Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Hope all of you will enjoy a successful trading month in August!
LEVELS:
| Contract (Sept 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1523.47 | 2052.33 | 13778 | 810.83 |
| Resistance 2 | 1509.23 | 2029.17 | 13662 | 804.67 |
| Resistance 1 | 1484.97 | 1988.83 | 13463 | 788.33 |
| Pivot | 1470.73 | 1965.67 | 13347 | 782.17 |
| Support 1 | 1446.47 | 1925.33 | 13148 | 765.83 |
| Support 2 | 1432.23 | 1902.17 | 13032 | 759.67 |
| Support 3 | 1407.97 | 1861.83 | 12833 | 743.33 |
| | | | | |
| Contract | Dec Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds |
| Resistance 3 | 673.27 | 1.3783 | 62.45 | 110 30/32 |
| Resistance 2 | 670.63 | 1.3766 | 61.25 | 110 16/32 |
| Resistance 1 | 668.77 | 1.3735 | 60.60 | 110 9/32 |
| Pivot | 666.13 | 1.3718 | 60.00 | 109 27/32 |
| Support 1 | 664.27 | 1.3687 | 59.20 | 109 20/32 |
| Support 2 | 661.63 | 1.3670 | 58.60 | 109 6/32 |
| Support 3 | 659.77 | 1.3639 | 57.90 | 108 31/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, August 01, 2007
Economic
08:15am Jul ADP Employment Change (last 150K)
09:00am Treasury's 30-year Bond and 10-year Note announcement
10:00am Jul ISM Manufacturing (last 56.0), Prices Paid (last 68.0), Jun Pending Home Sales (last –3.5%)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last –3.6%). Dermatologic and Ophthalmic Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee meets at 8:00am. Jul Total Vehicle Sales (last 15.6M); Domestic Vehicle Sales (last 11.8M). Trades Ex-dividend: TCHC $0.18, AA $0.17, LEN $0.16, MWV $0.23, MER $0.35, NSC $0.26, SGP $0.065, WY $0.60.
Earnings
Before the Open: ASF AGN AT ALVR APU AMCS MT ASPV AVA BEC BRY BYD CBI CI XEC CZN CTSH CXR DWSN DVN D RRD ECLP EFJI ENB ENDP ETM EXR FCL GRMN GWR GTIV HNT HP HWCC HGSI IRM JNY KNDL KFT ID LAZ LFUS LOJN MKTX MSO MA MWV MCO MWIV NICE NTMD NJR NBL NOVA OMX OSK OC PKD PH Q RHB RYI SBGI SPW SSYS TSTY TEVA THQI TWX TWC RIG TRX TRW UGI UMC VPHM VC WYN ZGEN. After the Close: APKT AEM AEE AEL ASCA APPB ATML AVB ACLS BARE ABX BGFV BKI CA ELY CHE COGT FIX CCRT CNQR DSCO DLB DRCO EDS ERTS FRT FLML FBN GSX GPRO GYI GIVN GMKT GXP GW GLF HIW IVGN ITRI LF LHCG MANT MIPS MOBE MOLX NABI NANO NAPS NFS NHP EGOV OIIM OII ASGN OKE OKS OPNT PDLI PVA PVR PNSN PGTI LGBT POWI PRU QTM RMKR RCRC SFLY SMDI SMSI SOHU SPTN STAK SBUX SUNH SUN TK TTEK THRM TRN UDRL URI UNM VIRL DIS WCAA WTW WGL WSH.
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 #614
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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Another volatile day, this time to the upside.
More than a few reports our way tomorrow as well as plenty of earning reports. Be ready for another volatile session on the last trading day for July.
LEVELS:
| Contract (SEPT. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1499.50 | 2018.00 | 13655 | 812.42 |
| Resistance 2 | 1492.00 | 2007.00 | 13553 | 801.83 |
| Resistance 1 | 1475.00 | 1986.00 | 13481 | 794.17 |
| Pivot | 1467.50 | 1975.00 | 13379 | 783.58 |
| Support 1 | 1450.50 | 1954.00 | 13307 | 775.92 |
| Support 2 | 1443.00 | 1943.00 | 13205 | 765.33 |
| Support 3 | 1426.00 | 1922.00 | 13133 | 757.67 |
| | | | | |
| Contract | August Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds |
| Resistance 3 | 669.97 | 1.3847 | 78.52 | 110 8/32 |
| Resistance 2 | 667.03 | 1.3788 | 77.89 | 110 3/32 |
| Resistance 1 | 665.57 | 1.3750 | 77.36 | 109 27/32 |
| Pivot | 662.63 | 1.3691 | 76.73 | 109 22/32 |
| Support 1 | 661.17 | 1.3653 | 76.20 | 109 14/32 |
| Support 2 | 658.23 | 1.3594 | 75.57 | 109 9/32 |
| Support 3 | 656.77 | 1.3556 | 75.04 | 109 1/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, July 31, 2007
Economic
08:30am Jun Personal Income (last 0.4%), Personal Spending (last 0.5%), PCE Core (last 0.1%), PCE Deflator Y/Y (last 2.3%), Q2 Employment Cost Index (last 0.8%)
09:00am May S&P/CS Composite-20 Home Price Index (last –2.1%)
09:45am Jul Chicago Purchasing Manager (last 60.2)
10:00am Jul Consumer Confidence (last 103.9), NAPM-Milwaukee (last 66.0), Jun Construction Spending (last 0.9%)
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.5%). Redbook Retail Sales (8:55, last 2.8%). Joint Meeting of the Gastrointestinal Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee meets at 8:00am. ABC Consumer Confidence (last -5). Trades Ex-split: DIOD 3-2. Trades Ex-dividend: ALEX $0.29, CAG $0.18, FELE $0.12, JBHT $0.09.
Earnings
Before the Open: AG ALU AMED AEP AHG ARJ ADP AUXL AVP BEAV MBS BPHX BRKR CAM CACS CBS FUN COH CVH CRY ETR EEE FSRV FDP IT GM GPI GTXI HC HW HMA HSII HLT HEP HOLX HUN IMCL IPSU INFS IACI IVC LDR LCAV LIZ MHO MMP MRO MCS MAS MCGC MTCT NCR NNI NURO UWN GAS NMX ONNN OSTK PEI PER PPC PMI RBC RTIX RJET SAF SGK SMG SINT SIRI SAH JOE THOR TKR TWP UA UTHR VCI VLO VNO WMI WEC. After the Close: ALO ACAS AFG AMKR ANSR AOC AVR BBBB BWLD CEDC CEPH CMG CHRD OFC CCI DENN XRAY DWA DRC EDR EHTH HLTH EAC ENTU EQR FEC FCH FSLR FBC GGP BGC GMR HS SOLD HTCH KFRC LFG XPRT LXRX LNC LNET MXWL MET MIL MPWR MOSY NVT NCIT NAL OIS OSUR PDFS PLMD RNWK RNR RTI RUTH SLRY SVNT SIRF SPSS SWN SVR TWPG TRMB TTMI TUP OVEN VPRT WTS WBMD WFMI WMGI.
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 #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 ensure 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,
Stocks finshed on their lows after 4 days of strong selling.
Monday in specific and next week in general will be very interesting.
Have a relaxing weekend and a good trading day Monday.
LEVELS:
| Contract (SEPT. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1521.17 | 2048.00 | 13781 | 815.73 |
| Resistance 2 | 1508.33 | 2030.50 | 13678 | 806.87 |
| Resistance 1 | 1483.17 | 1997.00 | 13481 | 789.73 |
| Pivot | 1470.33 | 1979.50 | 13378 | 780.87 |
| Support 1 | 1445.17 | 1946.00 | 13181 | 763.73 |
| Support 2 | 1432.33 | 1928.50 | 13078 | 754.87 |
| Support 3 | 1407.17 | 1895.00 | 12881 | 737.73 |
| | | | | |
| Contract | August Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds |
| Resistance 3 | 668.73 | 1.3862 | 79.51 | 110 25/32 |
| Resistance 2 | 665.77 | 1.3819 | 78.31 | 110 16/32 |
| Resistance 1 | 662.93 | 1.3738 | 77.66 | 110 4/32 |
| Pivot | 659.97 | 1.3695 | 76.46 | 109 27/32 |
| Support 1 | 657.13 | 1.3614 | 75.81 | 109 15/32 |
| Support 2 | 654.17 | 1.3571 | 74.61 | 109 6/32 |
| Support 3 | 651.33 | 1.3490 | 73.96 | 108 26/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Monday, July 30, 2007
Economic
Events
Treasury Secretary Paulson travels to China (Mon-Wed). Joint Meeting of the Endocrinologic and Metabolic Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee meets at 8:00am. Trades Ex-split: GMCR 3-1, SJR 2-1. Trades Ex-dividend: AOC $0.18, BWA $0.17, CTX $0.04, CHAP $0.10, DJ $0.25, HAS $0.16, RX $0.03, PNW $0.525, SOV $0.08, WL $0.335.
Earnings
Before the Open: ACV ARLP ADM ARM SAN BWP BVN CCJ CAN CTCM DCO FPL GEHL HUM SFI JAH LTR MNST NTE NNN NSTC NS RSH ROC SRP SPG TSN. After the Close: ACTU AATI AMMD APC ANDW CF CTV CYH CTS CVTX CYTC EXP EFII FARO FRK FTI FDG HCP ININ IVAC MTW MRT ODSY OSIP OXM PPS PWAV PFG RADN RCII SIE SIMO SONO SFN SUNW SPN TFX TXRH TRMA UDR VMC.
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 #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 ensure 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,
Wow, what a volatile trading day. Not much to say here when the numbers speak for themselves: The market opened lower (16 points gap open!! ) and continued to be on the defensive the rest of the day closing 36 pooints lower on the SP 500 with heavy volume!
These are times that while you are trying to trade and make money, you must also be very strict and disciplined with yourself as far as what is the most amount of risk capital you are willing to risk for the trading day. This will help you survive to trade another day, in case you had a bad trading day.
LEVELS:
| Contract (SEPT. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1554.50 | 2086.33 | 14135 | 831.00 |
| Resistance 2 | 1534.60 | 2056.67 | 13960 | 819.50 |
| Resistance 1 | 1511.30 | 2028.33 | 13745 | 806.00 |
| Pivot | 1491.40 | 1998.67 | 13570 | 794.50 |
| Support 1 | 1468.10 | 1970.33 | 13355 | 781.00 |
| Support 2 | 1448.20 | 1940.67 | 13180 | 769.50 |
| Support 3 | 1424.90 | 1912.33 | 12965 | 756.00 |
| | | | | |
| Contract | August Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds |
| Resistance 3 | 683.70 | 1.3883 | 79.08 | 111 9/32 |
| Resistance 2 | 678.40 | 1.3839 | 78.12 | 110 22/32 |
| Resistance 1 |
