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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, February 14, 2008

Futures Trading levels and Economic reports for Feb. 15th

 
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Dear Trader,
 
Bearish tone has prevailed as of lately. Rallies are not as vicious and the sell offs are quicker. Longer term picture we are still in this wide range between 1317 and 1398 and we are pretty much in the middle......
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1386.90 1856.58 12707 738.50
Resistance 2 1378.30 1841.67 12633 731.00
Resistance 1 1364.40 1817.83 12507 718.00
Pivot 1355.80 1802.92 12433 710.50
Support 1 1341.90 1779.08 12307 697.50
Support 2 1333.30 1764.17 12233 690.00
Support 3 1319.40 1740.33 12107 677.00
         
Contract  April Gold March Euro March Crude Oil March Bonds 
Resistance 3 925.93 1.4762 98.50 118 24/32
Resistance 2 920.87 1.4699 97.04 118  6/32
Resistance 1 915.83 1.4663 96.13 117 10/32
Pivot 910.77 1.4600 94.67 116 24/32
Support 1 905.73 1.4564 93.76 115 28/32
Support 2 900.67 1.4501 92.30 115 10/32
Support 3 895.63 1.4465 91.39 114 14/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, February 15, 2008


Economic
8:30am Jan Import Price Index (last m/m 0.0%, y/y 10.9%), Jan Empire Manufacturing (last 9.0)
9:00am Dec Net Long-term TIC Flows (last $90.9B), Dec Total Net Tic Flows (last $149.9B)
9:15am Jan Industrial Production (last 0.0%), Jan Capacity Utilization (last 81.4%)
10:00am Feb University of Michigan Confidence (last 78.4)
Events
1:15pm Fed's Mishkin speaks on tools for financial disruptions, Recommended Bond market early close. Trades Ex-split: WGOV 2-1. Trades Ex-dividend: SLB $0.21, MRO $0.24, MCO $0.10, EDS $0.05, TGT $0.14, AFL $0.24.
Earnings
Before the Open: ANF, ALE, B, CPB, DSX, HRL, SJM, RDN, SCG, YGE. During trading hours: SYNM.
 
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 1:07 PM

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