Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Like we wrote yesterday, a break above 1454-1456 will trigger new high, which it did. Now what? Stay flexible, stay nimble and don't get married to your market view or position as things can get volatile.
Levels to watch for are 1461.50 (todays high) and 1456.00
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1474.97 | 1859.67 | 12907 | 827.17 |
| Resistance 2 | 1468.13 | 1842.83 | 12845 | 824.23 |
| Resistance 1 | 1463.67 | 1832.67 | 12808 | 819.87 |
| Pivot | 1456.83 | 1815.83 | 12746 | 816.93 |
| Support 1 | 1452.37 | 1805.67 | 12709 | 812.57 |
| Support 2 | 1445.53 | 1788.83 | 12647 | 809.63 |
| Support 3 | 1441.07 | 1778.67 | 12610 | 805.27 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 682.40 | 1.3328 | 60.68 | 112 7/32 |
| Resistance 2 | 679.40 | 1.3250 | 59.94 | 111 22/32 |
| Resistance 1 | 675.70 | 1.3199 | 58.97 | 111 11/32 |
| Pivot | 672.70 | 1.3121 | 58.23 | 110 26/32 |
| Support 1 | 669.00 | 1.3070 | 57.26 | 110 15/32 |
| Support 2 | 666.00 | 1.2992 | 56.52 | 109 30/32 |
| Support 3 | 662.30 | 1.2941 | 55.55 | 109 19/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Feb 15th, 2007
Economic
08:30am Initial Jobless Claims (last 311K), Feb Import Price Index (last 1.1%), Empire Manufacturing (last 9.1)
09:00am Dec Net Long-term TIC Flows (last $68.4B)
09:15am Jan Industrial Production (last 0.4%), Capacity Utilization (last 81.8%)
10:30am Natural Gas Inventories
11:00am Treasury's 2-year and 5-year Note funding announcements
12:00pm Feb Philadelphia Fed (last 8.3)
01:00pm Feb NAHB Housing Market Index (last 35)
Events
Fed's Bernanke gives same testimony as day before in front of House Panel at 10:00am. Fed's Poole speaks in Nebraska at 1:15pm. Merrill Lynch Insurance conference in NYC through 2/15. Credit Suisse Storage conference in Boston through 2/15. BB&T Capital Markets Transportation Services conference in Miami through 2/16. Trades Ex-dividend: MCO $0.08, ROK $0.29.
Earnings
Before the Open: AAP A ALXN AEE ARB AVCI BHI B BIIB BBW CTL CSK XEC CRYP ECA EXPE FLA FCL FCN GTIV HC HPY HOS HUN INCY JAH LH LTM LUFK MKSI TAP NCI NSTC NWN ZEUS PDS RS POOL SPAR STFC SSYS STRA ELOS THOR TRAD TRXI ULBI VG. During Trading Hours: COG. After the Close: AW AMMD AQNT ARBX ARRS ARTC BOBE BFAM BUCY BWLD CPKI CAPA CECO CBOU CNTF CMG CYH DRTE DENN DITC HITT IM INTL LAD LOOK LTXX MHK NANO NTGR NHWK LGBT PYX POWI PSYS QDEL RADS RARE RYI SNIC SONO STMP TTMI USTR UHCO WMGI ZGEN.
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!
Sincerely,
Ilan Levy-Mayer, M.B.A
Vice President
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* 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.
0 Comments:
Post a Comment
<< Home