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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, October 19, 2007

Futures Trading levels and Economic reports for Oct 22nd

 
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Dear Trader,
 
I guess some anniversaries are important!
 
Market sold off 41 points on the SP 500 and 367 on the cash down on the 20th anniversary of the Oct 1987 crash. The main difference between now and then is that todays sell off when transalted into percentage is much, much smaller.....(less than 3% )
 
It will be a jittery market Monday and risk/money management is probably the biggest factor when volatility increases like that.
 
Good trading!
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1564.57 2246.83 14157 846.05
Resistance 2 1552.53 2225.92 14033 836.40
Resistance 1 1529.17 2187.83 13797 817.30
Pivot 1517.13 2166.92 13673 807.65
Support 1 1493.77 2128.83 13437 788.55
Support 2 1481.73 2107.92 13313 778.90
Support 3 1458.37 2069.83 13077 759.80
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 785.77 1.4427 91.88 114 23/32
Resistance 2 780.13 1.4383 90.97 114  2/32
Resistance 1 774.27 1.4346 89.67 113 20/32
Pivot 768.63 1.4302 88.76 112 31/32
Support 1 762.77 1.4265 87.46 112 17/32
Support 2 757.13 1.4221 86.55 111 28/32
Support 3 751.27 1.4184 85.25 111 14/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, October 22, 2007


Economic
11:00am Treasury's 2 and 5 –year note announcements (unchanged at $18B and $13B respectively)
Events
8:15am US Fed's Kroszner speaks on Financial Markets in Washington, 7:00pm US Fed's Evans speaks on Economic outlook, 8:45pm ECB's Trichet speaks in NY, AFP Annual Conference, Trades Ex-split: DKS 2:1 Trades Ex-dividend: BK $0.24, SEH $0.135, BIF $0.115, FLI $0.121
Earnings
Before the Open: ASTE, AUO, BOH, CRNT, CHKP, ECL, GNTX, HAL, HAS, JAKK, KMB, MRK, PETS, PVTB, RGS, RCL, SGP, VECO, WFT, ZBRA After the Close: ALB, AXP, AMIS, APOL, AAPL, BRO, BKI, CR, DSCM, DST, EXP, EW, EFX, RE, FWRD, HXL, HUBG, JDAS, LNCR, NFLX, OMI, PTX, PRE, PCL, PLXT, RGA, SLG, TCO, TXN, TNB, TSS, UCTT, VLTR, BER, WCN, ZRAN
 
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 1:30 PM

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