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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, May 01, 2008

Futures Trading levels and Economic reports for May 2nd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Good Trading!
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1450.53 2066.67 13306 750.50
Resistance 2 1431.27 2026.33 13161 740.25
Resistance 1 1421.53 2005.17 13080 734.50
Pivot 1402.27 1964.83 12935 724.25
Support 1 1392.53 1943.67 12854 718.50
Support 2 1373.27 1903.33 12709 708.25
Support 3 1363.53 1882.17 12628 702.50
         
Contract  June Gold June Euro June Crude Oil June Bonds 
Resistance 3 877.77 1.5779 119.88 119     
Resistance 2 871.63 1.5697 117.55 118 14/32
Resistance 1 861.27 1.5565 114.95 117 25/32
Pivot 855.13 1.5483 112.62 117  8/32
Support 1 844.77 1.5351 110.02 116 19/32
Support 2 838.63 1.5269 107.69 116  1/32
Support 3 828.27 1.5137 105.09 115 12/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, May 02, 2008


Economic
8:30am April Change in Nonfarm Payrolls (last –80K), April Unemployment Rate (last 5.1%), April Change in Manufacturing Payrolls (last –48K), April Avg. Hourly Earnings (last m/m 0.3%, y/y 3.6%), April Average Weekly H
ours (last 33.8)
10:00am March Factory Orders (last –1.3%)
Events
S&P Emerging Issues in Fixed Income Market Conference. Trades Ex-dividend: CRS $0.18, NAL $0.07, ABFS $0.15, ITU $0.007, CBD $0.275.
Earnings
Before the Open: AGU, ALE, AEE, AMT, AIV, B, BWA, CSAR, CVX, ED, DSPG, DUK, EVVV, FSS, HPOL, IFLO, ICE, SFI, KBR, LZ, MGLN, MDU, GAS, NI, NT, NWN, ASGN, OPTR, PPL, SRE, VIA.B, WY, WHQ. After the Close: ABMD, OTTR.
 
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 1:23 PM

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