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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, April 09, 2007

Trading levels and reports for April 10th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Another light volume day resulted is directionless , choppy trading day. looking at the calendar for the rest of the week, I would look for much higher volume and bigger movements in the market starting Wednesday.
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1463.00 1848.50 12707 824.25
Resistance 2 1460.50 1842.00 12687 821.75
Resistance 1 1457.50 1833.00 12664 819.75
Pivot 1455.00 1826.50 12644 817.25
Support 1 1452.00 1817.50 12621 815.25
Support 2 1449.50 1811.00 12601 812.75
Support 3 1446.50 1802.00 12578 810.75
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 688.53 1.3455 62.45 110 24/32
Resistance 2 685.77 1.3435 61.25 110 20/32
Resistance 1 681.33 1.3416 60.60 110 16/32
Pivot 678.57 1.3396 60.00 110 12/32
Support 1 674.13 1.3377 59.20 110  8/32
Support 2 671.37 1.3357 58.60 110  4/32
Support 3 666.93 1.3338 57.90 110     
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Apr 10th, 2007


Economic
10:00am Apr IBD/TIPP Economic Optimism (last 50.8)
Events
ICSC/UBSW Chain Store Sales (7:45, last 4.0%). Redbook Retail Sales (8:55, last 4.1%). IRIS, PALM analyst meetings. Credit Suisse Real Estate conference in NYC through 4/12. Fed's Mishkin speaks in VA at 9:30am. ABC Consumer Confidence (last -5). Fed's Plosser speaks on the Federal Reserve in Delaware at 7:30pm. Trading Ex-split: CMI 2-1.
Earnings
Before the Open: AZZ BKRS PACT TTWO. After the Close: AA ESIO.
 
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. 
 

posted by Cannon Trading at 1:14 PM

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