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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Wednesday December 4, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
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Below is a screen shot of the Mini SP 500 chart from today’s session.
The signals that appear are based on proprietary indicators developed by Ilan Levy-Mayer of LEVEX Capital Mgmt Inc. and VP of Cannon Trading Co, Inc.
The concept looks for exhaustion in either buying/ selling and reversal. The signals that appear on the charts are alerting you for potential buy or sell IF/ONCE price confirmation occurred. Full explanation along with chart samples included in the 23 page PDF booklets that comes with the free trial.
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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.
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS
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GOOD TRADING/
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Contract Dec. 2013 | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell | Dollar Index |
Resistance 3 | 1815.92 | 3510.42 | 16138 | 1143.57 | 81.43 |
Resistance 2 | 1808.83 | 3499.58 | 16071 | 1137.63 | 81.22 |
Resistance 1 | 1800.42 | 3487.92 | 15981 | 1130.07 | 80.92 |
Pivot | 1793.33 | 3477.08 | 15914 | 1124.13 | 80.72 |
Support 1 | 1784.92 | 3465.42 | 15824 | 1116.57 | 80.42 |
Support 2 | 1777.83 | 3454.58 | 15757 | 1110.63 | 80.21 |
Support 3 | 1769.42 | 3442.92 | 15667 | 1103.07 | 79.91 |
Contract | Feb. Gold | Mar. Silver | Jan. Crude Oil | Mar. Bonds | Dec. Euro |
Resistance 3 | 1238.0 | 1966.5 | 99.52 | 130 25/32 | 1.3721 |
Resistance 2 | 1231.9 | 1950.0 | 97.86 | 130 20/32 | 1.3668 |
Resistance 1 | 1226.8 | 1930.5 | 96.98 | 130 11/32 | 1.3630 |
Pivot | 1220.7 | 1914.0 | 95.32 | 130 6/32 | 1.3577 |
Support 1 | 1215.6 | 1894.5 | 94.44 | 129 29/32 | 1.3539 |
Support 2 | 1209.5 | 1878.0 | 92.78 | 129 24/32 | 1.3486 |
Support 3 | 1204.4 | 1858.5 | 91.90 | 129 15/32 | 1.3448 |
Contract | Dec Corn | March Wheat | Jan .Beans | Jan. SoyMeal | Jan. bean Oil |
Resistance 3 | 443.3 | 669.5 | 1339.67 | 440.77 | 40.85 |
Resistance 2 | 437.8 | 669.3 | 1332.58 | 436.33 | 40.68 |
Resistance 1 | 434.5 | 668.8 | 1326.17 | 432.57 | 40.39 |
Pivot | 429.0 | 668.5 | 1319.08 | 428.13 | 40.22 |
Support 1 | 425.8 | 668.0 | 1312.7 | 424.4 | 39.9 |
Support 2 | 420.3 | 667.8 | 1305.58 | 419.93 | 39.76 |
Support 3 | 417.0 | 667.3 | 1299.17 | 416.17 | 39.47 |
Date | 3:54pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
---|---|---|---|---|---|---|---|---|---|
WedDec 4 | 3:15am | EUR | Spanish Services PMI | 50.7 | 49.6 | ||||
3:45am | EUR | Italian Services PMI | 51.2 | 50.5 | |||||
4:00am | EUR | Final Services PMI | 50.9 | 50.9 | |||||
All Day | ALL | OPEC Meetings | |||||||
5:00am | EUR | Retail Sales m/m | 0.2% | -0.6% | |||||
EUR | Revised GDP q/q | 0.1% | 0.1% | ||||||
8:15am | USD | ADP Non-Farm Employment Change | 172K | 130K | |||||
8:30am | USD | Trade Balance | -40.3B | -41.8B | |||||
10:00am | USD | ISM Non-Manufacturing PMI | 55.4 | 55.4 | |||||
USD | New Home Sales | 432K | |||||||
Sep Data | USD | New Home Sales | 427K | 421K | |||||
10:30am | USD | Crude Oil Inventories | -0.5M | 3.0M | |||||
11:20am | USD | President Obama Speaks | |||||||
2:00pm | USD | Beige Book |
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.