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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, February 22, 2008

Futures Trading levels and Economic reports for Feb. 25th

 
*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 1395.20 1829.33 12740 715.17
Resistance 2 1376.10 1804.67 12575 706.33
Resistance 1 1365.70 1791.33 12490 700.67
Pivot 1346.60 1766.67 12325 691.83
Support 1 1336.20 1753.33 12240 686.17
Support 2 1317.10 1728.67 12075 677.33
Support 3 1306.70 1715.33 11990 671.67
         
Contract  April Gold March Euro March. Bonds 
Resistance 3 967.37 1.4930 118 13/32
Resistance 2 959.93 1.4893 118  4/32
Resistance 1 953.87 1.4856 117 19/32
Pivot 946.43 1.4819 117 10/32
Support 1 940.37 1.4782 116 25/32
Support 2 932.93 1.4745 116 16/32
Support 3 926.87 1.4708 115 31/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, February 25, 2008


Economic
10:00 Jan Existing Home Sales (last 4.89M, m/m –2.2%)
11:00 US Treasury's 2- and 5-year note announcement
Events
9:50am Fed's Kroszner speaks on risk management in New York. 3:30pm Fed's Mishkin speaks on inflation in North Carolina. BMO Capital Markets Global Metals & Mining Conference, CLSA Japan Forum, Credit Suisse Global Services Conference, Friedland Capital Global Equities Conference. Trades Ex-dividend: HON $0.275, MHP $0.22, ITU $0.339.
Earnings
Before the Open: AMT, DCO, FE, GEHL, GLF, HSIC, LOW, MGA, MRT, ZBRA. After the Close: ACMR, CNTF, CNK, DCI, XCO, FMCN, HLS, HGSI, LDK, NHP, JWN, OKE, OKS, OWW, OEH, RADN, SNDA, TNS, USU, GB. ONB added to the S&P 600 after the close, PQ added to the S&P 600 after the close
 
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 1:11 PM

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