Cannon Trading Futures Blog: Daily Support and Resistance Levels Blog: Futures Trading levels and Economic reports for Apr. 20th

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Futures Trading levels and Economic reports for April 20th

Greetings!

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Market rallied on option expiration day, tested the much talked about 873 level (almost..) and backed up a bit. Whats next? We may see a pull back early next week but technicals are pointing a bit higher still on the daily chart.

To view the chart, please click:
http://www.cannontrading.com/daily/20090417.gif
SP500 daily chart Apr 17th 2009

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

Monday, April 20, 2009

Economic

10:00am March Leading Indicators (last -0.4%)

11:00am Treasury's 5-year announcement

Events

9:00am Fed's Evans speaks in Chicago. 7:30pm Fed's Kohn speaks on economic outlook in Delaware. American Association for Cancer Research Annual Meeting. CIBC Energy Conference. Credit Suisse Private Equity Conference. Merrill Lynch/BoA European Oils Conference. RDEA Analyst meeting. Trades Ex-dividend: CVS $0.076, APA $0.15.

Earnings

Before the Open: BAC, BOH, ETN, LLY, HAL, HAS, MMR, SXT, TNB, WFT. After the Close: BMI, BXS, BSX, BRO, CNI, CR, ELS, FWRD, HWAY, IBM, IEX, JDAS, LNCR, MLNX, NARA, OMCL, OMI, PKG, PNFP, RLI, SGK, SYK, TXN, VLTR, ZION, ZRAN.

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.

Contact Information

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Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.
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
The finest compliment I can receive is a referral from a trusted client.

* 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.

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