Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
The market had about 20 point range today only to finish pretty much unchanged....
Tomorrow the market will absorb some economic numbers along with plenty of earnings before and after the market.
Trade well.
LEVELS:
| Contract (SEPT. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1554.33 | 2061.08 | 14045 | 843.00 |
| Resistance 2 | 1543.17 | 2048.17 | 13965 | 834.00 |
| Resistance 1 | 1533.33 | 2035.83 | 13900 | 824.50 |
| Pivot | 1522.17 | 2022.92 | 13820 | 815.50 |
| Support 1 | 1512.33 | 2010.58 | 13755 | 806.00 |
| Support 2 | 1501.17 | 1997.67 | 13675 | 797.00 |
| Support 3 | 1491.33 | 1985.33 | 13610 | 787.50 |
| | | | | |
| Contract | August Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds |
| Resistance 3 | 686.20 | 1.3957 | 79.29 | 109 21/32 |
| Resistance 2 | 682.60 | 1.3905 | 77.59 | 109 10/32 |
| Resistance 1 | 678.20 | 1.3823 | 76.74 | 109 3/32 |
| Pivot | 674.60 | 1.3771 | 75.04 | 108 24/32 |
| Support 1 | 670.20 | 1.3689 | 74.19 | 108 17/32 |
| Support 2 | 666.60 | 1.3637 | 72.49 | 108 6/32 |
| Support 3 | 662.20 | 1.3555 | 71.64 | 107 31/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, July 26, 2007
Economic
08:30am Initial Jobless Claims (last 301K), Jun Durable Goods Orders (last –2.4%), Durables Ex Transportation (last –0.4%)
10:00am Jun New Home Sales (last 915K), Help Wanted Index (last 27)
10:30am Natural Gas Inventories
01:00pm Treasury's 5-year Note auction results
Events
Cellular, Tissue, and Gene Therapies Advisory Committee meets at 11:00am. MSFT analyst meeting. Trades Ex-dividend: WPO $2.05, UNM $0.075.
Earnings
Before the Open: MMM AET AAI ALK ALEX ABC ARTG ABG AGIX AUO ALV AN AVX BLL BLDP BKUNA BZH BDX BDC BHE BDK BBI BWA BMY BC BBW BG CCMP CRR CDI CELG CCE CMCSA CNMD CNX DLX DO DDE DOW DHI DEP ELNK ELON ELN EME EPD EQT EXC FSS FSNM F BEN RAIL GPN GGL GR HSC HCR ICLR ICTG IKAN IKN INCY IDC ICE JNS KSU K KSWS KLIC FSTR LLL LVLT LTM LECO LKQX LYO HZO MATR MBI MEDE MKSI MNRO MPS MYL NCC NCI NWL NIHD JNC ODFL ORI PMTI PCCC PENN PCZ PNW POT PCH POZN PDS PLD QLTI RHD RDWR RTN REDF RGC COL RCL SFUN SO SPAR SPR STRA SYNT TDY TEN TRA PNX TMO TSCM TWTI TOC TDW TRV UTEK LCC UST VDSI VIGN WEN WHQ WRLD XMSR. During Trading Hours: EGN NFX. After the Close: ABAX AMGN APLX ARTC AVID BEZ BJRI BFAM BPL BLDR BLG CALD CSH CHRT CLF CNET COHU COLM CPWR CNXT DVW CW CYMI DECK DRIV BOOM EMN EQ ESLR FALC FII FLEX FDRY GNSS GNW HIG HTGC HITT IM INSU IDTI XXIA JJSF KLAC LNCE LSCC LWSN LPNT LAD LAVA MEE MFE MCK MRCY MMSI MTH MTD MCHP MSCC MTX NATI NTGR NTCT OLN ORCC PKI PXLW PWER PGI QLGC QDEL RACK RADS RSYS RSG RVBD ROP SCUR SIGI SMI SIX SSCC STMP SPF SPRT TNL TMWD ULTI UHS VSEA WOOF VRSN EICU VLCM WRI WDC YRCW.
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.
1 Comments:
Hi
Your blog is quite nice and informative.
As far as stock market is concerned. Trading in market requires
both time and Knowledge. Without these two factors its impossible to trade .
If you get recommendations from some specialist then also you must keep in mind its your money you
should invest it wisely. Its always advisable to get recommendations from analyst but again before investing you should do your research also.
Indian stock market is very high already now wait for dips before going long in Nifty or in some script.
We are bullish on Indian stock market to reach new highs.. Sensex is due to kiss 15000 mark in just one month. So count on us.
We hope it has given idea that you dont have to short your positions, Just hold them for a while to see real upmovement.
If you have any Query please feel free to contact us.
BEST BUY- BUY INFOSYS and keep it for long term its target is 4000 in long term. If you want to know reason contact us.
Regards n love
Sharetipsinfo team
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