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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, February 28, 2008

Futures Trading levels and Economic reports for Feb 29th

 
*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 1388.37 1830.50 12740 720.67
Resistance 2 1382.93 1820.75 12692 716.83
Resistance 1 1374.37 1802.50 12635 710.17
Pivot 1368.93 1792.75 12587 706.33
Support 1 1360.37 1774.50 12530 699.67
Support 2 1354.93 1764.75 12482 695.83
Support 3 1346.37 1746.50 12425 689.17
         
Contract  April Gold March Euro April Crude Oil March Bonds 
Resistance 3 980.83 1.5421 108.14 119  9/32
Resistance 2 975.17 1.5322 105.55 118 20/32
Resistance 1 971.33 1.5265 104.08 118  5/32
Pivot 965.67 1.5166 101.49 117 16/32
Support 1 961.83 1.5109 100.02 117  1/32
Support 2 956.17 1.5010 97.43 116 12/32
Support 3 952.33 1.4953 95.96 115 29/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, February 29, 2008


Economic
8:30 Jan PCE Deflator y/y (last 3.5%), Jan PCE Core (last m/m 0.2%, y/y 2.2%), Jan Personal Income (last 0.5%), Jan Personal Spending (last 0.2%)
9:45 Feb Chicago PMI (last 51.5)
10:00 Feb U of Michigan Confidence (last 69.6), Feb NAPM Milwaukee (last 58)
Events
11:00am Fed's Mishkin, Rosengren speak at monetary policy forum. 12:15pm Fed's Lockhart speaks on panel on subprime crisis. 1:30pm Fed's Evans, Poole speak at monetary policy forum in New York. Trades Ex-dividend: KEY $0.375, NDSN $0.183, PCBK $0.10.
Earnings
Before the Open: AFR, AMCS, BF.B, CSAR, CDL, CDE, XTEX, XTXI, IART, IPG, IWA, MGLN, MSA, NNI, SEPR, SUG, WCRX, WR. After the Close: FOE, POM.
 
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 1:35 PM

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