Futures Trading levels and Economic reports for April 29th
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
We started off the week with a very quiet session and low volume. (approx. 1,133,000 on the e-mini SP )
I don't think it will remain quiet for the rest of the week....Some housing numbers tomorrow followed by FOMC rate decision on Wednesday.
From a technical point of view, the market is on the verge of either making a run at 1440 (if we can break above 1406) or a break towards the 1350's ( if we can break below 1390).
However, on a FOMC week, I think fundamentals will take first seat and "large money" may wait for the news or lack of before entering or exiting their positions.
Good Trading!
LEVELS:
| Contract (June 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1410.87 | 1958.00 | 12998 | 741.00 |
| Resistance 2 | 1407.43 | 1950.00 | 12964 | 735.00 |
| Resistance 1 | 1402.37 | 1938.00 | 12918 | 730.00 |
| Pivot | 1398.93 | 1930.00 | 12884 | 724.00 |
| Support 1 | 1393.87 | 1918.00 | 12838 | 719.00 |
| Support 2 | 1390.43 | 1910.00 | 12804 | 713.00 |
| Support 3 | 1385.37 | 1898.00 | 12758 | 708.00 |
| Contract | June Gold | June Euro | June Crude Oil | June Bonds |
| Resistance 3 | 906.33 | 1.5762 | 121.54 | 117 1/32 |
| Resistance 2 | 902.17 | 1.5713 | 120.73 | 116 18/32 |
| Resistance 1 | 898.83 | 1.5660 | 119.77 | 116 9/32 |
| Pivot | 894.67 | 1.5611 | 118.96 | 115 26/32 |
| Support 1 | 891.33 | 1.5558 | 118.00 | 115 18/32 |
| Support 2 | 887.17 | 1.5509 | 117.19 | 115 3/32 |
| Support 3 | 883.83 | 1.5456 | 116.23 | 114 26/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, April 29, 2008
Economic
9:00am Feb S&P/CS Home Price Index, Feb S&P/CS Composite-20 y/y (last –10.7%)
10:00am April Consumer Confidence (last 64.5)
Events
Bank of Japan Rate decision. 6:30am US Treasury's Nason speaks in London on US market regulations. 8:30am FDA Public Workshop on the safety of hemoglobin-based oxygen carriers. 9:30am STI Shareholders Meeting. Lehman Brothers Retail and Restaurant Conference. ICSC/UBSW Chain Store Sales (7:45, last –0.7%). Redbook Retail Sales (8:55, last +1.7%). ABC Consumer Confidence (last -40). Trades Ex-dividend: RX $0.03, CAG $0.19.
Earnings
Before the Open: CAS, AG, ANPI, ADM, ARM, ASH, AVP, BLC, BMS, BRY, BYD, BP, BNI, CRS, CBS, CEVA, GIB, CVG, GLW, CYNO, DHX, DXYN, DPZ, ENR, FDP, GKSR, GM, GWR, GVHR, GPI, HSII, HEP, HUN, ICLR, KNSY, KSWS, LDR, LCAV, LEA, MSO, MAS, MA, MHP, MHS, MOG.A, MYGN, NURO, NXY, ODP, GLT, PTC, PAG, PER, PCZ, PNW, RDS.A, RTI, SMG, SEPR, SINT, SPG, SIRI, SAH, SPR, TSM, TECH, TFX, TIN, TPP, TSCM, TT, TUES, X, UA, VLO, VSH, WMI, WEC. After the Close: ACE, ADVS, ATAC, ALGN, ECOL, AMMD, ANEN, ARRS, AUDC, AVR, BMRN, BXP, BRE, BTUI, BPL, BWLD, CSCD, CBG, CTV, CYH, CNXT, CTS, CYBS, DVA, DENN, DRH, DBTK, DWA, DRC, EGLT, EQ, EPIC, EQY, ESRX, FEIC, FLEX, FORM, GGP, BGC, GMKT, HRS, HSTX, HS, HIMX, HTCH, JLL, KEYN, KFRC, LDSH, LFL, LFG, XPRT, LXRX, LNC, LAD, LIZ, LNET, MASI, MOH, MPWR, MRH, MOSY, NANO, NATI, NCIT, NETL, NAL, OIS, OTEX, OSG, PNRA, PDFS, PLNR, PLT, RSYS, RNR, SVVS, SCSS, SMI, SHOR, SWIR, SIMO, SSTI, SNWL, SPSS, STAR, SDXC, TE, TRMA, TRLG, URI, USU, VIMC, VPRT, WTS.
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 1:13 PM
0 Comments:
Post a Comment
<< Home