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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, May 01, 2006

Trading levels and reports for May 1st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1331.60 1742.00 11509.33 782.83
Resistance 2 1326.80 1735.00 11478.67 777.17
Resistance 1 1321.30 1723.00 11439.33 771.83
Pivot 1316.50 1716.00 11408.67 766.17
Support 1 1311.00 1704.00 11369.33 760.83
Support 2 1306.20 1697.00 11338.67 755.17
Support 3 1300.70 1685.00 11299.33 749.83
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.8581 1.2818 106  4/32 107 17/32
Resistance 2 1.8420 1.2746 105 28/32 107  6/32
Resistance 1 1.8335 1.2703 105 23/32 107  1/32
Pivot 1.8174 1.2631 105 15/32 106 22/32
Support 1 1.8089 1.2588 105 11/32 106 17/32
Support 2 1.7928 1.2516 105  3/32 106  6/32
Support 3 1.7843 1.2473 104 30/32 106  1/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

EUROPEAN MARKETS CLOSED MONDAY FOR MAY DAY HOLIDAY

Monday, May 1st, 2006


Economic
08:30am Mar Personal Income (last 0.3%), Personal Spending (last 0.1%), PCE Core (last 0.1%)
10:00am Apr ISM Manufacturing (last 55.2), Prices Paid (last 66.5), Mar Construction Spending (last 0.8%)
Events
CSFB Offshore Technology Conference in Houston through 5/3. Fed's Moskow speaks on Financial Literacy in Chicago at 9:25am. Fed's Guynn speaks on Economic Outlook in Nashville at 1:00pm. Fed's Stern speaks on Effective Economic Policy in Minneapolis at 8:00pm. Trading Ex-split: LEH 2-1, SONC 3-2.
Earnings
Before the Open: AG ARG FTD GVHR HERO HUM LSCP NOVN OTTR PRX PEG RBC SYY TSN. After the Close: KAR ALO AHS EPAY CHK CONR DLLR EPEX FSH FCN BGC GW HRS HVT HCP INTX IVAC LZ NCOG ODSY PKY PDII PLAY PPS PFG PL SRX SWN TSRA TXRH VTR.
 
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 6:13 AM

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