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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, February 19, 2008

Futures Trading levels and Economic reports for Feb. 20th

 
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Dear Trader,
 
Two sided action after the long weekend and we pretty much closed unchanged. Looking for more volatility in the market tomorrow as traders will analyze housing starts, CPI and FOMC minutes.
 
Have a good, short trading week!
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 3137.49 3567.96 12696 726.00
Resistance 2 2252.85 2689.48 12603 719.50
Resistance 1 1804.17 2235.74 12494 712.50
Pivot 919.53 1357.26 12401 706.00
Support 1 470.85 903.52 12292 699.00
Support 2 -413.79 25.04 12199 692.50
Support 3 -862.47 -428.70 12090 685.50
         
Contract  April Gold March Euro April Crude Oil March Bonds 
Resistance 3 943.20 1.4882 105.37 117 21/32
Resistance 2 938.60 1.4815 102.72 117  6/32
Resistance 1 934.20 1.4766 101.13 116 20/32
Pivot 929.60 1.4699 98.48 116  5/32
Support 1 925.20 1.4650 96.89 115 19/32
Support 2 920.60 1.4583 94.24 115  4/32
Support 3 916.20 1.4534 92.65 114 18/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, February 20, 2008


Economic
8:30am Jan CPI (last m/m 0.4%, y/y 4.1%; ex food & energy last m/m 0.2%, y/y 2.4%), Jan Housing Starts (last 1.006M), Jan Building Permits (last 1.086M)
2:00pm FOMC Minutes from Jan 29-30 meeting
Events
1:30pm Fed's Poole speaks at Truman State University in Missouri. FDA Vaccines and Related Biological Products Advisory Committee. CIBC World Markets Institutional Investor Conference, Piper Jaffray Clean Technology & Renewables Conference. MBA Mortgage Applications (7:00, last –2.1%). Trades Ex-dividend: CCL $0.40, CUK $0.40, LIZ $0.056, EFX $0.04, CMI $0.125, MBJ $0.067.
Earnings
Before the Open: ABH, ALD, AVA, BRC, XEC, CYBX, FRP, GRMN, GCFB, GCFB, WOLF, HMA, HST, HURN, JBX, JAKK, KOP, LOJN, PQ, POSS, RIMG, SPNC, STXS, STP, THI, TJX, RIG, TWB, WPI. After the Close: ACTL, AEM, AEL, ARII, ADI, ARNA, BDN, BLDR, CECO, CTLM, CSGP, EMAG, FADV, FR, GMR, GIVN, GW, HTZ, ITRI, LFG, LAD, LOCM, LNET, MSSR, MCRI, NANO, NCIT, NVTL, OCNW, OII, PDLI, PGTI, PROS, PSYS, ROIAK, RRR, SINA, STAK, STKL, SNPS, TK, TEX, TRN, TQNT, VRGY.
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 1:19 PM

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