66 111 26/32
Resistance 1 616.77 1.3017 53.77 111 16/32
Pivot 614.13 1.2968 52.81 111  7/32
Support 1 611.27 1.2883 50.92 110 29/32
Support 2 608.63 1.2834 49.96 110 20/32
Support 3 605.77 1.2749 48.07 110 10/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Jan 12th, 2007


Economic
08:30am Dec Import Price Index (last 0.2%), Advance Retail Sales (last 1.0%), Retail Sales Less Autos (last 1.1%)
09:00am RBC Cash Index (last 86.9)
10:00am Nov Business Inventories (last 0.4%)
Events
Macworld in San Francisco through 1/12. Needham Growth Stock conference in NYC through 1/12. Bond Market Association recommends early close at 2:00pm.
Earnings
Before the Open: None. After the Close: None.
*Note all time are EST (GMT-5). ANY AND ALL TIMES AND
 
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 1:05 PM

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