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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, June 20, 2006

Trading levels and reports for June 21st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1269.13 1604.83 11235.00 699.67
Resistance 2 1264.47 1594.42 11175.00 695.83
Resistance 1 1258.13 1581.83 11120.00 689.67
Pivot 1253.47 1571.42 11060.00 685.83
Support 1 1247.13 1558.83 11005.00 679.67
Support 2 1242.47 1548.42 10945.00 675.83
Support 3 1236.13 1535.83 10890.00 669.67
         
Contract (Sept 2006) British Pound Euro Ten Years   US Bonds 
Resistance 3 1.8589 1.2779 105  1/32 107  2/32
Resistance 2 1.8542 1.2737 104 30/32 106 27/32
Resistance 1 1.8498 1.2698 104 25/32 106 20/32
Pivot 1.8451 1.2656 104 21/32 106 13/32
Support 1 1.8407 1.2617 104 16/32 106  6/32
Support 2 1.8360 1.2575 104 13/32 105 31/32
Support 3 1.8316 1.2536 104  8/32 105 24/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Jun 21st, 2006


Economic
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last 7.0%). Wachovia Nantucket Conference through 6/22. Morgan Stanley Business and Professional Services conference in NYC through 6/22. Trades Ex-dividend: HNZ $0.35.
Earnings
Before the Open: FDX MS. After the Close: BBBY CLC FINL JBL XRTX.
 
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 1:18 PM

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