Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Hope everyone will have a great month of trading in June!
LEVELS:
| Contract (June 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1288.50 | 1613.00 | 11323.33 | 737.75 |
| Resistance 2 | 1280.80 | 1602.50 | 11260.67 | 730.50 |
| Resistance 1 | 1276.90 | 1592.00 | 11225.33 | 726.50 |
| Pivot | 1269.20 | 1581.50 | 11162.67 | 719.25 |
| Support 1 | 1265.30 | 1571.00 | 11127.33 | 715.25 |
| Support 2 | 1257.60 | 1560.50 | 11064.67 | 708.00 |
| Support 3 | 1253.70 | 1550.00 | 11029.33 | 704.00 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Sept. Ten Years | Sept. US Bonds |
| Resistance 3 | 1.8990 | 1.2992 | 105 26/32 | 107 13/32 |
| Resistance 2 | 1.8926 | 1.2956 | 105 19/32 | 107 4/32 |
| Resistance 1 | 1.8816 | 1.2894 | 105 8/32 | 106 21/32 |
| Pivot | 1.8752 | 1.2858 | 105 1/32 | 106 12/32 |
| Support 1 | 1.8642 | 1.2796 | 104 23/32 | 105 29/32 |
| Support 2 | 1.8578 | 1.2760 | 104 16/32 | 105 20/32 |
| Support 3 | 1.8468 | 1.2698 | 104 5/32 | 105 5/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Jun 1st, 2006
Economic
08:30am Initial Jobless Claims (last 329K), Q1 Final Nonfarm Productivity (last 3.2%), Unit Labor Costs (last 2.5%)
10:00am May ISM Manufacturing (last 57.3), ISM Prices Paid (last 71.5), Apr Construction Spending (last 0.9%), Pending Home Sales (last –1.2%)
10:30am Crude Oil/Gasoline/Distillate Inventories, Natural Gas Inventories
Events
OPEC meeting in Caracas. Same-Store Sale Reports Before the Open - including ANN ANF BEBE BJ CHRS CHS COST CVS DDS DG FDO FD GPS GES GYMB JCP JOSB JWN KSS LTD NWY PIR PLCE PSUN ROST SKS SHRP SMRT TLB TGT TJX WMT. Citigroup Semiconductor conference in Boston through 6/1. Bernstein Strategic Decisions conference in NYC through 6/2. Cowen Technology conference in NYC through 6/2. Friedman Billings Growth Investor conference in NYC through 6/1. May Total Vehicle Sales (last 16.7M); Domestic Vehicle Sales (last 13.0M). FINB replaces SRCP in S&P SmallCap 600 after the close of trading. Trading Ex-split: CNX 2-1, HES 3-1, KEX 2-1, NUE 2-1. Trades Ex-dividend: CBS $0.18.
Earnings
Before the Open: BTH BF.B CIEN CONN DG HNZ JTX MOV NCS. After the Close: BBOX ESL KWD PLL TUTR NX SEAC WIND.
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.
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