Cannon Trading Co. Inc.
We believe. The next frontier in futures trading.
Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for our Email Newsletter
For Email Marketing you can trust

Cannon Trading Futures Blog: Daily Support and Resistance Levels: Archive

Previous Posts

Futures Blog - Cannon Trading Daily Support and Resistance Levels

Powered by Blogger

Cannon Trading Futures Blog: Daily Support and Resistance Levels - RSS Feed

Wednesday, February 08, 2006

Trading levels and reports for Feb. 9th

Dear Trader,
 

Market held support several times today and finally turned around to make a nice rally.

 

If we can break above 1270.50 which is the day session high from Feb. 6th then the door is open for a rally back into 1290’s.

 

Daily chart is still bearish while the hourly chart is now turning into mildly bullish. As always, be nimble and ready for what the market has to give you.

 
LEVELS:
 
Contract (March 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1284.43 1703.33 11025.00 735.90
Resistance 2 1276.97 1691.67 10955.00 730.20
Resistance 1 1272.73 1683.83 10915.00 726.70
Pivot 1265.27 1672.17 10845.00 721.00
Support 1 1261.03 1664.33 10805.00 717.50
Support 2 1253.57 1652.67 10735.00 711.80
Support 3 1249.33 1644.83 10695.00 708.30
         
Contract (March 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.7498 1.2045 108 16/32 113 16/32
Resistance 2 1.7471 1.2020 108 12/32 113  9/32
Resistance 1 1.7433 1.1994 108  6/32 112 29/32
Pivot 1.7406 1.1969 108  2/32 112 22/32
Support 1 1.7368 1.1943 107 28/32 112 10/32
Support 2 1.7341 1.1918 107 24/32 112  3/32
Support 3 1.7303 1.1892 107 18/32 111 23/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, February 09, 2006

Economic
07:00am BoE Rate Announcement
08:30am Initial Jobless Claims (last 273K)
10:00am Dec Wholesale Inventories (last 0.4%)
10:30am Natural Gas Inventories
01:00pm Treasury's 30-year Bond Auction results
Events
Cellular, Tissue and Gene Therapies Advisory Committee through 2/10 at 8:00am. Drug Safety and Risk Management Advisory Committee through 2/10 at 8:00am. Fed's Moskow speaks on Economic Outlook in Chicago at 1:00pm. Merrill Lynch Global Pharmaceutical/Biotech/Medical Device Conference in NYC through 2/9. Citigroup 2006 Retail Conference and Field Trip in Miami through 2/9.
Earnings
Before the Open: ACET AET AG AGYS UHAL AIV ARJ AIZ AN BECN BLC BWA BG CSL BOT CCE CTSH CFSI CNMD CXW DJO DRS DRRA ELNK HGSI JJZ KSWS LUFK MAR MBI MDTH MGPI TAP NFX OHB OSIS PMTI QCCO RTIX SKYW KNOT TOC TBL TLGD ULBI WW. After the Close: AW AMLN ADI AOC ATAR BSTE BORL BYD CDIC CEM CORI CW CYT GXP SRVY LGF LOOK MET MOBE NFS NFI NUAN OO OSUR PNRA SNDS SNRR TQNT TZIX ULTI UNTD UTSI WMGI.
 
Note all time are EST. 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!

posted by Cannon Trading at 1:12 PM

0 Comments:

Post a Comment

<< Home