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Sunday, April 19, 2009

Futures Trading levels and Economic reports for Apr. 20th

E-Futures.com | Cannon Trading
Futures Trading levels and Economic reports for April 20th


Greetings!

A little different format for our daily newsletter. If you wish to remove yourself from getting daily updates such as this one, please scroll to the end of the message and click on "safe unsubscribe" where you will be able to choose which updates (if any) you would like to get from us.

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

To view the chart, please click:
http://www.cannontrading.com/daily/20090417.gif
SP500 daily chart Apr 17th 2009
levels
REPORTS (EST): Provided by www.TradeTheNews.com


Monday, April 20, 2009


Economic
10:00am March Leading Indicators (last -0.4%)
11:00am Treasury's 5-year announcement
Events
9:00am Fed's Evans speaks in Chicago. 7:30pm Fed's Kohn speaks on economic outlook in Delaware. American Association for Cancer Research Annual Meeting. CIBC Energy Conference. Credit Suisse Private Equity Conference. Merrill Lynch/BoA European Oils Conference. RDEA Analyst meeting. Trades Ex-dividend: CVS $0.076, APA $0.15.
Earnings
Before the Open: BAC, BOH, ETN, LLY, HAL, HAS, MMR, SXT, TNB, WFT. After the Close: BMI, BXS, BSX, BRO, CNI, CR, ELS, FWRD, HWAY, IBM, IEX, JDAS, LNCR, MLNX, NARA, OMCL, OMI, PKG, PNFP, RLI, SGK, SYK, TXN, VLTR, ZION, ZRAN.

Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.

Contact Information
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannontrading.com

Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #515
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
 
* Important Please Note:
Trading commodity futures and options involves substantial risk of loss. 
The recommendations contained in this letter is of opinion only and does not guarantee any profits.
These are risky markets and only risk capital should be used.
Past performances are not necessarily indicative of future results.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Safe Unsubscribe
Cannon Trading Co Inc | 9301 Wilshire Blvd | Suite 515 | Beverly Hills | CA | 90210

posted by Cannon Trading at 11:01 AM 0 comments

Friday, April 17, 2009

Futures trading levels and reports for April 17th

 

 

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

 

 

 

 

Good Morning- Option expiration day is know for its high volatility and 2 sides trading action. Have a great trading day!

 

 

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

831.50

1293.00

7814

447.50

12423

12126

Support 2

845.25

1318.00

7945

458.50

12518

12219

Support 1

853.75

1333.00

8007

465.30

12604.5

12222

Résistance 1

867.50

1358.00

8119

476.30

12621.5

12231.5

Résistance 2

871.00

1376.00

8234

484.50

12630.5

12304.5

Résistance 3

876.00

1394.00

8400

491.70

12714.5

12313.5

 

Friday, April 17, 2009

Economic

9:55am April prelim Univ of Michigan confidence (last 57.3)

Events

8:30am Fed's Hoenig speaks at Fed conference in Washington, DC. 12:00pm Fed Chairman Bernanke speaks at Fed conference in Washington, DC. Sony Ericsson JV earnings. Trades Ex-dividend: SHLM $0.15, MAIN $0.125.

Earnings

Before the Open: AOS, BBT, C, FHN, GE, IGTE, MAT, MEG, OSTK, PRSP.

 

 

Sincerely,

 

Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
E-mail: ilan@cannontrading.com

Yahoo IM: ilanlevy1970
Tel: 800-454-9572

Int'l: 310-859-9572
Fax 310-859-0547
Mailing Address: 9301 Wilshire Blvd. Suite #515
Beverly Hills, Ca 90210

 

"The finest compliment I can receive is a referral from a trusted client."

 

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

 

posted by Cannon Trading at 7:38 AM 0 comments

Tuesday, April 14, 2009

Futures Trading levels and Economic reports for April 15th

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

Market gave up some gains and bounced slightly off the 50% retracement from the 810-861 move, right around 836.

 

LOTS of economic numbers tomorrow (in addition to the ongoing earnings reports) and that will determine if we will seee 830-820-810 levels or if the rally from last week will resume and 861 will be taken out .

 

My guess (and it is really a pure speculation on my part) is that selling pressure will prevail for the next couple of days, i.e. lower prices.

 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 866.93 1362.50 8077 478.53
Resistance 2 860.07 1349.25 8023 472.57
Resistance 1 850.03 1336.50 7957 462.53
Pivot 843.17 1323.25 7903 456.57
Support 1 833.13 1310.50 7837 446.53
Support 2 826.27 1297.25 7783 440.57
Support 3 816.23 1284.50 7717 430.53
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 910.57            1.3509 53.05 129 29/32
Resistance 2 905.13            1.3443 52.09 128 30/32
Resistance 1 897.97            1.3353 50.78 128 11/32
Pivot 892.53            1.3287 49.82 127 12/32
Support 1 885.37            1.3197 48.51 126 25/32
Support 2 879.93            1.3131 47.55 125 26/32
Support 3 872.77            1.3041 46.24 125  7/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Wednesday, April 15, 2009


Economic
8:30am March CPI (last m/m 0.4%, y/y 0.2%; ex food & energy last m/m 0.2%, y/y 1.8%), March CPI Core Index SA (last 217.670), April Empire Manufacturing (last -38.23)
9:00am Feb Net Long-Term TIC Flows (last -$43B), Feb Total Net TIC Flows (last -$148.9B)
9:15am March Industrial Production (last -1.5%), March Capacity Utilization (last 70.2%)
10:30am DoE Crude Oil/Gasoline/Distillate Inventories
1:00pm April NAHB Housing Market Index (last 9)
2:00pm Fed's Beige Book
Events
10:00pm China Q1 GDP. Infocast Advanced Battery Manufacturing Conference. MBA Mortgage Applications (7:00, last 4.7%). Trades Ex-dividend: PKI $0.07, LOW $0.085, HRL $0.19, AYI $0.13.
Earnings
Before the Open: ABT, ACGY, ASML, SCHW, INFY, NITE, LUFK, MTOX, BTU, PJC, PGR, WWW. After the Close: ATR, CCK, DTLK, KMP, LSTR, LLTC, PLCM, STLY, UFPI.
 
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

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

Sincerely,

Ilan Levy-Mayer, M.B.A

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

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

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

posted by Cannon Trading at 1:22 PM 0 comments

New Widget: Energy Prices

Start Futures trading with Cannon

posted by Cannon Trading at 12:57 PM 0 comments

Monday, April 13, 2009

Futures Trading levels and Economic reports for Apr 14th

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

Market opened lower, tested support at 842 and never looked back.

 

If the action we had on both Thursday and today was done during "normal trading days" and not during what I call "Holiday Mode", I would say that it is quite bullish. However, because the rally took place during the day before and after Easter on light volume, I will need to see some proof coming up the rest of this week when more volume comes back into the market.

Some important economic reports are due the rest of the week along with option expiration day on Friday.

Some levels to watch for are: 861, 873 on the way up. 848, 839 and 823 on the way down.

 

Good Trading!

 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 884.23 1371.00 8232 485.47
Resistance 2 872.77 1357.50 8146 477.13
Resistance 1 864.63 1348.00 8083 471.97
Pivot 853.17 1334.50 7997 463.63
Support 1 845.03 1325.00 7934 458.47
Support 2 833.57 1311.50 7848 450.13
Support 3 825.43 1302.00 7785 444.97
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 921.33            1.3734 55.08 129 22/32
Resistance 2 911.27            1.3562 53.62 128 18/32
Resistance 1 903.03            1.3467 51.77 127 27/32
Pivot 892.97            1.3295 50.31 126 23/32
Support 1 884.73            1.3200 48.46 126     
Support 2 874.67            1.3028 47.00 124 28/32
Support 3 866.43            1.2933 45.15 124  5/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Tuesday, April 14, 2009


Economic
8:30am March PPI (last m/m 0.1%, y/y -1.3%, ex food & energy last m/m 0.2%, y/y 4.0%), March Advance retail sales (last 0.1%, ex autos last 0.7%)
10:00am Feb Business Inventories (last -1.1%)
10:30am Fed coupon purchase
4:30pm API Crude Oil/Gasoline/Distillate Inventories
Events
10:30am Fed's Evans speaks on risk management for banks. 4:45pm Fed's Stern speaks on risk management for banks. ICSC/UBSW Chain Store Sales (7:45, last 0.6%). Redbook Retail Sales (8:55, last 0.4%). ABC Consumer Confidence (last -50). AGL Analyst Meeting. SY Shareholders Meeting. Trades Ex-dividend: BBY $0.14, EOG $0.145, RRD $0.26, NPD $0.33, MGRC $0.22, KWR $0.23.
Earnings
Before the Open: CBSH, FAST, GS, JNJ, GWW. After the Close: ADTN, CSX, HCSG, STX, INTC.
 
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

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

Sincerely,

Ilan Levy-Mayer, M.B.A

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

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

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

posted by Cannon Trading at 12:58 PM 0 comments

Thursday, April 09, 2009

Futures Trading levels and Economic reports for April 13th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Market could not crack support of 811 over the last few sessions so the path of less resistance became the upside.....
 
It will be very interesting to see where we will open Monday after the long weekend. Next major resistance at 873.
 
Support at 839, 823, 811
 
Markets are closed tomorrow. Full schedule and times of reopen can be found at:
 
 
Have a happy Easter, happy Passover!
 
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 868.67 1369.17 8167 501.23
Resistance 2 860.33 1355.58 8098 483.57
Resistance 1 856.17 1345.67 8057 474.13
Pivot 847.83 1332.08 7988 456.47
Support 1 843.67 1322.17 7947 447.03
Support 2 835.33 1308.58 7878 429.37
Support 3 831.17 1298.67 7837 419.93
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 898.13            1.3503 55.79 128 28/32
Resistance 2 892.97            1.3419 54.12 128  5/32
Resistance 1 886.33            1.3289 53.06 127  2/32
Pivot 881.17            1.3205 51.39 126 11/32
Support 1 874.53            1.3075 50.33 125  9/32
Support 2 869.37            1.2991 48.66 124 18/32
Support 3 862.73            1.2861 47.60 123 15/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Monday, April 13, 2009


Economic
10:30am Fed coupon purchase
Events
Note that European markets are closed for Easter Monday. Trades Ex-dividend: ABT $0.40.
Earnings
Before the Open: TLB . After the Close: JBHT, RNOW.
 
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

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

Sincerely,

Ilan Levy-Mayer, M.B.A

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

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

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

posted by Cannon Trading at 1:04 PM 0 comments

Wednesday, April 08, 2009

Futures Trading levels and Economic reports for April 9th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Market still in a range. The longer markets consolidate in general, the bigger the move that follows. I wish I knew the direction of the move.....using a breakout strategy may be the way to go if you are a swing trader.
 
The bands right now are 803 to 844 with 811 and 825 playing a significant rule during the day session.
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 841.67 1338.33 7993 462.30
Resistance 2 833.33 1322.17 7917 451.70
Resistance 1 827.67 1310.33 7853 445.60
Pivot 819.33 1294.17 7777 435.00
Support 1 813.67 1282.33 7713 428.90
Support 2 805.33 1266.17 7637 418.30
Support 3 799.67 1254.33 7573 412.20
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 901.77            1.3486 55.69 129 11/32
Resistance 2 896.73            1.3396 53.49 128 20/32
Resistance 1 889.27            1.3326 51.76 128  3/32
Pivot 884.23            1.3236 49.56 127 13/32
Support 1 876.77            1.3166 47.83 126 28/32
Support 2 871.73            1.3076 45.63 126  5/32
Support 3 864.27            1.3006 43.90 125 20/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Thursday, April 09, 2009


Economic
7:00am BoE rate decision
8:30am Feb Trade Balance (last -$36B), March Import Price Index (last m/m -0.2%, y/y -12.8%), Initial Jobless Claims (last 669K), Continuing Claims (last 5.728M)
10:30am Natural Gas Inventories
Events
Recommended bond market early close. 9:00am Fed's Stern speaks in South Dakota. 1:00pm Fed's Hoenig speaks on US economy in Oklahoma. Same-store sales before the open. Trades Ex-dividend: TEL $0.16, ETH $0.10.
Earnings
Before the Open: FCSX, MTRX, MOV. After the Close: CBK, EXM.
 
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

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

Sincerely,

Ilan Levy-Mayer, M.B.A

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

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

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

posted by Cannon Trading at 1:11 PM 0 comments

Tuesday, April 07, 2009

Futures Trading levels and Economic reports for April 8th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Seems like a slow grind lower. We went and tested support yesterday at 818 and bounced. Today we tested support at 811, bounced and then closed on the lows.
 
Next meaningful support at: 800-803. Resistance at 823-826.
 
Good trading!
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 830.47 1322.83 7925 462.73
Resistance 2 826.33 1309.42 7873 455.77
Resistance 1 819.27 1293.83 7815 443.53
Pivot 815.13 1280.42 7763 436.57
Support 1 808.07 1264.83 7705 424.33
Support 2 803.93 1251.42 7653 417.37
Support 3 796.87 1235.83 7595 405.13
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 907.37            1.3560 53.89 128 13/32
Resistance 2 897.13            1.3483 52.85 127 27/32
Resistance 1 890.57            1.3376 50.96 127 13/32
Pivot 880.33            1.3299 49.92 126 26/32
Support 1 873.77            1.3192 48.03 126 12/32
Support 2 863.53            1.3115 46.99 125 26/32
Support 3 856.97            1.3008 45.10 125 12/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 
 

Wednesday, April 08, 2009


Economic
10:00am Feb Wholesale Inventories (last -0.9%)
10:30am DoE Crude Oil/Gasoline/Distillate Inventories
1:00pm Treasury's 3-year note aution
2:00pm FOMC minutes
Events
SEC to vote on restoring the uptick rule. Goldman Sachs Leveraged Finance Healthcare Conference. MBA Mortgage Applications (7:00, last 3.0%). Same-store sales after the close. Trades Ex-dividend: MA $0.15, PGN $0.62, CBKN $0.08.
Earnings
Before the Open: STZ, FDO, GBX, RPM, SGR. During Trading Hours: JOSB. After the Close: CHP, PBY, SMSC, WDFC.
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

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

Sincerely,

Ilan Levy-Mayer, M.B.A

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

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

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

posted by Cannon Trading at 1:13 PM 0 comments

Monday, April 06, 2009

Futures Trading levels and Economic reports for April 7th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Market gapped lower after a bullish close Friday. Tested the 818.50 support/ 38.2% retracement level and then bounced pretty good from there.
 
I will look at Fridays high of 842 as an area that if we can close above on an hourly chart, may signal another leg up.
 
On the other hand, a break below 818 will push prices toward 807-810 and will close the GAP we have from April 1st, which is also a 50% retracement level....what does it all mean? sometimes nothing, just some levels to have in mind from the slighly bigger time frame that you can apply as you are daytrading...
 
See hourly chart below and good trading!
 
 
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 851.60 1351.50 8095 482.73
Resistance 2 842.70 1333.25 8015 472.37
Resistance 1 836.60 1322.50 7965 459.43
Pivot 827.70 1304.25 7885 449.07
Support 1 821.60 1293.50 7835 436.13
Support 2 812.70 1275.25 7755 425.77
Support 3 806.60 1264.50 7705 412.83
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 926.23            1.3769 57.15 129  1/32
Resistance 2 912.87            1.3675 55.38 128 12/32
Resistance 1 891.73            1.3543 53.36 127 11/32
Pivot 878.37            1.3449 51.59 126 22/32
Support 1 857.23            1.3317 49.57 125 21/32
Support 2 843.87            1.3223 47.80 125     
Support 3 822.73            1.3091 45.78 123 31/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Tuesday, April 07, 2009


Economic
10:00am TAF results
1:00pm Treasury's 10-year note auction
3:00pm Feb Consumer Credit (last $1.8B)
4:30pm API Crude Oil/Gasoline/Distillate Inventories
Events
CanaccordAdams Hepatitis C Conference. RBC Uranium Production Conference. ICSC/UBSW Chain Store Sales (7:45, last 1.1%). Redbook Retail Sales (8:55, last -0.6%). ABC Consumer Confidence (last -49). DNR Analyst Meeting. Trades Ex-dividend: GD $0.38, JCP $0.20, YUM $0.19, T $0.41, VZ $0.46.
Earnings
Before the Open: CHTT, ISCA. After the Close: AA, BBBY, LNDC, MIND, MOS, RECN, RT.
 
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

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

Sincerely,

Ilan Levy-Mayer, M.B.A

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

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

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

posted by Cannon Trading at 1:26 PM 0 comments

Friday, April 03, 2009

Futures Trading levels and Economic reports for April 6th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Bad job numbers, market barely sold off, then bounced to close at the highs. Some would call this a short term bullish indicator, which may indeed be the case if we can trade and hold above 844.
 
Have a great weekend.
 
 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 863.50 1346.17 8180 476.33
Resistance 2 852.00 1331.08 8084 466.57
Resistance 1 846.00 1323.17 8032 461.53
Pivot 834.50 1308.08 7936 451.77
Support 1 828.50 1300.17 7884 446.73
Support 2 817.00 1285.08 7788 436.97
Support 3 811.00 1277.17 7736 431.93
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 925.80            1.3667 56.77 131  2/32
Resistance 2 918.80            1.3581 55.33 130  5/32
Resistance 1 906.50            1.3534 53.89 128 20/32
Pivot 899.50            1.3448 52.45 127 23/32
Support 1 887.20            1.3401 51.01 126  6/32
Support 2 880.20            1.3315 49.57 125  9/32
Support 3 867.90            1.3268 48.13 123 24/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Monday, April 06, 2009


Economic
10:00am TAF auction
11:00am Treasury's note announcement
Events
BoJ rate decision. Defense Sec Gates to announce 2010 US DoD budget. ING EMEA Financials Conference. Hart Energy Gas Conference. Merrill Lynch Emerging Gold Producers Conference. Trades Ex-dividend: ORCL $0.05, CMCSA $0.068, CMCSK $0.068, GPS $0.085, KOF $0.508.
Earnings
After the Close: APOG, BLUD.
 
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

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

Sincerely,

Ilan Levy-Mayer, M.B.A

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

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

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

posted by Cannon Trading at 1:06 PM 0 comments

Thursday, April 02, 2009

Futures Trading levels and Economic reports for April 3rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Un Employment figures tomorrow morning will dictate if the market will break todays high in an attempt to advance towards 873 or pull back towards last night lows around 807.
 
be ready for volatile trading session.
 
LEVELS:
 
Contract (June 2009)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 863.07 1363.33 8213 488.80
Resistance 2 852.53 1337.67 8117 471.50
Resistance 1 844.27 1319.33 8038 461.30
Pivot 833.73 1293.67 7942 444.00
Support 1 825.47 1275.33 7863 433.80
Support 2 814.93 1249.67 7767 416.50
Support 3 806.67 1231.33 7688 406.30
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 961.33 1.3860 58.4967 132 20/32
Resistance 2 946.57 1.3689 55.6833 131 25/32
Resistance 1 925.63 1.3574 54.0767 130 15/32
Pivot 910.87 1.3403 51.2633 129 20/32
Support 1 889.93 1.3288 49.6567 128 10/32
Support 2 875.17 1.3117 46.8433 127 15/32
Support 3 854.23 1.3002 45.2367 126  5/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Friday, April 03, 2009


Economic
8:30am March Nonfarm Payrolls (last -651K), Unemployment (last 8.1%), Manufacturing Payrolls (last -168K), Average Hourly Earnings (last m/m 0.2%, y/y 3.6%)
10:00am March ISM Non-Manufacturing (last 41.6)
Events
12:00pm Fed Chairman Bernanke speaks at credit conference in Charlotte, NC. Trades Ex-dividend: BNS $0.379.
Earnings
Before the Open: AZZ.
 
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

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

Sincerely,

Ilan Levy-Mayer, M.B.A

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

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

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

posted by Cannon Trading at 1:17 PM 0 comments

Wednesday, April 01, 2009

Futures Trading levels and Economic reports for April 2nd

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

April started out with a nice rally after a gap open lower. Market has been trading in a range the last few days between 775 to 830 and it is still in consolidation mode after the rally we had from lows of March 6th to highs of March 26th. Markets will usually expand, and then consolidate and then the key question is the direction of the next expansion.....

 

Have a great trading month in April!

 
LEVELS:
 
Contract (June 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 850.50 1313.17 8123 452.03
Resistance 2 830.40 1284.08 7927 440.17
Resistance 1 819.70 1267.17 7823 433.43
Pivot 799.60 1238.08 7627 421.57
Support 1 788.90 1221.17 7523 414.83
Support 2 768.80 1192.08 7327 402.97
Support 3 758.10 1175.17 7223 396.23
         
Contract  June Gold June Euro May Crude Oil June Bonds 
Resistance 3 953.47            1.3417 50.87 132  9/32
Resistance 2 944.63            1.3353 49.92 131 15/32
Resistance 1 936.27            1.3295 49.17 131  2/32
Pivot 927.43            1.3231 48.22 130  8/32
Support 1 919.07            1.3173 47.47 129 26/32
Support 2 910.23            1.3109 46.52 129     
Support 3 901.87            1.3051 45.77 128 19/32
 
REPORTS (EST): Provided by www.TradeTheNews.com
 

Thursday, April 02, 2009


Economic
7:45am ECB Rate Decision
8:30am Initial Jobless Claims (last 652K), Continuing Claims (last 5.56M)
10:00am Feb Factory Orders (last -1.9%)
10:30am Natural Gas Inventories
11:00am Treasury's 10-year announcement
Events
G20 Summit in London. ADSK Investor Day. NYX Shareholder Meeting. SUF Investor Call. Trades Ex-dividend: DGX $0.10, KIM $0.44, JPM $0.05, CIM $0.06, AMB $0.28.
Earnings
Before the Open: AYI, BTH, KMX, CREL, LNN, MON, MSM, RAD, SCHN, VIP. After the Close: ANGO, CAE, CHINA, DMAN, GPN, LWSN, MU, RIMM, TK.
 
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

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

Sincerely,

Ilan Levy-Mayer, M.B.A

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

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

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

posted by Cannon Trading at 1:21 PM 0 comments