Cannon Trading Co. Inc.
We believe. The next frontier in futures trading.
Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, January 31, 2008

Futures Trading levels and Economic reports for Feb 1st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Interesting rally right before tomorrows unemployment numbers. Should make for another interesting trading day!
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1451.40 1937.67 13245 762.17
Resistance 2 1419.40 1899.33 12973 740.83
Resistance 1 1397.20 1863.67 12795 726.67
Pivot 1365.20 1825.33 12523 705.33
Support 1 1343.00 1789.67 12345 691.17
Support 2 1311.00 1751.33 12073 669.83
Support 3 1288.80 1715.67 11895 655.67
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 940.80 1.5013 95.29 120 22/32
Resistance 2 937.00 1.4954 93.80 120 11/32
Resistance 1 932.50 1.4900 92.57 119 26/32
Pivot 928.70 1.4841 91.08 119 15/32
Support 1 924.20 1.4787 89.85 118 30/32
Support 2 920.40 1.4728 88.36 118 19/32
Support 3 915.90 1.4674 87.13 118  2/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, February 01, 2008


Economic
8:30am Jan Change in Nonfarm Payrolls (last 18k), Jan Unemployment (last 5.0%), Jan Change in Manufacturing Payrolls (last –31K), Jan Average Hourly Earning (last m/m 0.4%, y/y 3.7%), Jan Average Weekly Hours (last 33.8)
10:00am Jan Final U of Michigan Confidence (last 80.5), Jan ISM Manufacturing (last 47.7), Jan ISM Prices Paid (last 68), Dec Construction Spending m/m (last 0.1%)
Events
8:00 FDA Drug Safety & Risk Management Advisory Committee, Jan Total Vehicle Sales (last 16.3M), Jan Domestic Vehicle Sales (last 12.5M), Trades Ex-split: CJR 2-1, KWK 2-1. Trades Ex-dividend: ITU $0.007, CRS $0.15, FUN $0.475, IDA $0.30, KMT $0.12, NRF $0.36.
Earnings
Before the Open: AXL, ACI, ADP, CVX, CMI, EL, XOM, GCI, HPOL, JRC, MWV, MF, NMX, OSK, PEG, R, SPG, TDW, VVI. 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 1:20 PM

0 Comments:

Post a Comment

<< Home