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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, January 11, 2008

Futures Trading levels and Economic reports for Jan 14th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Due to uncertainty about inflation and the housing mkt has caused a tremendous amount intraday volatility.  Traders might have seen glimmer of hope with the CFC BOA deal but ultimately a weak dollar falling note and bond prices have kept this mkt in check in regards to the underlying uncertainty about inflation and the health of the U.S. economy.   Look for the 1436.00 resistance area and 1485.00 support area for breaks above and below these levels to confirm short term mkt trends.
 
Have a great weekend and a great trading week to come!
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1444.63 1997.33 13018 726.50
Resistance 2 1434.07 1976.17 12916 723.00
Resistance 1 1421.13 1953.33 12793 719.00
Pivot 1410.57 1932.17 12691 715.50
Support 1 1397.63 1909.33 12568 711.50
Support 2 1387.07 1888.17 12466 708.00
Support 3 1374.13 1865.33 12343 704.00
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 909.97 1.4861 96.50 119 13/32
Resistance 2 905.03 1.4837 95.58 118 27/32
Resistance 1 901.37 1.4804 94.16 118 17/32
Pivot 896.43 1.4780 93.24 117 31/32
Support 1 892.77 1.4747 91.82 117 21/32
Support 2 887.83 1.4723 90.90 117  3/32
Support 3 884.17 1.4690 89.48 116 25/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, January 14, 2008


Economic
10:00 US Treasury TAF auction (no announcement)
Events
3:15pm US Treasury's McCormick talks about environment in California, Macworld Conference & Expo Jan 14-18, Bear Stearns & Co. Latin American and Caribbean Markets Conference, Trades Ex-dividend: CFIS $0.06.
Earnings
Before the Open: FCSX, MTB. After the Close: DNA.
 
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 / commodity broker
Cannon Trading Co Inc. - home of online futures trading
http://www.cannontrading.com 
http://www.E-Futures.com 
ilan@cannontrading.com

Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #515
Beverly Hills, Ca 90210

 
* Important Please Note: 
IMPORTANT PLEASE NOTE:  TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS.  THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS.  THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS.   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 1:12 PM

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