Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Another new high today on the SP but I am not seeing enough follow through and suspect we may be due for a correction, however would not try to run infront of this train with out a game plan and stops.
LEVELS:
| Contract (JUNE 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1496.20 | 1871.17 | 13004 | 836.98 |
| Resistance 2 | 1490.30 | 1862.33 | 12947 | 834.87 |
| Resistance 1 | 1485.30 | 1854.17 | 12899 | 831.48 |
| Pivot | 1479.40 | 1845.33 | 12842 | 829.37 |
| Support 1 | 1474.40 | 1837.17 | 12794 | 825.98 |
| Support 2 | 1468.50 | 1828.33 | 12737 | 823.87 |
| Support 3 | 1463.50 | 1820.17 | 12689 | 820.48 |
| | | | | |
| Contract | June Gold | June Euro | June Crude Oil | June Bonds |
| Resistance 3 | 700.77 | 1.3713 | 62.45 | 111 27/32 |
| Resistance 2 | 698.03 | 1.3681 | 61.25 | 111 22/32 |
| Resistance 1 | 695.67 | 1.3652 | 60.60 | 111 19/32 |
| Pivot | 692.93 | 1.3620 | 60.00 | 111 14/32 |
| Support 1 | 690.57 | 1.3591 | 59.20 | 111 11/32 |
| Support 2 | 687.83 | 1.3559 | 58.60 | 111 6/32 |
| Support 3 | 685.47 | 1.3530 | 57.90 | 111 3/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, April 19, 2007
Economic
08:30am 30am Initial Jobless Claims (last 342K) 10:00am Mar Leading Indicators (last –0.5%) 10:30am Natural Gas Inventories 11:00am Treasury's 5-year TIPS Note funding announcement 12:00pm Apr Philadelphia Fed (last 0.2)
Events
Medical Devices Dispute Resolution Panel of the Medical Devices Advisory Committee meets at 8:30am. PFE analyst day. Fed's Yellen gives brief remarks on Economic Development in LA at 3:50pm. Fed's Fisher speaks on Japan in Dallas at 8:30pm.
Earnings
Before the Open: MO ASD AME ARB AVCT BAC BAX BBT BLK BGG BOT CHZ CAL CBE DHR DHI FCS FITB GCI GPC HOG HSY HNI HBAN IEX IGT JRC KVHI LSTR MAR MEG MRK VIVO MER NDAQ NYT NE NOK NUE OXPS BTU PPG DGX RS SGP POOL SHW SKYF LUV SPNC STJ SVU TASR TXT TSS UTEK UNP UNH USAK WSO WCC WYE. During Trading Hours: AXP. After the Close: ACMR AMD AH COF CERN CREE CYBS CYT FNB FDC GOL GOOG HIFN HUBG HYSL INFA IUSA ISRG KNL LEG LNET MHK MOLX OO PKTR PGI RHI SIRF STMP TCO TPX XPRSA UB ZHNE ZION.
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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