Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Wishing you a great trading month in October!
LEVELS:
| Contract (Dec. 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1228.33 | 1700.33 | 11491 | 742.50 |
| Resistance 2 | 1201.67 | 1653.67 | 11190 | 716.60 |
| Resistance 1 | 1185.33 | 1623.33 | 11027 | 699.30 |
| Pivot | 1158.67 | 1576.67 | 10726 | 673.40 |
| Support 1 | 1142.33 | 1546.33 | 10563 | 656.10 |
| Support 2 | 1115.67 | 1499.67 | 10262 | 630.20 |
| Support 3 | 1099.33 | 1469.33 | 10099 | 612.90 |
| | | | | |
| Contract | Dec Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance 3 | 966.80 | 1.4781 | 112.86 | 122 7/32 |
| Resistance 2 | 943.50 | 1.4624 | 107.30 | 121 4/32 |
| Resistance 1 | 906.70 | 1.4375 | 104.48 | 119 2/32 |
| Pivot | 883.40 | 1.4218 | 98.92 | 117 31/32 |
| Support 1 | 846.60 | 1.3969 | 96.10 | 115 29/32 |
| Support 2 | 823.30 | 1.3812 | 90.54 | 114 26/32 |
| Support 3 | 786.50 | 1.3563 | 87.72 | 112 24/32 |
REPORTS (CST): Provided by MF Global Research
| DATE | CST | PERIOD | RELEASE | MFGR | MED | RANGE | PREV |
| 10/1 | | SEP | Total Vehicle Sales | - - | - - | - - | 13.7M |
| WED | 6:00 | 26-Sep | MBA Mortgage Applications | - - | - - | - - | - - |
| | 6:30 | SEP | Challenger Job Cuts YoY | - - | - - | - - | 11.70% |
| | 7:15 | SEP | ADP Employment Change | - - | - - | - - | -33K |
| | 9:00 | SEP | ISM Manufacturing | - - | - - | - - | 49.9 |
| | 9:00 | AUG | Construction Spending MoM | - - | - - | - - | -0.60% |
| | 9:00 | SEP | ISM Prices Paid | - - | - - | - - | 77 |
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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
This is the largest decline I have personally seen in stock market since I became a broker in 1998. The volatility is huge and price movements are extreme and fast. The only advice I can give is to be EXTRA SELECTIVE in the trades you take. it is so easy to get tempted tp pull the trigger but if you don't have a plan as far as entry, risk and target you will be probably get "scared" out of your trade very easily.
Survival is the name of the game during times like these.
On a whole different note: Happy Jewish New year! Shana Tova!
LEVELS:
| Contract (Dec. 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1261.00 | 1750.00 | 11807 | 747.33 |
| Resistance 2 | 1229.60 | 1699.00 | 11503 | 727.67 |
| Resistance 1 | 1177.30 | 1602.00 | 11016 | 689.13 |
| Pivot | 1145.90 | 1551.00 | 10712 | 669.47 |
| Support 1 | 1093.60 | 1454.00 | 10225 | 630.93 |
| Support 2 | 1062.20 | 1403.00 | 9921 | 611.27 |
| Support 3 | 1009.90 | 1306.00 | 9434 | 572.73 |
| | | | | |
| Contract | Dec Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance 3 | 1000.87 | 1.4955 | 115.24 | 125 28/32 |
| Resistance 2 | 966.43 | 1.4796 | 111.07 | 123 14/32 |
| Resistance 1 | 941.07 | 1.4630 | 103.37 | 121 21/32 |
| Pivot | 906.63 | 1.4471 | 99.20 | 119 7/32 |
| Support 1 | 881.27 | 1.4305 | 91.50 | 117 14/32 |
| Support 2 | 846.83 | 1.4146 | 87.33 | 115 |
| Support 3 | 821.47 | 1.3980 | 79.63 | 113 7/32 |
REPORTS (CST): Provided by MF Global Research
| DATE | CST | PERIOD | RELEASE | MFGR | MED | RANGE | PREV |
| 9/30 | 8:00 | JUL | S&P/CaseShiller Home Price Ind | - - | - - | - - | 167.7 |
| TUE | 8:00 | JUL | S&P/CS Composite-20 YoY | - - | - - | - - | -15.90% |
| | 8:45 | SEP | Chicago Purchasing Manager | - - | - - | - - | 57.9 |
| | 9:00 | SEP | Consumer Confidence | - - | - - | - - | 56.9 |
| | 9:00 | SEP | NAPM-Milwaukee | - - | - - | - - | 43 |
| | 16:00 | 28-Sep | ABC Consumer Confidence | - - | - - | - - | - - |
| | | SEP | Domestic Vehicle Sales | - - | - - | - - | 10.4M |
| |
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.
Good Morning-
| Daily Support & Résistance Levels | Mini-S&P 500 Futures Dec. 08 | Mini-Nasdaq 100 Futures Dec. 08 | Mini-Dow Futures Dec. 08 | Mini Russell 2000 Futures Dec. 08 | 30-year US Bond Futures Dec. 08 | 10-Year US Note Futures Dec. 08 |
| Support 3 | 1158.00 | 1585.00 | 10750 | 666.00 | 11628.5 | 11419 |
| Support 2 | 1172.00 | 1612.00 | 10825 | 677.30 | 11712 | 11431.5 |
| Support 1 | 1180.25 | 1630.00 | 10922 | 685.00 | 11801 | 11505 |
| Résistance 1 | 1208.00 | 1662.00 | 11082 | 705.10 | 11902 | 11521 |
| Résistance 2 | 1226.50 | 1682.00 | 11185 | 715.80 | 11931.5 | 11602 |
| Résistance 3 | 1235.75 | 1714.00 | 11288 | 725.30 | 12017.5 | 11622 |
Updated: 29-Sep-08 08:33 ET
This Week's Calendar
Click on a "Release" for Insight
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!
Sincerely,
Yahoo IM: ilanlevy1970
Tel: 800-454-9572
Int'l: 310-859-9572
Fax 310-859-0547
Mailing Address: 9301 Wilshire Blvd. Suite #515
Beverly Hills, Ca 90210
"The finest compliment I can receive is a referral from a trusted client."
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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
LEVELS:
| Contract (Dec. 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1257.83 | 1749.00 | 11490 | 726.13 |
| Resistance 2 | 1241.17 | 1732.00 | 11311 | 718.77 |
| Resistance 1 | 1227.33 | 1707.50 | 11159 | 710.73 |
| Pivot | 1210.67 | 1690.50 | 10980 | 703.37 |
| Support 1 | 1196.83 | 1666.00 | 10828 | 695.33 |
| Support 2 | 1180.17 | 1649.00 | 10649 | 687.97 |
| Support 3 | 1166.33 | 1624.50 | 10497 | 679.93 |
| | | | | |
| Contract | Dec Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance 3 | 935.57 | 1.4940 | 115.20 | 118 27/32 |
| Resistance 2 | 919.53 | 1.4853 | 111.94 | 118 3/32 |
| Resistance 1 | 900.87 | 1.4736 | 109.75 | 117 18/32 |
| Pivot | 884.83 | 1.4649 | 106.49 | 116 26/32 |
| Support 1 | 866.17 | 1.4532 | 104.30 | 116 9/32 |
| Support 2 | 850.13 | 1.4445 | 101.04 | 115 17/32 |
| Support 3 | 831.47 | 1.4328 | 98.85 | 115 |
REPORTS (CST): Provided by MF Global Research
| DATE | CST | PERIOD | RELEASE | MFGR | MED | RANGE | PREV |
| 9/26 | 7:30 | 2Q F | GDP QoQ (Annualized) | - - | - - | - - | 3.30% |
| FRI | 7:30 | 2Q F | Personal Consumption | - - | - - | - - | 1.70% |
| | 7:30 | 2Q F | GDP Price Index | - - | - - | - - | 1.20% |
| | 7:30 | 2Q F | Core PCE QoQ | - - | - - | - - | 2.10% |
| | 9:00 | SEP F | U. of Michigan Confidence | - - | - - | - - | 73.1 |
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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Choppy, wierd trading day after a few days of strong, volatile trending moves.
I am going to guess we will see a break out of either below 1180 or above 1200 tomorrow which may signal the next short term direction.
Good Trading!
LEVELS:
| Contract (Dec. 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1221.63 | 1718.33 | 11297 | 727.57 |
| Resistance 2 | 1210.07 | 1700.67 | 11169 | 720.63 |
| Resistance 1 | 1203.13 | 1685.33 | 11007 | 709.27 |
| Pivot | 1191.57 | 1667.67 | 10879 | 702.33 |
| Support 1 | 1184.63 | 1652.33 | 10717 | 690.97 |
| Support 2 | 1173.07 | 1634.67 | 10589 | 684.03 |
| Support 3 | 1166.13 | 1619.33 | 10427 | 672.67 |
| | | | | |
| Contract | Dec Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance 3 | 930.47 | 1.4836 | 112.87 | 119 5/32 |
| Resistance 2 | 919.13 | 1.4788 | 111.19 | 118 20/32 |
| Resistance 1 | 903.07 | 1.4706 | 108.17 | 117 28/32 |
| Pivot | 891.73 | 1.4658 | 106.49 | 117 10/32 |
| Support 1 | 875.67 | 1.4576 | 103.47 | 116 18/32 |
| Support 2 | 864.33 | 1.4528 | 101.79 | 116 1/32 |
| Support 3 | 848.27 | 1.4446 | 98.77 | 115 9/32 |
REPORTS (CST): Provided by MF Global Research
| DATE | CST | PERIOD | RELEASE | MFGR | MED | RANGE | PREV |
| 9/18 | 7:30 | 13-Sep | Initial Jobless Claims | - - | 440K | - - | 445K |
| THU | 7:30 | 6-Sep | Continuing Claims | - - | - - | - - | 3525K |
| | 9:00 | SEP | Philadelphia Fed. | - - | -10 | -15 - -5 | -12.7 |
| | 9:00 | AUG | Leading Indicators | - - | -0.20% | -.5% - +.3% | -0.70% |
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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
A break below 1180 can trigger a visit of lows made last week. Either way, expect heightened volatility.
LEVELS:
| Contract (Dec. 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1248.03 | 1724.33 | 11407 | 742.60 |
| Resistance 2 | 1235.27 | 1712.67 | 11276 | 734.70 |
| Resistance 1 | 1211.53 | 1691.33 | 11093 | 719.40 |
| Pivot | 1198.77 | 1679.67 | 10962 | 711.50 |
| Support 1 | 1175.03 | 1658.33 | 10779 | 696.20 |
| Support 2 | 1162.27 | 1646.67 | 10648 | 688.30 |
| Support 3 | 1138.53 | 1625.33 | 10465 | 673.00 |
| | | | | |
| Contract | Dec Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance 3 | 945.33 | 1.4981 | 115.20 | 119 1/32 |
| Resistance 2 | 930.27 | 1.4894 | 112.39 | 118 14/32 |
| Resistance 1 | 915.13 | 1.4784 | 109.67 | 117 28/32 |
| Pivot | 900.07 | 1.4697 | 106.86 | 117 9/32 |
| Support 1 | 884.93 | 1.4587 | 104.14 | 116 23/32 |
| Support 2 | 869.87 | 1.4500 | 101.33 | 116 4/32 |
| Support 3 | 854.73 | 1.4390 | 98.61 | 115 18/32 |
REPORTS (CST): Provided by MF Global Research
| DATE | CST | PERIOD | RELEASE | MFGR | MED | RANGE | PREV |
| 9/24 | 6:00 | 19-Sep | MBA Mortgage Applications | - - | - - | - - | - - |
| WED | 9:00 | AUG | Existing Home Sales | - - | - - | - - | 5.00M |
| | 9:00 | AUG | Existing Home Sales MoM | - - | - - | - - | 3.10% |
| | | | | | | | |
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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Today's down price action "closed the gap" that was created between the close of the 18th and the open of the 19th (I am referring to what we call "day" trading session, i.e. trading hours that corresponds to the cash open).
Technically we are now sitting at a junction, either the rally of Thursday-Friday from last week will resume, or the selling pressure of early last week will continue.
1232 is major resistance above the market and 1196 major support below the market.
Have a good trading week!
LEVELS:
| Contract (Dec. 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1285.47 | 1804.33 | 11701 | 779.17 |
| Resistance 2 | 1267.73 | 1775.67 | 11546 | 766.03 |
| Resistance 1 | 1240.77 | 1722.33 | 11306 | 741.97 |
| Pivot | 1223.03 | 1693.67 | 11151 | 728.83 |
| Support 1 | 1196.07 | 1640.33 | 10911 | 704.77 |
| Support 2 | 1178.33 | 1611.67 | 10756 | 691.63 |
| Support 3 | 1151.37 | 1558.33 | 10516 | 667.57 |
| | | | | |
| Contract | Dec Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance 3 | 973.87 | 1.5379 | 120.47 | 120 14/32 |
| Resistance 2 | 943.83 | 1.5112 | 115.46 | 119 14/32 |
| Resistance 1 | 926.27 | 1.4948 | 112.00 | 118 14/32 |
| Pivot | 896.23 | 1.4681 | 106.99 | 117 14/32 |
| Support 1 | 878.67 | 1.4517 | 103.53 | 116 14/32 |
| Support 2 | 848.63 | 1.4250 | 98.52 | 115 14/32 |
| Support 3 | 831.07 | 1.4086 | 95.06 | 114 14/32 |
REPORTS (CST): Provided by MF Global Research
| DATE | CST | PERIOD | RELEASE | MFGR | MED | RANGE | PREV |
| 9/23 | 9:00 | SEP | Richmond Fed Manufact. Index | - - | - - | - - | -16 |
| TUE | 9:00 | JUL | House Price Index MoM | - - | - - | - - | 0.00% |
| | 16:00 | 21-Sep | 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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
A wild, volatile week in so many markets! Not much to say and in this case a picture is worth a 1000 words.....below is an hourly chart of the SP500 (pit session only) going back a little more than a week. We had 150 points range on the SP in 2 days!!!
Enjoy the weekend, clear your head from this trading week and be ready for the next one.
LEVELS:
| Contract (Dec. 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1313.33 | 1835.33 | 12307 | 801.17 |
| Resistance 2 | 1296.67 | 1811.67 | 11959 | 776.83 |
| Resistance 1 | 1271.33 | 1772.33 | 11657 | 764.67 |
| Pivot | 1254.67 | 1748.67 | 11309 | 740.33 |
| Support 1 | 1229.33 | 1709.33 | 11007 | 728.17 |
| Support 2 | 1212.67 | 1685.67 | 10659 | 703.83 |
| Support 3 | 1187.33 | 1646.33 | 10357 | 691.67 |
| | | | | |
| Contract | Dec Gold | Dec. Euro | Oct. Crude Oil | Dec. Bonds |
| Resistance 3 | 948.67 | 1.4910 | 111.04 |
