Cannon Trading Co. Inc.
We believe. The next frontier in futures trading.
Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, May 06, 2008

Futures Trading levels and Economic reports for May 7th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1452.93 2051.17 13262 748.50
Resistance 2 1437.57 2026.83 13146 740.40
Resistance 1 1428.03 2010.67 13082 734.40
Pivot 1412.67 1986.33 12966 726.30
Support 1 1403.13 1970.17 12902 720.30
Support 2 1387.77 1945.83 12786 712.20
Support 3 1378.23 1929.67 12722 706.20
         
Contract  June Gold June Euro June Crude Oil June Bonds 
Resistance 3 896.37 1.5712 126.69 117 20/32
Resistance 2 890.43 1.5639 124.71 117  4/32
Resistance 1 884.47 1.5567 123.29 116  9/32
Pivot 878.53 1.5494 121.31 115 25/32
Support 1 872.57 1.5422 119.89 114 30/32
Support 2 866.63 1.5349 117.91 114 14/32
Support 3 860.67 1.5277 116.49 113 19/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, May 07, 2008


Economic
8:30am Q1 Preliminary Non-Farm Productivity (last 1.9%), Q1 Preliminary Unit Labor Costs (last 2.6%)
10:00am March Pending Home Sales m/m (last -1.9%)
10:30am Crude Oil/Gasoline/Distillate Inventories
1:00pm US Treasury 10-year note auction
3:00pm March Consumer Credit (last $5.2B)
Events
8:45am Fed's Kroszner speaks in Cincinnati on foreclosures. FDA Anesthetic & Life Support Drugs Advisory Committee. Bank of America Securities BASics/Industrials Conference. Credit Suisse Emerging Markets Conference. UBS Financial Institutions Conference. MBA Mortgage Applications (7:00, last -11.1%). Same Store Sales after the close. Trades Ex-dividend: IBM $0.50, PFE $0.32, Q $0.08, BA $0.40, WFC $0.31.
Earnings
Before the Open: AGN, ALD, AHCI, ALY, AOB, AHII, ARD, LSE, CLHB, CTSH, CTB, CXR, DVN, DTV, DTG, EMKR, EBS, ENB, XJT, FWLT, FTO, FCN, HSP, HWCC, NRGY, IDCC, IHR, JRCC, KNDL, KBALB, ID, LAMR, LM, MKTX, MMC, MMS, MDTH, MCCC, MGAM, NCR, NEWS, NTMD, ONNN, OHB, OSCI, OC, PCAP, PRFT, PNK, PXD, PLUG, QLTY, PWR, KWK, SBGI, SKYW, SEP, TRK, STE, BRLC, TTES, TOT, RIG, TRS, UNCA, VRX, WRES. During Trading Hours: ACMR, JRT. After the Close: AMCN, AEL, ARII, AHS, ANDE, ARNA, CAR, ACLS, BLKB, BBBB, CBOU, CENT, CCRT, COGO, CPII, CROX, CCRN, DNB, DRRX, BAGL, EAC, ENCY, ENOC, EXPD, FRT, FCH, FOE, FNET, ROCK, GIL, GCOM, GOLF, GXP, HCN, HIL, IDSY, TEG, IPAR, INAP, KNTA, LTRE, MVSN, MCGC, MRN, MBLX, MSTR, MR, MIVA, MSCS, NABI, NFS, NMHC, NSR, NWS.A, NHWK, NPSP, NVEC, ODSY, OEH, PDLI, PVA, PVR, PSPT, PCR, PROS, PL, PRSC, PSSI, RAH, RSCR, SAFT, SNTS, SVNT, SCI, SMSI, BID, BEE, TLEO, OVEN, UEIC, VRAZ, VOLC, WRI, WEDC, ZIPR.
 
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:

Post a Comment

<< Home