Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Make it a great April!!
LEVELS:
| Contract (March 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1348.07 | 1821.67 | 12475 | 708.50 |
| Resistance 2 | 1339.13 | 1808.83 | 12398 | 701.00 |
| Resistance 1 | 1331.57 | 1799.67 | 12328 | 695.50 |
| Pivot | 1322.63 | 1786.83 | 12251 | 688.00 |
| Support 1 | 1315.07 | 1777.67 | 12181 | 682.50 |
| Support 2 | 1306.13 | 1764.83 | 12104 | 675.00 |
| Support 3 | 1298.57 | 1755.67 | 12034 | 669.50 |
| | | | | |
| Contract | April Gold | March Euro | May Crude Oil | June Bonds |
| Resistance 3 | 961.33 | 1.5956 | 112.10 | 119 29/32 |
| Resistance 2 | 953.17 | 1.5899 | 109.44 | 119 22/32 |
| Resistance 1 | 937.33 | 1.5818 | 105.57 | 119 8/32 |
| Pivot | 929.17 | 1.5761 | 102.91 | 119 |
| Support 1 | 913.33 | 1.5680 | 99.04 | 118 18/32 |
| Support 2 | 905.17 | 1.5623 | 96.38 | 118 11/32 |
| Support 3 | 889.33 | 1.5542 | 92.51 | 117 29/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, April 01, 2008
Economic
10:00am March ISM Manufacturing (last 48.3), March ISM Prices Paid (last 75.5), Feb Construction Spending m/m (last –1.7%)
Events
8:00am FDA Anti-Ineffective Drugs Advisory Committee. ICSC/UBSW Chain Store Sales (7:45am, last –0.4%). Redbook Retail Sales (8:55am, last 1.4%). ABC Consumer Confidence (last -31). March Vehicle Sales (last total 15.3M, domestic 11.7M). B. Riley & Co. Annual Investor Conference, Credit Suisse CTIA Wireless Forum. Trades Ex-split: GFIG 4-1. Trades Ex-dividend: DFS $0.06, MAR $0.075, CPO $0.12, FRP $0.398.
Earnings
Before the Open: GTOP, MNTG, QXM. After the Close: EXFO.
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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Have a great weekend and a good trading week!
LEVELS:
| Contract (March 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1354.97 | 1844.67 | 12522 | 705.33 |
| Resistance 2 | 1345.83 | 1827.33 | 12448 | 700.17 |
| Resistance 1 | 1332.27 | 1803.67 | 12342 | 692.33 |
| Pivot | 1323.13 | 1786.33 | 12268 | 687.17 |
| Support 1 | 1309.57 | 1762.67 | 12162 | 679.33 |
| Support 2 | 1300.43 | 1745.33 | 12088 | 674.17 |
| Support 3 | 1286.87 | 1721.67 | 11982 | 666.33 |
| | | | | |
| Contract | April Gold | March Euro | May Crude Oil | June Bonds |
| Resistance 3 | 959.70 | 1.5890 | 109.84 | 119 18/32 |
| Resistance 2 | 951.60 | 1.5837 | 108.74 | 119 3/32 |
| Resistance 1 | 941.10 | 1.5792 | 106.92 | 118 26/32 |
| Pivot | 933.00 | 1.5739 | 105.82 | 118 11/32 |
| Support 1 | 922.50 | 1.5694 | 104.00 | 118 2/32 |
| Support 2 | 914.40 | 1.5641 | 102.90 | 117 19/32 |
| Support 3 | 903.90 | 1.5596 | 101.08 | 117 10/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Monday, March 31, 2008
Economic
9:45am March Chicago Purchasing Manager Index (last 44.5)
10:00am March NAPM-Milwaukee (last 53)
Events
12:00pm Fed's Yellen speaks in San Francisco on foreclosures. Credit Suisse Asian Investment Conference, CTIA Wireless Conference, Terrapinn Asia Power & Energy Congress. Trades Ex-dividend: CMCSA $0.063, UNH $0.03, GES $0.08, VICR $0.15, ALDA $0.15.
Earnings
Before the Open: RDNT, SGK. After the Close: GIII, FUL, JRT, RMG, UBET. After the close HRC will be added to the S&P400 and HI will be added to the S&P600.
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.
*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 | 1362.97 | 1843.33 | 12607 | 714.83 |
| Resistance 2 | 1355.23 | 1830.17 | 12538 | 708.67 |
| Resistance 1 | 1342.47 | 1809.33 | 12427 | 705.33 |
| Pivot | 1334.73 | 1796.17 | 12358 | 699.17 |
| Support 1 | 1321.97 | 1775.33 | 12247 | 695.83 |
| Support 2 | 1314.23 | 1762.17 | 12178 | 689.67 |
| Support 3 | 1301.47 | 1741.33 | 12067 | 686.33 |
| | | | | |
| Contract | April Gold | March Euro | May Crude Oil | June Bonds |
| Resistance 3 | 962.53 | 1.5897 | 111.79 | 119 26/32 |
| Resistance 2 | 956.27 | 1.5842 | 110.00 | 119 11/32 |
| Resistance 1 | 952.53 | 1.5776 | 108.60 | 118 24/32 |
| Pivot | 946.27 | 1.5721 | 106.81 | 118 9/32 |
| Support 1 | 942.53 | 1.5655 | 105.41 | 117 22/32 |
| Support 2 | 936.27 | 1.5600 | 103.62 | 117 7/32 |
| Support 3 | 932.53 | 1.5534 | 102.22 | 116 20/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Friday, March 28, 2008
Economic
8:30am Feb Personal Income (last 0.3%), Feb Personal Spending (last 0.4%), Feb PCE Deflator y/y (last 3.7%), Feb PCE Core (last m/m 0.3%, y/y 2.2%)
10:00am Mar Final U of Michigan Confidence (last 70.5)
Events
Credit Suisse Hong Kong Sevens Conference. Trades Ex-dividend: TYC $0.15, CAH $0.12, CHK $0.068.
Earnings
Before the Open: CYCL, EGO, IAG. After the Close: CKR.
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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
It may sound a bit funny...but we got used to such higher volume over the past few months, that a trading day of 1.6 million on the mini SP seems and felt as a "thin trading day"....
LEVELS:
| Contract (March 2008) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1359.83 | 1851.67 | 12560 | 711.33 |
| Resistance 2 | 1354.67 | 1840.83 | 12523 | 707.67 |
| Resistance 1 | 1344.33 | 1825.67 | 12450 | 703.33 |
| Pivot | 1339.17 | 1814.83 | 12413 | 699.67 |
| Support 1 | 1328.83 | 1799.67 | 12340 | 695.33 |
| Support 2 | 1323.67 | 1788.83 | 12303 | 691.67 |
| Support 3 | 1313.33 | 1773.67 | 12230 | 687.33 |
| | | | | |
| Contract | April Gold | March Euro | May Crude Oil | June Bonds |
| Resistance 3 | 965.77 | 1.6134 | 112.69 | 120 6/32 |
| Resistance 2 | 959.13 | 1.5960 | 109.53 | 119 27/32 |
| Resistance 1 | 954.17 | 1.5868 | 107.76 | 119 11/32 |
| Pivot | 947.53 | 1.5694 | 104.60 | 119 |
| Support 1 | 942.57 | 1.5602 | 102.83 | 118 15/32 |
| Support 2 | 935.93 | 1.5428 | 99.67 |
