Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
LEVELS:
| Contract (June 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1327.80 | 1716.33 | 11535.67 | 783.03 |
| Resistance 2 | 1323.30 | 1711.42 | 11495.33 | 777.17 |
| Resistance 1 | 1320.70 | 1705.33 | 11470.67 | 773.98 |
| Pivot | 1316.20 | 1700.42 | 11430.33 | 768.12 |
| Support 1 | 1313.60 | 1694.33 | 11405.67 | 764.93 |
| Support 2 | 1309.10 | 1689.42 | 11365.33 | 759.07 |
| Support 3 | 1306.50 | 1683.33 | 11340.67 | 755.88 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.8718 | 1.2823 | 105 21/32 | 106 30/32 |
| Resistance 2 | 1.8578 | 1.2766 | 105 15/32 | 106 23/32 |
| Resistance 1 | 1.8499 | 1.2713 | 105 12/32 | 106 19/32 |
| Pivot | 1.8359 | 1.2656 | 105 6/32 | 106 12/32 |
| Support 1 | 1.8280 | 1.2603 | 105 3/32 | 106 8/32 |
| Support 2 | 1.8140 | 1.2546 | 104 29/32 | 106 1/32 |
| Support 3 | 1.8061 | 1.2493 | 104 26/32 | 105 29/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, May 3rd, 2006
Economic
10:00am Apr ISM Non-Manufacturing (last 60.5), Mar Factory Orders (last 0.2%)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last –3.7%). CSFB Offshore Technology Conference in Houston through 5/3. CSFB Semiconductor/Semi Cap Equipment Conference in NYC through 5/3. DB Healthcare Conference in Boston through 5/3. Lehman Retail Conference in NYC through 5/3. Bernstein IT/Business Services Conference in NYC through 5/4. Morgan Stanley Global Healthcare Unplugged Conference in Miami through 5/5. Berstein Media & Communications Symposium in NYC. Fed's Bernanke speaks at Economic Summit in Washington at 12:00pm. Same-Store Sales After the Close - AEOS ARO HOTT MW ZUMZ. Trades Ex-dividend: INTC $0.10, WY $0.50. STL replaces PEGS in S&P SmallCap 600.
Earnings
Before the Open: ATG AGN LNT ALD AT ARTC AVA BEC BCO CI CINF CZN CCU CCO CLX CMS CTSH ED CTB CXW CXR DVA DF DVN D EFD EQR FBN GRMN GMR GLG WOLF HEW LOJN MGA MKTX MMC MCGC MTD NRP NI NUS OGE PKD PTEN PDX PGL PCG PAA Q SBGI SKYW TRK SPW SGY TTI TDW TWX TRW. After the Close: TFSM WTR ARBX ABX BMRN BRW BUCY CBT CECO POS CENT IMOS FIX CNCT CUZ DRTE XRAY DNB ERTS FRT FEIC FLML GSF GXP GES HAIN JDSU JH MANT MMS MSSR MDR MWY NLS NVEC OIIM ASGN OHB PAAS PVA PVR PRFT LGBT POL PCLN PRU QLGC RTSX RA RTEC SGMS SMDI SFN SM SUN SPSX SMA TK TTEC TTEK TRLG UNTD UNM VIRL VNUS WGL WFMI WSH WXS.
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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