Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
We made new high on the March SP and as I mentioned yesterday, looks like we can go even higher....
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1460.53 | 1846.17 | 12764 | 810.07 |
| Resistance 2 | 1453.47 | 1831.08 | 12714 | 804.23 |
| Resistance 1 | 1449.83 | 1823.17 | 12689 | 801.17 |
| Pivot | 1442.77 | 1808.08 | 12639 | 795.33 |
| Support 1 | 1439.13 | 1800.17 | 12614 | 792.27 |
| Support 2 | 1432.07 | 1785.08 | 12564 | 786.43 |
| Support 3 | 1428.43 | 1777.17 | 12539 | 783.37 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 660.97 | 1.3137 | 57.73 | 110 29/32 |
| Resistance 2 | 654.73 | 1.3103 | 56.59 | 110 24/32 |
| Resistance 1 | 651.47 | 1.3048 | 55.98 | 110 17/32 |
| Pivot | 645.23 | 1.3014 | 54.84 | 110 12/32 |
| Support 1 | 641.97 | 1.2959 | 54.23 | 110 5/32 |
| Support 2 | 635.73 | 1.2925 | 53.09 | 110 |
| Support 3 | 632.47 | 1.2870 | 52.48 | 109 25/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Jan 25th, 2007
Economic
08:30am Initial Jobless Claims (last 290K)
10:00am Dec Existing Home Sales (last 6.28M), Help Wanted Index (last 30)
10:30am Natural Gas Inventories
01:00pm Treasury's 5-year Note auction results
Events
Vaccines and Related Biological Products Advisory Committee meets at 8:00am.
Earnings
Before the Open: AGR ALK ACV AHM ABI T AVT AVCT BLL BAX BZH BDX BMS BJS BMY BC CCMP CAH CCBL CRA CHIC CNX CBE CVA CY DHR DOW DJ EQT FCS F BEN FTD IKN IMN IMCL NDE ISCA IONA ESI JNS KELYA KEM KMB KLIC LEA LM LMT LYO HZO MBI MHP MESA MEH NCR NE NOK NOC NUE OXY OVRL PCCC BTU PCZ PII POT DGX RESP RKT COL ROH SHW SO STJ SU SPWR SY TSM TDY UNP UST VIGN WRLD ZOLL. During Trading Hours: EGN. After the Close: AMGN BEBE BCR CALD CSH COLM CPWR CNXT CVTI CYBS DV EMN ELX EXTR FII FMD FRNT HAR HIG INFA IRF JJSF KNX LSCC LEG LAVA MEE MCK MDC WFR MRCY MCRS MSCC MSFT NTCT OPLK PKTR PKI PLXT PMCS RHI SANM SCSC SWKS SWK SYK SYNA TNL TPX TGI VSEA VPRT WDC ZL ZHNE ZIGO.
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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