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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, February 16, 2006

Trading levels and reports for Feb 17th

Dear Trader,
 

Rally continued today and the market seems to target the 1300 level once again.

 

While equity futures will have normal trading hours, some other markets will have short trading hours tomorrow and all US markets will be closed Monday for presidents day.

 

Full schedule at: http://www.cannontrading.com/news/newsletter.php#one

 
LEVELS:
 
Contract (March 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1305.63 1722.67 11229.00 742.25
Resistance 2 1298.97 1709.83 11180.00 738.00
Resistance 1 1295.63 1703.17 11155.00 735.50
Pivot 1288.97 1690.33 11106.00 731.25
Support 1 1285.63 1683.67 11081.00 728.75
Support 2 1278.97 1670.83 11032.00 724.50
Support 3 1275.63 1664.17 11007.00 722.00
         
Contract (March 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.7480 1.1962 108  1/32 112 26/32
Resistance 2 1.7435 1.1937 107 30/32 112 19/32
Resistance 1 1.7410 1.1921 107 27/32 112 14/32
Pivot 1.7365 1.1896 107 24/32 112  7/32
Support 1 1.7340 1.1880 107 22/32 112  2/32
Support 2 1.7295 1.1855 107 19/32 111 27/32
Support 3 1.7270 1.1839 107 16/32 111 22/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, February 17, 2006

Economic
08:30am Jan Producer Price Index (last 0.9%), PPI Ex Food & Energy (last 0.1%)
09:45am Feb Preliminary U. of Michigan Confidence (last 91.2)
Events
DB Small Cap Growth Conference in FL through 2/17. Vaccines and Related Biological Products Advisory Committee at 1:00pm. Trading Ex-split: TIE 2-1.
Earnings
Before the Open: APPX BEC BRC CPB CHINA SJM PQ PCG RSH SIRI ZLC. After the Close: None Seen.
 
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!

posted by Cannon Trading at 1:16 PM

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