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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, February 01, 2007

Trading levels and reports for Feb 2nd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
We are finishing a full week tomorrow with the monthly un-employment.
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1461.37 1838.50 12790 820.52
Resistance 2 1456.53 1827.75 12752 816.13
Resistance 1 1453.67 1815.50 12732 813.77
Pivot 1448.83 1804.75 12694 809.38
Support 1 1445.97 1792.50 12674 807.02
Support 2 1441.13 1781.75 12636 802.63
Support 3 1438.27 1769.50 12616 800.27
         
Contract  April Gold March Euro March Crude Oil March Bonds 
Resistance 3 672.73 1.3135 60.15 111 12/32
Resistance 2 669.87 1.3109 59.50 111  3/32
Resistance 1 666.43 1.3080 58.40 110 18/32
Pivot 663.57 1.3054 57.75 110  9/32
Support 1 660.13 1.3025 56.65 109 24/32
Support 2 657.27 1.2999 56.00 109 15/32
Support 3 653.83 1.2970 54.90 108 30/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Feb 2nd, 2007


Economic
08:30am Jan Unemployment Rate (last 4.5%), Change in Nonfarm Payrolls (last 167K), Change in Manufacturing Payrolls (last –12k), Average Hourly Earnings (last 0.5%), Average Weekly Hours (last 33.9)
10:00am Jan Final U. of Michigan Confidence (last 98.0), Dec Factory Orders (last 0.9%)
Events
None
Earnings
Before the Open: AXL ACI CVX CAM COT GCI HPOL ITT ERIC NYX OSK RSG R THQI VMSI WEN WHQ. After the Close: None.
 
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 1:37 PM

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