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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, November 19, 2007

Futures Trading levels and Economic reports for Nov. 20th

 
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Dear Trader,
 
Short week ahead with Thanksgiving. However we did see some volatility today and tomorrow we have FOMC minutes, which have the potential to move the market.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1470.63 2090.67 13285 776.33
Resistance 2 1462.67 2074.33 13215 770.17
Resistance 1 1449.73 2049.67 13105 760.08
Pivot 1441.77 2033.33 13035 753.92
Support 1 1428.83 2008.67 12925 743.83
Support 2 1420.87 1992.33 12855 737.67
Support 3 1407.93 1967.67 12745 727.58
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 799.17 1.4769 97.55 117 27/32
Resistance 2 794.13 1.4733 96.35 117  6/32
Resistance 1 786.07 1.4702 95.56 116 22/32
Pivot 781.03 1.4666 94.36 116  1/32
Support 1 772.97 1.4635 93.57 115 17/32
Support 2 767.93 1.4599 92.37 114 28/32
Support 3 759.87 1.4568 91.58 114 12/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, November 20, 2007


Economic
8:30am Oct Housing Starts (last 1.191M), Oct Building Permits (last 1.261M)
2:00pm US FOMC minutes + New quarterly forecast
Events
Terrapinn Alternative Investment Summit Russia, Mining Communications Ltd. Conference, ICSC/UBSW Chain Store Sales (7:45, last 2.7%). Redbook Retail Sales (8:55, last 2.4%). ABC Consumer Confidence (last -17). Trades Ex-split: D 2-1 Trades Ex-dividend: CCL $0.40, EFX $0.04, MMM $0.48
Earnings
Before the Open: BKS, BJ, BCSI, BRC, CHINA, DKS, DHI, EV, FRE, GME, HRL, MWRK, NWY, RTLX, ROST, SKS, SCVL, SSI, TGT, UNFI, ZLC After the Close: ARUN, BGP, JRJC, CMED, CWTR, GYMB, HIBB, HMIN, HOTT, JMBA, LTD, LTXX, PSUN, WFMI
 
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 1:06 PM

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