Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Roller coaster ride in the market today in pre holiday trading.
On a different note, I will be out of the office starting Friday Dec. 21st returning Wednesday Jan 2nd 2008, next year (-:
Happy holidays to everyone and if you need anything please call the office at 800-454-9572 or 310-859-9572
LEVELS:
| Contract (March 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1493.83 | 2091.33 | 13533 | 775.50 |
| Resistance 2 | 1484.57 | 2076.67 | 13459 | 769.25 |
| Resistance 1 | 1474.53 | 2067.33 | 13379 | 766.00 |
| Pivot | 1465.27 | 2052.67 | 13305 | 759.75 |
| Support 1 | 1455.23 | 2043.33 | 13225 | 756.50 |
| Support 2 | 1445.97 | 2028.67 | 13151 | 750.25 |
| Support 3 | 1435.93 | 2019.33 | 13071 | 747.00 |
| | | | | |
| Contract | Feb. Gold | March Euro | Jan. Crude Oil | March Bonds |
| Resistance 3 | 815.03 | 1.4539 | 95.18 | 118 7/32 |
| Resistance 2 | 812.07 | 1.4488 | 93.76 | 117 14/32 |
| Resistance 1 | 808.73 | 1.4440 | 92.54 | 116 22/32 |
| Pivot | 805.77 | 1.4389 | 91.12 | 115 29/32 |
| Support 1 | 802.43 | 1.4341 | 89.90 | 115 5/32 |
| Support 2 | 799.47 | 1.4290 | 88.48 | 114 12/32 |
| Support 3 | 796.13 | 1.4242 | 87.26 | 113 20/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, December 20, 2007
Economic
08:30 Initial Jobless Claims (last 333K), Final Q3 GDP (last 4.9%), Personal Consumption (last 2.7%), GDP Price Index (last 0.9%), Core PCE (last 1.8%),
10:00 Nov Leading Indicators (last -0.5%)
10:30 Natural Gas Inventories
12:00 Dec Philadelphia Fed (last 8.2)
Events
Trades Ex-dividend: FTD $0.163, GE $0.31, IPSU $2.50, CTR $0.165. Nomura Securities Asset Management Fair. FRT added to S&P Midcap 400 after the close.
Earnings
Before the Open: AM BSC BRLI CCL CTAS CAG DFS FDX HSOA MCS PKE PIR PRGS RAD SCHL STEI WGO WOR. During Trading Hours: ASFI PNY. After the Close: COMS APOL COGN CAO EGLS JBL MU RHT RIMM RECN SHFL TEK TIBX UNCA PAY.
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.
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