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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, November 26, 2007

Futures Trading levels and Economic reports for Nov. 27th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Not a good session for the bulls today. Market started higher on some positive sales figures from Friday (black Friday or the first "official" day of Christmas sales) but failed to hold and even more so created some chart damage by closing below previous support of 1417 basis the Dec. SP500. Be ready for volatile trading for the remainder of week.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1478.00 2095.67 13273 775.17
Resistance 2 1463.50 2074.33 13167 767.08
Resistance 1 1436.00 2035.67 12963 751.17
Pivot 1421.50 2014.33 12857 743.08
Support 1 1394.00 1975.67 12653 727.17
Support 2 1379.50 1954.33 12547 719.08
Support 3 1352.00 1915.67 12343 703.17
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 841.67 1.5000 101.30 121 21/32
Resistance 2 836.83 1.4946 100.20 120  7/32
Resistance 1 831.67 1.4917 98.72 119 16/32
Pivot 826.83 1.4863 97.62 118  2/32
Support 1 821.67 1.4834 96.14 117 11/32
Support 2 816.83 1.4780 95.04 115 29/32
Support 3 811.67 1.4751 93.56 115  6/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, November 27, 2007


Economic
9:00am Sep S&P Case Shiller Composite (last –4.4%)
10:00am Nov Richmond Fed manufacturing Index (last –5)
Events
12:20pm Fed's Plosser speaks on economic outlook in Rochester, NY, 1:30pm Fed's Evans speaks to Futures Industry Association in Chicago, 8:00am FDA Pediatric Advisory on adverse event reports, neuropsychiatric, and behavioral events for Tamiflu, Pride International Analyst Day, Credit Suisse 2007 Annual Technology Conference, ICSC/UBSW Chain Store Sales (7:45, last 2.2%). Redbook Retail Sales (8:55, last 2.2%). ABC Consumer Confidence (last -19). Trades Ex-split: IDXX 2:1. Trades Ex-dividend: HD $0.225, RSH $0.25, LTD $0.15, UNP $0.44, ALDA $0.15
Earnings
Before the Open: ACM, AEO, JTX, SHMR, SPLS, TLB, TECD During Trading Hours: THO After the Close: ADI, CENT, DBRN, LTON, MRVL, PBY, SMTC, SNDA, LNUX, UTI, VRGY
 
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 1:08 PM

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