Cannon Trading Co. Inc.
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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, January 28, 2008

Futures Trading levels and Economic reports for Jan 29th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Big week ahead.
 
We have earnings (all week) , FOMC (decision due on Wednesday), economic reports (all week) and monthly un-employment (Friday)!
 
Good trading!
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1402.33 1863.17 12748 735.25
Resistance 2 1380.17 1839.58 12572 720.00
Resistance 1 1367.33 1825.17 12473 712.00
Pivot 1345.17 1801.58 12297 696.75
Support 1 1332.33 1787.17 12198 688.75
Support 2 1310.17 1763.58 12022 673.50
Support 3 1297.33 1749.17 11923 665.50
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 943.80 1.4955 94.63 120 22/32
Resistance 2 936.50 1.4868 92.99 120 14/32
Resistance 1 931.80 1.4817 92.05 120  6/32
Pivot 924.50 1.4730 90.41 119 30/32
Support 1 919.80 1.4679 89.47 119 22/32
Support 2 912.50 1.4592 87.83 119 14/32
Support 3 907.80 1.4541 86.89 119  6/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, January 29, 2008


Economic
8:30am Dec Durable Goods Orders (last -0.1%, ex transport –0.8%)
9:00am Nov S&P/CS Composite-20 (last y/y –6.1%), Nov S&P/CS Home Price Index (last 192.9)
10:00am TAF Results, Nov Consumer Confidence (last 88.6)
1:00pm Treasury's 5-year note auction results ($14B)
Events
EU's McCreevy meets with Treasury Secretary Paulson & SEC Chairman Cox in Washington DC, ICSC/UBSW Chain Store Sales (7:45, last 0.7%). Redbook Retail Sales (8:55, last 0.7%). ABC Consumer Confidence (last -23). Deutsche Bank Hidden Assets Conference, Wachovia Securities Healthcare Conference. Trades Ex-dividend: ANO $0.18, LNT $0.35, ATR $0.13, FLY $0.40, CRR $0.14, CV $0.23, DEP $0.41, EV $0.15, EPD $0.50, FNM $0.35, FSP $0.31, FT $0.038, GPU $0.375, IRC $0.082, NI $0.23, TXN $0.10, WM $0.15, ZNT $0.50.
Earnings
Before the Open: MMM, AAI, AMB, AEP, AXE, ARM, AVY, BMS, BNI, CP, CAH, CRS, CHTT, CXG, CNX, CVG, COCO, CFC, DOW, LLY, EMC, ENR, ETR, ENTU, FSRV, GKSR, GLYT, GNTX, HW, IVC, JBLU, KEM, KCI, LXK, NNDS, NWA, NYB, OXY, OXPS, PCAR, BTU, PBG, PPC, PII, SMG, SHW, SLGN, SII, TROW, TRV, TUES, X, UIS, USG, VLO, WDR, ZMH. After the Close: ALGN, ALGT, ALL, AMIS, ANEN, AJG, BBOX, BXP, BKI, CHRW, CALD, CLZR, CTX, CB, CSGS, CYBS, CYMI, EGLT, FBC, FLEX, FDRY, HLIT, HPC, HIFN, HTCH, IKAN, IPSU, INFA, ISSI, JLL, LDIS, MASI, NATI, NETL, NAL, PXLW, RHI, SHOR, TRMB, TUP, PAY, WBSN, YHOO.
 
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 1:18 PM

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