Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
February is almost out.....Busy day tomorrow, hope everyone will enjoy a good trading day.
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1470.53 | 1884.00 | 12793 | 843.08 |
| Resistance 2 | 1465.07 | 1869.25 | 12755 | 837.17 |
| Resistance 1 | 1458.83 | 1853.50 | 12705 | 831.13 |
| Pivot | 1453.37 | 1838.75 | 12667 | 825.22 |
| Support 1 | 1447.13 | 1823.00 | 12617 | 819.18 |
| Support 2 | 1441.67 | 1808.25 | 12579 | 813.27 |
| Support 3 | 1435.43 | 1792.50 | 12529 | 807.23 |
| | | | | |
| Contract | April Gold | March Euro | April Crude Oil | March Bonds |
| Resistance 3 | 698.87 | 1.3263 | 62.98 | 112 26/32 |
| Resistance 2 | 695.33 | 1.3237 | 62.36 | 112 17/32 |
| Resistance 1 | 692.57 | 1.3216 | 61.88 | 112 12/32 |
| Pivot | 689.03 | 1.3190 | 61.26 | 112 3/32 |
| Support 1 | 686.27 | 1.3169 | 60.78 | 111 30/32 |
| Support 2 | 682.73 | 1.3143 | 60.16 | 111 21/32 |
| Support 3 | 679.97 | 1.3122 | 59.68 | 111 16/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Feb 27th, 2007
Economic
08:30 Jan Durable Goods Orders (last 2.9%), Ex Transportation (last 2.7%)
09:00 Dec S&P Case/Shiller Home Price (last 204.4)
10:00 Feb Consumer Confidence (last 110.3), Feb Richmond Fed Manufacturing Index (last –11), Jan Existing Home Sales
Events
ICSC/UBSW Chain Store Sales (7:45, last 0.1%). Redbook Retail Sales (8:55, last 2.9%). ABC Consumer Confidence (last +1). Vaccines and Related Biological Products Advisory Committee 8:00AM. Bear Stearns Retail Restaurants and Consumers Conference. Bear Stearns Healthcare Conference. CSFB Networking Comm Equipment & Opticals Conference. Goldman Sachs Technology Investment Symposium. Fed's Fisher speaks on Texas Economy 8:15PM Trades Ex-dividend: HAL $0.075 LTD
Earnings
Before the Open: ASTE AZO BBG BBI CSE CBS CDI CMED CZN CTCO CXR CTCM RRD DYN EP EXR FD FST FWLT FDP FTO GEO HANS HET HSII HNZ VTIV LKQX MGA MCGC MSA MTCT NIHD OSG PEI PFGC PNCL QLTY RSH RRI RDC SAFM SHMR SIRI SAH SGY SCMR TGT THC TWGP TUES TXU VIAC VNO WRES WCI. After the Close: ALO ADBL JRJC CNO DECK DWA DY EDR EAGL GIVN GSIG HGSI KCP LEAP XPRT NVTL NUVO OPTM ORLY PZZA PSA SFNT SEAB SVR TMTA URS WPI WNR WLL WYNN.
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.
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