Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
First FOMC of 2007 is behind us after sending both stocks and bonds higher.
Hope everyone will enjoy successful trading in February.
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1466.57 | 1848.00 | 12851 | 819.42 |
| Resistance 2 | 1456.53 | 1828.00 | 12770 | 813.33 |
| Resistance 1 | 1449.27 | 1814.00 | 12710 | 808.17 |
| Pivot | 1439.23 | 1794.00 | 12629 | 802.08 |
| Support 1 | 1431.97 | 1780.00 | 12569 | 796.92 |
| Support 2 | 1421.93 | 1760.00 | 12488 | 790.83 |
| Support 3 | 1414.67 | 1746.00 | 12428 | 785.67 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 675.77 | 1.3212 | 61.43 | 111 11/32 |
| Resistance 2 | 668.03 | 1.3138 | 59.81 | 110 24/32 |
| Resistance 1 | 662.97 | 1.3099 | 58.98 | 110 14/32 |
| Pivot | 655.23 | 1.3025 | 57.36 | 109 27/32 |
| Support 1 | 650.17 | 1.2986 | 56.53 | 109 17/32 |
| Support 2 | 642.43 | 1.2912 | 54.91 | 108 30/32 |
| Support 3 | 637.37 | 1.2873 | 54.08 | 108 20/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Feb 1st, 2007
Economic
08:30am Initial Jobless Claims (last 325K), Dec Personal Income (last 0.3%), Personal Spending (last 0.5%), PCE Deflator Y/Y (last 1.9%), PCE Core (last 0.0%)
10:00am Jan ISM Manufacturing (last 51.4), Prices Paid (last 47.5)
10:30am Natural Gas Inventories
Events
Jan Total Vehicle Sales (last 16.8M); Domestic Vehicle Sales (last 12.7M). FE analyst meeting. Trading Ex-split: SSI 3-2. Trades Ex-dividend: C $0.54, SO $0.388.
Earnings
Before the Open: ATG AGU ALEX ATK AMSC ASD ANDW APA ADM ASN AZN BSX BCO CRR CELG CLX CMCSA CVS DTPI ECIL RDEN XOM FLO GR GBBK GMCR GHL HP ITWO IMKTA IP ITG LB LRW LSTR MHO MNST MWIV MYL NURO NUCO ODFL PRGO PDC PPL RTN TSG SEIC SGTL SNA STA HOT PNX UTEK UA VLO WCC. During Trading Hours: BUD. After the Close: ADVS AMZN ASCA AMIS ANPI ASYT ATML AVID BKHM CA CERN COHU CYT DIGE DLB DNB ERTS GNW HAIN RX INSP IUSA IWOV ISRG MAPS MENT MCRL MIL MTX NLST NBIX NEXT NMSS ONNN PFWD RACK RSYS SCUR SIMO SNCI SPF SYMM TMWD UNCA VRTX WEBM YRCW.
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
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* 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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Up day ahead of tomorrow FOMC announcement expected tomorrow (Wednesday Jan. 31st at 2:15 eastern time).
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1443.50 | 1805.00 | 12644 | 811.42 |
| Resistance 2 | 1438.70 | 1799.00 | 12607 | 806.83 |
| Resistance 1 | 1436.20 | 1794.00 | 12583 | 804.17 |
| Pivot | 1431.40 | 1788.00 | 12546 | 799.58 |
| Support 1 | 1428.90 | 1783.00 | 12522 | 796.92 |
| Support 2 | 1424.10 | 1777.00 | 12485 | 792.33 |
| Support 3 | 1421.60 | 1772.00 | 12461 | 789.67 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 648.80 | 1.3051 | 60.46 | 109 25/32 |
| Resistance 2 | 647.40 | 1.3031 | 58.76 | 109 23/32 |
| Resistance 1 | 645.80 | 1.3013 | 57.86 | 109 19/32 |
| Pivot | 644.40 | 1.2993 | 56.16 | 109 17/32 |
| Support 1 | 642.80 | 1.2975 | 55.26 | 109 13/32 |
| Support 2 | 641.40 | 1.2955 | 53.56 | 109 11/32 |
| Support 3 | 639.80 | 1.2937 | 52.66 | 109 7/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, Jan 31st, 2007
Economic
08:15am Jan ADP Employment Change (last –40K)
08:30am Q4 Advance GDP Annualized (last 2.0%), Personal Consumption (last 2.8%), GDP Price Index (last 1.9%), Employment Cost Index (last 1.0%)
10:00am Jan Chicago Purchasing Manager (last 51.6), Dec Construction Spending (last –0.2%)
10:30am Crude Oil/Gasoline/Distillate Inventories
11:00am Treasury's 3-year and 10-year Note announcement
02:15pm FOMC Rate Decision expected
Events
MBA Mortgage Applications (7:00, last –8.4%). VDSI analyst meeting. Wachovia Small/Mid-cap Healthcare conference in Boston through 1/31. Trades Ex-dividend: AA $0.17, NSC $0.22, WFC $0.28, WY $0.60.
Earnings
Before the Open: AL ALGT AGN MO ABK APU BA BOT CTEC CEG D DOV EK LLY ENB EL HAE HSC HHS HES HLT HOLX IR KFT FSTR LLL LANC MMP MAG MWV MEG NYT NCX NMX OXPS PAS PEG SFUN SAIA SEE SEPR SLAB SPIL STE SYNT TWX UGI WPS XEL. After the Close: ADS AH AVB ACLS CAI CDNS CRUS CNQR CCK CUTR DNEX DLLR DSCM EXP EOG EFX FISV FORM FBN GIL GILD GOOG HLIT HPC HYDL JDSU LTBG MTSN MCHP MUR NARA NEWP EGOV OIIM OPNT OMI OI PSEM PWER PHM RNOW SWIR SLGN SMDI SFN SRX SBUX SUN TSRA TTEK TLGD TSCO TUP VRSN VIRL VMC WEBX WSTC WU WGL.
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
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* 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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Still range bound market but enough range for day-trading!
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1440.77 | 1819.17 | 12627 | 810.35 |
| Resistance 2 | 1436.63 | 1808.83 | 12602 | 804.80 |
| Resistance 1 | 1431.57 | 1797.67 | 12564 | 800.90 |
| Pivot | 1427.43 | 1787.33 | 12539 | 795.35 |
| Support 1 | 1422.37 | 1776.17 | 12501 | 791.45 |
| Support 2 | 1418.23 | 1765.83 | 12476 | 785.90 |
| Support 3 | 1413.17 | 1754.67 | 12438 | 782.00 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 654.40 | 1.3080 | 56.67 | 110 5/32 |
| Resistance 2 | 651.20 | 1.3039 | 56.04 | 109 30/32 |
| Resistance 1 | 647.20 | 1.3010 | 55.02 | 109 22/32 |
| Pivot | 644.00 | 1.2969 | 54.39 | 109 15/32 |
| Support 1 | 640.00 | 1.2940 | 53.37 | 109 7/32 |
| Support 2 | 636.80 | 1.2899 | 52.74 | 109 |
| Support 3 | 632.80 | 1.2870 | 51.72 | 108 24/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Jan 30th, 2007
Economic
09:00am Nov S&P/CaseShiller Home Price (last 2.9%)
10:00am Jan Consumer Confidence (last 109.0)
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.9%). Redbook Retail Sales (8:55, last 2.7%). Wachovia Small/Mid-cap Healthcare conference in Boston through 1/31. ABC Consumer Confidence (last -3).
Earnings
Before the Open: MMM ALGN AEP AXE ARM BDK BKC CLMS CP CME CL COCO CPO CFC DBD ETR SSP HW IEX ITW IFF JBLU K KEYS KCI LXK MAN MBI MDU MRK NNDS NWL NI PCAR PBG PPC PNW PG SAF SII TEN UPS LCC WDR WFT WYE. After the Close: ACE ACTL ADPT AFL ARG ALL AMLN AMCC AJG BSTE BXP BKI CHRW CLS CKFR CB CTS CYMI EFII ENTU EPIC FBC FLEX HBHC HRS NSIT JLL JNPR KYPH LDIS LSS MTW NATI NWRE NAL OMCL PHTN PXLW POL QTM RBAK REDE SNDK SIE SIRF STXN X WHI WBSN.
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
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* 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.
Good Morning-
| Daily Support & Résistance Levels | Mini-S&P 500 Futures March 07 | Mini-Nasdaq 100 Futures March 07 | Mini-Dow Futures March 07 | Mini Russell 2000 Futures March 07 | 30-year US Bond Futures March 07 |
| Support 3 | 1418.00 | 1747.00 | 12426 | 773.20 | 10906 |
| Support 2 | 1422.00 | 1765.00 | 12462 | 781.10 | 10913 |
| Support 1 | 1424.75 | 1773.00 | 12505 | 784.70 | 10917 |
| Résistance 1 | 1431.50 | 1792.00 | 12542 | 792.70 | 11000 |
| Résistance 2 | 1434.75 | 1804.00 | 12568 | 795.30 | 11008 |
| Résistance 3 | 1438.00 | 1823.00 | 12598 | 799.90 | 11019 |
Updated: 29-Jan-07 08:04 ET
This Week's Calendar
Click on a "Release" for Insight
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!
Sincerely,
Jonathan B. Day
Senior Commodity Broker
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
jonathan@cannoncapital.com
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
LEVELS:
| Daily Support & Résistance Levels | Mini-S&P 500 Futures March 07 | Mini-Nasdaq 100 Futures March 07 | Mini-Dow Futures March 07 | Mini Russell 2000 Futures March 07 | 30-year US Bond Futures March 07 |
| Support 3 | 1418.00 | 1747.00 | 12426 | 773.20 | 10906 |
| Support 2 | 1422.00 | 1765.00 | 12462 | 781.10 | 10913 |
| Support 1 | 1424.75 | 1773.00 | 12505 | 784.70 | 10917 |
| Résistance 1 | 1431.50 | 1792.00 | 12542 | 792.70 | 11000 |
| Résistance 2 | 1434.75 | 1804.00 | 12568 | 795.30 | 11008 |
| Résistance 3 | 1438.00 | 1823.00 | 12598 | 799.90 | 11019 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Monday, Jan 29th, 2007
Economic
Events
Trading Ex-split: VOL 3-2. Trades Ex-dividend: TXN $0.04.
Earnings
Before the Open: CMI GNTX MAT MOG.A PD RDWR SGP SYY TSO TSN USG VLI VZ. After the Close: ACTU ATHR CNET CNW CR RE GNSS GYI GOL GGG JDAS KRON OLN PCL SLG STLY XPRSA UDR UNM VLTR ZMH.
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
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* 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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Strong reversal after making new highs yesterday, suggessts more volatility ahead.
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1458.70 | 1850.17 | 12766 | 810.83 |
| Resistance 2 | 1452.20 | 1836.08 | 12714 | 805.17 |
| Resistance 1 | 1440.60 | 1812.67 | 12629 | 796.33 |
| Pivot | 1434.10 | 1798.58 | 12577 | 790.67 |
| Support 1 | 1422.50 | 1775.17 | 12492 | 781.83 |
| Support 2 | 1416.00 | 1761.08 | 12440 | 776.17 |
| Support 3 | 1404.40 | 1737.67 | 12355 | 767.33 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 660.40 | 1.3108 | 57.19 | 110 29/32 |
| Resistance 2 | 657.50 | 1.3070 | 56.54 | 110 20/32 |
| Resistance 1 | 652.80 | 1.3019 | 55.39 | 110 5/32 |
| Pivot | 649.90 | 1.2981 | 54.74 | 109 28/32 |
| Support 1 | 645.20 | 1.2930 | 53.59 | 109 13/32 |
| Support 2 | 642.30 | 1.2892 | 52.94 | 109 4/32 |
| Support 3 | 637.60 | 1.2841 | 51.79 | 108 21/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Friday, Jan 26th, 2007
Economic
08:30am Dec Durable Goods Orders (last 1.6%), Durables Ex Transportation (last –1.1%)
10:00am Dec New Home Sales (last 1.047M)
Events
Neurological Devices Panel of the Medical Devices Advisory Committee meets at 8:00am.
Earnings
Before the Open: AAI CRS CAT CDWC CCUR FO FPL HAL HCR HON IDXX KNSY TROW. After the Close: CHRT EEP.
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
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* 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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
We made new high on the March SP and as I mentioned yesterday, looks like we can go even higher....
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1460.53 | 1846.17 | 12764 | 810.07 |
| Resistance 2 | 1453.47 | 1831.08 | 12714 | 804.23 |
| Resistance 1 | 1449.83 | 1823.17 | 12689 | 801.17 |
| Pivot | 1442.77 | 1808.08 | 12639 | 795.33 |
| Support 1 | 1439.13 | 1800.17 | 12614 | 792.27 |
| Support 2 | 1432.07 | 1785.08 | 12564 | 786.43 |
| Support 3 | 1428.43 | 1777.17 | 12539 | 783.37 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 660.97 | 1.3137 | 57.73 | 110 29/32 |
| Resistance 2 | 654.73 | 1.3103 | 56.59 | 110 24/32 |
| Resistance 1 | 651.47 | 1.3048 | 55.98 | 110 17/32 |
| Pivot | 645.23 | 1.3014 | 54.84 | 110 12/32 |
| Support 1 | 641.97 | 1.2959 | 54.23 | 110 5/32 |
| Support 2 | 635.73 | 1.2925 | 53.09 | 110 |
| Support 3 | 632.47 | 1.2870 | 52.48 | 109 25/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Jan 25th, 2007
Economic
08:30am Initial Jobless Claims (last 290K)
10:00am Dec Existing Home Sales (last 6.28M), Help Wanted Index (last 30)
10:30am Natural Gas Inventories
01:00pm Treasury's 5-year Note auction results
Events
Vaccines and Related Biological Products Advisory Committee meets at 8:00am.
Earnings
Before the Open: AGR ALK ACV AHM ABI T AVT AVCT BLL BAX BZH BDX BMS BJS BMY BC CCMP CAH CCBL CRA CHIC CNX CBE CVA CY DHR DOW DJ EQT FCS F BEN FTD IKN IMN IMCL NDE ISCA IONA ESI JNS KELYA KEM KMB KLIC LEA LM LMT LYO HZO MBI MHP MESA MEH NCR NE NOK NOC NUE OXY OVRL PCCC BTU PCZ PII POT DGX RESP RKT COL ROH SHW SO STJ SU SPWR SY TSM TDY UNP UST VIGN WRLD ZOLL. During Trading Hours: EGN. After the Close: AMGN BEBE BCR CALD CSH COLM CPWR CNXT CVTI CYBS DV EMN ELX EXTR FII FMD FRNT HAR HIG INFA IRF JJSF KNX LSCC LEG LAVA MEE MCK MDC WFR MRCY MCRS MSCC MSFT NTCT OPLK PKTR PKI PLXT PMCS RHI SANM SCSC SWKS SWK SYK SYNA TNL TPX TGI VSEA VPRT WDC ZL ZHNE ZIGO.
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
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* 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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
The next few days will be full of notable companies reporting earnings. So far, I will still classify this last few days as trading within a range. Major resistance at 1441-1444 on the March SP can be the catalyst for the next range, i.e. a break of this level can send us into new highs very quickly, while a failure will act as double top based on the hourly and will provide momentum for the market to head back towards the 1425 area followed by 1410.
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1449.37 | 1819.33 | 12708 | 807.93 |
| Resistance 2 | 1443.63 | 1811.17 | 12654 | 800.47 |
| Resistance 1 | 1439.47 | 1799.33 | 12621 | 794.93 |
| Pivot | 1433.73 | 1791.17 | 12567 | 787.47 |
| Support 1 | 1429.57 | 1779.33 | 12534 | 781.93 |
| Support 2 | 1423.83 | 1771.17 | 12480 | 774.47 |
| Support 3 | 1419.67 | 1759.33 | 12447 | 768.93 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 656.77 | 1.3222 | 57.88 | 111 12/32 |
| Resistance 2 | 651.83 | 1.3149 | 56.51 | 111 6/32 |
| Resistance 1 | 648.87 | 1.3106 | 55.78 | 110 25/32 |
| Pivot | 643.93 | 1.3033 | 54.41 | 110 19/32 |
| Support 1 | 640.97 | 1.2990 | 53.68 | 110 6/32 |
| Support 2 | 636.03 | 1.2917 | 52.31 | 110 |
| Support 3 | 633.07 | 1.2874 | 51.58 | 109 19/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, Jan 24th, 2007
Economic
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's 2-year Note auction results
Events
MBA Mortgage Applications (7:00, last –0.6%). Advisory Committee for Reproductive Health Drugs meets at 8:30am. CORS replaces DTAS in S&P Smallcap 600 after the close. Trades Ex-dividend: CL $0.32.
Earnings
Before the Open: FLWS ABT AMG APD ALB ATI ABC AME ACAT ABFS ASH AVX CHKP CPS CNH COP CVG GLW CFR DSPG EPD ETH EXC XJT FCFS GD HSY KMT LCRY MKC MCD MWRK NSC NYB PMTC PJC PX RGS ROK SAP SSCC TDW UIS VTRU WAT WLP. After the Close: ACXM ACF ARBA ASIA EPAY CBT CLDN CVD CBST EGLT EBAY FFIV FIC FDC HXL HTCH ISIL KEX LSI MTH MIPS MGI MTSC NFLX NETL NVLS PRXL PTEC PLXS PLCM PSSI QCOM RYL SMTL SSTI STTS SNS SRDX SWFT SYMC TALX TER TXT VARI VAR WSTL.
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
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* 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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1448.10 | 1838.00 | 12727 | 797.47 |
| Resistance 2 | 1443.20 | 1825.50 | 12673 | 793.23 |
| Resistance 1 | 1436.60 | 1808.00 | 12602 | 787.97 |
| Pivot | 1431.70 | 1795.50 | 12548 | 783.73 |
| Support 1 | 1425.10 | 1778.00 | 12477 | 778.47 |
| Support 2 | 1420.20 | 1765.50 | 12423 | 774.23 |
| Support 3 | 1413.60 | 1748.00 | 12352 | 768.97 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 645.33 | 1.3071 | 56.60 | 111 14/32 |
| Resistance 2 | 642.77 | 1.3044 | 55.63 | 111 8/32 |
| Resistance 1 | 638.43 | 1.3012 | 54.10 | 111 3/32 |
| Pivot | 635.87 | 1.2985 | 53.13 | 110 29/32 |
| Support 1 | 631.53 | 1.2953 | 51.60 | 110 24/32 |
| Support 2 | 628.97 | 1.2926 | 50.63 | 110 18/32 |
| Support 3 | 624.63 | 1.2894 | 49.10 | 110 13/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Jan 23rd, 2007
Economic
10:00am Jan Richmond Fed Manufact. Index (last –6), Dec Leading Indicators (last 0.1%)
01:00pm Treasury's 20-year TIPS auction results
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.9%). Redbook Retail Sales (8:55, last 2.7%). AG Edwards Retailing conference in Coral Gables, FL through 1/23. Advisory Committee for Reproductive Health Drugs meets at 8:30am. KMI, KMP, XTO analyst meetings. ABC Consumer Confidence (last -2). Trading Ex-split: GROW 2-1. State of Union Address at 9:00pm.
Earnings
Before the Open: ADTN AKS AMFI AVY BAC BLK EAT BNI COH CMCO DHI DD EMC ENR EXAR IIVI JEC JNJ MDP NCC PNC PCP RYN REDF SMG STTX TLAB UAUA UTX XRX. After the Close: AMD AMB AV CLZR CTX CTXS CGNX CSGS DST EZPW HOKU HYSL IDTI PTV PHHM QLGC RDN RLRN RFMD RLI STX STLD STM SUNW SUPX YHOO.
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
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* 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.
Good Morning- Back from a weeks vacation.
| Daily Support & Résistance Levels | Mini-S&P 500 Futures March 07 | Mini-Nasdaq 100 Futures March 07 | Mini-Dow Futures March 07 | Mini Russell 2000 Futures March 07 | 30-year US Bond Futures March 07 |
| Support 3 | 1424.50 | 1775.00 | 12513 | 773.20 | 10927 |
| Support 2 | 1428.50 | 1793.00 | 12543 | 778.70 | 11008 |
| Support 1 | 1432.00 | 1801.00 | 12572 | 783.50 | 11017 |
| Résistance 1 | 1444.50 | 1817.00 | 12632 | 792.70 | 11104 |
| Résistance 2 | 1449.25 | 1826.00 | 12668 | 796.20 | 11118 |
| Résistance 3 | 1453.75 | 1842.00 | 12705 | 807.10 | 11128 |
Updated: 22-Jan-07 08:20 ET
This Week's Calendar
Click on a "Release" for Insight
| Date | ET | Release | For | Actual | Briefing.com | Consensus | Prior | Revised From |
| Jan 22 | 10:00 | Leading Indicators | Dec | | 0.4% | 0.2% | 0.1% | |
| Jan 24 | 10:30 | Crude Inventories | 01/19 | | NA | NA | 6768K | |
| Jan 25 | 08:30 | Initial Claims | 01/19 | | 310K | 310K | 290K | |
| Jan 25 | 10:00 | Existing Home Sales | Dec | | 6.25M | 6.30M | 6.28M | |
| Jan 25 | 10:00 | Help-Wanted Index | Dec | | 30 | 31 | 30 | |
| Jan 26 | 08:30 | Durable Orders | Dec | | 7.0% | 3.5% | 1.6% | |
| Jan 26 | 10:00 | New Home Sales | Dec | | 1055K | 1050K | 1047K | |
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. |
Sincerely, Ilan Levy-Mayer,
M.B.A
Vice President Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com Yahoo IM ilanlevy1970
310-859-9572 800-454-9572 Fax 310-859-0547 9301
Wilshire Blvd. Suite #614 Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* 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.
Good Morning-
| Daily Support & Résistance Levels | Mini-S&P 500 Futures March 07 | Mini-Nasdaq 100 Futures March 07 | Mini-Dow Futures March 07 | Mini Russell 2000 Futures March 07 | 30-year US Bond Futures March 07 |
| Support 3 | 1424.50 | 1775.00 | 12513 | 773.20 | 10927 |
| Support 2 | 1428.50 | 1793.00 | 12543 | 778.70 | 11008 |
| Support 1 | 1432.00 | 1801.00 | 12572 | 783.50 | 11017 |
| Résistance 1 | 1444.50 | 1817.00 | 12632 | 792.70 | 11104 |
| Résistance 2 | 1449.25 | 1826.00 | 12668 | 796.20 | 11118 |
| Résistance 3 | 1453.75 | 1842.00 | 12705 | 807.10 | 11128 |
Updated: 22-Jan-07 08:20 ET
This Week's Calendar
Click on a "Release" for Insight
| Date | ET | Release | For | Actual | Briefing.com | Consensus | Prior | Revised From |
| Jan 22 | 10:00 | Leading Indicators | Dec | | 0.4% | 0.2% | 0.1% | |
| Jan 24 | 10:30 | Crude Inventories | 01/19 | | NA | NA | 6768K | |
| Jan 25 | 08:30 | Initial Claims | 01/19 | | 310K | 310K | 290K | |
| Jan 25 | 10:00 | Existing Home Sales | Dec | | 6.25M | 6.30M | 6.28M | |
| Jan 25 | 10:00 | Help-Wanted Index | Dec | | 30 | 31 | 30 | |
| Jan 26 | 08:30 | Durable Orders | Dec | | 7.0% | 3.5% | 1.6% | |
| Jan 26 | 10:00 | New Home Sales | Dec | | 1055K | 1050K | 1047K | |
Sincerely,
Jonathan B. Day
Senior Commodity Broker
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
jonathan@cannoncapital.com
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
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.
Good Morning-
| Daily Support & Résistance Levels | Mini-S&P 500 Futures March 07 | Mini-Nasdaq 100 Futures March 07 | Mini-Dow Futures March 07 | Mini Russell 2000 Futures March 07 | 30-year US Bond Futures March 07 |
| Support 3 | 1424.50 | 1775.00 | 12513 | 768.10 | 10927 |
| Support 2 | 1428.25 | 1793.00 | 12543 | 773.20 | 11008 |
| Support 1 | 1431.25 | 1800.00 | 12572 | 779.80 | 11019 |
| Résistance 1 | 1436.25 | 1817.00 | 12610 | 786.70 | 11104 |
| Résistance 2 | 1439.50 | 1825.00 | 12632 | 790.30 | 11118 |
| Résistance 3 | 1444.50 | 1841.00 | 12668 | 796.70 | 11128 |
Updated: 19-Jan-07 09:28 ET
This Week's Calendar
Click on a "Release" for Insight
| Date | ET | Release | For | Actual | Briefing.com | Consensus | Prior | Revised From |
| Jan 19 | 10:00 | Mich Sentiment-Prel. | Jan | | 93.0 | 92.4 | 91.7 | |
Week of January 22 - January 27
| Date | ET | Release | For | Actual | Briefing.com | Consensus | Prior | Revised From |
| Jan 22 | 10:00 | Leading Indicators | Dec | | 0.4% | 0.2% | 0.1% | |
| Jan 24 | 10:30 | Crude Inventories | 01/19 | | NA | NA | 6768K | |
| Jan 25 | 08:30 | Initial Claims | 01/19 | | 310K | 310K | 290K | |
| Jan 25 | 10:00 | Existing Home Sales | Dec | | 6.25M | 6.30M | 6.28M | |
| Jan 25 | 10:00 | Help-Wanted Index | Dec | | 30 | 31 | 30 | |
| Jan 26 | |
