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Cannon Trading Futures Blog: Daily Support and Resistance Levels

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Tuesday, September 30, 2008

Futures Trading levels and Economic reports for Oct. 1st

 
*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.
 

posted by Cannon Trading at 1:02 PM 0 comments

Monday, September 29, 2008

Futures Trading levels and Economic reports for Sept. 30th

 
*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