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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, May 30, 2006

Trading levels and reports for May 30h

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Hope everyone enjoyed their long weekend and are fresh for our short trading week.
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1294.33 1626.00 11401.67 740.83
Resistance 2 1288.67 1618.50 11353.33 736.67
Resistance 1 1285.73 1614.00 11326.67 734.33
Pivot 1280.07 1606.50 11278.33 730.17
Support 1 1277.13 1602.00 11251.67 727.83
Support 2 1271.47 1594.50 11203.33 723.67
Support 3 1268.53 1590.00 11176.67 721.33
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.8963 1.2954 106  4/32 107 29/32
Resistance 2 1.8870 1.2903 105 29/32 107 18/32
Resistance 1 1.8721 1.2821 105 24/32 107  9/32
Pivot 1.8628 1.2770 105 17/32 106 30/32
Support 1 1.8479 1.2688 105 13/32 106 21/32
Support 2 1.8386 1.2637 105  6/32 106 10/32
Support 3 1.8237 1.2555 105  1/32 106  1/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, May 30th, 2006


Economic
10:00am May Consumer Confidence (last 109.6)
Events
ABC Consumer Confidence (last -19). Trades Ex-dividend: EK $0.25, HAL $0.15, HIG $0.40, K $0.291, LTD $0.15, SLE $0.1975.
Earnings
Before the Open: None. After the Close: CA MCDTA SMTC.
 
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 7:05 AM

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