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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, January 14, 2008

Futures Trading levels and Economic reports for Jan 15th

 
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Dear Trader,
 
Quiet day compare to last week. May be due to lack of any economic reports today. if thats the case, then we should see higher volatility tomorrow as the market will await some reports.
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1438.93 1997.00 12970 726.83
Resistance 2 1431.47 1981.00 12902 722.17
Resistance 1 1426.13 1969.00 12851 717.83
Pivot 1418.67 1953.00 12783 713.17
Support 1 1413.33 1941.00 12732 708.83
Support 2 1405.87 1925.00 12664 704.17
Support 3 1400.53 1913.00 12613 699.83
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 918.13 1.5056 96.95 119 10/32
Resistance 2 915.07 1.4982 95.69 119     
Resistance 1 909.23 1.4922 94.93 118 24/32
Pivot 906.17 1.4848 93.67 118 14/32
Support 1 900.33 1.4788 92.91 118  6/32
Support 2 897.27 1.4714 91.65 117 28/32
Support 3 891.43 1.4654 90.89 117 20/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, January 15, 2008


Economic
8:30am Dec PPI (last m/m 3.2%, y/y 7.2%, ex food and energy last m/m 0.4%, y/y 2.0%), Dec Advance Retail Sales (last 1.2%, less autos last 1.8%), Jan Empire Manufacturing (last 10.3)
10:00am US Treasury TAF auction results, Nov Business Inventories (last 0.1%)
Events
Apple's Steve Jobs Keynote speech at Macworld, Credit Suisse Auto Analysts Conference Jan 15-18, ICSC/UBSW Chain Store Sales (7:45, last +1.9%). Redbook Retail Sales (8:55, last +1.0%). ABC Consumer Confidence (last -20). Trades Ex-dividend: EOG $0.09, GGP $0.50, DLM $0.04, KWR $0.215.
Earnings
Before the Open: C, FRX, LEN, MI, MESA, EDU, STT, USB. During Trading Hours: CBSH. After the Close: CAMP, FUL, INTC, LCBM, LLTC.
 
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 1:14 PM

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