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

Futures Trading levels and Economic reports for April 1st

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Dear Trader,

I wish everyone a great trading month in April!

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	823.27	1278.67	7795	445.87
Resistance 2	815.13	1268.33	7733	438.83
Resistance 1	802.97	1249.67	7626	428.37
Pivot	794.83	1239.33	7564	421.33
Support 1	782.67	1220.67	7457	410.87
Support 2	774.53	1210.33	7395	403.83
Support 3	762.37	1191.67	7288	393.37

Contract	April Gold	June Euro	May Crude Oil	June Bonds
Resistance 3	937.37	1.3526	52.25	131 10/32
Resistance 2	930.93	1.3435	51.09	130 18/32
Resistance 1	924.47	1.3356	50.08	130 4/32
Pivot	918.03	1.3265	48.92	129 12/32
Support 1	911.57	1.3186	47.91	128 30/32
Support 2	905.13	1.3095	46.75	128 6/32
Support 3	898.67	1.3016	45.74	127 24/32

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

Wednesday, April 01, 2009

Economic

7:30am March Challenger Job Cuts y/y (last 158.4%)

8:15am March ADP Employment Change (last -697K)

10:00am March ISM Manufacturing (last 35.8), March ISM Prices Paid (last 29), Feb Pending Home Sales m/m (last -7.7%), March Construction Spending m/m (last -3.3%)

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

Events

1:00pm Fed's Pianalto speaks at banking event in Columbus, OH. BB&T Manufacturing & Materials Conference. CIBC Commodity Products Conference. RBC Capital Energy & Commodities Panel. WMT Superstore Update. MBA Mortgage Applications (7:00, last 32.2%). Total and domestic vehicle sales. Trades Ex-dividend: BMY $0.31, AXP $0.18, MDT $0.188, SYY $0.24, MON $0.265, TMK $0.14. After the close, DNR added to S&P500. OFC, CNL added to the S&P400. PNFP added to the S&P600.

Earnings

Before the Open: WOR. After the Close: TTGT, UNF.

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 March 31st

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Dear Trader,

Last trading day for the month and the quarter is tomorrow. Todays gap open lower actually, almost "filled" the gap from a high gap open on the 23rd....not sure if it means anything but the market is now set to show us which is the path of least resistance, either resume the rally from last week or start a new move lower towards the low 700's.

Wishing all of you a great trading day!

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	813.57	1265.17	7744	450.53
Resistance 2	804.13	1248.58	7652	439.77
Resistance 1	794.57	1236.17	7566	427.63
Pivot	785.13	1219.58	7474	416.87
Support 1	775.57	1207.17	7388	404.73
Support 2	766.13	1190.58	7296	393.97
Support 3	756.57	1178.17	7210	381.83

Contract	April Gold	June Euro	May Crude Oil	June Bonds
Resistance 3	954.17	1.3455	55.29	131 20/32
Resistance 2	943.33	1.3371	53.77	130 25/32
Resistance 1	930.27	1.3281	51.15	129 28/32
Pivot	919.43	1.3197	49.63	129 2/32
Support 1	906.37	1.3107	47.01	128 5/32
Support 2	895.53	1.3023	45.49	127 10/32
Support 3	882.47	1.2933	42.87	126 13/32

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

Tuesday, March 31, 2009

Economic

9:00am Jan S&P/CS Home Price Index (last 150.66), Jan S&P/CS Composite-20 y/y (last -18.55%)

9:45am March Chicago Purchasing Manager Index (last 34.2)

10:00am March Consumer Confidence (last 25), March NAPM-Milwaukee (last 29)

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

Events

9:00am Fed's Stern speaks on too big to fail in Washington. 1:00pm Fed's Plosser speaks on financial regulation reform in Chicago. Financial Times Hong Kong Conference. CBLI Business Update. ICSC/UBSW Chain Store Sales (7:45, last -0.4%). Redbook Retail Sales (8:55, last -1.3%). ABC Consumer Confidence (last -49). Trades Ex-dividend: BAMM $0.05, GU $0.022.

Earnings

Before the Open: GMTN, GIGM, LEN, SAH, SCS. After the Close: APOL, EXFO, GIII, HLYS, FUL, FACE, SGK, ZZ, TBSI.

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 March 30th

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Dear Trader,

Have a great weekend and a successful trading week to come!

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	832.63	1284.67	7898	454.70
Resistance 2	826.97	1276.33	7842	448.60
Resistance 1	820.83	1264.67	7793	438.80
Pivot	815.17	1256.33	7737	432.70
Support 1	809.03	1244.67	7688	422.90
Support 2	803.37	1236.33	7632	416.80
Support 3	797.23	1224.67	7583	407.00

Contract	April Gold	June Euro	May Crude Oil	June Bonds
Resistance 3	951.43	1.3844	56.36	130 26/32
Resistance 2	944.07	1.3719	55.32	130 4/32
Resistance 1	933.73	1.3508	53.72	129 12/32
Pivot	926.37	1.3383	52.68	128 22/32
Support 1	916.03	1.3172	51.08	127 30/32
Support 2	908.67	1.3047	50.04	127 8/32
Support 3	898.33	1.2836	48.44	126 16/32

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

Monday, March 30, 2009

Economic

10:30am March Dallas Fed Manufacturing Activity (last -57.3%)

Events

Obama administration to announce auto industry viability plan. Brean Murray Global Resources & Infrastructure Conference. Platts Wind Power Conference. Trades Ex-dividend: CAH $0.14.

Earnings

Before the Open: CALM, LAYN, PRSC. After the Close: OXM.

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 March 27th

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Dear Trader,

Market had some "issues" deciding which way it wants to go and at the end decided to run up and close right against first daily resistance at 833.

Small level next at 838 and then the next major level is 873.

Below we have small support at: 816, then 807 and then 788.

My bias is for more upside but I really mean it when I say anyone's guess is good as mine.

When it comes to day-trading the key is your money management skills and discipline.

Have a good trading day!

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	856.37	1325.67	8119	470.73
Resistance 2	843.43	1303.83	8000	457.97
Resistance 1	836.87	1292.67	7939	451.53
Pivot	823.93	1270.83	7820	438.77
Support 1	817.37	1259.67	7759	432.33
Support 2	804.43	1237.83	7640	419.57
Support 3	797.87	1226.67	7579	413.13

Contract	April Gold	June Euro	May Crude Oil	June Bonds
Resistance 3	958.60	1.3738	56.84	131 3/32
Resistance 2	952.60	1.3690	55.75	129 30/32
Resistance 1	944.00	1.3596	54.94	129 6/32
Pivot	938.00	1.3548	53.85	128 1/32
Support 1	929.40	1.3454	53.04	127 9/32
Support 2	923.40	1.3406	51.95	126 4/32
Support 3	914.80	1.3312	51.14	125 12/32

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

Friday, March 27, 2009

Economic

8:30am Feb Personal Income (last 0.4%), Feb Personal Spending (last 0.6%), Feb PCE Deflator y/y (last 0.7%), Feb PCE Core (last m/m 0.1%, y/y 1.6%)

9:55am March Final U. of Michigan Confidence (last 56.6)

Events

POM Analyst Meeting. Trades Ex-dividend: DE $0.28, XRX $0.043, USB $0.05, XTO $0.125.

Earnings

Before the Open: FINL, KBH.

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 March 26th

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Dear Trader,

Market retraced to 1st daily support around 788 and bounced pretty strong from there.

resistance still at 833-838 and then 873.

On a different note, www.tradersaudio.com is offering a free trial on their news beat audio broadcast until the end of the week.

Visit: www.TradersAudio.com and login using user name: news and password: beat

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	861.47	1320.33	8127	459.37
Resistance 2	842.33	1291.17	7963	445.43
Resistance 1	825.27	1262.33	7822	434.47
Pivot	806.13	1233.17	7658	420.53
Support 1	789.07	1204.33	7517	409.57
Support 2	769.93	1175.17	7353	395.63
Support 3	752.87	1146.33	7212	384.67

Contract	April Gold	June Euro	April Crude Oil	June Bonds
Resistance 3	971.13	1.3936	56.37	130 2/32
Resistance 2	956.57	1.3796	55.28	129 11/32
Resistance 1	945.13	1.3699	54.05	128 14/32
Pivot	930.57	1.3559	52.96	127 23/32
Support 1	919.13	1.3462	51.73	126 25/32
Support 2	904.57	1.3322	50.64	126 2/32
Support 3	893.13	1.3225	49.41	125 5/32

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

Thursday, March 26, 2009

Economic

8:30am Final Q4 Annualized GDP q/q (prelim -6.2%), Q4 GDP Price Index (prelim 0.5%), Q4 Personal Consumption (prelim -4.3%), Q4 Core PCE q/q (prelim 0.8%), Initial Jobless Claims (last 646K), Continuing Claims (last 5.473M)

10:30am Natural Gas Inventories

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

Events

5:00am Fed's Lockhart speaks at Banque de France. 9:25am Fed's Lacker speaks in Charleston, SC. 10:00am Treasury Sec Geithner testifies before Congress. 12:00pm Fed's Fisher speaks on economic crisis. 12:30am Fed's Lacker speaks on US economic outlook in Charleston, SC. 1:00pm Fed's Stern speaks on "too big to fail" in Minneapolis. LXK Analyst Meeting. Trades Ex-split: MYGN 2-1. Trades Ex-dividend: COV $0.16, TDI $0.414, AEO $0.10. After the close, ORLY added to S&P500. ITRI added to the S&P400. NBTB added to the S&P600.

Earnings

Before the Open: ALDN, BBY, CAG, CONN, DPS, FRED, FREE, FUQI, GME, LEN, MOV, SCHL, TXI, UTIW, VIP, WTSLA, WSM. After the Close: ACN, CHINA, ERJ, LULU, PEIX, SMOD, SNX, TIBX, XRTX.

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 March 25th

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Dear Trader,

I will consider todays retracement "normal" after the big run up we had yesterday.

Market needs to hold above 791, otherwise we may see it try to close the gap it left around 772 from Sunday night session.

837 and then 873 are STRONG resistance levels.

Good Trading!

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	833.07	1272.33	7844	442.63
Resistance 2	826.43	1263.67	7795	436.57
Resistance 1	814.47	1248.33	7697	425.53
Pivot	807.83	1239.67	7648	419.47
Support 1	795.87	1224.33	7550	408.43
Support 2	789.23	1215.67	7501	402.37
Support 3	777.27	1200.33	7403	391.33

Contract	April Gold	June Euro	April Crude Oil	June Bonds
Resistance 3	969.27	1.3857	55.86	132 2/32
Resistance 2	956.93	1.3768	54.96	130 23/32
Resistance 1	941.57	1.3610	54.25	129 15/32
Pivot	929.23	1.3521	53.35	128 4/32
Support 1	913.87	1.3363	52.64	126 28/32
Support 2	901.53	1.3274	51.74	125 17/32
Support 3	886.17	1.3116	51.03	124 9/32

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

Wednesday, March 25, 2009

Economic

8:30am Feb Durable Goods Orders (last -4.5%, ex-transport -3.0%)

10:00am Feb New Home Sales (last 309K, m/m -10.2%)

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

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

Events

12:20pm Fed's Pianalto speaks on economic recovery in Ohio. 1:00pm Fed's Yellen speaks on US economic policy in New York. CIEN Annual Shareholder Meeting. ADP Analyst Meeting. MBA Mortgage Applications (7:00, last 21.2%). Trades Ex-dividend: SPLS $0.083, DHR $0.03, BSY $0.427, SUG $0.15.

Earnings

Before the Open: ADES, DSW, SOLF, SNSS. After the Close: CTRN, CKR, PAYX, RHT, SAI.

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 March 24th

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

Dear Trader,

Nice rally! up more than 7%.

I wrote on Friday after the market dropped: and the question as always is: "Is this a pull back to re-enter long or was this the end of the short covering rally (we did bounce 20% of the lows made March 6th)?

Well so far it seems that Friday was a pullback and that the short term mentality has changed from bearish to slightly bullish.

Next target on daily chart below is 873 which was a double top on Jan. 28th and Feb. 9th.

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	873.10	1329.50	8213	477.87
Resistance 2	846.80	1293.25	7972	455.43
Resistance 1	833.10	1274.50	7848	444.07
Pivot	806.80	1238.25	7607	421.63
Support 1	793.10	1219.50	7483	410.27
Support 2	766.80	1183.25	7242	387.83
Support 3	753.10	1164.50	7118	376.47

Contract	April Gold	June Euro	April Crude Oil	June Bonds
Resistance 3	974.30	1.4011	57.16	130 24/32
Resistance 2	966.20	1.3873	55.61	130 8/32
Resistance 1	952.20	1.3760	54.73	129 9/32
Pivot	944.10	1.3622	53.18	128 25/32
Support 1	930.10	1.3509	52.30	127 27/32
Support 2	922.00	1.3371	50.75	127 11/32
Support 3	908.00	1.3258	49.87	126 12/32

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

Tuesday, March 24, 2009

Economic

10:00am TAF results. Jan House Price Index m/m (last -0.1%), March Richmond Fed Manufacturing Index (last -51)

3:00pm TSLF announcement

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

Events

6:00am Fed's Evans speaks to Czech National Bank on economic outlook. 10:00am Fed Chairman Bernanke & Treasury Sec Geithner testify before Congress on AIG. 2:35pm Fed's Bullard speaks in London. Credit Suisse Asia Investment Conference. Deutsche Bank MENA Equity Conference. ICSC/UBSW Chain Store Sales (7:45, last -0.1%). Redbook Retail Sales (8:55, last -1.1%). ABC Consumer Confidence (last -47). Trades Ex-dividend: SWY $0.083.

Earnings

Before the Open: CCL, CMC, HLCS, MKC. After the Close: JBL, RBN.

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 March 23rd

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

Dear Trader,

Market retraced from highs made post FOMC ( on Wednesday) and the question as always is: "Is this a pull back to re-enter long or was this the end of the short covering rally (we did bounce 20% of the lows made March 6th)?

Enjoy your weekend and have a good trading week starting Monday!

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	801.93	1256.83	7549	431.10
Resistance 2	793.47	1238.42	7474	423.60
Resistance 1	778.63	1212.83	7344	410.60
Pivot	770.17	1194.42	7269	403.10
Support 1	755.33	1168.83	7139	390.10
Support 2	746.87	1150.42	7064	382.60
Support 3	732.03	1124.83	6934	369.60

Contract	April Gold	June Euro	April Crude Oil	June Bonds
Resistance 3	985.53	1.3898	54.65	131 17/32
Resistance 2	976.67	1.3811	53.69	130 30/32
Resistance 1	964.43	1.3688	52.93	129 30/32
Pivot	955.57	1.3601	51.97	129 12/32
Support 1	943.33	1.3478	51.21	128 12/32
Support 2	934.47	1.3391	50.25	127 25/32
Support 3	922.23	1.3268	49.49	126 25/32

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

Monday, March 23, 2009

Economic

10:00am TAF auction. Feb Existing Home Sales (last 4.49M, m/m -5.3%)

Events

10:00am Fed's Rosengren testifies before Congress. 6:00pm Treasury Sec Geithner and Fed's Rudd address WSJ conference. Bank of America Small Mid Cap Conference. Howard Weil Energy Conference. Merrill Lynch Sun City 1-on-1 Conference. SMi Group LNG Conference. CRM Financial Analyst Day. Trades Ex-dividend: KFT $0.29, FLS $0.27, PM $0.54.

Earnings

Before the Open: PRSC, TIF, WAG. After the Close: FMCN, PVH, RUBO, SONC, TLEO, TTGT.

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 March 20th

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

Dear Trader,

Market gave up a bit of the gains made yesterday. Tomorrow on the open is Quadruple witching day...futures, options on futures, equity options and single stock futures all have quarterly expiration. Should make for an interesting session.

815 is resistance, 760 is support. Good Trading!

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	813.63	1247.00	7679	432.97
Resistance 2	807.07	1234.25	7599	427.53
Resistance 1	790.63	1219.50	7475	419.47
Pivot	784.07	1206.75	7395	414.03
Support 1	767.63	1192.00	7271	405.97
Support 2	761.07	1179.25	7191	400.53
Support 3	744.63	1164.50	7067	392.47

Contract	April Gold	June Euro	April Crude Oil	June Bonds
Resistance 3	1010.57	1.4108	56.47	133 10/32
Resistance 2	987.03	1.3923	54.73	132 9/32
Resistance 1	973.07	1.3786	53.04	130 29/32
Pivot	949.53	1.3601	51.30	129 28/32
Support 1	935.57	1.3464	49.61	128 17/32
Support 2	912.03	1.3279	47.87	127 16/32
Support 3	898.07	1.3142	46.18	126 4/32

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

Friday, March 20, 2009

Economic

None Seen

Events

12:00pm Fed Chairman Bernanke speaks in Phoenix. Trades Ex-dividend: IGT $0.06, MR $0.20.

Earnings

Before the Open: KIRK. After the Close: GOL.

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 March 19th

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

Dear Trader,

What a day...many of you have heard me say that before, "don't try and day-trade 15 minutes before FOMC and until smoke clears after they come out...." today was a classic proof to that theory.

Extremely volatile market after the announcement, which would make it very hard to trade to most people.

Below is a daily chart, with 815 as next target bit really there is no telling what the market will do tomorrow once everyone (mainly professionals) digest the news.

Chart is below the news article below:

DJ Treasurys, Stocks, Rally, Dlr Plunges As Fed Boosts Purchases
Date: 03/18/2009 14:31

   By Madeleine Lim
   Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Treasurys and stocks rallied sharply, while the dollar plunged after the Federal Reserve stepped up efforts to support lending and the economy by ramping up its purchases of fixed income assets.
Following its two-day meeting, the Federal Open Market Committee surprised investors when it said said will buy $300 billion in longer-dated Treasurys over the next six months, along with another $850 billion in mortgage-related debt.
Despite the Fed's significant interventions to prop up credit markets and the federal government's massive stimulus package, the economic outlook remains highly uncertain, and the financial sector is still fragile. Wednesday's move shows the Fed is ready to provide further support to jumpstart lending and housing markets.
Investors cheered the Fed's unexpectedly aggressive move, with longer-dated Treasurys and stocks leading the charge.
The yield on the 10-year Treasury fell about half a percentage point to 2.54%, as the price rallied over four points, The 30-year bond was up more than 7 points to yield 3.40% after the announcement, though it gave up the gains after the New York Fed said it would limit its purchases to two through 10-year maturities.
Short-dated Treasurys saw smaller gains, as these are tied to the official fed funds rate, which remains in a range of zero to 0.25%. The yield on two-year Treasurys was down 1o points at 0.93%.
The Dow Jones Industrial Average was up about 50 points at 7454.
Wednesday's stock rally is the latest chapter in a strong run for the market, including full-day gains for the Dow in five of the last six trading sessions. However, many participants are continuing to view the surge as a bear-market rally, with a selling likely to pick up as first-quarter earnings season draws closer and new economic data continue to flash signs of recession.
Todd Leone, head of listed trading at Cowen & Co. in New York, noted that major indexes are flirting with key technical levels, including the 800 mark for the S&P. He's also on guard against increased volatility heading into Friday's expiration of options contracts on individual stocks and major indexes.
"We're not out of the woods yet with this market, but every little bit of gain helps," raising the possibility that the broader bear market is drawing at a close, Mr. Leone said.

    The Fed's March Surprise

Many expressed genuine surprise at the timing of the Fed's announcement to buy longer-term Treasurys.
"It takes your breath away," said Chris Ahrens, rates strategist at UBS. Like most market participants, Ahrens had expected the Fed to keep all options open, but not actually announce Treasury purchases.
These purchases are "a significant statement to the market that they're committed to providing as much liquidity to the market as is needed to get things moving again," he said.
But the dollar was hammered by the Fed's aggressive moves, which are seen as highly inflationary and market distorting. Dan Cook, senior market analyst for IG Markets, said the range of commitments could eventually put stress on the U.S. budget and the central bank's balance sheet. "This debt could be tough to service after a while; we didn't hear about an exit plan," Cook said.
Others suggested the dollar selloff is a sign of improved risk appetite, as the U.S. currency also fell against emerging market currencies.
The euro surged to $1.3472, its highest levels since Jan. 9, from $1.3109 just ahead of the meeting. The dollar was at Y96.16 recently, down from Y98.11.
The Fed's efforts so far to keep credit flowing to the broader economy have been successful in reopening some markets, but financing conditions overall remain tight. Highly-rated, cash-rich companies can tap the debt markets, but weaker companies have less access.
Mortgage rates have fallen substantially since the Fed launched a plan to purchase up to $600 billion in mortgage-related debt, yet many homeowners can't take advantage of the lower rates because house prices have collapsed, meaning they owe more on their home than it is worth.
Yet the mortgage bond market's response to the Fed's announcement was muted, given that investors had expected to see the Fed expand its mortgage-related purchase program.
Credit markets improved on the back of the FOMC's announcement, but Dwayne Moyers, portfolio manager at SMH Capital Advisors cautioned that nothing has changed.
"All is not good with the world yet," he said. "There's a lot of structural and fundamental problems still around. You have bounces off bear markets and right now that's what we're in," Moyers said.
How successful these new measures will be in restoring the flow of credit to the broader economy remains to be seen. Other central banks are pursuing government debt purchases in their attempts to ward off persistently falling prices and help stimulate credit growth. The Bank of England has already held three auctions to buy back longer-dated debt and U.K. yields have plunged. Nonetheless, lower-rated companies in the U.K. remain mostly shut out of public debt markets, while mortgage lending standards continue to tighten even as overall rates have fallen.
The Fed has placed considerable weight on its consumer lending support program, the Term Asset-Backed Securities Lending Facility, which is being launched this week. Investors have until Thursday to apply for cheap loans to purchase securities backed by consumer loans, and already two auto-loan backed deals worth over $4 billion have been announced that are eligible for such funding.

By Madeleine Lim, Dow Jones Newswires, 201 938 2009, Madeleine.lim@dowjones.com
(Brian Blackstone in Washington, Jacob Bunge in Chicago, Don Curren in Toronto, Kate Haywood, Deborah Lynn Blumberg, Peter McKay, Robert Curren and Eduardo Kaplan in New York contributed to this report.)

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=YP4aEomnnr3fVmx9HToUdQ%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
March 18, 2009 15:31 ET (19:31 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	845.83	1277.83	7878	447.87
Resistance 2	823.07	1250.92	7697	433.43
Resistance 1	807.33	1231.83	7568	424.97
Pivot	784.57	1204.92	7387	410.53
Support 1	768.83	1185.83	7258	402.07
Support 2	746.07	1158.92	7077	387.63
Support 3	730.33	1139.83	6948	379.17

Contract	April Gold	June Euro	April Crude Oil	June Bonds
Resistance 3	1043.67	1.4161	53.54	142 21/32
Resistance 2	998.83	1.3829	51.71	137 19/32
Resistance 1	972.37	1.3652	50.59	133 26/32
Pivot	927.53	1.3320	48.76	128 24/32
Support 1	901.07	1.3143	47.64	124 31/32
Support 2	856.23	1.2811	45.81	119 29/32
Support 3	829.77	1.2634	44.69	116 4/32

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

Thursday, March 19, 2009

Economic

8:00am NY Fed sets TALF rates

8:30am Initial Jobless Claims (last 654K), Continuing Claims (last 5.317M)

10:00am March Philadelphia Fed (last -41.3), Feb Leading Indicators (last 0.4%)

10:30am Natural Gas Inventories

11:00am Treasury note announcement

2:00pm TSLF auction

Events

10:30am Fed's Tarullo testifies before the Senate on modernizing bank regulation. UBS Specialty Chemicals Conference. ES Investor Conference. GE Investor Meeting. Trades Ex-dividend: NVO $0.745, CBK $0.06.

Earnings

Before the Open: BKS, CCL, CTR, PLCE, CSUN, CRAI, DFS, FDX, MCS, NEOG, NWY, PERY, PRGS, ROST, SCVL, SMRT, TNP, VIP, WGO. After the Close: COMS, BBI, ICXT, PALM, SMOD, SNX, TK, ULTA.

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 March 18th

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

Dear Trader,

FOMC rate decision tomorrow. Market is trading at the top of the range trying to make up it's mind if to break higher or retreat back....

As I mentioned many times before, be very careful during the 15 minutes before rate decision and at least 45 minutes after as market can be tricky and volatile.

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	813.87	1250.33	7657	435.60
Resistance 2	794.53	1221.17	7503	420.00
Resistance 1	784.87	1205.83	7427	411.90
Pivot	765.53	1176.67	7273	396.30
Support 1	755.87	1161.33	7197	388.20
Support 2	736.53	1132.17	7043	372.60
Support 3	726.87	1116.83	6967	364.50

Contract	April Gold	June Euro	April Crude Oil	June Bonds
Resistance 3	936.57	1.3165	53.59	127 16/32
Resistance 2	930.93	1.3101	51.71	126 24/32
Resistance 1	923.67	1.3061	50.30	125 12/32
Pivot	918.03	1.2997	48.42	124 20/32
Support 1	910.77	1.2957	47.01	123 9/32
Support 2	905.13	1.2893	45.13	122 17/32
Support 3	897.87	1.2853	43.72	121 5/32

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

Wednesday, March 18, 2009

Economic

4:30am BoE minutes

8:30am Feb CPI (last m/m 0.3%, y/y 0.0%; ex food & energy last m/m 0.2%, y/y 1.7%), Q4 Current Account Balance

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

2:00pm TSLF auction

2:15pm FOMC rate decision

3:00pm TSLF announcement

Events

BoJ releases monthly report. 2:30pm Fed's Cole testifies before the Senate on risk management oversight. 8:00am FDA Allergenic Products Advisory Committee, FDA Circulatory System Devices Panel, FDA Cardiovascular & Renal Drugs Advisory Committee. Credit Suisse Transportation & Logistics Conference. HPQ Annual Meeting. NEM Analyst Day. PEG Analyst Day. SBUX Annual Meeting. MBA Mortgage Applications (7:00, last 11.3%). Trades Ex-dividend: IFF $0.25, CINF $0.39, TIF $0.17, CB $0.35, ARII $0.03.

Earnings

Before the Open: ATU, CHRS, FDX, GIS, HLCS, LNN, SMTS, SNSS. After the Close: CTAS, CLC, EXM, HWAY, MLHR, IHS, LTON, NKE, ORCL, TBSI.

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 March 17th

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

Dear Trader,

Market consolidated after the run of the last few days and gave up earlier gains to finish un changed. So far not a bad bounce from the lows made March 6th but to convince me this bear market rally has more legs, I would like to see 788 taken out, otherwise I will watch support at 738.

In between you have 50 SP points, which we can consider a "range" and while 50 SP points did NOT use to be a large amount, now days, 50 points are about 7% ....

Good Trading!

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	788.70	1200.83	7484	412.53
Resistance 2	780.00	1187.92	7409	405.67
Resistance 1	766.90	1167.83	7299	395.73
Pivot	758.20	1154.92	7224	388.87
Support 1	745.10	1134.83	7114	378.93
Support 2	736.40	1121.92	7039	372.07
Support 3	723.30	1101.83	6929	362.13

Contract	April Gold	June Euro	April Crude Oil	June Bonds
Resistance 3	946.60	1.3318	52.62	128 23/32
Resistance 2	938.60	1.3197	50.13	127 23/32
Resistance 1	931.30	1.3079	48.61	126 10/32
Pivot	923.30	1.2958	46.12	125 10/32
Support 1	916.00	1.2840	44.60	123 29/32
Support 2	908.00	1.2719	42.11	122 29/32
Support 3	900.70	1.2601	40.59	121 16/32

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

Tuesday, March 17, 2009

Economic

8:30am Feb PPI (last m/m 0.8%, y/y -1.0%, ex food & energy last m/m 0.4%, y/y 4.2%), Feb Housing Starts (last 466K), Feb Building Permits (last 531K)

3:00pm TSLF announcement

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

Events

BOJ interest rate decision. Credit Suisse Chicago Energy Conference. Jefferies Global Clean Tech Conference. JP Morgan Gaming, Lodging, Restaurant & Leisure Conference. Merrill Lynch Taiwan Technology Conference. UBS CEO Conference. AAPL iPhone Operating System Sneak Peak Event. NE Shareholder Meeting. ICSC/UBSW Chain Store Sales (7:45, last 0.2%). Redbook Retail Sales (8:55, last -1.4%). ABC Consumer Confidence (last -48). Trades Ex-dividend: SRE $0.39, TSS $0.07, AINV $0.26, MPW $0.20.

Earnings

Before the Open: CSIQ, CRYP, FDS, GVHR, HNR, RTLX. After the Close: AIR, ADBE, DRI, GES, TXCO.

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 March 16th

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

Dear Trader,

Hope everyone had a good trading week, will enjoy a nice weekend and have a successful trading week coming up.

Chart below shows a few levels I am looking at off this short covering rally. 735 is now a support to watch out for and 788 is a resistance the market may take a shot at.

LEVELS:

Contract (June 2008)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	776.90	1197.67	7354	405.73
Resistance 2	766.20	1183.33	7270	399.77
Resistance 1	760.40	1175.67	7224	396.13
Pivot	749.70	1161.33	7140	390.17
Support 1	743.90	1153.67	7094	386.53
Support 2	733.20	1139.33	7010	380.57
Support 3	727.40	1131.67	6964	376.93

Contract	April Gold	June Euro	April Crude Oil	June Bonds
Resistance 3	962.37	1.3067	49.95	129 1/32
Resistance 2	951.73	1.3013	49.05	128 5/32
Resistance 1	940.87	1.2970	47.41	127 5/32
Pivot	930.23	1.2916	46.51	126 10/32
Support 1	919.37	1.2873	44.87	125 10/32
Support 2	908.73	1.2819	43.97	124 14/32
Support 3	897.87	1.2776	42.33	123 14/32

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

Monday, March 16, 2009

Economic

8:30am March Empire Manufacturing (last -34.65)

9:00am Jan Net Long-Term TIC Flows (last $34.8B), Jan Total Net TIC Flows (last $74B)

9:15am Feb Industrial Production (last -1.8%), Feb Capacity Utilization (last 72%

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

Events

Frost & Sullivan Medical Devices Conference. Trades Ex-dividend: RF $0.10, VTR $0.513, TRA $0.10. After the close NU will be added to the S&P500; OMI & WW will be added to the S&P400; AZZ, ESE & HELE will be added to the S&P600; and MON will be added to the S&P100.

Earnings

Before the Open: ABG, CYPB, EPL, ENG, FTK, HWCC, ORBC, OFG, PCAP, PLUG, PRSC, RDNT, SGK, SAH, STRL. After the Close: APP, CNTY, EDR, FACE, SINA, SKIL, STAA.

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 March 13th

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

Good Morning-

Daily Support & Résistance Levels	Mini-S&P 500 Futures June 09	Mini-Nasdaq 100 Futures June 09	Mini-Dow Futures June 09	Mini Russell 2000 Futures June 09	30-year US Bond Futures June 09	10-Year US Note Futures June 09
Support 3	710.50	1107.00	6806	366.60	12400	12012.5
Support 2	721.75	1123.00	6898	373.10	12508	12103.5
Support 1	734.50	1141.00	7001	380.20	12520	12112
Résistance 1	755.25	1174.50	7197	386.80	12709	12119
Résistance 2	767.00	1192.00	7280	394.80	12808	12129.5
Résistance 3	775.50	1212.00	7364	403.50	12902	12215

FRIDAY, MARCH 13 2009

Time	Release	For	Trading Impact	Actual	Briefing Est	Consensus Est	Prior	Revised From
08:30 ET	Export Prices ex-ag.	Feb	Low	0.1%	NA	NA	0.1%	0.0%
08:30 ET	Import Prices ex-oil	Feb	High	-0.6%	NA	NA	-0.8%	--
08:30 ET	Trade Balance	Jan	Medium	-$36.0B	-$37.5B	-$38.0B	-$39.9B	--
10:00 ET	Mich Sentiment-Prel	Mar

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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