Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
LEVELS: for a free trial visit: www.technicalanalytics.com
| S&P U | | | NASDAQ U | | | DOW U | |
| | | | | | | | | | | |
| RESISTANCE | | | RESISTANCE | | | RESISTANCE | |
| | 1,272.50 | | | | 1,610.00 | | | | 11,160.00 | |
| | 1,268.00 | | | ******* | 1,602.00 | | | ******* | 11,125.00 | |
| ******* | 1,265.00 | | | ******* | 1,591.00 | | | | 11,085.00 | |
| ******* | 1,262.00 | | | | 1,585.00 | | | ******* | 11,059.00 | |
| ****** | 1,255.80 | | | ****** | 1,573.00 | | | ****** | 11,030.00 | |
| | 1,254.00 | | | ***** | 1,567.00 | | | ***** | 10,998.00 | |
| ***** | 1,249.50 | | | | 1,563.00 | | | | 10,973.00 | |
| *** | 1,245.50 | | | ** | 1,551.00 | | | **** | 10,945.00 | |
| | | | | | | | | | | |
| CLOSE | 1,241.20 | | | CLOSE | 1,545.75 | | | CLOSE | 10,904.00 | |
| | | | | | | | | | | |
| SUPPORT | | | SUPPORT | | | SUPPORT | |
| *** | 1,239.00 | | | **** | 1,538.00 | | | **** | 10,860.00 | |
| ***** | 1,235.80 | | | ***** | 1,530.00 | | | | 10,815.00 | |
| ****** | 1,231.10 | | | | 1,522.00 | | | | 10,778.00 | |
| ******* | 1,225.00 | | | ****** | 1,515.00 | | | ***** | 10,760.00 | |
| | 1,220.50 | | | | 1,507.00 | | | | 10,715.00 | |
| | 1,216.00 | | | ******* | 1,500.00 | | | | 10,670.00 | |
| ******* | 1,212.00 | | | | 1,491.00 | | | ****** | 10,645.00 | |
| ******* | 1,209.00 | | | | 1,479.00 | | | | 10,620.00 | |
| | | | | | | | | | | | |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Jun 15th, 2006
Economic
08:30am Initial Jobless Claims (last 302K), Jun Empire Manufacturing (last 12.4)
09:00am Apr Net Foreign Security Purchases (last $69.8B)
09:15am May Industrial Production (last 0.8%), Capacity Utilization (last 81.9%)
10:30am Natural Gas Inventories
12:00pm Jun Philadelphia Fed (last 14.4)
Events
Fed's Minehan gives Introductory Remarks at bank's conference in MA at 8:15am. Goldman Sachs Healthcare conference in CA through 6/15. Merrill Lynch Global Transportation conference in NYC through 6/15. Needham Biotech/Medical Tech conference in NYC through 6/15. Morgan Stanley SmallCap Executive conference in NYC through 6/16. Fed's Kroszner speaks on International Capital Markets in NYC at 1:00pm. Fed's Bernanke speak on Energy in Chicago at 2:00pm. Trading Ex-split: KMG 2-1, LUK 2-1.
Earnings
Before the Open: BSC PIR. After the Close: ADBE KBH OVTI.
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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