Cannon Trading Co. Inc.
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Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, August 13, 2008

FW: daily support & résistance and economic data to be released

 

 

 

 

The Leader in futures trading: www.E-Futures.com

 

9301 Wilshire Blvd. Suite No. 515, Beverly Hills, CA 90210  Tel : 800-454-9572 jonathan@cannontrading.com

 

 

 

Good Morning-

 

 

Daily Support & Résistance Levels

 

Mini-S&P 500 Futures

Sept. 08

Mini-Nasdaq 100 Futures

Sept. 08

Mini-Dow Futures

Sept. 08

Mini Russell 2000 Futures

Sept. 08

30-year US Bond Futures

Sept. 08

10-Year US Note

Futures

Sept. 08

Support 3

1263.00

1883.00

11388

725.60

11505

11501.5

Support 2

1271.50

1903.00

11477

733.20

11518

11508

Support 1

1281.00

1925.00

11565

741.70

11602

11517

Résistance 1

1294.75

1954.00

11678

745.90

11631

11602

Résistance 2

1298.50

1966.00

11712

751.80

11717

11613

Résistance 3

1302.00

1981.00

11745

757.80

11801

11630

 

Updated: 13-Aug-08 08:38 ET

This Week's Calendar

Click on a "Release" for Insight

Date

ET

Release

For

Actual

Briefing.com

Consensus

Prior

Revised From

Aug 13

08:30

Export Prices ex-ag.

Jul

0.8%

NA

NA

0.9%

 

Aug 13

08:30

Import Prices ex-oil

Jul

0.9%

NA

NA

0.9%

 

Aug 13

08:30

Retail Sales

Jul

-0.1%

0.0%

-0.1%

0.1%

 

Aug 13

08:30

Retail Sales ex-auto

Jul

0.4%

0.5%

0.5%

0.8%

 

Aug 13

10:00

Business Inventories

Jun

 

0.5%

0.6%

0.3%

 

Aug 13

10:35

Crude Inventories

08/09

 

NA

NA

1614K

 

Aug 14

08:30

Core CPI

Jul

 

0.2%

0.2%

0.3%

 

Aug 14

08:30

CPI

Jul

 

0.3%

0.4%

1.1%

 

Aug 14

08:30

Initial Claims

08/09

 

435K

436K

455K

 

Aug 15

08:30

NY Empire State Index

Aug

 

NA

-5.0

-4.9

 

Aug 15

09:00

Net Foreign Purchases

Jun

 

NA

$57.5B

$67.0B

 

Aug 15

09:15

Capacity Utilization

Jul

 

79.9%

79.8%

79.9%

 

Aug 15

09:15

Industrial Production

Jul

 

0.1%

0.0%

0.5%

 

Aug 15

10:00

Mich Sentiment-Prel.

Aug

 

63.0

62.0

61.2

 

 

 


Important Please Note: Trading commodity futures and options involves substantial risk of loss.  The recommendations contained in this letter is of opinion only and does not guarantee any profits.. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. Readers are urged to exercise their own judgment in trading!

 

Disclaimer:

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.     

 IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCONTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

 

Please read the FULL DISCLAIMER at the the end of this message. These are risky markets and it is important that you will be aware of all risks of trading futures and limitations of hypothetical trading.

 

Disclaimer:

 

1. Obviously in less liquid markets, fills from market orders may vary, but the stops should not be altered.

 

2. Final calculations do not include slippage. 

 

3. The NFA requires us to state and I fully agree that "HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OF LOSSES SIMILAR TO THOSE SHOWN."

4.. These are NOT trading recommendations unless we discuss it together.  They are intended only as potential trade ideas based on the market's own performance in the past, but past performance is not necessarily indicative of future results.  Futures trading involves substantial risk of loss.

5. For prospects who are not trading through me, you are receiving this as my way of trying to gain your business. Sooner or later I will reserve this service for CLIENTS ONLY. Also keep in mind, that only clients get the intraday alerts when and if they occur.

6. Each one of you is different. You have different risk tolerance, different account size and different trading experience. Unless we speak on a one on one basis, I recommend treating this e-mail as trade ideas only.

 

 

Sincerely,

Jonathan B. Day

Senior Commodity Broker
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
jonathan@cannontrading.com
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #515
Beverly Hills, Ca 90210

* Important Please Note: The material contained in this letter is of
opinion only and does not guarantee any profits. 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 6:42 AM

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