Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
The rest of the week is full of economic reports as well as earning announcements.
Stay disciplined with your trading plan.
LEVELS:
| Contract (JUNE 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1500.50 | 1865.17 | 13088 | 840.67 |
| Resistance 2 | 1497.60 | 1866.33 | 13062 | 837.83 |
| Resistance 1 | 1492.80 | 1854.67 | 13018 | 834.92 |
| Pivot | 1489.90 | 1855.83 | 12992 | 832.08 |
| Support 1 | 1485.10 | 1844.17 | 12948 | 829.17 |
| Support 2 | 1482.20 | 1845.33 | 12922 | 826.33 |
| Support 3 | 1477.40 | 1833.67 | 12878 | 823.42 |
| | | | | |
| Contract | June Gold | June Euro | June Crude Oil | June Bonds |
| Resistance 3 | 703.47 | 1.3703 | 68.38 | 112 10/32 |
| Resistance 2 | 700.13 | 1.3670 | 67.16 | 111 31/32 |
| Resistance 1 | 697.17 | 1.3636 | 66.53 | 111 23/32 |
| Pivot | 693.83 | 1.3603 | 65.31 | 111 12/32 |
| Support 1 | 690.87 | 1.3569 | 64.68 | 111 4/32 |
| Support 2 | 687.53 | 1.3536 | 63.46 | 110 25/32 |
| Support 3 | 684.57 | 1.3502 | 62.83 | 110 17/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, April 24, 2007
Economic
09:00am 00am Feb S&P/CS Composite-20 Home Price (last 202.0) 10:00am Apr Richmond Fed Manufacturing Index (last –10), Consumer Confidence (last 107.2), Mar Existing Home Sales (last 6.69M) 01:00pm Treasury's 5-year TIPS Note auction results
Events
ICSC/UBSW Chain Store Sales (7:45, last –2.0%). Redbook Retail Sales (8:55, last 0.2%). Antiviral Drugs Advisory Committee meets at 8:00am. Orthopaedic and Rehobilitation Devices Panel of the Medical Devices Advisory Committee meets at 8:00am. CP, FAST analyst meeting. ABC Consumer Confidence (last -5).
Earnings
Before the Open: AKS AL AXE ARW ARTG ASTE T AUO AVY AVA BLDP BHE BJS EAT BNI CP CSL POS CDWC CNC CME CPS COH CPO DLX DD ECL ELN ENR ESV ETH FMER FRX GAP HMA ICLR IIVI IONA IPS SFI JEC JBLU JRN KELYA KRC KCI LII LXK LMT MNI MHP MICC MWRK MTCT NOC OXY OMCL OMC PCAR PH PNR PBG PAS PCZ RJF RYN SEPR SLM STFC STTX TLAB TRAD X USAP USG WAT WHR. After the Close: ACE ACTL ADVS AFL AMZN ACLI AMSG ANAD AJG BSTE BXP BTUI BKI CHRW BCR CLZR CACS CRI CSCD CTHR CKFR CAKE EXBD CSGS CVTX CYMI DFG EGLT EFII ENTU EPIQ EZPW FADV GGG HTCH ILMN LFG LDIS LNET ORLY OSG PNRA PCTI PNSN PFWD PXLW PTP RDN RCRC RFMD RVBD COL SANM SEAB SMTL SIE SIAL SSTI SNA STM SUNW TZOO VFC VECO WEBX WBSN WU 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 ensure 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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