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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, March 20, 2006

Trading levels and reports for March 21st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Markets were almost on hold today as most traders will look for some clues regarding rates later on tonight:
 
Fed's Bernanke speaks on Yield Curve and Monetary Policy in NYC at 7:00pm eastern time.
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1326.43 1724.33 11441.33 758.83
Resistance 2 1323.47 1719.17 11415.67 755.67
Resistance 1 1319.43 1712.33 11386.33 752.83
Pivot 1316.47 1707.17 11360.67 749.67
Support 1 1312.43 1700.33 11331.33 746.83
Support 2 1309.47 1695.17 11305.67 743.67
Support 3 1305.43 1688.33 11276.33 740.83
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.7673 1.2311 108  4/32 112     
Resistance 2 1.7639 1.2287 107 31/32 111 24/32
Resistance 1 1.7613 1.2262 107 26/32 111 17/32
Pivot 1.7579 1.2238 107 21/32 111  9/32
Support 1 1.7553 1.2213 107 16/32 111  2/32
Support 2 1.7519 1.2189 107 11/32 110 26/32
Support 3 1.7493 1.2164 107  6/32 110 19/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

 

Tuesday, March 21, 2006

Economic
08:30am Feb Producer Price Index (last 0.3%), PPI Ex Food & Energy (last 0.4%)
Events
ICSC/UBSW Chain Store Sales (7:45, last 4.0%). Redbook Retail Sales (8:55, last 2.5%). Piper Jaffray Financial Services conference in NYC through 3/21. Merrill Lynch Retailing Leaders Conference in NYC through 3/22. JPMorgan Gaming/Lodging Conference in Las Vegas through 3/22. ALO, CD, HMA, ISPH, LXP, RTIX analyst meetings. ABC Consumer Confidence (last -8).
Earnings
Before the Open: BMET CMC DG FDS GME MKC PERY PRGS. After the Close: ANGO DRI FSII MCS NKE SIGM.
 
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 1:27 PM

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