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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, March 06, 2006

Trading levels and reports for March 6th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (March 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1309.93 1727.67 11237.33 753.02
Resistance 2 1304.47 1718.83 11173.67 749.63
Resistance 1 1295.43 1702.17 11092.33 743.37
Pivot 1289.97 1693.33 11028.67 739.98
Support 1 1280.93 1676.67 10947.33 733.72
Support 2 1275.47 1667.83 10883.67 730.33
Support 3 1266.43 1651.17 10802.33 724.07
         
Contract (March 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.7664 1.2121 107 20/32 112 12/32
Resistance 2 1.7626 1.2089 107 16/32 112  5/32
Resistance 1 1.7582 1.2064 107  9/32 111 24/32
Pivot 1.7544 1.2032 107  5/32 111 17/32
Support 1 1.7500 1.2007 106 30/32 111  4/32
Support 2 1.7462 1.1975 106 26/32 110 29/32
Support 3 1.7418 1.1950 106 19/32 110 16/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, March 06, 2006

Economic
10:00am Jan Factory Orders (last 1.1%), Pending Home Sales (last –3.0%)
11:00am Treasury's 10-year Note funding announcement
Events
Anti-Infective Drugs Advisory Committee meeting at 8:30am. Morgan Stanley Semiconductor & Systems Conference in CA through 3/8. Raymond James Institutional Investors Conference in Orlando through 3/8. SG Cowen Healthcare Conference in Boston through 3/9. MRK Vioxx case in NJ scheduled to start. ALTR TXN mid-Q update.
Earnings
Before the Open: ALD GG IART SNHY. After the Close: CLHB CHCI ELGE JAS LEXR MEDX SMTC OVEN.
 
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 5:32 AM

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