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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, December 23, 2008

Futures Trading levels and Economic reports for Dec. 24th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Happy Holidays to you and your loved ones!
 
Stock index futures will close at 12:15 central tomorrow!! 
 
complete holiday hours for all markets at:
 
 
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 892.97 1233.67 8737 493.47
Resistance 2 885.23 1219.83 8652 486.73
Resistance 1 870.97 1202.67 8519 476.07
Pivot 863.23 1188.83 8434 469.33
Support 1 848.97 1171.67 8301 458.67
Support 2 841.23 1157.83 8216 451.93
Support 3 826.97 1140.67 8083 441.27
         
Contract  Feb. Gold March Euro Feb. Crude Oil March Bonds 
Resistance 3 869.93            1.4091 43.40 142 24/32
Resistance 2 859.87            1.4042 42.03 142     
Resistance 1 849.93            1.3990 40.54 141 14/32
Pivot 839.87            1.3941 39.17 140 21/32
Support 1 829.93            1.3889 37.68 140  3/32
Support 2 819.87            1.3840 36.31 139 11/32
Support 3 809.93            1.3788 34.82 138 25/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Wednesday, December 24, 2008


Economic
8:30am Nov Personal Income (last 0.3%), Nov Personal Spending (last -1.0%), Nov PCE Deflator y/y (last 3.2%), Dec PCE Core (last m/m 0.0%, y/y 2.1%), Nov Durable Goods Orders (last -6.9, ex transport -5.4%), Initial Jobless Claims (last 554K), Continuing Claims (last 4.384M)
10:35am Crude Oil/Gasoline/Distillate Inventories
12:00am Natural Gas Inventories
2:00pm TSLF auction
Events
Equity and bond market recommended early close, MBA Mortgage Applications (7:00, last 2.9%). Trades Ex-dividend: CAG $0.19.
Earnings
None Seen
 
 
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 1:16 PM

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