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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, December 10, 2007

Futures Trading levels and Economic reports for Dec. 11th 2007

 
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Dear Trader,
 
Quiet day ahead of tomorrows FOMC.
I noticed that many FOMC days are pretty quiet up to about 15 minutes before the announcement and then quite volatile all the way to the close and the following day. Be careful.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1537.67 2160.33 13903 808.50
Resistance 2 1529.13 2152.67 13837 801.95
Resistance 1 1523.87 2145.33 13793 798.10
Pivot 1515.33 2137.67 13727 791.55
Support 1 1510.07 2130.33 13683 787.70
Support 2 1501.53 2122.67 13617 781.15
Support 3 1496.27 2115.33 13573 777.30
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 829.50 1.4851 92.21 116  8/32
Resistance 2 823.50 1.4795 91.00 115 25/32
Resistance 1 818.50 1.4755 89.50 115  9/32
Pivot 812.50 1.4699 88.29 114 26/32
Support 1 807.50 1.4659 86.79 114 10/32
Support 2 801.50 1.4603 85.58 113 27/32
Support 3 796.50 1.4563 84.08 113 11/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, December 11, 2007


Economic
10:00am Dec IBD/TIPP Economic Optimism (last 43.8), Oct Wholesale Inventories (last 0.8%)
2:15pm US FOMC Interest Rate Decision
Events
2:20am Treasury's Paulson Attends grand opening of NYSE office in Beijing, 6:30am Treasury's Nason talks about financial regulation in London, 9:00am FOMC meets on interest rates, economy, 8:15pm Treasury's Paulson gives opening statement at talks with Chinese leaders, FDA To discuss NDA venakalant hydrochloride injection, Astellas Pharma US for use of atrial fibrillation to normal sinus rhythm, ASPM depression study results expected, Altera Corp Analyst Meeting, Agilent Technologies Analyst Meeting, Wyndham Worldwide Investor Day, 4:30pm WMGI guidance call, ICSC/UBSW Chain Store Sales (7:45, last –2%). Redbook Retail Sales (8:55, last 2.2%). ABC Consumer Confidence (last -24). Trades Ex-split: MPR 4-3, ROL 3-2, GRC 5-4, CART 11-10 Trades Ex-dividend: CI $0.01, NYX $0.25, FIS $0.05, PSA $0.50
Earnings
Before the Open: BKRS, KR, MGAM After the Close: ABM, COO, TUTR, VSTA
 
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 #515
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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