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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, January 31, 2008

Futures Trading levels and Economic reports for Feb 1st

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

posted by Cannon Trading at 1:20 PM 0 comments

Wednesday, January 30, 2008

Futures Trading levels and Economic reports for Jan 31st

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

posted by Cannon Trading at 1:06 PM 1 comments

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

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

 

 
 
Sincerely,
Ilan Levy-Mayer, M.B.A
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.

posted by Cannon Trading at 11:18 AM 0 comments

Tuesday, January 29, 2008

Futures Trading levels and Economic reports for Jan 30th

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

posted by Cannon Trading at 1:17 PM 1 comments

Monday, January 28, 2008

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