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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, April 14, 2008

Futures Trading levels and Economic reports for April 15th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Quiet session today ahead of tomorrows "tax day".
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1346.60 1830.17 12455 701.87
Resistance 2 1341.90 1822.08 12410 697.93
Resistance 1 1336.60 1809.17 12363 692.37
Pivot 1331.90 1801.08 12318 688.43
Support 1 1326.60 1788.17 12271 682.87
Support 2 1321.90 1780.08 12226 678.93
Support 3 1316.60 1767.17 12179 673.37
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 940.63 1.6094 115.13 120 26/32
Resistance 2 937.57 1.5967 113.56 120 15/32
Resistance 1 933.13 1.5874 112.70 119 28/32
Pivot 930.07 1.5747 111.13 119 17/32
Support 1 925.63 1.5654 110.27 118 30/32
Support 2 922.57 1.5527 108.70 118 19/32
Support 3 918.13 1.5434 107.84 118     
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, April 15, 2008


Economic
8:30am March PPI (last m/m 0.3%, y/y 6.4%, ex food & energy last m/m 0.5%, y/y 2.4%), April Empire Manufacturing (last –22.2)
9:00am Feb Net Long-term TIC Flows (last $62.0B), Feb Total Net TIC Flows (last $37.4B)
1:00pm April NAHB Housing Market Index (last 20)
Events
CIBC Energy Conference. RBC Platinum Group Metals Conference. SunTrust Institutional Conference. ICSC/UBSW Chain Store Sales (7:45, last 0.7%). Redbook Retail Sales (8:55, last 0.8%). ABC Consumer Confidence (last -34). Trades Ex-dividend: RRD $0.26, AYI $0.13, DLM $0.04, DMND $0.045, ABV $0.862.
Earnings
Before the Open: ADTN, BKRS, BHP, FRX, GMTN, IIIN, JNJ, MTB, MI, NTRS, PII, QXM, RF, STT, USB. After the Close: CHB, CSX, HCSG, INTC, LLTC, RLRN, RUSHA, STX, SORC, WM.
 
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 1:28 PM

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