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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, October 15, 2007

Futures Trading levels and Economic reports for Oct. 16th

 
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Dear Trader,
 
Quiet sell off today with a bounce towards the end of the session. More than a few important reports tomorrow should provide for an interesting session.
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1596.93 2245.50 14416 864.70
Resistance 2 1585.57 2225.00 14306 855.60
Resistance 1 1573.03 2203.00 14186 846.80
Pivot 1561.67 2182.50 14076 837.70
Support 1 1549.13 2160.50 13956 828.90
Support 2 1537.77 2140.00 13846 819.80
Support 3 1525.23 2118.00 13726 811.00
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 770.63 1.4344 90.00 111  1/32
Resistance 2 768.07 1.4303 88.15 110 25/32
Resistance 1 765.13 1.4262 87.21 110 19/32
Pivot 762.57 1.4221 85.36 110 11/32
Support 1 759.63 1.4180 84.42 110  5/32
Support 2 757.07 1.4139 82.57 109 29/32
Support 3 754.13 1.4098 81.63 109 23/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, October 16, 2007


Economic
9:00am Aug Net long-term TIC flows (last $19.2B), Aug Total Net TIC flows(last $103.8B)
9:15am Sep Industrial Production (last 0.2%), Sep Capacity Utilization (last 82.2%)
1:00pm Oct NAHB Housing Market Index (last 20)
2:00pm Fed Discount Rate Minutes
Events
FDA Cardiovascular and Renal Drugs Advisory Committee on phophate binders from dialysis population (Genzyme, Fresenius Medical Care to present), ICSC/UBSW Chain Store Sales (7:45, last 2.1%). Redbook Retail Sales (8:55, last 2.0%). ABC Consumer Confidence (last -13). Trades Ex-split: JBX 2-1 Trades Ex-dividend: DLM $0.04, FUL $0.065, WDFC $0.25
Earnings
Before the Open: AOS, DPZ, FRX, JNJ, KEY, MNI, PII, RF, STT, SVU, USB, WFC During Market Hours: DAL After the Close: AMB, CHB, CCK, CSX, ELS, EXFO, FSII, HBHC, INTC, LCBM, LLTC, PHHM, PNFP, RLRN, STX, SPSN, STLD, USNA, YHOO
 
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 1:22 PM

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