Cannon Trading Futures Blog: Daily Support and Resistance Levels Blog: January 2008

Futures Trading levels and Economic reports for Feb 1st

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Dear Trader,

Interesting rally right before tomorrows unemployment numbers. Should make for another interesting trading day!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1451.40	1937.67	13245	762.17
Resistance 2	1419.40	1899.33	12973	740.83
Resistance 1	1397.20	1863.67	12795	726.67
Pivot	1365.20	1825.33	12523	705.33
Support 1	1343.00	1789.67	12345	691.17
Support 2	1311.00	1751.33	12073	669.83
Support 3	1288.80	1715.67	11895	655.67

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	940.80	1.5013	95.29	120 22/32
Resistance 2	937.00	1.4954	93.80	120 11/32
Resistance 1	932.50	1.4900	92.57	119 26/32
Pivot	928.70	1.4841	91.08	119 15/32
Support 1	924.20	1.4787	89.85	118 30/32
Support 2	920.40	1.4728	88.36	118 19/32
Support 3	915.90	1.4674	87.13	118 2/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Friday, February 01, 2008

Economic

8:30am Jan Change in Nonfarm Payrolls (last 18k), Jan Unemployment (last 5.0%), Jan Change in Manufacturing Payrolls (last –31K), Jan Average Hourly Earning (last m/m 0.4%, y/y 3.7%), Jan Average Weekly Hours (last 33.8)

10:00am Jan Final U of Michigan Confidence (last 80.5), Jan ISM Manufacturing (last 47.7), Jan ISM Prices Paid (last 68), Dec Construction Spending m/m (last 0.1%)

Events

8:00 FDA Drug Safety & Risk Management Advisory Committee, Jan Total Vehicle Sales (last 16.3M), Jan Domestic Vehicle Sales (last 12.5M), Trades Ex-split: CJR 2-1, KWK 2-1. Trades Ex-dividend: ITU $0.007, CRS $0.15, FUN $0.475, IDA $0.30, KMT $0.12, NRF $0.36.

Earnings

Before the Open: AXL, ACI, ADP, CVX, CMI, EL, XOM, GCI, HPOL, JRC, MWV, MF, NMX, OSK, PEG, R, SPG, TDW, VVI. After the Close: 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.

Futures Trading levels and Economic reports for Jan 31st

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Dear Trader,

Fed came with a 50 basis points cut today and gave the market the intial fuel to the upside. However, lack of momentum/volume at the higher level ended with what may be a key downside reversal. The next couple of days will either confirm continued selling pressure or send this market into sideways action.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1416.17	1886.00	12907	737.33
Resistance 2	1401.83	1868.00	12791	726.42
Resistance 1	1376.67	1839.00	12591	720.83
Pivot	1362.33	1821.00	12475	709.92
Support 1	1337.17	1792.00	12275	704.33
Support 2	1322.83	1774.00	12159	693.42
Support 3	1297.67	1745.00	11959	687.83

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	930.67	1.5075	94.12	120
Resistance 2	926.93	1.4982	93.42	119 16/32
Resistance 1	923.77	1.4923	92.65	118 29/32
Pivot	920.03	1.4830	91.95	118 13/32
Support 1	916.87	1.4771	91.18	117 26/32
Support 2	913.13	1.4678	90.48	117 10/32
Support 3	909.97	1.4619	89.71	116 23/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Thursday, January 31, 2008

Economic

8:30am Dec PCE Deflator y/y (last 3.6), Dec PCE Core (last m/m 0.2%, y/y 2.2%), Dec Personal Income (last 0.4%), Dec Personal Spending (last 1.1%), Initial Jobless Claims (last 301K), Continuing Claims (last 2.672M), Q4 Employment Cost Index (last 0.8%)

9:45am Jan Chicago Purchasing Manager (last 56.6)

10:00am Dec Help Wanted Index (last 21), Jan NAPM Milwaukee (last 62)

10:30am Natural Gas Inventories

Events

Carney replaces Dodge as Gov of BoC, 8:00 FDA Veterinary Medicine Advisory Committee, Growth Airline Conference. Trades Ex-split: MHS 3-2, BOLT 3-2. Trades Ex-dividend: CLMT $0.63, C $0.32, ETN $0.50, NBL $0.12, SO $0.403.

Earnings

Before the Open: AGYS, ATK, AHCI, AMSC, APA, AZN, ALV, BPHX, BCO, BMY, BC, BKC, CAM, CRR, CELG, CL, CVS, DCP, RDEN, ENOC, EQT, SSP, FLO, GR, GMCR, GHL, HAE, HBI, HSC, HHS, HP, HERO, HMC, IMCL, RX, ICE, ITG, FSTR, LLL, LB, LANC, LDR, LSTR, LEA, ERIC, MAN, MRO, MA, MAT, MBI, MEG, MPW, MRGE, MESA, MWIV, MYL, NDAQ, NURO, NYT, NWL, NCX, ODFL, OPXT, PTIE, PTRY, PCCC, PCZ, PDC, BPOP, PPL, PG, RDN, RTN, RSTI, RRST, SAF, SFUN, SEIC, SMI, SPIL, SNA, HOT, TSM, TSO, TKR, UTEK, UA, WCC, WU, WYE. During Trading Hours: BUD, IMO. After the Close: ABAX, ACTU, ACS, AFFX, ALTR, ASYT, AVNX, AVID, ACLS, BEZ, BEBE, BCR, CA, ELY, CLS, CX, CERN, CHRT, CSR, COHU, COLM, DDUP, DRIV, DNEX, DLB, DLLR, ERTS, EXAR, FMD, FRNT, GNSS, GGC, GYI, GOOG, HAIN, INFN, IUSA, ISRG, KTOS, LAVA, MEE, MCK, MNT, MCRL, MCHP, MCRS, MIL, MTX, MNST, NTY, NBIX, NEXT, OMCL, ONNN, OPLK, OHB, PKTR, PSEM, PFWD, RFMD, SLRY, ZZ, SMTL, SWIR, SIMO, SXE, STAR, SYMM, TSRA, TRID, VMSI, VRSN, VSAT, ZHNE, ZIGO.

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.

DJ Fed Cuts Fed Funds Rate 0.50-Pt To 3%; Econ Risks Remain

Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.
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

The finest compliment I can receive is a referral from a trusted client.

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.

Futures Trading levels and Economic reports for Jan 30th

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Dear Trader,

2:15pm (Eastern time) FOMC Interest Rate Decision tomorrow Jan 30th

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1383.83	1851.33	12692	723.17
Resistance 2	1375.27	1837.67	12596	715.33
Resistance 1	1368.63	1824.83	12533	711.17
Pivot	1360.07	1811.17	12437	703.33
Support 1	1353.43	1798.33	12374	699.17
Support 2	1344.87	1784.67	12278	691.33
Support 3	1338.23	1771.83	12215	687.17

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	933.90	1.4841	94.03	120 19/32
Resistance 2	930.50	1.4809	92.98	120 4/32
Resistance 1	927.80	1.4784	92.42	119 23/32
Pivot	924.40	1.4752	91.37	119 8/32
Support 1	921.70	1.4727	90.81	118 27/32
Support 2	918.30	1.4695	89.76	118 12/32
Support 3	915.60	1.4670	89.20	117 31/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Wednesday, January 30, 2008

Economic

8:15am Jan ADP Employment Change (last 40K)

8:30am Advance Q4 Annualized GDP (last 4.9%), Q4 Personal Consumption (last 2.8%), Q4 GDP Price Index (last 1.0%), Q4 Core PCE q/q (last 2.0%)

9:00am Treasury's quarterly refunding announcement

10:30am Crude Oil/Gasoline/Distillate Inventories

2:15pm FOMC Interest Rate Decision

Events

8:00am Treasury's McCormick speaks on US-China Trade in New York, 8:30am Former Fed Chairman Greenspan speaks at Investment Forum in Moscow, MBA Mortgage Applications (7:00, last 8.3%). Trades Ex-dividend: SGP $0.065, WY $0.60, AOC $0.15, BMO $0.709, HAS $0.16, IHP $0.25, PETM $0.03, SGP $0.065, UAPH $0.225.

Earnings

Before the Open: AMG, AGN, MO, APU, AUO, BHI, BA, BOBJ, CEG, D, DOV, DSPG, EK, FTD, HES, HOLX, ITW, IMN, IFF, K, KFT, LM, MRK, NCR, NI, OSTK, PAS, PNW, RCL, SAIA, SAP, SEE, SLAB, SO, STE, UGI, UMC, WWW, XEL. After the Close: ADPT, AFL, ADS, AMZN, BLOG, CAI, CDNS, CRUS, CNQR, CVD, CCK, CTS, CYT, DSCM, DNB, EXP, RE, ESLR, FNF, FBN, GIL, HRS, HSTX, ININ, JDSU, KEX, MTSN, MIPS, MUR, NEWP, NVLS, OIIM, OI, PHM, RNOW, SFG, SBUX, TTEK, TLGD, TSCO, VIRL, ZRAN.

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.

Futures Trading levels and Economic reports for Jan 29th

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

Dear Trader,

Big week ahead.

We have earnings (all week) , FOMC (decision due on Wednesday), economic reports (all week) and monthly un-employment (Friday)!

Good trading!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1402.33	1863.17	12748	735.25
Resistance 2	1380.17	1839.58	12572	720.00
Resistance 1	1367.33	1825.17	12473	712.00
Pivot	1345.17	1801.58	12297	696.75
Support 1	1332.33	1787.17	12198	688.75
Support 2	1310.17	1763.58	12022	673.50
Support 3	1297.33	1749.17	11923	665.50

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	943.80	1.4955	94.63	120 22/32
Resistance 2	936.50	1.4868	92.99	120 14/32
Resistance 1	931.80	1.4817	92.05	120 6/32
Pivot	924.50	1.4730	90.41	119 30/32
Support 1	919.80	1.4679	89.47	119 22/32
Support 2	912.50	1.4592	87.83	119 14/32
Support 3	907.80	1.4541	86.89	119 6/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Tuesday, January 29, 2008

Economic

8:30am Dec Durable Goods Orders (last -0.1%, ex transport –0.8%)

9:00am Nov S&P/CS Composite-20 (last y/y –6.1%), Nov S&P/CS Home Price Index (last 192.9)

10:00am TAF Results, Nov Consumer Confidence (last 88.6)

1:00pm Treasury's 5-year note auction results ($14B)

Events

EU's McCreevy meets with Treasury Secretary Paulson & SEC Chairman Cox in Washington DC, ICSC/UBSW Chain Store Sales (7:45, last 0.7%). Redbook Retail Sales (8:55, last 0.7%). ABC Consumer Confidence (last -23). Deutsche Bank Hidden Assets Conference, Wachovia Securities Healthcare Conference. Trades Ex-dividend: ANO $0.18, LNT $0.35, ATR $0.13, FLY $0.40, CRR $0.14, CV $0.23, DEP $0.41, EV $0.15, EPD $0.50, FNM $0.35, FSP $0.31, FT $0.038, GPU $0.375, IRC $0.082, NI $0.23, TXN $0.10, WM $0.15, ZNT $0.50.

Earnings

Before the Open: MMM, AAI, AMB, AEP, AXE, ARM, AVY, BMS, BNI, CP, CAH, CRS, CHTT, CXG, CNX, CVG, COCO, CFC, DOW, LLY, EMC, ENR, ETR, ENTU, FSRV, GKSR, GLYT, GNTX, HW, IVC, JBLU, KEM, KCI, LXK, NNDS, NWA, NYB, OXY, OXPS, PCAR, BTU, PBG, PPC, PII, SMG, SHW, SLGN, SII, TROW, TRV, TUES, X, UIS, USG, VLO, WDR, ZMH. After the Close: ALGN, ALGT, ALL, AMIS, ANEN, AJG, BBOX, BXP, BKI, CHRW, CALD, CLZR, CTX, CB, CSGS, CYBS, CYMI, EGLT, FBC, FLEX, FDRY, HLIT, HPC, HIFN, HTCH, IKAN, IPSU, INFA, ISSI, JLL, LDIS, MASI, NATI, NETL, NAL, PXLW, RHI, SHOR, TRMB, TUP, PAY, WBSN, YHOO.

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.

Futures Trading levels and Economic reports for Jan 28th

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Dear Trader,

What a week!! Major moves, tremendous volatility. Market and traders definitely can use the weekend to re-group....

Will be very interesting to see how next weeks trading unfolds.

Watch 1316 level on the way down and 1366 on the way up. Wide band in between.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1402.17	1929.00	12700	721.00
Resistance 2	1386.33	1901.00	12595	713.00
Resistance 1	1360.17	1847.00	12405	701.00
Pivot	1344.33	1819.00	12300	693.00
Support 1	1318.17	1765.00	12110	681.00
Support 2	1302.33	1737.00	12005	673.00
Support 3	1276.17	1683.00	11815	661.00

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	934.13	1.4847	93.43	122 9/32
Resistance 2	927.57	1.4803	92.40	121 5/32
Resistance 1	919.13	1.4729	91.56	120 16/32
Pivot	912.57	1.4685	90.53	119 12/32
Support 1	904.13	1.4611	89.69	118 23/32
Support 2	897.57	1.4567	88.66	117 19/32
Support 3	889.13	1.4493	87.82	116 30/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Monday, January 28, 2008

Economic

10:00am Dec New Home Sales (last 647K, m/m –9%)

1:00am Treasury's 2-year note auction results, ($24B)

Events

9:00pm State of the Union Address, Term Auction Facility ($30B), ABA Insurance Risk Management Annual Conference, SRI Alternative Investment Roundup Conference, Marcus Evans Private Equity Investment Summit. Trades Ex-dividend: VNO $0.90, NPBC $0.17, MSB $0.515, KNBT $012. CAM added to the S&P 500 after the close, CXW added to the S&P 400 after the close.

Earnings

Before the Open: ACV, ARLP, ASH, BOH, BDK, CRNT, GLW, DEP, EPD, FSNM, FPL, HAL, HMX, MCD, ONB, PVTB, RDWR, REDF, ROH, SWK, SYY, TSN, VZ, YRCW. After the Close: ACTS, ARG, ALB, AXP, AMLN, ATHR, CLMS, CNW, CR, CUTR, EEP, GGG, ICUI, JBHT, JDAS, KRC, MTH, MSPD, NARA, PCL, PLXT, SNDK, SVVS, SSCC, STLY, STLD, UDR, UNM, VMW, VLTR.

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.

Futures Trading levels and Economic reports for Jan25th

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Dear Trader,

The market had to take a breather from the craziness of the last few days.....

Using the daily chart on the SP500 continuation contract, I see a possibility of the market retracing to 1366 and even 1399 while still maintaing a bearish trend.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1382.33	1888.50	12577	722.67
Resistance 2	1369.67	1863.00	12488	714.33
Resistance 1	1361.33	1850.00	12427	704.17
Pivot	1348.67	1824.50	12338	695.83
Support 1	1340.33	1811.50	12277	685.67
Support 2	1327.67	1786.00	12188	677.33
Support 3	1319.33	1773.00	12127	667.17

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	922.20	1.5010	93.18	121 25/32
Resistance 2	916.60	1.4886	91.47	121 4/32
Resistance 1	911.20	1.4818	90.44	120 1/32
Pivot	905.60	1.4694	88.73	119 12/32
Support 1	900.20	1.4626	87.70	118 9/32
Support 2	894.60	1.4502	85.99	117 20/32
Support 3	889.20	1.4434	84.96	116 17/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Friday, January 25, 2008

Economic

None Seen

Events

Trades Ex-dividend: GS $0.35.

Earnings

Before the Open: ABFS, CAT, CBH, CCUR, FO, HOG, HON, IDXX, KNSY, MBFI, MDU, LABL, NS, PRSP, WFT, GWW. After the Close: 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.

Futures Trading levels and Economic reports for Jan 24th

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

Dear Trader,

What can one say?? The Dow had a range of 632 points!!! I think that says it all.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1435.83	1935.00	13107	749.00
Resistance 2	1388.67	1868.00	12694	722.00
Resistance 1	1364.83	1832.00	12484	708.50
Pivot	1317.67	1765.00	12071	681.50
Support 1	1293.83	1729.00	11861	668.00
Support 2	1246.67	1662.00	11448	641.00
Support 3	1222.83	1626.00	11238	627.50

Contract	April Gold	March Euro	Feb. Crude Oil	March. Bonds
Resistance 3	912.73	1.4853	62.45	123 23/32
Resistance 2	904.37	1.4753	61.25	123 9/32
Resistance 1	893.73	1.4684	60.60	122 11/32
Pivot	885.37	1.4584	60.00	121 29/32
Support 1	874.73	1.4515	59.20	120 31/32
Support 2	866.37	1.4415	58.60	120 17/32
Support 3	855.73	1.4346	57.90	119 19/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Thursday, January 24, 2008

Economic

8:30 Initial Jobless Claims (last 301K), Continuing Jobless Claims (last 2.751M)

10:00 Dec Existing Home Sales (last 647K, m/m 0.4%)

10:30 Crude Oil/Gasoline/Distillate Inventories, Natural Gas Inventories

11:00 US Treasury 2- and 5-year note announcement

1:00 US Treasury 10-year TIPS Auction

Events

2:30 Former Fed Chairman Greenspan speaks on economy in Vancouver, Forbes Optimizing IT for the Enterprise Conference, Trades Ex-split: MHS 2-1. Trades Ex-dividend: CAG $0.19, UNM $0.075, CLX $0.40, CKR $0.06, NRIM $0.15.

Earnings

Before the Open: FLWS, ALDN, ALK, ABC, ABI, AVT, AVX, BLL, BAX, CCMP, CRA, CPS, CMCO, ED, CBE, CORS, CY, DHR, DLX, DDE, DVD, EQT, FCS, F, BEN, GMT, HSY, IKN, IMCL, ISCA, IONA, ESI, JNS, KEI, KELYA, KMB, KLIC, LEN, LMT, LYTS, HZO, MHP, MEH, MNRO, MWRK, NOK, NOC, NUE, NVR, ORI, OVRL, PCCC, POT, RYN, REDF, RESP, COL, SPWR, SY, TDY, TEN, T, TXT, UNP, LCC, USAK, UST, VIGN, WRLD, XRX, XOMA, ZOLL. After the Close: ABAX, AMGN, ARBA, AVCT, EPAY, BRCM, BPL, BCR, CSH, CSR, CYN, CPWR, CNTX, CVTI, DV, ETFC, EMN, ESIO, ELX, EXAR, EXTR, EZPW, FII, FRNT, HIG, HTLD, IDTI, IBKR, JJSF, JNPR, KLAC, KTOS, LSCC, LEG, WFR, MCHP, MSCC, MSFT, MSTR, NTY, NINE, OPWV, OPLK, PKI, PMCS, RLRN, SCSC, PCU, SNS, JAVA, SYNA, SNV, TNL, TPX, TRID, TGI, UB, VSEA, VPRT, ZL, ZION.

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.

Futures Trading levels and Economic reports for Jan 22nd

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

Dear Trader,

80 points range on the SP500. Fed lowered rates by 75 basis points. This is extreme volatilty.

I would like to remind you that you must be fully margined before the close as overnight moves are extreme.

In times like this being extra selective in your trade selection is a sign of wise money management and I highly recommend having your stop loss as well as target/game plan before you enter any positions. This is not a time to enter a trade and then figure out what to do.....

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1398.67	1919.00	12635	726.33
Resistance 2	1361.83	1874.00	12360	705.17
Resistance 1	1335.67	1837.00	12160	687.33
Pivot	1298.83	1792.00	11885	666.17
Support 1	1272.67	1755.00	11685	648.33
Support 2	1235.83	1710.00	11410	627.17
Support 3	1209.67	1673.00	11210	609.33

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	934.03	1.4995	96.07	122 17/32
Resistance 2	914.77	1.4817	93.21	121 22/32
Resistance 1	902.53	1.4711	91.15	121 8/32
Pivot	883.27	1.4533	88.29	120 13/32
Support 1	871.03	1.4427	86.23	119 31/32
Support 2	851.77	1.4249	83.37	119 4/32
Support 3	839.53	1.4143	81.31	118 22/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Tuesday, January 22, 2008

Economic

10:00 Jan Richmond Fed Manufacturing Index (last –4)

Events

ICSC/UBSW Chain Store Sales (7:45, last –0.9%). Redbook Retail Sales (8:55, last +0.9%). ABC Consumer Confidence (last -22), JP Morgan High Yield Conference, Sidoti & Company Emerging Growth Institutional Investor Forum. Trades Ex-split: FWLT 2-1. Trades Ex-dividend: AMN $0.25. HMSY added to the S&P 600 after the close.

Earnings

Before the Open: ADTN, AKS, ABK, AMFI, BAC, BKUNA, BJS, BPOP, CSX, DST, DD, ETN, ELS, FAST, FITB, FMER, INVX, JEC, JNJ, KEY, LEE, LM, MDP, VIVO, NCC, PETS, PTEC, PCP, RDN, RF, RGS, SAY, SIFY, SLG, SU, TLAB, UAUA, UNH, USAP, WB, WAT, WGOV. After the Close: ACF, AAPL,CAMD, CREE, FIC, FULT, HBHC, HOKU, IBKC, NSC, PKG, PHHM, PLT SPSN, STM, SUPX, TXN, TRMK.

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.

Futures Trading levels and Economic reports for Jan 22nd

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

Dear Trader,

Wow, what a day, what a week. Both volatility wise as well as the selling pressure. Intraday moves in the market were fast and sharp.

The long weekend will be a good break from the market action (-:

Enjoy your weekend and have a great trading week to come.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1387.33	1926.00	12612	712.17
Resistance 2	1371.17	1907.00	12490	701.83
Resistance 1	1348.33	1878.00	12295	688.17
Pivot	1332.17	1859.00	12173	677.83
Support 1	1309.33	1830.00	11978	664.17
Support 2	1293.17	1811.00	11856	653.83
Support 3	1270.33	1782.00	11661	640.17

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	900.63	1.4758	92.47	120 12/32
Resistance 2	894.77	1.4724	91.63	120 5/32
Resistance 1	888.23	1.4665	90.77	119 28/32
Pivot	882.37	1.4631	89.93	119 21/32
Support 1	875.83	1.4572	89.07	119 12/32
Support 2	869.97	1.4538	88.23	119 5/32
Support 3	863.43	1.4479	87.37	118 28/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Monday, January 21, 2008

Economic

None Seen

Events

Bond and equity markets are closed for Martin Luther King Day. North America International Auto Show, Cleantech World Future Energy Summit.

Earnings

Before the Open: DST, STBA. After the Close: WGOV, FDEF, SLG

Tuesday, January 22, 2008

Economic

10:00 Jan Richmond Fed Manufacturing Index (last –4)

Events

ICSC/UBSW Chain Store Sales (7:45, last –0.9%). Redbook Retail Sales (8:55, last +0.9%). ABC Consumer Confidence (last -22), JP Morgan High Yield Conference, Sidoti & Company Emerging Growth Institutional Investor Forum. Trades Ex-split: FWLT 2-1. Trades Ex-dividend: AMN $0.25. HMSY added to the S&P 600 after the close.

Earnings

Before the Open: ADTN, AKS, ABK, AMFI, BAC, BKUNA, BJS, BPOP, CSX, DST, DD, ETN, ELS, FAST, FITB, FMER, INVX, JEC, JNJ, KEY, LEE, LM, MDP, VIVO, NCC, PETS, PTEC, PCP, RDN, RF, RGS, SAY, SIFY, SLG, SU, TLAB, UAUA, UNH, USAP, WB, WAT, WGOV. After the Close: ACF, AAPL,CAMD, CREE, FIC, FULT, HBHC, HOKU, IBKC, NSC, PKG, PHHM, PLT SPSN, STM, SUPX, TXN, TRMK.

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.

Futures Trading levels and Economic reports for Jan 18th

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

Dear Trader,

Another interesting trading day with additional selling pressure.

Tomorrow is option expiration day. Monday the markets will be closed (Martin Luther King Jr. )

Plan your trade and trade your plan!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1416.83	1947.50	12837	723.50
Resistance 2	1399.67	1926.00	12693	714.50
Resistance 1	1368.83	1891.00	12447	699.00
Pivot	1351.67	1869.50	12303	690.00
Support 1	1320.83	1834.50	12057	674.50
Support 2	1303.67	1813.00	11913	665.50
Support 3	1272.83	1778.00	11667	650.00

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	901.00	1.4845	94.21	121 29/32
Resistance 2	895.50	1.4778	93.20	121 2/32
Resistance 1	888.00	1.4716	91.59	120 18/32
Pivot	882.50	1.4649	90.58	119 23/32
Support 1	875.00	1.4587	88.97	119 7/32
Support 2	869.50	1.4520	87.96	118 12/32
Support 3	862.00	1.4458	86.35	117 28/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Friday, January 18, 2008

Economic

10:00am Jan University of Michigan Confidence (last 75.5), Dec Leading indicators (last –0.4%)

Events

8:00am Fed's Lacker speaks on economic outlook in Richmond, Recommended Bond market early close, Trades Ex-split: STAN 2-1. Trades Ex-dividend: BK $0.24, PSD $0.25, SEH $0.135.

Earnings

Before the Open: ACO, GE, SLB, WL. After the Close: 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.

Futures Trading levels and Economic reports for Jan 17th

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

Dear Trader,

30 point range on the SP500 with wild intraday swings. We closed below the 1385 which is bearish in my eyes.

Big volume as well, more than 3 million contracts on the mini SP.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1421.17	1973.67	12878	730.03
Resistance 2	1409.23	1946.33	12762	720.77
Resistance 1	1392.67	1913.67	12653	710.78
Pivot	1380.73	1886.33	12537	701.52
Support 1	1364.17	1853.67	12428	691.53
Support 2	1352.23	1826.33	12312	682.27
Support 3	1335.67	1793.67	12203	672.28

Contract	Feb Gold	March Euro	Jan. Crude Oil	March. Bonds
Resistance 3	918.33	1.5072	62.45	120 17/32
Resistance 2	908.27	1.4963	61.25	120 7/32
Resistance 1	895.13	1.4806	60.60	119 23/32
Pivot	885.07	1.4697	60.00	119 13/32
Support 1	871.93	1.4540	59.20	118 29/32
Support 2	861.87	1.4431	58.60	118 19/32
Support 3	848.73	1.4274	57.90	118 3/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Thursday, January 17, 2008

Economic

8:30am Dec Housing Starts (last 1.187M), Dec Building Permits (last 1.16M), Initial Jobless Claims (last 322K), Continuing Jobless Claims (2.702M)

10:00am Fed's Bernanke testifies on economic outlook, Jan Philadelphia Fed (last –5.7)

10:30am Natural Gas Inventories

11:00am US Treasury 20-year TIPS announcement

Events

8:15am Fed's Pianalto speaks on US economic outlook in Cleveland, 12:30 Fed's Fisher speaks in Philadelphia on global trade, 1:15pm Fed's Lockhart speaks on US economic outlook in Cleveland, 12:00pm US Treasury dealer meeting agenda, Trades Ex-dividend: CAT $0.36 APA $0.15 OEH $0.025 GGG $0.185 PCBC $0.22.

Earnings

Before the Open: APH, BK, BBT, BLK, BGG, SCHW, CHZ, CIT, CMA, CBH, CAL, DSL, FHN, HBAN, IIIN, IGT, JCI, MMR, MER, NVS, JNC, PH, PNC, PPG, AMTD, USAP. After the Close: CREL, FNB, IBM, INVX, KMP, NVEC, PNFP, RMBS, STX, TRMK, PAY, WM, WIT, XLNX.

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.

Futures Trading levels and Economic reports for Jan 16th

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

Dear Trader,

High volume day, mostly on the down side. We tested the cruicial 1385 level and bounced the first time but closed right above it.

A break below brings 1362 as the next major support with lots of "air" below it......

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1424.43	1983.17	12885	716.33
Resistance 2	1416.07	1963.33	12805	711.42
Resistance 1	1402.23	1936.17	12685	706.33
Pivot	1393.87	1916.33	12605	701.42
Support 1	1380.03	1889.17	12485	696.33
Support 2	1371.67	1869.33	12405	691.42
Support 3	1357.83	1842.17	12285	686.33

Contract	Feb Gold	March Euro	Jan. Crude Oil	March. Bonds
Resistance 3	933.23	1.5002	62.45	120 9/32
Resistance 2	924.27	1.4959	61.25	119 29/32
Resistance 1	913.43	1.4879	60.60	119 23/32
Pivot	904.47	1.4836	60.00	119 11/32
Support 1	893.63	1.4756	59.20	119 5/32
Support 2	884.67	1.4713	58.60	118 25/32
Support 3	873.83	1.4633	57.90	118 19/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Wednesday, January 16, 2008

Economic

8:30am Dec CPI (last m/m 0.8%, y/y 4.3%, ex food and energy m/m 0.3%, y/y 2.3%), CPI NSA (last 210.177)

9:00am Dec Industrial Production (last 0.3%), Dec Capacity Utilization (last 81.5%), Nov Net Long-Term TIC flows (last $114B), Nov Total Net TIC Flows (last $97.8B)

10:30am Crude Oil/Gasoline/Distillate Inventories

1:00pm NAHB Housing Market Index (last 19)

2:00pm Fed Beige Book

Events

MBA Mortgage Applications (7:00, last 32.2%). Trades Ex-dividend: GD $0.29, BCR $0.15, PKI $0.07, LOW $0.08.

Earnings

Before the Open: AMR, ASML, JPM, NITE, LCRY, NTRS, PGR, WFC. After the Close: CLC, GKK, LOGI, OO.

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.

Futures Trading levels and Economic reports for Jan 15th

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

Dear Trader,

Quiet day compare to last week. May be due to lack of any economic reports today. if thats the case, then we should see higher volatility tomorrow as the market will await some reports.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1438.93	1997.00	12970	726.83
Resistance 2	1431.47	1981.00	12902	722.17
Resistance 1	1426.13	1969.00	12851	717.83
Pivot	1418.67	1953.00	12783	713.17
Support 1	1413.33	1941.00	12732	708.83
Support 2	1405.87	1925.00	12664	704.17
Support 3	1400.53	1913.00	12613	699.83

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	918.13	1.5056	96.95	119 10/32
Resistance 2	915.07	1.4982	95.69	119
Resistance 1	909.23	1.4922	94.93	118 24/32
Pivot	906.17	1.4848	93.67	118 14/32
Support 1	900.33	1.4788	92.91	118 6/32
Support 2	897.27	1.4714	91.65	117 28/32
Support 3	891.43	1.4654	90.89	117 20/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Tuesday, January 15, 2008

Economic

8:30am Dec PPI (last m/m 3.2%, y/y 7.2%, ex food and energy last m/m 0.4%, y/y 2.0%), Dec Advance Retail Sales (last 1.2%, less autos last 1.8%), Jan Empire Manufacturing (last 10.3)

10:00am US Treasury TAF auction results, Nov Business Inventories (last 0.1%)

Events

Apple's Steve Jobs Keynote speech at Macworld, Credit Suisse Auto Analysts Conference Jan 15-18, ICSC/UBSW Chain Store Sales (7:45, last +1.9%). Redbook Retail Sales (8:55, last +1.0%). ABC Consumer Confidence (last -20). Trades Ex-dividend: EOG $0.09, GGP $0.50, DLM $0.04, KWR $0.215.

Earnings

Before the Open: C, FRX, LEN, MI, MESA, EDU, STT, USB. During Trading Hours: CBSH. After the Close: CAMP, FUL, INTC, LCBM, LLTC.

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.

Futures Trading levels and Economic reports for Jan 14th

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

Dear Trader,

Due to uncertainty about inflation and the housing mkt has caused a tremendous amount intraday volatility. Traders might have seen glimmer of hope with the CFC BOA deal but ultimately a weak dollar falling note and bond prices have kept this mkt in check in regards to the underlying uncertainty about inflation and the health of the U.S. economy. Look for the 1436.00 resistance area and 1485.00 support area for breaks above and below these levels to confirm short term mkt trends.

Have a great weekend and a great trading week to come!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1444.63	1997.33	13018	726.50
Resistance 2	1434.07	1976.17	12916	723.00
Resistance 1	1421.13	1953.33	12793	719.00
Pivot	1410.57	1932.17	12691	715.50
Support 1	1397.63	1909.33	12568	711.50
Support 2	1387.07	1888.17	12466	708.00
Support 3	1374.13	1865.33	12343	704.00

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	909.97	1.4861	96.50	119 13/32
Resistance 2	905.03	1.4837	95.58	118 27/32
Resistance 1	901.37	1.4804	94.16	118 17/32
Pivot	896.43	1.4780	93.24	117 31/32
Support 1	892.77	1.4747	91.82	117 21/32
Support 2	887.83	1.4723	90.90	117 3/32
Support 3	884.17	1.4690	89.48	116 25/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Monday, January 14, 2008

Economic

10:00 US Treasury TAF auction (no announcement)

Events

3:15pm US Treasury's McCormick talks about environment in California, Macworld Conference & Expo Jan 14-18, Bear Stearns & Co. Latin American and Caribbean Markets Conference, Trades Ex-dividend: CFIS $0.06.

Earnings

Before the Open: FCSX, MTB. After the Close: DNA.

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.

Futures Trading levels and Economic reports for Jan 11th

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

Dear Trader,

Another extremely volatile day. I feel that the market is "in between". The technical tone was bearish until today but rumors on the floor regarding a surprise rate cut and/or Fed intervention in terms of liquidity helped an upside reversal today along with some quick/sharp moves both ways.

As long as we can hold the 1385 level, the bulls have a good chance of rallying the market back to 1450. A break below and the bears take control. We are pretty much in the middle as of todays close.....

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1473.60	2030.00	13307	745.53
Resistance 2	1454.80	2006.00	13143	730.67
Resistance 1	1439.40	1985.00	13007	721.73
Pivot	1420.60	1961.00	12843	706.87
Support 1	1405.20	1940.00	12707	697.93
Support 2	1386.40	1916.00	12543	683.07
Support 3	1371.00	1895.00	12407	674.13

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	930.47	1.5012	98.89	119 26/32
Resistance 2	913.73	1.4912	97.56	119 10/32
Resistance 1	903.67	1.4855	95.91	118 12/32
Pivot	886.93	1.4755	94.58	117 28/32
Support 1	876.87	1.4698	92.93	116 30/32
Support 2	860.13	1.4598	91.60	116 14/32
Support 3	850.07	1.4541	89.95	115 16/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Friday, January 11, 2008

Economic

8:30am Nov Trade Balance (last -$57.8B), Dec Import Price Index (last m/m 2.7%, y/y 11.4%)

2:00pm Dec Monthly Budget Statement (last $42B)

Events

12:45pm Fed's Mishkin speaks on financial markets, risk and policy in New York, 1:00pm Fed's Rosengren speaks at outlook conference in Vermont, Trades Ex-split: None. Trades Ex-dividend: ABT $0.325 BSC $0.32.

Earnings

Before the Open: INFY. After the Close: HALO.

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.

Futures Trading levels and Economic reports for Jan 10th

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

Dear Trader,

Wild day! 30 points range on the SP500. Strong bounce of major support level at 1385.

I hope traders paid attention to what I wrote yesterday, as we saw some moves today of 8 or more SP points in less than 2 minutes!!

Allow me to cut and paste:

" As far as day-trading, I will risk sounding like a broken record if it saves some of you money out there: At times of fast market conditions and high volatility, if you don't know where you will place your stops, what's your initial target before entering the trade - then do NOT take the trade!

If you go in and then start wondering where should you place your stop or what's your next action will be, you are risking getting stuck in a fast market against you that can wipe your account in some cases.

Better to miss a good trade then taking a bunch of bad trades. Know what your overall strategy is before pulling the trigger."

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1455.17	2040.00	13085	745.67
Resistance 2	1435.83	2002.00	12939	730.73
Resistance 1	1423.67	1979.00	12842	721.87
Pivot	1404.33	1941.00	12696	706.93

USA/Canada:		(800) 454-9572
International:		(310) 859-9572

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Cannon Trading Futures Blog: Daily Support and Resistance Levels: Archive

Thursday, January 31, 2008

Friday, February 01, 2008

Wednesday, January 30, 2008

Thursday, January 31, 2008

Tuesday, January 29, 2008

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Monday, January 28, 2008

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Friday, January 25, 2008

Monday, January 28, 2008

Thursday, January 24, 2008

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Tuesday, January 15, 2008

Wednesday, January 16, 2008

Monday, January 14, 2008

Tuesday, January 15, 2008

Friday, January 11, 2008

Monday, January 14, 2008

Thursday, January 10, 2008

Friday, January 11, 2008

Wednesday, January 09, 2008