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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, March 10, 2008

Futures Trading levels and Economic reports for March 11th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
1262 was the low during the day session on January 22nd of this year.  1255.50 was the low that same day, during the night session.
 
That zone is a major support and it will be interesting to see the market reaction if and when we test it.
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1313.23   12069 677.33
Resistance 2 1304.47   11994 669.67
Resistance 1 1290.33   11885 657.83
Pivot 1281.57   11810 650.17
Support 1 1267.43   11701 638.33
Support 2 1258.67   11626 630.67
Support 3 1244.53   11517 618.83
         
Contract  April Gold March Euro April Crude Oil June Bonds 
Resistance 3 990.37 1.5489 113.54 120 24/32
Resistance 2 982.93 1.5445 110.87 119 25/32
Resistance 1 977.37 1.5397 109.41 119  5/32
Pivot 969.93 1.5353 106.74 118  6/32
Support 1 964.37 1.5305 105.28 117 18/32
Support 2 956.93 1.5261 102.61 116 19/32
Support 3 951.37 1.5213 101.15 115 31/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, March 11, 2008


Economic
8:30am Jan Trade Balance (last -$58.8B)
10:00am March IBD/TIPP Economic Optimism (last 44.5)
10:00am Treasury's TAF Results
Events
8:30am FDA Anesthetic & Life Support Drugs Advisory Committee. MO Investor Presentation (8:30am), CVX Analyst Meeting (9:00 am), AMAT Shareholders Meeting (2:00pm). ICSC/UBSW Chain Store Sales (7:45am, last –0.6%). Redbook Retail Sales (8:55am, last +0.4%). ABC Consumer Confidence (last -34). Bank of America Consumer Conference, Credit Suisse MIPIM Conference. Trades Ex-dividend: HD $0.225, FIS $0.05, BRY $0.75, ELY $0.07.
Earnings
Before the Open: CAS, BONT, DKS, ESLT, ENG, GIGM, GSOL, GPX, KR, PLUG, QXM, RCNI, SGK, SEH, SSI, STEI, SWSI, BKE, VOL, WMAR. During Trading Hours: SAM, PNY, THO. After the Close: BLTI, BUCA, PSS, DMND, DIVX, EXLS, ICFI, JCG, JRT, MBLX, NGAS, OPMR, PBY, SVNT, SOMX, TTWO, UBET.
 
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 1:13 PM

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