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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, March 12, 2007

Trading levels and reports for March 12th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Hope everyone will have a great trading week.
 
International clients, don't forget we have switched to daylight savings time here in the US.
 
All clients, don't forget that June is now front month for indices.
 
LEVELS:
 
Contract (JUNE 2007)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1437.40 1808.33 12559 804.03
Resistance 2 1430.60 1795.67 12499 799.27
Resistance 1 1423.80 1781.33 12444 796.53
Pivot 1417.00 1768.67 12384 791.77
Support 1 1410.20 1754.33 12329 789.03
Support 2 1403.40 1741.67 12269 784.27
Support 3 1396.60 1727.33 12214 781.53
         
Contract  April Gold March Euro April Crude Oil June Bonds 
Resistance 3 667.67 1.3231 62.90 114  3/32
Resistance 2 663.73 1.3197 62.31 113 21/32
Resistance 1 657.87 1.3157 61.18 113  2/32
Pivot 653.93 1.3123 60.59 112 20/32
Support 1 648.07 1.3083 59.46 112  1/32
Support 2 644.13 1.3049 58.87 111 19/32
Support 3 638.27 1.3009 57.74 111     
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, Mar 12th, 2007


Economic
02:00pm Feb Monthly Budget Statement (last $38.2B)
Events
JPMorgan Global Internet conference in NYC through 3/13. Credit Suisse global Services conference in Phoenix through 3/14. Cowen Healthcare conference in Boston through 3/15. Fed's Kroszner speaks on inflation dynamics in DC at 12:45pm. TXN mid-Q update. Trades Ex-dividend: HPQ $0.08.
Earnings
Before the Open: GRRF CCOI FS UWN VITA ROC SHMR SEH STP TNP MTN. After the Close: BAS HTZ IPAR XXIA JAS NABI FACE RVI SALM WFII WPTE.
 
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 5:49 AM

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