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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, December 18, 2008

Futures Trading levels and Economic reports for Dec. 19th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 

Main event tomorrow is "Quadruple witching" where stock options, single stock futures, stock index futures contracts and stock index futures options all expire.

 
The last few times, I noticed volatile, choppy action in both directions but as the disclaimer say......past performance is not indicative of future results!
 
Have a great trading day!
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 943.83 1277.17 9200 516.67
Resistance 2 926.67 1257.08 9030 504.63
Resistance 1 907.83 1239.17 8840 492.97
Pivot 890.67 1219.08 8670 480.93
Support 1 871.83 1201.17 8480 469.27
Support 2 854.67 1181.08 8310 457.23
Support 3 835.83 1163.17 8120 445.57
         
Contract  Feb. Gold March Euro Jan. Crude Oil March Bonds 
Resistance 3 904.20            1.5087 49.00 144 29/32
Resistance 2 891.90            1.4887 47.32 143 12/32
Resistance 1 873.40            1.4545 44.91 142  6/32
Pivot 861.10            1.4345 43.23 140 21/32
Support 1 842.60            1.4003 40.82 139 15/32
Support 2 830.30            1.3803 39.14 137 30/32
Support 3 811.80            1.3461 36.73 136 24/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Friday, December 19, 2008


Economic
None seen
Events
The quarterly share rebalance for the S&P 500, 400, 600 and REIT indices will occur at the close of business. Trades Ex-dividend: BVF $0.375, MPW $0.20, EXP $0.10.
Earnings
Before the Open: KMX, JBL. After the Close: CTAS.
 
 
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 1:12 PM

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