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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, January 25, 2008

Futures Trading levels and Economic reports for Jan 28th

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

What a week!! Major moves, tremendous volatility. Market and traders definitely can use the weekend to re-group....

 

Will be very interesting to see how next weeks trading unfolds.

 

Watch 1316 level on the way down and 1366 on the way up. Wide band in between.

 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1402.17 1929.00 12700 721.00
Resistance 2 1386.33 1901.00 12595 713.00
Resistance 1 1360.17 1847.00 12405 701.00
Pivot 1344.33 1819.00 12300 693.00
Support 1 1318.17 1765.00 12110 681.00
Support 2 1302.33 1737.00 12005 673.00
Support 3 1276.17 1683.00 11815 661.00
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 934.13 1.4847 93.43 122  9/32
Resistance 2 927.57 1.4803 92.40 121  5/32
Resistance 1 919.13 1.4729 91.56 120 16/32
Pivot 912.57 1.4685 90.53 119 12/32
Support 1 904.13 1.4611 89.69 118 23/32
Support 2 897.57 1.4567 88.66 117 19/32
Support 3 889.13 1.4493 87.82 116 30/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, January 28, 2008


Economic
10:00am Dec New Home Sales (last 647K, m/m –9%)
1:00am Treasury's 2-year note auction results, ($24B)
Events
9:00pm State of the Union Address, Term Auction Facility ($30B), ABA Insurance Risk Management Annual Conference, SRI Alternative Investment Roundup Conference, Marcus Evans Private Equity Investment Summit. Trades Ex-dividend: VNO $0.90, NPBC $0.17, MSB $0.515, KNBT $012. CAM added to the S&P 500 after the close, CXW added to the S&P 400 after the close.
Earnings
Before the Open: ACV, ARLP, ASH, BOH, BDK, CRNT, GLW, DEP, EPD, FSNM, FPL, HAL, HMX, MCD, ONB, PVTB, RDWR, REDF, ROH, SWK, SYY, TSN, VZ, YRCW. After the Close: ACTS, ARG, ALB, AXP, AMLN, ATHR, CLMS, CNW, CR, CUTR, EEP, GGG, ICUI, JBHT, JDAS, KRC, MTH, MSPD, NARA, PCL, PLXT, SNDK, SVVS, SSCC, STLY, STLD, UDR, UNM, VMW, VLTR.
 
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 1:08 PM

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