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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, May 25, 2006

Trading levels and reports for May 26th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Nice bounce on the market as volatility died out a bit. Feels like some may already started their Memorial day weekend....
 
For holiday trading hours, please visit:  http://www.cannontrading.com/news/newsletter.php#one
 
I hope everyone will enjoy their long weekend, have a safe one!
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1291.67 1642.25 11329.33 744.08
Resistance 2 1283.73 1626.00 11279.67 736.17
Resistance 1 1279.37 1615.50 11252.33 731.83
Pivot 1271.43 1599.25 11202.67 723.92
Support 1 1267.07 1588.75 11175.33 719.58
Support 2 1259.13 1572.50 11125.67 711.67
Support 3 1254.77 1562.00 11098.33 707.33
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.8844 1.2915 106  3/32 107 27/32
Resistance 2 1.8798 1.2877 105 30/32 107 20/32
Resistance 1 1.8762 1.2843 105 23/32 107  8/32
Pivot 1.8716 1.2805 105 18/32 107  1/32
Support 1 1.8680 1.2771 105 11/32 106 21/32
Support 2 1.8634 1.2733 105  6/32 106 14/32
Support 3 1.8598 1.2699 104 31/32 106  2/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, May 26th, 2006


Economic
08:30am Apr Personal Income (last 0.5%), Personal Spending (last 0.6%), PCE Core (last 0.3%)
09:45am May Final U. of Michigan Confidence (last 79.0)
01:00pm Bond Market Association recommend early close in pit (electronic at 2:00pm)
Events
ECB's Papademos speaks at Euro-dollar conference in St. Louis at 4:00pm.
Earnings
Before the Open: ASHW. After the Close: None.
 
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 1:10 PM

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