Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Just as yesterday was a nice smooth sell off, today was a nice smooth rally (for the most part....).
Easy to see when the trading session is over, not so while in it.....one of the reasons trading is so hard.
Have a great trading day Thursday!
LEVELS:
| Contract (SEPT. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1503.20 | 2020.00 | 13402 | 813.18 |
| Resistance 2 | 1485.20 | 1991.00 | 13323 | 801.47 |
| Resistance 1 | 1475.30 | 1976.00 | 13282 | 795.43 |
| Pivot | 1457.30 | 1947.00 | 13203 | 783.72 |
| Support 1 | 1447.40 | 1932.00 | 13162 | 777.68 |
| Support 2 | 1429.40 | 1903.00 | 13083 | 765.97 |
| Support 3 | 1419.50 | 1888.00 | 13042 | 759.93 |
| | | | | |
| Contract | December Gold | Sept. Euro | Oct. Crude Oil | Sept. Bonds |
| Resistance 3 | 682.53 | 1.3842 | 75.46 | 112 12/32 |
| Resistance 2 | 680.27 | 1.3765 | 74.50 | 112 6/32 |
| Resistance 1 | 677.83 | 1.3726 | 74.01 | 111 26/32 |
| Pivot | 675.57 | 1.3649 | 73.05 | 111 20/32 |
| Support 1 | 673.13 | 1.3610 | 72.56 | 111 8/32 |
| Support 2 | 670.87 | 1.3533 | 71.60 | 111 2/32 |
| Support 3 | 668.43 | 1.3494 | 71.11 | 110 22/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, August 30, 2007
Economic
08:30AM Initial Jobless Claims (last 322K), Preliminary Q2 GDP (last 3.4%), Personal Consumption (last 1.3%), GDP Price Index (last 2.7%), Core PCE Q/Q (last 1.4%)
10:00AM July Help Wanted (last 26), Q2 House Price Index (last 0.5%)
10:30AM Natural Gas Inventories
01:00PM Treasury 5-year Note Auction results
Events
NVLS Q3 Mid-Quarter Update 4:30PM. Trades Ex-split: TISI 2:1, SSYS 2:1. Trades Ex-dividend: ANF $0.175, CG $0.455, HIG $0.50, LMT $0.35, LTR $0.063, MTB $0.70, PRM $2.15, SGP $0.75.
Earnings
Before the Open: BTH BF.B CIEN CONN DLM DDS DHT FRE GCO GRB HRB KIRK OPSW OSIS SHLD SKIL TIF UNFI VIP ZLC. After the Close: CPWM CMOS DLIA DELL DSW ESL HAIN ISLE JCG LTXX MRGE NINE OVTI OTEX RSTO SEAC SCMR WIND.
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.
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