Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Another volatile day, this time to the upside.
More than a few reports our way tomorrow as well as plenty of earning reports. Be ready for another volatile session on the last trading day for July.
LEVELS:
| Contract (SEPT. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1499.50 | 2018.00 | 13655 | 812.42 |
| Resistance 2 | 1492.00 | 2007.00 | 13553 | 801.83 |
| Resistance 1 | 1475.00 | 1986.00 | 13481 | 794.17 |
| Pivot | 1467.50 | 1975.00 | 13379 | 783.58 |
| Support 1 | 1450.50 | 1954.00 | 13307 | 775.92 |
| Support 2 | 1443.00 | 1943.00 | 13205 | 765.33 |
| Support 3 | 1426.00 | 1922.00 | 13133 | 757.67 |
| | | | | |
| Contract | August Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds |
| Resistance 3 | 669.97 | 1.3847 | 78.52 | 110 8/32 |
| Resistance 2 | 667.03 | 1.3788 | 77.89 | 110 3/32 |
| Resistance 1 | 665.57 | 1.3750 | 77.36 | 109 27/32 |
| Pivot | 662.63 | 1.3691 | 76.73 | 109 22/32 |
| Support 1 | 661.17 | 1.3653 | 76.20 | 109 14/32 |
| Support 2 | 658.23 | 1.3594 | 75.57 | 109 9/32 |
| Support 3 | 656.77 | 1.3556 | 75.04 | 109 1/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, July 31, 2007
Economic
08:30am Jun Personal Income (last 0.4%), Personal Spending (last 0.5%), PCE Core (last 0.1%), PCE Deflator Y/Y (last 2.3%), Q2 Employment Cost Index (last 0.8%)
09:00am May S&P/CS Composite-20 Home Price Index (last –2.1%)
09:45am Jul Chicago Purchasing Manager (last 60.2)
10:00am Jul Consumer Confidence (last 103.9), NAPM-Milwaukee (last 66.0), Jun Construction Spending (last 0.9%)
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.5%). Redbook Retail Sales (8:55, last 2.8%). Joint Meeting of the Gastrointestinal Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee meets at 8:00am. ABC Consumer Confidence (last -5). Trades Ex-split: DIOD 3-2. Trades Ex-dividend: ALEX $0.29, CAG $0.18, FELE $0.12, JBHT $0.09.
Earnings
Before the Open: AG ALU AMED AEP AHG ARJ ADP AUXL AVP BEAV MBS BPHX BRKR CAM CACS CBS FUN COH CVH CRY ETR EEE FSRV FDP IT GM GPI GTXI HC HW HMA HSII HLT HEP HOLX HUN IMCL IPSU INFS IACI IVC LDR LCAV LIZ MHO MMP MRO MCS MAS MCGC MTCT NCR NNI NURO UWN GAS NMX ONNN OSTK PEI PER PPC PMI RBC RTIX RJET SAF SGK SMG SINT SIRI SAH JOE THOR TKR TWP UA UTHR VCI VLO VNO WMI WEC. After the Close: ALO ACAS AFG AMKR ANSR AOC AVR BBBB BWLD CEDC CEPH CMG CHRD OFC CCI DENN XRAY DWA DRC EDR EHTH HLTH EAC ENTU EQR FEC FCH FSLR FBC GGP BGC GMR HS SOLD HTCH KFRC LFG XPRT LXRX LNC LNET MXWL MET MIL MPWR MOSY NVT NCIT NAL OIS OSUR PDFS PLMD RNWK RNR RTI RUTH SLRY SVNT SIRF SPSS SWN SVR TWPG TRMB TTMI TUP OVEN VPRT WTS WBMD WFMI WMGI.
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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