Cannon Trading Co. Inc.
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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, October 08, 2008

Futures Trading levels and Economic reports for Oct 9th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Bearish close.
 
We made an extreme low on high volume then rallied only to fail before the close and finish on the lower end of the trading range with more than 5000000 e-minis traded. However, the way this market has been trading with the volatility we have seen...one can only guess on what the market will do overnight  or the next day.....
 
I will be out of the office tomorrow. If you need anything, please call 800-454-9572 or 310-859-9572 and have your account number ready.
 
 
LEVELS:
 
Contract (Dec. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1074.33 1477.00 9980 623.90
Resistance 2 1050.67 1436.00 9820 602.10
Resistance 1 1019.33 1384.00 9545 572.00
Pivot 995.67 1343.00 9385 550.20
Support 1 964.33 1291.00 9110 520.10
Support 2 940.67 1250.00 8950 498.30
Support 3 909.33 1198.00 8675 468.20
         
Contract  Dec Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 975.70            1.4073 95.94 125 22/32
Resistance 2 950.30            1.3937 93.46 123 25/32
Resistance 1 930.90            1.3822 91.00 121  6/32
Pivot 905.50            1.3686 88.52 119 10/32
Support 1 886.10            1.3571 86.06 116 23/32
Support 2 860.70            1.3435 83.58 114 26/32
Support 3 841.30            1.3320 81.12 112  7/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

10/9

7:30

4-Oct

Initial Jobless Claims

- -

- -

- -

- -

THU

7:30

27-Sep

Continuing Claims

- -

- -

- -

- -

 

9:00

AUG

Wholesale Inventories

- -

0.40%

- -

1.40%

 

 

SEP

ICSC Chain Store Sales YoY

- -

- -

- -

1.70%

 

 

 

 

 

 

 

 

 
Note all time are CST. 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

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