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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, March 01, 2006

Trading levels and reports for March 2nd

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

I must admit that this was one of the weirdest sessions I have seen in a while, slow and tired up grind that still resulted in up 9 points for the day. I would look for a break of 1287 as a sell trigger of tomorrow and a break of 1296.25 as a buy trigger.

 
LEVELS:
Contract (March 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1311.17 1734.00 11148.33 761.83
Resistance 2 1302.33 1717.50 11113.67 753.17
Resistance 1 1301.17 1708.00 11084.33 748.83
Pivot 1292.33 1691.50 11049.67 740.17
Support 1 1291.17 1682.00 11020.33 735.83
Support 2 1282.33 1665.50 10985.67 727.17
Support 3 1281.17 1656.00 10956.33 722.83
         
Contract (March 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.7711 1.2058 108  8/32 113 17/32
Resistance 2 1.7653 1.2020 108  3/32 113  9/32
Resistance 1 1.7577 1.1973 107 29/32 112 29/32
Pivot 1.7519 1.1935 107 25/32 112 21/32
Support 1 1.7443 1.1888 107 19/32 112  9/32
Support 2 1.7385 1.1850 107 14/32 112  1/32
Support 3 1.7309 1.1803 107  8/32 111 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, March 02, 2006

Economic
7:45 ECB's Rate Decision
8:30 Initial Jobless Claims (last 278K)
10:30 Natural Gas Inventories
Events
Google Analyst day. Same-Store Sale Reports Before the Open - including ANN ANF BEBE BJ CHRS CHS COST CVS DDS DG FDO FD GPS GES GYMB JCP JOSB JWN KSS LTD NWY PIR PLCE PSUN ROST SKS SHRP SMRT TLB TGT TJX WMT. Fed's Olson speaks at New Orleans Banking Forum 9:30am. Trading Ex-split: BANF 2-1, PHLY 3-1.
Earnings
Before the Open: CRMT BIOS BWS CIEN COST DLM EGLE ECLG LONG GCO KCS LKQX OMG PEI REV SFCC SHOO TPC TLB TARO TNP VRX VISG WTI WMAR. After the Close: ANPI BBG CRAY CMOS FNSR HOMS IVII KCP KDE.KOPN NOVL OPSW PBY PIXR SHRP SHFL STAA TTWO UVN PAY.
 
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 1:31 PM

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