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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, March 12, 2008

Rollover notice + Trading levels and Economic reports for March 13th

 
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Dear Trader,
 

Please note that Equity Indices products; ES, NQ, ER2, EMD and YM roll on Thursday the 13th at 8:30 am Chicago time from the March 08 contract to the June 08 contract. The month code for June is 'M'. Last trade for March Currencies is Monday the 17th, please close any open March Currencies position by the close on Friday the 14th.

 
LEVELS:  provided by www.technicalanalytics.com visit for a 10 day free trial.
 
 
 
 
BONDS M   CRUDE J  
   
RESISTANCE   RESISTANCE  
  121.03   ******* 114.00  
  120.25     113.65  
******* 120.17   ****** 113.00  
******* 120.10     112.60  
****** 120.00     112.25  
  119.24   ***** 111.75  
***** 119.16   **** 111.10  
*** 119.03   ** 110.50  
   
CLOSE 118.25   CLOSE 109.92  
   
SUPPORT   SUPPORT  
*** 118.17   ** 109.50  
  118.08   **** 109.02  
***** 118.00     108.45  
  117.22   ***** 108.00  
****** 117.13     107.55  
******* 117.02     106.90  
******* 116.20   ****** 106.10  
  116.09   ******* 105.50  
             
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
S&P M   NASDAQ M DOW M  
     
RESISTANCE   RESISTANCE   RESISTANCE  
  1,356.00   ******* 1,825.00   ******* 12,470.00  
******* 1,350.00     1,815.00   ******* 12,405.00  
  1,344.00   ******* 1,801.00     12,370.00  
****** 1,338.00   ****** 1,788.00   ****** 12,320.00  
  1,333.50   ***** 1,774.00     12,295.00  
***** 1,328.00   **** 1,763.00   ***** 12,260.00  
**** 1,321.00   *** 1,755.00   *** 12,215.00  
** 1,316.00       ** 12,175.00  
     
CLOSE 1,311.50   CLOSE 1,742.00   CLOSE 12,129.00  
     
SUPPORT   SUPPORT   SUPPORT  
** 1,307.00   ** 1,730.00   ** 12,105.00  
*** 1,302.00   *** 1,715.00   *** 12,075.00  
***** 1,296.00   **** 1,702.00   **** 12,040.00  
  1,290.10   ***** 1,688.00   ***** 12,002.00  
  1,284.50   ****** 1,675.00   ****** 11,950.00  
****** 1,278.00     1,661.00   ******* 11,902.00  
  1,273.00   ******* 1,650.00     11,860.00  
  1,267.00       ******* 11,805.00  
                     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, March 13, 2008


Economic
8:30am Initial Jobless Claims (last 351K), Continuing Claims (last 2.831M), Feb Import Price Index (last m/m 1.7%, y/y 13.7%), Feb Advanced Retail Sales (last 0.3%, ex autos 0.3%)
10:00am Jan Business Inventories (last 0.6%)
10:30am Natural Gas Inventories
1:00pm 10-Year Note Auction Results
Events
8:00am FDA Oncological Drugs Advisory Committee, Baird Growth Stock Conference, Bear Stearns London Healthcare Conference. Trades Ex-dividend: AVF $0.481, EMN $0.44.
Earnings
Before the Open: KDE, AMT, ARD, BNT, BVF, BRNC, CCL, CRYP, CAO, DFS, EPEX, EFJI, GCO, GTOP, GLBC, HDIX, IFLO, IMAX, LNY, TMR, MEI, MNTG, NGPC, PEIX, SOLF, SURW, TICC, TRGL, WCG, WON, WSM, WPL. After the Close: ACMR, ARO, ARTE, ABTL, CHDN, COGO, DEIX, DHOM, HILL, HRLY, HIBB, IFON, INTX, KNTA, MED, MRGE, NTN, PSUN, POWR, QLTY, RDNT, SEAC, SIE, SRSL, TRLG, VIMC, ZIPR, ZUMZ
 
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 4:27 PM

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