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 | 1325.53 | 1717.67 | 11506.67 | 782.83 |
| Resistance 2 | 1321.17 | 1709.83 | 11473.33 | 777.92 |
| Resistance 1 | 1316.83 | 1702.67 | 11452.67 | 774.33 |
| Pivot | 1312.47 | 1694.83 | 11419.33 | 769.42 |
| Support 1 | 1308.13 | 1687.67 | 11398.67 | 765.83 |
| Support 2 | 1303.77 | 1679.83 | 11365.33 | 760.92 |
| Support 3 | 1299.43 | 1672.67 | 11344.67 | 757.33 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.8615 | 1.2787 | 105 17/32 | 106 27/32 |
| Resistance 2 | 1.8553 | 1.2748 | 105 12/32 | 106 20/32 |
| Resistance 1 | 1.8490 | 1.2707 | 105 6/32 | 106 10/32 |
| Pivot | 1.8428 | 1.2668 | 105 1/32 | 106 3/32 |
| Support 1 | 1.8365 | 1.2627 | 104 28/32 | 105 25/32 |
| Support 2 | 1.8303 | 1.2588 | 104 23/32 | 105 18/32 |
| Support 3 | 1.8240 | 1.2547 | 104 17/32 | 105 8/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, May 4th, 2006
Economic
08:30am Initial Jobless Claims (last 315K), Q1 Preliminary Nonfarm Productivity (last –0.5%), Unit Labor Costs (last 3.3%)
10:30am Natural Gas Inventories
Events
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. Fed's Bies speaks on Market Risk Amendment in Orlando at 8:00am. ISSX Analyst meeting. 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.
Earnings
Before the Open: ACW ANR AEE AFCO AIV AACC AIZ AXCA BRL BXC COG CSE CTIC CLHB CVS DTV DPII DJO EK ELN EMKR EL GT HAE HOS THX HYC ITWO INCY NRGY IDCC IP ITG JAH KEM KMG KSE LINC MVL MDTH MINI MGAM NHP NEW NXL NUCO NWN OIS PQ PXP PLA PMI PPL QCCO POIAK RHB REV TSG SLXP STN STRA SPH TPC SUP SFY TSO THE TRGL RIG TRXI TYC ULBI VRX VPHM WTI OATS WMB UBET ZGEN. During Trading Hours: ICOS. After the Close: ATVI AATI ABCO ASCA ADRX AGO ATO AVID ACLS BIO BKHM CAB CAMD CALL CBOU CEM CNXS CNO DIOD RDEN HLTH EVC FOXH GMST GFIG GIL HPOL IBI LVS LF LTBG LPSN LOOK MCK MOH NFG NFS NUVO OII OTEX PTIE PEET QSFT RMD SFNT SCUR TELK TNS USTR UVN.
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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