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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, November 13, 2007

Futures Trading levels and Economic reports for Nov. 14th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
That was some rally! The million dolar question: Is this just a short covering rally on the hills of positive walmart news or was that a medium term bottom we witnessed.....
 
LEVELS:
 
Contract (Dec 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1526.27 2151.00 13720 812.33
Resistance 2 1506.13 2113.00 13535 802.27
Resistance 1 1495.07 2092.00 13435 796.13
Pivot 1474.93 2054.00 13250 786.07
Support 1 1463.87 2033.00 13150 779.93
Support 2 1443.73 1995.00 12965 769.87
Support 3 1432.67 1974.00 12865 763.73
         
Contract  Dec Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 820.57 1.4769 62.45 114 30/32
Resistance 2 814.93 1.4704 61.25 114 24/32
Resistance 1 806.97 1.4657 60.60 114 19/32
Pivot 801.33 1.4592 60.00 114 13/32
Support 1 793.37 1.4545 59.20 114  8/32
Support 2 787.73 1.4480 58.60 114  2/32
Support 3 779.77 1.4433 57.90 113 29/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, November 14, 2007


Economic
8:30am Oct PPI (last 1.1% m/m, 4.4% y/y), Oct PPI ex food and energy (last 0.1% m/m, 2.0% y/y), Oct Advance Retail sales (last 0.6%), Oct Retail sales less autos (last 0.4%)
10:00am Sep Business Inventories (last 0.1%)
Events
4:00am Fed's Fisher speaks on US outlook in Sydney, Australia, 9:10am Fed's Bernanke speaks on FOMC communications in Washington, 8:00am FDA Behind the Counter availability of Drugs Conference, 1:00pm Vaccines and related Biological Products Advisory committee Teleconference, Sandler O'Neill & Parters East Coast Financial Services Conference, MBA Mortgage Applications (7:00, last –1.6%). Trades Ex-dividend: IP $0.25, DUK $0.22, CVX $0.58, ITT $0.14, CMI $0.25
Earnings
Before the Open: APU, MT, ARM, CSIQ, DAKT, DWSN, DSX, ESLT, GIGM, M, MDTH, VIVO, PCS, NUAN, UGI After the Close: ANST, AMAT, CHIC, HSOA, LDG, NTAP, PETM, RAH, TTEK
 
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 1:17 PM

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