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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, April 15, 2008

Futures Trading levels and Economic reports for April 16th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Seems like the trading sessions these past few days, have been less volatile with less volume as market participants are observing the different earning reports.
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1355.30 1838.50 12520 703.08
Resistance 2 1347.00 1823.50 12449 697.67
Resistance 1 1342.10 1811.50 12407 694.83
Pivot 1333.80 1796.50 12336 689.42
Support 1 1328.90 1784.50 12294 686.58
Support 2 1320.60 1769.50 12223 681.17
Support 3 1315.70 1757.50 12181 678.33
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 947.67 1.5936 117.05 120 12/32
Resistance 2 943.73 1.5883 115.57 119 27/32
Resistance 1 937.87 1.5812 114.77 119  4/32
Pivot 933.93 1.5759 113.29 118 20/32
Support 1 928.07 1.5688 112.49 117 29/32
Support 2 924.13 1.5635 111.01 117 12/32
Support 3 918.27 1.5564 110.21 116 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, April 16, 2008


Economic
8:30am March CPI (last m/m 0.0%, y/y 4.0%; ex food & energy last m/m 0.0%, y/y 2.3%), March Housing Starts (last 1.065M), March Building Permits (last 984K)
9:15am March Industrial Production (last –0.5%), March Capacity Utilization (last 80.4%)
10:30am Crude Oil/Gasoline/Distillate Inventories
2:00pm Fed Beige Book
Events
11:45am Fed's Yellen speaks in Alameda, CA on US outlook. 12:30pm Fed's Plosser speaks on monetary policy in Pennsylvania. 8:30am FDA Pediatric Oncology Subcommittee. MBA Mortgage Applications (7:00, last 5.4%). Trades Ex-split: BBD 3-2. Trades Ex-dividend: PKI $0.07, LOW $0.08.
Earnings
Before the Open: ABT, AMB, AMR, ASML, BMI, KO, ITW, JCI, JPM, NITE, LUFK, MTOX, MTG, EDU, PJC, SSW, STJ, WFC, WWW. After the Close: ALTR, ATR, AVCT, CAVM, CNW, CCK, DTLK, EBAY, GILD, GKK, IBM, ISIL, KMP, KNX, KNL, LEG, PLCM, RMBS, SOV, SPSN, TER, UFPI.
 
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 1:04 PM

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