Trading levels and reports for Feb. 14th
Dear Trader,
Looks like we may get stuck for a bit here in a price range. Looking at 1273 and 1257 as a possible price range on the SP.
LEVELS:
| Contract (March 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1277.93 | 1680.50 | 11052.67 | 724.08 |
| Resistance 2 | 1273.47 | 1671.50 | 11005.33 | 720.67 |
| Resistance 1 | 1269.73 | 1662.00 | 10959.67 | 716.83 |
| Pivot | 1265.27 | 1653.00 | 10912.33 | 713.42 |
| Support 1 | 1261.53 | 1643.50 | 10866.67 | 709.58 |
| Support 2 | 1257.07 | 1634.50 | 10819.33 | 706.17 |
| Support 3 | 1253.33 | 1625.00 | 10773.67 | 702.33 |
| Contract (March 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.7541 | 1.1981 | 108 5/32 | 112 27/32 |
| Resistance 2 | 1.7493 | 1.1958 | 108 1/32 | 112 22/32 |
| Resistance 1 | 1.7458 | 1.1943 | 107 30/32 | 112 17/32 |
| Pivot | 1.7410 | 1.1920 | 107 26/32 | 112 12/32 |
| Support 1 | 1.7375 | 1.1905 | 107 23/32 | 112 7/32 |
| Support 2 | 1.7327 | 1.1882 | 107 19/32 | 112 2/32 |
| Support 3 | 1.7292 | 1.1867 | 107 16/32 | 111 29/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, February 14, 2006
Economic
08:30am Jan Advance Retail Sales (last 0.7%), Retail Sales Less Autos (last 0.2%), Dec Business Inventories (last 0.5%)
Events
ICSC/UBSW Chain Store Sales (7:45, last 3.3%). Redbook Retail Sales (8:55, last 3.3%). UBS Global Healthcare Services Conference in NYC through 2/15. Lehman Industrial Select Conference in Miami through 2/16. Merrill Lynch Insurance Conference in NYC through 2/16. Fed Nominees Kroszner and Warsh testify in confirmation hearing at 10:00am. Fed's Fisher speaks on Globalization in AR at 12:45pm. Fed's Lacker speaks on Transition at Fed in WV at 7:00pm. LTC replaces LIN in S&P SmallCap 600 after the close of trading. ABC Consumer Confidence (last -13).
Earnings
Before the Open: LEND EYE AEE RATE DE DQE EXPD N JAKK JAH MMC MAS MNTA NRP NSS OMC PENN PLA Q SCHS TRAD RIG UAG UMC WMG WMI WSO. After the Close: ANF ACAS BCSI CSCD CEPH DADE FTI FCN IM INTL ITRI LVS LZB NBP ORCC OSI PLAB PRAA STR RCRC RNWK SNDS SIAL STAK VLCM.
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 1:25 PM
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