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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, February 20, 2007

Trading levels and reports for Feb. 20th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Hope everyone enjoyed their long weekend. Short trading week with only 4 days of trading left. Wednesday and Thursday will be packed with economic reports. Good trading to all of you.
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1465.70 1844.33 12821 831.00
Resistance 2 1462.60 1837.67 12805 825.55
Resistance 1 1460.70 1832.83 12797 822.40
Pivot 1457.60 1826.17 12781 816.95
Support 1 1455.70 1821.33 12773 813.80
Support 2 1452.60 1814.67 12757 808.35
Support 3 1450.70 1809.83 12749 805.20
         
Contract  April Gold March Euro March Crude Oil March Bonds 
Resistance 3 681.13 1.3229 61.54 112  7/32
Resistance 2 677.07 1.3197 60.50 112  1/32
Resistance 1 674.93 1.3176 59.94 111 24/32
Pivot 670.87 1.3144 58.90 111 18/32
Support 1 668.73 1.3123 58.34 111  9/32
Support 2 664.67 1.3091 57.30 111  3/32
Support 3 662.53 1.3070 56.74 110 26/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Feb 20th, 2007


Economic
None
Events
ABC Consumer Confidence (last -3). EDS, UFI analyst meeting. Fed's Bies speaks on Mortgage Risks in NC at 10:30am.
Earnings
Before the Open: AT AMED AMT AMWD ANSS BYD BBW CBRL CRY ELN EVVV FE FOSL GPC HD IFLO IN ITRN BABY NFI OMM OPTN ORBK MALL SINT SPSX UTHR UNFI VDSI VTAL WMT WST WLK. After the Close: RNT AMSG ANSW ANSR BTUI CRI CENX CHE CROX DTSI EPIQ EQY HVT HPQ MDT MCRI NUVA ODSY PNSN PWAV ZZ STEC TXRH UPL VTR.
 
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. 
 

posted by Cannon Trading at 6:11 AM

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