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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, September 04, 2007

Futures Trading levels and Economic reports for Sept. 5th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
First trading day of September started out with a nice rally but fizzled towards the close.
 
Short trading week ahead with only 3 trading days left. Trade well.
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1528.00 2089.33 13725 826.67
Resistance 2 1513.50 2064.17 13620 816.83
Resistance 1 1502.50 2044.33 13540 809.17
Pivot 1488.00 2019.17 13435 799.33
Support 1 1477.00 1999.33 13355 791.67
Support 2 1462.50 1974.17 13250 781.83
Support 3 1451.50 1954.33 13170 774.17
         
Contract  December Gold Sept. Euro Oct. Crude Oil Dec. Bonds 
Resistance 3 705.67 1.3771 77.20 112 15/32
Resistance 2 698.83 1.3717 76.23 112  6/32
Resistance 1 695.17 1.3666 75.65 111 25/32
Pivot 688.33 1.3612 74.68 111 16/32
Support 1 684.67 1.3561 74.10 111  3/32
Support 2 677.83 1.3507 73.13 110 26/32
Support 3 674.17 1.3456 72.55 110 13/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, September 05, 2007


Economic
7:30am August Challenger Job Cut Announcements
8:15am ADP employment Change (prior 48k)
9:00am Bank of Canada Interest Rate Decision
10:00am July Pending Home Sales m/m (prior 5.0%)
2:00pm Fed's Beige Book
Events
Roth Capital Partners 2007 New York Conference, 8:00 Antiviral Drugs Advisory Committee, Credit Suisse Biotechnology Conference, U.S. House Panel Hearing on the Credit Market, 11:00 Cisco Analyst Webcast, Apple Announcement Event, MBA Mortgage Applications (7:00, last –4.0%). Trades ex-split: NEOG 3:2 Trades Ex-dividend: AT $0.125, AIG $0.20, TXU $0.433, SMRT $0.063, S $0.025, PEP $0.375, HLT $0.04ades Ex-split, MRK $0.380, BKS $0.15
Earnings
Before the Open: AHII, BKRS, DSW, OSIS, SCMR. After the Close: ABM, ADCT, CWST, CASY, IIG, JCG, MATK, UWN
 
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 1:20 PM

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