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Cannon Trading Futures Blog: Daily Support and Resistance Levels

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Friday, November 30, 2007

Futures Trading levels and Economic reports for Dec 3rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
looking ahead for the first week od December, two levels grab my attention:
1496.50 basis the Dec. SP 500 as a critical resistance and 1472 as a support to the current rally.
 
Have a great trading month in December!
 
LEVELS:
 
Contract (Dec 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1513.47 2177.00 13690 795.42
Resistance 2 1502.73 2152.50 13590 788.33
Resistance 1 1494.47 2124.00 13510 779.17
Pivot 1483.73 2099.50 13410 772.08
Support 1 1475.47 2071.00 13330 762.92
Support 2 1464.73 2046.50 13230 755.83
Support 3 1456.47 2018.00 13150 746.67
         
Contract  Dec Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 813.57 1.4898 62.45 118 28/32
Resistance 2 807.03 1.4844 61.25 118 11/32
Resistance 1 798.07 1.4741 60.60 117 24/32
Pivot 791.53 1.4687 60.00 117  7/32
Support 1 782.57 1.4584 59.20 116 20/32
Support 2 776.03 1.4530 58.60 116  3/32
Support 3 767.07 1.4427 57.90 115 16/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, December 03, 2007


Economic
10:00am Nov ISM Manufacturing (last 50.9), Nov ISM prices paid (last 63)
Events
8:00am Fed's Rosengren speaks on subprime mortgages and developments in Boston, 10:30am US Treasury's Paulson speaks at housing conference in Washington, 3:30pm Fed's Yellen speaks in Seattle on US outlook and monetary policy, Nov Total Vehicle Sales (last 16.1M, domestic 12.2M), Bank of America Securities Conference, Opal Financial Group CDO Summit, Trades Ex-dividend: SLB $0.175, LM $0.24, AVY $0.41, AEE $0.635
Earnings
After the Close: CPWM, ISLE, PVH, SHRP
 
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 #515
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 1:26 PM 0 comments

Thursday, November 29, 2007

Futures Trading levels and Economic reports for Nov. 30th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Relatively quiet day after the monster rally yesterday.....tomorrow is the last trading day of Novemeber and my guess is that we should see higher volatility than today.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1494.67 2146.67 13513 781.50
Resistance 2 1485.83 2130.33 13442 777.25
Resistance 1 1478.67 2117.67 13383 772.00
Pivot 1469.83 2101.33 13312 767.75
Support 1 1462.67 2088.67 13253 762.50
Support 2 1453.83 2072.33 13182 758.25
Support 3 1446.67 2059.67 13123 753.00
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 807.97 1.4944 98.75 119 20/32
Resistance 2 805.23 1.4898 96.96 118 31/32
Resistance 1 800.27 1.4821 94.01 118 12/32
Pivot 797.53 1.4775 92.22 117 23/32
Support 1 792.57 1.4698 89.27 117  4/32
Support 2 789.83 1.4652 87.48 116 15/32
Support 3 784.87 1.4575 84.53 115 28/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, November 30, 2007


Economic
8:30am Oct Personal Income (last 0.4%), Oct Personal Spending (last 0.3%), Oct PCE Deflator (y/y last 2.4%), Oct PCE Core (last m/m 0.2%, y/y 1.8%)
9:45am Nov Chicago Purchasing Manager Index (last 49.7)
10:00am Oct Construction Spending (last m/m 0.3%), Nov Milwaukee NAPM (last 63)
Events
10:00am Fed's Plosser makes opening remarks at Philadelpia conference, 12:30pm Fed's Poole Speaks on economy at Cato Institute in Washington, 1:15pm Fed's Kroszner speaks on Financial Markets in Philadelphia, Illinois Tool Investor Meeting Trades Ex-dividend: MT $0.276, AROW $0.24
Earnings
Before the Open: BIG, KIRK After the Close: VLCCF .
 
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 #515
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 1:02 PM 0 comments

Wednesday, November 28, 2007

Futures Trading levels and Economic reports for Nov. 29th

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

I mentioned yesterday after the close that the market action towards the end of yesterday's session was bullish. I wish I knew how bullish it was going to be as the market advanced powerfully today.

 

The next few sessions will tell us more. On a daily basis, this can still be classified as a strong short covering rally which was fueled by ideas that yesterday's session showed some characteristics of capitulation. The future will provide us with answers, in between as traders our job is to trade with a calculated risk / reward ratio and make sure that no one trading day will wipe your account.

 
LEVELS:
 
Contract (Dec 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1517.33 2161.00 13740 798.50
Resistance 2 1496.07 2134.00 13545 785.50
Resistance 1 1483.53 2115.00 13425 778.50
Pivot 1462.27 2088.00 13230 765.50
Support 1 1449.73 2069.00 13110 758.50
Support 2 1428.47 2042.00 12915 745.50
Support 3 1415.93 2023.00 12795 738.50
         
Contract  Dec Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 817.37 1.5047 62.45 118  3/32
Resistance 2 812.43 1.4958 61.25 117 27/32
Resistance 1 806.37 1.4898 60.60 117 12/32
Pivot 801.43 1.4809 60.00 117  4/32
Support 1 795.37 1.4749 59.20 116 21/32
Support 2 790.43 1.4660 58.60 116 13/32
Support 3 784.37 1.4600 57.90 115 30/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, November 29, 2007


Economic
8:30am Q3 GDP (last 3.9%), Q3 GDP Price Index (last 0.8%), Q3 Personal Consumption (last 3%), Q3 Core PCE (q/q last 1.8%), Initial Jobless Claims (last 330K), Continuing Claims (last 2.566M)
10:00am Oct New Home sales (last 770K, m/m last 4.8%), Oct Help Wanted Index (last 24), Q3 House Price Index (last 0.1%)
10:30am Natural Gas Inventories
1:00pm Treasury's 5 year note announcement
Events
7:00pm Fed's Bernanke speaks at Charlotte Chamber of Commerce Conference, Center for Devices and Radiological Health committee to vote on a pre-market approval application, sponsored by Abbott Vascular for the XIENCE V Everolimus Eluting Coronary Stent System, Pfizer Analyst Meeting, Safeco Analyst Day, Trades Ex-dividend: MCK $0.06, HAL $0.09, NYT $0.23, SLE $0.105
Earnings
Before the Open: AMWD, STST, BZH, BONT, CMRG, CTR, CONN, DLM, DSGX, FLOW, FRED, GMTN, GCO, GRB, HNZ, HSOA, LULU, MESA, SBH, SHLD, SFD, SOLF, SMRT, SMA, TTEC, TIF, VIP, WMG, WTSLA During Trading Hours: LDR After the Close: AXCA, BRCD, CPWM, DLIA, DELL, JCG, LTRE, MENT, OVTI, RSTO, SEAC, UNCA, 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.
 

posted by Cannon Trading at 1:38 PM 0 comments

Tuesday, November 27, 2007

Futures Trading levels and Economic reports for Nov. 28th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Crazy, wild day that finished with a bullish tone....but with this market who knows .......
 
LEVELS:
 
Contract (Dec 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1458.50 2086.00 13275 760.83
Resistance 2 1445.50 2063.00 13145 753.92
Resistance 1 1436.00 2047.50 13050 748.83
Pivot 1423.00 2024.50 12920 741.92
Support 1 1413.50 2009.00 12825 736.83
Support 2 1400.50 1986.00 12695 729.92
Support 3 1391.00 1970.50 12600 724.83
         
Contract  Dec Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 827.33 1.5003 62.45 120  6/32
Resistance 2 822.27 1.4961 61.25 119 13/32
Resistance 1 818.13 1.4900 60.60 118 16/32
Pivot 813.07 1.4858 60.00 117 23/32
Support 1 808.93 1.4797 59.20 116 26/32
Support 2 803.87 1.4755 58.60 116  1/32
Support 3 799.73 1.4694 57.90 115  4/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, November 28, 2007


Economic
8:30am Oct Durable Goods Orders (last –1.7%) (ex transportation last 0.3%)
10:00am Oct Home Sales (last 5.04M, m/m last –8%)
10:30am Crude Oil/Gasoline/Distillate Inventories
1:00pm 2-year note announcement
2:00pm Fed Beige Book
Events
8:00am Fed's Kohn speaks at Council on Foreign Relations in NY, 1:30pm Fed's Fisher speaks on Fed, economy in Amarillo, TX, FDA Pediatric Advisory on adverse event reports (Serevent, Provigil, Azopt, Bextaxon, Emtrivia, Gleevec), Friedman Billings Ramsey Capital Markets Investor Conference, MBA Mortgage Applications (7:00, last –3.6%). Trades Ex-dividend: KO $0.34, D $0.3995, STI $0.73. DOV $0.20
Earnings
Before the Open: ARO, BECN, BWS, CBRL, DLTR, NRGY, IGLD, SCMR After the Close: ATW, CWTR, JAS, MW, SIGM, TIVO, WEDC
 
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 #515
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 1:25 PM 0 comments

Monday, November 26, 2007

Futures Trading levels and Economic reports for Nov. 27th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Not a good session for the bulls today. Market started higher on some positive sales figures from Friday (black Friday or the first "official" day of Christmas sales) but failed to hold and even more so created some chart damage by closing below previous support of 1417 basis the Dec. SP500. Be ready for volatile trading for the remainder of week.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1478.00 2095.67 13273 775.17
Resistance 2 1463.50 2074.33 13167 767.08
Resistance 1 1436.00 2035.67 12963 751.17
Pivot 1421.50 2014.33 12857 743.08
Support 1 1394.00 1975.67 12653 727.17
Support 2 1379.50 1954.33 12547 719.08
Support 3 1352.00 1915.67 12343 703.17
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 841.67 1.5000 101.30 121 21/32
Resistance 2 836.83 1.4946 100.20 120  7/32
Resistance 1 831.67 1.4917 98.72 119 16/32
Pivot 826.83 1.4863 97.62 118  2/32
Support 1 821.67 1.4834 96.14 117 11/32
Support 2 816.83 1.4780 95.04 115 29/32
Support 3 811.67 1.4751 93.56 115  6/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, November 27, 2007


Economic
9:00am Sep S&P Case Shiller Composite (last –4.4%)
10:00am Nov Richmond Fed manufacturing Index (last –5)
Events
12:20pm Fed's Plosser speaks on economic outlook in Rochester, NY, 1:30pm Fed's Evans speaks to Futures Industry Association in Chicago, 8:00am FDA Pediatric Advisory on adverse event reports, neuropsychiatric, and behavioral events for Tamiflu, Pride International Analyst Day, Credit Suisse 2007 Annual Technology Conference, ICSC/UBSW Chain Store Sales (7:45, last 2.2%). Redbook Retail Sales (8:55, last 2.2%). ABC Consumer Confidence (last -19). Trades Ex-split: IDXX 2:1. Trades Ex-dividend: HD $0.225, RSH $0.25, LTD $0.15, UNP $0.44, ALDA $0.15
Earnings
Before the Open: ACM, AEO, JTX, SHMR, SPLS, TLB, TECD During Trading Hours: THO After the Close: ADI, CENT, DBRN, LTON, MRVL, PBY, SMTC, SNDA, LNUX, UTI, VRGY
 
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 1:08 PM 0 comments

Friday, November 23, 2007

Futures Trading levels and Economic reports for Nov. 26th

 
*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 1463.03 2065.67 13128 778.20
Resistance 2 1453.47 2051.33 13063 769.60
Resistance 1 1447.13 2040.67 13021 762.20
Pivot 1437.57 2026.33 12956 753.60
Support 1 1431.23 2015.67 12914 746.20
Support 2 1421.67 2001.33 12849 737.60
Support 3 1415.33 1990.67 12807 730.20
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 845.07 1.5140 100.86 117 17/32
Resistance 2 835.03 1.5059 99.56 117  7/32
Resistance 1 829.87 1.4949 98.77 117  1/32
Pivot 819.83 1.4868 97.47 116 23/32
Support 1 814.67 1.4758 96.68 116 17/32
Support 2 804.63 1.4677 95.38 116  7/32
Support 3 799.47 1.4567 94.59 116  1/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, November 26, 2007


Economic
11:00am Treasury's 2 and 5 year note announcement
Events
ING 10th Annual EMEA Forum, Trades Ex-dividend: MHP $0.205, SRV $0.30, THG $0.40, ASF $0.11
Earnings
Before the Open: SKIL After the Close: CTRN, DCI
 
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 10:19 AM 0 comments

Wednesday, November 21, 2007

Futures Trading levels and Economic reports for FRIDAY, Nov. 23rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Markets are closed tomorrow, Thursday, Nov. 22nd.
Some markets are closed Friday, some are open short hours. Stock index futures including mini SP, mini Russell, mini Dow etc will close early Friday, at 12:15 Pm central time.
 
Complete trading hours at:
 
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1454.57 2093.33 13117 760.00
Resistance 2 1447.03 2069.67 13055 755.00
Resistance 1 1432.27 2038.33 12935 747.00
Pivot 1424.73 2014.67 12873 742.00
Support 1 1409.97 1983.33 12753 734.00
Support 2 1402.43 1959.67 12691 729.00
Support 3 1387.67 1928.33 12571 721.00
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 813.40 1.4999 101.83 117  5/32
Resistance 2 809.20 1.4939 100.56 116 31/32
Resistance 1 803.90 1.4902 98.85 116 24/32
Pivot 799.70 1.4842 97.58 116 18/32
Support 1 794.40 1.4805 95.87 116 11/32
Support 2 790.20 1.4745 94.60 116  5/32
Support 3 784.90 1.4708 92.89 115 30/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, November 22, 2007


Economic
None Seen
Events
Thanksgiving Holiday Markets closed
Earnings
None Seen

Friday, November 23, 2007


Economic
None Seen
Events
1:00pm NYSE trading floor closes, 2:00pm Bond Markets close, Credit Suisse China Healthcare Sector Day, Trades Ex-dividend: JNJ $0.415, $0.075, AEA $0.125, GNA $0.165
Earnings
WATG
 
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 1:29 PM 0 comments

Tuesday, November 20, 2007

Futures Trading levels and Economic reports for Nov. 21st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
What a volatile session pre Thanksgiving break, wow!
 
Stock index will observe normal trading hours tomorrow and will be closed Thursday.
 
For complete schedule go to:
 
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1494.40 2153.33 13438 784.00
Resistance 2 1475.20 2112.67 13286 771.50
Resistance 1 1460.60 2076.33 13170 762.50
Pivot 1441.40 2035.67 13018 750.00
Support 1 1426.80 1999.33 12902 741.00
Support 2 1407.60 1958.67 12750 728.50
Support 3 1393.00 1922.33 12634 719.50
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 807.97 1.5075 104.62 117  2/32
Resistance 2 803.53 1.4952 101.62 116 23/32
Resistance 1 797.47 1.4887 99.99 116 16/32
Pivot 793.03 1.4764 96.99 116  5/32
Support 1 786.97 1.4699 95.36 115 30/32
Support 2 782.53 1.4576 92.36 115 19/32
Support 3 776.47 1.4511 90.73 115 12/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, November 21, 2007


Economic
8:30 Initial Jobless Claims (last 339K), Continuing Claims (last 2.568M)
10:00am University of Michigan Consumer confidence (last 75), Oct leading indicators (last 0.3%)
10:30am Natural Gas Inventories , Crude Oil/Gasoline/Distillate Inventories
Events
2:00pm Bond Markets close, EuroFinance: Cash, treasury and risk management in China Conference, Credit Suisse Sub Prime Crisis event, MBA Mortgage Applications (7:00, last 5.5%). Trades Ex-dividend: RHI $0.10, VMC $0.46, AIZ $0.12, ARM $0.10, RWT $2.00, WTS $0.10
Earnings
Before the Open: ANF, CHRS, DE, GMTN, GCO, MESA, PDCO, POSS, BKE, SHMR, SOLF, TSL During Trading Hours: GPS After the Close: CSC, NDSN, PVH
 
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 1:06 PM 0 comments

Monday, November 19, 2007

Futures Trading levels and Economic reports for Nov. 20th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Short week ahead with Thanksgiving. However we did see some volatility today and tomorrow we have FOMC minutes, which have the potential to move the market.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1470.63 2090.67 13285 776.33
Resistance 2 1462.67 2074.33 13215 770.17
Resistance 1 1449.73 2049.67 13105 760.08
Pivot 1441.77 2033.33 13035 753.92
Support 1 1428.83 2008.67 12925 743.83
Support 2 1420.87 1992.33 12855 737.67
Support 3 1407.93 1967.67 12745 727.58
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 799.17 1.4769 97.55 117 27/32
Resistance 2 794.13 1.4733 96.35 117  6/32
Resistance 1 786.07 1.4702 95.56 116 22/32
Pivot 781.03 1.4666 94.36 116  1/32
Support 1 772.97 1.4635 93.57 115 17/32
Support 2 767.93 1.4599 92.37 114 28/32
Support 3 759.87 1.4568 91.58 114 12/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, November 20, 2007


Economic
8:30am Oct Housing Starts (last 1.191M), Oct Building Permits (last 1.261M)
2:00pm US FOMC minutes + New quarterly forecast
Events
Terrapinn Alternative Investment Summit Russia, Mining Communications Ltd. Conference, ICSC/UBSW Chain Store Sales (7:45, last 2.7%). Redbook Retail Sales (8:55, last 2.4%). ABC Consumer Confidence (last -17). Trades Ex-split: D 2-1 Trades Ex-dividend: CCL $0.40, EFX $0.04, MMM $0.48
Earnings
Before the Open: BKS, BJ, BCSI, BRC, CHINA, DKS, DHI, EV, FRE, GME, HRL, MWRK, NWY, RTLX, ROST, SKS, SCVL, SSI, TGT, UNFI, ZLC After the Close: ARUN, BGP, JRJC, CMED, CWTR, GYMB, HIBB, HMIN, HOTT, JMBA, LTD, LTXX, PSUN, WFMI
 
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 1:06 PM 0 comments

Friday, November 16, 2007

Futures Trading levels and Economic reports for Nov. 19th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Options expiration on Friday played up to full expectations and produced a nice volatile session. This week coming up will be a short week (ThanksGiving) as well as thin on economic numbers.
 
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1488.50 2120.67 13427 794.67
Resistance 2 1477.50 2090.83 13333 786.08
Resistance 1 1469.50 2073.92 13267 777.17
Pivot 1458.50 2044.08 13173 768.58
Support 1 1450.50 2027.17 13107 759.67
Support 2 1439.50 1997.33 13013 751.08
Support 3 1431.50 1980.42 12947 742.17
         
Contract  December Gold Dec. Euro Jan. Crude Oil Dec. Bonds 
Resistance 3 805.73 1.4788 97.45 116 10/32
Resistance 2 801.87 1.4734 95.91 116     
Resistance 1 794.43 1.4696 94.90 115 25/32
Pivot 790.57 1.4642 93.36 115 15/32
Support 1 783.13 1.4604 92.35 115  8/32
Support 2 779.27 1.4550 90.81 114 30/32
Support 3 771.83 1.4512 89.80 114 23/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Monday, November 19, 2007


Economic
1:00pm Nov NAHB Housing Market Index (last 18)
Events
6:00am Treasury's Paulson speaks at press conference in Ghana, 10:35am Treasury's Pauslon, UK's Darling speak at Press Conference in Ghana, Banc of America Securities Defense Day, Credit Suisse China Healthcare Sector Day, Trades Ex-dividend: HSY $0.298, LIZ $0.056, MRO $0.24, BC $0.60, EIG $0.06
Earnings
Before the Open: CPB, CYBX, ITRN, LOW, TDG, TWB, VAL After the Close: CNQR, DY, EGLT, FMCN, HPQ, HRAY, KONG, MDT, JWN, PERY, PLNR

 

 
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

Thursday, November 15, 2007

Futures Trading levels and Economic reports for Nov. 16th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Session started slow early on but then picked up quite a bit of volatility as we are heading into options expiration tomorrow.
 
We are still trading in a wide band (1440 to 1496), I would need to see a break of either level to be convinced one way or another on a longer term basis.
 
In between as I am sure all of you see, the market presents wide intraday ranges with opportunities and risks on both sides.
 
Be patient and don't be in a hurry to enter trades. Have a game plan before you enter the trade as far as initial risk, targets and course of action.
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1501.30 2107.00 13470 796.33
Resistance 2 1488.90 2085.50 13381 789.17
Resistance 1 1471.80 2058.50 13263 780.83
Pivot 1459.40 2037.00 13174 773.67
Support 1 1442.30 2010.00 13056 765.33
Support 2 1429.90 1988.50 12967 758.17
Support 3 1412.80 1961.50 12849 749.83
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 818.70 1.4788 97.58 116 25/32
Resistance 2 811.10 1.4750 96.11 116  4/32
Resistance 1 799.20 1.4688 94.80 115 25/32
Pivot 791.60 1.4650 93.33 115  4/32
Support 1 779.70 1.4588 92.02 114 25/32
Support 2 772.10 1.4550 90.55 114  4/32
Support 3 760.20 1.4488 89.24 113 25/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, November 16, 2007


Economic
9:00am Sep Long-term TIC Flows (last -$69.3B), Sep Total Net TIC Flows (last –$163B)
9:15am Oct Industrial Production (last 0.1%), Oct Capacity Utilization (last 82.1%)
Events
12:00am Fed's Kroszner speaks on economic outlook in New York, 10:00am Fed's Lockhart speaks on Southeast economy outlook in Montreal, Trades Ex-split: CRS 2-1 Trades Ex-dividend: HON $0.25, MCO $0.08, TGT $0.14, ACC $0.338
Earnings
Before the Open: ANN, QXM
 
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

Wednesday, November 14, 2007

Futures Trading levels and Economic reports for Nov. 15th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Quiet day for the most part until the last 25 minutes where we witnessed a sell off followed by a quick bounce. Market is still not able to close above 1486 (although it made a high of 1496.75 during the night time). We are still at a junction trying to decide if this rally is a strong short covering or more significant.
 
LEVELS:
 
Contract (Dec 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1517.13 2148.00 13558 809.43
Resistance 2 1506.67 2123.50 13487 802.97
Resistance 1 1491.43 2086.00 13373 793.93
Pivot 1480.97 2061.50 13302 787.47
Support 1 1465.73 2024.00 13188 778.43
Support 2 1455.27 1999.50 13117 771.97
Support 3 1440.03 1962.00 13003 762.93
         
Contract  Dec Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 824.40 1.4833 62.45 115  8/32
Resistance 2 820.90 1.4783 61.25 114 28/32
Resistance 1 817.80 1.4719 60.60 114 20/32
Pivot 814.30 1.4669 60.00 114  8/32
Support 1 811.20 1.4605 59.20 114     
Support 2 807.70 1.4555 58.60 113 20/32
Support 3 804.60 1.4491 57.90 113 12/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, November 15, 2007


Economic
8:30am Oct CPI (last 0.3% m/m, 2.8% y/y), Oct CPI ex Food and Energy (last 0.2% m/m, 2.1% y/y), Oct Core CPI Index SA (last 211.174), Oct CPI NSA (last 208.49), Nov Empire Manufacturing (last 28.8), Initial Jobless Claims (last 317K), Continuing Claims (last 2.579M)
10:30am Crude Oil/Gasoline/Distillate Inventories, Natural Gas Inventories
12:00pm Nov Philadelphia Fed (last 6.8)
Events
9:45am Fed's Evans gives welcoming remarks at Chicago Conference, 7:30pm Fed's Hoenig speaks on economic outlook in New Mexico, Treasury Refunding Statement, Credit Suisse Investor Summit, UBS Global Technology and Services Conference, Trades Ex-dividend: R $0.21, PCAR $0.18, SNA $0.30, DLX $ 0.25, IKN $0.04, SRP $0.08, MTW added to the S&P 500 after the close, WXS added to the S&P 600 after the close.
Earnings
Before the Open: BIG, CTR, CHINA, CPA, DKS, DHT, FCSX, GMTN, GSOL, GMCR, GBE, HP, HB, JCP, KIRK, KLIC, MMS, NWY, NJR, PTRY, SHLD, SHMR, SCVL, SOLF, SSI, SMRT, SPH, STP, BKE, TDG, TWB, TYC, VSE, WTSLA, ZOLL After the Close: A, ADSK, STV, CHRD, DDS, DITC, DHOM, EXLS, FL, FORM, HMIN, DISK, PODD, INTU, SJM, KSS, MSCC, MTSC, CRM, SINA, SBUX, SNS, TOA, NCTY, UNCA, VRGY, VIMC, WEDC .
 
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 1:15 PM 0 comments

Tuesday, November 13, 2007

Futures Trading levels and Economic reports for Nov. 14th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
That was some rally! The million dolar question: Is this just a short covering rally on the hills of positive walmart news or was that a medium term bottom we witnessed.....
 
LEVELS:
 
Contract (Dec 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1526.27 2151.00 13720 812.33
Resistance 2 1506.13 2113.00 13535 802.27
Resistance 1 1495.07 2092.00 13435 796.13
Pivot 1474.93 2054.00 13250 786.07
Support 1 1463.87 2033.00 13150 779.93
Support 2 1443.73 1995.00 12965 769.87
Support 3 1432.67 1974.00 12865 763.73
         
Contract  Dec Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 820.57 1.4769 62.45 114 30/32
Resistance 2 814.93 1.4704 61.25 114 24/32
Resistance 1 806.97 1.4657 60.60 114 19/32
Pivot 801.33 1.4592 60.00 114 13/32
Support 1 793.37 1.4545 59.20 114  8/32
Support 2 787.73 1.4480 58.60 114  2/32
Support 3 779.77 1.4433 57.90 113 29/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, November 14, 2007


Economic
8:30am Oct PPI (last 1.1% m/m, 4.4% y/y), Oct PPI ex food and energy (last 0.1% m/m, 2.0% y/y), Oct Advance Retail sales (last 0.6%), Oct Retail sales less autos (last 0.4%)
10:00am Sep Business Inventories (last 0.1%)
Events
4:00am Fed's Fisher speaks on US outlook in Sydney, Australia, 9:10am Fed's Bernanke speaks on FOMC communications in Washington, 8:00am FDA Behind the Counter availability of Drugs Conference, 1:00pm Vaccines and related Biological Products Advisory committee Teleconference, Sandler O'Neill & Parters East Coast Financial Services Conference, MBA Mortgage Applications (7:00, last –1.6%). Trades Ex-dividend: IP $0.25, DUK $0.22, CVX $0.58, ITT $0.14, CMI $0.25
Earnings
Before the Open: APU, MT, ARM, CSIQ, DAKT, DWSN, DSX, ESLT, GIGM, M, MDTH, VIVO, PCS, NUAN, UGI After the Close: ANST, AMAT, CHIC, HSOA, LDG, NTAP, PETM, RAH, TTEK
 
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

Monday, November 12, 2007

Futures Trading levels and Economic reports for Nov. 13th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
I thought the market would have been a bit quieter today as banks were closed as well as trading in treasury bonds, however we witnessed another volatile session and finished the day about 60 points lower on the Dow.
 
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1488.67 2097.33 13313 797.77
Resistance 2 1478.83 2074.67 13245 791.38
Resistance 1 1460.17 2031.33 13122 779.07
Pivot 1450.33 2008.67 13054 772.68
Support 1 1431.67 1965.33 12931 760.37
Support 2 1421.83 1942.67 12863 753.98
Support 3 1403.17 1899.33 12740 741.67
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 831.47 1.4795 98.08 115 21/32
Resistance 2 823.23 1.4741 97.14 115  7/32
Resistance 1 815.47 1.4642 95.42 114 30/32
Pivot 807.23 1.4588 94.48 114 16/32
Support 1 799.47 1.4489 92.76 114  7/32
Support 2 791.23 1.4435 91.82 113 25/32
Support 3 783.47 1.4336 90.10 113 16/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, November 13, 2007


Economic
10:00am Nov IBD/TIPP Optimism (last 47.3)
2:00pm Oct Monthly Budget Statement (last -$49.3B)
3:00pm Sep Pending Home Sales (last –6.5% m/m)
Events
1:15pm Fed's Kroszner speaks on Basel II in NY, ITT 2007 Analyst Day, MSFT Annual Shareholder Meeting, Gartner Healthcare IT Summit, CSC/UBSW Chain Store Sales (7:45, last 2.4%). Redbook Retail Sales (8:55, last 1.9%). ABC Consumer Confidence (last -15). Trades Ex-dividend: AMAT $0.06, AET $0.04, AVP $0.185, PH $0.21, CIT $0.25, O added to the S&P 400 after the close
Earnings
Before the Open: GTLS, ERJ, FIG, FOSL, GILT, HD, IAG, NAFC, PPC, SCHS, TJX, USBE, WMT During Trading Hours: LNY, RAME After the Close: CNTF, IMOS, DIET, EXM, GUID, LZB, OMPI, OCNW, STEC, XFML
 
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

Friday, November 09, 2007

Futures Trading levels and Economic reports for Nov. 12th

 
*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 1498.10 2126.83 13356 798.02
Resistance 2 1488.30 2107.92 13290 790.13
Resistance 1 1471.60 2074.83 13168 781.77
Pivot 1461.80 2055.92 13102 773.88
Support 1 1445.10 2022.83 12980 765.52
Support 2 1435.30 2003.92 12914 757.63
Support 3 1418.60 1970.83 12792 749.27
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 847.47 1.4873 99.25 115 21/32
Resistance 2 842.43 1.4816 97.96 115  7/32
Resistance 1 838.57 1.4750 97.11 114 30/32
Pivot 833.53 1.4693 95.82 114 16/32
Support 1 829.67 1.4627 94.97 114  7/32
Support 2 824.63 1.4570 93.68 113 25/32
Support 3 820.77 1.4504 92.83 113 16/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, November 12, 2007


Economic
None Seen
Events
Oracle OpenWorld Conference, BIO-Europe 2007 International Partnering Conference
Earnings
Before the Open: BX, DISH, HEW, NSSC, NVAX, TSN After the Close: JOBS, BOBE, CNK, ESE, HINT, OWW, FACE
 
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 1:42 PM 0 comments

Thursday, November 08, 2007

Futures Trading levels and Economic reports for Nov. 9th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Volatile session today as the market went back to its trading range pre-fed cut of 50 basis points in Sept.
 
We are sitting right now between two major levels, 1454 on the low end and 1490 on the upper end.
 
Fast market conditions require strong dicipline when it comes to money management.
 
Good Trading!
 
LEVELS:
 
Contract (DEC. 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1523.53 2262.00 13695 812.08
Resistance 2 1505.27 2221.00 13542 798.67
Resistance 1 1490.53 2163.00 13403 790.33
Pivot 1472.27 2122.00 13250 776.92
Support 1 1457.53 2064.00 13111 768.58
Support 2 1439.27 2023.00 12958 755.17
Support 3 1424.53 1965.00 12819 746.83
         
Contract  December Gold Dec. Euro Dec. Crude Oil Dec. Bonds 
Resistance 3 860.83 1.4805 99.95 115     
Resistance 2 854.17 1.4759 98.82 114 21/32
Resistance 1 845.83 1.4721 97.19 114 11/32
Pivot 839.17 1.4675 96.06 114     
Support 1 830.83 1.4637 94.43 113 22/32
Support 2 824.17 1.4591 93.30 113 11/32
Support 3 815.83 1.4553 91.67 113  1/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, November 09, 2007


Economic
8:30am Sep Trade Balance (last -$57.6B), Oct Import Price Index (last m/m 1.0%, y/y 5.2%)
10:00am Nov University of Michigan Confidence (last 80.9)
Events
6:30pm US Treasury's Solomon speaks on US tax policy in Chicago, Trades Ex-split: ATU 2:1 Trades Ex-dividend: ED $0.058, CNW $0.10, MKV $0.469, OSM $0.093, X $0.20, XLNX $0.12
Earnings
Before the Open: AIXD, AYR, AEE, BRKS, CNTY, PLTE, CLWR, CHCI, DRS, ETM, GG, HUN, IART, JASO, SIZ, SUG, TTEC, TRGL, WCRX After the Close: LGF, PAAS, SMTL
 
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