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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, November 12, 2007

Futures Trading levels and Economic reports for Nov. 13th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
I thought the market would have been a bit quieter today as banks were closed as well as trading in treasury bonds, however we witnessed another volatile session and finished the day about 60 points lower on the Dow.
 
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1488.67 2097.33 13313 797.77
Resistance 2 1478.83 2074.67 13245 791.38
Resistance 1 1460.17 2031.33 13122 779.07
Pivot 1450.33 2008.67 13054 772.68
Support 1 1431.67 1965.33 12931 760.37
Support 2 1421.83 1942.67 12863 753.98
Support 3 1403.17 1899.33 12740 741.67
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 831.47 1.4795 98.08 115 21/32
Resistance 2 823.23 1.4741 97.14 115  7/32
Resistance 1 815.47 1.4642 95.42 114 30/32
Pivot 807.23 1.4588 94.48 114 16/32
Support 1 799.47 1.4489 92.76 114  7/32
Support 2 791.23 1.4435 91.82 113 25/32
Support 3 783.47 1.4336 90.10 113 16/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, November 13, 2007


Economic
10:00am Nov IBD/TIPP Optimism (last 47.3)
2:00pm Oct Monthly Budget Statement (last -$49.3B)
3:00pm Sep Pending Home Sales (last –6.5% m/m)
Events
1:15pm Fed's Kroszner speaks on Basel II in NY, ITT 2007 Analyst Day, MSFT Annual Shareholder Meeting, Gartner Healthcare IT Summit, CSC/UBSW Chain Store Sales (7:45, last 2.4%). Redbook Retail Sales (8:55, last 1.9%). ABC Consumer Confidence (last -15). Trades Ex-dividend: AMAT $0.06, AET $0.04, AVP $0.185, PH $0.21, CIT $0.25, O added to the S&P 400 after the close
Earnings
Before the Open: GTLS, ERJ, FIG, FOSL, GILT, HD, IAG, NAFC, PPC, SCHS, TJX, USBE, WMT During Trading Hours: LNY, RAME After the Close: CNTF, IMOS, DIET, EXM, GUID, LZB, OMPI, OCNW, STEC, XFML
 
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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