Cannon Trading Co. Inc.
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Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, December 19, 2007

Daily support and resistance and economic data for Dow, Naz, Russ, S&P, and Bonds

 

 

The Leader in futures trading: www.E-Futures.com

 

9301 Wilshire Blvd. Suite No. 515, Beverly Hills, CA 90210  Tel : 800-454-9572 jonathan@cannontrading.com

 

 

 

Good Morning-

 

 

Daily Support & Résistance Levels

 

Mini-S&P 500 Futures

March 08

Mini-Nasdaq 100 Futures

March 08

Mini-Dow Futures

March 08

Mini Russell 2000 Futures

March 08

30-year US Bond Futures

March 08

10-Year US Note

Futures

March 08

Support 3

1449.00

2021.00

13118

738.70

11425

11123.5

Support 2

1455.50

2031.00

13248

746.90

11502

11210

Support 1

1464.50

2040.00

13290

752.00

11513

11221.5

Résistance 1

1469.00

2060.00

13357

763.50

11600

11301

Résistance 2

1481.00

2080.00

13448

771.10

11612

11311

Résistance 3

1492.00

2098.00

13531

778.70

11623

11324

 

Updated: 18-Dec-07 08:36 ET

This Week's Calendar

Click on a "Release" for Insight

Date

ET

Release

For

Actual

Briefing.com

Consensus

Prior

Revised From

Dec 18

08:30

Housing Starts

Nov

1187K

1170K

1175K

1232K

1229K

Dec 18

08:30

Building Permits

Nov

1152K

1180K

1150K

1170K

 

Dec 19

10:30

Crude Inventories

12/14

 

NA

NA

-722K

 

Dec 20

08:30

GDP-Final

Q3

 

4.9%

4.9%

4.9%

 

Dec 20

08:30

Chain Deflator-Final

Q3

 

0.9%

0.9%

0.9%

 

Dec 20

08:30

Initial Claims

12/15

 

335K

335K

333K

 

Dec 20

10:00

Leading Indicators

Nov

 

-0.4%

-0.3%

-0.5%

 

Dec 20

12:00

Philadelphia Fed

Dec

 

7.0

6.0

8.2

 

Dec 21

08:30

Personal Income

Nov

 

0.5%

0.5%

0.2%

 

Dec 21

08:30

Personal Spending

Nov

 

0.6%

0.7%

0.2%

 

Dec 21

08:30

Core PCE Inflation

Nov

 

0.2%

0.2%

0.2%

 

Dec 21

10:00

Mich Sentiment-Rev.

Dec

 

74.5

74.5

74.5

 

 

 


Important Please Note: Trading commodity futures and options involves substantial risk of loss.  The recommendations contained in this letter is of opinion only and does not guarantee any profits.. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. Readers are urged to exercise their own judgment in trading!

 

Disclaimer:

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.     

 IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCONTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

 

Please read the FULL DISCLAIMER at the the end of this message. These are risky markets and it is important that you will be aware of all risks of trading futures and limitations of hypothetical trading.

 

Disclaimer:

 

1. Obviously in less liquid markets, fills from market orders may vary, but the stops should not be altered.

 

2. Final calculations do not include slippage. 

 

3. The NFA requires us to state and I fully agree that "HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OF LOSSES SIMILAR TO THOSE SHOWN."

4.. These are NOT trading recommendations unless we discuss it together.  They are intended only as potential trade ideas based on the market's own performance in the past, but past performance is not necessarily indicative of future results.  Futures trading involves substantial risk of loss.

5. For prospects who are not trading through me, you are receiving this as my way of trying to gain your business. Sooner or later I will reserve this service for CLIENTS ONLY. Also keep in mind, that only clients get the intraday alerts when and if they occur.

6. Each one of you is different. You have different risk tolerance, different account size and different trading experience. Unless we speak on a one on one basis, I recommend treating this e-mail as trade ideas only.

 

 

Sincerely,

Jonathan B. Day

Senior Commodity Broker
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
jonathan@cannontrading.com
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #515
Beverly Hills, Ca 90210

* Important Please Note: The material contained in this letter is of
opinion only and does not guarantee any profits. 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 7:50 AM

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