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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, October 14, 2008

Futures Trading levels and Economic reports for October 15th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
The market is trying to find its "comfort zone" for now after the wild swings we had the last week.
 
Looks like the 1000 level on the SP500 is that area for now but tomorrows economic reports may change that quickly.
 
Good trading!
 
 
 
LEVELS:
 
Contract (Dec. 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1102.00 1548.33 10532 654.50
Resistance 2 1080.00 1511.67 10193 626.90
Resistance 1 1019.00 1453.33 9777 593.20
Pivot 997.00 1416.67 9438 565.60
Support 1 936.00 1358.33 9022 531.90
Support 2 914.00 1321.67 8683 504.30
Support 3 853.00 1263.33 8267 470.60
         
Contract  Dec Gold Dec. Euro Nov. Crude Oil Dec. Bonds 
Resistance 3 877.20            1.3924 89.82 116 19/32
Resistance 2 867.30            1.3850 87.32 116     
Resistance 1 853.40            1.3748 83.30 115     
Pivot 843.50            1.3674 80.80 114 14/32
Support 1 829.60            1.3572 76.78 113 14/32
Support 2 819.70            1.3498 74.28 112 27/32
Support 3 805.80            1.3396 70.26 111 27/32
 
REPORTS (CST): Provided by MF Global Research
 

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

10/15

6:00

10-Oct

MBA Mortgage Applications

- -

- -

- -

- -

WED

6:00

OCT

Bloomberg Global Confidence

- -

- -

- -

11.25

 

7:30

SEP

Producer Price Index (MoM)

- -

- -

- -

-0.90%

 

7:30

SEP

PPI Ex Food & Energy (MoM)

- -

- -

- -

0.20%

 

7:30

SEP

Producer Price Index (YoY)

- -

- -

- -

9.60%

 

7:30

SEP

PPI Ex Food & Energy (YoY)

- -

- -

- -

3.60%

 

7:30

SEP

Advance Retail Sales

- -

- -

- -

-0.30%

 

7:30

SEP

Retail Sales Less Autos

- -

- -

- -

-0.70%

 

7:30

OCT

Empire Manufacturing

- -

- -

- -

-7.4

 

9:00

AUG

Business Inventories

- -

- -

- -

1.10%

 

13:00

15-Oct

Fed's Beige Book

 

 

 

 

 
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 1:21 PM

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