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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, February 01, 2008

Futures Trading levels and Economic reports for Feb 4th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Hope everyone will enjoy good trading in February!
 
LEVELS:
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1423.83 1920.00 12962 754.67
Resistance 2 1410.67 1896.00 12863 743.63
Resistance 1 1403.33 1878.00 12802 736.82
Pivot 1390.17 1854.00 12703 725.78
Support 1 1382.83 1836.00 12642 718.97
Support 2 1369.67 1812.00 12543 707.93
Support 3 1362.33 1794.00 12482 701.12
         
Contract  Apr. Gold March Euro March Crude Oil March Bonds 
Resistance 3 964.83 1.5075 94.88 121 14/32
Resistance 2 952.57 1.5010 93.50 120 27/32
Resistance 1 933.03 1.4897 91.22 120 10/32
Pivot 920.77 1.4832 89.84 119 23/32
Support 1 901.23 1.4719 87.56 119  6/32
Support 2 888.97 1.4654 86.18 118 19/32
Support 3 869.43 1.4541 83.90 118  2/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, February 04, 2008


Economic
7:30am Jan Challenger Job Cuts (last –18.7% y/y)
10:00am Dec Factory Orders (last 1.5%)
Events
11:20am Fed's Kroszner speaks on mortgage regulation in Las Vegas. 1:15pm US Treasury's Solomon & Swagel hold briefing on 2009 budget plan. Credit Suisse Energy Summit, Gartner Business Process Management Summit, Annual Meeting of the American Academy of Dermatology. Trades Ex-dividend: XLNX $0.12, CTAS $0.46, ZION $0.43, FO, $0.42, HAR $0.013.
Earnings
Before the Open: AHCI, ADM, BEAV, CLX, FCTR, HUM, IR, NTE, NNN, PTIE, PMI, PCH, TPP, WEN. After the Close: ASEI, APC, AUDC, AXS, BMI, EFX, FEIC, HAIN, ILMN, LVS, LNC, MTW, NTCT, NUAN, OPNT, OMI, PKY, PRE, PPS, PWAV, PFG, RMBS, RCII, SVVS, SCUR, SIGI, SGTL, SIRF, SOHU, SPF, SNCR, TNB, TMA, TZIX, VASC, WGL, YUM.
 
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 1:04 PM

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