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

Futures Trading levels and Economic reports for March 3rd

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Dear Trader,

Hope everyone will enjoy a great trading month in March!

As you can see from the chart below (March SP500, continuation chart, day session only), we are still trading in this wide range of 1320 to 1400 for more than a month now.....

If I had to guess, I would think there is a higher chance of us breaking lower, but in this market, anyones guess is good.....

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1379.90	1811.67	12675	698.30
Resistance 2	1367.30	1796.33	12573	697.90
Resistance 1	1350.40	1772.67	12431	697.20
Pivot	1337.80	1757.33	12329	696.80
Support 1	1320.90	1733.67	12187	696.10
Support 2	1308.30	1718.33	12085	695.70
Support 3	1291.40	1694.67	11943	695.00

Contract	April Gold	March Euro	April Crude Oil	June Bonds
Resistance 3	989.67	1.5323	104.40	120 1/32
Resistance 2	983.33	1.5278	103.73	119 11/32
Resistance 1	979.17	1.5227	102.71	119
Pivot	972.83	1.5182	102.04	118 10/32
Support 1	968.67	1.5131	101.02	117 31/32
Support 2	962.33	1.5086	100.35	117 9/32
Support 3	958.17	1.5035	99.33	116 30/32

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

Monday, March 03, 2008

Economic

10:00am Dec ISM Manufacturing (last 50.7), Dec ISM Prices Paid (last 76), Jan Construction Spending m/m (last –1.1%)

Events

8:00am Fed's Plosser speaks on monetary policy in Arlington, VA. 2:00pm Fed's Kroszner speaks on risk management at banker's conference. Feb Total & Domestic Vehicle Sales. Deutsche Bank Emerging Opportunities and New Frontiers Conference, Morgan Stanley Technology Conference, Raymond James Institutional Investor's Conference, TradeTech USA Conference. Trades Ex-dividend: CTX $0.04, BFB $0.34, HOG $0.30, AVY $0.41, SWK $0.31.

Earnings

Before the Open: ALY, FVE, GEHL, HBC. After the Close: JOBS, ABM, ACMR, AVAV, BAS, BEXP, CMOS, CCRN, FNSR, FLML, FMCN, HMIN, LF, MWY, NCS, OMPI, OWW, RADN, SLXP, SNTS, SUPG, OVEN.

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 Feb 29th

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Dear Trader,

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1388.37	1830.50	12740	720.67
Resistance 2	1382.93	1820.75	12692	716.83
Resistance 1	1374.37	1802.50	12635	710.17
Pivot	1368.93	1792.75	12587	706.33
Support 1	1360.37	1774.50	12530	699.67
Support 2	1354.93	1764.75	12482	695.83
Support 3	1346.37	1746.50	12425	689.17

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	980.83	1.5421	108.14	119 9/32
Resistance 2	975.17	1.5322	105.55	118 20/32
Resistance 1	971.33	1.5265	104.08	118 5/32
Pivot	965.67	1.5166	101.49	117 16/32
Support 1	961.83	1.5109	100.02	117 1/32
Support 2	956.17	1.5010	97.43	116 12/32
Support 3	952.33	1.4953	95.96	115 29/32

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

Friday, February 29, 2008

Economic

8:30 Jan PCE Deflator y/y (last 3.5%), Jan PCE Core (last m/m 0.2%, y/y 2.2%), Jan Personal Income (last 0.5%), Jan Personal Spending (last 0.2%)

9:45 Feb Chicago PMI (last 51.5)

10:00 Feb U of Michigan Confidence (last 69.6), Feb NAPM Milwaukee (last 58)

Events

11:00am Fed's Mishkin, Rosengren speak at monetary policy forum. 12:15pm Fed's Lockhart speaks on panel on subprime crisis. 1:30pm Fed's Evans, Poole speak at monetary policy forum in New York. Trades Ex-dividend: KEY $0.375, NDSN $0.183, PCBK $0.10.

Earnings

Before the Open: AFR, AMCS, BF.B, CSAR, CDL, CDE, XTEX, XTXI, IART, IPG, IWA, MGLN, MSA, NNI, SEPR, SUG, WCRX, WR. After the Close: FOE, POM.

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 Feb. 28th

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

Dear Trader,

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1404.80	1847.33	12908	740.67
Resistance 2	1396.90	1828.67	12834	733.33
Resistance 1	1388.60	1814.33	12763	724.67
Pivot	1380.70	1795.67	12689	717.33
Support 1	1372.40	1781.33	12618	708.67
Support 2	1364.50	1762.67	12544	701.33
Support 3	1356.20	1748.33	12473	692.67

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	975.33	1.5342	103.88	117 30/32
Resistance 2	969.67	1.5240	102.98	117 12/32
Resistance 1	965.33	1.5180	101.23	116 25/32
Pivot	959.67	1.5078	100.33	116 7/32
Support 1	955.33	1.5018	98.58	115 20/32
Support 2	949.67	1.4916	97.68	115 2/32
Support 3	945.33	1.4856	95.93	114 15/32

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

Thursday, February 28, 2008

Economic

8:30 Preliminary Q4 Annualized GDP (last 0.6%), Preliminary Q4 Personal Consumption (last 2%), Preliminary Q4 GDP Price Index (last 2.6%), Preliminary Q4 Core PCE q/q (last 2.7%), Initial Jobless Claims (last 349K), Continuing Claims (last 2.784M)

10:00 Jan Help Wanted Index (last 22)

10:30 Natural Gas Inventories

1:00 US Treasury's 5-year note acution

Events

10:00am Fed Chairman Bernanke testifies before Senate Panel on monetary policy. 8:00am FDA Anti-Effective Drugs Advisory Committee Meeting. Credit Suisse San Francisco Aerospace & Defense Conference. Trades Ex-split: RBN 2-1. Trades Ex-dividend: MCK $0.06, HAL $0.09, SLE $0.105.

Earnings

Before the Open: ABH, ACW, ABV, ARCC, AACC, AVCI, BRL, BNT, BX, BRKR, CVC, CPHL, CDI, CNP, CETV, GTLS, CSK, CTB, CMLS, DLM, DT, DTG, DRQ, EMCI, EPL, FAF, FLR, FRE, GTI, HANS, HSP, IDCC, VTIV, IPGP, IRM, SFI, KG, LNY, MIC, MEMY, MPR, MDS, MINI, NAFC, NZ, NRF, NOVN, NRG, OMG, OCR, OPXT, PEIX, PRX, PDGI, PDE, RHD, RAS, FRZ, REV, SGK, SHLD, SFD, S, SRT, SCMR, SYPR, TSTY, TEF, TWGP, ULBI, VRX, VVUS, WTI, WMAR, WPL, XMSR. During Trading Hours: GCA, RDC. After the Close: JOBS, AIG, ARBX, ADBL, BEAS, BGFV, BIO, BVN, BLG, CPHD, JRJC, CMED, CTV, RIO, DECK, DELL, DWRI, DRC, DTSI, EVC, FCH, FGXI, FNET, FCN, GPS, GRP, GUID, HEI, HLX, IDSY, IGTE, IMMR, INAP, DMX, KSS, KOSN, LINE, LOOK, MENT, MOVE, NLST, NINE, NXG, NOVL, OVTI, LGBT, SAPE, SGMS, SIE, SONS, SWN, TLM, TFX, URI, UHS, YSI, UTSI, VMSI, PAY, VIMC, INT.

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 Feb. 27th

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Dear Trader,

Strong resistance above at 1400 level basis the March SP. Plenty of volatility and range for day-traders.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1416.50	1862.00	13003	745.67
Resistance 2	1402.30	1836.50	12872	734.83
Resistance 1	1392.40	1816.00	12783	728.17
Pivot	1378.20	1790.50	12652	717.33
Support 1	1368.30	1770.00	12563	710.67
Support 2	1354.10	1744.50	12432	699.83
Support 3	1344.20	1724.00	12343	693.17

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	968.77	1.5239	104.70	117 4/32
Resistance 2	959.63	1.5107	102.92	116 21/32
Resistance 1	954.27	1.5034	102.01	116 11/32
Pivot	945.13	1.4902	100.23	115 28/32
Support 1	939.77	1.4829	99.32	115 18/32
Support 2	930.63	1.4697	97.54	115 3/32
Support 3	925.27	1.4624	96.63	114 25/32

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

Wednesday, February 27, 2008

Economic

8:30 Jan Durable Goods Orders (last 5%, ex transport 2.3%)

10:00 Jan New Home Sales (last 604K, m/m –4.7%)

10:30 Crude Oil/Gasoline/Distillate Inventories

1:00 US Treasury's 2-year note auction

Events

8:30am ECB's Wellink speaks in New York. 10:00am Fed Chairman Bernanke testifies before House Panel on monetary policy. 10am Fed's Mishkin speaks on financial literacy in Washington DC. 8:00am FDA Anti-Effective Drugs Advisory Committee Meeting. CIBC Israeli Technology Equities Conference, Credit Suisse AES & Equity Derivatives Forum, Deutsche Bank Brazil CEO Conference, Terrapinn Indexing & ETF Investments Asia Conference. MBA Mortgage Applications (7:00, last –22.6%). Trades Ex-dividend: QCOM $0.14, RX $0.03, D $0.395, ANF $0.175.

Earnings

Before the Open: AER, AMED, WTR, ALC, ATPG, BLT, BYD, CBI, CHTR, CKP, CLHB, CCOI, DLTR, RRD, DYN, EIX, ENOC, FRP, FSS, ICTG, IHP, IHR, KNDL, LAMR, LXP, LIFC, TVL, LKQX, MCGC, PCS, MTCT, NIHD, NBL, OC, HK, PDC, PXP, SPW, TOL, VPHM. After the Close: AIRN, ARNA, CDR, CEDC, CNL, FIX, CTRP, DDS, DBRN, DRCO, EGLE, BAGL, ESPD, DAVE, FVE, FLS, GMR, GMKT, GEF, INTX, LEAP, LHCG, LTD, MANT, MDR, MEDX, MRX, MGI, NKTR, NUVO, PDLI, PSA, CRM, SMSI, STAK, STNR, TK, TELK, TS, TYL, WLL.

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 Feb. 26th

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

Dear Trader,

Choppy action in an upday with no economic numbers to provide any substance.

More than a few reports will be released tomorrow. (please see below)

Have a good trading day!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1411.83	1829.67	12900	737.63
Resistance 2	1393.67	1812.33	12745	725.07
Resistance 1	1382.73	1798.67	12655	718.03
Pivot	1364.57	1781.33	12500	705.47
Support 1	1353.63	1767.67	12410	698.43
Support 2	1335.47	1750.33	12255	685.87
Support 3	1324.53	1736.67	12165	678.83

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	964.83	1.4891	101.98	118 6/32
Resistance 2	958.17	1.4864	100.84	117 19/32
Resistance 1	949.33	1.4841	100.03	116 23/32
Pivot	942.67	1.4814	98.89	116 4/32
Support 1	933.83	1.4791	98.08	115 8/32
Support 2	927.17	1.4764	96.94	114 21/32
Support 3	918.33	1.4741	96.13	113 25/32

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

Tuesday, February 26, 2008

Economic

8:30 Jan PPI (last m/m –0.3%, y/y 6.3%, ex food & energy m/m 0.2%, y/y 2%)

9:00 Dec S&P/CS Composite-20 (last y/y –7.7%)

10:00 Feb Consumer Confidence (last 87.9), Feb Richmond Manufacturing Index (last –8), Q4 House Price Index (last q/q –0.4%)

2:00 Release of Fed Discount Rate Minutes

Events

12:15pm Fed's Kohn speaks on the economy and monetary policy in North Carolina. ICBI Aircraft Finance & Commercial Aviation Conference. ICSC/UBSW Chain Store Sales (7:45, last –0.7%). Redbook Retail Sales (8:55, last 0.8%). ABC Consumer Confidence (last -37). Trades Ex-dividend: LUV $0.005, LTD $0.15, AWC $0.436, AVA $0.165.

Earnings

Before the Open: ASTE, AZO, BBG, BBI, CALP, CBRL, CBS, CRDN, CFSG, CZN, COWN, DK, DISH, DXYN, DPZ, EP, ESV, FWLT, FDP, FTO, GRB, GVHR, GPI, HSII, HNZ, HD, ISPH, IGLD, KBR, KSWS, LIOX, M, MEDE, MCCC, MDH, BABY, ODP, PKD, PEI, PFGC, PNK, PMI, POZN, KWK, RSH, RRI, SAFM, SRE, SIRI, SAH, SSYS, TGT, TDS, THC, TNC, TTI, TWTI, TWP, UNT, USM, VNO, WNR. During Trading Hours: NX, THO. After the Close: ALO, AHS, APSG, ARUN, ADSK, AXTI, BARE, BMRN, BTUI, CRI, LNG, COGT, CVA, CVTX, DWA, DY, EDR, ERES, GCFB, GSIG, HCKT, HCN, HLEX, HLF, JRT, MASI, MXWL, ORA, OSG, PZZA, PCR, RRC, SONE, SCRX, SEAB, SCI, BID, LNUX, STAA, SGY, SPN, TX, TIE, URS, WRNC, WRI.

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 Feb. 25th

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

Dear Trader,

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1395.20	1829.33	12740	715.17
Resistance 2	1376.10	1804.67	12575	706.33
Resistance 1	1365.70	1791.33	12490	700.67
Pivot	1346.60	1766.67	12325	691.83
Support 1	1336.20	1753.33	12240	686.17
Support 2	1317.10	1728.67	12075	677.33
Support 3	1306.70	1715.33	11990	671.67

Contract	April Gold	March Euro		March. Bonds
Resistance 3	967.37	1.4930		118 13/32
Resistance 2	959.93	1.4893		118 4/32
Resistance 1	953.87	1.4856		117 19/32
Pivot	946.43	1.4819		117 10/32
Support 1	940.37	1.4782		116 25/32
Support 2	932.93	1.4745		116 16/32
Support 3	926.87	1.4708		115 31/32

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

Monday, February 25, 2008

Economic

10:00 Jan Existing Home Sales (last 4.89M, m/m –2.2%)

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

Events

9:50am Fed's Kroszner speaks on risk management in New York. 3:30pm Fed's Mishkin speaks on inflation in North Carolina. BMO Capital Markets Global Metals & Mining Conference, CLSA Japan Forum, Credit Suisse Global Services Conference, Friedland Capital Global Equities Conference. Trades Ex-dividend: HON $0.275, MHP $0.22, ITU $0.339.

Earnings

Before the Open: AMT, DCO, FE, GEHL, GLF, HSIC, LOW, MGA, MRT, ZBRA. After the Close: ACMR, CNTF, CNK, DCI, XCO, FMCN, HLS, HGSI, LDK, NHP, JWN, OKE, OKS, OWW, OEH, RADN, SNDA, TNS, USU, GB. ONB added to the S&P 600 after the close, PQ added to the S&P 600 after the close

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 Feb. 22nd

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

Dear Trader,

Still in a range when looking at the daily chart below.....

It will be interesting to see what happens once we breakout either way. Hope everyone will enjoy good trading this Friday!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1393.60	1848.33	12708	737.67
Resistance 2	1381.30	1829.67	12607	728.83
Resistance 1	1363.80	1801.33	12463	712.67
Pivot	1351.50	1782.67	12362	703.83
Support 1	1334.00	1754.33	12218	687.67
Support 2	1321.70	1735.67	12117	678.83
Support 3	1304.20	1707.33	11973	662.67

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	967.30	1.4993	103.06	119 4/32
Resistance 2	962.20	1.4912	101.70	118 13/32
Resistance 1	955.70	1.4857	99.60	117 26/32
Pivot	950.60	1.4776	98.24	117 3/32
Support 1	944.10	1.4721	96.14	116 16/32
Support 2	939.00	1.4640	94.78	115 25/32
Support 3	932.50	1.4585	92.68	115 6/32

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

Friday, February 22, 2008

Economic

None Seen

Events

US Treasury's TAF Announcement, Dec PPI Revisions. Trades Ex-dividend: JNJ $0.415, DHT $0.35, JRN $0.08, MRP $0.055.

Earnings

Before the Open: EVVV, GEL, HTV, HUN, LTM, LECO, PCG. During Trading Hours: SYNM

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 feb. 21st

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

Dear Trader,

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1399.33	1840.67	12758	732.83
Resistance 2	1381.97	1818.33	12612	721.92
Resistance 1	1371.23	1805.67	12523	716.33
Pivot	1353.87	1783.33	12377	705.42
Support 1	1343.13	1770.67	12288	699.83
Support 2	1325.77	1748.33	12142	688.92
Support 3	1315.03	1735.67	12053	683.33

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	968.87	1.4864	104.04	117 8/32
Resistance 2	954.13	1.4793	102.45	116 22/32
Resistance 1	945.97	1.4746	101.17	116 10/32
Pivot	931.23	1.4675	99.58	115 24/32
Support 1	923.07	1.4628	98.30	115 12/32
Support 2	908.33	1.4557	96.71	114 26/32
Support 3	900.17	1.4510	95.43	114 14/32

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

Thursday, February 21, 2008

Economic

8:30am Initial Jobless Claims (last 348K), Continuing Jobless Claims (last 2.761M)

10:00am Jan Leading Indicators (last –0.2%), Philadelphia Fed (last 20.9)

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

Events

Credit Suisse Global Forest Products Conference. Trades Ex-dividend: GE $0.31, VMC $0.49, AIZ $0.12, ATO $0.325, CAN $0.15, FAST $0.25. NPBC added to the S&P Smallcap 600 after the close.

Earnings

Before the Open: ANSS, ABG, BLDP, ABX, BCSI, BRNC, BRKR, CSK, CMS, CDE, CPA, CRY, DNR, EME, ENDP, ETM, FSS, GILT, GLBL, HRB, HOS, ICLR, IFLO, IDC, ITRN, JCP, KDN, MVSN, MATR, MEMY, MRGE, MGM, MLAN, MINI, NEM, GAS, ZEUS, PASS, PDCO, QLTI, PWR, DGX, FRZ, RS, SWY, SCHS, POOL, SYPR, TSCM, TTC, TRW, VCI, VDSI, VTAL, WAB, WMB, ZLC. After the Close: ASCA, ARBX, AVR, BLG, CAB, CBEY, CHE, CHK, STV, CLF, CTV, CYH, DWRI, DITC, DHOM, ESRX, FST, FNET, GFIG, HVT, HLTH, HME, SOLD, HYC, INSU, IBI, INTU, DMX, ME, MWY, MORN, NCI, NINE, ORH, ASGN, ORCC, ONXX, OSIP, PCR, PHRM, PRAA, PGI, QDEL, RRGB, ROP, RUTH, SBAC, CKH, SM, TELK, NCTY, UEIC, UTSI, WOOF, VMSI, VIMC, VM, VLCM, WBMD.

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 Feb. 20th

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

Dear Trader,

Two sided action after the long weekend and we pretty much closed unchanged. Looking for more volatility in the market tomorrow as traders will analyze housing starts, CPI and FOMC minutes.

Have a good, short trading week!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	3137.49	3567.96	12696	726.00
Resistance 2	2252.85	2689.48	12603	719.50
Resistance 1	1804.17	2235.74	12494	712.50
Pivot	919.53	1357.26	12401	706.00
Support 1	470.85	903.52	12292	699.00
Support 2	-413.79	25.04	12199	692.50
Support 3	-862.47	-428.70	12090	685.50

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	943.20	1.4882	105.37	117 21/32
Resistance 2	938.60	1.4815	102.72	117 6/32
Resistance 1	934.20	1.4766	101.13	116 20/32
Pivot	929.60	1.4699	98.48	116 5/32
Support 1	925.20	1.4650	96.89	115 19/32
Support 2	920.60	1.4583	94.24	115 4/32
Support 3	916.20	1.4534	92.65	114 18/32

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

Wednesday, February 20, 2008

Economic

8:30am Jan CPI (last m/m 0.4%, y/y 4.1%; ex food & energy last m/m 0.2%, y/y 2.4%), Jan Housing Starts (last 1.006M), Jan Building Permits (last 1.086M)

2:00pm FOMC Minutes from Jan 29-30 meeting

Events

1:30pm Fed's Poole speaks at Truman State University in Missouri. FDA Vaccines and Related Biological Products Advisory Committee. CIBC World Markets Institutional Investor Conference, Piper Jaffray Clean Technology & Renewables Conference. MBA Mortgage Applications (7:00, last –2.1%). Trades Ex-dividend: CCL $0.40, CUK $0.40, LIZ $0.056, EFX $0.04, CMI $0.125, MBJ $0.067.

Earnings

Before the Open: ABH, ALD, AVA, BRC, XEC, CYBX, FRP, GRMN, GCFB, GCFB, WOLF, HMA, HST, HURN, JBX, JAKK, KOP, LOJN, PQ, POSS, RIMG, SPNC, STXS, STP, THI, TJX, RIG, TWB, WPI. After the Close: ACTL, AEM, AEL, ARII, ADI, ARNA, BDN, BLDR, CECO, CTLM, CSGP, EMAG, FADV, FR, GMR, GIVN, GW, HTZ, ITRI, LFG, LAD, LOCM, LNET, MSSR, MCRI, NANO, NCIT, NVTL, OCNW, OII, PDLI, PGTI, PROS, PSYS, ROIAK, RRR, SINA, STAK, STKL, SNPS, TK, TEX, TRN, TQNT, VRGY.

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 Feb 19th

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

Dear Trader,

We are off Monday, back to normal Tuesday! Enjoy the long weekend.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1367.00	1814.33	12474	708.50
Resistance 2	1359.00	1802.67	12421	705.50
Resistance 1	1354.50	1793.33	12383	700.75
Pivot	1346.50	1781.67	12330	697.75
Support 1	1342.00	1772.33	12292	693.00
Support 2	1334.00	1760.67	12239	690.00
Support 3	1329.50	1751.33	12201	685.25

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	934.13	1.4783	98.66	117 28/32
Resistance 2	926.57	1.4740	97.67	117 17/32
Resistance 1	916.33	1.4705	96.65	117 8/32
Pivot	908.77	1.4662	95.66	116 29/32
Support 1	898.53	1.4627	94.64	116 20/32
Support 2	890.97	1.4584	93.65	116 9/32
Support 3	880.73	1.4549	92.63	116

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

Monday, February 18, 2008

Economic

None Seen

Events

Bond and equity markets are closed for the President's Day holiday. Roth Capital Partners OC Growth Stock Conference, TDWI World Conference.

Earnings

After the Close: ACLI, FSR, NTG, ROCK.

Tuesday, February 19, 2008

Economic

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

Events

9:00am Fed's Stern speaks on US economy in Golden Valley, MN. ICSC/UBSW Chain Store Sales (7:45, last –0.7%). Redbook Retail Sales (8:55, last +0.6%). Consumer Analyst Group of New York Conference, POWER-GEN Renewable Energy & Fuels Conference, UBS Brazil 2008 CEO Conference. ABC Consumer Confidence (last -37). Trades Ex-dividend: AVP $0.20, PH $0.21, MSFT $0.11, TOC $0.27, ACBA $0.05. NYSE index changes into effect at the start of trading: CVX, BAC. HON and MO are removed.

Earnings

Before the Open: ACLI, AMWD, COWN, EXR, FVRL, FOSL, FNDT, GPC, ROCK, GTXI, HOC, MSO, MVL, MHS, MDT, NATL, OMX, ORBK, GLT, PGIC, ROC, RTI, SINT, JOE, SHOO, SWSI, TRAD, TRMA, UTHR, UNFI, VICL, WMT, WSO, WST, WLK. After the Close: RNT, ACMR, AMSG, ARTC, CACS, CRI, CEC, CHB, CQB, CROX, TRAK, DTSI, EPIQ, EQY, EEFT, HNSN, HPQ, TEG, IRBT, JCOM, JRT, LZB, LXRX, LLNW, LTXX, MASI, MRH, NTRI, NUVA, ODSY, OIS, ORLY, PCTI, PTP, RADN, SCRX, STEC, SVR, TEAM, TXRH, THRM, UCTT, UPL, UAM, VRAZ, WLT, WFMI.

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 Feb. 15th

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

Dear Trader,

Bearish tone has prevailed as of lately. Rallies are not as vicious and the sell offs are quicker. Longer term picture we are still in this wide range between 1317 and 1398 and we are pretty much in the middle......

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1386.90	1856.58	12707	738.50
Resistance 2	1378.30	1841.67	12633	731.00
Resistance 1	1364.40	1817.83	12507	718.00
Pivot	1355.80	1802.92	12433	710.50
Support 1	1341.90	1779.08	12307	697.50
Support 2	1333.30	1764.17	12233	690.00
Support 3	1319.40	1740.33	12107	677.00

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	925.93	1.4762	98.50	118 24/32
Resistance 2	920.87	1.4699	97.04	118 6/32
Resistance 1	915.83	1.4663	96.13	117 10/32
Pivot	910.77	1.4600	94.67	116 24/32
Support 1	905.73	1.4564	93.76	115 28/32
Support 2	900.67	1.4501	92.30	115 10/32
Support 3	895.63	1.4465	91.39	114 14/32

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

Friday, February 15, 2008

Economic

8:30am Jan Import Price Index (last m/m 0.0%, y/y 10.9%), Jan Empire Manufacturing (last 9.0)

9:00am Dec Net Long-term TIC Flows (last $90.9B), Dec Total Net Tic Flows (last $149.9B)

9:15am Jan Industrial Production (last 0.0%), Jan Capacity Utilization (last 81.4%)

10:00am Feb University of Michigan Confidence (last 78.4)

Events

1:15pm Fed's Mishkin speaks on tools for financial disruptions, Recommended Bond market early close. Trades Ex-split: WGOV 2-1. Trades Ex-dividend: SLB $0.21, MRO $0.24, MCO $0.10, EDS $0.05, TGT $0.14, AFL $0.24.

Earnings

Before the Open: ANF, ALE, B, CPB, DSX, HRL, SJM, RDN, SCG, YGE. During trading hours: SYNM.

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 Feb. 14th

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

Dear Trader,

Happy Valentines Day!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1393.33	1868.00	12779	738.17
Resistance 2	1381.67	1848.50	12679	730.33
Resistance 1	1374.33	1837.00	12614	725.67
Pivot	1362.67	1817.50	12514	717.83
Support 1	1355.33	1806.00	12449	713.17
Support 2	1343.67	1786.50	12349	705.33
Support 3	1336.33	1775.00	12284	700.67

Contract	April Gold	March Euro	March Crude Oil	March. Bonds
Resistance 3	927.30	1.4661	62.45	119 8/32
Resistance 2	920.40	1.4624	61.25	118 29/32
Resistance 1	915.30	1.4592	60.60	118 16/32
Pivot	908.40	1.4555	60.00	118 5/32
Support 1	903.30	1.4523	59.20	117 24/32
Support 2	896.40	1.4486	58.60	117 13/32
Support 3	891.30	1.4454	57.90	117

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

Thursday, February 14, 2008

Economic

8:30am Dec Trade Balance (last -$63.1B), Initial Jobless Claims (last 356K), Continuing Claims (last 2.785M)

10:30am Natural Gas Inventories

Events

10:00am Fed Chairman Bernanke, Treasury Sec Paulson and SEC Chairman Cox testify before the Senate Banking Committee, 1:30pm Fed's Evans speaks on the US economic outlook in Chicago, 7:30pm Former Fed Chairman Greenspan speaks on the economy in Houston. Marcus Evans Covered Bonds Conference. Trades Ex-dividend: WAG $0.095, LLL $0.30, $0.18, ASH $0.275, ARM $0.10, IKN $0.04.

Earnings

Before the Open: EYE, AMRI, ALXN, AEE, ANPI, ARB, ASFI, AGIX, AUXL, BRY, BBW, CAPA, CTL, CSK, CMCSA, CRYP, CYBI, DAI, ECLP, ECA, FIS, FCL, FTE, FCN, GTIV, GOL, GT, HL, HUN, IDA, INCY, IR, JAH, KDN, KONA, KOP, LNCE, LTM, LUFK, CLI, MAR, MRGE, MESA, MGM, MNTA, NRP, NXY, NWN, PTEN, PDS, PGN, SPAR, STFC, SSYS, STRA, SFY, TASR, TSCM, THS, TSL, TRXI, ULBI, VNDA, VC. After the Close: AATI, AW, AMMD, ASCA, ANST, ARBX, ARRS, ASIA, BBSI, BNHN, BJRI, BFAM, BRCD, BUCY, BLG, CPKI, CBOU, CTLM, CENX, CTHR, CEM, CMG, CCU, CCO, CGNX, CTCT, CRAY, DCT, DIVX, EHTH, ESRX, FTI, FNET, GMST, GGC, HITT, LTXX, MCHX, NHP, NCI, ONXX, PEET, PCR, LGBT, PCLN, QDEL, RADS, SINA, SONO, SPSX, USTR, UHCO, UTSI, VMSI, VM, WTW, WMGI.

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 Feb. 13th

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

Dear Trader,

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1385.63	1859.00	12650	723.33
Resistance 2	1374.47	1838.00	12560	718.17
Resistance 1	1362.33	1814.00	12470	711.33
Pivot	1351.17	1793.00	12380	706.17
Support 1	1339.03	1769.00	12290	699.33
Support 2	1327.87	1748.00	12200	694.17
Support 3	1315.73	1724.00	12110	687.33

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	937.57	1.4742	95.88	119 13/32
Resistance 2	931.03	1.4673	95.01	119 1/32
Resistance 1	921.07	1.4622	93.79	118 24/32
Pivot	914.53	1.4553	92.92	118 12/32
Support 1	904.57	1.4502	91.70	118 3/32
Support 2	898.03	1.4433	90.83	117 23/32
Support 3	888.07	1.4382	89.61	117 14/32

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

Wednesday, February 13, 2008

Economic

8:30am Jan Advanced Retail Sales (last –0.4%, ex autos –0.4%)

10:00am Dec Business Inventories (last 0.4%)

10:30am Crude Oil/Gasoline/Distillate Inventories

Events

AFP Corporate Risk Forum, Credit Suisse Software Conference, Deutsche Bank Small & Mid Cap Growth Conference, Standard & Poors Housing Conference. MBA Mortgage Applications (7:00, last 3.0%). Trades Ex-dividend: IP $0.25, DUK $0.22, CVX $0.58, CIT $0.25, TE $0.195.

Earnings

Before the Open: SMLC, ACGY, AGU, BLC, BCRX, BWY, CBR, KO, DAKT, DF, DE, DTV, ELN, EAC, FSLR, GWR, GENZ, GNA, HPT, HBC, JNY, JRN, ID, MTG, MICC, NICE, NOVA, PTR, PFCB, PLA, PKX, RTP, TOT, TRX, VG, WMI. During trading hours: DIOD. After the Close: AEA, AAP, A, MDRX, AGP, AMKR, AGII, BIDU, COG, CCRT, CPSS, CLB, OFC, DVW, DVA, DENN, EGP, EQIX, GNK, GPRO, GSIC, HS, HPY, HIMX, IM, IPAS, LPSN, MSSR, MOBE, MHK, MOH, NTGR, NTAP, NVDA, PVA, PVR, PLAB, PAA, RMKR, SKX, STMP, SMMX, TTGT, KNOT, MDCO, TWPG, VCLK, VTR, VMC, XFML, ZGEN.

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 Feb 12th

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

Dear Trader,

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1369.97	1836.33	12487	720.50
Resistance 2	1356.23	1819.67	12371	712.75
Resistance 1	1347.97	1807.83	12307	706.00
Pivot	1334.23	1791.17	12191	698.25
Support 1	1325.97	1779.33	12127	691.50
Support 2	1312.23	1762.67	12011	683.75
Support 3	1303.97	1750.83	11947	677.00

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	940.30	1.4658	99.06	120 29/32
Resistance 2	934.90	1.4610	96.89	120 10/32
Resistance 1	930.80	1.4561	95.26	119 26/32
Pivot	925.40	1.4513	93.09	119 7/32
Support 1	921.30	1.4464	91.46	118 23/32
Support 2	915.90	1.4416	89.29	118 4/32
Support 3	911.80	1.4367	87.66	117 20/32

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

Tuesday, February 12, 2008

Economic

10:00am Feb IBD/TIPP Economic Optimism Survey (last 43.2)

2:00pm Jan Monthly Budged Statement (last $38.2B)

Events

11:05am Fed's Yellen speaks on the economy in San Francisco. CIBC Human Capital Management Conference. ICSC/UBSW Chain Store Sales (7:45, last 1.7%). Redbook Retail Sales (8:55, last 0.2%). ABC Consumer Confidence (last -33). Trades Ex-dividend: AMAT $0.06, MER $0.35, WEN $0.125, RDC $0.10.

Earnings

Before the Open: ACM, ALLT, ANR, BXC, CBZ, CCE, COWN, CYNO, ECL, EMS, ENTG, ENZN, EXPD, GM, GILT, GBE, LIOX, MAC, MMC, MAS, TAP, NURO, NAT, OMC, ORCT, PMI, Q, SGP, SWSI, ELOS, TCO, TEVA, TRAD, WSO, WWE, WYN, XTO. After the Close: ACAS, ACLI, ARP, ANAD, AMAT, ARUN, CAR, NILE, BOBE, BWLD, CALL, CACS, CSCD, CEPH, COHR, DFG, DDR, EXEL, FRT, BGC, HIW, XPRT, MASI, MIG, MOSY, NHWK, OSUR, PNRA, PRAA, STR, RCRC, RUSHA, SIAL, SPSS, TIE, VOLC, WTS, WYNN.

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 Feb. 11th

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

Dear Trader,

Hope everyone will have (or had if you reading this on Monday) a great weekend and ready for a full week of trading!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1363.63	1824.00	12485	723.20
Resistance 2	1353.07	1804.00	12395	716.10
Resistance 1	1342.13	1790.00	12285	707.70
Pivot	1331.57	1770.00	12195	700.60
Support 1	1320.63	1756.00	12085	692.20
Support 2	1310.07	1736.00	11995	685.10
Support 3	1299.13	1722.00	11885	676.70

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	937.03	1.4641	97.13	119 28/32
Resistance 2	930.77	1.4587	94.55	119 12/32
Resistance 1	926.53	1.4543	93.15	119 1/32
Pivot	920.27	1.4489	90.57	118 17/32
Support 1	916.03	1.4445	89.17	118 6/32
Support 2	909.77	1.4391	86.59	117 22/32
Support 3	905.53	1.4347	85.19	117 11/32

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

Monday, February 11, 2008

Economic

None Seen

Events

6:00pm Fed's Poole speaks about position as Fed bank president in St. Louis. GSMA Mobile World Congress, ICBI Institutional Fund Management Conference, Marcus Evans Asset Management Forum, USB Global Healthcare Services Conference. Trades Ex-split: SID 3-1, LYVN 2-1. Trades Ex-dividend: WYE $0.28, ED $0.585, VLO $0.12, X $0.25, ANCX $0.01.

Earnings

Before the Open: AFG, BWP, BRO, CSL, CG, CAN, HAS, EZCH, LCAV, LTR, MCY, NSSC, SRP, BRLC, TNB, VAL, BER. After the Close: NDN, ARE, ASEI, AGO, BDE, BRKS, CRL, CNK, CRK, CUZ, CW, CUTR, FADV, FDG, FWRD, GGP, GLUU, HGR, HCP, LNCR, LGF, NFX, NUAN, OWW, PACR, QGEN, RADN, SNDA, SFN, SPRT, TWTC, VERCO, VRTX, VSTA, WCN.

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 Feb. 8th

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

Dear Trader,

Volatile two sided action today. Not sure on market direction , as we made a fresh low (since jan 24th) yet finished the day higher.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1383.03	1858.33	12573	727.50
Resistance 2	1365.77	1821.67	12457	717.50
Resistance 1	1352.03	1791.33	12358	709.00
Pivot	1334.77	1754.67	12242	699.00
Support 1	1321.03	1724.33	12143	690.50
Support 2	1303.77	1687.67	12027	680.50
Support 3	1290.03	1657.33	11928	672.00

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	929.50	1.4803	91.08	122 5/32
Resistance 2	922.00	1.4721	89.70	121
Resistance 1	916.00	1.4589	88.99	119 13/32
Pivot	908.50	1.4507	87.61	118 8/32
Support 1	902.50	1.4375	86.90	116 21/32
Support 2	895.00	1.4293	85.52	115 16/32
Support 3	889.00	1.4161	84.81	113 29/32

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

Friday, February 08, 2008

Economic

10:00am Dec Wholesale Inventories (last 0.6%)

Events

12:25am Fed's Yellen speaks on economy in Honolulu. 1:00pm Fed's Lockhart speaks on financial markets & the economy in Atlanta. Trades Ex-split: JASO 3-1. Trades Ex-dividend: CFC $0.15, BTU $0.06.

Earnings

Before the Open: AIXD, ALU, AIV, BECN, BEC, BW, CLWR, COT, CVH, DHT, DRS, FNM, LPNT, LZ, NNI, PBH, RTK, SKYW, SYNT, VTNC, WY, WIN. 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 feb. 7th

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

Dear Trader,

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1375.27	1843.67	12560	725.83
Resistance 2

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

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