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Cannon Trading Futures Blog: Daily Support and Resistance Levels

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Wednesday, October 31, 2007

Futures Trading levels and Economic reports for Nov 1st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
October went out in style with an interesting and volatile session post FOMC decision to lower rates by 0.25%
 
I wish everyone a successful trading month during November!
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1588.77 2310.00 14214 855.37
Resistance 2 1573.63 2281.50 14102 844.43
Resistance 1 1564.27 2267.00 14019 838.37
Pivot 1549.13 2238.50 13907 827.43
Support 1 1539.77 2224.00 13824 821.37
Support 2 1524.63 2195.50 13712 810.43
Support 3 1515.27 2181.00 13629 804.37
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 806.87 1.4509 96.65 114  8/32
Resistance 2 801.43 1.4501 96.22 113 29/32
Resistance 1 798.37 1.4491 95.71 113  8/32
Pivot 792.93 1.4483 95.28 112 29/32
Support 1 789.87 1.4473 94.77 112  8/32
Support 2 784.43 1.4465 94.34 111 29/32
Support 3 781.37 1.4455 93.83 111  8/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, November 01, 2007


Economic
7:30am Oct Challenger Job Cuts (last –28.5% y/y)
8:30am Sep Personal Income (last 0.3%), Sep Personal Spending (last 0.6%), Sep PCE deflator (last 1.8% y/y), Sep PCE Core (last 0.1% m/m, 1.8% y/y), Initial Jobless Claims (last 331K), Continuing Claims (last 2.53M)
10:00am Oct ISM Manufacturing (last 52.0), Oct ISM Prices Paid (last 59.0)
10:30am Natural Gas Inventories
Events
Oct Total Vehicle Sales (last 16.2M), Oct Domestic Vehicle Sales (last 12.5M), US Vertical Events Conference – Mining 2007 Resources Convention, Trades Ex-dividend: C $0.54, LEN $0.16, SO $0.403, NBL $0.12
Earnings
Before the Open: ABN, ASF, ATG, AGU, ATK, AU, ANSS, AIZ, AZN, RATE, BDX, BRG, BXC, BTI, CAPU, CTL, CEVA, CAM, CVS, DNR, DROOY, ECLP, EDO, EGO, FAF, HAE, HNT, ICI, INCY, ITG, JAV, CLI, MKL, MHS, MORN, MTCT, MYGN, BABY, NRGN, OGE, OSK, PTEN, PCG, PXP, PDE, PEG, RVSN, GOLD, RCI, RGLD, SNMX, SFCC, SHPGY, SNN, SRT, STRA, SFY, TBL, ULBI, UN, UL, UNT, VRX, WMB, WPZ, WPS During Market Hours: EGHT, ACS, ABC, ANDE, ANPI, CNQ, CAPA, CBEY, CMS, CA, CNXT, ED, CRY, DIOD, D, DCP, EK, EE, EBSI, ENSI, XOM, GSX, GNSS, ROCK, GTI, HB, HOS, IAR, IMMR, IGT, ITRN, LSR, MRO, MAXY, MBRX, MAA, MLNM, MOGA, NMX, ZEUS, OTEX, PEET, PHMD, LGBT, RDC, RDK, SMG, SKP, SPR, S, TSO, TBIO, WPC, WST, WLK, WMGI After the Close: ARP, AHL, ACLS, BEBE, BLKB, BUCY, CAB, ELY, CPT, CBS, COGT, CGNX, CSTR, CK, DVA, TRAK, DGII, ERTS, EDS, EQ, EAS, EVC, FLS, GMST, GGC, GFIG, GLUU, HRS, HBIO, HVT, HTRN, HMSY, HOMS, IMGN, NSIT, INTT, IVAC, ITRI, KAMNA, KEYN, LNCE, LPSN, MGRC, MTD, MOH, NFS, OII, OIS, OPNT, OTTR, PGH, PNM, RMKR, RTEC, SLRY, SBAC, SIMG, SWKS, LVB, STXN, NZT, UNA, VCLK, VVC, VRSN, WRI, WDC, WBK, GLBL
 
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.
 

posted by Cannon Trading at 4:39 PM 0 comments

Tuesday, October 30, 2007

Futures Trading levels and Economic reports for Oct. 31st

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

Tomorrow is the last trading day of the month. More important we have FOMC at 2:15 PM eastern time. Not enough? we have a slew of economic reports before hand along with crude oil inventories (crude oil has made an all time high yesterday above $93 and fell more than $3 today on profit taking).....in short expect a busy, high volume and volatile day.

 

Personally I like to be flat 15 minutes before FOMC decision and wait for about 15 minutes after the announcement to allow the market to absorb and analyze the information before considering any trades.

 

Good Trading!

 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1551.00 2261.67 13945 827.83
Resistance 2 1547.50 2247.33 13915 825.67
Resistance 1 1542.00 2234.67 13870 821.33
Pivot 1538.50 2220.33 13840 819.17
Support 1 1533.00 2207.67 13795 814.83
Support 2 1529.50 2193.33 13765 812.67
Support 3 1524.00 2180.67 13720 808.33
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 796.27 1.4538 96.37 114 15/32
Resistance 2 792.33 1.4495 95.03 114  4/32
Resistance 1 790.07 1.4471 92.45 113 28/32
Pivot 786.13 1.4428 91.11 113 17/32
Support 1 783.87 1.4404 88.53 113  9/32
Support 2 779.93 1.4361 87.19 112 30/32
Support 3 777.67 1.4337 84.61 112 22/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, October 31, 2007


Economic
8:15am Oct ADP Employment change (last 58K)
8:30am 3Q GDP Annualized (last 3.8%), 3Q Personal Consumption (last 1.4%), 3Q GDP Price Index (last 2.6%), 3Q Core PCE q/q (last 1.4%), 3Q Employment Cost Index (last 0.9%)
9:45am Oct Chicago Purchasing Manager (last 54.2)
10:00am Sep Construction Spending (last 0.2% m/m), Oct NAPM Milwaukee (last 70.0)
10:30am Crude Oil/Gasoline/Distillate Inventories
2:15pm FOMC Interest Rate Decision
Events
9:00am FOMC meets on Interest Rates, Economy, Charles Schwab Impact 2007 Conference, MBA Mortgage Applications (7:00, last 0.0%). Trades Ex-dividend: SGP $0.65, CAG $0.19, MER $0.35, AA $0.17, NSC $0.26, ROH $0.37
Earnings
Before the Open: ALU, ALVR, AVA, BPO, CCJ, CRS, CKSW, CLX, DB, DHX, DSPG, EXAR, FCL, GRMN, HURN, IDA, ILOG, IDCC, IFF, JLL, KFT, MAC, MAG, MA, NVO, OCR, PMTC, PNX, RHB, RELV, COL, SNY, SBGI, SPW, SSYS, TGA, RIG, VICL, VRTU, WSII, WY, WYN, During Market Hours: ABBC, ABY, DOX, AHC, AVAN, FRT, FMS, FBN, GABC, IACI, IMA, KNDL, LFUS, MTW, MKTX, NVT, NCR, NEM, NBL, PKOH, PVA, PVR, PPL, QUOT, O, ROC, RTI, RUS, MF, SGTL, SMTB, TFX, VC After the Close: AAP, AW, AEL, AHT, AVB, ABX, BDN, BW, LRF, CBT, CAI, CDIS, DVR, CWT, CIR, CNO, DW, DRE, ENH, ERIE, ESS, FMC, DAVE, BGC, GNC, MA, GGP, GIVN, GSF, GPK, MANT, MET, OIIM, OTL, OKE, PDFS, PGTI, PLXS, PRU, KWR, REG, SHS, SLW, SWN, STNR, SUN, TK, UNM, WCAA
 
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.
 

posted by Cannon Trading at 1:04 PM 0 comments

Monday, October 29, 2007

Futures Trading levels and Economic reports for Oct. 30th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Quiet day ahead of the 2 day FOMC meeting along with the rate decision on Wednesday Oct. 31st at 2:30 Eastern time.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1559.57 2244.33 14017 841.00
Resistance 2 1555.13 2234.17 13975 836.00
Resistance 1 1551.07 2224.83 13943 830.75
Pivot 1546.63 2214.67 13901 825.75
Support 1 1542.57 2205.33 13869 820.50
Support 2 1538.13 2195.17 13827 815.50
Support 3 1534.07 2185.83 13795 810.25
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 801.40 1.4519 96.50 114 13/32
Resistance 2 798.20 1.4484 95.10 114  4/32
Resistance 1 795.40 1.4459 94.32 113 28/32
Pivot 792.20 1.4424 92.92 113 19/32
Support 1 789.40 1.4399 92.14 113 11/32
Support 2 786.20 1.4364 90.74 113  2/32
Support 3 783.40 1.4339 89.96 112 26/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, October 30, 2007


Economic
10:00am Oct Consumer Confidence (last 99.8)
Events
12:10am Treasury Sec Paulson discusses India's Economy in New Delhi, TDWI World Conference, ICSC/UBSW Chain Store Sales (7:45, last 2.2%). Redbook Retail Sales (8:55, last 2.1%). ABC Consumer Confidence (last -17 ). Trades Trades Ex-dividend: EK $0.25
Earnings
Before the Open: ASX, AIRV, AHG, ADP, BF, BEAV, BEC, BMS, BJS, CL, CMC, CHR, CPO, RRD, DIIB, E, IT , GLT, GPI, HSII, HEP, LUX, MF, NURO, NHY, ODP, ONNN, PEI, PMI, Q, RBA, KPN, SAFC, SINT, SAH, TEN, TRW, USB, UA, UPM, VSH, WLM, WHQ, During the Market Hours: AAI, AL, AMED, AXL, ACAS, ASI, ABG, AVP, BTRX, CPF, ENR, ENZN, EVBN, FE, FSRV, RAIL, IMO, IVC, JAH, TLF, LIZ, LNET, MHO, MAS, MUSA, MPWR, NEWP, OSUR, PTIX, PER, PG, RDYN, SANM, SQNM, SFLY, SQM, SNCI, STAA, SLF, TDC, TZIX, TUES, X, WEC, After the Close: ACC, AHS, ANSR, ATML, BBOX, BRE, CACS, CHE, CMG, CYH, DWA, EAC, EQIX, EQY, EQR, FFG, FEIC, FPO, FBC, FPIC, GPRO, GERN, GIGA, GXP, HS, HIW, INFN, IVGN, KANA, KTCC, KFRC, BOOT, LFG, XPRT, LNC, MCK, MCBI, MOSY, NC, NLC, NANO, NCIT, NAL, NEU, NMSS, OLN, PACR, PPO, RNR, SVNT, SIRF, SPSS, SUMT, SPRT, SKT, TESS, TTPY, USTR, CHIP, WWIN, WBSN, WCST, WLL
 
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.
 

posted by Cannon Trading at 1:17 PM 0 comments

Friday, October 26, 2007

Futures Trading levels and Economic reports for Oct 29

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1563.47 2255.67 13992 844.25
Resistance 2 1552.83 2237.83 13919 834.75
Resistance 1 1547.27 2223.67 13880 830.00
Pivot 1536.63 2205.83 13807 820.50
Support 1 1531.07 2191.67 13768 815.75
Support 2 1520.43 2173.83 13695 806.25
Support 3 1514.87 2159.67 13656 801.50
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 799.33 1.4505 94.62 114 16/32
Resistance 2 793.57 1.4455 93.42 114  6/32
Resistance 1 790.53 1.4428 92.60 113 27/32
Pivot 784.77 1.4378 91.40 113 17/32
Support 1 781.73 1.4351 90.58 113  6/32
Support 2 775.97 1.4301 89.38 112 28/32
Support 3 772.93 1.4274 88.56 112 17/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, October 29, 2007


Economic
3:00pm Treasury Financing Estimates
Events
MAR Hedge/Institutional Investor Global Hedge Fund Investing Summit, Cambridge Energy Research Associates Global Power Summit, Trades Ex-split: CSNT 2-1 Trades Ex-dividend: CTX $0.04, COP $0.410, TXN $0.10
Earnings
Before the Open: BWP, CHG, CTCM, ENTG, GW, HMY, HTLF, HUM, K, LPX, NTE, NNDS, ONB, SPG, STO, VNUS During Market Hours: ACTU, ACV, ASMI, CNA, CRDB, DPII, ECTX, EPE, EXAC, FSNM, FDG, FBTX, GEHL, CG, MSPD, PCOP, PBI, PBCP, RDCM, RSH, SIRI, STRS, TWI, ZOOM After the Close: AKR, AATI, AFC, AMMD, ATHR, BHL, CP, DEL, EEQ, EOG, FTI, FELE, HGR, HCP, HTCO, IBCP, KYO, MC, MIG, NAVG, PAB, POL, PPS, PWAV, PFG, RCII, SCUR, SNWL, SPN, UHS, VRTX
 
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.
 

posted by Cannon Trading at 1:05 PM 0 comments

Thursday, October 25, 2007

Futures Trading levels and Economic reports for Oct. 26th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Second day in a row that wide intraday ranges combined with higher volatility end up around the un-changed levels.
 
Perhaps the Univ. of Michigan report tomorrow will help the market decide on a direction.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1556.50 2267.83 14005 840.10
Resistance 2 1543.00 2239.17 13890 830.30
Resistance 1 1532.50 2216.33 13815 821.90
Pivot 1519.00 2187.67 13700 812.10
Support 1 1508.50 2164.83 13625 803.70
Support 2 1495.00 2136.17 13510 793.90
Support 3 1484.50 2113.33 13435 785.50
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 777.17 1.4469 94.39 114 13/32
Resistance 2 775.33 1.4412 92.45 114  6/32
Resistance 1 773.17 1.4372 91.41 114     
Pivot 771.33 1.4315 89.47 113 25/32
Support 1 769.17 1.4275 88.43 113 19/32
Support 2 767.33 1.4218 86.49 113 12/32
Support 3 765.17 1.4178 85.45 113  6/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, October 26, 2007


Economic
10:00am University of Michigan Consumer Confidence (last 82.0)
Events
Trades Ex-dividend: APOG $0.74, CRS $0.30, IHP $0.25, RX $0.03, MSB $0.48, PCBS $0.115
Earnings
Before the Open: CAS, ALEX, ALE, ABFS, BHI, BC, CCUR, CVG, CFC, CVH, EXC, FO, HMA, IDXX, IR, ITT, KIM, LZ, LABL, SAIA, TDW, THI, VVI, WMI After the Close: MTH
 
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.
 

posted by Cannon Trading at 1:23 PM 0 comments

Wednesday, October 24, 2007

Futures Trading levels and Economic reports for Oct. 25th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
I mentioned yesterday that I thought todays housing data will inject more volatility into the market...if I could only predict when and in which direction (-:
 
Market conditions are what I classify as FAST or EXTREME, i.e. large movements that happen within seconds at times. Be very careful in how you trade and when the market moves that fast, "mental stops" don't work....you need to place hard stops in the system.
 
Good trading.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1560.53 2276.83 14008 821.67
Resistance 2 1542.27 2242.67 13867 819.83
Resistance 1 1532.23 2222.33 13788 816.67
Pivot 1513.97 2188.17 13647 814.83
Support 1 1503.93 2167.83 13568 811.67
Support 2 1485.67 2133.67 13427 809.83
Support 3 1475.63 2113.33 13348 806.67
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 776.73 1.4383 91.84 115  2/32
Resistance 2 771.87 1.4332 89.82 114 19/32
Resistance 1 768.73 1.4302 88.73 114  9/32
Pivot 763.87 1.4251 86.71 113 26/32
Support 1 760.73 1.4221 85.62 113 16/32
Support 2 755.87 1.4170 83.60 113  1/32
Support 3 752.73 1.4140 82.51 112 23/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, October 25, 2007


Economic
8:30am Initial Jobless Claims (last 337K, Continuing Claims last 2.53M), Sep Durable Goods orders (last –4.9%, ex transportation last –1.8%)
10:00am Sep New Home Sales (last 795K, –8.3% m/m), Sep Help Wanted Index (last 23)
10:30am Natural Gas Inventories
1:00pm Treasury's 5-year note auction
Events
9:00am US Fed's Consumer Advisory Council to discuss Mortgage Rules, China GDP release, Canaccord Adams Global Energy Conference, Trades Ex-dividend: UNM $0.075, GS $0.35, PLL $0.12
Earnings
Before the Open: ACPW, EYE, AET, AMG, ATG, ALK, ACV, ALXN, AMED, AFR, APA, ARQL, AGIX, ALV, AVT, AVX, BLL, BLDP, BDC, BLC, BHE, BDK, BKHM, BWA, BOW, BMY, BW, BG,CBH, CCMP, CRR, CBZ, CCBL, CDI, CELG, CEN, CXG, CMCSA, CNMD, CNX, COT, CVTI, CMI, DLX, DO, DRAD, DTG, DDE, DVD, DOW, DEP, ELNK, ECIL, ELN, EMC, EME, ECA, ESV, EPD, EQT, EL, SSP, FSS, FLIR, BEN, GMT, GGL, GR, GT, GHL, HBI, HC, HET, HHS, HCR, HTV, HMC, HUB.B, HUN, ICTG, IKN, IMN, IMCL, IPCC, IDC, ICE, ISE, ESI, JNS, KSU, KEYS, FSTR, LLL, LH, LAB, LMS, LTM, LIFC, LECO, LIZ, LKQX, ERIC, LYTS, LYO, MGLN, MATR, MBI, MWV, MEDE, MSTR, MEH, MKSI, MOT, MPS, NWL, NFX, NIHD, CHUX, OMX, ODFL, ORI, OFIX, OVRL, PTIE, PMTI, PTI, PCCC, PENN, PCZ, PNW, PLUG, POT, PCH, PDS, PLD, QLTI, RHD, RSH, RJF, RTN, RGC, RTIX, RESP, ROK, SFUN, SEIC, SIFY, SLGN, SPIL, SO, SPAR, HOT, SU, SY, SNV, SYNT, SYPR, TSM, TDY, TRA, MDCO, TMO, TSCM, TOC, TBL, TKR, TRV, UMC, LCC,UST, VDSI, VIGN, WMAR, WHQ, WEC, WPL, WWY, XEL, XMSR During Trading Hours: PPP, TOMO After the Close: AEA, AYE, AIMC, ACAP, AMGN, ANEN, AMCC, APLX, ARBA, ARTC, ASIA, AVID, BIDU, BEZ, BJRI, EPAY, BFAM, BPL, BLDR, BLG, COG, CALD, CSH, POS, CLS, CX, CENX, CF, CTHR, CLF, CNET, COHU, COLM, CVGI, CTV, DVW, CCI, CW, CYTC, DECK, DV, DRIV, DBTK, DDR, BOOM, EMN, ELX, ESLR, FALC, FII, FCTR, FMD, FDRY, FRNT, GNW, HAR, HIG, HITT, IKAN, IM, ISSU, IBKR, ITMN, XXIA, KLAC, KOSN, LDSH, LFL, LSCC, LPNT, LAD, LAVA, MEE, MFE, WFR, MMSI, MCRL, MCRS, MSFT, MTX, MOBE, MRT, NAI, NTGR, NTCT, NEXT, EGOV, NVTL, ORCC, OPWV, OPLK, OSIP, PSEM, PKI, PXLW, PYX, POWI, PWER, PSYS, RACK, RADS, RADN, RARE, ROP, RRR, SCSC, CKH, SIGI, SWIR, SKX, SNCI, STMP, SPF, STNR, SRCL, CYNA, SNCR, TNL, TTEC, TRID, TMWD, ULTI, UNTD, VSEA, EICU, VPRT, VVUS, WEN, GB, YRCW, 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.
 

posted by Cannon Trading at 1:09 PM 0 comments

Tuesday, October 23, 2007

Futures Trading levels and Economic reports for Oct. 24th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
More housing data tomorrow may spice up volatility again.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1541.90 2263.33 13908 823.17
Resistance 2 1534.70 2242.17 13819 822.33
Resistance 1 1524.90 2227.33 13763 820.67
Pivot 1517.70 2206.17 13674 819.83
Support 1 1507.90 2191.33 13618 818.17
Support 2 1500.70 2170.17 13529 817.33
Support 3 1490.90 2155.33 13473 815.67
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 772.57 1.4429 88.36 113 20/32
Resistance 2 769.03 1.4362 87.57 113 15/32
Resistance 1 766.07 1.4319 86.39 113 10/32
Pivot 762.53 1.4252 85.60 113  5/32
Support 1 759.57 1.4209 84.42 113     
Support 2 756.03 1.4142 83.63 112 27/32
Support 3 753.07 1.4099 82.45 112 22/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, October 24, 2007


Economic
10:00am Sep Existing home sales (last 5.5M , -4.3% m/m)
10:30am Crude Oil/Gasoline/Distillate Inventories
1:00pm Treasury's 2-year note auction
Events
4:15pm US Fed's Mishkin speaks on Financial Instability in NY, S&P 500 Addition End of Trade: NYX, Google Analyst Day, AACR-NCI-EORTC International conference, MBA Mortgage Applications (7:00, last 2.4%). Trades Ex-dividend: CL $0.36, OZRK, $0.12, PETM $0.03, PNR $0.15
Earnings
Before the Open: APD, ATI, ABK, AEP, ABI, ACAT, ASPM, ATMI, AN, BA, BOBJ, CACH, CSL, CRA, CPS, CTEC, CBR, CME, CCE, COP, GLW, CFR, DAI, DOV, ETH, FCX, GD, GENZ, HSC, KEM, KMT, KFT, LM, LII, MPX, MDP, MER, MLAN, MCO, MSM, NDAQ, NCC, NOV, NSC, NOC, NCX, OXY, PAS, PFCB, PRAI, PX, DGX, RAI, RES, R, SEE, SLAB, SNA, SWK, TASR, TIN, TRB, UNF, WAB, WLP During Trading Hours: BUD, EGN After the Close: RNT, ABAX, ACXM, AEIS, ADVS, AFFX, AEM, ARG, AKAM, ACL, ALGN, ACLI, ACF, AGP, ARRS, BBSI, BXP, CDNS, CLDN, CRUS, CPWR, CLB, EXBD, CSGP, CVD, CVA, EGP, ESIO, ESRX, EXTR, FFIV, FNF, FIS, FADV, FR, FISV, FORM, GDI, GGG, GRP, GSIC, HPC, IBKC, IGTE, INSU, IDTI, ICO, IRBT, KEX, LOOP, LSI, LMNX, MTSN, MDC, MRCY, MEOH, MCRI, MNST, MRH, MUR, NETL, NUVA, OI, PRXL, PCTI, PNSN, PSSI, PHM, QTM, STR, QDEL, RCRC, RNOW, RYL, SCSS, SMDI, SSCC, SFG, STAR, STTS, SYMC, SMMX, TEX, TLGD, TSCO, TQNT, TGI, TYL, VAR, WOOF, WSTL, WSH, ZL, ZMH
 
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.
 

posted by Cannon Trading at 1:22 PM 0 comments

Monday, October 22, 2007

Futures Trading levels and Economic reports for Oct. 23rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Market some what stablized today after the strong sell off Friday. Might be too soon to call this a short term bottom since the end result was a minor up day. What we do know is that volatility is back and that sometimes your trading day can depend more on the trades you DON'T take, rather than the ones you do.....i.e be selective.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1541.70 2233.67 13865 849.20
Resistance 2 1528.60 2205.33 13750 832.60
Resistance 1 1520.90 2188.67 13680 823.80
Pivot 1507.80 2160.33 13565 807.20
Support 1 1500.10 2143.67 13495 798.40
Support 2 1487.00 2115.33 13380 781.80
Support 3 1479.30 2098.67 13310 773.00
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 772.83 1.4543 89.24 114  9/32
Resistance 2 766.67 1.4453 88.12 113 30/32
Resistance 1 763.33 1.4319 86.97 113 21/32
Pivot 757.17 1.4229 85.85 113 10/32
Support 1 753.83 1.4095 84.70 113  1/32
Support 2 747.67 1.4005 83.58 112 22/32
Support 3 744.33 1.3871 82.43 112 13/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, October 23, 2007


Economic
10:00am Oct Richmond Fed Manufacturing Index (last 14)
1:00pm Treasury's 5-year TIPS auction
Events
EuroFinance Treasury, Risk and Cash Management in South Africa Conference, ICSC/UBSW Chain Store Sales (7:45, last 2.5%). Redbook Retail Sales (8:55, last 2.6%). ABC Consumer Confidence (last -13). Trades Ex-dividend: AMN $0.25, FOR $0.04
Earnings
Before the Open: FLWS, AKS, ALDN, AXE, AIT, ARW, ARTG, T, AVY, BKUNA, BIIB, EAT, BNI, CE, CNC, CNH, COH, CMCO, CBE, DD, ELON, FMER, ICLR, IHP, IIVI, JBLU, JCI, JRN, KELYA, KRC, KCI, LVLT, LXK, LMT, MDU, MICC, MNRO, NYT, OMC, OXPS, PCAR, PNR, PTEC, PCP, PRSP, RDWR, RYN, ROH, SAY, POOL, SHW, SII, STFC, TROW, AMTD, TLAB, TNC, TRAD, UAUA, UIS, USAP, UPS, USG, VTNC, WDR, WAT, WU, WHR, WTNY, WRLD, XTO During Trading Hours: TZOO After the Close: ACE, AFL, AMZN, AMSG, ANAD, AJG, AV, BRCM, BTUI, CHRW, BCR, CLMS, CLZR, CRI, CSCD, CEC, CTX, CAKE, CB, CNW, CSGS, CTS, CYMI, DDUP, DFG, EFII, WIRE, ENTU, EPIC, EPIQ, EEFT, FLEX, GSIG, HLIT, HOKU, ILMN, INFN, JNPR, LDIS, MANH, MCHP, NBR, NARA, NVLS, NTRI, ORLY, PNRA, PFWD, PLT, PTP, PPDI, QLGC, RJET, RFMD, RVBD, SEAB, STM, SUPX, SWN, TRMB, TRMK, TUP, VOCS, XL
 
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.
 

posted by Cannon Trading at 1:18 PM 0 comments

Friday, October 19, 2007

Futures Trading levels and Economic reports for Oct 22nd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
I guess some anniversaries are important!
 
Market sold off 41 points on the SP 500 and 367 on the cash down on the 20th anniversary of the Oct 1987 crash. The main difference between now and then is that todays sell off when transalted into percentage is much, much smaller.....(less than 3% )
 
It will be a jittery market Monday and risk/money management is probably the biggest factor when volatility increases like that.
 
Good trading!
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1564.57 2246.83 14157 846.05
Resistance 2 1552.53 2225.92 14033 836.40
Resistance 1 1529.17 2187.83 13797 817.30
Pivot 1517.13 2166.92 13673 807.65
Support 1 1493.77 2128.83 13437 788.55
Support 2 1481.73 2107.92 13313 778.90
Support 3 1458.37 2069.83 13077 759.80
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 785.77 1.4427 91.88 114 23/32
Resistance 2 780.13 1.4383 90.97 114  2/32
Resistance 1 774.27 1.4346 89.67 113 20/32
Pivot 768.63 1.4302 88.76 112 31/32
Support 1 762.77 1.4265 87.46 112 17/32
Support 2 757.13 1.4221 86.55 111 28/32
Support 3 751.27 1.4184 85.25 111 14/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, October 22, 2007


Economic
11:00am Treasury's 2 and 5 –year note announcements (unchanged at $18B and $13B respectively)
Events
8:15am US Fed's Kroszner speaks on Financial Markets in Washington, 7:00pm US Fed's Evans speaks on Economic outlook, 8:45pm ECB's Trichet speaks in NY, AFP Annual Conference, Trades Ex-split: DKS 2:1 Trades Ex-dividend: BK $0.24, SEH $0.135, BIF $0.115, FLI $0.121
Earnings
Before the Open: ASTE, AUO, BOH, CRNT, CHKP, ECL, GNTX, HAL, HAS, JAKK, KMB, MRK, PETS, PVTB, RGS, RCL, SGP, VECO, WFT, ZBRA After the Close: ALB, AXP, AMIS, APOL, AAPL, BRO, BKI, CR, DSCM, DST, EXP, EW, EFX, RE, FWRD, HXL, HUBG, JDAS, LNCR, NFLX, OMI, PTX, PRE, PCL, PLXT, RGA, SLG, TCO, TXN, TNB, TSS, UCTT, VLTR, BER, WCN, ZRAN
 
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.
 

posted by Cannon Trading at 1:30 PM 0 comments

Thursday, October 18, 2007

Futures Trading levels and Economic reports for Oct. 19th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
The only worthy comment I have for tomorrow is that it will be the 20th anniversary for black October of 1987...
 
Have a good trading day!
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1563.10 2248.67 14071 841.00
Resistance 2 1557.20 2229.33 14021 836.00
Resistance 1 1552.10 2216.67 13980 832.00
Pivot 1546.20 2197.33 13930 827.00
Support 1 1541.10 2184.67 13889 823.00
Support 2 1535.20 2165.33 13839 818.00
Support 3 1530.10 2152.67 13798 814.00
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 775.70 1.4462 93.16 112 20/32
Resistance 2 773.50 1.4394 91.47 112 14/32
Resistance 1 771.10 1.4349 90.51 112  9/32
Pivot 768.90 1.4281 88.82 112  3/32
Support 1 766.50 1.4236 87.86 111 30/32
Support 2 764.30 1.4168 86.17 111 24/32
Support 3 761.90 1.4123 85.21 111 19/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, October 19, 2007


Economic
None Seen
Events
G7 Meeting October 19, 20 in Washington DC, FDA IT Strategic Planning Meeting (apply to support process of review for human drug applications), Credit Suisse Group Institutional Investors Conference, Renaissance Capital New York Investor Conference, Trades Ex-dividend: PCBC $0.22, LTC $0.125
Earnings
Before the Open: MMM, ACI, BSX, CAT, C, FITB, HOG, HON, KNSY, OSTK, SLB, SON, WB, WL, XRX 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.
 

posted by Cannon Trading at 1:20 PM 0 comments

Cannon Futures Trading on Technorati

posted by Cannon Trading at 11:56 AM 0 comments

Wednesday, October 17, 2007

Futures Trading levels and Economic reports for Oct. 18th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Volatile and interesting session today. We started with a gap open around 1560 basis the sp500 that failed hard to make new recent lows around the 1534 only to bounce and finish the session not far from yesterdays close, in positive territory......
 
Tomorrow may be another volatile session as the market will absorb another slew of economic reports.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1589.03 2251.33 14334 856.67
Resistance 2 1574.77 2225.67 14206 846.83
Resistance 1 1563.23 2211.33 14085 838.67
Pivot 1548.97 2185.67 13957 828.83
Support 1 1537.43 2171.33 13836 820.67
Support 2 1523.17 2145.67 13708 810.83
Support 3 1511.63 2131.33 13587 802.67
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 775.53 1.4323 90.43 113 17/32
Resistance 2 772.37 1.4286 89.65 112 21/32
Resistance 1 767.33 1.4248 88.46 112  6/32
Pivot 764.17 1.4211 87.68 111 10/32
Support 1 759.13 1.4173 86.49 110 27/32
Support 2 755.97 1.4136 85.71 109 31/32
Support 3 750.93 1.4098 84.52 109 16/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, October 18, 2007


Economic
8:30am Initial Jobless Claims (last 308K), Continuing Claims (last 2.52M)
10:00am Sep Leading indicators (last –0.6)
11:00am 5 year Tips Announcement
10:30am Natural Gas Inventories
12:00pm Oct Philadelphia Fed (last 10.9)
Events
10:30am Fed's Pianalto speaks at Columbus, Ohio conference, 12:00pm Fed's Plosser speaks at St. Louis Fed Economic Conference, 5:00pm ECB's Trichet speaking in Washington, FDA nonprescription drugs and Pediatric advisory committee (OTC cough and cold), SAP Real Estate Management Conference, Mechatronics Technology Japan 2007, Trades Ex-dividend: APA $0.15, CVS $0.06, ZZ $0.075
Earnings
Before the Open: SHLM, ACO, AMFI, ASD, AME, ARB, AVCI, AVCT, BAC, BK, BAX, BBT, BGG, BBW, CDWC, CHZ, CBH, CAL, CORS, CY, DHR, DJ, LLY, ENDP, FCS, FCSX, FHN, GPC, GAP, HSY, HNI, HBAN, IEX, IUSA, IIIN, IONA, JAKK, JRC, NITE, KVHI, LSTR, MCD, MHP, MMR, MEG, MOT, MSM, NOK, NVS, NUE, NVR, PH, PFE, PNC, PPG, RS, SAP, SEIC, SIFY, LUV, STJ, SPWR, STI, TXT, TRAD, UTEK, UNP, UNH, USAK, WSO, WCC, WYE, During Trading Hours: HTLD After the Close: ACMR, AMD, AMLN, APOL, AZPN, BCR, CAMD, COF, CERN, CTHR, CHRT, CPSS, CREE, CYBS, CYT, EXAR, FNB, FCF, GILD, GOOG, IBM, ICUI, INFA, ISRG, KMP, KNX, LDSH, MHK, MOLX, NYB, OO, OMCL, PKTR, PLL, PMCS, PGI, RIMG, RHI, RUSHA, SNDK, SSW, SYNA, TPX, UB, VFC, VASC, CMSI, WEN, WSTL, WIT, XLNX, ZHNE, ZION
 
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.
 

posted by Cannon Trading at 1:07 PM 0 comments

Morning Call: S&Ps boosted by strong earnings from Intel and Yahoo; MBA purchase apps rise +2.1% in some positive housing market news; Overseas stocks are mixed this morning.

Barchart.com U.S. Morning Call for Wednesday, October 17, 2007

U.S. Preview

  • Overseas stocks are mixed this morning. The European DJ Stoxx 50 is down -0.14% this morning. Asian stocks closed mixed today. The Nikkei index closed -1.07%, China closed -0.90%, and South Korea closed -1.16%. However, The Hang Seng closed +1.19% and Singapore closed +0.76%.

  • Mortgage apps – This morning's MBA purchase mortgage sub-index rose +2.1%, and matched last week's increase of +2.1%. The back-to-back increases were mildly positive signs for the US housing market that home buying may be picking up, although the purchase mortgage data is likely overstating the number of mortgages that are actually closing due to tighter lending restriction and application submissions to multiple banks. Meanwhile, the refi sub-index fell by -1.1%. The overall MBA index rose slightly by +0.7%.

  • CPI – Today's Sep CPI report is expected to show an increase of +0.2% m/m both overall and core. In August, the overall CPI was down -0.1% and the core CPI was up +0.2%. On a year-on-year basis, the Sep CPI is expected to rise to +2.8% from +2.0% in Aug due to higher crude oil prices. However, the core CPI is expected to remain unchanged from August at +2.1%. The August level of +2.1% was a 2-year low and is well below the peak of +2.9% seen in September 2006. However, the +2.1% level is still slightly above the generally accepted +2.0% ceiling for inflation, meaning the Fed will remain on guard about the inflation outlook.

  • Housing starts – Today's Sep housing starts report is expected to show a –3.8% decline to 1.280 mln, adding to the –2.6% decline seen in August to 1.331 mln. The August level was a 17-year low and a further decline today would represent a new 17-year low. The housing starts series has now fallen by a total of 42% from the record high of 2.292 mln units posted in January 2006. Housing starts are likely to continue to fall due to the high levels of unsold home inventories held by US homebuilders and because of the recent mortgage crisis which has reduced the number of people that can qualify to buy a new home. Fed Chairman Bernanke and Treasury Secretary Paulson is the last two days have both warned that the US housing sector is likely to continue to be a drag on the US economy. Citigroup earlier this week warned about an increase in mortgage defaults in Q4.

Overnight U.S. Stock News
  • Dec S&Ps this morning are trading +5.60 on the stronger than expected earnings reports late yesterday from Intel and Yahoo. The US stock market yesterday continued lower and added to Monday's losses (Dow -0.51%, S&P 500 -0.66%, Nasdaq Composite -0.58%). The stock market yesterday moved lower on continued worries about the housing sector after warnings by both Fed Chairman Bernanke and Treasury Secretary Paulson that the housing problems are not over. In addition, Wells Fargo and KeyCorp reported weaker than expected earnings.

  • Intel (INTC) is up 5% in European trading this morning after the company late yesterday reported strong Q3 earnings and issued Q4 revenue guidance of $10.5-11.1 billion, which was above the analyst consensus of $10.4 billion. Goldman Sachs responded by raising its price target on Intel by 7.1% to $30 and Citigroup raised its price target by 6.5% to $33.

  • Altria this morning reported Q3 EPS ex-items of $1.21, which was higher than the analyst consensus of $1.14.

  • Yahoo (YHOO) is up 8% in European trading this morning after the company late yesterday reported earnings of 11 cents per share, which was above the analyst consensus of 8 cents.

  • Coca-Cola is up +0.5% and Ebay is up 3% in European trading this morning ahead of their respective earnings reports today.

  • Bristol-Myers Squibb (BMY) rallied 2% in after-hours trading yesterday after news that the company received FDA approval for a breast cancer treatment drug.

  • CSX (CSX) rallied 2.3% in after-hours trading yesterday after the company reported Q3 earnings of 91 cents, which was well above the analyst consensus of 62 cents.

Today's U.S. Market Focus
  • Dec 10-year T-notes are trading +3 ticks on anticipation of a weak housing starts report this morning and continued strength from this week's increased worries about the US housing sector. Dec T-note prices yesterday closed +5.5 ticks on renewed risk concerns with (1) the weak US stock market, (2) yesterday's weaker than expected bank earnings reports, and (3) warnings that the mortgage and banking system crisis is not over from Fed Chairman Bernanke.

  • The dollar/yen is slightly lower this morning by -0.12 yen while the euro/dollar is little changed. The dollar index yesterday closed mildly higher on a little short-covering. The dollar/yen yesterday slid for the second day and posted a new 2-week low as the yen saw strength on the exit of yen carry trades.

  • Nov crude oil this morning is trading -20 cents and Nov gasoline is trading -0.31 cents on a little long liquidation pressure. Nov crude oil prices yesterday extended the sharp 1-week rally and posted another new record high of $88.20, finally closing +$1.48 at $87.61. Nov gasoline yesterday closed +1.62 cents at a new 3-month high of 217.37. The market remains nervous about a possible Turkish invasion of northern Iraq to root out Kurdish separatists. The market consensus for today's weekly DOE report is for a 1.5 mln bbl rise in crude oil, inventories, a +500,000 bbl rise in gasoline inventories, a -800,000 bbl decline in distillate inventories, and a -0.3 point decline in the refinery operating rate to 87.5%.

Today's U.S. Earnings Reports

Earnings reports (confirmed releases for companies with market caps above $2.5 bln listed by mkt cap): MO-Altria Group (BEST earnings consensus $1.14 per share), JPM-JPMorgan Chase (.90), KO-Coca-Cola (.68), ABT-Abbott Labs (.66), UTX-United Technology Corp (1.16), EBAY-Ebay (.33), ALL-Allstate (1.69), ITW-Illinois Tool (.88), SYK-Stryker Corp (.55), Washington Mutual (.23), BLK-Blackrock (1.90), NTRS-Northern Trust (.87), NE-Noble Corp (1.18), BOT-CBOT Holdings (1.18), KMP-Kinder Morgan (.43), MI-Marshall & Ilsley (.83), GCI-Gannett (1.00), ETE-Energy Transfer (.23), SOV-Sovereign Bancorp (.20), CMA-Comerica (1.22), CTXS-Citrix Systems (.38), CIT-CIT Group (1.24), APH-Amphenol Corp (.46), AMLN-Amylin Pharm (-.39), ADS-Alliance Data (.94), AMR-AMR Corp (.76), TMK-Torchmark (1.37), RX-IMS Health (.40), MAN-Manpower (1.38), ETFC-ETrade Financial (.11), PBCT-People's United (.20)

Global Financial Calendar
Wednesday 10/17/2007
United States
0700 ET Weekly MBA mortgage applications, previous +2.4% with purchase sub-index +2.1% and refi sub-index +2.7%.
0830 ET Sep CPI expected +0.2% m/m and +2.8% y/y, Aug –0.1% m/m and +2.0% y/y. Sep CPI ex food and energy expected +0.2% m/m and +2.1% y/y, Aug +0.2% m/m and +2.1% y/y.
0830 ET Sep housing starts expected –3.8% to 1.280 mln, Aug –2.6% to 1.331 mln. Sep building permits expected –2.8% to 1.285 mln, Aug –4.8% to 1.322 mln.
1400 ET Fed's Beige Book.
1430 ET Treasury Undersecretary for international affairs, David McCormick, holds a press briefing to discuss the agenda for the Oct 19 G-7 meeting.
2045 ET Fed Reserve Bank of Kansas City President Thomas Hoenig speaks about the economy and monetary policy in Tulsa, Oklahoma.
n/a Treasury announces amount of 5-yr TIPS to be auctioned (previous $8 bln).
Japan
0100 ET Final Aug Japan leading economic index expected +27.3%, previous +30.0%. Final Aug coincident index expected +85.0%, previous +83.3%.
0200 ET Final Sep Japan machine tool orders, previous +15.9% y/y.
United Kingdom
0430 ET Minutes of previous Bank of England monetary policy meeting.
0430 ET Sep UK jobless claims change expected –4,000, Aug –4,200. Sep claimant count rate expected unch at 2.6%.
0430 ET Aug UK avg earnings including bonus 3-mo/yr over yr expected +3.6%, July +3.5%. Aug avg earnings ex bonus 3-mo/yr over yr expected +3.6%, July +3.5%. Aug ILO unemployment rate 3-months expected unch at 5.4%. Aug manufacturing unit wage cost 3-mo/yr over yr, July +0.8%.
Canada
0830 ET Aug Canadian wholesale sales expected +0.1% m/m, July +2.0% m/m.

Morning Quote Board
Morning Quotes (ET) Last Chg %chg Updated
US Stock Futures
S&P (Globex) (Z7) 1553.20 5.60 0.36% 06:36:18
DJIA (CBOT) (Z7) 14011 39 0.28% 06:34:48
European Stocks
Europe DJ Stoxx 50 3858.22 -5.43 -0.14% 06:31:45
London UK FTSE Index 6625.70 11.40 0.17% 06:31:46
German Dax Index 7953.13 -9.51 -0.12% 06:31:47
French CAC 40 Index 5786.60 12.24 0.21% 06:46:30
Asian Stocks
Japan Nikkei Index 16955 -183 -1.07% 03:00:21
Hong Kong Hang Seng 29299 344 1.19% 04:01:30
China CSI 300 Index 5824 -53 -0.90% 03:01:19
Australian S&P 200 6680.1 -11.9 -0.18% 02:47:05
Singapore Str. Times 3839.73 29.01 0.76% 05:05:28
South Korea KOSPI 200 250.48 -2.95 -1.16% 02:01:30
US Interest Rates
10yr T-notes (CBT)(Z7) 108.285 0.030 0.09% 06:36:44
Cash 10yr T-note Price 100.285 0.030 0.09% 06:44:01
Cash 10yr T-note Yield 4.635 -0.012 -0.26% 06:43
5yr T-note (CBT)(Z7) 106.215 0.025 0.07% 06:36:34
Cash 5yr T-note Price 99.220 0.025 0.08% 06:46:01
Cash 5yr T-note Yield 4.320 -0.018 -0.41% 06:45
30-yr T-bond (CBT)(Z7) 110.20 0.07 0.20% 06:36:36
Cash 30yr T-bond Price 101.190 0.030 0.09% 06:45:31
Cash 30yr T-bond Yield 4.897 -0.006 -0.12% 06:45
Eurodollars (CME)(Z7) 95.060 -0.015 -0.02% 06:31:19
Eurodollars (CME)(H8) 95.325 0.010 0.01% 06:19:43
Asian & European Rates
10-yr JGBs (TSE) (Z7) 135.36 0.63 0.47% 02:00:00
EuroyenTibor(SGX)(Z7) 99.130 0.010 0.01% 05:09:26
Bunds (Eurex) (Z7) 111.82 0.12 0.11% 06:31:37
Euribor (Eurex) (Z7) 95.505 -0.03 -0.03% 05:34:41
UK Gilts (Liffe) (Z7) 106.35 0.09 0.08% 06:31:40
Short Stlg (Liffe) (Z7) 93.87 0.02 0.02% 06:29:18
Forex
US Dollar/Japanese Yen 116.81 -0.12 -0.10% 06:46:47
EuroFX / US Dollar 1.4172 -0.0001 -0.01% 06:46:46
SwissFranc/US Dollar 1.1826 0.0000 0.00% 06:46:42
British Pound (per USD) 2.0335 0.0007 0.07% 06:46:31
Canadian Dlr (perUSD) 0.9798 0.0007 0.07% 06:46:42
Yen (Globex) (Z7) 0.862 -0.0012 -0.12% 06:36:46
Euro FX (Globex) (Z7) 1.419 0.0007 0.05% 06:36:36
SwissFranc (Globex)(Z7) 0.8493 0 0.00% 06:36:46
British Pound(Glbx)(Z7) 2.0299 0.0019 0.09% 06:36:36
Canadian$ (Globex)(Z7) 1.0211 0 0.00% 06:35:42
Commodities
Gold (Comex) (Z7) 763.6 1.6 0.21% 06:16:42
Crude Oil (Nymex) (X7) 87.41 -0.20 -0.23% 06:16:48
Gasoline (Nymex) (X7) 217.06 -0.31 -0.14% 06:14:38
Heating Oil(Nymex)(X7) 232.68 -1.19 -0.51% 06:13:49
NaturalGas(Nymex)(X7) 7.356 -0.011 -0.15% 06:05:44
Sincerely,
Ilan Levy-Mayer, M.B.A
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.

posted by Cannon Trading at 6:31 AM 0 comments

Tuesday, October 16, 2007

Futures Trading levels and Economic reports for October 17th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
1539.50 is an important level to watch as this market corrects. If we can hold above it, we may see a resumption of the rally, if we break below there is more room for correction - offcourse this is just one man opinion and the market has a mind of its own....
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1565.40 2213.33 14137 835.67
Resistance 2 1560.70 2199.67 14088 834.58
Resistance 1 1554.60 2188.33 14032 832.67
Pivot 1549.90 2174.67 13983 831.58
Support 1 1543.80 2163.33 13927 829.67
Support 2 1539.10 2149.67 13878 828.58
Support 3 1533.00 2138.33 13822 826.67
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 776.17 1.4317 90.34 111  4/32
Resistance 2 771.93 1.4281 89.24 111     
Resistance 1 766.97 1.4234 88.33 110 22/32
Pivot 762.73 1.4198 87.23 110 18/32
Support 1 757.77 1.4151 86.32 110  8/32
Support 2 753.53 1.4115 85.22 110  4/32
Support 3 748.57 1.4068 84.31 109 26/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, October 17, 2007


Economic
8:30am Sep Consumer Price Index (last –0.1% m/m, 2.0% y/y), Sep CPI ex Food and Energy (last 0.2% m/m, 2.1% y/y), Sep CPI Index NSA (last 207.917), Sep Housing Starts (last 1.33M), Sep Building permits (last 1.32M)
10:30am Crude Oil/Gasoline/Distillate Inventories
2:00pm Fed Beige Book
Events
5:30pm Fed's Dudley Speaks on Central Banking at Philadelphia Fed, 8:45pm Fed's Hoenig speaks on Economy at Business Forum in Oklahoma, Euromoney Institutional Investor Regional Finance & Investment conference, MBA Mortgage Applications (7:00, last 2.4%). Trades Ex-split: CTSH 2-1 Trades Ex-dividend: HRL $0.15, LOW $0.08, MA $0.15, PSD $0.25, HIX $0.08
Earnings
Before the Open: ABT, MO, APH, ASML, BLK, CIT, KO, CMA, DSL, FCFS, GCI, ITW, JEF, JPM, LUFK, MAN, MI, MTG, NCI, NTRS, PJC, RLI, UTX During Trading Hours: AMR After the Close: ADS, ALL, ATR, ARNA, CTXS, CBST, DTLK, ETFC, EBAY, GKK, HWAY, ILMN, RX, ISIL, KNL, LRW, LEG, LOGI, MOGN, MGI, NE, NVEC, PKG, PLCM, SOV, SPTN, SYK, TER, UFPI, VLY, WM, WDFC
 
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.
 

posted by Cannon Trading at 1:23 PM 0 comments

Monday, October 15, 2007

Futures Trading levels and Economic reports for Oct. 16th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Quiet sell off today with a bounce towards the end of the session. More than a few important reports tomorrow should provide for an interesting session.
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1596.93 2245.50 14416 864.70
Resistance 2 1585.57 2225.00 14306 855.60
Resistance 1 1573.03 2203.00 14186 846.80
Pivot 1561.67 2182.50 14076 837.70
Support 1 1549.13 2160.50 13956 828.90
Support 2 1537.77 2140.00 13846 819.80
Support 3 1525.23 2118.00 13726 811.00
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 770.63 1.4344 90.00 111  1/32
Resistance 2 768.07 1.4303 88.15 110 25/32
Resistance 1 765.13 1.4262 87.21 110 19/32
Pivot 762.57 1.4221 85.36 110 11/32
Support 1 759.63 1.4180 84.42 110  5/32
Support 2 757.07 1.4139 82.57 109 29/32
Support 3 754.13 1.4098 81.63 109 23/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, October 16, 2007


Economic
9:00am Aug Net long-term TIC flows (last $19.2B), Aug Total Net TIC flows(last $103.8B)
9:15am Sep Industrial Production (last 0.2%), Sep Capacity Utilization (last 82.2%)
1:00pm Oct NAHB Housing Market Index (last 20)
2:00pm Fed Discount Rate Minutes
Events
FDA Cardiovascular and Renal Drugs Advisory Committee on phophate binders from dialysis population (Genzyme, Fresenius Medical Care to present), ICSC/UBSW Chain Store Sales (7:45, last 2.1%). Redbook Retail Sales (8:55, last 2.0%). ABC Consumer Confidence (last -13). Trades Ex-split: JBX 2-1 Trades Ex-dividend: DLM $0.04, FUL $0.065, WDFC $0.25
Earnings
Before the Open: AOS, DPZ, FRX, JNJ, KEY, MNI, PII, RF, STT, SVU, USB, WFC During Market Hours: DAL After the Close: AMB, CHB, CCK, CSX, ELS, EXFO, FSII, HBHC, INTC, LCBM, LLTC, PHHM, PNFP, RLRN, STX, SPSN, STLD, USNA, YHOO
 
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.
 

posted by Cannon Trading at 1:22 PM 0 comments

Blog Action Day: Green Earth Futures

In honor of Blog Action Day, we'd like to take a moment to highlight our new environmental initiative, Green Earth Futures.

Please take a moment to visit our Green Earth Futures page and learn about how we are preserving and replanting our forests.

posted by Cannon Trading at 1:05 PM 0 comments

Friday, October 12, 2007

Futures Trading levels and Economic reports for Oct. 15th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Hope everyone will/had a good weekend and have a successful upcoming trading week.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1587.27 2241.67 14302 849.67
Resistance 2 1580.63 2220.33 14238 847.33
Resistance 1 1577.07 2209.67 14201 845.17
Pivot 1570.43 2188.33 14137 842.83
Support 1 1566.87 2177.67 14100 840.67
Support 2 1560.23 2156.33 14036 838.33
Support 3 1556.67 2145.67 13999 836.17
         
Contract  December Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 763.83 1.4290 85.51 111 19/32
Resistance 2 760.67 1.4261 84.75 111  9/32
Resistance 1 757.23 1.4229 84.22 110 26/32
Pivot 754.07 1.4200 83.46 110 16/32
Support 1 750.63 1.4168 82.93 110  1/32
Support 2 747.47 1.4139 82.17 109 23/32
Support 3 744.03 1.4107 81.64 109  8/32
 
REPORTS (EST): Provided by