Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1448.10 | 1838.00 | 12727 | 797.47 |
| Resistance 2 | 1443.20 | 1825.50 | 12673 | 793.23 |
| Resistance 1 | 1436.60 | 1808.00 | 12602 | 787.97 |
| Pivot | 1431.70 | 1795.50 | 12548 | 783.73 |
| Support 1 | 1425.10 | 1778.00 | 12477 | 778.47 |
| Support 2 | 1420.20 | 1765.50 | 12423 | 774.23 |
| Support 3 | 1413.60 | 1748.00 | 12352 | 768.97 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 645.33 | 1.3071 | 56.60 | 111 14/32 |
| Resistance 2 | 642.77 | 1.3044 | 55.63 | 111 8/32 |
| Resistance 1 | 638.43 | 1.3012 | 54.10 | 111 3/32 |
| Pivot | 635.87 | 1.2985 | 53.13 | 110 29/32 |
| Support 1 | 631.53 | 1.2953 | 51.60 | 110 24/32 |
| Support 2 | 628.97 | 1.2926 | 50.63 | 110 18/32 |
| Support 3 | 624.63 | 1.2894 | 49.10 | 110 13/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Jan 23rd, 2007
Economic
10:00am Jan Richmond Fed Manufact. Index (last –6), Dec Leading Indicators (last 0.1%)
01:00pm Treasury's 20-year TIPS auction results
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.9%). Redbook Retail Sales (8:55, last 2.7%). AG Edwards Retailing conference in Coral Gables, FL through 1/23. Advisory Committee for Reproductive Health Drugs meets at 8:30am. KMI, KMP, XTO analyst meetings. ABC Consumer Confidence (last -2). Trading Ex-split: GROW 2-1. State of Union Address at 9:00pm.
Earnings
Before the Open: ADTN AKS AMFI AVY BAC BLK EAT BNI COH CMCO DHI DD EMC ENR EXAR IIVI JEC JNJ MDP NCC PNC PCP RYN REDF SMG STTX TLAB UAUA UTX XRX. After the Close: AMD AMB AV CLZR CTX CTXS CGNX CSGS DST EZPW HOKU HYSL IDTI PTV PHHM QLGC RDN RLRN RFMD RLI STX STLD STM SUNW SUPX YHOO.
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.
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