Cannon Trading Co. Inc.
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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, August 30, 2007

Futures Trading levels and Economic reports for August 31st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Tomorrow some markets will observe shorter trading hours, like bonds and currencies. Stock indices will have regular session.
 
For detailed list of Labor Day trading schedule , please visit:
 
 
Have a great trading day and an enjoyable Labor Day weekend!
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1489.63 2030.00 13470 803.83
Resistance 2 1480.57 2009.00 13405 798.67
Resistance 1 1470.63 1988.00 13335 789.83
Pivot 1461.57 1967.00 13270 784.67
Support 1 1451.63 1946.00 13200 775.83
Support 2 1442.57 1925.00 13135 770.67
Support 3 1432.63 1904.00 13065 761.83
         
Contract  December Gold Sept. Euro Oct. Crude Oil Dec. Bonds 
Resistance 3 681.03 1.3761 74.69 112 26/32
Resistance 2 678.77 1.3723 74.22 112 15/32
Resistance 1 676.33 1.3677 73.79 112  9/32
Pivot 674.07 1.3639 73.32 111 30/32
Support 1 671.63 1.3593 72.89 111 24/32
Support 2 669.37 1.3555 72.42 111 13/32
Support 3 666.93 1.3509 71.99 111  7/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, August 31, 2007


Economic
08:30AM July Personal Income (last 0.4%), Personal Spending (last 0.1%), PCE Deflator (2.3%), PCE Core M/M (last 0.1%)
09:45AM August Chicago Purchasing Manager (last 53.4)
10:00AM July Factor Orders (last 0.6%), August Final U. of Michigan Confidence (last 83.3)
Events
Fed's Bernanke Symposium in Jackson Hole, WY 10:00AM. Trades Ex-dividend: AVY $0.40, JOYG $0.15.
Earnings
Before the Open: None Seen. After the Close: None Seen.
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.
 

Wednesday, August 29, 2007

Futures Trading levels and Economic reports for Aug. 30th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Just as yesterday was a nice smooth sell off, today was a nice smooth rally (for the most part....).
 
Easy to see when the trading session is over, not so while in it.....one of the reasons trading is so hard.
 
Have a great trading day Thursday!
 
 
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1503.20 2020.00 13402 813.18
Resistance 2 1485.20 1991.00 13323 801.47
Resistance 1 1475.30 1976.00 13282 795.43
Pivot 1457.30 1947.00 13203 783.72
Support 1 1447.40 1932.00 13162 777.68
Support 2 1429.40 1903.00 13083 765.97
Support 3 1419.50 1888.00 13042 759.93
         
Contract  December Gold Sept. Euro Oct. Crude Oil Sept. Bonds 
Resistance 3 682.53 1.3842 75.46 112 12/32
Resistance 2 680.27 1.3765 74.50 112  6/32
Resistance 1 677.83 1.3726 74.01 111 26/32
Pivot 675.57 1.3649 73.05 111 20/32
Support 1 673.13 1.3610 72.56 111  8/32
Support 2 670.87 1.3533 71.60 111  2/32
Support 3 668.43 1.3494 71.11 110 22/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, August 30, 2007


Economic
08:30AM Initial Jobless Claims (last 322K), Preliminary Q2 GDP (last 3.4%), Personal Consumption (last 1.3%), GDP Price Index (last 2.7%), Core PCE Q/Q (last 1.4%)
10:00AM July Help Wanted (last 26), Q2 House Price Index (last 0.5%)
10:30AM Natural Gas Inventories
01:00PM Treasury 5-year Note Auction results
Events
NVLS Q3 Mid-Quarter Update 4:30PM. Trades Ex-split: TISI 2:1, SSYS 2:1. Trades Ex-dividend: ANF $0.175, CG $0.455, HIG $0.50, LMT $0.35, LTR $0.063, MTB $0.70, PRM $2.15, SGP $0.75.
Earnings
Before the Open: BTH BF.B CIEN CONN DLM DDS DHT FRE GCO GRB HRB KIRK OPSW OSIS SHLD SKIL TIF UNFI VIP ZLC. After the Close: CPWM CMOS DLIA DELL DSW ESL HAIN ISLE JCG LTXX MRGE NINE OVTI OTEX RSTO SEAC SCMR WIND.
 
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.
 

Tuesday, August 28, 2007

Futures Trading levels and Economic reports for Aug.29th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 

Today's sell off was a bit different from the ones we have seen in the last few weeks/ months. I think today was the first "orderly, smooth" sell off I have seen in a while. By that I mean that we did not see quick 10 points bounces and high volatility, just a gradual steady decline in prices.

 

What does that mean? maybe not much but on a longer term view, I think this suggests more room to the down side.

 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1483.13 1975.33 13477 797.83
Resistance 2 1473.07 1960.67 13393 791.92
Resistance 1 1455.13 1934.33 13239 780.33
Pivot 1445.07 1919.67 13155 774.42
Support 1 1427.13 1893.33 13001 762.83
Support 2 1417.07 1878.67 12917 756.92
Support 3 1399.13 1852.33 12763 745.33
         
Contract  December Gold Sept. Euro Oct. Crude Oil Sept. Bonds 
Resistance 3 682.00 1.3752 73.14 112 11/32
Resistance 2 679.30 1.3721 72.64 112  3/32
Resistance 1 676.40 1.3671 72.19 111 27/32
Pivot 673.70 1.3640 71.69 111 19/32
Support 1 670.80 1.3590 71.24 111 11/32
Support 2 668.10 1.3559 70.74 111  3/32
Support 3 665.20 1.3509 70.29 110 27/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, August 29, 2007


Economic
10:30AM Crude Oil/Gasoline/Distillate Inventories
01:00PM Treasury 2-year Note Auction results
Events
MBA Mortgage Applications (7:00, last –5.5%). Trades Ex-split: NE 2:1. Trades Ex-dividend: ADI $0.18, ARRO $0.21, B $0.14, BLK $0.67, CHL $0.54, CBE $0.21, CR $0.18, CSX $0.15, D $0.20, TEG $0.66, MGA $0.36, MI $0.31, TIN $0.28, PGR $2, WM $0.396, WB $0.64, WHR $0.43.
Earnings
Before the Open: BIG BWS CYBX DAI DSLT ENER FRED JOYG LAYN WSM. After the Close: CHS CTRN CWTR FCEL GEF HEI JAS UEPS NOVL PSS SIGM TIVO.
 
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.
 

Monday, August 27, 2007

Futures Trading levels and Economic reports for Aug. 28th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
This week is considered the last week of summer trading as most traders return to full speed after labor day weekend next week.
 
Hope everyone will enjoy a successful trading week!
 
LEVELS:
 
Contract (SEPT. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1487.67 1980.17 13475 805.67
Resistance 2 1483.73 1973.58 13445 802.33
Resistance 1 1475.87 1964.17 13395 796.17
Pivot 1471.93 1957.58 13365 792.83
Support 1 1464.07 1948.17 13315 786.67
Support 2 1460.13 1941.58 13285 783.33
Support 3 1452.27 1932.17 13235 777.17
         
Contract  December Gold Sept. Euro Oct. Crude Oil Sept. Bonds 
Resistance 3 678.97 1.3736 74.38 112  2/32
Resistance 2 677.93 1.3716 73.19 111 23/32
Resistance 1 677.07 1.3685 72.58 111 17/32
Pivot 676.03 1.3665 71.39 111  6/32
Support 1 675.17 1.3634