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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, January 24, 2008

Futures Trading levels and Economic reports for Jan25th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
The market had to take a breather from the craziness of the last few days.....
 
Using the daily chart on the SP500 continuation contract, I see a possibility of the market retracing to 1366 and even 1399 while still maintaing a bearish trend.
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1382.33 1888.50 12577 722.67
Resistance 2 1369.67 1863.00 12488 714.33
Resistance 1 1361.33 1850.00 12427 704.17
Pivot 1348.67 1824.50 12338 695.83
Support 1 1340.33 1811.50 12277 685.67
Support 2 1327.67 1786.00 12188 677.33
Support 3 1319.33 1773.00 12127 667.17
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 922.20 1.5010 93.18 121 25/32
Resistance 2 916.60 1.4886 91.47 121  4/32
Resistance 1 911.20 1.4818 90.44 120  1/32
Pivot 905.60 1.4694 88.73 119 12/32
Support 1 900.20 1.4626 87.70 118  9/32
Support 2 894.60 1.4502 85.99 117 20/32
Support 3 889.20 1.4434 84.96 116 17/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, January 25, 2008


Economic
None Seen
Events
Trades Ex-dividend: GS $0.35.
Earnings
Before the Open: ABFS, CAT, CBH, CCUR, FO, HOG, HON, IDXX, KNSY, MBFI, MDU, LABL, NS, PRSP, WFT, GWW. After the Close: None seen.
 
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 1:23 PM

1 Comments:

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