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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, January 08, 2007

Trading levels and reports for Jan 8th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1432.40 1826.42 12618 801.42
Resistance 2 1428.30 1815.83 12577 796.83
Resistance 1 1422.40 1806.17 12513 787.92
Pivot 1418.30 1795.58 12472 783.33
Support 1 1412.40 1785.92 12408 774.42
Support 2 1408.30 1775.33 12367 769.83
Support 3 1402.40 1765.67 12303 760.92
         
Contract  Feb. Gold March Euro Feb. Crude Oil March Bonds 
Resistance 3 641.93 1.3249 58.07 114  4/32
Resistance 2 633.37 1.3199 57.24 113 16/32
Resistance 1 620.13 1.3123 56.77 112 26/32
Pivot 611.57 1.3073 55.94 112  6/32
Support 1 598.33 1.2997 55.47 111 16/32
Support 2 589.77 1.2947 54.64 110 28/32
Support 3 576.53 1.2871 54.17 110  6/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, Jan 8th, 2007


Economic
11:00am Treasury's 10-year TIPS announcement
03:00pm Nov Consumer Credit (last -$1.2B)
Events
Consumer Electronics Show in Las Vegas through 1/11. Macworld in San Francisco through 1/12. JPMorgan Healthcare conference in SF through 1/11. Trading Ex-split: RG 2-1. Trades Ex-dividend: T $0.355, VZ $0.405.
Earnings
Before the Open: LIFC NUHC SCHN. After the Close: None.
 
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 8:14 AM

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