Daily Support & Resistance and Economic Data to be Released, October 13th 2010
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
| Daily Support & Résistance Levels | Mini-S&P 500 Futures Dec. 10 |
Mini-Nasdaq 100 Futures Dec. 10 |
Mini-Dow Futures Dec. 10 |
Mini Russell 2000 Futures Dec.10 |
30-year US Bond Futures Dec. 10 |
10-Year US Note Futures Dec. 10 |
|---|---|---|---|---|---|---|
| Support 3 | 1151.00 | 2009.00 | 10843 | 681.70 | 13117 | 12528 |
| Support 2 | 1156.50 | 2020.00 | 10891 | 686.10 | 13209 | 12616 |
| Support 1 | 1162.75 | 2032.00 | 10946 | 691.00 | 13300 | 12626 |
| Resistance 1 | 1174.75 | 2058.75 | 11044 | 700.30 | 13314 | 12703 |
| Resistance 2 | 1181.50 | 2063.00 | 11115 | 706.60 | 13403 | 12707.5 |
| Resistance 3 | 1188.25 | 2083.00 | 11139 | 719.70 | 13412 | 12711 |
| Daily Support & Resistance Levels |
Gold Futures Dec.2010 |
Silver Futures Dec. 2010 |
Copper Futures Dec. 2010 |
Crude Oil Futures Nov. 2010 |
Euro Curr. Dec. 2010 |
Dollar Index Dec. 2010 |
| Support 3 | 1339.0 | 22.85 | 3.750 | 80.88 | 1.3768 | .7629 |
| Support 2 | 1348.0 | 23.16 | 3.771 | 81.69 | 1.3857 | .7705 |
| Support 1 | 1353.0 | 23.34 | 3.795 | 82.47 | 1.3912 | .7717 |
| Resistance 1 | 1366.0 | 23.68 | 3.841 | 82.99 | 1.4001 | .7754 |
| Resistance 2 | 1375.0 | 23.81 | 3.860 | 83.50 | 1.4026 | .7766 |
| Resistance 3 | 1391.0 | 24.09 | 3.880 | 84.43 | 1.4113 | .7778 |
Updated: 13-Oct-10 08:32 ET
This Week’s Calendar
Click on a “Release” for Insight
| Date | ET | Release | For | Actual Briefing.com | Consensus | Prior | Revised From |
|---|---|---|---|---|---|---|---|
| Oct 13 | 07:00 | MBA Mortgage Applications | 10/08 | NA | NA | -0.2% | |
| Oct 13 | 08:30 | Export Prices ex-ag. | Sep | NA | NA | 0.5% | |
| Oct 13 | 08:30 | Import Prices ex-oil | Sep | NA | NA | 0.3% | |
| Oct 13 | 14:00 | Treasury Budget | Sep | -$32.0B | -$33.5B | -$46.6B | |
| Oct 14 | 8:30 | Initial Claims | 10/09 | 450K | 450K | 445K | |
| Oct 14 | 8:30 | Continuing Claims | 10/02 | 4450K | 4450K | 4462K | |
| Oct 14 | 08:30 | PPI | Sep | 0.1% | 0.2% | 0.4% | |
| Oct 14 | 08:30 | Core PPI | Sep | 0.1% | 0.1% | 0.1% | |
| Oct 14 | 08:30 | Trade Balance | Aug | -$40.0B | -$44.5B | -$42.8B | |
| Oct 14 | 11:00 | Crude Inventories | 10/09 | NA | NA | 3.09M | |
| Oct 15 | 08:30 | CPI | Sep | 0.1% | 0.2% | 0.3% | |
| Oct 15 | 08:30 | Core CPI | Sep | 0.1% | 0.1% | 0.1% | |
| Oct 15 | 08:30 | Retail Sales | Sep | 0.2% | 0.4% | 0.4% | |
| Oct 15 | 08:30 | Retail Sales ex-auto | Sep | 0.1% | 0.4% | 0.6% | |
| Oct 15 | 08:30 | NY Fed – Empire Manufacturing Survey | Oct | 3.0 | 5.75 | 4.10 | |
| Oct 15 | 09:55 | Mich Sentiment | Oct | 67.0 | 68.5 | 68.2 | |
| Oct 15 | 10:00 | Business Inventories | Aug | 0.4% | 0.5% | 1.0% |
- MBA Purchase Applications
7:00 AM ET - Import and Export Prices
8:30 AM ET - 4-Week Bill Auction
11:30 AM ET - 10-Yr Note Auction
1:00 PM ET - Treasury Budget
2:00 PM ET - Ben Bernanke Speaks
4:10 PM ET - Jeffrey Lacker Speaks
6:45 PM ET
SEE FULL LIST HERE
13. OCT. 2010 Today´s Highlighted Splits
| SYMBOL | COMPANY | EVENT TITLE | EPS ESTIMATE | EPS ACTUAL | PREV. YEAR ACTIVITY | DATE/TIME (ET) |
|---|---|---|---|---|---|---|
| HST | Host Hotels & Resorts Inc. | Q3 2010 Host Hotels & Resorts Inc. Earnings Release | $ 0.11 | n/a | $ 0.11 | 13-Oct BMO |
| JPM | JPMorgan Chase & Co. | Q3 2010 JPMorgan Chase & Co. Earnings Release | $ 0.90 | n/a | $ 0.82 | 13-Oct 7:00 AM |
| APOL | Apollo Group | Q4 2010 Apollo Group Earnings Release | $ 1.30 | n/a | $ 1.06 | 13-Oct AMC |
| ACGY | Acergy S.A. | Q3 2010 Acergy S.A. Earnings Release | $ 0.28 | n/a | $ 0.29 | 13-Oct |
| MTOX | MEDTOX Scientific, Inc. | Q3 2010 MEDTOX Scientific, Inc. Earnings Release | $ 0.13 | n/a | $ 0.09 | 13-Oct 6:00 AM |
| TESS | TESSCO | Q2 2011 TESSCO Earnings Release | $ 0.44 | n/a | $ 0.51 | 13-Oct AMC |
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!
Disclaimer:
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 FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY 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 ACCONTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
Please read the FULL DISCLAIMER at the the end of this message. These are risky markets and it is important that you will be aware of all risks of trading futures and limitations of hypothetical trading.
Disclaimer:
1. Obviously in less liquid markets, fills from market orders may vary, but the stops should not be altered.
2. Final calculations do not include slippage.
3. The NFA requires us to state and I fully agree that “HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OF LOSSES SIMILAR TO THOSE SHOWN.”
4. These are NOT trading recommendations unless we discuss it together. They are intended only as potential trade ideas based on the market’s own performance in the past, but past performance is not necessarily indicative of future results. Futures trading involves substantial risk of loss.
5. For prospects who are not trading through me, you are receiving this as my way of trying to gain your business. Sooner or later I will reserve this service for CLIENTS ONLY. Also keep in mind, that only clients get the intraday alerts when and if they occur.
6. Each one of you is different. You have different risk tolerance, different account size and different trading experience. Unless we speak on a one on one basis, I recommend treating this e-mail as trade ideas only.
