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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, February 23, 2006

Trading levels and reports for Feb. 24th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Not much to say, we are still locked in a range. We need to either break above 1296.25 or below 1286.25 to see some momentum either way.
 
LEVELS:
 
Contract (March 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1304.17 1708.33 11219.00 746.75
Resistance 2 1300.03 1700.67 11183.00 742.50
Resistance 1 1294.97 1688.33 11134.00 737.75
Pivot 1290.83 1680.67 11098.00 733.50
Support 1 1285.77 1668.33 11049.00 728.75
Support 2 1281.63 1660.67 11013.00 724.50
Support 3 1276.57 1648.33 10964.00 719.75
         
Contract (March 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.7636 1.2027 108 11/32 113 21/32
Resistance 2 1.7597 1.2001 108  7/32 113 14/32
Resistance 1 1.7557 1.1967 108  1/32 113  5/32
Pivot 1.7518 1.1941 107 29/32 112 30/32
Support 1 1.7478 1.1907 107 23/32 112 21/32
Support 2 1.7439 1.1881 107 19/32 112 14/32
Support 3 1.7399 1.1847 107 13/32 112  5/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, February 24, 2006

Economic
08:30am Jan Durable Goods Orders (last 1.8%), Durables Ex Transportation (last 1.7%)
Events
Scheduled hearing to consider shutdown of RIM U.S. service in RIMM/NTP patent litigation. Fed's Ferguson speaks on Education at Johns Hopkins at 11:30am. Fed's Poole speaks in St. Louis at 12:45pm. Fed's Bernanke speaks on Central Banking at Princeton at 5:30pm. Trades Ex-dividend: JNJ 2.25.
Earnings
Before the Open: AMT CZN EPL HUN KDN KSE MRGE NOV OGE SLXP SPN TTI WON. 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!

Sincerely,

Ilan Levy-Mayer, M.B.A

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

Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
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. 
 

posted by Cannon Trading at 1:17 PM

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