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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, February 29, 2008

Futures Trading levels and Economic reports for March 3rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Hope everyone will enjoy a great trading month in March!
 
As you can see from the chart below (March SP500, continuation chart, day session only), we are still trading in this wide range of 1320 to 1400 for more than a month now.....
 
If I had to guess, I would think there is a higher chance of us breaking lower, but in this market, anyones guess is good.....
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1379.90 1811.67 12675 698.30
Resistance 2 1367.30 1796.33 12573 697.90
Resistance 1 1350.40 1772.67 12431 697.20
Pivot 1337.80 1757.33 12329 696.80
Support 1 1320.90 1733.67 12187 696.10
Support 2 1308.30 1718.33 12085 695.70
Support 3 1291.40 1694.67 11943 695.00
         
Contract  April Gold March Euro April Crude Oil June Bonds 
Resistance 3 989.67 1.5323 104.40 120  1/32
Resistance 2 983.33 1.5278 103.73 119 11/32
Resistance 1 979.17 1.5227 102.71 119     
Pivot 972.83 1.5182 102.04 118 10/32
Support 1 968.67 1.5131 101.02 117 31/32
Support 2 962.33 1.5086 100.35 117  9/32
Support 3 958.17 1.5035 99.33 116 30/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, March 03, 2008


Economic
10:00am Dec ISM Manufacturing (last 50.7), Dec ISM Prices Paid (last 76), Jan Construction Spending m/m (last –1.1%)
Events
8:00am Fed's Plosser speaks on monetary policy in Arlington, VA. 2:00pm Fed's Kroszner speaks on risk management at banker's conference. Feb Total & Domestic Vehicle Sales. Deutsche Bank Emerging Opportunities and New Frontiers Conference, Morgan Stanley Technology Conference, Raymond James Institutional Investor's Conference, TradeTech USA Conference. Trades Ex-dividend: CTX $0.04, BFB $0.34, HOG $0.30, AVY $0.41, SWK $0.31.
Earnings
Before the Open: ALY, FVE, GEHL, HBC. After the Close: JOBS, ABM, ACMR, AVAV, BAS, BEXP, CMOS, CCRN, FNSR, FLML, FMCN, HMIN, LF, MWY, NCS, OMPI, OWW, RADN, SLXP, SNTS, SUPG, OVEN.
 
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 1:22 PM

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