Futures Trading levels and Economic reports for May 1st
April was a strong month for equities (SP 500 was up almost 60 points/ approx. 4% !) but ended with one of the stronger corrections of late.
I think May could be a volatile month with action on both sides. As volatility increase, it is extremely important to review your money management rules and practices.
Hope everyone will enjoy a great trading month in May!
| Contract (JUNE 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1513.87 | 1921.67 | 13272 | 847.17 |
| Resistance 2 | 1508.63 | 1912.83 | 13236 | 840.83 |
| Resistance 1 | 1498.67 | 1895.67 | 13174 | 829.17 |
| Pivot | 1493.43 | 1886.83 | 13138 | 822.83 |
| Support 1 | 1483.47 | 1869.67 | 13076 | 811.17 |
| Support 2 | 1478.23 | 1860.83 | 13040 | 804.83 |
| Support 3 | 1468.27 | 1843.67 | 12978 | 793.17 |
| Contract | June Gold | June Euro | June Crude Oil | June Bonds |
| Resistance 3 | 689.33 | 1.3804 | 67.34 | 112 22/32 |
| Resistance 2 | 686.77 | 1.3754 | 66.97 | 112 7/32 |
| Resistance 1 | 685.13 | 1.3714 | 66.34 | 112 |
| Pivot | 682.57 | 1.3664 | 65.97 | 111 17/32 |
| Support 1 | 680.93 | 1.3624 | 65.34 | 111 10/32 |
| Support 2 | 678.37 | 1.3574 | 64.97 | 110 27/32 |
| Support 3 | 676.73 | 1.3534 | 64.34 | 110 20/32 |
Tuesday, May 01, 2007
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



