Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Another tight range day (makes two in a row since Friday had a tight range as well). I would expect a breakout in either way tomorrow. Have no idea which way (-:
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1460.87 | 1829.33 | 12763 | 817.77 |
| Resistance 2 | 1457.43 | 1821.67 | 12737 | 815.63 |
| Resistance 1 | 1454.97 | 1813.33 | 12713 | 812.52 |
| Pivot | 1451.53 | 1805.67 | 12687 | 810.38 |
| Support 1 | 1449.07 | 1797.33 | 12663 | 807.27 |
| Support 2 | 1445.63 | 1789.67 | 12637 | 805.13 |
| Support 3 | 1443.17 | 1781.33 | 12613 | 802.02 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 661.90 | 1.3037 | 61.08 | 110 22/32 |
| Resistance 2 | 659.70 | 1.3014 | 60.51 | 110 18/32 |
| Resistance 1 | 657.90 | 1.2984 | 59.63 | 110 14/32 |
| Pivot | 655.70 | 1.2961 | 59.06 | 110 10/32 |
| Support 1 | 653.90 | 1.2931 | 58.18 | 110 6/32 |
| Support 2 | 651.70 | 1.2908 | 57.61 | 110 2/32 |
| Support 3 | 649.90 | 1.2878 | 56.73 | 109 30/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Feb 6th, 2007
Economic
01:00pm Treasury's 3-year Note auction results
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.9%). Redbook Retail Sales (8:55, last 2.7%). NKE, STT, SUNW analyst meetings. Cowen Aerospace/Defense conference in NYC through 2/7. Thomas Weisel Technology conference in SF through 2/7. Merrill Lynch Global Pharmaceutical, Biotech and Medtech conference in NYC through 2/8. Treasury Secretary Paulson testifies on Budget at House Ways and Means Committee at 10:00am. Fed's Moskow speaks in Chicago at 1:00pm. Fed's Bernanke speaks in Omaha at 1:30pm. Treasury Secretary Paulson testifies in front of the Senate Finance Committee at 2:45pm. Fed's Yellen speaks in LA on Asian Financial Crisis at 3:30pm. ABC Consumer Confidence (last -3).
Earnings
Before the Open: ARTG ADP AVP RATE BHE BOW CE CNC CHD DUK ELNK EMR IT HB IACI ISE JRC KSU LIOX LFUS LPX MNI MM MYGN NOV NOOF PNR PER PEC PLD JOE TE TWTR TYC VFC VSH WWY. After the Close: ACTS ABCO ACLI AZPN ATO ATW AVNX BBBB CELL BRKS BOBJ CACS CAKE CSCO CSC EXBD CPII XRAY DIOD WIRE EQR FEIC FMC GCOM IIG IVAC IPAS KFRC LNC MFLX NBR PDFS PLNR RNR RENT RMD TWTC TZOO USNA WEDC XL.
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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