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

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, June 06, 2006

Trading levels and reports for June 7th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Tomorrow you should still be DAY-TRADING the June e-minis. As of Thursday however, you should be trading the September contract. I will send a more detailed notice tomorrow.
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1288.70 1613.67 11275.00 731.33
Resistance 2 1280.10 1599.83 11190.00 723.67
Resistance 1 1272.70 1589.17 11100.00 718.13
Pivot 1264.10 1575.33 11015.00 710.47
Support 1 1256.70 1564.67 10925.00 704.93
Support 2 1248.10 1550.83 10840.00 697.27
Support 3 1240.70 1540.17 10750.00 691.73
         
Contract (June 2006) British Pound Euro Sept. Ten Years  Sept. US Bonds 
Resistance 3 1.8915 1.3048 106  6/32 108 20/32
Resistance 2 1.8846 1.2996 105 31/32 108  7/32
Resistance 1 1.8732 1.2922 105 27/32 107 30/32
Pivot 1.8663 1.2870 105 21/32 107 17/32
Support 1 1.8549 1.2796 105 17/32 107  8/32
Support 2 1.8480 1.2744 105 10/32 106 27/32
Support 3 1.8366 1.2670 105  6/32 106 18/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Jun 7th, 2006


Economic
10:30am Crude Oil/Gasoline/Distillate Inventories
03:00pm Apr Consumer Credit (last $2.5B)
Events
MBA Mortgage Applications (7:00, last –1.9%). Piper Jaffray Consumer conference in NYC through 6/7. Senate Judiciary Committee hearing on Asbestos. EMC, HAL analyst meeting. Greenspan testifies on Oil and Economy in front of Senate Foreign Relations committee at 9:00am. Fed's Olson gives opening remarks at Home Lending hearing at 9:30am. Fed's Guynn speaks about Economy in GA at 12:30pm. NVLS mid-Q update. Trading Ex-split: CRI 2-1, HUBG 2-1, NICE 2-1.
Earnings
Before the Open: AMWD ALOG UTIW MTN. After the Close: BMC CMTL DMND FNST HRB.
 
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 1:19 PM

0 Comments:

Post a Comment

<< Home