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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, January 18, 2008

Futures Trading levels and Economic reports for Jan 22nd

 
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Dear Trader,
 
Wow, what a day, what a week. Both volatility wise as well as the selling pressure. Intraday moves in the market were fast and sharp.
 
The long weekend will be a good break from the market action (-:
 
Enjoy your weekend and have a great trading week to come.
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1387.33 1926.00 12612 712.17
Resistance 2 1371.17 1907.00 12490 701.83
Resistance 1 1348.33 1878.00 12295 688.17
Pivot 1332.17 1859.00 12173 677.83
Support 1 1309.33 1830.00 11978 664.17
Support 2 1293.17 1811.00 11856 653.83
Support 3 1270.33 1782.00 11661 640.17
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 900.63 1.4758 92.47 120 12/32
Resistance 2 894.77 1.4724 91.63 120  5/32
Resistance 1 888.23 1.4665 90.77 119 28/32
Pivot 882.37 1.4631 89.93 119 21/32
Support 1 875.83 1.4572 89.07 119 12/32
Support 2 869.97 1.4538 88.23 119  5/32
Support 3 863.43 1.4479 87.37 118 28/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, January 21, 2008


Economic
None Seen
Events
Bond and equity markets are closed for Martin Luther King Day. North America International Auto Show, Cleantech World Future Energy Summit.
Earnings
Before the Open: DST, STBA. After the Close: WGOV, FDEF, SLG

Tuesday, January 22, 2008


Economic
10:00 Jan Richmond Fed Manufacturing Index (last –4)
Events
ICSC/UBSW Chain Store Sales (7:45, last –0.9%). Redbook Retail Sales (8:55, last +0.9%). ABC Consumer Confidence (last -22), JP Morgan High Yield Conference, Sidoti & Company Emerging Growth Institutional Investor Forum. Trades Ex-split: FWLT 2-1. Trades Ex-dividend: AMN $0.25. HMSY added to the S&P 600 after the close.
Earnings
Before the Open: ADTN, AKS, ABK, AMFI, BAC, BKUNA, BJS, BPOP, CSX, DST, DD, ETN, ELS, FAST, FITB, FMER, INVX, JEC, JNJ, KEY, LEE, LM, MDP, VIVO, NCC, PETS, PTEC, PCP, RDN, RF, RGS, SAY, SIFY, SLG, SU, TLAB, UAUA, UNH, USAP, WB, WAT, WGOV. After the Close: ACF, AAPL,CAMD, CREE, FIC, FULT, HBHC, HOKU, IBKC, NSC, PKG, PHHM, PLT SPSN, STM, SUPX, TXN, TRMK.
 
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 1:21 PM

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