Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Still range bound market but enough range for day-trading!
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1440.77 | 1819.17 | 12627 | 810.35 |
| Resistance 2 | 1436.63 | 1808.83 | 12602 | 804.80 |
| Resistance 1 | 1431.57 | 1797.67 | 12564 | 800.90 |
| Pivot | 1427.43 | 1787.33 | 12539 | 795.35 |
| Support 1 | 1422.37 | 1776.17 | 12501 | 791.45 |
| Support 2 | 1418.23 | 1765.83 | 12476 | 785.90 |
| Support 3 | 1413.17 | 1754.67 | 12438 | 782.00 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 654.40 | 1.3080 | 56.67 | 110 5/32 |
| Resistance 2 | 651.20 | 1.3039 | 56.04 | 109 30/32 |
| Resistance 1 | 647.20 | 1.3010 | 55.02 | 109 22/32 |
| Pivot | 644.00 | 1.2969 | 54.39 | 109 15/32 |
| Support 1 | 640.00 | 1.2940 | 53.37 | 109 7/32 |
| Support 2 | 636.80 | 1.2899 | 52.74 | 109 |
| Support 3 | 632.80 | 1.2870 | 51.72 | 108 24/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Jan 30th, 2007
Economic
09:00am Nov S&P/CaseShiller Home Price (last 2.9%)
10:00am Jan Consumer Confidence (last 109.0)
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.9%). Redbook Retail Sales (8:55, last 2.7%). Wachovia Small/Mid-cap Healthcare conference in Boston through 1/31. ABC Consumer Confidence (last -3).
Earnings
Before the Open: MMM ALGN AEP AXE ARM BDK BKC CLMS CP CME CL COCO CPO CFC DBD ETR SSP HW IEX ITW IFF JBLU K KEYS KCI LXK MAN MBI MDU MRK NNDS NWL NI PCAR PBG PPC PNW PG SAF SII TEN UPS LCC WDR WFT WYE. After the Close: ACE ACTL ADPT AFL ARG ALL AMLN AMCC AJG BSTE BXP BKI CHRW CLS CKFR CB CTS CYMI EFII ENTU EPIC FBC FLEX HBHC HRS NSIT JLL JNPR KYPH LDIS LSS MTW NATI NWRE NAL OMCL PHTN PXLW POL QTM RBAK REDE SNDK SIE SIRF STXN X WHI WBSN.
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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