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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, August 27, 2007

Futures Trading levels and Economic reports for Aug. 28th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
This week is considered the last week of summer trading as most traders return to full speed after labor day weekend next week.
 
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 1487.67 1980.17 13475 805.67
Resistance 2 1483.73 1973.58 13445 802.33
Resistance 1 1475.87 1964.17 13395 796.17
Pivot 1471.93 1957.58 13365 792.83
Support 1 1464.07 1948.17 13315 786.67
Support 2 1460.13 1941.58 13285 783.33
Support 3 1452.27 1932.17 13235 777.17
         
Contract  December Gold Sept. Euro Oct. Crude Oil Sept. Bonds 
Resistance 3 678.97 1.3736 74.38 112  2/32
Resistance 2 677.93 1.3716 73.19 111 23/32
Resistance 1 677.07 1.3685 72.58 111 17/32
Pivot 676.03 1.3665 71.39 111  6/32
Support 1 675.17 1.3634 70.78 111     
Support 2 674.13 1.3614 69.59 110 21/32
Support 3 673.27 1.3583 68.98 110 15/32
 
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, August 28, 2007


Economic
09:00AM June S&P/CaseShiller Home Price Index (last 200.0)
10:00AM August Consumer Confidence (last 112.6), Richmond Fed Manufacturing Index (last 4)
02:00PM August 7th FOMC Minutes
Events
ICSC/UBSW Chain Store Sales (7:45, last 0.2%). Redbook Retail Sales (8:55, last 2.2%). ABC Consumer Confidence (last -11). Gartner Financial Services Technology Summit. Trades Ex-dividend: HD $0.225, LTD $0.15, UNP $0.35.
Earnings
Before the Open: CHINA CMED COCO SAFM TUES. During Market Hours: NX. After the Close: ANEN APSG BGP DY MCRS PEC SMTC LNUX NCTY.
 
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 1:06 PM

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