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

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, October 13, 2008

Futures Trading levels and Economic reports for Oct. 14th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Maybe the biggest one day rally in history % wise? Not sure...but SP500 was up 14% on a steady up day and about 3.5 mil contracts traded on the e-mini.
 
Main difference between todays' rally and last week sell off is that the rally was pretty much in an orderly manner....no wild swings, no crazy intra day volatility, while last week sell off days were characterized with LARGE intraday swings and extreme intraday volatility.
 
Make it a good trading week!
 
 
 
LEVELS:
 
Contract (Dec. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1128.50 1645.00 10507 641.93
Resistance 2 1073.00 1552.00 10003 609.37
Resistance 1 1045.00 1505.00 9752 590.93
Pivot 989.50 1412.00 9248 558.37
Support 1 961.50 1365.00 8997 539.93
Support 2 906.00 1272.00 8493 507.37
Support 3 878.00 1225.00 8242 488.93
         
Contract  Dec Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 914.93            1.3941 86.20 118  9/32
Resistance 2 894.97            1.3820 84.36 117 14/32
Resistance 1 864.43            1.3717 83.13 116  5/32
Pivot 844.47            1.3596 81.29 115 11/32
Support 1 813.93            1.3493 80.06 114  2/32
Support 2 793.97            1.3372 78.22 113  7/32
Support 3 763.43            1.3269 76.99 111 30/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

10/14

9:00

OCT

IBD/TIPP Economic Optimism

- -

- -

- -

45.8

TUE

13:00

SEP

Monthly Budget Statement

- -

- -

- -

- -

 

16:00

12-Oct

ABC Consumer Confidence

- -

- -

- -

- -

 
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 1:18 PM

0 Comments:

Post a Comment

<< Home