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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, February 22, 2007

Trading levels and reports for Feb. 23rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Extremely light day tomorrow as far as reports are concerned. Personally I expect a choppy day with light volume.
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1476.70 1882.00 12888 841.60
Resistance 2 1470.60 1869.50 12836 836.55
Resistance 1 1464.90 1862.00 12770 833.90
Pivot 1458.80 1849.50 12718 828.85
Support 1 1453.10 1842.00 12652 826.20
Support 2 1447.00 1829.50 12600 821.15
Support 3 1441.30 1822.00 12534 818.50
         
Contract  April Gold March Euro April Crude Oil March Bonds 
Resistance 3 691.43 1.3228 63.05 111 30/32
Resistance 2 688.07 1.3193 62.15 111 22/32
Resistance 1 685.53 1.3165 61.55 111 12/32
Pivot 682.17 1.3130 60.65 111  4/32
Support 1 679.63 1.3102 60.05 110 26/32
Support 2 676.27 1.3067 59.15 110 18/32
Support 3 673.73 1.3039 58.55 110  8/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Feb 23rd, 2007


Economic
None
Events
Orthopaedic and Rehabilitation Devices Panel of the Medical Devices Advisory Committee meets at 8:00am. Trading Ex-split: TRMB 2-1. Trades Ex-dividend: HON $0.25, JNJ $0.375.
Earnings
Before the Open: CSAR CCU CCO CTV DPZ HTV JRT LOW MCCC GAS PAA WRI. After the Close: GMRK.
 
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 1:19 PM

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