Cannon Trading Futures Blog: Daily Support and Resistance Levels Blog: February 2007

Trading levels and reports for March 1st

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

Note About Risk, Volatility and Margins

The last few days we have witnessed volatility levels that the markets have not seen since July 2003 or even post-Sept. 11th.

Each trader must examine how this increased volatility (in our opinion the stock market has now changed its "personality" from choppy, quiet uptrend into a more nervous and volatile trading environment) affects his or her trading.

Each trader is different and must assess and understand his mental as well as financial risk tolerance.

There are two aspects we urge you to review. The first is your money management and survival; the second is the concept of margin, in theory and in reality.

Survival - This is the key! Do what you need to do in order to survive this brutal business and give yourself the chance of being here down the road with more experience and a better chance of success. Survival is probably the biggest key for beginner traders. There is a saying in this business "live to trade another day" it is so TRUE!

Money Management - While it is closely related to survival, money management can also stand alone. For your own survival, you must set trade/daily/weekly loss limits. Sound money management is closely associated with knowing your risk-reward ratio (per trade and per time frame).

Margin is an extremely important concept both in theory and practice. It can also to help you with money management and survival.

Day-Trading margins versus overnight margins:

Day-trading margins apply to the amount of money one needs to have in his account for trades that are opened and closed within the same day. Many traders currently have access to trading with day-trading margins of $400 per contract - for example for the e-minis. While this allows for more aggressive buying power, it also increases your exposure in the market.

Overnight margins apply to holding an open position beyond the close at 4:15 p.m. New York time for 1 contract of the e-mini S&P 500 is currently, as set by the Chicago Mercantile Exchange, $3500.00 to be maintained above $2800.00.

Of course, if you have multiple positions you would multiply $3500.00 by the number of contracts that you will be responsible for.

For more information on current margins, visit our live margins page.

These markets are risky and when you leave positions open at the close of the Market at 4:15 pm New York time, you leave yourself and your broker at risk.

At 4:15 New York time you MUST be FULLY MARGINED for any position you hold.

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1438.93	1856.33	12526	814.50
Resistance 2	1428.57	1819.67	12441	806.50
Resistance 1	1418.93	1822.33	12361	800.25
Pivot	1408.57	1785.67	12276	792.25
Support 1	1398.93	1788.33	12196	786.00
Support 2	1388.57	1751.67	12111	778.00
Support 3	1378.93	1754.33	12031	771.75

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	693.00	1.3328	64.29	113 30/32
Resistance 2	685.50	1.3290	63.20	113 19/32
Resistance 1	679.00	1.3268	62.49	113 9/32
Pivot	671.50	1.3230	61.40	112 30/32
Support 1	665.00	1.3208	60.69	112 20/32
Support 2	657.50	1.3170	59.60	112 9/32
Support 3	651.00	1.3148	58.89	111 31/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Thursday, Mar 1st, 2007

Economic

07:30 Feb Challenger Job Cuts (last –39%)

08:30 Initial Jobless Claims (last 332K), Jan Personal Income (last 0.5%), Personal Spending (last 0.7%), PCE Core (last0.1%), PCE Deflator (last 2.3%)

10:00 Feb ISM Manufacturing (last 49.3), ISM Prices Paid (last 53), Jan Construction Spending (last –0.4%)

10:30 Natural Gas Inventories

Events

Circulatory System Devices Panel of the Medical Devices Advisory Committee 8:00AM CSFB Truck Builders Conference. Robert Baird Business Solutions Conference. Wachovia Homebuilding Conference. Needham & Co Displays and Emerging Electronics Investment Conference. PHRM at Pacific Growth One on One Sessions. NSIT at Prudential Equity Midwest SEMI & Cap Equipment. COF Investor Conference. Feb Vehicle Sales GM F DCX. Treasury Sec. Paulson speaks on free trade 12:00PM.

Earnings

Before the Open: AACC BNT BF.B CALP CETV CKP CIEN CDL CTB DLM DRQ DISH EPL EEE FAF GCO GLBL GGL HNR HLS LIFC MIC NAFC PLLL PDGI PLUG PDE RHD SGK SFD SPLS SHOO SUPG TLM THE USPH VIA.B WMAR WR XTXI XTEX. After the Close: AIG AHS CBEY CEGE CMOS CMLS DELL CXPE FARO FLS FLR GPS JOBS HMIN INT ISLE KSS KONG LF MDR NTMD NXG NOVL OVTI PSUN PLL POM PAY RCKY SONE SGMS USIH UWN WINS.

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.

Trading levels and reports for Feb. 28th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

WOW.....really there is not much you can say....I have been a broker for 9 years and this is probably the most volatile day I have seen a cross many markets.

Don't have the ability or desire to predict what will happen, but I do have a few words of advice: Unless you are a VERY experienced trader and have DEEP packets...I recommend you stand a side rather than step into the craziness. If you do insist on trading, make sure you place HARD stops and be aware of the circuit breakers for the different markets.

CME^® U.S. Equity Index Futures Daily Price Limits Price Limits for 1st Quarter 2007
Contract	5% Limit (down only)	10% Limit (down only)	15% Limit (down only)	20% Limit (down only)	30% Limit	CME^® Globex ^®Limit (5% up or down)
S&P 500^®& E-mini^TMS&P 500	70.00	140.00	210.00	280.00	NA	70.00
S&P MidCap 400^TM& E-mini S&P MidCap 400	40.00	80.00	120.00	160.00	NA	40.00
S&P 500/Citigroup Growth	32.00	65.00	97.00	130.00	NA	32.00
S&P 500/Citigroup Value	37.00	75.00	112.00	150.00	NA	37.00
S&P SmallCap 600^TM	20.00	40.00	60.00	80.00	NA	20.00
E-mini Russell 1000^®	40.00	80.00	120.00	160.00	NA	40.00
Russell 2000^®& E-mini Russell 2000	37.00	75.00	112.00	150.00	NA	37.00
NASDAQ-100^®& E-mini NASDAQ-100	85.00	170.00	255.00	340.00	NA	85.00
E-mini NASDAQ Composite^®	120.00	240.00	360.00	480.00	NA	120.00
E-mini NASDAQ Biotech^®	40.00	80.00	120.00	160.00	NA	40.00
Financial SPCTR^TM(S&P 500 Financials)	24.00	48.00	72.00	96.00	NA	24.00
Technology SPCTR^TM(S&P 500 Technology/Telecom)	13.00	26.00	39.00	52.00	NA	13.00
NYSE Limits (DJIA)	NA	1,250	NA	2,500	3,700	NA

More details at:

http://www.cme.com/trading/prd/equity/pricelimits2549.html

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1480.33	1863.67	12960	830.67
Resistance 2	1459.87	1838.33	12775	821.63
Resistance 1	1429.93	1794.67	12480	804.57
Pivot	1409.47	1769.33	12295	795.53
Support 1	1379.53	1725.67	12000	778.47
Support 2	1359.07	1700.33	11815	769.43
Support 3	1329.13	1656.67	11520	752.37

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	708.97	1.3391	64.59	114 27/32
Resistance 2	700.73	1.3332	63.42	114 5/32
Resistance 1	693.97	1.3292	62.44	113 25/32
Pivot	685.73	1.3233	61.27	113 3/32
Support 1	678.97	1.3193	60.29	112 23/32
Support 2	670.73	1.3134	59.12	112 1/32
Support 3	663.97	1.3094	58.14	111 21/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Wednesday, Feb 28th, 2007

Economic

08:30 Q4 GDP Annualized (last 3.5%), GDP Price Index (last 1.5%), Personal Consumption (last 4.4%), PCE Core Q/Q (last 2.1%)

09:45 Feb Chicago Purchasing Manager Index (last 48.8)

10:00 Jan New Home Sales (last 1.12M)

10:30 Crude Oil/Gasoline/Distillate Inventories

Events

MBA Mortgage Applications (7:00, last %). Fed's Geithner speaks on Financial Systems 8:50AM. Fed's Bernanke testifies on long-term US fiscal challenges. Bear Stearns Retail Restaurants and Consumers Conference. Goldman Sachs Technology Investment Symposium. Jefferies Internet Conference. Davenport Infrastructure and Basic Industry Conference. Bruyette & Woods Regional Bank Conference. Merrill Lynch Communications Forum. Robert Baird Business Solutions. NVLS Mid-Quarter Update. CAI UTX HD Analyst Meetings. Trades Ex-dividend: AIG $0.165 BAC $0.56 EP $0.04.

Earnings

Before the Open: AER AES ALD WTR BRL BRY BLT BVN CNP CHTR CBI DLTR EV EIX GVHR GTI WOLF HSP THX IFS IART IPG IRM JTX JRCC JOYG G LNY TVL LIZ MGLN MSO NT NVAX NVL NRG OCR ORA HAWK PRAI RNVS REV SLXP S SPW STN SUNH TTI VRX VSE VPHM OATS. During Trading Hours: NX THO. After the Close: AIRN FIX DBRN DRC DRCO GMST GGC GEF HEI HOFF HOV INTX LAUR LTD LDG MANT MMSI NABI NCS NKTR ASGN PETM SCI SMSI SONS STNR SWN TRAK TFSM TFX TS TRMA TYL UHS VIMC ZIPR.

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.

Trading levels and reports for Feb. 27th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

February is almost out.....Busy day tomorrow, hope everyone will enjoy a good trading day.

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1470.53	1884.00	12793	843.08
Resistance 2	1465.07	1869.25	12755	837.17
Resistance 1	1458.83	1853.50	12705	831.13
Pivot	1453.37	1838.75	12667	825.22
Support 1	1447.13	1823.00	12617	819.18
Support 2	1441.67	1808.25	12579	813.27
Support 3	1435.43	1792.50	12529	807.23

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	698.87	1.3263	62.98	112 26/32
Resistance 2	695.33	1.3237	62.36	112 17/32
Resistance 1	692.57	1.3216	61.88	112 12/32
Pivot	689.03	1.3190	61.26	112 3/32
Support 1	686.27	1.3169	60.78	111 30/32
Support 2	682.73	1.3143	60.16	111 21/32
Support 3	679.97	1.3122	59.68	111 16/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Tuesday, Feb 27th, 2007

Economic

08:30 Jan Durable Goods Orders (last 2.9%), Ex Transportation (last 2.7%)

09:00 Dec S&P Case/Shiller Home Price (last 204.4)

10:00 Feb Consumer Confidence (last 110.3), Feb Richmond Fed Manufacturing Index (last –11), Jan Existing Home Sales

Events

ICSC/UBSW Chain Store Sales (7:45, last 0.1%). Redbook Retail Sales (8:55, last 2.9%). ABC Consumer Confidence (last +1). Vaccines and Related Biological Products Advisory Committee 8:00AM. Bear Stearns Retail Restaurants and Consumers Conference. Bear Stearns Healthcare Conference. CSFB Networking Comm Equipment & Opticals Conference. Goldman Sachs Technology Investment Symposium. Fed's Fisher speaks on Texas Economy 8:15PM Trades Ex-dividend: HAL $0.075 LTD

Earnings

Before the Open: ASTE AZO BBG BBI CSE CBS CDI CMED CZN CTCO CXR CTCM RRD DYN EP EXR FD FST FWLT FDP FTO GEO HANS HET HSII HNZ VTIV LKQX MGA MCGC MSA MTCT NIHD OSG PEI PFGC PNCL QLTY RSH RRI RDC SAFM SHMR SIRI SAH SGY SCMR TGT THC TWGP TUES TXU VIAC VNO WRES WCI. After the Close: ALO ADBL JRJC CNO DECK DWA DY EDR EAGL GIVN GSIG HGSI KCP LEAP XPRT NVTL NUVO OPTM ORLY PZZA PSA SFNT SEAB SVR TMTA URS WPI WNR WLL WYNN.

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.

Trading levels and reports for Feb. 23rd

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

Extremely light day tomorrow as far as reports are concerned. Personally I expect a choppy day with light volume.

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1476.70	1882.00	12888	841.60
Resistance 2	1470.60	1869.50	12836	836.55
Resistance 1	1464.90	1862.00	12770	833.90
Pivot	1458.80	1849.50	12718	828.85
Support 1	1453.10	1842.00	12652	826.20
Support 2	1447.00	1829.50	12600	821.15
Support 3	1441.30	1822.00	12534	818.50

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	691.43	1.3228	63.05	111 30/32
Resistance 2	688.07	1.3193	62.15	111 22/32
Resistance 1	685.53	1.3165	61.55	111 12/32
Pivot	682.17	1.3130	60.65	111 4/32
Support 1	679.63	1.3102	60.05	110 26/32
Support 2	676.27	1.3067	59.15	110 18/32
Support 3	673.73	1.3039	58.55	110 8/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Friday, Feb 23rd, 2007

Economic

None

Events

Orthopaedic and Rehabilitation Devices Panel of the Medical Devices Advisory Committee meets at 8:00am. Trading Ex-split: TRMB 2-1. Trades Ex-dividend: HON $0.25, JNJ $0.375.

Earnings

Before the Open: CSAR CCU CCO CTV DPZ HTV JRT LOW MCCC GAS PAA WRI. After the Close: GMRK.

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.

Trading levels and reports for Feb. 22nd

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1470.47	1865.17	12848	835.92
Resistance 2	1466.13	1855.33	12818	832.33
Resistance 1	1463.17	1849.42	12786	830.17
Pivot	1458.83	1839.58	12756	826.58
Support 1	1455.87	1833.67	12724	824.42
Support 2	1451.53	1823.83	12694	820.83
Support 3	1448.57	1817.92	12662	818.67

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	719.33	1.3235	63.36	112 10/32
Resistance 2	702.87	1.3208	62.00	112 1/32
Resistance 1	693.43	1.3181	61.03	111 24/32
Pivot	676.97	1.3154	59.67	111 15/32
Support 1	667.53	1.3127	58.70	111 6/32
Support 2	651.07	1.3100	57.34	110 29/32
Support 3	641.63	1.3073	56.37	110 20/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Thursday, Feb 22nd, 2007

Economic

08:30am Initial Jobless Claims (last 357K)

10:00am Jan Help Wanted Index (last 33)

10:30am Natural Gas Inventories, Crude Oil/Gasoline/Distillate Inventories

01:00pm Treasury's 5-year Note auction results

Events

ESLR, ETFC, FCS analyst meetings. BofA Technology conference in NYC through 2/22. Trading Ex-split: CMCSA 3-2. Trades Ex-dividend: GE $0.28.

Earnings

Before the Open: ACMR ARW AGIX BLDP ABX BRY BRNC CMS CDE DNR DQE EDO EMAG EMCI EME ENDP ESV FSS HMA HURN ICTG KPA IDC SFI JCP KSE KSWS LAMR LECO MEMY MINI NXL NEM NBL PKD PDCO PTEN PCG PXP QLTI FRZ SW SRE SPNC SYPR TOL TTC TRX UNT WMB. After the Close: ARP AVR BMRN BIO BDN BLDR CAB CPHD CHK CQB DCI HILL BOOM HLTH EVC GFIG HRB MOVE SOLD INPC INSU IBI INTU MCHX MATR MWY ORCC PGI RRGB ROP SBAC SCRX SFC STKL TKLC TELK UEIC YSI LNUX VRGY VAS VLCM.

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.

Trading levels and reports for Feb. 20th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

Hope everyone enjoyed their long weekend. Short trading week with only 4 days of trading left. Wednesday and Thursday will be packed with economic reports. Good trading to all of you.

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1465.70	1844.33	12821	831.00
Resistance 2	1462.60	1837.67	12805	825.55
Resistance 1	1460.70	1832.83	12797	822.40
Pivot	1457.60	1826.17	12781	816.95
Support 1	1455.70	1821.33	12773	813.80
Support 2	1452.60	1814.67	12757	808.35
Support 3	1450.70	1809.83	12749	805.20

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	681.13	1.3229	61.54	112 7/32
Resistance 2	677.07	1.3197	60.50	112 1/32
Resistance 1	674.93	1.3176	59.94	111 24/32
Pivot	670.87	1.3144	58.90	111 18/32
Support 1	668.73	1.3123	58.34	111 9/32
Support 2	664.67	1.3091	57.30	111 3/32
Support 3	662.53	1.3070	56.74	110 26/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Tuesday, Feb 20th, 2007

Economic

None

Events

ABC Consumer Confidence (last -3). EDS, UFI analyst meeting. Fed's Bies speaks on Mortgage Risks in NC at 10:30am.

Earnings

Before the Open: AT AMED AMT AMWD ANSS BYD BBW CBRL CRY ELN EVVV FE FOSL GPC HD IFLO IN ITRN BABY NFI OMM OPTN ORBK MALL SINT SPSX UTHR UNFI VDSI VTAL WMT WST WLK. After the Close: RNT AMSG ANSW ANSR BTUI CRI CENX CHE CROX DTSI EPIQ EQY HVT HPQ MDT MCRI NUVA ODSY PNSN PWAV ZZ STEC TXRH UPL VTR.

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.

Trading levels and reports for Feb 16th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

While stock indices will observe regular trading hours tomorrow, some of the other markets will close early in observance of Presidents Day.

Please visit: http://www.cannontrading.com/news/newsletter.php#one for complete schedule.

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1467.83	1847.83	12846	825.87
Resistance 2	1464.77	1839.67	12825	822.83
Resistance 1	1462.63	1835.33	12807	819.82
Pivot	1459.57	1827.17	12786	816.78
Support 1	1457.43	1822.83	12768	813.77
Support 2	1454.37	1814.67	12747	810.73
Support 3	1452.23	1810.33	12729	807.72

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	682.60	1.3245	60.29	111 31/32
Resistance 2	678.40	1.3218	59.30	111 24/32
Resistance 1	674.90	1.3190	58.64	111 17/32
Pivot	670.70	1.3163	57.65	111 10/32
Support 1	667.20	1.3135	56.99	111 3/32
Support 2	663.00	1.3108	56.00	110 28/32
Support 3	659.50	1.3080	55.34	110 21/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Friday, Feb 16th, 2007

Economic

08:30am Jan Producer Price Index (last 0.9%), PPI Ex Food & Energy (last 0.2%), Housing Starts (last 1.642M), Building Permits (last 1.613M)

10:00am Feb Preliminary U. of Michigan Confidence (last 96.9)

Events

BB&T Capital Markets Transportation Services conference in Miami through 2/16. Early close for commodities and financial futures and options pits. Fed's Moskow speaks in Chicago at 1:30pm. Trades Ex-dividend: SLB $0.175.

Earnings

Before the Open: ALE CPB GT HRL SJM LMS OGE SRP VC RNIN. 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.

Trading levels and reports for Feb. 15th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

Like we wrote yesterday, a break above 1454-1456 will trigger new high, which it did. Now what? Stay flexible, stay nimble and don't get married to your market view or position as things can get volatile.

Levels to watch for are 1461.50 (todays high) and 1456.00

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1474.97	1859.67	12907	827.17
Resistance 2	1468.13	1842.83	12845	824.23
Resistance 1	1463.67	1832.67	12808	819.87
Pivot	1456.83	1815.83	12746	816.93
Support 1	1452.37	1805.67	12709	812.57
Support 2	1445.53	1788.83	12647	809.63
Support 3	1441.07	1778.67	12610	805.27

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	682.40	1.3328	60.68	112 7/32
Resistance 2	679.40	1.3250	59.94	111 22/32
Resistance 1	675.70	1.3199	58.97	111 11/32
Pivot	672.70	1.3121	58.23	110 26/32
Support 1	669.00	1.3070	57.26	110 15/32
Support 2	666.00	1.2992	56.52	109 30/32
Support 3	662.30	1.2941	55.55	109 19/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Thursday, Feb 15th, 2007

Economic

08:30am Initial Jobless Claims (last 311K), Feb Import Price Index (last 1.1%), Empire Manufacturing (last 9.1)

09:00am Dec Net Long-term TIC Flows (last $68.4B)

09:15am Jan Industrial Production (last 0.4%), Capacity Utilization (last 81.8%)

10:30am Natural Gas Inventories

11:00am Treasury's 2-year and 5-year Note funding announcements

12:00pm Feb Philadelphia Fed (last 8.3)

01:00pm Feb NAHB Housing Market Index (last 35)

Events

Fed's Bernanke gives same testimony as day before in front of House Panel at 10:00am. Fed's Poole speaks in Nebraska at 1:15pm. Merrill Lynch Insurance conference in NYC through 2/15. Credit Suisse Storage conference in Boston through 2/15. BB&T Capital Markets Transportation Services conference in Miami through 2/16. Trades Ex-dividend: MCO $0.08, ROK $0.29.

Earnings

Before the Open: AAP A ALXN AEE ARB AVCI BHI B BIIB BBW CTL CSK XEC CRYP ECA EXPE FLA FCL FCN GTIV HC HPY HOS HUN INCY JAH LH LTM LUFK MKSI TAP NCI NSTC NWN ZEUS PDS RS POOL SPAR STFC SSYS STRA ELOS THOR TRAD TRXI ULBI VG. During Trading Hours: COG. After the Close: AW AMMD AQNT ARBX ARRS ARTC BOBE BFAM BUCY BWLD CPKI CAPA CECO CBOU CNTF CMG CYH DRTE DENN DITC HITT IM INTL LAD LOOK LTXX MHK NANO NTGR NHWK LGBT PYX POWI PSYS QDEL RADS RARE RYI SNIC SONO STMP TTMI USTR UHCO WMGI ZGEN.

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.

Trading levels and reports for Feb. 14th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

I suspect we can see a run towards 1453 - 1456 which is a very strong resistance level on basis the March SP. Trading above these levels will open the door for higher prices while a failure, will be the third one so far, thus a possibility for a stronger sell off.

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1460.20	1810.67	12781	822.50
Resistance 2	1454.60	1804.33	12734	819.00
Resistance 1	1451.80	1798.67	12709	817.00
Pivot	1446.20	1792.33	12662	813.50
Support 1	1443.40	1786.67	12637	811.50
Support 2	1437.80	1780.33	12590	808.00
Support 3	1435.00	1774.67	12565	806.00

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	680.77	1.3180	61.51	110 26/32
Resistance 2	677.23	1.3122	60.55	110 21/32
Resistance 1	672.87	1.3090	59.81	110 13/32
Pivot	669.33	1.3032	58.85	110 8/32
Support 1	664.97	1.3000	58.11	110
Support 2	661.43	1.2942	57.15	109 27/32
Support 3	657.07	1.2910	56.41	109 19/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Wednesday, Feb 14th, 2007

Economic

08:30am Jan Advance Retail Sales (last 0.9%), Retail Sales Less Autos (last 1.0%)

10:00am Fed's Bernanke gives testimony before Senate on Monetary Policy, Dec Business Inventories (last 0.4%)

10:30am Crude Oil/Gasoline/Distillate Inventories

Events

MBA Mortgage Applications (7:00, last –0.2%). DB Small Cap Growth conference in Naples through 2/14. Merrill Lynch Insurance conference in NYC through 2/15. Credit Suisse Storage conference in Boston through 2/15. BB&T Capital Markets Transportation Services conference in Miami through 2/16. Trades Ex-dividend: GM $0.25, UTX $0.265.

Earnings

Before the Open: LEND ACGY ANR AVA POS KO DADE DAKT DVA DE DRAD FORR GRMN GENZ JNY JRN KDN KEA KNDL KVHI MAS MGM MICC NRP NTBK NAT ODP OSI PQ PFCB PGN SBGI MDCO RIG THS UAG ZBRA. After the Close: ACAP AGP APPB BIDU CLB OFC DCEL ESLR GES HIW DISK KNXA MSSR MRH NTAP NTRI PVA PVR PLAB PRAA RNWK RJET TEX NCTY TWPG ZOLT.

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.

Trading levels and reports for Feb 13th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

Today's lows at 1435.00 were made at a strong support level based on the SP hourly chart. If we hold these lows tomorrow, we may see a good bounce, on the same token, a break of these levels can bring 1424 closer to reality.

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1450.80	1806.00	12683	819.47
Resistance 2	1447.20	1800.00	12655	815.73
Resistance 1	1442.30	1793.00	12617	812.22
Pivot	1438.70	1787.00	12589	808.48
Support 1	1433.80	1780.00	12551	804.97
Support 2	1430.20	1774.00	12523	801.23
Support 3	1425.30	1767.00	12485	797.72

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	677.97	1.3137	60.51	110 29/32
Resistance 2	674.63	1.3097	59.80	110 24/32
Resistance 1	670.97	1.3041	58.81	110 17/32
Pivot	667.63	1.3001	58.10	110 12/32
Support 1	663.97	1.2945	57.11	110 5/32
Support 2	660.63	1.2905	56.40	110
Support 3	656.97	1.2849	55.41	109 25/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Feb 13

08:30

Trade Balance

Dec

-$59.7B

-$59.5B

-$58.2B

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.

Trading levels and reports for Feb. 12th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

Hope everyone have a great trading week!

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1473.73	1858.67	12825	831.67
Resistance 2	1465.27	1843.33	12765	825.83
Resistance 1	1454.13	1818.17	12690	817.42
Pivot	1445.67	1802.83	12630	811.58
Support 1	1434.53	1777.67	12555	803.17
Support 2	1426.07	1762.33	12495	797.33
Support 3	1414.93	1737.17	12420	788.92

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	687.63	1.3121	62.06	111 9/32
Resistance 2	680.57	1.3094	61.43	111 3/32
Resistance 1	676.43	1.3060	60.66	110 25/32
Pivot	669.37	1.3033	60.03	110 19/32
Support 1	665.23	1.2999	59.26	110 9/32
Support 2	658.17	1.2972	58.63	110 3/32
Support 3	654.03	1.2938	57.86	109 25/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Monday, Feb 12th, 2007

Economic

02:00pm Jan Monthly budget Statement (last 21.0B)

Events

ELY, FMD analyst meetings. DB Small Cap Growth conference in Naples through 2/14.

Earnings

Before the Open: ASF AMRI AFG ARJ BWP BRO BW CHTT CEM CRK CTRP ECL HOC LNCE LCAV LTR MCY MEND NTE TDG VAL. After the Close: ANAD BBOX NILE CEPH CRL CCRN FADV FDG FWRD GGP HCP HIH HIMX HUBG IRBT LNCR MTXX MPWR MOSY PCLN QGEN RADN RMKR SNDA UCTT VECO WCN YUM.

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.

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.

Trading levels and reports for Feb. 8th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

Still a close race between the bulls and the bears. Market made a new high, then headed in what seemed to be a "key reversal" downward only to find support and finish a bit higher.

What does that mean for tomorrow? Look for increased volatility and be ready for two sided trading day.

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1465.17	1851.00	12808	828.33
Resistance 2	1461.43	1838.50	12770	823.67
Resistance 1	1458.07	1829.00	12737	821.33
Pivot	1454.33	1816.50	12699	816.67
Support 1	1450.97	1807.00	12666	814.33
Support 2	1447.23	1794.50	12628	809.67
Support 3	1443.87	1785.00	12595	807.33

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	665.87	1.3111	61.87	111 22/32
Resistance 2	663.83	1.3080	60.86	111 12/32
Resistance 1	660.57	1.3058	59.28	111 6/32
Pivot	658.53	1.3027	58.27	110 28/32
Support 1	655.27	1.3005	56.69	110 22/32
Support 2	653.23	1.2974	55.68	110 12/32
Support 3	649.97	1.2952	54.10	110 6/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Thursday, Feb 8th, 2007

Economic

07:00am Bank of England rate decision

07:45am ECB rate decision

08:30am Initial Jobless Claims (last 307K)

10:00am Dec Wholesale Inventories (last 1.3%)

10:30am Natural Gas Inventories

01:00pm Treasury's 30-year Bond auction results

Events

More January Same Store Sales expected before the open. EK, SNWL analyst meetings. Merrill Lynch Global Pharmaceutical, Biotech and Medtech conference in NYC through 2/8. Credit Suisse Energy Summit in Vail through 2/9. Trading Ex-split: GROW 2-1. Trades Ex-dividend: HET $0.40, LEH $0.15.

Earnings

Before the Open: AET LNT UHAL AIV STST ARQL AUO BECN BEC BDC BLC BRG BIVN BWA BG CSL FUN CVGI CNMD CXW DO DJO ESRX FLIR RAIL GCA HNT IPCC LII LVLT MAR MLM MMS MDTH MGPI MLNM MNC MPS MGAM NFX CHUX OHB PMTI PENN PEP QCCO Q RVSN ROLL RGC RAI SPH SFY SMA SMMX BRLC TMO TOC TBL TOL TRB VTNC WLT WMG WMI WW WIN. After the Close: KAR AATI AD ANDE AOC APLX ATR AGO AXCA BMC BORL BRCM ELY CALL CSTR COGO CORI CCI CW DRTE DRIV DIVX DRRX EQ ENER GTW GHCI SRVY GTRC IN ITMN LPNT LPSN MFE MTD NAPS NFS NVT NEW NUAN OO OTEX PNRA PHTN SFLY SIMG SPRT TWW TQNT UNTD VSTA BER GB.

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.

Trading levels and reports for Feb 7th

*To be removed, please reply with remove daytrading in subject line

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.

Trading levels and reports for Feb. 6th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

Another tight range day (makes two in a row since Friday had a tight range as well). I would expect a breakout in either way tomorrow. Have no idea which way (-:

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1460.87	1829.33	12763	817.77
Resistance 2	1457.43	1821.67	12737	815.63
Resistance 1	1454.97	1813.33	12713	812.52
Pivot	1451.53	1805.67	12687	810.38
Support 1	1449.07	1797.33	12663	807.27
Support 2	1445.63	1789.67	12637	805.13
Support 3	1443.17	1781.33	12613	802.02

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	661.90	1.3037	61.08	110 22/32
Resistance 2	659.70	1.3014	60.51	110 18/32
Resistance 1	657.90	1.2984	59.63	110 14/32
Pivot	655.70	1.2961	59.06	110 10/32
Support 1	653.90	1.2931	58.18	110 6/32
Support 2	651.70	1.2908	57.61	110 2/32
Support 3	649.90	1.2878	56.73	109 30/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Tuesday, Feb 6th, 2007

Economic

01:00pm Treasury's 3-year Note auction results

Events

ICSC/UBSW Chain Store Sales (7:45, last 2.9%). Redbook Retail Sales (8:55, last 2.7%). NKE, STT, SUNW analyst meetings. 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. Treasury Secretary Paulson testifies on Budget at House Ways and Means Committee at 10:00am. Fed's Moskow speaks in Chicago at 1:00pm. Fed's Bernanke speaks in Omaha at 1:30pm. Treasury Secretary Paulson testifies in front of the Senate Finance Committee at 2:45pm. Fed's Yellen speaks in LA on Asian Financial Crisis at 3:30pm. ABC Consumer Confidence (last -3).

Earnings

Before the Open: ARTG ADP AVP RATE BHE BOW CE CNC CHD DUK ELNK EMR IT HB IACI ISE JRC KSU LIOX LFUS LPX MNI MM MYGN NOV NOOF PNR PER PEC PLD JOE TE TWTR TYC VFC VSH WWY. After the Close: ACTS ABCO ACLI AZPN ATO ATW AVNX BBBB CELL BRKS BOBJ CACS CAKE CSCO CSC EXBD CPII XRAY DIOD WIRE EQR FEIC FMC GCOM IIG IVAC IPAS KFRC LNC MFLX NBR PDFS PLNR RNR RENT RMD TWTC TZOO USNA WEDC XL.

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.

Trading levels and reports for Feb. 5th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

LEVELS:

Contract (March 2007)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1460.33	1825.17	12795	818.83
Resistance 2	1457.17	1817.83	12765	816.32
Resistance 1	1455.23	1812.67	12727	814.53
Pivot	1452.07	1805.33	12697	812.02
Support 1	1450.13	1800.17	12659	810.23
Support 2	1446.97	1792.83	12629	807.72
Support 3	1445.03	1787.67	12591	805.93

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	679.17	1.3178	61.78	111 1/32
Resistance 2	672.23	1.3135	60.44	110 24/32
Resistance 1	661.87	1.3063	59.73	110 14/32
Pivot	654.93	1.3020	58.39	110 5/32
Support 1	644.57	1.2948	57.68	109 27/32
Support 2	637.63	1.2905	56.34	109 18/32
Support 3	627.27	1.2833	55.63	109 8/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Monday, Feb 5th, 2007

Economic

10:00am Jan ISM Non-Manufacturing (last 56.7)

Events

BBG, TXT, WEN analyst meetings. Thomas Weisel Technology conference in SF through 2/7. Trades Ex-dividend: INTC $0.113, MER $0.35.

Earnings

Before the Open: AGYS ATRS AGII BEAV CRNT CTSH HERO HEW HEP HUM IPS KRC NTBK OSTK PMI PCH RBC RCL TIN VOCS. After the Close: ARXX APC AUDC AXS BLKB BRS CUZ EW ESE FNF GRP IKAN LVS MNT NFG NAVR OTTR PKY PRE PBI PLMD PPS PPDI PBH PFG QSII RCII SOHU TNB TZIX UFPI WMS.

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.

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:

USA/Canada:		(800) 454-9572
International:		(310) 859-9572

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Cannon Trading Futures Blog: Daily Support and Resistance Levels: Archive

Wednesday, February 28, 2007

Note About Risk, Volatility and Margins

Day-Trading margins versus overnight margins:

Thursday, Mar 1st, 2007

Tuesday, February 27, 2007

Wednesday, Feb 28th, 2007

Monday, February 26, 2007

Tuesday, Feb 27th, 2007

Thursday, February 22, 2007

Friday, Feb 23rd, 2007

Wednesday, February 21, 2007

Thursday, Feb 22nd, 2007

Tuesday, February 20, 2007

Tuesday, Feb 20th, 2007

Thursday, February 15, 2007

Friday, Feb 16th, 2007

Wednesday, February 14, 2007

Thursday, Feb 15th, 2007

Wednesday, Feb 14th, 2007

Monday, February 12, 2007

Monday, Feb 12th, 2007

Thursday, February 08, 2007

Friday, Feb 9th, 2007

Wednesday, February 07, 2007

Thursday, Feb 8th, 2007

Tuesday, February 06, 2007

Wednesday, Feb 7th, 2007

Monday, February 05, 2007

Tuesday, Feb 6th, 2007

Monday, Feb 5th, 2007

Thursday, February 01, 2007