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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, June 05, 2006

Trading levels and reports for June 6th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1302.60 1635.25 11380.33 753.00
Resistance 2 1294.60 1623.25 11307.67 744.50
Resistance 1 1281.80 1603.00 11195.33 730.25
Pivot 1273.80 1591.00 11122.67 721.75
Support 1 1261.00 1570.75 11010.33 707.50
Support 2 1253.00 1558.75 10937.67 699.00
Support 3 1240.20 1538.50 10825.33 684.75
         
Contract (June 2006) British Pound Euro Sept. Ten Years  Sept. US Bonds 
Resistance 3 1.8994 1.3041 106  4/32 108     
Resistance 2 1.8940 1.3017 106  1/32 107 27/32
Resistance 1 1.8832 1.2970 105 26/32 107 19/32
Pivot 1.8778 1.2946 105 23/32 107 14/32
Support 1 1.8670 1.2899 105 16/32 107  6/32
Support 2 1.8616 1.2875 105 13/32 107  1/32
Support 3 1.8508 1.2828 105  6/32 106 25/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Jun 6th, 2006


Economic
None Seen
Events
ICSC/UBSW Chain Store Sales (7:45, last 3.3%). Redbook Retail Sales (8:55, last 3.1%). American Society of Clinical Oncology conference through 6/6. Goldman Sachs Lodging/Gaming/Restaurant/Leisure conference in NYC through 6/6. Sidotti Emerging Growth conference in Boston through 6/6. JPMorgan Basics & Materials conferenc in NYC through 6/6. Piper Jaffray Consumer conference in NYC through 6/7. CNC, MFE, STI analyst meeting. Fed's Bies speaks at Risk Conference in CA at 11:15am. Fed's Hoenig speaks about Monetary Policy in Colorado at 2:45pm. ABC Consumer Confidence (last -17). Trading Ex-split: SCSC 2-1.
Earnings
Before the Open: KFY NOOF SCHS. After the Close: ASHW COO DSW LZB MATK VTS.
 
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 1:15 PM

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