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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, April 27, 2006

Trading levels and reports for

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
One of the most volatile trading days we had in a long time. At times the market moved so fast that if you did not have a stop in and got caught the wrong way, it could have cost you quite a bit....
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1344.70 1787.83 11626.00 791.38
Resistance 2 1332.70 1763.42 11538.00 783.07
Resistance 1 1324.50 1746.33 11484.00 773.88
Pivot 1312.50 1721.92 11396.00 765.57
Support 1 1304.30 1704.83 11342.00 756.38
Support 2 1292.30 1680.42 11254.00 748.07
Support 3 1284.10 1663.33 11200.00 738.88
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.8348 1.2772 106 13/32 108  2/32
Resistance 2 1.8204 1.2680 106  1/32 107 19/32
Resistance 1 1.8121 1.2628 105 23/32 107  4/32
Pivot 1.7977 1.2536 105 10/32 106 21/32
Support 1 1.7894 1.2484 105      106  6/32
Support 2 1.7750 1.2392 104 20/32 105 23/32
Support 3 1.7667 1.2340 104 10/32 105  8/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Apr 28th, 2006


Economic
08:30am Q1 Advance GDP Annualized (last 1.7%), GDP Price Index (last 3.5%), Personal Consumption (last 0.9%), Employment Cost Index (last 0.8%)
09:45am Apr Final U. of Michigan Confidence (last 89.2)
10:00am Apr Chicago Purchasing Manager Index (last 60.4)
Events
Fed's Bies speaks on Risk Management in NC at 7:30am. Trades Ex-dividend: F $0.10.
Earnings
Before the Open: ATW AX APPX ARM ADP AVP BPO CVX CEG COCO CVH CMI FO GEHL HUN ICLR IDXX ITT KDN LMS LNCE MGLN MMP MOG.A NNI NIGD OLN OSTK RDWR RSG SMI SNA VMSI WLSC ZOLL. After the Close: INSU.
 
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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