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 | 1312.13 | 1669.00 | 11585.33 | 756.43 |
| Resistance 2 | 1305.47 | 1658.25 | 11521.67 | 749.97 |
| Resistance 1 | 1301.33 | 1647.00 | 11485.33 | 744.43 |
| Pivot | 1294.67 | 1636.25 | 11421.67 | 737.97 |
| Support 1 | 1290.53 | 1625.00 | 11385.33 | 732.43 |
| Support 2 | 1283.87 | 1614.25 | 11321.67 | 725.97 |
| Support 3 | 1279.73 | 1603.00 | 11285.33 | 720.43 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.9161 | 1.3134 | 105 16/32 | 106 29/32 |
| Resistance 2 | 1.9084 | 1.3069 | 105 9/32 | 106 17/32 |
| Resistance 1 | 1.8937 | 1.2942 | 105 4/32 | 106 7/32 |
| Pivot | 1.8860 | 1.2877 | 104 29/32 | 105 27/32 |
| Support 1 | 1.8713 | 1.2750 | 104 24/32 | 105 17/32 |
| Support 2 | 1.8636 | 1.2685 | 104 17/32 | 105 5/32 |
| Support 3 | 1.8489 | 1.2558 | 104 12/32 | 104 27/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, May 16th, 2006
Economic
08:30am Apr Producer Price Index (last 0.5%), PPI Ex Food & Energy (last 0.1%), Housing Starts (last 1.96M), Building Permits (last 2.09M)
09:15am Apr Industrial Production (last 0.6%), Capacity Utilization (last 81.3%)
Events
Fed's Bies to speak on Basel II in Spain at 3:45am. ICSC/UBSW Chain Store Sales (7:45, last 2.3%). Fed's Geithner speaks on Derivatives and Economy in NYC at 8:45am. Redbook Retail Sales (8:55, last 3.2%). UBS Global Financial Services Conference in NYC through 5/17. Bear Stearns Global Credit Conference in NYC through 5/17. BofA Healthcare Conference in Nevada through 5/18. ACF Analyst meeting. Fed's Olson speaks on Rick Compliance in DC at 1:00pm. Fed's Kroszner leads panel at Hedge Fund conference at 3:30pm. ABC Consumer Confidence (last -16). Fed's Bernanke speaks at Hedge Fund conference at 6:30pm. Trading Ex-split: ACI 2-1, BLUD 3-2, JEF 2-1, HTLD 4-3, TIE 2-1. BKMU replaces SVC in S&P SmallCap 600 at close of trading.
Earnings
Before the Open: AGYS AEOS BJ CTR DE DKS ESLT FOSL HD JBX VLCCF SKS SPLS TJX WMT. After the Close: ANF AMAT CPWR HPQ LTXX PLAB REDE VSAT.
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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