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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, February 13, 2008

Futures Trading levels and Economic reports for Feb. 14th

 
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Dear Trader,
 
Happy Valentines Day!
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1393.33 1868.00 12779 738.17
Resistance 2 1381.67 1848.50 12679 730.33
Resistance 1 1374.33 1837.00 12614 725.67
Pivot 1362.67 1817.50 12514 717.83
Support 1 1355.33 1806.00 12449 713.17
Support 2 1343.67 1786.50 12349 705.33
Support 3 1336.33 1775.00 12284 700.67
         
Contract  April Gold March Euro March Crude Oil March. Bonds 
Resistance 3 927.30 1.4661 62.45 119  8/32
Resistance 2 920.40 1.4624 61.25 118 29/32
Resistance 1 915.30 1.4592 60.60 118 16/32
Pivot 908.40 1.4555 60.00 118  5/32
Support 1 903.30 1.4523 59.20 117 24/32
Support 2 896.40 1.4486 58.60 117 13/32
Support 3 891.30 1.4454 57.90 117     
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, February 14, 2008


Economic
8:30am Dec Trade Balance (last -$63.1B), Initial Jobless Claims (last 356K), Continuing Claims (last 2.785M)
10:30am Natural Gas Inventories
Events
10:00am Fed Chairman Bernanke, Treasury Sec Paulson and SEC Chairman Cox testify before the Senate Banking Committee, 1:30pm Fed's Evans speaks on the US economic outlook in Chicago, 7:30pm Former Fed Chairman Greenspan speaks on the economy in Houston. Marcus Evans Covered Bonds Conference. Trades Ex-dividend: WAG $0.095, LLL $0.30, $0.18, ASH $0.275, ARM $0.10, IKN $0.04.
Earnings
Before the Open: EYE, AMRI, ALXN, AEE, ANPI, ARB, ASFI, AGIX, AUXL, BRY, BBW, CAPA, CTL, CSK, CMCSA, CRYP, CYBI, DAI, ECLP, ECA, FIS, FCL, FTE, FCN, GTIV, GOL, GT, HL, HUN, IDA, INCY, IR, JAH, KDN, KONA, KOP, LNCE, LTM, LUFK, CLI, MAR, MRGE, MESA, MGM, MNTA, NRP, NXY, NWN, PTEN, PDS, PGN, SPAR, STFC, SSYS, STRA, SFY, TASR, TSCM, THS, TSL, TRXI, ULBI, VNDA, VC. After the Close: AATI, AW, AMMD, ASCA, ANST, ARBX, ARRS, ASIA, BBSI, BNHN, BJRI, BFAM, BRCD, BUCY, BLG, CPKI, CBOU, CTLM, CENX, CTHR, CEM, CMG, CCU, CCO, CGNX, CTCT, CRAY, DCT, DIVX, EHTH, ESRX, FTI, FNET, GMST, GGC, HITT, LTXX, MCHX, NHP, NCI, ONXX, PEET, PCR, LGBT, PCLN, QDEL, RADS, SINA, SONO, SPSX, USTR, UHCO, UTSI, VMSI, VM, WTW, WMGI.
 
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 1:02 PM

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