Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
1505 is the next resistance on the June SP 500. Will be interesting to see what the market does tomorrow ahead of Friday's monthly un-employment figures.
LEVELS:
| Contract (JUNE 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1517.83 | 1930.33 | 13409 | 852.40 |
| Resistance 2 | 1511.17 | 1917.92 | 13349 | 843.00 |
| Resistance 1 | 1506.13 | 1908.33 | 13299 | 836.80 |
| Pivot | 1499.47 | 1895.92 | 13239 | 827.40 |
| Support 1 | 1494.43 | 1886.33 | 13189 | 821.20 |
| Support 2 | 1487.77 | 1873.92 | 13129 | 811.80 |
| Support 3 | 1482.73 | 1864.33 | 13079 | 805.60 |
| | | | | |
| Contract | June Gold | June Euro | June Crude Oil | June Bonds |
| Resistance 3 | 683.73 | 1.3699 | 65.67 | 112 8/32 |
| Resistance 2 | 679.97 | 1.3669 | 65.02 | 112 2/32 |
| Resistance 1 | 677.53 | 1.3644 | 64.35 | 111 29/32 |
| Pivot | 673.77 | 1.3614 | 63.70 | 111 23/32 |
| Support 1 | 671.33 | 1.3589 | 63.03 | 111 18/32 |
| Support 2 | 667.57 | 1.3559 | 62.38 | 111 12/32 |
| Support 3 | 665.13 | 1.3534 | 61.71 | 111 7/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, May 03, 2007
Economic
08:30am 30am Initial Jobless Claims (last 321K), Q1 Preliminary Nonfarm Productivity (last 1.6%), Unit Labor Costs (last 6.6%) 10:00am Apr ISM Non-Manufacturing (last 52.4) 10:30am Natural Gas Inventories
Events
CYMI, INTC analyst meeting. Goldman Sachs Alternative Energy conference in NYC through 5/3. DB Healthcare conference in DC through 5/3. Morgan Stanley Global Healthcare conference in FL through 5/4. Trades Ex-dividend: C $0.54, INTC $0113, SO $0.403.
Earnings
Before the Open: ASVI AGU AMRI AFR ANDW ANSS ARQL SAN BLT CVC CALP CBS FUN CELG CETV CTL CHTR CMS CXW DF DNR DSX DSCO ECIL EDO RDEN EPL EL FRP FAF FE IT GM GTIV GIL GLBL GTI GBBK GMCR HAIN HOS HURN HYC IAR INCY IACI IFF IP ITG IWA KIM KOP LXP LINC CLI MSO MEDI MGM MINI NRP BABY NI NBL NUS OMX OMG OSK PTEN PQ PDGI PXP PYX PPL QCCO PWR RHB RRI RSTI SVM SNN STRA SFY SMA TSO PNX TWTI THOR THE TWGP TRXI USPH ULBI VCI VICL WNR WLK WMB WWE WPL. After the Close: ARE ARP ANDE AOC AGO ADBL AVNX BEBE BBND BIO BLKB BKHM CAB CAMD ELY CAPA CECO CBOU CBEY CTLM CEM CHK IMOS CSTR TRAK DMRC HILL DNB EDS EHTH HLTH EAC EVC ERES EXEL FSLR GSX GMST GSF GSIG HTGC IDSY IMMR IBI ITMN SWIM IPAS DMX LF LOOK MWY NBR NFS NTCT NBIX NEXT NXG PACR PAA PSA QLGC RAE SGMS SFLY SGTL SIMG SNCI SRSL SM SBUX TWLL TELK TX TSRA THI TRMB TGI UNCA UDRL USTR UEIC VCLK WCAA WTW WRI WMS.
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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