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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, October 09, 2007

Futures Trading levels and Economic reports for Oct. 10th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Another strong day for stock indices following the release of FOMC minutes.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1596.60 2217.33 14422 865.18
Resistance 2 1586.80 2206.67 14333 858.72
Resistance 1 1581.90 2199.33 14287 854.73
Pivot 1572.10 2188.67 14198 848.27
Support 1 1567.20 2181.33 14152 844.28
Support 2 1557.40 2170.67 14063 837.82
Support 3 1552.50 2163.33 14017 833.83
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 759.40 1.4265 84.09 111 19/32
Resistance 2 752.70 1.4199 82.60 111 12/32
Resistance 1 747.90 1.4164 81.38 111  2/32
Pivot 741.20 1.4098 79.89 110 27/32
Support 1 736.40 1.4063 78.67 110 17/32
Support 2 729.70 1.3997 77.18 110 10/32
Support 3 724.90 1.3962 75.96 110     
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, October 10, 2007


Economic
10:00 Aug Wholesale Inventories (last 0.2%)
Events
8:00am Fed's Rosengren speaks about Real Estate in Portland, Maine, 8:00am: FDA Circulatory System Devices Panel, Biotechnology Industry Organization Investor forum, September Same Stores Sales to be reported after the close, MBA Mortgage Applications (7:00, last –2.7%). Trades Ex-dividend: YUM $0.15, GNW $0.10, MS $0.27, WFMI $0.18, PBOWP $0.50, BBT $0.46, ACN $0.420, ROP $0.065 .
Earnings
Before the Open: ACGY, HELE, HST, INFY, MON, PGR. After the Close: CSC, CREL, EMKR, RT

 
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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