Cannon Trading Co. Inc.
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Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Friday, April 07, 2006

Trading levels and reports for April 10th + vacation notice

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

 

 

I will be out of the office on vacation starting Tuesday April 11th, returning to work Monday, April 17th. During my absence, please call the office with any requests. If you have an order to place, please call and have your account number handy.

 

E-mails will not be answered and an auto responder will reply that I am out. If you need to send any e-mails (NO ORDERS ARE ACCEPTED) please cc my colleague many@cannoncapital.com

 

Try to avoid e-mails and IM’s as no one will be able to answer them.

 

The office numbers are 800-454-9572 or 310-859-9572

 

If you are a day-trader, please make sure to stay within your trading limits and remember that to hold positions overnight, full margin is required.

 

Thanks again and good trading.

 
LEVELS:
 

Contract (June 2006)

SP500 (big & Mini)

Nasdaq100 (big & Mini)

Dow Jones (big & Mini)

Mini Russell

Resistance 3

1336.40

1788.50

11446.33

790.27

Resistance 2

1329.20

1777.25

11387.67

783.63

Resistance 1

1316.00

1757.00

11282.33

772.02

Pivot

1308.80

1745.75

11223.67

765.38

Support 1

1295.60

1725.50

11118.33

753.77

Support 2

1288.40

1714.25

11059.67

747.13

Support 3

1275.20

1694.00

10954.33

735.52

Contract (June 2006)

British Pound

Euro

Ten Years

US Bonds

Resistance 3

1.7673

1.2382

106 29/32

109 25/32

Resistance 2

1.7612

1.2333

106 21/32

109 9/32

Resistance 1

1.7532

1.2244

106 8/32

108 19/32

Pivot

1.7471

1.2195

105 31/32

108 3/32

Support 1

1.7391

1.2106

105 18/32

107 13/32

Support 2

1.7330

1.2057

105 10/32

106 29/32

Support 3

1.7250

1.1968

104 29/32

106 7/32

 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

U.S. MARKETS CLOSED FRIDAY April 14th

Monday, Apr 10th, 2006


Economic
11:00am Treasury's 10-year TIPS announcement
Events
Morgan Stanley Global Automotive conference in NYC through 4/11.
Earnings
Before the Open: SCHN SGR. After the Close: AA.

Tuesday, Apr 11th, 2006


Economic
None Seen
Events
ICSC/UBSW Chain Store Sales (7:45, last 1.6%). Redbook Retail Sales (8:55, last 1.7%). Morgan Stanley Global Automotive conference in NYC through 4/12. Suntrust Robinson Humphrey Institutional conference in Atlanta through 4/11. RHAT Analyst meeting. Fed's Stern speaks on Economic Policy in Berlin at 2:00pm. ABC Consumer Confidence (last -9). Trading Ex-split: MTW 2-1. Trades Ex-dividend: MS $0.27.
Earnings
Before the Open: None. After the Close: AMB DSW DNA.

Wednesday, Apr 12th, 2006


Economic
08:30am Feb Trade Balance (last -$68.5B)
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's 10-year TIPS Auction results
02:00pm Mar Monthly Budget Statement (last -$71.2B)
Events
MBA Mortgage Applications (7:00, last 7.2%). Suntrust Robinson Humphrey Institutional conference in Atlanta through 4/12.
Earnings
Before the Open: CC CBH CBSH DTLK GCI GTK HDI MEG SOSA. After the Close: AMD LRCX.

Thursday, Apr 13th, 2006


Economic
08:30am Initial Jobless Claims (last 299K), Mar Import Price Index (last –0.5%), Advance Retail Sales (last –1.4%), Retail Sales Less Autos (last –0.6%), Feb Business Inventories (last 0.4%)
09:45am Apr Preliminary U. of Michigan Confidence (last 88.9)
10:30am Natural Gas Inventories
02:00pm Bond Market Association recommended early close (pit at 1:00pm)
Events
Fed's Bies speaks to Community Leaders in LA at 3:45pm.
Earnings
Before the Open: GE JOSB JRC MTG NYT PII TRB. After the Close: None.

Friday, Apr 14th, 2006


Economic
09:15am Mar Industrial Production (last 0.7%), Capacity Utilization (last 81.2%)
Events
None Seen
Earnings
None Seen
 
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 1:00 PM

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