Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Stocks finshed on their lows after 4 days of strong selling.
Monday in specific and next week in general will be very interesting.
Have a relaxing weekend and a good trading day Monday.
LEVELS:
| Contract (SEPT. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1521.17 | 2048.00 | 13781 | 815.73 |
| Resistance 2 | 1508.33 | 2030.50 | 13678 | 806.87 |
| Resistance 1 | 1483.17 | 1997.00 | 13481 | 789.73 |
| Pivot | 1470.33 | 1979.50 | 13378 | 780.87 |
| Support 1 | 1445.17 | 1946.00 | 13181 | 763.73 |
| Support 2 | 1432.33 | 1928.50 | 13078 | 754.87 |
| Support 3 | 1407.17 | 1895.00 | 12881 | 737.73 |
| | | | | |
| Contract | August Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds |
| Resistance 3 | 668.73 | 1.3862 | 79.51 | 110 25/32 |
| Resistance 2 | 665.77 | 1.3819 | 78.31 | 110 16/32 |
| Resistance 1 | 662.93 | 1.3738 | 77.66 | 110 4/32 |
| Pivot | 659.97 | 1.3695 | 76.46 | 109 27/32 |
| Support 1 | 657.13 | 1.3614 | 75.81 | 109 15/32 |
| Support 2 | 654.17 | 1.3571 | 74.61 | 109 6/32 |
| Support 3 | 651.33 | 1.3490 | 73.96 | 108 26/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Monday, July 30, 2007
Economic
Events
Treasury Secretary Paulson travels to China (Mon-Wed). Joint Meeting of the Endocrinologic and Metabolic Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee meets at 8:00am. Trades Ex-split: GMCR 3-1, SJR 2-1. Trades Ex-dividend: AOC $0.18, BWA $0.17, CTX $0.04, CHAP $0.10, DJ $0.25, HAS $0.16, RX $0.03, PNW $0.525, SOV $0.08, WL $0.335.
Earnings
Before the Open: ACV ARLP ADM ARM SAN BWP BVN CCJ CAN CTCM DCO FPL GEHL HUM SFI JAH LTR MNST NTE NNN NSTC NS RSH ROC SRP SPG TSN. After the Close: ACTU AATI AMMD APC ANDW CF CTV CYH CTS CVTX CYTC EXP EFII FARO FRK FTI FDG HCP ININ IVAC MTW MRT ODSY OSIP OXM PPS PWAV PFG RADN RCII SIE SIMO SONO SFN SUNW SPN TFX TXRH TRMA UDR VMC.
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.
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