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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, February 20, 2008

Futures Trading levels and Economic reports for feb. 21st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1399.33 1840.67 12758 732.83
Resistance 2 1381.97 1818.33 12612 721.92
Resistance 1 1371.23 1805.67 12523 716.33
Pivot 1353.87 1783.33 12377 705.42
Support 1 1343.13 1770.67 12288 699.83
Support 2 1325.77 1748.33 12142 688.92
Support 3 1315.03 1735.67 12053 683.33
         
Contract  April Gold March Euro April Crude Oil March Bonds 
Resistance 3 968.87 1.4864 104.04 117  8/32
Resistance 2 954.13 1.4793 102.45 116 22/32
Resistance 1 945.97 1.4746 101.17 116 10/32
Pivot 931.23 1.4675 99.58 115 24/32
Support 1 923.07 1.4628 98.30 115 12/32
Support 2 908.33 1.4557 96.71 114 26/32
Support 3 900.17 1.4510 95.43 114 14/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, February 21, 2008


Economic
8:30am Initial Jobless Claims (last 348K), Continuing Jobless Claims (last 2.761M)
10:00am Jan Leading Indicators (last –0.2%), Philadelphia Fed (last 20.9)
10:30am Crude Oil/Gasoline/Distillate Inventories, Natural Gas Inventories
Events
Credit Suisse Global Forest Products Conference. Trades Ex-dividend: GE $0.31, VMC $0.49, AIZ $0.12, ATO $0.325, CAN $0.15, FAST $0.25. NPBC added to the S&P Smallcap 600 after the close.
Earnings
Before the Open: ANSS, ABG, BLDP, ABX, BCSI, BRNC, BRKR, CSK, CMS, CDE, CPA, CRY, DNR, EME, ENDP, ETM, FSS, GILT, GLBL, HRB, HOS, ICLR, IFLO, IDC, ITRN, JCP, KDN, MVSN, MATR, MEMY, MRGE, MGM, MLAN, MINI, NEM, GAS, ZEUS, PASS, PDCO, QLTI, PWR, DGX, FRZ, RS, SWY, SCHS, POOL, SYPR, TSCM, TTC, TRW, VCI, VDSI, VTAL, WAB, WMB, ZLC. After the Close: ASCA, ARBX, AVR, BLG, CAB, CBEY, CHE, CHK, STV, CLF, CTV, CYH, DWRI, DITC, DHOM, ESRX, FST, FNET, GFIG, HVT, HLTH, HME, SOLD, HYC, INSU, IBI, INTU, DMX, ME, MWY, MORN, NCI, NINE, ORH, ASGN, ORCC, ONXX, OSIP, PCR, PHRM, PRAA, PGI, QDEL, RRGB, ROP, RUTH, SBAC, CKH, SM, TELK, NCTY, UEIC, UTSI, WOOF, VMSI, VIMC, VM, VLCM, WBMD.
 
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 1:12 PM

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