Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
LEVELS:
| Contract (March 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1286.23 | 1690.00 | 11068.00 | 735.83 |
| Resistance 2 | 1282.37 | 1681.00 | 11029.00 | 732.17 |
| Resistance 1 | 1279.43 | 1672.00 | 11003.00 | 726.58 |
| Pivot | 1275.57 | 1663.00 | 10964.00 | 722.92 |
| Support 1 | 1272.63 | 1654.00 | 10938.00 | 717.33 |
| Support 2 | 1268.77 | 1645.00 | 10899.00 | 713.67 |
| Support 3 | 1265.83 | 1636.00 | 10873.00 | 708.08 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.7630 | 1.2138 | 107 12/32 | 111 20/32 |
| Resistance 2 | 1.7565 | 1.2082 | 107 4/32 | 111 8/32 |
| Resistance 1 | 1.7461 | 1.1983 | 106 31/32 | 110 31/32 |
| Pivot | 1.7396 | 1.1927 | 106 24/32 | 110 19/32 |
| Support 1 | 1.7292 | 1.1828 | 106 19/32 | 110 10/32 |
| Support 2 | 1.7227 | 1.1772 | 106 11/32 | 109 30/32 |
| Support 3 | 1.7123 | 1.1673 | 106 6/32 | 109 21/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, March 08, 2006
Economic
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
OPEC meets in Vienna. MBA Mortgage Applications (7:00, last –1.2%). Peripheral and Central Nervous System Drugs Advisory Committee meeting at 8:00am through 3/8. 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. Citigroup Global Industrial Manufacturing Conference in NYC through 3/8. JMP Securities Research Conference in SF through 3/9. Bear Stearns Retail, Restaurants & Consumer Conference in NYC through 3/10. Lehman Brother Global Healthcare Conference in Miami through 3/10. Fed's Poole speaks to Economic Development Group in St. Louis at 9:30am. Fed's Bernanke speaks in Las Vegas at 12:00pm. Trades Ex-dividend: PEP 1.75, WMB 1.38.
Earnings
Before the Open: CMTL DYN GMTN IFO REM PKS TECD. After the Close: AHS BNT CWST CWTR GMST HRLY HUG IPAR KTO MIK SYKE TIVO WIND.
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.
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