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

Futures Trading levels and Economic reports for Jan 2nd 2009

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Dear Trader,

I would like to wish everyone a great 2009!

May you have a successful trading year. More importantly, may you and your loved ones have a happy, healthy year in all aspects of life.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	931.67	1253.33	8965	528.53
Resistance 2	919.83	1239.67	8880	515.77
Resistance 1	910.17	1225.33	8805	506.53
Pivot	898.33	1211.67	8720	493.77
Support 1	888.67	1197.33	8645	484.53
Support 2	876.83	1183.67	8560	471.77
Support 3	867.17	1169.33	8485	462.53

Contract	Feb. Gold	March Euro	Feb. Crude Oil	March Bonds
Resistance 3	920.73	1.4395	55.26	144 26/32
Resistance 2	903.37	1.4256	50.40	143 9/32
Resistance 1	892.03	1.4096	46.66	141 1/32
Pivot	874.67	1.3957	41.80	139 16/32
Support 1	863.33	1.3797	38.06	137 9/32
Support 2	845.97	1.3658	33.20	135 24/32
Support 3	834.63	1.3498	29.46	133 16/32

REPORTS (EST): Provided by www.TradeTheNews.com

Friday, January 02, 2009

Economic

10:00am Dec ISM Manufacturing (last 36.2), Prices Paid (last 25.5)

Events

Trades Ex-dividend: BBY $0.14, JPM $0.38, BDN $0.30

Earnings

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 new years resolution + levels and Economic reports for Dec. 31st

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Dear Trader,

Worth reading from our weekly newsletter and written by a Cannon Broker:

Futures Traders New Years Resolution

by Mack B. Stevens, Senior Broker, Cannon Trading

Trading futures is an alluring business that allows an individual a lifestyle filled with many freedoms not available to most working people. This business requires traders to posses a unique set of qualities. The most critical quality a trader needs to have is discipline.

Discipline trumps knowledge. It trumps experience. In fact, without discipline very few traders survive to have enough experience to draw upon as an asset in their trading. The need for discipline is amplified by the very structure of futures trading. The leverage available in futures trading amplifies every decision that a trader makes. Every decision, good or bad!

Everyday life requires us to constantly make decisions. Do I buy the chicken breasts at $4.95 a pound, or do I buy the hamburger at $3.95 a pound. These types of decisions are non-leveraged decisions, so the impact overall is minimal. We are not buying or selling 400,000 pounds of hamburger as we do when we trade 10 contracts of cattle, while "paying" (margins) only a fraction of its total value.

In trading futures, one needs a trading plan. Some of these plans can be purchased for thousands of dollars. Some can be learned after attending a trading school for a week or so. Some can be developed by the individual trader after months or years of research. However one comes to his or her trading plan it is useless without discipline. Traders who have their plan and then stop using parts of it during the trading day are doomed to having increasing losses, usually large ones as typically the most discarded part of a trading plan is one of the risk control components.....stop orders and/or position size. A trading plan that is implemented with the proper discipline 75, 85, or even 95% of the time is doomed. For whatever reason, traders seem to have a breakdown of discipline at the most critical and damaging times. This is damaging to their equity and their psychological balance. The greatest trading strategy ever developed will prove to be disastrous to your account if it is implemented with a lack of total discipline.

This factor is what makes or breaks traders. We all know the difficulty in maintaining discipline in our everyday lives. Be it a diet, or an exercise plan, or even keeping toxic people out of our lives, constant discipline is very difficult to achieve. This is the key reason most traders are not realizing profits in their trading. As stated earlier in this article, futures trading amplifies our decisions in a way not seen in the rest of our everyday lives. Discipline is the single most important component in a successful trading strategy. So, rather than spending another $5000 on a new "black box" trading ideas, spend some time, and money if necessary, to learn more about yourself as a person so that you can better develop the strength to maintain trading discipline 100% of the time. This is a challenge to say the least but the difference in your life and in your trading account will be staggering! Good luck with making the change. The efforts in achieving this high level of discipline will be efforts that are exciting and rewarding. Let 2009 make your trading all that it can be!

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.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	912.47	1241.67	8882	503.47
Resistance 2	900.23	1223.33	8758	493.03
Resistance 1	893.47	1212.67	8697	487.77
Pivot	881.23	1194.33	8573	477.33
Support 1	874.47	1183.67	8512	472.07
Support 2	862.23	1165.33	8388	461.63
Support 3	855.47	1154.67	8327	456.37

Contract	Feb. Gold	March Euro	Feb. Crude Oil	March Bonds
Resistance 3	905.90	1.4470	42.93	144 9/32
Resistance 2	895.90	1.4330	41.66	143
Resistance 1	884.70	1.4187	40.47	142 8/32
Pivot	874.70	1.4047	39.20	140 31/32
Support 1	863.50	1.3904	38.01	140 7/32
Support 2	853.50	1.3764	36.74	138 30/32
Support 3	842.30	1.3621	35.55	138 6/32

REPORTS (EST): Provided by www.TradeTheNews.com

Wednesday, December 31, 2008

Economic

8:30am Initial Jobless Claims (last 586K), Continuing Claims (last 4.37M)

10:00am Dec NAPM Milwaukee (last 35)

10:35am Crude Oil/Gasoline/Distillate Inventories

12:00pm Natural Gas Inventories

2:00pm TSLF results

Events

Bond market recommended early close, MBA Mortgage Applications (7:00, last 48%). Trades Ex-dividend: TYC $0.20, IIG $0.20 INDB, ATU, AMSF, ACAP, added to S&P 600 after the close, VLY, OHI added to the S&P 400 after the close, SCG, OI, FLR added to the S&P 500 after the close.

Earnings

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 Dec. 30th

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Dear Trader,

Two more trading days left in 2008, which will go down as one of the most volatile years of recent history.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	895.43	1227.83	8722	494.10
Resistance 2	883.47	1208.92	8606	484.90
Resistance 1	876.93	1192.83	8547	476.30
Pivot	864.97	1173.92	8431	467.10
Support 1	858.43	1157.83	8372	458.50
Support 2	846.47	1138.92	8256	449.30
Support 3	839.93	1122.83	8197	440.70

Contract	Feb. Gold	March Euro	Feb. Crude Oil	March Bonds
Resistance 3	908.87	1.4603	47.09	142 30/32
Resistance 2	900.43	1.4469	44.64	142 12/32
Resistance 1	889.87	1.4202	42.42	141 16/32
Pivot	881.43	1.4068	39.97	140 29/32
Support 1	870.87	1.3801	37.75	140 1/32
Support 2	862.43	1.3667	35.30	139 15/32
Support 3	851.87	1.3400	33.08	138 19/32

REPORTS (EST): Provided by www.TradeTheNews.com

Tuesday, December 30, 2008

Economic

9:00am S&P Case Shiller Home price index (last 161.6), Composite-20 y/y (last –17.4%)

9:45am Dec Chicago PMI (last 33.8)

10:00am Dec Consumer Confidence (last 44.9), TAF results

3:00pm TSLF announcement

Events

ICSC/UBSW Chain Store Sales (7:45, last +2.6%). Redbook Retail Sales (8:55, last –1.1%). ABC Consumer Confidence (last -48). Trades Ex-Dividend: ANDE $0.085, APD $0.44, BMY $0.31 RTN $0.28

Earnings

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.

daily support & résistance and economic data for Dec. 29th

Good Morning-

Daily Support & Résistance Levels	Mini-S&P 500 Futures March 09	Mini-Nasdaq 100 Futures March 09	Mini-Dow Futures March 09	Mini Russell 2000 Futures March 09	30-year US Bond Futures March 09	10-Year US Note Futures March 09
Support 3	807.00	1110.00	8014	436.70	13218	12228.5
Support 2	828.50	1138.00	8205	450.90	13424	12408.5
Support 1	850.00	1165.00	8334	462.80	13706.5	12526
Résistance 1	877.50	1200.00	8560	481.10	14117	12728.5
Résistance 2	885.50	1210.00	8633	488.70	14127.5	12807
Résistance 3	893.25	1220.00	8705	495.90	14304	12822.5

Week of December 29 - January 02

Date	ET	Release	For	Actual	Briefing.com	Consensus	Prior	Revised From
Dec 30	09:45	Chicago PMI	Dec		NA	33.0	33.8
Dec 30	10:00	Consumer Confidence	Dec		NA	45.2	44.9
Dec 31	08:30	Initial Claims	12/27		NA	NA	NA
Jan 02	10:00	ISM Index	Dec		NA	35.4	36.2

Important Please Note: Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits.. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. Readers are urged to exercise their own judgment in trading!

Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
E-mail: ilan@cannontrading.com

Yahoo IM: ilanlevy1970
Tel: 800-454-9572

Int'l: 310-859-9572
Fax 310-859-0547
Mailing Address: 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 Dec. 26th

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Dear Trader,

Happy Holidays!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	876.00	1198.00	8528	484.33
Resistance 2	871.10	1194.00	8493	477.87
Resistance 1	867.80	1188.00	8456	474.33
Pivot	862.90	1184.00	8421	467.87
Support 1	859.60	1178.00	8384	464.33
Support 2	854.70	1174.00	8349	457.87
Support 3	851.40	1168.00	8312	454.33

Contract	Feb. Gold	March Euro	Feb. Crude Oil	March Bonds
Resistance 3	868.27	1.4109	42.02	142 6/32
Resistance 2	858.93	1.4052	40.85	141 25/32
Resistance 1	854.07	1.4008	38.96	141 2/32
Pivot	844.73	1.3951	37.79	140 21/32
Support 1	839.87	1.3907	35.90	139 31/32
Support 2	830.53	1.3850	34.73	139 18/32
Support 3	825.67	1.3806	32.84	138 27/32

REPORTS (EST): Provided by www.TradeTheNews.com

Friday, December 26, 2008

Economic

None Seen

Events

Trades Ex-dividend: BT $0.776, CBL $0.37.

Earnings

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 Dec. 24th

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

Dear Trader,

Happy Holidays to you and your loved ones!

Stock index futures will close at 12:15 central tomorrow!!

complete holiday hours for all markets at:

http://www.cannontrading.com/tools-weekly-newsletter.php?date=20081223

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	892.97	1233.67	8737	493.47
Resistance 2	885.23	1219.83	8652	486.73
Resistance 1	870.97	1202.67	8519	476.07
Pivot	863.23	1188.83	8434	469.33
Support 1	848.97	1171.67	8301	458.67
Support 2	841.23	1157.83	8216	451.93
Support 3	826.97	1140.67	8083	441.27

Contract	Feb. Gold	March Euro	Feb. Crude Oil	March Bonds
Resistance 3	869.93	1.4091	43.40	142 24/32
Resistance 2	859.87	1.4042	42.03	142
Resistance 1	849.93	1.3990	40.54	141 14/32
Pivot	839.87	1.3941	39.17	140 21/32
Support 1	829.93	1.3889	37.68	140 3/32
Support 2	819.87	1.3840	36.31	139 11/32
Support 3	809.93	1.3788	34.82	138 25/32

REPORTS (EST): Provided by www.TradeTheNews.com

Wednesday, December 24, 2008

Economic

8:30am Nov Personal Income (last 0.3%), Nov Personal Spending (last -1.0%), Nov PCE Deflator y/y (last 3.2%), Dec PCE Core (last m/m 0.0%, y/y 2.1%), Nov Durable Goods Orders (last -6.9, ex transport -5.4%), Initial Jobless Claims (last 554K), Continuing Claims (last 4.384M)

10:35am Crude Oil/Gasoline/Distillate Inventories

12:00am Natural Gas Inventories

2:00pm TSLF auction

Events

Equity and bond market recommended early close, MBA Mortgage Applications (7:00, last 2.9%). Trades Ex-dividend: CAG $0.19.

Earnings

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 Dec. 23rd

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

Dear Trader,

Light volume is what I consider "Holiday trading" (the two weeks starting with the Monday right before Christmas to Monday after New years).

We should see a bit better trading enviroment the next two days as we are packing a few days of economic reports into two trading days.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	916.67	1264.83	8830	522.67
Resistance 2	900.83	1240.67	8700	506.03
Resistance 1	884.67	1217.33	8600	490.27
Pivot	868.83	1193.17	8470	473.63
Support 1	852.67	1169.83	8370	457.87
Support 2	836.83	1145.67	8240	441.23
Support 3	820.67	1122.33	8140	425.47

Contract	Feb. Gold	March Euro	Feb. Crude Oil	March Bonds
Resistance 3	871.73	1.4269	45.99	142 21/32
Resistance 2	862.37	1.4181	44.71	142 3/32
Resistance 1	855.43	1.4047	42.29	141 7/32
Pivot	846.07	1.3959	41.01	140 21/32
Support 1	839.13	1.3825	38.59	139 24/32
Support 2	829.77	1.3737	37.31	139 6/32
Support 3	822.83	1.3603	34.89	138 10/32

REPORTS (EST): Provided by www.TradeTheNews.com

Tuesday, December 23, 2008

Economic

8:30am Q3 final GDP (prelim -0.5%), Q3 GDP Price Index (prelim 4.2%), Q3 Personal Consumption (prelim -3.7%), Q3 Core PCE q/q (last 2.6%)

9:55am Dec University of Michigan Confidence (last 59.1)

10:00am Nov New Home Sales (last 433K, m/m -5.3%), Nov Existing Home Sales (last 4.98M, m/m last -3.1%), Oct House Price Index m/m (last -1.3%)

1:00pm Treasury's five-year note auction

2:00pm TSLF auction

3:00pm TSLF announcement

Events

ICSC/UBSW Chain Store Sales (7:45, last 0.6%). Redbook Retail Sales (8:55, last -1.1%). ABC Consumer Confidence (last -51). Trades Ex-dividend: KFT $0.29, PM $0.54, DHR $0.03, AM $0.12, SUG $0.15.

Earnings

Before the Open: AM. After the Close: FSII, MU.

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 Dec. 22nd

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

Dear Trader,

Zig -Zag trading day, sometimes typical for options expiration.

Next two weeks will have lower volume than normal due to the holidays, which can cause erratic moves in the market.

Enjoy your weekend.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	921.80	1259.50	8958	511.03
Resistance 2	912.40	1248.75	8858	503.47
Resistance 1	895.80	1229.50	8691	493.03
Pivot	886.40	1218.75	8591	485.47
Support 1	869.80	1199.50	8424	475.03
Support 2	860.40	1188.75	8324	467.47
Support 3	843.80	1169.50	8157	457.03

Contract	Feb. Gold	March Euro	Feb. Crude Oil	March Bonds
Resistance 3	877.70	1.4671	46.04	143 8/32
Resistance 2	866.30	1.4478	44.65	142 16/32
Resistance 1	852.90	1.4177	43.69	141 22/32
Pivot	841.50	1.3984	42.30	140 30/32
Support 1	828.10	1.3683	41.34	140 3/32
Support 2	816.70	1.3490	39.95	139 11/32
Support 3	803.30	1.3189	38.99	138 17/32

REPORTS central time

U.S. Economic Calendar

DATE	CST	PERIOD	RELEASE	MFGR	MED	RANGE	PREV
12/22			Treasury will auction 2-yr notes
MON

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 Dec. 19th

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

Dear Trader,

Main event tomorrow is "Quadruple witching" where stock options, single stock futures, stock index futures contracts and stock index futures options all expire.

The last few times, I noticed volatile, choppy action in both directions but as the disclaimer say......past performance is not indicative of future results!

Have a great trading day!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	943.83	1277.17	9200	516.67
Resistance 2	926.67	1257.08	9030	504.63
Resistance 1	907.83	1239.17	8840	492.97
Pivot	890.67	1219.08	8670	480.93
Support 1	871.83	1201.17	8480	469.27
Support 2	854.67	1181.08	8310	457.23
Support 3	835.83	1163.17	8120	445.57

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	904.20	1.5087	49.00	144 29/32
Resistance 2	891.90	1.4887	47.32	143 12/32
Resistance 1	873.40	1.4545	44.91	142 6/32
Pivot	861.10	1.4345	43.23	140 21/32
Support 1	842.60	1.4003	40.82	139 15/32
Support 2	830.30	1.3803	39.14	137 30/32
Support 3	811.80	1.3461	36.73	136 24/32

REPORTS (EST): Provided by www.TradeTheNews.com

Friday, December 19, 2008

Economic

None seen

Events

The quarterly share rebalance for the S&P 500, 400, 600 and REIT indices will occur at the close of business. Trades Ex-dividend: BVF $0.375, MPW $0.20, EXP $0.10.

Earnings

Before the Open: KMX, JBL. After the Close: CTAS.

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 Dec. 18th

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

Dear Trader,

We need to break 920 on the SP to give this rally stronger legs.

Support for the recent trading range at 875.

trade well!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	926.00	1259.33	9090	512.47
Resistance 2	922.00	1246.67	9015	501.83
Resistance 1	902.50	1237.33	8900	492.27
Pivot	898.50	1224.67	8825	481.63
Support 1	879.00	1215.33	8710	472.07
Support 2	875.00	1202.67	8635	461.43
Support 3	855.50	1193.33	8520	451.87

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	921.33	1.4957	49.61	142 20/32
Resistance 2	902.47	1.4680	47.56	141 16/32
Resistance 1	884.93	1.4527	43.99	140 17/32
Pivot	866.07	1.4250	41.94	139 13/32
Support 1	848.53	1.4097	38.37	138 14/32
Support 2	829.67	1.3820	36.32	137 10/32
Support 3	812.13	1.3667	32.75	136 11/32

REPORTS (EST): Provided by www.TradeTheNews.com

Thursday, December 18, 2008

Economic

8:30am Initial Jobless Claims (last 573K), Continuing Claims (last 4.429M)

10:00am Dec Philadelphia Fed (last -39.3), Nov Leading Indicators (last -0.8%)

10:35am Natural Gas Inventories

Events

2:30pm Fed Board holds open meeting on credit card regulations. 1:30pm Fed's Fisher speak on the economic crisis in Dallas. BCR Analyst Meeting. EQT will replace IP in the S&P 500 after the close. Trades Ex-dividend: CPB $0.25, PHM $0.04, TIF $0.17, HNZ $0.415, OB $0.21.

Earnings

Before the Open: ATU, CCL, DFS, FDX, MCS, MS, PIR, PRGS, RAD, SCHL, STEI, VOL, WGO, WOR. After the Close: ACN, DRI FSII, HEI, ORCL, PALM, ZQK, RIMM, RICK, SHFL, SMOD, TTWO.

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 Dec. 17th

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

Dear Trader,

I wrote yesterday:

The range is wide ( 805- 920) and volatile but i am not sure we will trade out of it until 2009 unless tomorrow FOMC brings something un-expected to the market.

Well, FOMC did bring something a bit un expected by lowering fed funds by 75 basis points rather than the 50 basis expected.

Techincally, we should see rally extend if we break above 920, fundamentally, not sure how long it will last as FED is running out of bullets when it come to the interest rate game.

DJ Fed Cuts Rates To 0-0.25% Range; Signals New Policy Phase
Date: 12/16/2008 13:21

By Brian Blackstone and Maya Jackson Randall
Of DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)--U.S. Federal Reserve officials on Tuesday slashed official interest rates to an historic low range to combat a deepening recession and signaled they will keep rates "exceptionally low" for some time amid rapidly waning price pressures.
Officials also signaled a new phase for policy in which lending programs financed by the Fed's ballooning balance sheet, a process known as quantitative easing, replace the federal funds rate as the Fed's primary policy tool.
The Federal Open Market Committee voted unanimously to reduce the target fed funds rate for interbank lending from 1% to a range of zero to 0.25%, the lowest since the Fed started publishing the funds target in 1990. The market-determined effective fed funds rate has already hit record lows in recent weeks.
Economists had expected a smaller cut of just 0.5 percentage point, and hadn't envisioned the Fed setting a range.
"The Committee anticipates that weak economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time," the Fed said, adding it will "employ all available tools" to promote growth and maintain price stability.
The Fed has used a variety of operating targets through the decades, including the discount rate and monetary aggregates.
The Fed also lowered the discount rate paid by commercial and investment banks for Fed loans by 0.75 percentage point to 0.5%.
In a statement, the FOMC said its focus "will be to support the functioning of financial markets and stimulate the economy through open market operations and other measures that sustain the size of the Federal Reserve's balance sheet at a high level."
Ben Bernanke tipped the shift toward quantitative easing - in which cash is essentially created and used to finance lending facilities - earlier this month. He said that while the Fed's ability to use interest rates to support the economy "is obviously limited" with rates so low, the "second arrow in the Federal Reserve's quiver - the provision of liquidity - remains effective."
Even President-elect Barack Obama on Tuesday said "we are running out of the traditional ammunition that's used in a recession, which is to lower interest rates, they're getting to be about as low as they can go."
The Fed already has nontraditional initiatives in place to support lending to commercial and investment banks, provide U.S. dollar funding overseas and stabilize commercial paper and money market mutual funds. The Fed recently started purchasing agency debt and has announced plans to purchase hundreds of billions of dollars of agency-backed mortgage backed securities and consumer-linked asset backed securities.
In Tuesday's statement, the Fed also said it is "evaluating the potential benefits of purchasing longer-term Treasury securities."
When loans to Bear Stearns and American International Group are included, the Fed's balance sheet now tops $2.2 trillion, more than double where it was when Lehman Brothers collapsed in mid September.
Meanwhile, the drumbeat of economic news worsened considerably between the late October and December FOMC meetings, highlighting the need for more stimulus. Consumer spending got off to a horrible start in the fourth quarter, and the economy lost more than 500,000 jobs in November alone, a total that could be matched or exceeded this month.
On Dec. 1 the National Bureau of Economic Research, the semi-official arbiter of recession, declared that the U.S. has been in a recession since last December. And it appears to be getting worse. Wall Street economists expect U.S. gross domestic product to plunge as much as 6% at an annual rate or even more this quarter. Some are penciling in another steep drop for the first quarter of 2009.
"The outlook for economic activity has weakened further," the Fed said, noting weak labor markets and declining consumer spending, production and investment.
That weakness, coupled with a steep declines in energy prices, has not only brought inflation rates down sharply but also fanned some fears of outright deflation - which is a sustained, economy-wide decline in prices that cripples consumer and business spending. In its worst form, deflation is associated with Japan's deep recession earlier this decade as well as the Great Depression.
According to November consumer price data released Tuesday, annual U.S. inflation is now running just 1.1%, matching its lowest rate since 1965. If December data come in soft as expected, the annual rate could approach zero.
"Inflationary pressures have diminished appreciably," the Fed said, citing lower energy prices and the weak economy.
Still, Fed officials didn't go as far as they did in 2003, when they referred in policy statements to the risk of an "unwelcome fall" in inflation.
Officials have good reason to avoid such language for now. Outside of energy and energy-dependent sectors, prices are still rising albeit at a slower pace then they were a few months ago.
And the Fed's deflation fears in 2003 and 2004 appear in hindsight to have been overblown and may even have contributed to ultra-low interest rates that fueled the housing bubble.
-By Brian Blackstone and Maya Jackson Randall; Dow Jones Newswires; 202-828-3397; brian.blackstone@dowjones.com and maya.jackson-randall@dowjones.com
(Tom Barkley and Jeff Bater contributed to this article)
(END) Dow Jones Newswires
December 16, 2008 14:21 ET (19:21 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	966.07	1243.17	9348	518.03
Resistance 2	940.53	1237.08	9142	499.77
Resistance 1	927.27	1239.17	9013	489.83
Pivot	901.73	1233.08	8807	471.57
Support 1	888.47	1235.17	8678	461.63
Support 2	862.93	1229.08	8472	443.37
Support 3	849.67	1231.17	8343	433.43

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	900.53	1.4772	50.20	142 19/32
Resistance 2	880.67	1.4443	48.37	140 17/32
Resistance 1	869.93	1.4257	46.23	139 14/32
Pivot	850.07	1.3928	44.40	137 12/32
Support 1	839.33	1.3742	42.26	136 9/32
Support 2	819.47	1.3413	40.43	134 7/32
Support 3	808.73	1.3227	38.29	133 4/32

REPORTS (EST): Provided by www.TradeTheNews.com

Wednesday, December 17, 2008

Economic

8:30am Q3 Current Account Balance (last -$183.1B),

10:35am Crude Oil/Gasoline/Distillate Inventories

2:00pm TSLF auction

Events

BoJ Rate Decision. OPEC meeting in Algeria. AZO Shareholders meeting. LII Analyst Day. MBA Mortgage Applications (7:00, last -7.1%). Trades Ex-dividend: HES $0.10, CB $0.33, CINF $0.39, SYPR $0.02.

Earnings

Before the Open: CMC, CAG, GIS, JOYG, LNN, MDZ. After the Close: APOG, HWAY, MLHR, MU, NKE, PAYX, SMSC, SEH.

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 Dec. 16th

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

Dear Trader,

Market is in a range since we bounced of the recent lows on Oct. 21st.

The range is wide ( 805- 920) and volatile but i am not sure we will trade out of it until 2009 unless tomorrow FOMC brings something un-expected to the market.

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	913.17	1251.33	8887	502.53
Resistance 2	899.33	1230.67	8773	488.37
Resistance 1	884.17	1209.33	8667	470.13
Pivot	870.33	1188.67	8553	455.97
Support 1	855.17	1167.33	8447	437.73
Support 2	841.33	1146.67	8333	423.57
Support 3	826.17	1125.33	8227	405.33

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	871.03	1.4137	54.66	137 26/32
Resistance 2	857.37	1.3909	52.35	136 26/32
Resistance 1	848.33	1.3790	48.71	136 8/32
Pivot	834.67	1.3562	46.40	135 8/32
Support 1	825.63	1.3443	42.76	134 22/32
Support 2	811.97	1.3215	40.45	133 22/32
Support 3	802.93	1.3096	36.81	133 4/32

REPORTS (EST): Provided by www.TradeTheNews.com

Tuesday, December 16, 2008

Economic

8:30am Nov CPI (last m/m -1.0%, y/y 3.7%; ex food & energy last m/m -0.1%, y/y 2.2%), Nov Housing Starts (last 791K), Nov Building Permits (last 730K)

10:00am TAF results

2:15pm FOMC Rate Decision

3:00pm TSLF announcement

Events

8:00am FDA Oncologic Drugs Advisory Committee. 9:00am INFS mid-quarter update. 9:00am ITT Guidance Call. 4:00pm HANS Mid quarter update. HLF Investor Day. AVT Analyst Day. ICSC/UBSW Chain Store Sales (7:45, last -0.8%). Redbook Retail Sales (8:55, last -0.4%). ABC Consumer Confidence (last -52). Trades Ex-dividend: TROW $0.24, TSS $0.07, AINV $0.52, TTC $0.15.

Earnings

Before the Open: BBY, FDS, GS. During Trading Hours: RTK. After the Close: AIR, ADBE, APSG, HOV, PAY.

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 Dec. 15th

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

Dear Trader,

Have a nice weekend and a great trading week1

LEVELS:

Contract (march 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	938.43	1288.33	9172	531.53
Resistance 2	912.47	1251.67	8923	501.47
Resistance 1	898.93	1233.33	8797	485.93
Pivot	872.97	1196.67	8548	455.87
Support 1	859.43	1178.33	8422	440.33
Support 2	833.47	1141.67	8173	410.27
Support 3	819.93	1123.33	8047	394.73

Contract	Feb. Gold	March Euro	Jan. Crude Oil	March Bonds
Resistance 3	854.23	1.3606	52.49	139 29/32
Resistance 2	841.97	1.3511	50.00	137 28/32
Resistance 1	832.03	1.3440	48.30	136 11/32
Pivot	819.77	1.3345	45.81	134 10/32
Support 1	809.83	1.3274	44.11	132 25/32
Support 2	797.57	1.3179	41.62	130 24/32
Support 3	787.63	1.3108	39.92	129 7/32

REPORTS (EST): Provided by www.TradeTheNews.com

Monday, December 15, 2008

Economic

8:30am Dec Empire Manufacturing (last -25.4)

9:00am Oct Net Long-Term TIC Flows (last $66.2B), Oct Total Net TIC Flows (last $143.4B)

9:15am Nov Industrial Production (last 1.3%), Nov Capacity Utilization (last 76.4%)

10:00am TAF auction

1:00pm Dec NAHB Housing Market Index (last 9)

Events

Deutsche Bank Real Estate Outlook Conference. Goldman Sachs Energy Conference. 8:00am HON Guidance Call. Trades Ex-dividend: HPQ $0.08, AVF $0.481, BDK $0.42.

Earnings

Before the Open: AVNR, IPSU, NTSC, PDRT. After the Close: ABM, CPII, NDSN, QTWW, TITN.

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 Dec. 12th

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

Dear Trader,

We closed the GAP on the chart right around the 872 level basis the SP.

Next question is where do we go from here? visit the 850 or break above 900 for a little Xmas rally?

LEVELS:

Contract (Dec. 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	933.83	1271.00	9037	501.40
Resistance 2	919.17	1251.50	8918	488.30
Resistance 1	896.83	1215.00	8757	466.20
Pivot	882.17	1195.50	8638	453.10
Support 1	859.83	1159.00	8477	431.00
Support 2	845.17	1139.50	8358	417.90
Support 3	822.83	1103.00	8197	395.80

Contract	Feb. Gold	Dec. Euro	Jan. Crude Oil	March Bonds
Resistance 3	870.57	1.3914	55.75	137 14/32
Resistance 2	852.93	1.3659	52.44	136 8/32
Resistance 1	837.77	1.3507	49.91	135 10/32
Pivot	820.13	1.3252	46.60	134 4/32
Support 1	804.97	1.3100	44.07	133 6/32
Support 2	787.33	1.2845	40.76	132
Support 3	772.17	1.2693	38.23	131 2/32

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

Wednesday, December 31, 2008

Friday, January 02, 2009

Tuesday, December 30, 2008

Wednesday, December 31, 2008

Monday, December 29, 2008

Tuesday, December 30, 2008

Wednesday, December 24, 2008

Friday, December 26, 2008

Tuesday, December 23, 2008

Wednesday, December 24, 2008

Monday, December 22, 2008

Tuesday, December 23, 2008

Friday, December 19, 2008

Thursday, December 18, 2008

Friday, December 19, 2008

Wednesday, December 17, 2008

Thursday, December 18, 2008

Tuesday, December 16, 2008

Wednesday, December 17, 2008

Monday, December 15, 2008

Tuesday, December 16, 2008

Friday, December 12, 2008

Monday, December 15, 2008

Thursday, December 11, 2008