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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, March 03, 2008

Futures Trading levels and Economic reports for March 4th 2008

 
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Dear Trader,
 
 
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1354.17 1783.17 12432 704.67
Resistance 2 1344.93 1765.83 12358 696.83
Resistance 1 1338.57 1751.67 12307 690.67
Pivot 1329.33 1734.33 12233 682.83
Support 1 1322.97 1720.17 12182 676.67
Support 2 1313.73 1702.83 12108 668.83
Support 3 1307.37 1688.67 12057 662.67
         
Contract  April Gold March Euro April Crude Oil June Bonds 
Resistance 3 1000.67 1.5387 107.17 119 10/32
Resistance 2 996.33 1.5330 105.56 118 30/32
Resistance 1 990.27 1.5266 103.99 118 24/32
Pivot 985.93 1.5209 102.38 118 12/32
Support 1 979.87 1.5145 100.81 118  6/32
Support 2 975.53 1.5088 99.20 117 26/32
Support 3 969.47 1.5024 97.63 117 20/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, March 04, 2008


Economic
9:00am BOC Interest Rate Decision
Events
9:00am Fed Chairman Bernanke speaks on mortgage foreclosures in Florida. 1:00pm Fed's Fisher speaks in London on inflation & growth. 1:00pm Fed's Mishkin speaks on economy in Arlington, VA. Redbook Retail Sales (8:55, last +0.4%). ABC Consumer Confidence (last -37). Bear Sterns Retail, Restaurants & Consumer Confidence Conference, SEMI Semiconductor Processing Technology Conference. Trades Ex-split: PRXL 2-1, NJR 3-2. Trades Ex-dividend: LM $0.24, RCI $0.247, BBD $0.019.
Earnings
Before the Open: CRMT, BLT, CFSG, CLWR, GRB, JTX, JRCC, PRFT, PMI, QXM, SPLS, TECD, TSL, RMIX, VOL, WRES, WCI, XRIT. During Trading Hours: SNHY, THO. After the Close: CHS, CPRT, DIET, GSX, GOLF, HLYS, IDSY, INSU, JRT, KCP, KONG, MFB, OPMR, TUTR, SALM, SMTC, WCAA.
 
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 1:14 PM

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