Cannon Trading Futures Blog: Daily Support and Resistance Levels Blog: January 2009

Futures Trading levels and Economic reports for Feb 2nd

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Dear Trader,

January ended with the indices being down more than 10% for the month!

For long term traders who follow weekly and monthly charts, that may be a sign that the next leg down is looming.

Should not make a difference for those of us who are day-traders, but its always good to periodically look at longer time frame charts, hence if you are a scalper, does not hurt to look and see what is the hourly chart looks like and if we are in a certain trend etc.

Have a good weekend.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	871.27	1247.17	8344	475.20
Resistance 2	859.63	1231.08	8244	467.10
Resistance 1	841.07	1205.17	8114	455.90
Pivot	829.43	1189.08	8014	447.80
Support 1	810.87	1163.17	7884	436.60
Support 2	799.23	1147.08	7784	428.50
Support 3	780.67	1121.17	7654	417.30

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	967.23	1.3059	45.47	129 6/32
Resistance 2	949.27	1.2996	44.46	128 19/32
Resistance 1	939.03	1.2884	43.05	127 22/32
Pivot	921.07	1.2821	42.04	127 2/32
Support 1	910.83	1.2709	40.63	126 5/32
Support 2	892.87	1.2646	39.62	125 18/32
Support 3	882.63	1.2534	38.21	124 21/32

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

Monday, February 02, 2009

Economic

8:30am Dec Personal Income (last -0.2%), Dec Personal Spending (last -0.6%), Dec PCE Deflator y/y (last 1.4%), Dec PCE Core (last m/m 0.0%, y/y 1.9%)

10:00am Jan ISM Manufacturing (last 32.9), Jan ISM Prices Paid (last 18), Dec Construction Spending m/m (last -0.6%)

Events

Credit Suisse Energy Conference. Merrill Lynch India Investor Conference. JP Morgan High Yield and Leveraged Finance Conference. Trades Ex-dividend: XLNX $0.14, CTAS $0.47, CYN $0.25, GLP $0.488.

Earnings

Before the Open: BEAV, CPO, DSPG, DEP, EPD, FSNM, HAE, HUM, MAT, OHB, PJC, ROK, SPP, SYY. After the Close: ACTU, AFL, APC, ARRY, ATHR, BPL, CCK, HOLX, ICUI, ITMN, LDSH, MKL, MSTR, MSPD, OTTR, PRE, PBI, PCL, RCII, SNDK, TSRA, TRID, UNCA.

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 Jan. 30th

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Dear Trader,

Market gave up most of yesterdays gains and closed below the 850 mark. Tomorrows first hour of trading is important to watch as the market is looking for a direction but not able to continue any momentum.

Good Trading!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	873.03	1240.67	8355	486.80
Resistance 2	866.27	1230.33	8300	479.30
Resistance 1	853.53	1215.67	8195	466.20
Pivot	846.77	1205.33	8140	458.70
Support 1	834.03	1190.67	8035	445.60
Support 2	827.27	1180.33	7980	438.10
Support 3	814.53	1165.67	7875	425.00

Contract	Feb. Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	955.87	1.3357	44.65	131 12/32
Resistance 2	932.73	1.3264	43.49	130 12/32
Resistance 1	920.47	1.3108	42.51	128 18/32
Pivot	897.33	1.3015	41.35	127 18/32
Support 1	885.07	1.2859	40.37	125 25/32
Support 2	861.93	1.2766	39.21	124 25/32
Support 3	849.67	1.2610	38.23	122 31/32

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

Friday, January 30, 2009

Economic

8:30am Q4 advance GDP (last -0.5%), Q4 GDP Price Index (last 3.9%), Q4 Personal Consumption (last -3.8%), Q4 Core PCE q/q (last 2.4%)

9:45am Jan Chicago Purchasing Manager Index (last 35.1)

9:55am Jan Final University of Michigan Confidence (last 61.9), Jan Milwaukee NAPM (last 30)

Events

8:00am Joint meeting of FDA's Anesthetic & Life Support Drugs and Drug Safety & Risk Management advisory committees. Trades Ex-dividend: HAS $0.20, LEN $0.04, CV $0.23, GEL $0.33.

Earnings

Before the Open: ACO, AXL, AME, ACI, CVX, XOM, GCI, HON, IDXX, IVZ, KLIC, LABL, NARA, OSTK, PCAR, PG, SAIA, SPG, VVI, WL. After the Close: EEP, GKK.

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 Jan. 29th

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Dear Trader,

It will be interesting to see what kind of follow through we will get tomorrow, after todays rally.

Technically, we broke the short term resistance of 850, next level on the way up is 887. However.....many times the real reaction to FOMC comes the following day so for the market to continue higher over the next few sessions, 850 (the old resistance, now becomes strong support) must hold.

Good trading!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	896.83	1281.17	8511	496.67
Resistance 2	886.17	1262.58	8430	485.43
Resistance 1	877.83	1247.17	8378	478.17
Pivot	867.17	1228.58	8297	466.93
Support 1	858.83	1213.17	8245	459.67
Support 2	848.17	1194.58	8164	448.43
Support 3	839.83	1179.17	8112	441.17

Contract	Feb. Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	921.67	1.3502	46.75	134 3/32
Resistance 2	912.53	1.3412	45.17	132 27/32
Resistance 1	900.27	1.3270	43.75	130 31/32
Pivot	891.13	1.3180	42.17	129 23/32
Support 1	878.87	1.3038	40.75	127 27/32
Support 2	869.73	1.2948	39.17	126 19/32
Support 3	857.47	1.2806	37.75	124 23/32

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

Thursday, January 29, 2009

Economic

8:30am Dec Durable Goods Orders (last -1.5%, ex transport 0.6%), Initial Jobless Claims (last 589K), Continuing Claims (last 4.607M)

10:00am Dec New Home Sales (last 407K, m/m -2.9%)

10:30am Natural Gas Inventories

1:00pm Treasury's 5-year note auction

Events

BMO Infrastructure Conference. SCHW interim business update. Trades Ex-dividend: AOC $0.15, SO $0.42.

Earnings

Before the Open: FLWS, MMM, ALK, ATK, MO, AMB, AEP, ABFS, AF, AZN, ALV, AN, BLL, BDK, BPHX, BC, CSAR, CRR, CSH, CELG, CHTT, CL, CNX, CEG, CAL, COCO, D, EK, LLY, EQT, ETH, SSP, FCS, FO, GNTX, HSC, HHS, HP, ITW, IPSU, IP, ISCA, ITG, JBLU, KMT, FSTR, LLL, LB, LANC, LDR, LEA, ERIC, MBI, MEG, MPW, MWIV, NWL, NWA, NCX, OXY, ODFL, OHI, OXPS, OSK, PTRY, PCCC, PAS, PCZ, PNW, PII, PFS, QUIX, RTN, RSTI, RCL, RDS.A, RRST, SEIC, SII, SNE, HOT, STE, SRI, TROW, TXT, TKR, UTEK, UMPQ, UA, USAP, USAK, WCC, WYE, XEL, ZMH. During Trading Hours: SUSQ. After the Close: PAR, ABAX, ARAY, ACXM, ACS, AMZN, ACF, ANEN, AMCC, ARBA, AVNX, AVID, ACLS, BRCM, BCR, CA, CAMD, BEAT, CLS, CHRT, CHRD, CB, COLM, CNXT, CYBS, CYT, DDUP, DRIV, DNEX, DLB, DLLR, EMN, EFII, ESIO, ENTU, EXAR, FMD, FBC, HLIT, HPC, IKAN, INFN, INFA, ININ, IDTI, ISSI, IVC, JNPR, KLAC, LCRD, LSCC, MTSN, MXIM, MNT, MCRL, MCHP, MIL, MIPS, NATI, OMCL, PXLW, PMCS, QTM, RLRN, SMTL, SWIR, SNA, SXE, STAR, SPWRA, SYMM, TK, TGI, VAR, VSEA, VIRL, WMS, YRCW, ZIGO.

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 Jan. 28th

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Dear Trader,

I expect similar, choppy action tomorrow until around 1 pm central right before FOMC rate decision (no change expected) and then we may see sharp moves both ways. I have said it before and will say it again, if you are not an experienced trader, I recommend not to trade past 1 PM central and just observe the action tomorrow, as some FOMC announcements were followed by volatile price action.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	865.67	1215.83	8329	470.50
Resistance 2	856.53	1206.42	8250	464.00
Resistance 1	849.77	1199.83	8192	459.20
Pivot	840.63	1190.42	8113	452.70
Support 1	833.87	1183.83	8055	447.90
Support 2	824.73	1174.42	7976	441.40
Support 3	817.97	1167.83	7918	436.60

Contract	Feb. Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	921.27	1.3514	52.00	134 9/32
Resistance 2	914.43	1.3416	49.75	132 25/32
Resistance 1	905.87	1.3300	45.92	131 28/32
Pivot	899.03	1.3202	43.67	130 12/32
Support 1	890.47	1.3086	39.84	129 15/32
Support 2	883.63	1.2988	37.59	127 31/32
Support 3	875.07	1.2872	33.76	127 2/32

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

Wednesday, January 28, 2009

Economic

10:30am DoE Crude Oil/Gasoline/Distillate Inventories

2:00pm TSLF auction

2:15pm FOMC Rate Decision

Events

World Economic Forum Annual Meeting. Financial Times Distressed Debt Conference. MBA Mortgage Applications (7:00, last –9.8%). Trades Ex-dividend: IKR $0.375, WY $0.25, CAG $0.19.

Earnings

Before the Open: AMG, AAI, ARLP, APU, ASH, T, BHI, BDX, BA, CETV, CXG, COP, GLW, CFR, DOV, DEP, GD, HES, KNSY, LAZ, LCRY, LM, MPX, MKC, MWV, NYT, NVS, PFE, PX, RGS, ROH, RES, SAP, SO, SWK, SY, TIN, TDW, TEL, UGI, USG, WLP, WFC, WTNY, WWW, WRLD. During Trading Hours: SUSQ. After the Close: ADPT, AFFX, ARG, ALGN, ALL, AGNC, AMP, BXP, BSX, CBT, CAI, CAVM, CRUS, CTXS, CPWR, CNQR, CVD, CTS, DST, DNB, EXTR, FIC, FLEX, FORM, FBN, GMCR, HBI, HMX, HOKU, ISIL, KEX, KFN, LRCX, LSTR, LSI, MTW, MLNX, MTH, MEOH, MUR, NVLS, OTEX, OI, PLXS, PSSI, PHM, QCOM, RHI, RYL, SIGI, SHOR, SSCC, STLY, SBUX, SRDX, SYMC, TER, TTEK, TLGD, TSCO, TBI, WDC.

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 January 27th

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Dear Trader,

What I wrote Friday still holds with probably more validity as the market was not able to break 850 on this mornings rally:

From fridays blog:

"Market is in a little "war" trying to break either above the 850 or below the 800 and has consolidated in this range for the last few sessions.

In my opinion, an hourly close below 800 or above 850 opens the door for a breakout in that direction."

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	871.83	1237.50	8362	484.93
Resistance 2	860.67	1219.75	8268	471.37
Resistance 1	846.33	1200.50	8162	459.13
Pivot	835.17	1182.75	8068	445.57
Support 1	820.83	1163.50	7962	433.33
Support 2	809.67	1145.75	7868	419.77
Support 3	795.33	1126.50	7762	407.53

Contract	Feb. Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	944.17	1.3629	51.20	131 13/32
Resistance 2	930.23	1.3413	49.90	130 23/32
Resistance 1	916.87	1.3284	47.86	129 28/32
Pivot	902.93	1.3068	46.56	129 5/32
Support 1	889.57	1.2939	44.52	128 10/32
Support 2	875.63	1.2723	43.22	127 20/32
Support 3	862.27	1.2594	41.18	126 25/32

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

Tuesday, January 27, 2009

Economic

9:00am Nov S&P/CS Home Price Index (last 158.16), Nov S&P/CS Composite-20 y/y (last -18.04%)

10:00am Jan Consumer Confidence (last 38), Jan Richmond Fed manufacturing Index (last -55)

1:00pm Treasury's 2-year note auction

3:00pm TSLF announcement

4:30pm API Crude Oil/Gasoline/Distillate Inventories

Events

ICSC/UBSW Chain Store Sales (7:45, last +1.1%). Redbook Retail Sales (8:55, last -2.3%). ABC Consumer Confidence (last -53). Trades Ex-dividend: ATR $0.15.

Earnings

Before the Open: AKS, AVY, BMS, BJS, BMY, ELY, CP, CRS, GIB, CHKP, CCUR, CVG, CBE, DAL, DD, EMC, ENR, FCFS, FMER, FPL, GKSR, HW, HSY, KCI, LXK, MHP, NNDS, NUE, NVR, NYB, BTU, PBG, PTEC, PRSP, RYN, SI, STJ, TLAB, TRV, TUES, X, VLO, VZ, WDR, WAT. After the Close: ALTR, AMLN, BBOX, CHRW, CLMS, CALD, CTX, CNB, CSGS, DV, ETFC, ELX, GILD, HTCH, JBHT, KEYN, MRTN, MRCY, MOLX, NAL, NSC, OPWV, PMTC, PLT, RFMD, RKT, SBCF, TSFG, SFG, STSA, STM, SYK, JAVA, TSS, TRMK, VPRT, WBSN, YHOO.

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 Jan 26th

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

Dear Trader,

Market is in a little "war" trying to break either above the 850 or below the 800 and has consolidated in this range for the last few sessions.

In my opinion, an hourly close below 800 or above 850 opens the door for a breakout in that direction. See chart below:

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	874.30	1228.83	8338	474.90
Resistance 2	855.10	1205.92	8222	462.10
Resistance 1	839.90	1187.83	8103	451.20
Pivot	820.70	1164.92	7987	438.40
Support 1	805.50	1146.83	7868	427.50
Support 2	786.30	1123.92	7752	414.70
Support 3	771.10	1105.83	7633	403.80

Contract	Feb. Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	968.53	1.3351	53.78	132 15/32
Resistance 2	936.17	1.3188	50.39	131 15/32
Resistance 1	916.83	1.3081	48.18	130 18/32
Pivot	884.47	1.2918	44.79	129 18/32
Support 1	865.13	1.2811	42.58	128 21/32
Support 2	832.77	1.2648	39.19	127 21/32
Support 3	813.43	1.2541	36.98	126 24/32

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

Monday, January 26, 2009

Economic

10:00am Dec Leading Indicators (last -0.4%), Dec Existing Home Sales (last 4.49M, m/m last -8.6%)

1:00pm Treasury's 20-year TIPS auction

Events

BoJ minutes. Citigroup Financial Services Conference. Trades Ex-dividend: CLX $0.46, CALM $0.382, CKFB $0.20.

Earnings

Before the Open: ACV, AIT, BOH, CAT, COV, DHR, ETN, HAL, KMB, LO, MCD, MOG.A, NTY, NS, ONB, PVTB, DGX, RDWR, SEE, TSN, WFT, GWW. After the Close: ALB, ALGT, AXP, AMGN, BGCP, BKI, CNW, CR, ELS, GGG, HTLF, JEC, JDAS, KRC, MCK, NFLX, OLN, PTV, PRXL, PLXT, QLGC, RLI, SLG, SNS, STLD, TXN, VMW, 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.

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 January 23rd

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

Dear Trader,

Volatility returned to the market in the last few sessions and today some erratic price action to go along with the volatility.

I highly recommend to have a stop on each trade you enter as big price moves can happen quickly and sharply!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	867.83	1177.33	8429	483.87
Resistance 2	852.17	1178.67	8290	471.43
Resistance 1	838.83	1175.33	8189	457.27
Pivot	823.17	1176.67	8050	444.83
Support 1	809.83	1173.33	7949	430.67
Support 2	794.17	1174.67	7810	418.23
Support 3	780.83	1171.33	7709	404.07

Contract	Feb. Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	885.00	1.3245	49.95	134 5/32
Resistance 2	874.10	1.3160	47.53	133 4/32
Resistance 1	865.30	1.3067	45.26	131 13/32
Pivot	854.40	1.2982	42.84	130 12/32
Support 1	845.60	1.2889	40.57	128 21/32
Support 2	834.70	1.2804	38.15	127 20/32
Support 3	825.90	1.2711	35.88	125 29/32

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

Friday, January 23, 2009

Economic

10:30am Natural Gas Inventories

2:00pm TSLF auction

Events

Trades Ex-split: SI $1.47.

Earnings

Before the Open: GE, HOG, MBFI, SLB, WBS, XRX. After the Close: ATLO.

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 Jan 22nd

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

Dear Trader,

Nice bounce of the lows made yesterday.

Unless tomorrow's reports are extremely bearish, I would look for us to close the gap at 860.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	886.87	1244.00	8582	489.93
Resistance 2	862.53	1214.50	8386	472.87
Resistance 1	849.67	1198.00	8282	463.13
Pivot	825.33	1168.50	8086	446.07
Support 1	812.47	1152.00	7982	436.33
Support 2	788.13	1122.50	7786	419.27
Support 3	775.27	1106.00	7682	409.53

Contract	Feb. Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	887.20	1.3376	49.41	136 15/32
Resistance 2	875.90	1.3219	46.81	135 11/32
Resistance 1	865.60	1.3126	45.45	133 7/32
Pivot	854.30	1.2969	42.85	132 3/32
Support 1	844.00	1.2876	41.49	129 31/32
Support 2	832.70	1.2719	38.89	128 27/32
Support 3	822.40	1.2626	37.53	126 23/32

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

Thursday, January 22, 2009

Economic

8:30am December Housing Starts (last 625K), December Building Permits(last 616K), Initial Jobless Claims (last 524K), Continuing Claims (last 4.497M)

10:00am House Price Index m/m (last –1.1%)

11:00am Crude Oil/Gasoline/Distillate Inventories

2:00pm TSLF auction

3:00pm TSLF announcement

Events

Trades Ex-dividend: BCR $0.16, UNM $0.075.

Earnings

Before the Open: FLWS, AOS, AMFI, ABC, ABI, ACAT, AUO, AVT, AVX, BK, BAX, BBT, BDX, BLK, EAT, CCMP, CRA, CIT, CMCO, CMA, CY, DLX, DDE, DVD, EXC, FITB, FCF, F, BEN, GMT, HSY, HUB.B, HBAN, IMN, IGT, ISCA, ESI, JNS, KEI, KELYA, KMT, KEY, NITE, KLIC, LMT, LYTS, MTB, MMR, MDP, VIVO, MV, MNRO, MOG.A, NCC, NOK, NOC, ORI, PTEC, POT, RYN, COL, SHW, LUV, SPWRA, STI, TSM, TCB, TDY, TEN, UNP, UB, UNH, WRLD, ZOLL. During Trading Hours: HTLD. After the Close: AMD, EPAY, CNI, COF, CYN, COBZ, ED, CNXT, CVTI, CBST, DGII, ESIO, ELX, EZPW, FII, GOOG, IBKR, ISRG, JJSF, KNX, WFR, MSCC, MSFT, NTCT, OPWV, PKI, QTM, SCSC, SBCF, SYNA, SNV, TNL, TPX, TER, TGI, VARI, WERN, WDC.

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 Jan 21st

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

Dear Trader,

Bearish technical picture suggests we may be headed towards the lows made back in Nov. 21st ( 738.50 ), however in the past we have seen some big rallies on different occasions, mostly when the fed. took action such as the ban on short selling etc. I think that market participants have that in the back of their mind and the market will get more sensitive to news as well as rumors as we head lower.

Volatility has picked up again after a relatively quiet period between mid Dec. and Jan. 5th so adjust your trading and mental perspective accordingly.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	868.50	1239.33	8393	484.20
Resistance 2	854.50	1216.42	8292	472.90
Resistance 1	827.50	1175.83	8093	450.40
Pivot	813.50	1152.92	7992	439.10
Support 1	786.50	1112.33	7793	416.60
Support 2	772.50	1089.42	7692	405.30
Support 3	745.50	1048.83	7493	382.80

Contract	Feb. Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	918.40	1.3260	48.10	138 2/32
Resistance 2	892.50	1.3173	45.94	136 18/32
Resistance 1	875.40	1.3010	43.42	135 20/32
Pivot	849.50	1.2923	41.26	134 3/32
Support 1	832.40	1.2760	38.74	133 5/32
Support 2	806.50	1.2673	36.58	131 21/32
Support 3	789.40	1.2510	34.06	130 23/32

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

Wednesday, January 21, 2009

Economic

4:30am BoE Minutes

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

Events

BoJ rate decision. Merrill Lynch Fertilizer Conference. Credit Suisse Hedge Fund Manager Roundtable. MBA Mortgage Applications (7:00, last 15.8%). Trades Ex-dividend: RRD $0.26, RBN $0.04, CECB $0.025.

Earnings

Before the Open: ABT, ADTN, APD, ATI, ABK, AMR, BNI, COH, CFR, FCX, HCBK, IGTE, LAB, NTRS, PJC, BPOP, PCP, PGR, ROK, SMTS, UAUA, UTX, USB. After the Close: EGN. After the Close: AAPL, ACTS, DOX, AMP, AMCC, AVCT, CLDN, CHIC, CTXS, CNH, CNS, EBAY, FFIV, HXL, ISIL, KMP, LRCX, MTSC, NE, NVEC, PLCM, SANM, STX, SLM, SPTN, SRDX.

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 Tuesday Jan 20th

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

Dear Trader,

We will be closed Monday. Most markets will have a short session that starts Sunday evening and "halts" Monday morning early. Pit trading for most markets is closed.

Please visit: http://cmegroup.com/tools-information/holiday-calendar/files/2009-martin-luther-king.pdf

Have a nice weekend!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	889.20	1246.83	8547	493.43
Resistance 2	872.60	1223.92	8418	481.47
Resistance 1	859.70	1209.83	8322	472.23
Pivot	843.10	1186.92	8193	460.27
Support 1	830.20	1172.83	8097	451.03
Support 2	813.60	1149.92	7968	439.07
Support 3	800.70	1135.83	7872	429.83

Contract	Feb. Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	879.20	1.3575	46.36	139 13/32
Resistance 2	861.40	1.3449	45.42	138 4/32
Resistance 1	851.30	1.3364	43.91	136 19/32
Pivot	833.50	1.3238	42.97	135 10/32
Support 1	823.40	1.3153	41.46	133 26/32
Support 2	805.60	1.3027	40.52	132 17/32
Support 3	795.50	1.2942	39.01	131

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

Tuesday, January 20, 2009

Economic

9:00am BoC rate decision

3:00pm TSLF announcement

Events

12:00pm Presidential Inauguration. Merrill Lynch Hong Kong & China Conference. ICSC/UBSW Chain Store Sales (7:45, last -2.3%). Redbook Retail Sales (8:55, last -1.9%). ABC Consumer Confidence (last -49). Trades Ex-dividend: APA $0.15, SEH $0.05, AMN $0.30.

Earnings

Before the Open: CBSH, FAST, FRX, IIVI, JEF, JNJ, LEE, EDU, PH, PETS, RF, STT, SU, AMTD. After the Close: CREE, CSX, FULT, HBHC, HOKU, IBKC, IBM, PKG, PNFP, RJF, SPSN, SUPX, WIT, WGOV.

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 Jan 16th

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

Dear Trader,

Market made a recent low and bounced nicely on good volume. January options expire tomorrow followed by MLK holiday on Monday.

It feels like the low today at 812.75 should hold for the near term but we should have a better indication after tomorrows action.

Good Trading!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	889.67	1244.50	8578	497.80
Resistance 2	868.83	1215.25	8407	480.80
Resistance 1	854.67	1197.50	8288	470.50
Pivot	833.83	1168.25	8117	453.50
Support 1	819.67	1150.50	7998	443.20
Support 2	798.83	1121.25	7827	426.20
Support 3	784.67	1103.50	7708	415.90

Contract	Feb. Gold	March Euro	Feb. Crude Oil	March Bonds
Resistance 3	845.57	1.3460	42.16	139 15/32
Resistance 2	833.83	1.3341	40.07	138 23/32
Resistance 1	824.97	1.3236	37.37	137 25/32
Pivot	813.23	1.3117	35.28	137 1/32
Support 1	804.37	1.3012	32.58	136 2/32
Support 2	792.63	1.2893	30.49	135 10/32
Support 3	783.77	1.2788	27.79	134 12/32

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

Friday, January 16, 2009

Economic

8:30am December CPI (last m/m -1.7%, y/y 1.1%; ex food & energy last m/m 0.0%, y/y 2.0%)

9:00am November Net Long-Term TIC Flows (last $1.5B), November Total Net TIC Flows (last $286.3B)

9:15am December Industrial Production (last -0.6%), December Capacity Utilization (last 75.4%)

9:55am January Preliminary U. of Michigan Confidence (last 60.1)

Events

12:15pm Fed's Lacker speaks on US economic outlook in Richmond. Trades Ex-dividend: PSD $0.25, WST $0.15.

Earnings

Before the Open: FHN, LAB, PPG, SCHW. After the Close: 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 Jan 15th

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

Dear Trader,

The technical picture does not look very good to say the least and chart observers may point towards 828 and 812 as next targets on the way down.

The question I am wondering about is how much more selling pressure will come in and did the market already discounted all the bad news out there?

the only answer is in the price action to come in the sessions ahead.......

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	870.83	1216.33	8437	491.67
Resistance 2	862.17	1202.67	8358	483.03
Resistance 1	849.83	1182.33	8252	466.97
Pivot	841.17	1168.67	8173	458.33
Support 1	828.83	1148.33	8067	442.27
Support 2	820.17	1134.67	7988	433.63
Support 3	807.83	1114.33	7882	417.57

Contract	Feb. Gold	March Euro	Feb. Crude Oil	March Bonds
Resistance 3	848.43	1.3518	43.32	141 9/32
Resistance 2	839.17	1.3413	41.38	139 12/32
Resistance 1	825.13	1.3273	39.39	138 9/32
Pivot	815.87	1.3168	37.45	136 12/32
Support 1	801.83	1.3028	35.46	135 9/32
Support 2	792.57	1.2923	33.52	133 12/32
Support 3	778.53	1.2783	31.53	132 9/32

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

Thursday, January 15, 2009

Economic

7:45am ECB rate decision

8:30am December PPI (last m/m -2.2%, y/y 0.4%, ex food & energy last m/m 0.1%, y/y 4.2%), Initial Jobless Claims (last 467K), Continuing Claims (last 4.611M), January Empire Manufacturing (last -25.76)

10:00am January Philadelphia Fed (last -36.1)

10:30am Natural Gas Inventories

Events

10:00am Fed Nominee Tarullo testifies at Senate confirmation hearing. 1:40pm Fed's Evans speaks to bankers in Madison, WI. 1:40pm Fed's Lockhart speaks on US economic outlook in Mississippi. Fed's Yellen speaks on US economic outlook in San Francisco (time to be annouced). BNP Leveraged Finance Conference. Trades Ex-dividend: CAT $0.42, POT $0.10, ABV $0.154.

Earnings

Before the Open: APH, ASML, BLK, BGG, CRAI, MI. After the Close: AEPI, DNA, INTC, LCRD, SHFL, SWKS, ZZ.

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 Jan 14th

*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	891.20	1236.50	8622	492.50
Resistance 2	882.60	1227.75	8548	483.90
Resistance 1	875.30	1214.50	8477	478.20
Pivot	866.70	1205.75	8403	469.60
Support 1	859.40	1192.50	8332	463.90
Support 2	850.80	1183.75	8258	455.30
Support 3	843.50	1170.50	8187	449.60

Contract	Feb. Gold	March Euro	Feb. Crude Oil	March Bonds
Resistance 3	848.20	1.3528	43.34	137 2/32
Resistance 2	839.80	1.3435	41.42	136 6/32
Resistance 1	830.80	1.3298	39.94	135 21/32
Pivot	822.40	1.3205	38.02	134 25/32
Support 1	813.40	1.3068	36.54	134 9/32
Support 2	805.00	1.2975	34.62	133 13/32
Support 3	796.00	1.2838	33.14	132 28/32

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

Wednesday, January 14, 2009

Economic

8:30am December Import Price Index (last m/m -6.7%, y/y -4.4%), December Advanced Retail Sales (last -1.8%, ex auto -1.6%)

10:00am November Business Inventories (last -0.6%)

10:30am Crude Oil/Gasoline/Distillate Inventories

2:00pm Fed's Beige Book

Events

8:30am Fed's Plosser discusses economic outlook in Newark, Delaware. 1:00pm Fed's Stern speaks on policy in Cedar Rapids, Iowa. Goldman Sachs Energy Conference. MBA Mortgage Applications (7:00, last -8.2%). Trades Ex-dividend: GD $0.35, YUM $0.19, PKI $0.07, LOW $0.085, EOG $0.135.

Earnings

Before the Open: CRRC, NITE, LCRY. After the Close: CLC, XLNX.

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 Jan. 13th 2009

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

Dear Trader,

850 is considered by many as major support level. Watch the market reaction as negative economic reports and/or earnings come out. Inability to break 850 or continue downtrend momentum on hills of bearish news can actually become a short term bullish factor.

A break and an hourly close below 850 can trigger a stronger sell off.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	907.90	1265.17	8703	493.60
Resistance 2	896.70	1245.08	8621	487.10
Resistance 1	882.40	1226.17	8533	477.10
Pivot	871.20	1206.08	8451	470.60
Support 1	856.90	1187.17	8363	460.60
Support 2	845.70	1167.08	8281	454.10
Support 3	831.40	1148.17	8193	444.10

Contract	Feb. Gold	March Euro	Feb. Crude Oil	March Bonds
Resistance 3	889.83	1.3632	43.09	138 8/32
Resistance 2	873.67	1.3541	41.94	136 18/32
Resistance 1	847.43	1.3438	39.77	135 20/32
Pivot	831.27	1.3347	38.62	133 30/32
Support 1	805.03	1.3244	36.45	133
Support 2	788.87	1.3153	35.30	131 10/32
Support 3	762.63	1.3050	33.13	130 12/32

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

Tuesday, January 13, 2009

Economic

8:30am November Trade Balance (last -$57.2B)

10:00am January IBD/TIPP Economic Optimism (last 45.0), Treasury's TAF results

2:00pm December Monthly Budget Statement (last $48.3B)

Events

8:00am Fed Chairman Bernanke speaks at London School of Economics. 5:00pm Fed's Lacker speaks on economic outlook in South Carolina. Credit Suisse Homebuilding Conference. ICSC/UBSW Chain Store Sales (7:45, last %). Redbook Retail Sales (8:55, last %). ABC Consumer Confidence (last -49). HRB Investor Conference Webcast. Trades Ex-dividend: ABT $0.36.

Earnings

Before the Open: MITK, IIIN. After the Close: EXFO, LLTC.

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 Jan 12th

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

Dear Trader,

Market consilidated between the 38.2% and 61.8% levels for the last few sessions (see chart below) . On one hand the market acts as it wants to resumes the rally of previous 2 weeks, on the other hand tha rally we had around new years was made on low volume and action of last 2 sessions is a bit bearish.

Time will tell!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	928.50	1281.83	8867	521.83
Resistance 2	919.00	1266.92	8793	512.67
Resistance 1	902.00	1244.83	8662	494.33
Pivot	892.50	1229.92	8588	485.17
Support 1	875.50	1207.83	8457	466.83
Support 2	866.00	1192.92	8383	457.67
Support 3	849.00	1170.83	8252	439.33

Contract	Feb. Gold	March Euro	Feb. Crude Oil	March Bonds
Resistance 3	891.30	1.3972	45.72	137 1/32
Resistance 2	880.30	1.3847	44.21	135 24/32
Resistance 1	867.00	1.3625	42.40	134 19/32
Pivot	856.00	1.3500	40.89	133 10/32
Support 1	842.70	1.3278	39.08	132 5/32
Support 2	831.70	1.3153	37.57	130 28/32
Support 3	818.40	1.2931	35.76	129 23/32

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

Monday, January 12, 2009

Economic

10:00am Treasury's TAF auction

Events

12:40pm Fed's Lockhart speaks on US economic outlook in Atlanta. Deutsche Bank Global Markets Outlook Conference. JP Morgan Healthcare Conference.

Earnings

Before the Open: INFY, WGNR. After the Close: ADTN, AA.

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.

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

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