Futures Trading levels and Economic reports for Nov. 21st

noreply@blogger.com (Cannon Trading) — Thu, 20 Nov 2008 21:07:00 +0000

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

New lows on more than 4.4 MIL e-minis volume.

727 is the next projected support and with Nov. options expiration day tomorrow, I expect another volatile, crazy day.

What ever it is, even if you had a bad trading day, make sure you survive to trade another day and DO NOT risk your whole account on one single trading day!!!

LEVELS:

Contract (Dec. 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	873.00	1180.50	8652	442.57
Resistance 2	846.50	1147.75	8413	430.13
Resistance 1	798.00	1096.75	7977	406.57
Pivot	771.50	1064.00	7738	394.13
Support 1	723.00	1013.00	7302	370.57
Support 2	696.50	980.25	7063	358.13
Support 3	648.00	929.25	6627	334.57

Contract	Dec Gold	Dec. Euro	Dec. Crude Oil	Dec. Bonds
Resistance 3	776.33	1.2690	57.31	134 12/32
Resistance 2	764.87	1.2637	55.56	131 1/32
Resistance 1	755.53	1.2549	52.14	129 8/32
Pivot	744.07	1.2496	50.39	125 29/32
Support 1	734.73	1.2408	46.97	124 5/32
Support 2	723.27	1.2355	45.22	120 26/32
Support 3	713.93	1.2267	41.80	119 1/32

REPORTS (CST): Provided by MF Global Research

DATE

CST

PERIOD

RELEASE

MFGR

MED

RANGE

PREV

NONE Friday.

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.

Futures Trading levels and Economic reports for Nov. 20th

noreply@blogger.com (Cannon Trading) — Wed, 19 Nov 2008 21:09:00 +0000