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Cannon Trading Futures Blog: Daily Support and Resistance Levels

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