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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, December 29, 2008

Futures Trading levels and Economic reports for Dec. 30th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Two more trading days left in 2008, which will go down as one of the most volatile years of recent history.
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 895.43 1227.83 8722 494.10
Resistance 2 883.47 1208.92 8606 484.90
Resistance 1 876.93 1192.83 8547 476.30
Pivot 864.97 1173.92 8431 467.10
Support 1 858.43 1157.83 8372 458.50
Support 2 846.47 1138.92 8256 449.30
Support 3 839.93 1122.83 8197 440.70
         
Contract  Feb. Gold March Euro Feb. Crude Oil March Bonds 
Resistance 3 908.87            1.4603 47.09 142 30/32
Resistance 2 900.43            1.4469 44.64 142 12/32
Resistance 1 889.87            1.4202 42.42 141 16/32
Pivot 881.43            1.4068 39.97 140 29/32
Support 1 870.87            1.3801 37.75 140  1/32
Support 2 862.43            1.3667 35.30 139 15/32
Support 3 851.87            1.3400 33.08 138 19/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Tuesday, December 30, 2008


Economic
9:00am S&P Case Shiller Home price index (last 161.6), Composite-20 y/y (last –17.4%)
9:45am Dec Chicago PMI (last 33.8)
10:00am Dec Consumer Confidence (last 44.9), TAF results
3:00pm TSLF announcement
Events
ICSC/UBSW Chain Store Sales (7:45, last +2.6%). Redbook Retail Sales (8:55, last –1.1%). ABC Consumer Confidence (last -48). Trades Ex-Dividend: ANDE $0.085, APD $0.44, BMY $0.31 RTN $0.28
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 1:39 PM

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