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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, October 22, 2007

Futures Trading levels and Economic reports for Oct. 23rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Market some what stablized today after the strong sell off Friday. Might be too soon to call this a short term bottom since the end result was a minor up day. What we do know is that volatility is back and that sometimes your trading day can depend more on the trades you DON'T take, rather than the ones you do.....i.e be selective.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1541.70 2233.67 13865 849.20
Resistance 2 1528.60 2205.33 13750 832.60
Resistance 1 1520.90 2188.67 13680 823.80
Pivot 1507.80 2160.33 13565 807.20
Support 1 1500.10 2143.67 13495 798.40
Support 2 1487.00 2115.33 13380 781.80
Support 3 1479.30 2098.67 13310 773.00
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 772.83 1.4543 89.24 114  9/32
Resistance 2 766.67 1.4453 88.12 113 30/32
Resistance 1 763.33 1.4319 86.97 113 21/32
Pivot 757.17 1.4229 85.85 113 10/32
Support 1 753.83 1.4095 84.70 113  1/32
Support 2 747.67 1.4005 83.58 112 22/32
Support 3 744.33 1.3871 82.43 112 13/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, October 23, 2007


Economic
10:00am Oct Richmond Fed Manufacturing Index (last 14)
1:00pm Treasury's 5-year TIPS auction
Events
EuroFinance Treasury, Risk and Cash Management in South Africa Conference, ICSC/UBSW Chain Store Sales (7:45, last 2.5%). Redbook Retail Sales (8:55, last 2.6%). ABC Consumer Confidence (last -13). Trades Ex-dividend: AMN $0.25, FOR $0.04
Earnings
Before the Open: FLWS, AKS, ALDN, AXE, AIT, ARW, ARTG, T, AVY, BKUNA, BIIB, EAT, BNI, CE, CNC, CNH, COH, CMCO, CBE, DD, ELON, FMER, ICLR, IHP, IIVI, JBLU, JCI, JRN, KELYA, KRC, KCI, LVLT, LXK, LMT, MDU, MICC, MNRO, NYT, OMC, OXPS, PCAR, PNR, PTEC, PCP, PRSP, RDWR, RYN, ROH, SAY, POOL, SHW, SII, STFC, TROW, AMTD, TLAB, TNC, TRAD, UAUA, UIS, USAP, UPS, USG, VTNC, WDR, WAT, WU, WHR, WTNY, WRLD, XTO During Trading Hours: TZOO After the Close: ACE, AFL, AMZN, AMSG, ANAD, AJG, AV, BRCM, BTUI, CHRW, BCR, CLMS, CLZR, CRI, CSCD, CEC, CTX, CAKE, CB, CNW, CSGS, CTS, CYMI, DDUP, DFG, EFII, WIRE, ENTU, EPIC, EPIQ, EEFT, FLEX, GSIG, HLIT, HOKU, ILMN, INFN, JNPR, LDIS, MANH, MCHP, NBR, NARA, NVLS, NTRI, ORLY, PNRA, PFWD, PLT, PTP, PPDI, QLGC, RJET, RFMD, RVBD, SEAB, STM, SUPX, SWN, TRMB, TRMK, TUP, VOCS, XL
 
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 1:18 PM

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