Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Up day ahead of tomorrow FOMC announcement expected tomorrow (Wednesday Jan. 31st at 2:15 eastern time).
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1443.50 | 1805.00 | 12644 | 811.42 |
| Resistance 2 | 1438.70 | 1799.00 | 12607 | 806.83 |
| Resistance 1 | 1436.20 | 1794.00 | 12583 | 804.17 |
| Pivot | 1431.40 | 1788.00 | 12546 | 799.58 |
| Support 1 | 1428.90 | 1783.00 | 12522 | 796.92 |
| Support 2 | 1424.10 | 1777.00 | 12485 | 792.33 |
| Support 3 | 1421.60 | 1772.00 | 12461 | 789.67 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 648.80 | 1.3051 | 60.46 | 109 25/32 |
| Resistance 2 | 647.40 | 1.3031 | 58.76 | 109 23/32 |
| Resistance 1 | 645.80 | 1.3013 | 57.86 | 109 19/32 |
| Pivot | 644.40 | 1.2993 | 56.16 | 109 17/32 |
| Support 1 | 642.80 | 1.2975 | 55.26 | 109 13/32 |
| Support 2 | 641.40 | 1.2955 | 53.56 | 109 11/32 |
| Support 3 | 639.80 | 1.2937 | 52.66 | 109 7/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, Jan 31st, 2007
Economic
08:15am Jan ADP Employment Change (last –40K)
08:30am Q4 Advance GDP Annualized (last 2.0%), Personal Consumption (last 2.8%), GDP Price Index (last 1.9%), Employment Cost Index (last 1.0%)
10:00am Jan Chicago Purchasing Manager (last 51.6), Dec Construction Spending (last –0.2%)
10:30am Crude Oil/Gasoline/Distillate Inventories
11:00am Treasury's 3-year and 10-year Note announcement
02:15pm FOMC Rate Decision expected
Events
MBA Mortgage Applications (7:00, last –8.4%). VDSI analyst meeting. Wachovia Small/Mid-cap Healthcare conference in Boston through 1/31. Trades Ex-dividend: AA $0.17, NSC $0.22, WFC $0.28, WY $0.60.
Earnings
Before the Open: AL ALGT AGN MO ABK APU BA BOT CTEC CEG D DOV EK LLY ENB EL HAE HSC HHS HES HLT HOLX IR KFT FSTR LLL LANC MMP MAG MWV MEG NYT NCX NMX OXPS PAS PEG SFUN SAIA SEE SEPR SLAB SPIL STE SYNT TWX UGI WPS XEL. After the Close: ADS AH AVB ACLS CAI CDNS CRUS CNQR CCK CUTR DNEX DLLR DSCM EXP EOG EFX FISV FORM FBN GIL GILD GOOG HLIT HPC HYDL JDSU LTBG MTSN MCHP MUR NARA NEWP EGOV OIIM OPNT OMI OI PSEM PWER PHM RNOW SWIR SLGN SMDI SFN SRX SBUX SUN TSRA TTEK TLGD TSCO TUP VRSN VIRL VMC WEBX WSTC WU WGL.
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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