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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, May 23, 2007

Futures Trading levels and Economic reports for May 24th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Be careful as tensions are rising with Iran.
 
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1544.03 1949.50 13722 855.58
Resistance 2 1539.87 1940.75 13679 851.67
Resistance 1 1532.63 1925.50 13620 844.83
Pivot 1528.47 1916.75 13577 840.92
Support 1 1521.23 1901.50 13518 834.08
Support 2 1517.07 1892.75 13475 830.17
Support 3 1509.83 1877.50 13416 823.33
         
Contract  June Gold June Euro July Crude Oil June Bonds 
Resistance 3 668.97 1.3602 67.45 110  6/32
Resistance 2 667.13 1.3559 66.82 109 30/32
Resistance 1 664.87 1.3516 66.30 109 19/32
Pivot 663.03 1.3473 65.67 109 11/32
Support 1 660.77 1.3430 65.15 109     
Support 2 658.93 1.3387 64.52 108 24/32
Support 3 656.67 1.3344 64.00 108 13/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, May 24, 2007


Economic
08:30am Initial Jobless Claims (last 293K), Apr Durable Goods Orders (last 4.3%), Durables Ex Transportation (last 1.4%)
10:00am Apr New Home Sales (last 858K)
10:30am Natural Gas Inventories
11:00am Treasury's 2-year and 5-year Note funding announcements
Events
Citigroup Healthcare conference in NYC through 5/24. Goldman Sachs Internet conference in Las Vegas through 5/24. BSX, FOE, GIVN, LSTR, RX, TEX analyst meetings. Fed's Mishkin speaks on Measuring GDP in Dallas at 8:00pm. Trades Ex-dividend: JNJ $0.415.
Earnings
Before the Open: AMSC ANN BKS BBA BWS CAMT CMRG CTR CHRS DEBS FLO HRL KEYS LTON MM MYL NWY PDCO SAFM SCVL SSI SMRT TOL TTC. After the Close: ARO CTRN CPWM DITC GPS HIBB HRAY MENT NDSN RRGB LNUX VRGY.
 
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 / commodity broker
Cannon Trading Co Inc. - home of online futures trading
http://www.cannontrading.com 
http://www.E-Futures.com 
ilan@cannontrading.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 1:29 PM

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