Trading Levels and Reports for January 24, 2013 - Cannon Trading

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.

Trading Levels and Reports for January 24, 2013

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday January 24, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

Very tight range today ahead of Apples earnings.If you are a stock index traders, make sure you are aware what earnings are scheduled and when as these earnings definitely affect the index futures.
Here is highlights of earnings schedule for tomorrow:

24. JAN. 2013    Today´s Highlighted Earnings Releases
SYMBOL COMPANY EVENT TITLE EPS ESTIMATE EPS ACTUAL PREV. YEAR ACTUAL DATE/TIME (ET)
BMY Bristol-Myers Squibb Co Q4 2012 Bristol-Myers Squibb Earnings Release $ 0.43 n/a $ 0.53 24-Jan BMO
JNPR Juniper Networks Inc Q4 2012 Juniper Networks Earnings Release $ 0.22 n/a $ 0.28 24-Jan AMC
BAX Baxter International Inc Q4 2012 Baxter International Inc. Earnings Release $ 1.26 n/a $ 1.17 24-Jan BMO
LMT Lockheed Martin Corp Q4 2012 Lockheed Martin Earnings Release $ 1.82 n/a $ 2.14 24-Jan BMO
SBUX Starbucks Corp Q1 2013 Starbucks Earnings Release $ 0.57 n/a $ 0.50 24-Jan AMC
RTN Raytheon Co Q4 2012 Raytheon Earnings Release $ 1.31 n/a $ 1.58 24-Jan 7:00 AM

 

GOOD TRADING!

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

support and resistance levels

 

 

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:19pm Currency Impact Detail Actual Forecast Previous Graph
ThuJan 24  3:00am EUR French Flash Manufacturing PMI 44.9 44.6
EUR French Flash Services PMI 45.6 45.2
EUR Spanish Unemployment Rate 25.7% 25.0%
3:30am EUR German Flash Manufacturing PMI 47.1 46.0
EUR German Flash Services PMI 52.0 52.0
4:00am EUR Current Account 4.2B 3.9B
EUR Flash Manufacturing PMI 46.6 46.1
EUR Flash Services PMI 48.1 47.8
EUR Italian Retail Sales m/m 0.2% -1.0%
Day 2 ALL WEF Annual Meetings
8:30am USD Unemployment Claims 359K 335K
9:00am EUR Belgium NBB Business Climate -10.9 -11.8
USD Flash Manufacturing PMI 53.2 54.2
10:00am USD CB Leading Index m/m 0.4% -0.2%
10:30am USD Natural Gas Storage -148B
11:00am USD Crude Oil Inventories 2.8M -1.0M

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

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