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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, February 06, 2008

Futures Trading levels and Economic reports for feb. 7th

 
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Dear Trader,
 
 
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1375.27 1843.67 12560 725.83
Resistance 2 1364.13 1822.83 12475 719.17
Resistance 1 1347.07 1784.67 12350 705.83
Pivot 1335.93 1763.83 12265 699.17
Support 1 1318.87 1725.67 12140 685.83
Support 2 1307.73 1704.83 12055 679.17
Support 3 1290.67 1666.67 11930 665.83
         
Contract  April Gold March Euro March Crude Oil March Bonds 
Resistance 3 923.67 1.4730 90.76 120 12/32
Resistance 2 917.33 1.4693 89.85 120  4/32
Resistance 1 911.17 1.4649 88.48 119 24/32
Pivot 904.83 1.4612 87.57 119 16/32
Support 1 898.67 1.4568 86.20 119  4/32
Support 2 892.33 1.4531 85.29 118 28/32
Support 3 886.17 1.4487 83.92 118 16/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, February 07, 2008


Economic
8:30am Initial Jobless Claims (last 375K), Continuing Claims (last 2.716M)
10:00am Dec Pending Home Sales m/m (last –2.6%)
10:30am Natural Gas Inventories
1:00pm Treasury's 30-year bond auction results ($9B)
3:00pm Dec Consumer Credit (last $15.4B)
Events
8:30am Fed's Lockhart speaks on credit market outlook in Atlanta. 1:00pm Fed's Fisher speaks on economic stability in Mexico City. 8:00am FDA Psychopharmacologic Drugs Advisory Committee Meeting. ICSC/UBSW Chain Store Sales (last 0.9%). Same Store Sales before the open. Trades Ex-dividend: XOM $0.35, GWW $0.35, BUD $0.33, ABK $0.07, COL $0.16, HCBK $0.09.
Earnings
Before the Open: ASF, AES, AET, AG, ATG, ALY, APA, ARJ, STST, ARQL, ASPM, AIZ, ASFI, AN, BDC, BPO, BG, CPHL, FUN, CBB, CNMD, CXW, CUB, DO, DRAD, DHI, ELNK, ELON, EMS, ENER, EXPE, FLIR, IT, GET, ITWO, IAR, IPCC, IP, KVHI, LH, LVLT, MHO, HZO, MDC, MDTH, MRGE, MESA, MGPI, MEND, MEH, MLNM, MKSI, MCO, MPS, NSSC, CHUX, PMTI, PTI, PENN, PEP, PLD, QCCO, RVSN, ROLL, RGC, RAI, SFUN, SBH, SNN, SPC, SPR, SPH, SXCI, TRA, PNX, TOC, TBL, TRMP, VNDA, WW. During Trading Hours: BWA, GCA. After the Close: APKT, ATVI, AEIS, ARE, ALKS, AYE, AMX, ACAP, ASCA, AOC, ATR, ATHN, ATW, BBSI, BNHN, BBND, BLKB, BMC, CELL, CPT, CBL, CTLM, CENT, CF, CHRD, CTSH, CSTR, CVGI, SCOR, DIVX, DRRX, EQ, EOG, EOG, EPIC, ESE, ESRX, FALC, FNET, GDI, GNW, GCOM, SRVY, HMN, ITMN, IWOV, XXIA, KNXA, LDSH, LQDT, LMNX, MFE, MTD, MSTR, NFG, NFS, NMHC, UEPS, NEXT, NINE, NMSS, OMTR, OTEX, PDFS, PBI, PWER, PL, QSII, RAH, RNWK, RMD, RTEC, SIMG, SINA, TWLL, TDG, TTMI, UNTD, UTSI, VMSI, VNUS, VMC, WLT, GB, ZOLT.
 
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.
 

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