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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, October 23, 2007

Futures Trading levels and Economic reports for Oct. 24th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
More housing data tomorrow may spice up volatility again.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1541.90 2263.33 13908 823.17
Resistance 2 1534.70 2242.17 13819 822.33
Resistance 1 1524.90 2227.33 13763 820.67
Pivot 1517.70 2206.17 13674 819.83
Support 1 1507.90 2191.33 13618 818.17
Support 2 1500.70 2170.17 13529 817.33
Support 3 1490.90 2155.33 13473 815.67
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 772.57 1.4429 88.36 113 20/32
Resistance 2 769.03 1.4362 87.57 113 15/32
Resistance 1 766.07 1.4319 86.39 113 10/32
Pivot 762.53 1.4252 85.60 113  5/32
Support 1 759.57 1.4209 84.42 113     
Support 2 756.03 1.4142 83.63 112 27/32
Support 3 753.07 1.4099 82.45 112 22/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, October 24, 2007


Economic
10:00am Sep Existing home sales (last 5.5M , -4.3% m/m)
10:30am Crude Oil/Gasoline/Distillate Inventories
1:00pm Treasury's 2-year note auction
Events
4:15pm US Fed's Mishkin speaks on Financial Instability in NY, S&P 500 Addition End of Trade: NYX, Google Analyst Day, AACR-NCI-EORTC International conference, MBA Mortgage Applications (7:00, last 2.4%). Trades Ex-dividend: CL $0.36, OZRK, $0.12, PETM $0.03, PNR $0.15
Earnings
Before the Open: APD, ATI, ABK, AEP, ABI, ACAT, ASPM, ATMI, AN, BA, BOBJ, CACH, CSL, CRA, CPS, CTEC, CBR, CME, CCE, COP, GLW, CFR, DAI, DOV, ETH, FCX, GD, GENZ, HSC, KEM, KMT, KFT, LM, LII, MPX, MDP, MER, MLAN, MCO, MSM, NDAQ, NCC, NOV, NSC, NOC, NCX, OXY, PAS, PFCB, PRAI, PX, DGX, RAI, RES, R, SEE, SLAB, SNA, SWK, TASR, TIN, TRB, UNF, WAB, WLP During Trading Hours: BUD, EGN After the Close: RNT, ABAX, ACXM, AEIS, ADVS, AFFX, AEM, ARG, AKAM, ACL, ALGN, ACLI, ACF, AGP, ARRS, BBSI, BXP, CDNS, CLDN, CRUS, CPWR, CLB, EXBD, CSGP, CVD, CVA, EGP, ESIO, ESRX, EXTR, FFIV, FNF, FIS, FADV, FR, FISV, FORM, GDI, GGG, GRP, GSIC, HPC, IBKC, IGTE, INSU, IDTI, ICO, IRBT, KEX, LOOP, LSI, LMNX, MTSN, MDC, MRCY, MEOH, MCRI, MNST, MRH, MUR, NETL, NUVA, OI, PRXL, PCTI, PNSN, PSSI, PHM, QTM, STR, QDEL, RCRC, RNOW, RYL, SCSS, SMDI, SSCC, SFG, STAR, STTS, SYMC, SMMX, TEX, TLGD, TSCO, TQNT, TGI, TYL, VAR, WOOF, WSTL, WSH, ZL, ZMH
 
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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