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 | 1408.30 | 1766.17 | 12312 | 792.33 |
| Resistance 2 | 1400.90 | 1754.33 | 12254 | 785.17 |
| Resistance 1 | 1386.80 | 1734.67 | 12149 | 772.33 |
| Pivot | 1379.40 | 1722.83 | 12091 | 765.17 |
| Support 1 | 1365.30 | 1703.17 | 11986 | 752.33 |
| Support 2 | 1357.90 | 1691.33 | 11928 | 745.17 |
| Support 3 | 1343.80 | 1671.67 | 11823 | 732.33 |
| | | | | |
| Contract | April Gold | March Euro | April Crude Oil | June Bonds |
| Resistance 3 | 654.70 | 1.3328 | 61.83 | 113 28/32 |
| Resistance 2 | 650.00 | 1.3273 | 61.29 | 113 23/32 |
| Resistance 1 | 644.60 | 1.3188 | 60.68 | 113 14/32 |
| Pivot | 639.90 | 1.3133 | 60.14 | 113 9/32 |
| Support 1 | 634.50 | 1.3048 | 59.53 | 113 |
| Support 2 | 629.80 | 1.2993 | 58.99 | 112 27/32 |
| Support 3 | 624.40 | 1.2908 | 58.38 | 112 18/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Mar 6th, 2007
Economic
08:30am Q4 Final Nonfarm Productivity (last 3.0%), Unit Labor Costs (last 1.7%)
09:00am Bank of Canada announcement
10:00am Jan Pending Home Sales (last 4.9%), Factory Orders (last 2.4%)
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.9%). Redbook Retail Sales (8:55, last 2.8%). Bear Stearns Media conference in Palm Beach through 3/7. Citigroup Global Property conference in Naples, FL through 3/7. Morgan Stanley Technology conference in SF through 3/8. Raymond James Investors conference in Orlando through 3/7. Citigroup Industrial Manfacturing conference in NYC through 3/8. AVY, CTXS, EL, JPM, MVSN, NICE analyst meetings. Fed's Plosser speaks in NYC at 1:00pm. Fed's Bernanke speaks in Hawaii on GSEs at 2:00pm. ABC Consumer Confidence (last -1).
Earnings
Before the Open: ACW ALY BLTI BF.B ICON IPGP ISTA OPSW RTLX VOL WRES. During Trading Hours: SNHY. After the Close: CEC CHS CNO CPRT MXWL PSS TUTR CLUB.
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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