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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, January 25, 2007

Trading levels and reports for Jan. 26th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Strong reversal after making new highs yesterday, suggessts more volatility ahead.
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1458.70 1850.17 12766 810.83
Resistance 2 1452.20 1836.08 12714 805.17
Resistance 1 1440.60 1812.67 12629 796.33
Pivot 1434.10 1798.58 12577 790.67
Support 1 1422.50 1775.17 12492 781.83
Support 2 1416.00 1761.08 12440 776.17
Support 3 1404.40 1737.67 12355 767.33
         
Contract  April Gold March Euro March Crude Oil March Bonds 
Resistance 3 660.40 1.3108 57.19 110 29/32
Resistance 2 657.50 1.3070 56.54 110 20/32
Resistance 1 652.80 1.3019 55.39 110  5/32
Pivot 649.90 1.2981 54.74 109 28/32
Support 1 645.20 1.2930 53.59 109 13/32
Support 2 642.30 1.2892 52.94 109  4/32
Support 3 637.60 1.2841 51.79 108 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Jan 26th, 2007


Economic
08:30am Dec Durable Goods Orders (last 1.6%), Durables Ex Transportation (last –1.1%)
10:00am Dec New Home Sales (last 1.047M)
Events
Neurological Devices Panel of the Medical Devices Advisory Committee meets at 8:00am.
Earnings
Before the Open: AAI CRS CAT CDWC CCUR FO FPL HAL HCR HON IDXX KNSY TROW. After the Close: CHRT EEP.
 
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 1:06 PM

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