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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, January 02, 2009

Futures Trading levels and Economic reports for Jan. 5th 2009

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
First day of the new year started with a nice little rally on thin volume.
 
Most traders will be back to action Monday. Have a good weekend and a great trading year!
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 978.00 1345.83 9380 522.90
Resistance 2 955.50 1307.42 9197 514.90
Resistance 1 941.50 1284.83 9089 507.90
Pivot 919.00 1246.42 8906 499.90
Support 1 905.00 1223.83 8798 492.90
Support 2 882.50 1185.42 8615 484.90
Support 3 868.50 1162.83 8507 477.90
         
Contract  Feb. Gold March Euro Feb. Crude Oil March Bonds 
Resistance 3 909.37            1.4070 54.08 142 27/32
Resistance 2 899.23            1.4013 50.41 141  7/32
Resistance 1 888.37            1.3918 48.39 138  9/32
Pivot 878.23            1.3861 44.72 136 20/32
Support 1 867.37            1.3766 42.70 133 22/32
Support 2 857.23            1.3709 39.03 132  2/32
Support 3 846.37            1.3614 37.01 129  4/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Monday, January 05, 2009


Economic
10:00am Nov Construction Spending (last –1.2%)
11:00am US Treasury Note Announcement
1:00pm 3 and 6 month bill auction
Events
1:15pm Fed's Yellen panel discussion on subprime loans, MacWorld Conference through Jan 9, Domestic and Total Vehicle Sales, Trades Ex-dividend: GPS $0.085
Earnings
Before the Open: None Seen After the Close: MOS
 
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!

Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President / commodity broker
Cannon Trading Co Inc. - home of online futures trading
http://www.cannontrading.com 
http://www.E-Futures.com 
ilan@cannontrading.com

Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #515
Beverly Hills, Ca 90210

 
* Important Please Note: 
IMPORTANT PLEASE NOTE:  TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS.  THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS.  THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS.   THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED.  PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
 

posted by Cannon Trading at 1:00 PM

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