Futures Trading Levels and Economic Report for February 1, 2011

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Futures Trading Levels and Economic Report for February 1, 2011

A new month starting and below you will see my WEEKLY chart for the mini SP. I have sell set up in this market as well and if the short side pick speed, I would look for around 1230 and 1186 within the next few weeks. If i am wrong and the market breaks above 1300, I would play defense and wait for the next set up.

I wish you all a great trading month in February.





Economics Report Source: http://www.forexfactory.com/calendar.php

Tuesday, February 1, 2011

ISM Manufacturing PMI
10:00am USD

Construction Spending m/m
10:00am USD

ISM Manufacturing Prices
10:00am USD

Total Vehicle Sales

Loan Officer Survey
Tentative USD

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, 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!

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