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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, February 27, 2008

Futures Trading levels and Economic reports for Feb. 28th

 
*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 1404.80 1847.33 12908 740.67
Resistance 2 1396.90 1828.67 12834 733.33
Resistance 1 1388.60 1814.33 12763 724.67
Pivot 1380.70 1795.67 12689 717.33
Support 1 1372.40 1781.33 12618 708.67
Support 2 1364.50 1762.67 12544 701.33
Support 3 1356.20 1748.33 12473 692.67
         
Contract  April Gold March Euro April Crude Oil March Bonds 
Resistance 3 975.33 1.5342 103.88 117 30/32
Resistance 2 969.67 1.5240 102.98 117 12/32
Resistance 1 965.33 1.5180 101.23 116 25/32
Pivot 959.67 1.5078 100.33 116  7/32
Support 1 955.33 1.5018 98.58 115 20/32
Support 2 949.67 1.4916 97.68 115  2/32
Support 3 945.33 1.4856 95.93 114 15/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, February 28, 2008


Economic
8:30 Preliminary Q4 Annualized GDP (last 0.6%), Preliminary Q4 Personal Consumption (last 2%), Preliminary Q4 GDP Price Index (last 2.6%), Preliminary Q4 Core PCE q/q (last 2.7%), Initial Jobless Claims (last 349K), Continuing Claims (last 2.784M)
10:00 Jan Help Wanted Index (last 22)
10:30 Natural Gas Inventories
1:00 US Treasury's 5-year note acution
Events
10:00am Fed Chairman Bernanke testifies before Senate Panel on monetary policy. 8:00am FDA Anti-Effective Drugs Advisory Committee Meeting. Credit Suisse San Francisco Aerospace & Defense Conference. Trades Ex-split: RBN 2-1. Trades Ex-dividend: MCK $0.06, HAL $0.09, SLE $0.105.
Earnings
Before the Open: ABH, ACW, ABV, ARCC, AACC, AVCI, BRL, BNT, BX, BRKR, CVC, CPHL, CDI, CNP, CETV, GTLS, CSK, CTB, CMLS, DLM, DT, DTG, DRQ, EMCI, EPL, FAF, FLR, FRE, GTI, HANS, HSP, IDCC, VTIV, IPGP, IRM, SFI, KG, LNY, MIC, MEMY, MPR, MDS, MINI, NAFC, NZ, NRF, NOVN, NRG, OMG, OCR, OPXT, PEIX, PRX, PDGI, PDE, RHD, RAS, FRZ, REV, SGK, SHLD, SFD, S, SRT, SCMR, SYPR, TSTY, TEF, TWGP, ULBI, VRX, VVUS, WTI, WMAR, WPL, XMSR. During Trading Hours: GCA, RDC. After the Close: JOBS, AIG, ARBX, ADBL, BEAS, BGFV, BIO, BVN, BLG, CPHD, JRJC, CMED, CTV, RIO, DECK, DELL, DWRI, DRC, DTSI, EVC, FCH, FGXI, FNET, FCN, GPS, GRP, GUID, HEI, HLX, IDSY, IGTE, IMMR, INAP, DMX, KSS, KOSN, LINE, LOOK, MENT, MOVE, NLST, NINE, NXG, NOVL, OVTI, LGBT, SAPE, SGMS, SIE, SONS, SWN, TLM, TFX, URI, UHS, YSI, UTSI, VMSI, PAY, VIMC, INT.
 
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 1:15 PM

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