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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, August 20, 2007

Futures Trading levels and Economic reports for August 21st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Relatively speaking.....we had a quiet day today with "only" 21 points range on the SP500 and "only" 1.7 million contracts trading on the mini SP 500......
 
Hope everyone will enjoy a successful trading week.
 
LEVELS:
 
Contract (Sept 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1480.23 1936.50 13439 809.30
Resistance 2 1468.37 1922.25 13330 801.90
Resistance 1 1458.73 1910.00 13239 795.80
Pivot 1446.87 1895.75 13130 788.40
Support 1 1437.23 1883.50 13039 782.30
Support 2 1425.37 1869.25 12930 774.90
Support 3 1415.73 1857.00 12839 768.80
         
Contract  Dec Gold Sept. Euro Sept. Crude Oil Sept. Bonds 
Resistance 3 675.83 1.3567 62.45 111  8/32
Resistance 2 673.17 1.3545 61.25 110 29/32
Resistance 1 669.83 1.3517 60.60 110 18/32
Pivot 667.17 1.3495 60.00 110  7/32
Support 1 663.83 1.3467 59.20 109 28/32
Support 2 661.17 1.3445 58.60 109 17/32
Support 3 657.83 1.3417 57.90 109  6/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, August 21, 2007


Economic
None Seen
Events
ICSC/UBSW Chain Store Sales (7:45, last –0.9%). Redbook Retail Sales (8:55, last +2.3%). Fed's Lacker North Carolina Risk Management Group 12:30PM. ABC Consumer Confidence (last -11). Gartner Future of IT Conference. Bank of New York GSA SmartPay Conference. Trades Ex-dividend: ASF $0.11 KCP $0.18 MXIM $0.19 SMG $0.125 TOC $0.245
Earnings
Before the Open: ARXT AEO BJ DKS MYGN RTLX SKS SPLS TGT. After the Close: ACS ADI BCSI CALL CLZR JKHY MDT PBY.
 
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

 
* Important Please Note: 
IMPORTANT PLEASE NOTE:  TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS.  THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS.  THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS.   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 1:41 PM

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