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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, March 15, 2006

Trading levels and reports for March 16th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1327.90 1739.00 11423.33 761.00
Resistance 2 1321.60 1727.50 11365.67 755.00
Resistance 1 1317.90 1721.00 11331.33 752.00
Pivot 1311.60 1709.50 11273.67 746.00
Support 1 1307.90 1703.00 11239.33 743.00
Support 2 1301.60 1691.50 11181.67 737.00
Support 3 1297.90 1685.00 11147.33 734.00
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.7599 1.2235 107 17/32 111 12/32
Resistance 2 1.7557 1.2190 107 12/32 111  4/32
Resistance 1 1.7525 1.2166 107  7/32 110 27/32
Pivot 1.7483 1.2121 107  2/32 110 19/32
Support 1 1.7451 1.2097 106 30/32 110 10/32
Support 2 1.7409 1.2052 106 25/32 110  2/32
Support 3 1.7377 1.2028 106 20/32 109 25/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, March 16, 2006

Economic
08:30am Initial Jobless Claims (last 303K), Feb Consumer Price Index (last 0.7%), CPI Ex Food & Energy (last 0.2%), CPI NSA (last 198.3), Housing Starts (last 2.28M), Building Permits (last 2.22M)
10:30am Natural Gas Inventories
12:00pm Mar Philadelphia Fed (last 15.4)
Events
BofA Consumer Conference in NYC through 3/16. Citigroup Small/Mid Cap Conference in Las Vegas through 3/16. Morgan Stanley Global Electricity & Energy Conference in NYC through 3/16. Fed's Kohn speak on Asset Prices in Frankfurt at 10:10am. CAMD mid-Q update. CAG, DOW, FST analyst meeting. Trades Ex-dividend: ATI $010.
Earnings
Before the Open: BKS BSC BTH CPWM CRAI DISH NEY PTEN SCVL SMRT TPC TLCV URS WTI WGO. After the Close: KDE BGP CTAS DWRI DEIX MVIS PETC TEK INT.
 
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 1:26 PM

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