Cannon Trading Co. Inc.
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Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, March 31, 2008

Futures Trading levels and Economic reports for April 1st

 
*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.
 

Friday, March 28, 2008

Futures Trading levels and Economic reports for March 31st

 
*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.
 

Thursday, March 27, 2008

Futures Trading levels and Economic reports for March 29th

 
*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.
 

Wednesday, March 26, 2008

Futures Trading levels and Economic reports for March 27th

 
*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