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

Futures Trading levels and Economic reports for March 2nd

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Dear Trader,

Another bearish close on the stock market as we ended February more than 10% down!!

I am still waiting for another hard, spike down with heavy volume as a sign for temporary bottom, but sometimes things don't play out like you think and one must be ready for every scenario.

March should be an interesting month and I wish all of you a great trading month!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	762.83	1154.67	7315	410.27
Resistance 2	756.67	1145.33	7250	404.23
Resistance 1	744.83	1128.67	7150	395.47
Pivot	738.67	1119.33	7085	389.43
Support 1	726.83	1102.67	6985	380.67
Support 2	720.67	1093.33	6920	374.63
Support 3	708.83	1076.67	6820	365.87

Contract	April Gold	March Euro	April Crude Oil	June Bonds
Resistance 3	1001.00	1.2889	47.68	127 10/32
Resistance 2	982.50	1.2819	46.29	126 13/32
Resistance 1	964.00	1.2742	45.32	124 31/32
Pivot	945.50	1.2672	43.93	124 1/32
Support 1	927.00	1.2595	42.96	122 19/32
Support 2	908.50	1.2525	41.57	121 22/32
Support 3	890.00	1.2448	40.60	120 8/32

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

Monday, March 02, 2009

Economic

8:30am Jan Personal Income (last -0.2%), Jan Personal Spending (last -1.0%), Jan PCE Deflator y/y (last 0.6%), Jan PCE Core (last m/m 0.0%, y/y 1.7%)

10:00am Feb ISM Manufacturing (last 35.6), Feb ISM Prices Paid (last 29), Jan Construction Spending m/m (last -1.4%)

Events

11:30am Fed's Rosengren speaks to bankers in Washington. 12:45pm Fed's Lacker speaks to economists in Arlington, VA. Credit Suisse Private Equity Limited Partners meeting. Deutsche Bank Media & Telecom conference. Morgan Stanley Technology conference. Sandler O'Neill West Coast Financial Services conference. Trades Ex-dividend: ITT $0.213, AVY $0.41, SWK $0.32, AM $0.12.

Earnings

Before the Open: APL, AHD, ABM, ALD, ACAS, ARCC, BPZ, BKD, DRCO, DVAX, CMED, CCO, XTEX, XTXI, DISH, EIX, EPE, FCN, IBNK, NNI, OSG, OSP, PWRD, RDNT, SATS, TTES, TWGP, WRES, WEN, ZINC. After the Close: TAST, EGLE, BAGL, FOE, FR, FELE, GOLF, IMMR, IPCM, IPCS, KCP, LF, MDR, PDLI, POM, SUNH, SYKE, TIVO, TNS, VISN.

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 Feb 27th

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Dear Trader,

What a short trading month this has been! Tomorrow is the last trading day of February 2009.

Market is still trading between 740 to 780 and mostly between 750-778.....that's a very narrow range to be trading at for the last week.

On one hand the bulls are scared that we have been hovering around the lows with out any major bounce....on the other side the bears are getting nervous as the market has not been able to break the lows yet.....

Either way it should get more interesting in the next few days as i suspect we will see a break of either 738 or 780.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	798.87	1210.67	7553	419.07
Resistance 2	788.93	1192.83	7472	412.93
Resistance 1	770.37	1161.67	7323	403.47
Pivot	760.43	1143.83	7242	397.33
Support 1	741.87	1112.67	7093	387.87
Support 2	731.93	1094.83	7012	381.73
Support 3	713.37	1063.67	6863	372.27

Contract	April Gold	March Euro	April Crude Oil	June Bonds
Resistance 3	984.33	1.2933	48.69	127 6/32
Resistance 2	970.97	1.2871	47.00	126 14/32
Resistance 1	958.93	1.2802	45.66	125 16/32
Pivot	945.57	1.2740	43.97	124 24/32
Support 1	933.53	1.2671	42.63	123 26/32
Support 2	920.17	1.2609	40.94	123 2/32

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

Friday, February 27, 2009

Economic

8:30am Preliminary Q4 Annualized GDP q/q (last -3.8%), Q4 GDP Price Index (last -0.1%), Q4 Personal Consumption (last -3.5%), Q4 Core PCE q/q (last 0.6%)

9:45am Feb Chicago Purchasing Manager Index (last 33.3)

9:55am Feb Final U. of Michigan Confidence (last 56.2), Feb NAPM-Milwaukee (last 33)

Events

10:15am Fed's Yellen & Bullard comment on oil prices and policy. 1:30pm Fed's Fisher & Rosengren speak on monetary policy in New York City. Platts Liquefied Natural Gas Conference. Trades Ex-dividend: HAL $0.09, KEY $0.063, NVE $0.10, TDW $0.25, AROW $0.25.

Earnings

Before the Open: AYR, WTR, CDE, DT, DRH, EMCI, ENDP, FRO, IPG, IWA, JRCC, MGLN, MIR, SFL, TTI, PNX, TWP, WR. After the Close: IART, NTLS, ROSE, TRMA.

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 Feb. 26th

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Dear Trader,

Market tried to break higher and took out yesterdays high of 774.75 as well as the high from Feb. 20th of 778.75, yet failed on the last half an hour of trading.

My guess is that the next attempt at 780 can bring 810 pretty quick. However, failure and a break below 743-750 will make this market very nervous.

LEVELS: provided by www.technicalanalytics.com

S&P H		NASDAQ H		DOW H

RESISTANCE		RESISTANCE		RESISTANCE
	807.00	*******	1,238.00		7,945.00
*******	800.00		1,227.00	*******	7,875.00
******	792.50	*******	1,215.00	******	7,850.00
	787.00	******	1,200.00		7,590.00
	781.00		1,190.00	*****	7,500.00
*****	775.00	*****	1,184.00		7,405.00
***	771.00	****	1,170.00	****	7,325.00
**	765.00	**	1,165.00	**	7,280.00

CLOSE	761.50	CLOSE	1,154.00	CLOSE	7,228.00

SUPPORT		SUPPORT		SUPPORT
****	755.00	***	1,140.00	***	7,200.00
	748.00		1,129.00		7,125.00
	742.00	*****	1,120.00	*****	7,100.00
*****	735.00	******	1,110.00		7,010.00
	729.00		1,098.00		6,940.00
******	725.00		1,085.00	******	6,840.00
	719.00	*******	1,070.00	*******	6,740.00
*******	710.00		1,058.00		6,660.00

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

Thursday, February 26, 2009

Economic

8:30am Jan Durable Goods Orders (last -2.6%, ex-transport -3.6%), Initial Jobless Claims (last 627K), Continuing Claims (last 4.99M)

10:00am Jan New Home Sales (last 331K, m/m -14.7%)

10:30am Natural Gas Inventories

1:00pm Treasury's $22B 7-year note auction

Events

Longbow Research Steel Investor Conference. JP Morgan Investor Day. BKC Analyst Meeting. DF Investor Day. SFY Investor Day. PCG Analyst Meeting. Trades Ex-dividend: MCK $0.12, RX $0.03, SLE $0.11, STI $0.10, GR $0.25.

Earnings

Before the Open: ACIW, AKNS, AMT, ANSS, AWI, ABG, BVF, BCSI, BYD, BF.B, BRKR, CVC, CCC, LSE, CSE, CRZO, CDI, CKP, CNK, CCOI, CLR, CTB, CTCM, DPTR, DLR, DRQ, DUF, DYN, EV, EP, EPB, EME, ELMG, EPL, ESV, FRP, FSS, FAF, FTO, GLBL, HUN, IDCC, IGLD, VTIV, IRM, KG, LAMR, LLNW, LINE, LKQX, MIC, MPR, PCS, MDS, MSA, MINI, NDAQ, NGS, BABY, NNI, NZ, NIHD, NT, OMG, OCR, PNK, PNCL, PDC, RHDC, RAS, RRI, RBA, RDC, SWY, SAFM, SHLD, SSW, SIRI, SONS, SUG, SRT, STXS, TSTY, TK, SNAK, WTI, WNR. During Trading Hours: LPX. After the Close: AMCN, AIG, AHS, ANAD, ATHN, ADSK, BARE, BAS, BGCP, BGFV, BIO, BVN, CBEY, JRJC, CNL, FIX, CTV, CVA, CVTX, DECK, DELL, DTSI, ERES, ESL, EXEL, FCH, FCN, GPS, GXDX, GERN, GCA, GKK, HANS, HT, HGSI, HYC, INSU, INAP, KFN, KSS, LEAP, LAVA, ME, MEDX, MRX, MENT, MIDD, MOVE, MSCS, NABI, NVTL, NOVL, OCNW, OVTI, ORCC, PRX, PLLL, PCTI, PSA, NX, RSG, SD, SBAC, SGMS, SEAB, SNH, SNDA, FIRE, BEE, SWN, SWIM, UHS, URS, YSI, UTSI, WRC, INT.

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 Feb 25th

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Dear Trader,

Nice little bounce after consecutive days of seeing red.

For this rally to be more than just a "dead cat bounce", we need to see it break the 778 and then the 800, otherwise the 739 level is still at risk.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	811.60	1164.00	7674	434.17
Resistance 2	793.20	1164.00	7519	423.63
Resistance 1	780.60	1164.00	7409	416.27
Pivot	762.20	1164.00	7254	405.73
Support 1	749.60	1164.00	7144	398.37
Support 2	731.20	1164.00	6989	387.83
Support 3	718.60	1164.00	6879	380.47

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	1024.87	1.3135	43.26	130 21/32
Resistance 2	1010.93	1.3005	41.70	130 1/32
Resistance 1	988.07	1.2919	40.78	128 31/32
Pivot	974.13	1.2789	39.22	128 11/32
Support 1	951.27	1.2703	38.30	127 9/32
Support 2	937.33	1.2573	36.74	126 21/32
Support 3	914.47	1.2487	35.82	125 19/32

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

Wednesday, February 25, 2009

Economic

10:00am Jan Existing Home Sales (last 4.74M, m/m 6.5%)

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

1:00pm Treasury's $32B 5-year note auction

2:00pm TSLF auction

Events

10:00am Fed Chairman Bernanke testifies before US House. Goldman Sachs Technology and Internet Conference. Jefferies Internet & Media Conference. Robert W. Baird Business Solutions Conference. VOLC Analyst Meeting. MBA Mortgage Applications (7:00, last 45.7%). Trades Ex-dividend: QCOM $0.16, D $0.438, ANF $0.175, JWN $0.16, JNY $0.05. Note that DO to be added to S&P500 after the close.

Earnings

Before the Open: AER, ALD, ABK, CNP, GTLS, CMS, DLM, DNR, DIN, DISCA, DXYN, DLTR, RRD, EE, FSRV, FTR, GRMN, GEL, WOLF, HTV, ICTG, SJM, KBR, LXP, MSO, MCCC, MNC, OPTV, PEI, HK, POR, POZN, KWK, SKS, SPW, SRI, SYNO, NGLS, TFX, TJX, TWB, ZLC. After the Close: ANW, ACLI, AEL, ARNA, ARUN, AGO, AXTI, CWT, CIR, CLF, COGT, DCI, EGLE, EQY, ESRX, DAVE, FLS, FLR, GNK, GMR, GA, ROCK, GDP, GEF, ICAD, TEG, IFSIA, KEG, LTD, MANT, MCGC, MDAS, MRT, NKTR, NTES, NUVA, OEH, PCR, PDGI, PXP, PPO, PSYS, QDEL, RRR, CRM, SVNT, SCI, SINA, STNR, TLEO, TS, TRLG, TYL, URI, USU.

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 Feb. 24th

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Dear Trader,

We are at an interesting junction. Market has been dropping gradually towards the lows made back in November and today we can almost say it tested the lows today.

Some traders may look for a bounce of the potential "double bottom", while others will wait to see the market reaction. One thing is for sure the area of 727 to 739 is a very important area. We may see a strong bounce off these levels, we may see some panic selling if we break below Nov. lows or maybe even both, i.e a break below , followed by a strong bounce.

Who knows....We all wish we had that crystal ball.

Either way I expect increased volatility. Be wise with your money and trade management.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	807.13	1221.17	7657	437.40
Resistance 2	792.57	1199.83	7538	427.80
Resistance 1	768.93	1167.67	7327	413.20
Pivot	754.37	1146.33	7208	403.60
Support 1	730.73	1114.17	6997	389.00
Support 2	716.17	1092.83	6878	379.40
Support 3	692.53	1060.67	6667	364.80

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	1027.07	1.3205	44.09	130 16/32
Resistance 2	1013.33	1.3097	42.79	129 9/32
Resistance 1	1003.67	1.2904	40.47	128 20/32
Pivot	989.93	1.2796	39.17	127 12/32
Support 1	980.27	1.2603	36.85	126 23/32
Support 2	966.53	1.2495	35.55	125 16/32
Support 3	956.87	1.2302	33.23	124 27/32

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

Tuesday, February 24, 2009

Economic

9:00am Dec S&P/CS Home Price Index (last 154.59), Dec S&P/CS Composite-20 y/y (last -18.18%), Q4 S&P/CS Housing Price Index (last , y/y %)

10:00am Feb Consumer Confidence (last 37.7), Dec House Price Index m/m (last -1.8%), Q4 House Price Purchase Index q/q (last -1.8%), Feb Richmond Fed Manufacturing Index (last -49)

1:00pm Treasury's $40B 2-year note auction

3:00pm TSLF announcement

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

Events

10:00am Fed Chairman Bernanke testifies before the US Senate. 11:30am Fed's Fisher speaks on financial crisis in Rhode Island. 12:00pm Fed's Duke speaks on community reinvestment act in Washington, DC. Merrill Lynch Insurance Investor Conference. ICSC/UBSW Chain Store Sales (7:45, last 0.9%). Redbook Retail Sales (8:55, last -1.4%). ABC Consumer Confidence (last -49). MSFT Strategic Update Meeting. WLP 2009 Investor Conference. XTO annual Analyst Conference. JNPR Analyst Meeting. Trades Ex-dividend: LUV $0.005, B $0.16, DHT $0.30, AVA $0.18.

Earnings

Before the Open: ACOR, ALC, ASTE, BBG, CATM, CBRL, CRDN, DAKT, DPZ, ETM, EEFT, EVVV, FE, FWLT, FDP, GVHR, GTI, HPY, HSII, HSIC, HNZ, HD, HURN, ICON, IPGP, M, MGA, MVL, MHS, MPEL, NCI, NRF, ODP, PKD, PCG, PWR, RDN, RSH, RIGL, SRE, JOE, SHOO, SMA, TLM, TGT, TASR, THC, TNC, TRI, UNT, UNFI, VRX, VPHM, VNO, WAB, WWE. After the Close: ALNY, APSG, CAR, BTUI, CRI, CBI, CPSS, CCI, DM, DWA, DY, ECLP, EDR, EPIQ, XCO, FADV, FSLR, GMKT, GUID, HCN, HEI, HLX, HLF, ICXT, IO, KNDL, MELI, NBR, ORA, PZZA, PRA, QCOR, RADS, RRC, BID, SRSL, TEAM, TX, TIE, WYNN.

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 Feb 23rd

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

Dear Trader,

Negative week for stock indices BUT I still did not see the capitulation or a retest of Nov. lows, which suggests one of two:

Maybe the markets won't visit Nov. lows and there will NOT be a double bottom and the market is simply getting used to the new trading ranges OR we have one bigger spike down before we see any significant bounce.

740 MAJOR support, 840 MAJOR resistance and that leaves a lot of room in between.

Enjoy your weekend and have a great trading week.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	805.50	1215.50	7691	431.90
Resistance 2	792.00	1198.50	7576	424.10
Resistance 1	779.70	1185.00	7462	416.60
Pivot	766.20	1168.00	7347	408.80
Support 1	753.90	1154.50	7233	401.30
Support 2	740.40	1137.50	7118	393.50
Support 3	728.10	1124.00	7004	386.00

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	1047.10	1.3294	43.39	131 19/32
Resistance 2	1027.40	1.3088	41.76	130 11/32
Resistance 1	1010.90	1.2965	40.80	128 29/32
Pivot	991.20	1.2759	39.17	127 20/32
Support 1	974.70	1.2636	38.21	126 6/32
Support 2	955.00	1.2430	36.58	124 30/32
Support 3	938.50	1.2307	35.62	123 16/32

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

Monday, February 23, 2009

Economic

10:30am Dallas Fed Manufacturing Activity (last -50.5%)

Events

BoJ Minutes. 12:40pm Fed's Lockhard speaks on the economy in Orlando. 6:00pm Fed's Fisher speaks on the financial crisis at Harvard. BMO Capital Markets Global Metals & Mining Conference. Credit Suisse Global Services Conference. Gartner Wireless & Mobile Summit. HON Annual Investor Conference. Trades Ex-dividend: HSY $0.298, MHP $0.225, IVZ $0.10.

Earnings

Before the Open: ADLR, AMSF, CPB, DDR, DCO, GLF, HMA, HRP, ICLR, ITRN, KDN, LECO, GAS, ORBK, TDS, USM, VAL, WRI. After the Close: AEIS, ARP, BIDZ, DRC, DTE, FST, FELE, GGP, HLS, HL, HTZ, IPAS, LOOK, MHK, JWN, OKE, OKS, ONXX, MALL, PSB, SENO, SM, TTEC, TXRH, NCTY, USNA, WLL, XFML.

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 Feb. 20th

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

Dear Trader,

Market is still hanging on its lows.....Tomorrow is FEB options expiration day.

Not sure which way will go, either a strong bounce to 810-820 or additional decline towards the 739 lows from November but I dont think it can just hover around these levels much longer.

Trade well!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	813.10	1227.17	7727	438.53
Resistance 2	804.80	1214.58	7661	433.67
Resistance 1	791.90	1192.17	7561	425.13
Pivot	783.60	1179.58	7495	420.27
Support 1	770.70	1157.17	7395	411.73
Support 2	762.40	1144.58	7329	406.87
Support 3	749.50	1122.17	7229	398.33

Contract	April Gold	March Euro	April Crude Oil	March Bonds
Resistance 3	1003.23	1.2986	44.05	130 19/32
Resistance 2	995.57	1.2871	42.16	129 18/32
Resistance 1	984.83	1.2763	40.90	128 4/32
Pivot	977.17	1.2648	39.01	127 4/32
Support 1	966.43	1.2540	37.75	125 22/32
Support 2	958.77	1.2425	35.86	124 21/32
Support 3	948.03	1.2317	34.60	123 7/32

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

Friday, February 20, 2009

Economic

8:30am Jan CPI (last m/m -0.7%, y/y 0.1%; ex food & energy last m/m 0.0%, y/y 1.8%)

Events

Trades Ex-dividend: JNJ $0.46, GS $0.467. After the close, DO will replace WFT in the S&P500. PNRA will replace ARM in the S&P400. CVLT will replace PNRA, IWA will replace BBX and AFAM will replace BSET in the S&P600.

Earnings

Before the Open: AYR, ABX, BRC, HMSY, JCP, LPNT, LOW, PNW, RTIX, THI, GTS, TRW. After the Close: WRI.

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 Feb 19th

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

Dear Trader,

Daily chart below :

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	807.00	1229.33	7708	446.87
Resistance 2	800.90	1216.67	7653	440.53
Resistance 1	790.20	1196.33	7566	430.27
Pivot	784.10	1183.67	7511	423.93
Support 1	773.40	1163.33	7424	413.67
Support 2	767.30	1150.67	7369	407.33
Support 3	756.60	1130.33	7282	397.07

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	1022.70	1.2745	40.16	131 31/32
Resistance 2	1005.70	1.2691	39.55	131 6/32
Resistance 1	995.60	1.2615	38.43	129 23/32
Pivot	978.60	1.2561	37.82	128 29/32
Support 1	968.50	1.2485	36.70	127 14/32
Support 2	951.50	1.2431	36.09	126 21/32
Support 3	941.40	1.2355	34.97	125 6/32

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

Thursday, February 19, 2009

Economic

8:30am Jan PPI (last m/m -1.9%, y/y -0.9%, ex food & energy last m/m 0.2%, y/y 4.3%), Initial Jobless Claims (last 623K), Continuing Claims (last 4.81M)

10:00am Feb Philadelphia Fed (last -24.3), Jan Leading Indicators (last 0.3%)

10:30am Natural Gas Inventories

11:00am DoE Crude Oil/Gasoline/Distillate Inventories, Treasury note announcement

2:00pm TSLF auction

Events

1:15pm Fed's Lockhart speaks on US economy in Alabama. HSBC Securities Conference. Piper Jaffray Clean Technologies and Renewables Conference. CBE Analyst Meeting. Trades Ex-dividend: GE $0.31, AIZ $0.14.

Earnings

Before the Open: AMWD, AGP, APA, ABG, AACC, ATN, ATRC, B, BNHN, BRY, BBW, CCC, CSE, CTL, LNG, CITP, CEP, CPA, CRY, CVS, DSX, EV, ENZN, SSP, EXPE, GM, GLBL, GPI, HGRD, HRL, HOS, IDA, IDC, KNOL, LTM, MPEL, MFA, MGM, NGS, NM, NEM, NBL, ONXX, ORB, PDCO, PQ, PNCL, PDE, QLTI, RGC, RS, RIMG, RMG, SCHS, POOL, SSW, SRE, SPAR, S, GASS, SHOO, SFY, SCMR, TTC, TRAD, VDSI, VTAL, WPI, WST, WMB, WPZ, XTO. After the Close: AEA, ARII, AMSG, AVR, BRCD, BUCY, BLDR, CAB, CECO, CEC, CENX, STV, CQB, CYH, RIO, CROX, TRAK, DITC, ETM, EXEL, GFIG, LOPE, HGIC, HVT, HE, HL, HITT, HME, HYC, INWK, IBI, ITMN, INTU, JCOM, KND, LHO, LOCM, MCHX, MORN, NANO, NR, NDSN, NTRI, ORH, OIS, ASGN, OPTV, OSIP, PLLL, PGI, RAX, RADS, RRGB, RCKY, RUTH, SAPE, SINT, SPN, TSO, TSCM, SWIM, UNTD, UEIC, WOOF, VRGY, VLCM, WBMD, WMGI.

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 Feb. 18th

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

Dear Trader,

Market broke the psychological 800 level and unless we see some sort of Govt. intervention I suspect we are heading towards the lows from Nov.

One thing for sure, the next few days of this short trading week WILL BE JUMPY as traders are nervous and many economic reports will come out over the next 3 days.

Trade well and make sure you know what your limits are!!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	812.00	1225.83	7743	446.50
Resistance 2	806.60	1215.42	7697	442.20
Resistance 1	796.80	1199.83	7608	434.00
Pivot	791.40	1189.42	7562	429.70
Support 1	781.60	1173.83	7473	421.50
Support 2	776.20	1163.42	7427	417.20
Support 3	766.40	1147.83	7338	409.00

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	1018.47	1.2983	39.74	134 10/32
Resistance 2	996.93	1.2889	38.59	132 2/32
Resistance 1	984.07	1.2745	36.75	130 29/32
Pivot	962.53	1.2651	35.60	128 20/32
Support 1	949.67	1.2507	33.76	127 15/32
Support 2	928.13	1.2413	32.61	125 7/32
Support 3	915.27	1.2269	30.77	124 2/32

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

Wednesday, February 18, 2009

Economic

4:30am BoE minutes

8:30am Jan Import Price Index (last m/m -4.2%, y/y -9.3%), Jan Housing Starts (last 550K), Jan Building Permits (last 547K)

9:15am Jan Industrial Production (last -2.0%), Jan Capacity Utilization (last 73.6%)

2:00pm FOMC minutes of Jan 28 meeting, TSLF auction

3:00pm TSLF announcement

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

Events

9:00am Fed's Pianalto speaks to developers in Ohio. 12:30pm Fed Chairman Bernanke speaks at National Press Club in Washington. 1:20pm Fed's Evans speaks on economic outlook in Chicago. RBC FX/Futures Conference. CIBC Whistler Institutional Investor Conference. MBA Mortgage Applications (7:00, last -24.5%). Trades Ex-dividend: TGT $0.16, AGN $0.05, EFX $0.04, CMI $0.175, PCL $0.42, UTX $0.385.

Earnings

Before the Open: APWR, ACGY, ALD, AEE, AUXL, AVA, CATM, XEC, CMCSA, CEG, COWN, DE, DTG, FNDT, GTIV, GT, HNI, HST, ICON, INCY, IMA, JAKK, LOJN, MNC, NEWS, NWPX, OMX, OC, PLA, ROC, RBCN, SPNC, STP, MDCO, VAL, WLK. After the Close: AAP, ANW, AEM, AIQ, ACLI, ADI, BIDU, BMRN, NILE, BDN, CBS, CCRT, CSGP, CYBX, DENN, DBRN, ENOC, EXR, FRT, FADV, FR, GA, HPQ, HIMX, IM, ITRI, KONG, MSSR, MCRI, NATL, NHP, NLS, NCIT, NTES, NHWK, NINE, OII, ODSY, ORLY, PAAS, PGTI, PTP, PCLN, RCRC, SINA, SIRF, SKX, SNPS, TLEO, TRN, WFMI.

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 Feb. 17th

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

Dear Trader,

Markets will be closed on Monday in observance of Presidents day.

Complete schedule at: http://www.cannontrading.com/news/newsletter.php#extra

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	850.00	1266.67	8050	465.13
Resistance 2	844.00	1257.83	7995	460.67
Resistance 1	832.00	1242.67	7885	452.13
Pivot	826.00	1233.83	7830	447.67
Support 1	814.00	1218.67	7720	439.13
Support 2	808.00	1209.83	7665	434.67
Support 3	796.00	1194.67	7555	426.13

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	962.50	1.3055	43.90	130 31/32
Resistance 2	954.70	1.2997	41.08	129 27/32
Resistance 1	948.60	1.2933	39.46	128 2/32
Pivot	940.80	1.2875	36.64	126 30/32
Support 1	934.70	1.2811	35.02	125 5/32
Support 2	926.90	1.2753	32.20	124 1/32
Support 3	920.80	1.2689	30.58	122 8/32

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

Monday, February 16, 2009

Economic

None Seen

Events

Bond and equity markets are closed for the President's Day holiday. 9:40am Fed's Duke speaks in Arizona. Consumer Analyst Group Conference. MSFT Analyst Briefing. Roth Capital OC Growth Stock Conference.

Earnings

Before the Open: None seen. After the Close: CHE, GLBC, TCK, WNC.

Tuesday, February 17, 2009

Economic

8:30am Feb Empire Manufacturing (last -22.2)

9:00am Dec Net Long-Term TIC Flows (last -$21.7B), Dec Total Net TIC Flows (last $56.8B)

1:00pm Feb NAHB Housing Market Index (last 8)

3:00pm TSLF announcement

Events

1:00pm Fed's Bullard speaks to economists in New York. ICSC/UBSW Chain Store Sales (7:45, last 0.0%). Redbook Retail Sales (8:55, last -1.7%). ABC Consumer Confidence (last -53). Trades Ex-split: LPHI 5-4. Trades Ex-dividend: PH $0.25, ADM $0.14, MSFT $0.13, LLL $0.35, PCAR $0.18, PLD $0.25.

Earnings

Before the Open: AMED, ARB, AHC, AVNR, AXAS, BPHX, BXC, DAI, FOSL, RAIL, GPC, GGC, GTXI, HOC, HSP, HHGP, HX, INMD, KOP, LPX, MSO, MDT, OHB, PAG, PTN, RJET, STFC, SSYS, TEVA, TXPI, RIG, UTHR, VCI, VICL, WMT, WSO, ZBRA. After the Close: A, AMMD, AUTH, AXYS, BEAT, CRA, CHK, CGNX, CPTS, CPSS, CW, FOE, GPRO, IO, KALU, LZB, LNET, MIG, MRH, NAVG, PLAB, SPSS, SGY, SDXC, TEAM, UCTT, UPL, UAM, VOLC.

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 Feb 13th

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

Dear Trader,

Volatile action today. Market was trying to test the 800 mark on the SP 500 but bounced sharply on news regarding the current housing situation and proposed plans by current administration to try and stop foreclosures.

I still think the medium term picture is bearish and that the market is trying to test Nov. lows but is being supported by different news, comments etc.

The main thing for most of you as day-traders is to realize that sharp fast moves like we seen in the last hour of trading today do and will happen and you must be prepared.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	870.17	1299.83	8225	474.40
Resistance 2	851.83	1272.42	8065	462.90
Resistance 1	842.67	1257.83	7980	456.50
Pivot	824.33	1230.42	7820	445.00
Support 1	815.17	1215.83	7735	438.60
Support 2	796.83	1188.42	7575	427.10
Support 3	787.67	1173.83	7490	420.70

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	973.87	1.3176	38.71	131 16/32
Resistance 2	963.93	1.3058	37.48	130 16/32
Resistance 1	956.37	1.2951	36.01	129 15/32
Pivot	946.43	1.2833	34.78	128 14/32
Support 1	938.87	1.2726	33.31	127 13/32
Support 2	928.93	1.2608	32.08	126 13/32
Support 3	921.37	1.2501	30.61	125 12/32

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

Friday, February 13, 2009

Economic

9:55am Feb prelim Univ of Michigan confidence (last 61.2)

Events

Bond market recommended early close, Trades Ex-dividend: AFL $0.28, ED $0.59

Earnings

G7 Ministerial Meeting in Rome. Before the Open: ANF, ALE, BAM, CTSH, ENB, PEP, WYN. After the Close: CCJ, SPF.

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 Feb 11th

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

Dear Trader,

"Buy the rumor, sell the fact". Market was edging higher in previous sessions in anticipation of additional news regarding the stimulus package.

The lack of details sent the market down sharply and has now created a bearish technical picture.

Market is nervous and edgy and can swing quickly both ways. Make sure you have a stop placed and a full plan for each trade before you simply decide to buy or sell. Plan your trade, trade your plan!

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	900.40	1339.33	8530	490.40
Resistance 2	882.80	1313.17	8375	480.30
Resistance 1	854.90	1273.33	8125	463.50
Pivot	837.30	1247.17	7970	453.40
Support 1	809.40	1207.33	7720	436.60
Support 2	791.80	1181.17	7565	426.50
Support 3	763.90	1141.33	7315	409.70

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	955.70	1.3306	45.10	131 10/32
Resistance 2	937.70	1.3187	43.45	129 26/32
Resistance 1	928.00	1.3039	40.67	128 30/32
Pivot	910.00	1.2920	39.02	127 14/32
Support 1	900.30	1.2772	36.24	126 19/32
Support 2	882.30	1.2653	34.59	125 3/32
Support 3	872.60	1.2505	31.81	124 7/32

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

Wednesday, February 11, 2009

Economic

8:30am Dec Trade Balance (last-$40.4B)

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

1:00pm 10 year note auction

2:00pm Jan Monthly Budget Statement, TSLF auction

Events

1:00pm Fed's Evans speaks on economic outlook. FHLB note announcement, BB&T Transportation Services Conference. MBA Mortgage Applications (7:00, last 8.6%). Trades Ex-dividend: DD $0.41, LLY $0.49, EXC $0.525, MCHP $0.339, PHM $0.46. NAL added to the S&P 400 after the close, ERES and EBIX added to the S&P 600 after the close.

Earnings

Before the Open: AGU, AYE, ECOL, MT, BCE, CCE, CYBI, DVA, DF, FORR, GWR, GENZ, GNA, GLG, IR, JNY, ID, LNCE, LVLT, LIOX, MAC, MMC, MXGL, MICC, NICE, PFCB, RAI, SRP, SPIL, SBGI, SKYW, TKLC, MDCO, GTS, VAL, WXS. After the Close: ATVI, AEA, ACL, ARRS, AUDC, BMR, BWLD, CMG, CCRT, SCOR, CLB, OFC, CYMI, DFG, DW, DFT, EGP, EQIX, RE, FARO, GGP, GNK, GIL, GXP, GSIC, HIW, INSP, ICO, IRBT, KNXA, LVS, LPSN, LOOP, MERC, MOH, NTAP, NHWK, PACR, PVA, PAA, PPS, STR, O, RNR, SIRF, SKX, SNWL, SPRT, SMMX, TLEO, TCO, TEX, TWPG, TQNT, WSH, ZGEN.

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 Feb. 10th

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

Dear Trader,

CVhoppy action today as market awaits more details on stimulus package.

KEY level is 877. So far we have backed away from there a few times and I think that if we fail tyo break this and go below 850 we may see MUCH more downside. On the other hand a break above it opens the door for a larger rally.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	886.07	#VALUE!	8384	480.33
Resistance 2	879.43	#VALUE!	8329	475.37
Resistance 1	872.27	#VALUE!	8274	471.13
Pivot	865.63	#VALUE!	8219	466.17
Support 1	858.47	#VALUE!	8164	461.93
Support 2	851.83	#VALUE!	8109	456.97
Support 3	844.67	#VALUE!	8054	452.73

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	930.80	1.3327	44.70	127 23/32
Resistance 2	922.10	1.3207	43.56	126 30/32
Resistance 1	909.30	1.3107	41.69	126 17/32
Pivot	900.60	1.2987	40.55	125 24/32
Support 1	887.80	1.2887	38.68	125 12/32
Support 2	879.10	1.2767	37.54	124 19/32
Support 3	866.30	1.2667	35.67	124 6/32

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

Tuesday, February 10, 2009

Economic

10:00am Dec Wholesale Inventories (last -0.6%), TAF results

11:00am 1 month and year bill auction

1:00pm 3 year note auction

3:00pm TSLF announcement, Treasury inventory class auction data

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

Events

9:00am Fed's Dudley speaks on inflation in New York, 10:00am US Treasury's Geithner speaks on TARP program, 1:00pm Fed's Bernanke speaks to Congress on Fed programs. Deutsche Bank Small & Mid-Cap Growth Conference. ICSC/UBSW Chain Store Sales (7:45, last 1.6%). Redbook Retail Sales (8:55, last -2.7%). ABC Consumer Confidence (last -52). Trades Ex-dividend: TJX $0.11, STU $1.43

Earnings

Before the Open: ACM, ASCA, ARW, ATRC, CNC, CXW, CVH, CYNO, DTV, ELN, GET, HCP, HERO, ICE, LCAV, MLM, MDC, TAP, NURO, OMC, PBG, PER, Q, RDWR, SKH, TDC, TRA, PNX, UIS, UMC, VSH, VTNC, YGE. After the Close: ATAC, AMAT, BBSI, BOBE, CSCD, CBG, CERN, CF, CHH, CVGI, CSC, CPSS, EAC, EXEL, EXPD, FIS, BGC, GIVN, GLUU, HGR, HCSG, HS, KFRC, KONA, LTRE, XPRT, MVSN, MANH, MAXY, N, NSR, NVDA, PL, PZN, QSFT, SWIR, SIAL, SVR, TTMI, TWTC, VFC, VNUS, WTS, WWWW, XL.

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 Feb. 9th

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

Dear Trader,

Nice rally today (we somewhat "guessed" it yesterday based on the run up pre unemployment numbers). The gap we have from Jan. 18th at 869 is now closed.

What next? strong resistance at 876 needs to be cleared if this market will head higher. 850 support needs to be broken on the way down before any major move down can resume if at all.

have a great weekend and a successful trading week.

LEVELS:

Contract (March 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	901.33	1311.50	8578	500.17
Resistance 2	885.17	1291.25	8427	485.63
Resistance 1	874.83	1282.50	8328	477.37
Pivot	858.67	1262.25	8177	462.83
Support 1	848.33	1253.50	8078	454.57
Support 2	832.17	1233.25	7927	440.03
Support 3	821.83	1224.50	7828	431.77

Contract	April Gold	March Euro	March Crude Oil	March Bonds
Resistance 3	937.37	1.3276	46.43	128 24/32
Resistance 2	929.63	1.3132	44.56	128 2/32
Resistance 1	920.87	1.3026	42.35	126 29/32

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

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