Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
LEVELS:
| Contract (March 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1462.73 | 1836.33 | 12771 | 822.17 |
| Resistance 2 | 1458.77 | 1822.67 | 12741 | 817.83 |
| Resistance 1 | 1455.73 | 1812.33 | 12719 | 815.67 |
| Pivot | 1451.77 | 1798.67 | 12689 | 811.33 |
| Support 1 | 1448.73 | 1788.33 | 12667 | 809.17 |
| Support 2 | 1444.77 | 1774.67 | 12637 | 804.83 |
| Support 3 | 1441.73 | 1764.33 | 12615 | 802.67 |
| | | | | |
| Contract | April Gold | March Euro | March Crude Oil | March Bonds |
| Resistance 3 | 670.90 | 1.3112 | 61.17 | 111 27/32 |
| Resistance 2 | 667.30 | 1.3064 | 60.58 | 111 12/32 |
| Resistance 1 | 663.00 | 1.3034 | 59.73 | 111 2/32 |
| Pivot | 659.40 | 1.2986 | 59.14 | 110 19/32 |
| Support 1 | 655.10 | 1.2956 | 58.29 | 110 9/32 |
| Support 2 | 651.50 | 1.2908 | 57.70 | 109 26/32 |
| Support 3 | 647.20 | 1.2878 | 56.85 | 109 16/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, Feb 7th, 2007
Economic
08:30am Q4 Preliminary Nonfarm Productivity (last 0.2%), Unit Labor Costs (last 2.3%)
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's 10-year Note auction results
03:00pm Dec Consumer Credit (last $12.3B)
Events
MBA Mortgage Applications (7:00, last 3.2%). FFIV, WBSN analyst meetings. Fed's Plosser speaks on Economic Outlook in Philadelphia 8:15am. Treasury Secretary Paulson testifies in front of House Budget Committee at 10:00am. Cowen Aerospace/Defense conference in NYC through 2/7. Thomas Weisel Technology conference in SF through 2/7. Merrill Lynch Global Pharmaceutical, Biotech and Medtech conference in NYC through 2/8. Credit Suisse Energy Summit in Vail through 2/9. January Same Store Sales to be reported after the close. Trades Ex-dividend: AEP $0.39, BUD $0.295, BA $0.35, ETR $0.54, XOM $0.32, IBM $0.30, PFE $0.29.
Earnings
Before the Open: ABY ARXT ALVR APOL AHG ASPM ATMI AN BCRX CACH CI CINF DTLK DF DVN DTV GNA HNI INFS IDEV NRGY ICE LAZ LZ MPX MKTX MEDI NWS.A NJR NUS ORCT OSIS PXD RL SLE SKYW SNWL SON THI TKR TRMP UMC VNDA WHR WEC. After the Close: AEA AEIS AFFX AKAM ACL ALKS AMKR ASTSF ASPV AIZ BRW CTLM CENT CYTC EDS ENWV EQIX GDI BGC ROCK HTGC JKHY JH KNL LQDT LNET LOOP LMNX MANH MXIM MOGN NLS UEPS OIS PACR PWER PL PRU RTSX RVBD RTEC SCSS SINA SRCL TCO TTEC TMK ULTI UTI EICU DIS WSH WXS.
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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