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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, February 25, 2008

Futures Trading levels and Economic reports for Feb. 26th

 
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Dear Trader,
 
Choppy action in an upday with no economic numbers to provide any substance.
 
More than a few reports will be released tomorrow. (please see below)
 
Have a good trading day! 
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1411.83 1829.67 12900 737.63
Resistance 2 1393.67 1812.33 12745 725.07
Resistance 1 1382.73 1798.67 12655 718.03
Pivot 1364.57 1781.33 12500 705.47
Support 1 1353.63 1767.67 12410 698.43
Support 2 1335.47 1750.33 12255 685.87
Support 3 1324.53 1736.67 12165 678.83
         
Contract  April Gold March Euro April Crude Oil March Bonds 
Resistance 3 964.83 1.4891 101.98 118  6/32
Resistance 2 958.17 1.4864 100.84 117 19/32
Resistance 1 949.33 1.4841 100.03 116 23/32
Pivot 942.67 1.4814 98.89 116  4/32
Support 1 933.83 1.4791 98.08 115  8/32
Support 2 927.17 1.4764 96.94 114 21/32
Support 3 918.33 1.4741 96.13 113 25/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, February 26, 2008


Economic
8:30 Jan PPI (last m/m –0.3%, y/y 6.3%, ex food & energy m/m 0.2%, y/y 2%)
9:00 Dec S&P/CS Composite-20 (last y/y –7.7%)
10:00 Feb Consumer Confidence (last 87.9), Feb Richmond Manufacturing Index (last –8), Q4 House Price Index (last q/q –0.4%)
2:00 Release of Fed Discount Rate Minutes
Events
12:15pm Fed's Kohn speaks on the economy and monetary policy in North Carolina. ICBI Aircraft Finance & Commercial Aviation Conference. ICSC/UBSW Chain Store Sales (7:45, last –0.7%). Redbook Retail Sales (8:55, last 0.8%). ABC Consumer Confidence (last -37). Trades Ex-dividend: LUV $0.005, LTD $0.15, AWC $0.436, AVA $0.165.
Earnings
Before the Open: ASTE, AZO, BBG, BBI, CALP, CBRL, CBS, CRDN, CFSG, CZN, COWN, DK, DISH, DXYN, DPZ, EP, ESV, FWLT, FDP, FTO, GRB, GVHR, GPI, HSII, HNZ, HD, ISPH, IGLD, KBR, KSWS, LIOX, M, MEDE, MCCC, MDH, BABY, ODP, PKD, PEI, PFGC, PNK, PMI, POZN, KWK, RSH, RRI, SAFM, SRE, SIRI, SAH, SSYS, TGT, TDS, THC, TNC, TTI, TWTI, TWP, UNT, USM, VNO, WNR. During Trading Hours: NX, THO. After the Close: ALO, AHS, APSG, ARUN, ADSK, AXTI, BARE, BMRN, BTUI, CRI, LNG, COGT, CVA, CVTX, DWA, DY, EDR, ERES, GCFB, GSIG, HCKT, HCN, HLEX, HLF, JRT, MASI, MXWL, ORA, OSG, PZZA, PCR, RRC, SONE, SCRX, SEAB, SCI, BID, LNUX, STAA, SGY, SPN, TX, TIE, URS, WRNC, WRI.
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 1:20 PM

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