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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, April 18, 2006

Trading levels and reports for April 19th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
    DJ MARKET TALK: Stock Futures Soar, See End To Rate Hikes(DJ)
  2007 GMT [Dow Jones] Thoughts of an end game to the tightening
cycle and early session short-covering combine for powerful finish
for stock index futures. Jun S&P, Nasdaq, and DJIA contracts each up
about 1.6%, while Jun Russell is up 2.5% during the closing minutes.
Heavy volume accompanying the rally is considered a bullish sign,
with about 1.4 million Jun E-mini S&P's traded - close to the
record of about 1.6 million. Regular-size Jun S&P's priced near
the 1 1/2-week high of 1315.80, with resistance at the April 7
contract high of 1324.10. (HLP) 
 
  (END) Dow Jones Newswires
  April 18, 2006 16:07 ET (20:07 GMT)
  Copyright (c) 2006 Dow Jones & Company, Inc. - - 04 07 PM EDT
04-18-06
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1342.33 1785.67 11564.33 801.43
Resistance 2 1329.07 1764.83 11443.67 788.67
Resistance 1 1322.13 1753.67 11379.33 782.28
Pivot 1308.87 1732.83 11258.67 769.52
Support 1 1301.93 1721.67 11194.33 763.13
Support 2 1288.67 1700.83 11073.67 750.37
Support 3 1281.73 1689.67 11009.33 743.98
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.8000 1.2499 106 18/32 108 16/32
Resistance 2 1.7914 1.2436 106 11/32 108  7/32
Resistance 1 1.7866 1.2400 106  4/32 107 30/32
Pivot 1.7780 1.2337 105 29/32 107 21/32
Support 1 1.7732 1.2301 105 22/32 107 12/32
Support 2 1.7646 1.2238 105 15/32 107  3/32
Support 3 1.7598 1.2202 105  8/32 106 26/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Apr 19th, 2006


Economic
08:30am Mar Consumer Price Index (last 0.1%), CPI Ex Food & Energy (last 0.1%), CPI NSA (last 198.7)
10:30pm Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last –5.5%). SNDK replaces CHIR in S&P 500, SGMS replaces SNDK in S&P MidCap 400 after the close. Trading Ex-split: CB 2-1. Trades Ex-dividend: PG $0.31.
Earnings
Before the Open: ABT ASD APH AMR AIT BLK BOT CIT KO CMA GD GENZ GRP HON HBAN JCI JPM LCRY LUFK PFE PJC SON SPNC STJ MDCO UTX WWW. After the Close: ADS AAPL AZR CTXS CVTI CBST CYBS ET EBAY FHN FSL HUBG RX INTC JNPR KMI KMP KFT LRW MDC MOGN MGI NMSS NVLS NYX PLCM QCOM RDN RMBS STLD SRDX SWFT TMK VTNC WSTC.
 
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 1:12 PM

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