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

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, May 12, 2008

Futures Trading levels and Economic reports for May 13th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Nice up day to start the week!
 
I think the pressure may be up for the next few days but I have been wrong before (-:
 
Good Trading!
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1429.30 2056.33 13096 754.67
Resistance 2 1417.10 2030.17 12997 744.43
Resistance 1 1410.70 2014.33 12929 738.57
Pivot 1398.50 1988.17 12830 728.33
Support 1 1392.10 1972.33 12762 722.47
Support 2 1379.90 1946.17 12663 712.23
Support 3 1373.50 1930.33 12595 706.37
         
Contract  June Gold June Euro June Crude Oil June Bonds 
Resistance 3 901.80 1.5800 128.19 118 21/32
Resistance 2 896.30 1.5674 127.29 118  8/32
Resistance 1 889.50 1.5593 125.61 117 21/32
Pivot 884.00 1.5467 124.71 117  9/32
Support 1 877.20 1.5386 123.03 116 22/32
Support 2 871.70 1.5260 122.13 116  9/32
Support 3 864.90 1.5179 120.45 115 22/32
 
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, May 13, 2008


Economic
8:30am April Import Price Index (last m/m 2.8%, y/y 14.8%), April Advanced Retail Sales (last 0.2%, ex autos 0.1%)
10:00am May IBD/TIPP Economic Optimism (last 39.2), March Business Inventories (last 0.6%)
Events
6:10am Fed's Pianalto, ECB's Noyer speak on monetary policy in Paris. 8:20am Fed Chairman Bernanke speaks on liquidity measures at conference. 9:15am Fed's Warsh moderates discussion on Sarbanes-Oxley Act. 11:00am Fed's Plosser moderates discussion on fair disclosure. 1:00pm Fed's Yellen speaks on US economic outlook at Vancouver conference. 1:00pm Fed's Hoenig speaks on economic outlook in Oklahoma. 1:30pm Fed's Fisher speaks about the Fed and the economy in Texas. 8:00pm Fed's Evans speaks about the economy in Chicago. Sprint Nextel Annual Shareholder's Meeting. Baird Growth Stock Conference. Bank of America Securities Heath Care Conference. Bear Stearns Global Credit Conference. Merrill Lynch Asia Rising Starts Conference. ICSC/UBSW Chain Store Sales (7:45am, last %). Redbook Retail Sales (8:55am, last %). ABC Consumer Confidence (last -46). Trades Ex-dividend: AMAT $0.06, AVP $0.20, PH $0.21, CIT $0.10, TE $0.20.
Earnings
Before the Open: CCJ, CSIQ, LNG, CFSG, COMV, DISH, ESLT, FSRV, FOSL, FNDT, GIGM, GLUU, HELE, HOKU, IAG, IGLD, KEM, LIZ, SENO, SIRI, TJX, VSE, WMT. After the Close: AMAT, CALL, CVLT, CHCI, DIET, ERTS, FLML, GXDX, GIVN, HI, HRC, HMIN, PODD, MELI, MRGE, OPNT, PAAS, PLAB, 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 #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 1:12 PM

0 Comments:

Post a Comment

<< Home