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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, May 18, 2006

Trading levels and reports for May 19th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
The bearish feeling is getting stronger and stronger...1263 is a very big support on the SP and with tomorrow being Friday it will be a cruicial level to watch for clues on the direction of this market.
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1289.77 1637.17 11375.00 745.80
Resistance 2 1283.83 1627.58 11325.00 740.00
Resistance 1 1273.57 1611.17 11235.00 729.00
Pivot 1267.63 1601.58 11185.00 723.20
Support 1 1257.37 1585.17 11095.00 712.20
Support 2 1251.43 1575.58 11045.00 706.40
Support 3 1241.17 1559.17 10955.00 695.40
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.9117 1.3004 106  6/32 108 10/32
Resistance 2 1.9032 1.2934 105 28/32 107 21/32
Resistance 1 1.8970 1.2891 105 22/32 107  8/32
Pivot 1.8885 1.2821 105 12/32 106 19/32
Support 1 1.8823 1.2778 105  6/32 106  6/32
Support 2 1.8738 1.2708 104 28/32 105 17/32
Support 3 1.8676 1.2665 104 22/32 105  4/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, May 19th, 2006


Economic
None Seen
Events
Vaccines and Related Biological Products Advisory Committee meets at 9:00am through 5/19. Bear Stearns Mortgage Finance/Housing Markets Conference in NYC through 5/19. Fed's Geithner speaks to Bond Market Association in NYC at 1:30pm. Trading Ex-split: CORS 2-1, PGR 4-1.
Earnings
Before the Open: ASEI /b>ANN KIRK TNP. 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 1:26 PM

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