Trading levels and reports for April 26th
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
11270 is a strong support level for June Dow. Break below will shift my bias to the short side, as long as we hold above it the bias is still up in my opinion.
LEVELS:
| Contract (June 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1326.77 | 1740.67 | 11497.00 | 777.83 |
| Resistance 2 | 1321.63 | 1731.83 | 11451.00 | 774.17 |
| Resistance 1 | 1314.77 | 1722.67 | 11387.00 | 770.83 |
| Pivot | 1309.63 | 1713.83 | 11341.00 | 767.17 |
| Support 1 | 1302.77 | 1704.67 | 11277.00 | 763.83 |
| Support 2 | 1297.63 | 1695.83 | 11231.00 | 760.17 |
| Support 3 | 1290.77 | 1686.67 | 11167.00 | 756.83 |
| Contract (June 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.8069 | 1.2580 | 106 11/32 | 108 17/32 |
| Resistance 2 | 1.8013 | 1.2532 | 106 3/32 | 108 4/32 |
| Resistance 1 | 1.7952 | 1.2505 | 105 23/32 | 107 16/32 |
| Pivot | 1.7896 | 1.2457 | 105 15/32 | 107 3/32 |
| Support 1 | 1.7835 | 1.2430 | 105 3/32 | 106 15/32 |
| Support 2 | 1.7779 | 1.2382 | 104 27/32 | 106 2/32 |
| Support 3 | 1.7718 | 1.2355 | 104 15/32 | 105 14/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, Apr 26th, 2006
Economic
08:30am Mar Durable Goods Orders (last 2.7%), Durables Ex Transportation (last –1.2%)
10:00am Mar New Home Sales (last 1.08M)
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's 2-year Note Auction results
02:00pm Fed's Beige Book
Events
MBA Mortgage Applications (7:00, last –1.7%). Cardiovascular and Renal Drugs Advisory Committee meeting at 8:00am through 4/26. AG Edwards Media & Entertainment Conference in Las Vegas through 4/26.
Earnings
Before the Open: ABY AMG APD ALB ALGN ATI ABK AHC AHM AMT APU ABC ASH ASPM ATMI AVX BHI BLDP BDX BIIB BA BW BLDR CRR CL COP CFR DO DSPG ECA EEFT ESLR EXC FILE FAF FE FLIR FORR FCL GDI HHS HCR HMT IHP IFF IPS JNY KEA KEI KMT LEA LII LIFC LECO LSS LPX LZ MVK MNC MNST MCO FLSH NOV NSC NCX NYB ODP PMTC PEP PFCB POT PRAI PX PDS PLD RDA RGS COL RDC RES SFUN SEE SPIL SNWL S TROW TASR TDY TLAB TIN PNX TMO TUP UGI UARM UMC WAT WLP WY YCC ZBRA. During Trading Hours: BUD EGN RJF. After the Close: RNT ACTS AEA AEIS AEM AKAM ATRS DOX AMKR AMLN APPB AMCC ARBA ARRS ASIA AV BCGI BFAM BOBJ CAI CDNS ELY CALD CLS CD CTX CRUS CLF COHR CYH CNQR CVD CCI CYTC DENN DGIN DTE EPIC EPIQ ERES ESRX FIC FALC FNF FHRX FMC FORM GSIC HAR HLEX HPC IDNX INSP INGR KTO KOMG KRON LSI LMNX MXIM MXO MRN WFR MENT MTSC NABI NARA NATI NVT NTGR NETL NEWP OI PRXL PHTN PYX PSYS PHM STR QDEL RADS RARE WINS SCUR SERO SIE SIMG SKX SMSI SOHU SONO STTS SRCL SMBI TFX TLGD TSCO TRID TRLG TTMI TYL VARI WOOF VPRT GB WITS WMGI XLNX ZMH.
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 1:46 PM
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