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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, June 01, 2006

Trading levels and reports for June 2nd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Nice rally before tomorrow's important unemployment number. Be ready for a volatile session.
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1309.23 1671.00 11427.33 761.03
Resistance 2 1298.37 1645.50 11353.67 749.77
Resistance 1 1292.43 1632.50 11307.33 744.13
Pivot 1281.57 1607.00 11233.67 732.87
Support 1 1275.63 1594.00 11187.33 727.23
Support 2 1264.77 1568.50 11113.67 715.97
Support 3 1258.83 1555.50 11067.33 710.33
         
Contract (June 2006) British Pound Euro Sept. Ten Years  Sept. US Bonds 
Resistance 3 1.8917 1.2954 105 15/32 107  8/32
Resistance 2 1.8823 1.2897 105  9/32 106 29/32
Resistance 1 1.8732 1.2851 105  4/32 106 19/32
Pivot 1.8638 1.2794 104 30/32 106  8/32
Support 1 1.8547 1.2748 104 25/32 105 30/32
Support 2 1.8453 1.2691 104 19/32 105 19/32
Support 3 1.8362 1.2645 104 14/32 105  9/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 
 

Friday, Jun 2nd, 2006


Economic
08:30am May Unemployment Rate (last 4.7%), Change in Nonfarm Payrolls (last 138K), Change in Manufact. Payrolls (last 19K), Average Hourly Earnings (last 0.5%), Average Weekly Hours (last 33.9)
10:00am Apr Factory Orders (last 4.1%)
Events
Bernstein Strategic Decisions conference in NYC through 6/2. Cowen Technology conference in NYC through 6/2. Oncologic Drugs Advisory Committee meeting at 10:00am. Orthopedic and Rehabilitation Devices Panel of the Medica Devices Advisory Committee meets at 8:30am. American Society of Clinical Oncology conference through 6/6. Trading Ex-split: CBG 3-1, DFG 3-2, EDEN 3-2, GDI 2-1, HOC 2-1, UAG 2-1.
Earnings
Before the Open: None. 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 1:17 PM

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