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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, June 08, 2006

Trading levels and reports for June 9th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Keep in mind that September is the FRONT month for bonds, e-minis (mini SP, mini Russell, mini Nasdaq, mini Dow), big stock indices.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1303.13 1635.50 11290.00 744.67
Resistance 2 1287.57 1611.25 11170.00 729.33
Resistance 1 1277.13 1592.50 11080.00 720.67
Pivot 1261.57 1568.25 10960.00 705.33
Support 1 1251.13 1549.50 10870.00 696.67
Support 2 1235.57 1525.25 10750.00 681.33
Support 3 1225.13 1506.50 10660.00 672.67
         
Contract (June 2006) British Pound Euro Sept. Ten Years  Sept. US Bonds 
Resistance 3 1.8760 1.2956 106 16/32 108 31/32
Resistance 2 1.8669 1.2885 106 10/32 108 21/32
Resistance 1 1.8551 1.2774 106  1/32 108  8/32
Pivot 1.8460 1.2703 105 27/32 107 30/32
Support 1 1.8342 1.2592 105 18/32 107 17/32
Support 2 1.8251 1.2521 105 12/32 107  7/32
Support 3 1.8133 1.2410 105  3/32 106 26/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Jun 9th, 2006


Economic
08:30am May Import Price Index (last 2.1%), Apr Trade Balance (last -$62.0B)
Events
G-8 Finance Ministers meet in Russia through 6/10. TSFG, WTM analyst meetings. Fed's Olson gives opening remarks at Home Lending hearing at 8:30am. Fed's Bernanke speaks at MIT Commencement ceremony at 11:00am. Trading Ex-split: SCSS 3-2.
Earnings
Before the Open: HRLY. 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 1:16 PM

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