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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, October 01, 2007

Futures Trading levels and Economic reports for Oct. 2nd

 
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Dear Trader,
 
October started with a bullish tone with the Dow Jones finishing the day up 191 points (basis the cash) in what seemed to be a quiet, steady rally.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1580.30 2176.17 14449 859.58
Resistance 2 1570.50 2159.83 14322 845.67
Resistance 1 1559.10 2147.67 14240 837.83
Pivot 1549.30 2131.33 14113 823.92
Support 1 1537.90 2119.17 14031 816.08
Support 2 1528.10 2102.83 13904 802.17
Support 3 1516.70 2090.67 13822 794.33
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 764.00 1.4363 84.21 112 17/32
Resistance 2 759.50 1.4332 83.11 112  5/32
Resistance 1 756.80 1.4292 81.64 111 30/32
Pivot 752.30 1.4261 80.54 111 18/32
Support 1 749.60 1.4221 79.07 111 11/32
Support 2 745.10 1.4190 77.97 110 31/32
Support 3 742.40 1.4150 76.50 110 24/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, October 02, 2007


Economic
10:00am Aug Pending Home sales (m/m last –12.2%)
Events
1:00pm Fed's Fisher Speaks to Dallas Chamber of Commerce, Sep total Vehicle Sales (last 16.3M), Sep Domestic Vehicle Sales (last 12.7M), KSS Analyst Meeting, 2007 Private Equity Energy Forum, Ciena Annual Analyst Day, DB Global CDO and Credit Opportunity Fund Conference, DB Leveraged Finance Conference, ICSC/UBSW Chain Store Sales (7:45am, last 2.4%). Redbook Retail Sales (8:55am, last 1.6%). ABC Consumer Confidence (last -11). Trades Ex-split: JCI 3-1, PH 3-2, MNRO 3-2, CLDA 3-2, SLP 2-1 Trades Ex-dividend: ALOG $0.10, CAE $0.18, CBH $0.13, BEN $0.15, ERIE $0.40
Earnings
Before the Open: PBG After the Close: None Seen
 
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 1:17 PM

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