Futures Trading levels and Economic reports for April 26th
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Dear Trader,
Next target for the SP500 is at 1508 and 1512. The higher we advance, the higher volatility will go as 3% move when you trade at 1500's is much larger than a 3% move when you trade at 1200's.
LEVELS:
| Contract (JUNE 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1521.40 | 1930.67 | 13328 | 848.42 |
| Resistance 2 | 1512.30 | 1913.83 | 13241 | 843.83 |
| Resistance 1 | 1506.40 | 1904.17 | 13180 | 839.17 |
| Pivot | 1497.30 | 1887.33 | 13093 | 834.58 |
| Support 1 | 1491.40 | 1877.67 | 13032 | 829.92 |
| Support 2 | 1482.30 | 1860.83 | 12945 | 825.33 |
| Support 3 | 1476.40 | 1851.17 | 12884 | 820.67 |
| Contract | June Gold | June Euro | June Crude Oil | June Bonds |
| Resistance 3 | 693.33 | 1.3736 | 67.53 | 112 4/32 |
| Resistance 2 | 691.67 | 1.3716 | 66.71 | 111 31/32 |
| Resistance 1 | 689.53 | 1.3691 | 66.28 | 111 23/32 |
| Pivot | 687.87 | 1.3671 | 65.46 | 111 18/32 |
| Support 1 | 685.73 | 1.3646 | 65.03 | 111 10/32 |
| Support 2 | 684.07 | 1.3626 | 64.21 | 111 5/32 |
| Support 3 | 681.93 | 1.3601 | 63.78 | 110 29/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, April 26, 2007
Economic
08:30am 30am Initial Jobless Claims (last 339K) 10:00am Mar Help Wanted Index (last 31) 10:30am Natural Gas Inventories 01:00pm Treasury's 5-year Note auction results
Events
Blood Products Advisory Committee meets at 2:00pm. HK analyst meeting. Fed's Mishkin speaks on Globalization at IMF in DC at 12:30pm. Fed's Fisher speaks on Economy in Austin at 3:15pm. Fed's Yellen speak on Economy in NYC at 7:30pm. Trading Ex-split: VLGEA 2-1.
Earnings
Before the Open: FLWS MMM AET ALK ALGN AEP APA ABI AACC AZN AGIX ALV AN AVT BLL BZH BDC BLC BMS BWA BOW BYD BMY BC BW BG CCMP CRR CAH CCBL CDI CRA CHIC CHKP CBR CCE CMCSA CNMD CNX CVG COT CFC CY DADE DO DDE DOW DSPG ELNK ELON EMCI EME ETR EPD EXAR XOM FSS F FO BEN GVHR GGL GR GHL GPI HAL HUB.B ICTG IKN IMCL NDE IDC ESI JAKK JNS JAH KDN KSU KEI KSWS FSTR LH LVLT LTM LECO LKQX ERIC LYTS LYO MHO HZO MBI MESA MEH MLNM MKSI MOBI MNC MNST MPS NAFC NCI NCR NWL NFX NEM NIHD NJR NWN NYX ODP ODFL OVRL PMTI PTRY PCCC PENN PLUG POT PCH QLTI RHD RESP ROK SWY SFUN SCG SLGN SO HOT SSYS SU SPWR SY SYPR TSM TEN TRA TMO TSCM TOC TDW TBL TKR LCC UST VLO VDSI VIGN VTNC WAB WMAR WST WRLD XMSR ZOLL. During Trading Hours: EGN EEE. After the Close: RNT ABAX ACTU AATI DOX AMIS ANEN APLX ARTC ASTSF AVID BIDU BJRI BRCM BPL BVN BLDR BLG CALD CSH CLDN CENX CNET COHU COLM CNXT CW DECK DV DRIV BOOM EMN ELX EEP EQIX EXTR FALC FII FBC FLEX HAR HIG HITT INSP IM INSU IDTI INTV XXIA JJSF KLAC KYPH LSCC LAUR LPNT LAD LAVA MEE MFE MDC WFR MRCY MTD MCHP MCRS MSCC MSFT MTX MPWR NABI NATI NTGR NETL NAL NEWP NMSS OLN ONNN OKE OKS OPWV OPLK OSIP PSEM PKI PLCM PSYS QDEL RACK RADS RSYS RSG ROP WINS SNDK SCSC SCRX SCUR SWIR SIMO SPF SRCL SPRT SYNA TNL TMWD ULTI UHS VSEA VIMC EICU VPRT VLCM WDC WGL WLL YRCW ZIGO.
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.
posted by Cannon Trading at 1:24 PM
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