Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1438.63 | 1834.17 | 12648 | 796.63 |
| Resistance 2 | 1431.57 | 1823.33 | 12582 | 790.57 |
| Resistance 1 | 1427.13 | 1813.67 | 12538 | 786.03 |
| Pivot | 1420.07 | 1802.83 | 12472 | 779.97 |
| Support 1 | 1415.63 | 1793.17 | 12428 | 775.43 |
| Support 2 | 1408.57 | 1782.33 | 12362 | 769.37 |
| Support 3 | 1404.13 | 1772.67 | 12318 | 764.83 |
| | | | | |
| Contract | Feb. Gold | March Euro | Feb. Crude Oil | March Bonds |
| Resistance 3 | 617.97 | 1.3153 | 59.34 | 112 18/32 |
| Resistance 2 | 614.53 | 1.3115 | 58.30 | 112 11/32 |
| Resistance 1 | 611.97 | 1.3088 | 57.19 | 112 8/32 |
| Pivot | 608.53 | 1.3050 | 56.15 | 112 1/32 |
| Support 1 | 605.97 | 1.3023 | 55.04 | 111 30/32 |
| Support 2 | 602.53 | 1.2985 | 54.00 | 111 23/32 |
| Support 3 | 599.97 | 1.2958 | 52.89 | 111 20/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Jan 9th, 2007
Economic
10:00am Jan IBD/TIPP Economic Optimism (last 53.5)
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.3%). Redbook Retail Sales (8:55, last 2.8%). Consumer Electronics Show in Las Vegas through 1/11. Macworld in San Francisco through 1/12. JPMorgan Healthcare conference in SF through 1/11. Citigroup Entertainment/Media/Telecom conference in Las Vegas through 1/11. Cowen Consumer conference in NYC through 1/10. Needham Growth Stock conference in NYC through 1/12. Steve Jobs keynote at Macworld at 12:00pm. HRB analyst meeting. AVB replaces SBL in S&P 500, GPN replaces BNK in S&P Midcap 400 and ROCK replaces GPN in S&P Smallcap 600 after the close. ABC Consumer Confidence (last -3).
Earnings
Before the Open: EMMS GAP GBX HELE LWSN SVU VOL. After the Close: AA EXFO OXM RI SNX WDFC.
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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