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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, January 29, 2008

Futures Trading levels and Economic reports for Jan 30th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
2:15pm (Eastern time) FOMC Interest Rate Decision tomorrow Jan 30th
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1383.83 1851.33 12692 723.17
Resistance 2 1375.27 1837.67 12596 715.33
Resistance 1 1368.63 1824.83 12533 711.17
Pivot 1360.07 1811.17 12437 703.33
Support 1 1353.43 1798.33 12374 699.17
Support 2 1344.87 1784.67 12278 691.33
Support 3 1338.23 1771.83 12215 687.17
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 933.90 1.4841 94.03 120 19/32
Resistance 2 930.50 1.4809 92.98 120  4/32
Resistance 1 927.80 1.4784 92.42 119 23/32
Pivot 924.40 1.4752 91.37 119  8/32
Support 1 921.70 1.4727 90.81 118 27/32
Support 2 918.30 1.4695 89.76 118 12/32
Support 3 915.60 1.4670 89.20 117 31/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, January 30, 2008


Economic
8:15am Jan ADP Employment Change (last 40K)
8:30am Advance Q4 Annualized GDP (last 4.9%), Q4 Personal Consumption (last 2.8%), Q4 GDP Price Index (last 1.0%), Q4 Core PCE q/q (last 2.0%)
9:00am Treasury's quarterly refunding announcement
10:30am Crude Oil/Gasoline/Distillate Inventories
2:15pm FOMC Interest Rate Decision
Events
8:00am Treasury's McCormick speaks on US-China Trade in New York, 8:30am Former Fed Chairman Greenspan speaks at Investment Forum in Moscow, MBA Mortgage Applications (7:00, last 8.3%). Trades Ex-dividend: SGP $0.065, WY $0.60, AOC $0.15, BMO $0.709, HAS $0.16, IHP $0.25, PETM $0.03, SGP $0.065, UAPH $0.225.
Earnings
Before the Open: AMG, AGN, MO, APU, AUO, BHI, BA, BOBJ, CEG, D, DOV, DSPG, EK, FTD, HES, HOLX, ITW, IMN, IFF, K, KFT, LM, MRK, NCR, NI, OSTK, PAS, PNW, RCL, SAIA, SAP, SEE, SLAB, SO, STE, UGI, UMC, WWW, XEL. After the Close: ADPT, AFL, ADS, AMZN, BLOG, CAI, CDNS, CRUS, CNQR, CVD, CCK, CTS, CYT, DSCM, DNB, EXP, RE, ESLR, FNF, FBN, GIL, HRS, HSTX, ININ, JDSU, KEX, MTSN, MIPS, MUR, NEWP, NVLS, OIIM, OI, PHM, RNOW, SFG, SBUX, TTEK, TLGD, TSCO, VIRL, ZRAN.
 
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 1:17 PM

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