Cannon Trading Futures Blog: Daily Support and Resistance Levels Blog: August 2007

Futures Trading levels and Economic reports for August 31st

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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:

http://www.cannontrading.com/news/newsletter.php#one

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.

Futures Trading levels and Economic reports for Aug. 30th

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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.

Futures Trading levels and Economic reports for Aug.29th

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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.

Futures Trading levels and Economic reports for Aug. 28th

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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	70.78	111
Support 2	674.13	1.3614	69.59	110 21/32
Support 3	673.27	1.3583	68.98	110 15/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Tuesday, August 28, 2007

Economic

09:00AM June S&P/CaseShiller Home Price Index (last 200.0)

10:00AM August Consumer Confidence (last 112.6), Richmond Fed Manufacturing Index (last 4)

02:00PM August 7th FOMC Minutes

Events

ICSC/UBSW Chain Store Sales (7:45, last 0.2%). Redbook Retail Sales (8:55, last 2.2%). ABC Consumer Confidence (last -11). Gartner Financial Services Technology Summit. Trades Ex-dividend: HD $0.225, LTD $0.15, UNP $0.35.

Earnings

Before the Open: CHINA CMED COCO SAFM TUES. During Market Hours: NX. After the Close: ANEN APSG BGP DY MCRS PEC SMTC LNUX NCTY.

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.

Futures Trading levels and Economic reports for Aug.27th

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Dear Trader,

Strong finish for the week after some intervention by the fed with the discount rate this past week.

I think anyones guess regarding the market direction for the days and weeks to come is a good one....

LEVELS:

Contract (SEPT. 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1510.50	2021.67	13645	819.30
Resistance 2	1497.20	1995.83	13532	810.50
Resistance 1	1490.40	1982.67	13470	806.10
Pivot	1477.10	1956.83	13357	797.30
Support 1	1470.30	1943.67	13295	792.90
Support 2	1457.00	1917.83	13182	784.10
Support 3	1450.20	1904.67	13120	779.70

Contract	December Gold	Sept. Euro	Oct. Crude Oil	Sept. Bonds
Resistance 3	689.83	1.3859	73.38	111 15/32
Resistance 2	684.17	1.3776	72.36	111 8/32
Resistance 1	680.83	1.3728	71.73	111 1/32
Pivot	675.17	1.3645	70.71	110 26/32
Support 1	671.83	1.3597	70.08	110 19/32
Support 2	666.17	1.3514	69.06	110 12/32
Support 3	662.83	1.3466	68.43	110 5/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Monday, August 27, 2007

Economic

10:00AM July Existing Home Sales (last 5.75M)

11:00AM Treasury 2 and 5-year Note Announcements ($18B and $13B expected)

Events

Trades Ex-split: TXT 2:1. Trades Ex-dividend: GLW $0.05, GXP $0.415, GHL $0.38, LZB $0.12.

Earnings

Before the Open: None Seen. After the Close: CSC SNDA.

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.

Futures Trading levels and Economic reports for Aug. 24th

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Dear Trader,

Plan your trade, trade your plan!

LEVELS:

Contract (SEPT. 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1496.40	1976.67	13453	820.00
Resistance 2	1486.80	1964.33	13393	812.90
Resistance 1	1476.40	1951.67	13326	802.95
Pivot	1466.80	1939.33	13266	795.85
Support 1	1456.40	1926.67	13199	785.90
Support 2	1446.80	1914.33	13139	778.80
Support 3	1436.40	1901.67	13072	768.85

Contract	December Gold	Sept. Euro	Oct. Crude Oil	Sept. Bonds
Resistance 3	679.50	1.3652	71.24	111 22/32
Resistance 2	677.00	1.3625	70.64	111 7/32
Resistance 1	672.70	1.3599	70.24	110 30/32
Pivot	670.20	1.3572	69.64	110 15/32
Support 1	665.90	1.3546	69.24	110 6/32
Support 2	663.40	1.3519	68.64	109 23/32
Support 3	659.10	1.3493	68.24	109 14/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Friday, August 24, 2007

Economic

8:30AM July Durable Goods (last +1.3%), Ex-Transportation (last –1.0%)

10:00AM July New Home Sales (last 834K)

Events

Trades Ex-dividend: BLKB $0.085, JNJ $0.415, KEY $0.365, MHP $0.205.

Earnings

Before the Open: ANN BKC HPOL HNZ SKIL. After the Close: LRCX.

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.

e-CBOT Emergency Notification

All markets will enter Pre-Open at 11:00 A.M. Chicago time. The Financial Opening will begin at 11:30 A.M., followed by Equities and Metals at 11:35 A.M and Agriculturals at 11:37 A.M. Chicago time. Implieds have been turned off for all Agricultural and Metal markets, Fed Fund implied markets will remain on.

All GTC and GTD orders that were in the system prior to 9:46 A.M have remained in the system. Please distribute this information to the appropriate staff at your firm. If you have any further questions, please contact Market Operations at 312-347-4600.

Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.
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 #515
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 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.

e-CBOT Emergency Notification

All e-CBOT markets are down due to e-cbot technical issues. Market Operations will update the 312-347-4600 phone message and cbot.com as more information becomes available.

If you need any help, please contact your broker at 800-454-9572

Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.
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 #515
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 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.

Futures Trading levels and Economic reports for Aug. 23rd

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Dear Trader,

Below you will find trading levels and economic reports for tomorrows trading day, Thursday Aug. 23rd.

Good Trading!

LEVELS:

Contract (SEPT. 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1488.40	1969.67	13410	812.42
Resistance 2	1478.70	1958.33	13345	807.33
Resistance 1	1473.70	1951.67	13310	804.17
Pivot	1464.00	1940.33	13245	799.08
Support 1	1459.00	1933.67	13210	795.92
Support 2	1449.30	1922.33	13145	790.83
Support 3	1444.30	1915.67	13110	787.67

Contract	December Gold	Sept. Euro	Oct. Crude Oil	Sept. Bonds
Resistance 3	675.13	1.3692	71.49	111 2/32
Resistance 2	673.37	1.3627	70.82	110 24/32
Resistance 1	671.03	1.3591	70.04	110 18/32
Pivot	669.27	1.3526	69.37	110 8/32
Support 1	666.93	1.3490	68.59	110 2/32
Support 2	665.17	1.3425	67.92	109 24/32
Support 3	662.83	1.3389	67.14	109 18/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Thursday, August 23, 2007

Economic

08:30AM Initial Jobless Claims (last 322K)

10:30AM Natural Gas Inventories

Events

Trades Ex-dividend: LYO $0.225, SAY $0.104, WTS $0.10.

Earnings

Before the Open: BKS BONT CMRG CTR CCBL DEBS DDS DHT GME GMTN GRB HRL LB LYTS NWY OPSW PDCO PRGO SCVL SFD SSI SMRT BKE TTC TWB WTSLA WSM. After the Close: ARO ANEN BEBE BRCD GPS HIBB ISLE JCG MRVL MENT NDSN PSUN SCSC BRLC VIMC.

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.

Futures Trading levels and Economic reports for Aug 22nd

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

Dear Trader,

LEVELS:

Contract (Sept 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1475.93	1961.17	13320	805.17
Resistance 2	1467.97	1942.33	13267	800.33
Resistance 1	1459.73	1931.67	13196	795.17
Pivot	1451.77	1912.83	13143	790.33
Support 1	1443.53	1902.17	13072	785.17
Support 2	1435.57	1883.33	13019	780.33
Support 3	1427.33	1872.67	12948	775.17

Contract	Dec Gold	Sept. Euro	Oct. Crude Oil	Sept. Bonds
Resistance 3	673.97	1.3582	62.45	111 7/32
Resistance 2	671.53	1.3557	61.25	110 30/32
Resistance 1	668.87	1.3518	60.60	110 25/32
Pivot	666.43	1.3493	60.00	110 16/32
Support 1	663.77	1.3454	59.20	110 11/32
Support 2	661.33	1.3429	58.60	110 2/32
Support 3	658.67	1.3390	57.90	109 29/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Wednesday, August 22, 2007

Economic

10:30AM Crude Oil/Gasoline/Distillate Inventories

Events

MBA Mortgage Applications (7:00, last +3.4%). UBS Small and Mid Cap Conference. Trades Ex-split: ARO 3:2, AAON 3:2. Trades Ex-dividend: MMM $0.48, AU $0.127, ACAT $0.07, CCL $0.35, DBD $0.235, ITT $0.14, RHI $0.10, SHW $0.315, SOR $1.0, HSY $0.268, VMC $0.46.

Earnings

Before the Open: AMWD CHRS EV MAG RGS ROST SHMR TLB TECD TOL WCI. After the Close: ANF DESC FL GYMB HOTT INTU JDSU LTD MW PVH SNPS VRGY ZUMZ

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.

Futures Trading levels and Economic reports for August 21st

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

Dear Trader,

Relatively speaking.....we had a quiet day today with "only" 21 points range on the SP500 and "only" 1.7 million contracts trading on the mini SP 500......

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	1480.23	1936.50	13439	809.30
Resistance 2	1468.37	1922.25	13330	801.90
Resistance 1	1458.73	1910.00	13239	795.80
Pivot	1446.87	1895.75	13130	788.40
Support 1	1437.23	1883.50	13039	782.30
Support 2	1425.37	1869.25	12930	774.90
Support 3	1415.73	1857.00	12839	768.80

Contract	Dec Gold	Sept. Euro	Sept. Crude Oil	Sept. Bonds
Resistance 3	675.83	1.3567	62.45	111 8/32
Resistance 2	673.17	1.3545	61.25	110 29/32
Resistance 1	669.83	1.3517	60.60	110 18/32
Pivot	667.17	1.3495	60.00	110 7/32
Support 1	663.83	1.3467	59.20	109 28/32
Support 2	661.17	1.3445	58.60	109 17/32
Support 3	657.83	1.3417	57.90	109 6/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Tuesday, August 21, 2007

Economic

None Seen

Events

ICSC/UBSW Chain Store Sales (7:45, last –0.9%). Redbook Retail Sales (8:55, last +2.3%). Fed's Lacker North Carolina Risk Management Group 12:30PM. ABC Consumer Confidence (last -11). Gartner Future of IT Conference. Bank of New York GSA SmartPay Conference. Trades Ex-dividend: ASF $0.11 KCP $0.18 MXIM $0.19 SMG $0.125 TOC $0.245

Earnings

Before the Open: ARXT AEO BJ DKS MYGN RTLX SKS SPLS TGT. After the Close: ACS ADI BCSI CALL CLZR JKHY MDT PBY.

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.

Futures Trading levels and Economic reports for August 20th

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

Dear Trader,

A client of mine shared the following with me:

"Markets can be irrational longer than you can be solvent." - John Maynard Keynes

LEVELS:

Contract (SEPT. 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1499.60	1953.00	13500	828.67
Resistance 2	1479.80	1928.00	13360	816.83
Resistance 1	1464.90	1911.00	13230	802.92
Pivot	1445.10	1886.00	13090	791.08
Support 1	1430.20	1869.00	12960	777.17
Support 2	1410.40	1844.00	12820	765.33
Support 3	1395.50	1827.00	12690	751.42

Contract	December Gold	Sept. Euro	Sept. Crude Oil	Sept. Bonds
Resistance 3	687.03	1.3756	73.15	111 5/32
Resistance 2	680.67	1.3657	72.73	110 22/32
Resistance 1	673.73	1.3580	72.35	110 8/32
Pivot	667.37	1.3481	71.93	109 25/32
Support 1	660.43	1.3404	71.55	109 11/32
Support 2	654.07	1.3305	71.13	108 28/32
Support 3	647.13	1.3228	70.75	108 14/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Monday, August 20, 2007

Economic

10:00AM July Leading Indicators (last –0.3%)

Events

American Bankers Association Forum for Fiduciaries. Trades Ex-split: SHEN 3:2, FFIV 2:1 RIMM 3:1. Trades Ex-dividend: PBR $0.45.

Earnings

Before the Open: ITRN KNSY LOW SOLF TSL. After the Close: KONG LTOPN OPLK PERY.

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.

Futures Trading levels and Economic reports for Aug.17th

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

Dear Trader,

Volatility is unprecedented since I became a broker in 1998. Preservation of capital and survival should be number one priority in my opinion.

LEVELS:

Contract (Sept 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1491.33	1944.50	13471	823.17
Resistance 2	1458.17	1909.50	13210	798.83
Resistance 1	1441.33	1883.00	13077	786.67
Pivot	1408.17	1848.00	12816	762.33
Support 1	1391.33	1821.50	12683	750.17
Support 2	1358.17	1786.50	12422	725.83
Support 3	1341.33	1760.00	12289	713.67

Contract	Dec Gold	Sept. Euro	Sept. Crude Oil	Sept. Bonds
Resistance 3	695.50	1.3562	62.45	112 5/32
Resistance 2	685.60	1.3512	61.25	111 17/32
Resistance 1	671.80	1.3471	60.60	111 2/32
Pivot	661.90	1.3421	60.00	110 14/32
Support 1	648.10	1.3380	59.20	109 31/32
Support 2	638.20	1.3330	58.60	109 11/32
Support 3	624.40	1.3289	57.90	108 28/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Friday, August 17, 2007

Economic

10:00AM August Preliminary University of Michigan Confidence (last 90.4)

Events

Fed's Poole speaks about U.S. Exports 9:00AM. Trades Ex-dividend: MAC $0.71, PRK $0.93.

Earnings

Before the Open: CCUR SJM.

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.

Futures Trading levels and Economic reports for Aug. 16th

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

Dear Trader,

SP 500 had a 40 points range from high to low. The market witnessed 10 points move both ways, at times in less than 5-10 minutes! EXTREME volatility!

The ranges and volatility provide opportunities as well as RISK!

Be smart, use stops and only allow yourself to risk a certain amount of money per day. Don't let a bad trading day turn into one that eats your whole account balance.

LEVELS:

Contract (SEPT. 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1475.00	1919.00	13323	796.58
Resistance 2	1460.80	1914.50	13242	787.67
Resistance 1	1437.40	1912.00	13078	780.33
Pivot	1423.20	1907.50	12997	771.42
Support 1	1399.80	1905.00	12833	764.08
Support 2	1385.60	1900.50	12752	755.17
Support 3	1362.20	1898.00	12588	747.83

Contract	August Gold	Sept. Euro	Sept. Crude Oil	Sept. Bonds
Resistance 3	691.80	1.3617	75.85	110 17/32
Resistance 2	686.50	1.3585	75.02	110 8/32
Resistance 1	683.10	1.3525	74.17	109 29/32
Pivot	677.80	1.3493	73.34	109 20/32
Support 1	674.40	1.3433	72.49	109 9/32
Support 2	669.10	1.3401	71.66	109
Support 3	665.70	1.3341	70.81	108 21/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Thursday, August 16, 2007

Economic

08:30AM Initial Jobless Claims (last 316K), July Housing Starts (last 1.47M), Building Permits (last 1.41M)

10:30AM Natural Gas Inventories

12:00AM August Philadelphia Fed (last 9.2)

Events

Blood Products Advisory Committee 8am. Trades Ex-dividend: AL $0.20, FAST $0.23, HON $0.25, TGT $0.14, WAG $0.095.

Earnings

Before the Open: AES BKS BIG DKS EFD EL FLO FTD GMTN HAR JCP LANC MGPI PACT POP SHMR BKE TWB WEW WCI WTSLA. After the Close: ARXX AFCE ACS ANEN ADSK CSC CPWM DIET RDEN FMCN GES GYMB HPQ HRAY KSS LTRE NINE JWN OHB PSUN PBY RRGB VIMC 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 / 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.

Futures Trading levels and Economic reports for August 15th

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

Dear Trader,

August is half way behind us and the volatility and fast market conditions are just getting stronger and not showing any signs of slowing down.

As a trader you must understand the market conditions you are trading in.

Range bound slow moving market must be treated much different than fast moving, wide range, high volatility market like we are witnessing for the last few months.

How you place orders (market orders versus limits?), the time frame you are using on the charts, the amount of money you are risking per trade etc. all need to be evaluated in light of the latest market behavior. If you need help, would like to get some feedback or bounce any ideas, feel free to call me at 800-454-9572

LEVELS:

Contract (SEPT. 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1485.33	1980.67	13495	803.67
Resistance 2	1473.57	1965.83	13402	795.33
Resistance 1	1453.53	1939.67	13246	781.67
Pivot	1441.77	1924.83	13153	773.33
Support 1	1421.73	1898.67	12997	759.67
Support 2	1409.97	1883.83	12904	751.33
Support 3	1389.93	1857.67	12748	737.67

Contract	August Gold	Sept. Euro	Sept. Crude Oil	Sept. Bonds
Resistance 3	686.47	1.3712	73.89	111
Resistance 2	684.23	1.3678	73.19	110 15/32
Resistance 1	681.97	1.3617	72.79	110 4/32
Pivot	679.73	1.3583	72.09	109 19/32
Support 1	677.47	1.3522	71.69	109 8/32
Support 2	675.23	1.3488	70.99	108 23/32
Support 3	672.97	1.3427	70.59	108 12/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Wednesday, August 15, 2007

Economic

08:30AM July Consumer Price Index (last 0.2%), CPI Ex Food & Energy (last 0.2%), CPI NSA (last 208.3), August Empire Manufacturing (last 26.5)

09:00AM June Net Long-term TIC Flows (last $126.1B)

09:15AM July Industrial Production (last 0.5%), Capacity Utilization (last 81.7%)

10:30AM Crude Oil/Gasoline/Distillate Inventories

01:00PM August NAHB Housing Market Index (last 24)

Events

MBA Mortgage Applications (7:00, last +8.1%). FDA Licensure of Apoheresis Blood Products 8AM. Trades Ex-dividend: AFL $0.205, AVP $0.185, BMS $0.21, BYD $0.15, CVX $0.58, CMI $0.25, PCAR $0.25, PBI $0.33, UTX $0.32, WMT $0.22.

Earnings

Before the Open: CTR CPA DAKT DE IAG ORCT SLE. After the Close: CAI IMOS DITC LDG NTAP NUCO PETM PLAB CRM.

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.

Futures Trading levels and Economic reports for Aug. 14th

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

Dear Trader,

LEVELS:

Contract (SEPT. 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1485.57	1968.67	13470	819.28
Resistance 2	1479.03	1962.83	13425	811.77
Resistance 1	1467.07	1952.67	13340	797.03
Pivot	1460.53	1946.83	13295	789.52
Support 1	1448.57	1936.67	13210	774.78
Support 2	1442.03	1930.83	13165	767.27
Support 3	1430.07	1920.67	13080	752.53

Contract	August Gold	Sept. Euro	Sept. Crude Oil	Sept. Bonds
Resistance 3	685.43	1.3803	74.51	110 12/32
Resistance 2	683.97	1.3765	73.81	109 30/32
Resistance 1	682.43	1.3697	72.71	109 23/32
Pivot	680.97	1.3659	72.01	109 9/32
Support 1	679.43	1.3591	70.91	109 2/32
Support 2	677.97	1.3553	70.21	108 20/32
Support 3	676.43	1.3485	69.11	108 13/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Tuesday, August 14, 2007

Economic

08:30AM June Trade Balance (last –$60B), July Producer Price Index (last –0.2%), PPI Ex Food & Energy (last 0.3

Events

ICSC/UBSW Chain Store Sales (7:45, last –0.3%). Redbook Retail Sales (8:55, last +3.2%). ABC Consumer Confidence (last ). CSFB Communications Conf. Keefe, Bruyette & Woods Large Cap Bank Conf. Trades Trades Ex-dividend: AMAT $0.06, DSX $0.51, MSFT $0.10.

Earnings

Before the Open: AER DDS ESLT FOSL GKSR GIGM HD IGLD MTRX SCHS TJX WMT. After the Close: A ANST AMAT BBOX JRJC GUID DISK LZB LCBM NWRE NLST.

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.

Futures Trading levels and Economic reports for August 13th

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

Dear Trader,

Hope everyone will enjoy a nice, relaxing weekend and a great trading week starting Monday.

LEVELS:

Contract (SEPT. 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1501.50	2004.67	13601	835.33
Resistance 2	1485.00	1980.33	13476	819.17
Resistance 1	1468.00	1954.67	13356	803.33
Pivot	1451.50	1930.33	13231	787.17
Support 1	1434.50	1904.67	13111	771.33
Support 2	1418.00	1880.33	12986	755.17
Support 3	1401.00	1854.67	12866	739.33

Contract	August Gold	Sept. Euro	Sept. Crude Oil	Sept. Bonds
Resistance 3	703.80	1.3804	73.51	109 29/32
Resistance 2	695.40	1.3764	72.56	109 25/32
Resistance 1	688.50	1.3740	72.01	109 17/32
Pivot	680.10	1.3700	71.06	109 13/32
Support 1	673.20	1.3676	70.51	109 5/32
Support 2	664.80	1.3636	69.56	109 1/32
Support 3	657.90	1.3612	69.01	108 25/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Monday, August 13, 2007

Economic

08:30AM July Advance Retail Sales (last –0.9%), Retail Sales Less Autos (last –0.4%)

10:00AM June Business Inventories (last 0.5%)

Events

Keefe, Bruyette & Woods Large Cap Bank Conf. Trades Ex-split: HCSG 3:2. Trades Ex-dividend: AIT $0.15, ADM $$0.115, CIT $0.25, ED $0.58, CFC $0.15, LLY $0.425, EXC $0.44, IR $0.18, IP $0.25, LEH $0.15, STU $1.43, X $0.20.

Earnings

Before the Open: CSIQ GTLS GRRF CHCI LCRY SYY VAL VYYO XFML. After the Close: ARII ANSW BOBE CNTF CPII DV DTE ERJ EXM LINE NTES PAAS FACE STEC WNS.

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.

Futures Trading levels and Economic reports for August 10th

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

Dear Trader,

Another extremely volatile day. Starting to sound like a broken record.....

At times like these, the trades ytou choose not to take may be more important than the ones you do take.

LEVELS:

Contract (SEPT. 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1518.83	2047.00	13827	812.00
Resistance 2	1506.17	2025.00	13723	806.00
Resistance 1	1481.83	1986.00	13527	794.50
Pivot	1469.17	1964.00	13423	788.50
Support 1	1444.83	1925.00	13227	777.00
Support 2	1432.17	1903.00	13123	771.00
Support 3	1407.83	1864.00	12927	759.50

Contract	August Gold	Sept. Euro	Sept. Crude Oil	Sept. Bonds
Resistance 3	685.47	1.3959	73.71	110 21/32
Resistance 2	681.73	1.3897	72.93	110 7/32
Resistance 1	677.27	1.3796

USA/Canada:		(800) 454-9572
International:		(310) 859-9572

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Cannon Trading Futures Blog: Daily Support and Resistance Levels: Archive

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