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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, March 13, 2008

Futures Trading levels and Economic reports for March 14th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Volatile, high volume roll over day and the result is that we finished almost unchanged (up 3.5 points)
 
Don't forget that we are trading the June contract now.
 
Good trading!
 
LEVELS:
 

Contract (June 2008)

SP500 (big & Mini)

Nasdaq100 (big & Mini)

Dow Jones (big & Mini)

Mini Russell

Resistance 3

1371.40

1845.33

12614

716.33

Resistance 2

1347.80

1807.67

12420

698.67

Resistance 1

1331.40

1781.33

12277

689.33

Pivot

1307.80

1743.67

12083

671.67

Support 1

1291.40

1717.33

11940

662.33

Support 2

1267.80

1679.67

11746

644.67

Support 3

1251.40

1653.33

11603

635.33

Contract

April Gold

June Euro

April Crude Oil

June Bonds

Resistance 3

1007.13

1.5687

62.45

121 13/32

Resistance 2

1004.07

1.5623

61.25

120 18/32

Resistance 1

998.93

1.5583

60.60

119 12/32

Pivot

995.87

1.5519

60.00

118 17/32

Support 1

990.73

1.5479

59.20

117 11/32

Support 2

987.67

1.5415

58.60

116 16/32

Support 3

982.53

1.5375

57.90

115 10/32

 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, March 14, 2008


Economic
8:30am Feb CPI (last m/m 0.4%, y/y 4.3%; ex food & energy last m/m 0.3%, y/y 2.5%)
10:00am March University of Michigan Confidence (last 70.8)
Events
DD Investor Day Meeting (8:30am), GCI Analyst Meeting (12:45pm). Trades Ex-dividend: RF $0.38, PHM $0.04, AWH $0.18, OHB $0.02.
Earnings
Before the Open: ANN, GEL, LIZ, NVAX, STRL. After the Close: PAY.
 
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 1:18 PM

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