Futures Trading levels and Economic reports for May 29th
| Contract (June 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1411.83 | 2040.00 | 12765 | 750.83 |
| Resistance 2 | 1402.17 | 2024.00 | 12690 | 745.07 |
| Resistance 1 | 1397.13 | 2015.00 | 12643 | 741.63 |
| Pivot | 1387.47 | 1999.00 | 12568 | 735.87 |
| Support 1 | 1382.43 | 1990.00 | 12521 | 732.43 |
| Support 2 | 1372.77 | 1974.00 | 12446 | 726.67 |
| Support 3 | 1367.73 | 1965.00 | 12399 | 723.23 |
| Contract | June Gold | June Euro | July Crude Oil | June Bonds |
| Resistance 3 | 932.40 | 1.5872 | 138.55 | 116 26/32 |
| Resistance 2 | 920.80 | 1.5810 | 135.07 | 116 11/32 |
| Resistance 1 | 911.50 | 1.5720 | 132.93 | 115 14/32 |
| Pivot | 899.90 | 1.5658 | 129.45 | 114 31/32 |
| Support 1 | 890.60 | 1.5568 | 127.31 | 114 2/32 |
| Support 2 | 879.00 | 1.5506 | 123.83 | 113 19/32 |
| Support 3 | 869.70 | 1.5416 | 121.69 | 112 22/32 |
| DATE | CST | PERIOD | RELEASE | MFGR | MED | RANGE | PREV |
| 5/29 | 7:30 | 1Q P | GDP QoQ (Annualized) | - - | 0.90% | - - | 0.60% |
| THU | 7:30 | 1Q P | Personal Consumption | - - | 1.00% | - - | 1.00% |
| | 7:30 | 1Q P | GDP Price Index | - - | 2.60% | - - | 2.60% |
| | 7:30 | 1Q P | Core PCE QoQ | - - | 2.20% | - - | 2.20% |
| | 7:30 | 24-May | Initial Jobless Claims | - - | 370K | - - | 365K |
| | 7:30 | 17-May | Continuing Claims | - - | 3080K | - - | 3073K |
| | 8:00 | | NY Pres Geithner delivers opening remarks at the NY Fed's Role of Money Markets Conference | | | | |
| | 9:00 | APR | Help Wanted Index | - - | 19 | - - | 19 |
| | 12:00 | | Treasury will auction 5-yr notes | | | | |
| | 13:00 | | TSLF auction | | | | |
| | 13:30 | | Fed Chairman Bernanke will speak on "Risk Transfer Mechanisms and Financial Stability" | | | | |
| | 18:00 | | Fed VP Kohn speaks at the NY Fed on the Fed's role in the money markets | | | | |
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
posted by Cannon Trading at 1:12 PM
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