Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Hope everyone had a good weekend and ready for full week of trading.
One of traders biggest enemies is lack of patience. Try to be strong enough to only take trades that fit your criteria and set ups.
LEVELS:
| Contract (Sept. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1283.53 | 1615.50 | 11140.00 | 731.33 |
| Resistance 2 | 1278.87 | 1605.25 | 11100.00 | 726.17 |
| Resistance 1 | 1270.03 | 1586.25 | 11030.00 | 715.83 |
| Pivot | 1265.37 | 1576.00 | 10990.00 | 710.67 |
| Support 1 | 1256.53 | 1557.00 | 10920.00 | 700.33 |
| Support 2 | 1251.87 | 1546.75 | 10880.00 | 695.17 |
| Support 3 | 1243.03 | 1527.75 | 10810.00 | 684.83 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Sept. Ten Years | Sept. US Bonds |
| Resistance 3 | 1.8599 | 1.2780 | 106 8/32 | 108 30/32 |
| Resistance 2 | 1.8543 | 1.2736 | 106 3/32 | 108 19/32 |
| Resistance 1 | 1.8479 | 1.2691 | 105 31/32 | 108 11/32 |
| Pivot | 1.8423 | 1.2647 | 105 26/32 | 108 |
| Support 1 | 1.8359 | 1.2602 | 105 21/32 | 107 24/32 |
| Support 2 | 1.8303 | 1.2558 | 105 16/32 | 107 13/32 |
| Support 3 | 1.8239 | 1.2513 | 105 12/32 | 107 5/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Monday, Jun 12th, 2006
Economic
02:00pm May Monthly Budget Statement (last -$35.4B)
Events
Bear Stearns Technology Conference in NYC through 6/13. Piper Jaffray Global Internet Summit in Laguna Nigel through 6/14. DB Media/Telecom conference in Santa Monica through 6/14. Pacific Growth Equities Life Sciences Growth conference in SF through 6/14. Fed's Pianalto speaks on Economy and Monetary Policy in FL at 9:15am. Fed's Fisher speaks on U.S. Global Policy in TX at 10:30am. Fed's Olson speaks at Banking Regulatory conference in FL at 12:15pm. Fed's Bies speaks on Risk Management in DC at 4:00pm. PETS to replace TNM in S&P SmallCap 600 after close of trading. Fed's Bernanke speaks on Bank Supervision in DC at 7:30pm. Trading Ex-split: B 2-1, EXPO 2-1, FD 2-1, MAR 2-1, TRN 3-2. Trades Ex-dividend: HPQ $0.08.
Earnings
Before the Open: LEH STEI. 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.
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