Cannon Trading Co. Inc.
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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, February 08, 2007

Trading levels and reports for Feb. 9th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Today has been the 6th trading day with less than 10 pointsd range on the SP. A break above 1458.00 can trigger another leg up.
 
Make it a great trading day and enjoy your weekend.
 
LEVELS:
 
Contract (March 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1464.73 1816.33 12800 826.50
Resistance 2 1459.77 1819.67 12746 823.25
Resistance 1 1456.73 1802.33 12708 821.25
Pivot 1451.77 1805.67 12654 818.00
Support 1 1448.73 1788.33 12616 816.00
Support 2 1443.77 1791.67 12562 812.75
Support 3 1440.73 1774.33 12524 810.75
         
Contract  April Gold March Euro March Crude Oil March Bonds 
Resistance 3 679.37 1.3154 62.81 111 26/32
Resistance 2 672.33 1.3109 61.30 111 18/32
Resistance 1 667.57 1.3086 60.51 111 10/32
Pivot 660.53 1.3041 59.00 111  2/32
Support 1 655.77 1.3018 58.21 110 26/32
Support 2 648.73 1.2973 56.70 110 18/32
Support 3 643.97 1.2950 55.91 110 10/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Feb 9th, 2007


Economic
09:00am Feb RBC Cash Index
Events
STJ analyst meetings. G-7 meets in Essen through 2/10. Fed's Poole speaks in Omaha at 9:00am. Credit Suisse Energy Summit in Vail through 2/9. Trading Ex-split: MDCI 3-2.
Earnings
Before the Open: ALU BPO CVH DRS HAS ID MA NNI PGL QMED SCH WY WLSC. After the Close: LGF.
*Note all time are EST (GMT-5). ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN
 
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 1:11 PM

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