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
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