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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, April 21, 2008

Futures Trading levels and Economic reports for Apr. 22nd

 
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Dear Trader,
 

VERY quiet session. With no reports and lighter volume, perhaps due to Passover, we saw a very subdued trading session.

 

Earning reports + housing figures tomorrow, should change that picture.

 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1405.33 1953.00 12956 725.50
Resistance 2 1398.67 1937.50 12900 722.50
Resistance 1 1394.33 1928.00 12863 720.25
Pivot 1387.67 1912.50 12807 717.25
Support 1 1383.33 1903.00 12770 715.00
Support 2 1376.67 1887.50 12714 712.00
Support 3 1372.33 1878.00 12677 709.75
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 944.47 1.6109 120.51 118 12/32
Resistance 2 937.93 1.6011 119.13 117 24/32
Resistance 1 927.77 1.5952 118.43 117 13/32
Pivot 921.23 1.5854 117.05 116 25/32
Support 1 911.07 1.5795 116.35 116 15/32
Support 2 904.53 1.5697 114.97 115 27/32
Support 3 894.37 1.5638 114.27 115 16/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, April 22, 2008


Economic
10:00am March Existing Home Sales (last 5.03M, m/m 2.9%), Feb House Price Index m/m (last –1.1%), April Richmond Fed Manufacturing Index (last 6)
Events
AFSA International Fixed Income Investors Conference. ICSC/UBSW Chain Store Sales (7:45, last +0.9%). Redbook Retail Sales (8:55, last +2.0%). ABC Consumer Confidence (last -39). Trades Ex-dividend: CL $0.40, ENI $0.39.
Earnings
Before the Open: AKS, AXE, ARB, ASTE, T, AUO, ALV, AVY, BHI, BKRS, BJS, EAT, CP, CSL, CE, CNC, CME, COH, CPO, CFC, DD, ECA, FITB, FMER, GNTX, HSC, HBAN, IEX, IIVI, JEC, JEF, JBLU, JRN, KELYA, KMB, KCI, KVHI, LAB, LXK, LMT, MCD, MDP, MICC, NCC, NS, OMC, OXPS, PCAR, PH, BTU, PNR, PAS, PTEC, RYN, ROH, SSW, SHW, SII, SNA, STI, TCB, TLAB, UAUA, UNH, USG, WDR, WAT, WU, WTNY, WYE. After the Close: RNT, AMSG, ANAD, ANEN, BRCM, CHRW, CDNS, CLMS, CLZR, CRI, CEC, CERN, CREE, CSGS, CYMI, DFG, EGP, EW, WIRE, ENTU, FCFS, FBC, FULT, HBHC, HGIC, IBKC, ILMN, INFN, IVGN, LDSH, LDIS, MANH, MOLX, NARA, NETL, NSC, NUVA, ODFL, ONNN, ORLY, PXLW, PPDI, RJF, RCRC, RHI, SEAB, SIAL, SIMG, SWKS, SSCC, TCO, TER, TRMK, TUP, VFC, VMW, VOCS, XL, YHOO, YUM, ZHNE.
 
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 1:05 PM

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