Cannon Trading Co. Inc.
We believe. The next frontier in futures trading.
Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, May 04, 2006

Trading levels and reports for May 5th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Tomorrow's early morning reports should proide some volatility to the market. Hard to tell which way but be ready.
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1326.93 1738.00 11555.67 789.97
Resistance 2 1323.47 1727.25 11523.33 784.43
Resistance 1 1320.23 1718.50 11494.67 781.57
Pivot 1316.77 1707.75 11462.33 776.03
Support 1 1313.53 1699.00 11433.67 773.17
Support 2 1310.07 1688.25 11401.33 767.63
Support 3 1306.83 1679.50 11372.67 764.77
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.8833 1.2952 105 12/32 106 28/32
Resistance 2 1.8697 1.2857 105  8/32 106 19/32
Resistance 1 1.8619 1.2797 105  3/32 106 11/32
Pivot 1.8483 1.2702 104 31/32 106  2/32
Support 1 1.8405 1.2642 104 26/32 105 26/32
Support 2 1.8269 1.2547 104 22/32 105 17/32
Support 3 1.8191 1.2487 104 17/32 105  9/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, May 5th, 2006


Economic
08:30am Apr Unemployment Rate (last 4.7%), Change in Nonfarm Payrolls (last 211K), Change in Manufact. Payrolls (last –5K) Average Hourly Earnings (last 0.2%), Average Weekly Hours (last 33.8)
03:00pm Mar Consumer Credit (last $3.3B)
Events
ONNN, PDLI, PNRA TOL analyst meetings. Morgan Stanley Global Healthcare Unplugged Conference in Miami through 5/5. ROIAK replaces IPMT in S&P SmallCap 600.
Earnings
Before the Open: ACET ATK AHCI AU BDE CACH XEC EP EOG FS IINT JBSS MHS MCCC THQI TOL TGI WMG. After the Close: CRK POM.
 
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 1:42 PM

0 Comments:

Post a Comment

<< Home