Futures Trading levels and Economic reports for Oct. 25th
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Dear Trader,
I mentioned yesterday that I thought todays housing data will inject more volatility into the market...if I could only predict when and in which direction (-:
Market conditions are what I classify as FAST or EXTREME, i.e. large movements that happen within seconds at times. Be very careful in how you trade and when the market moves that fast, "mental stops" don't work....you need to place hard stops in the system.
Good trading.
LEVELS:
| Contract (DEC. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1560.53 | 2276.83 | 14008 | 821.67 |
| Resistance 2 | 1542.27 | 2242.67 | 13867 | 819.83 |
| Resistance 1 | 1532.23 | 2222.33 | 13788 | 816.67 |
| Pivot | 1513.97 | 2188.17 | 13647 | 814.83 |
| Support 1 | 1503.93 | 2167.83 | 13568 | 811.67 |
| Support 2 | 1485.67 | 2133.67 | 13427 | 809.83 |
| Support 3 | 1475.63 | 2113.33 | 13348 | 806.67 |
| Contract | December Gold | Dec. Euro | Dec. Crude Oil | Dec. Bonds |
| Resistance 3 | 776.73 | 1.4383 | 91.84 | 115 2/32 |
| Resistance 2 | 771.87 | 1.4332 | 89.82 | 114 19/32 |
| Resistance 1 | 768.73 | 1.4302 | 88.73 | 114 9/32 |
| Pivot | 763.87 | 1.4251 | 86.71 | 113 26/32 |
| Support 1 | 760.73 | 1.4221 | 85.62 | 113 16/32 |
| Support 2 | 755.87 | 1.4170 | 83.60 | 113 1/32 |
| Support 3 | 752.73 | 1.4140 | 82.51 | 112 23/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, October 25, 2007
Economic
8:30am Initial Jobless Claims (last 337K, Continuing Claims last 2.53M), Sep Durable Goods orders (last –4.9%, ex transportation last –1.8%)
10:00am Sep New Home Sales (last 795K, –8.3% m/m), Sep Help Wanted Index (last 23)
10:30am Natural Gas Inventories
1:00pm Treasury's 5-year note auction
Events
9:00am US Fed's Consumer Advisory Council to discuss Mortgage Rules, China GDP release, Canaccord Adams Global Energy Conference, Trades Ex-dividend: UNM $0.075, GS $0.35, PLL $0.12
Earnings
Before the Open: ACPW, EYE, AET, AMG, ATG, ALK, ACV, ALXN, AMED, AFR, APA, ARQL, AGIX, ALV, AVT, AVX, BLL, BLDP, BDC, BLC, BHE, BDK, BKHM, BWA, BOW, BMY, BW, BG,CBH, CCMP, CRR, CBZ, CCBL, CDI, CELG, CEN, CXG, CMCSA, CNMD, CNX, COT, CVTI, CMI, DLX, DO, DRAD, DTG, DDE, DVD, DOW, DEP, ELNK, ECIL, ELN, EMC, EME, ECA, ESV, EPD, EQT, EL, SSP, FSS, FLIR, BEN, GMT, GGL, GR, GT, GHL, HBI, HC, HET, HHS, HCR, HTV, HMC, HUB.B, HUN, ICTG, IKN, IMN, IMCL, IPCC, IDC, ICE, ISE, ESI, JNS, KSU, KEYS, FSTR, LLL, LH, LAB, LMS, LTM, LIFC, LECO, LIZ, LKQX, ERIC, LYTS, LYO, MGLN, MATR, MBI, MWV, MEDE, MSTR, MEH, MKSI, MOT, MPS, NWL, NFX, NIHD, CHUX, OMX, ODFL, ORI, OFIX, OVRL, PTIE, PMTI, PTI, PCCC, PENN, PCZ, PNW, PLUG, POT, PCH, PDS, PLD, QLTI, RHD, RSH, RJF, RTN, RGC, RTIX, RESP, ROK, SFUN, SEIC, SIFY, SLGN, SPIL, SO, SPAR, HOT, SU, SY, SNV, SYNT, SYPR, TSM, TDY, TRA, MDCO, TMO, TSCM, TOC, TBL, TKR, TRV, UMC, LCC,UST, VDSI, VIGN, WMAR, WHQ, WEC, WPL, WWY, XEL, XMSR During Trading Hours: PPP, TOMO After the Close: AEA, AYE, AIMC, ACAP, AMGN, ANEN, AMCC, APLX, ARBA, ARTC, ASIA, AVID, BIDU, BEZ, BJRI, EPAY, BFAM, BPL, BLDR, BLG, COG, CALD, CSH, POS, CLS, CX, CENX, CF, CTHR, CLF, CNET, COHU, COLM, CVGI, CTV, DVW, CCI, CW, CYTC, DECK, DV, DRIV, DBTK, DDR, BOOM, EMN, ELX, ESLR, FALC, FII, FCTR, FMD, FDRY, FRNT, GNW, HAR, HIG, HITT, IKAN, IM, ISSU, IBKR, ITMN, XXIA, KLAC, KOSN, LDSH, LFL, LSCC, LPNT, LAD, LAVA, MEE, MFE, WFR, MMSI, MCRL, MCRS, MSFT, MTX, MOBE, MRT, NAI, NTGR, NTCT, NEXT, EGOV, NVTL, ORCC, OPWV, OPLK, OSIP, PSEM, PKI, PXLW, PYX, POWI, PWER, PSYS, RACK, RADS, RADN, RARE, ROP, RRR, SCSC, CKH, SIGI, SWIR, SKX, SNCI, STMP, SPF, STNR, SRCL, CYNA, SNCR, TNL, TTEC, TRID, TMWD, ULTI, UNTD, VSEA, EICU, VPRT, VVUS, WEN, GB, YRCW, ZIGO
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 1:09 PM
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