Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Started the week with another pretty big down day. Again volatility is up and the name of the game is "stay a live to trade another day", i.e. money management and survival are key in this trading game.
LEVELS:
| Contract (Sept. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1281.93 | 1606.42 | 11117.33 | 719.97 |
| Resistance 2 | 1274.37 | 1592.08 | 11062.67 | 713.23 |
| Resistance 1 | 1260.63 | 1566.67 | 10969.33 | 701.47 |
| Pivot | 1253.07 | 1552.33 | 10914.67 | 694.73 |
| Support 1 | 1239.33 | 1526.92 | 10821.33 | 682.97 |
| Support 2 | 1231.77 | 1512.58 | 10766.67 | 676.23 |
| Support 3 | 1218.03 | 1487.17 | 10673.33 | 664.47 |
| | | | | |
| Contract (Sept 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.8589 | 1.2804 | 105 30/32 | 108 15/32 |
| Resistance 2 | 1.8546 | 1.2768 | 105 28/32 | 108 9/32 |
| Resistance 1 | 1.8504 | 1.2719 | 105 27/32 | 108 6/32 |
| Pivot | 1.8461 | 1.2683 | 105 25/32 | 108 |
| Support 1 | 1.8419 | 1.2634 | 105 23/32 | 107 29/32 |
| Support 2 | 1.8376 | 1.2598 | 105 21/32 | 107 23/32 |
| Support 3 | 1.8334 | 1.2549 | 105 20/32 | 107 20/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Jun 13th, 2006
Economic
08:30am May Producer Price Index (last 0.9%), PPI Ex Food & Energy (last 0.1%), Advance Retail Sales (last 0.5%), Retail Sales Less Autos (last 0.7%)
10:00am Apr Business Inventories (last 0.7%)
Events
ICSC/UBSW Chain Store Sales (7:45, last 3.1%). Redbook Retail Sales (8:55, last 3.3%). Bear Stearns Technology Conference in NYC through 6/13. Piper Jaffray Global Internet Summit in Laguna Nigel through 6/14. Pacific Growth Equities Life Sciences Growth conference in SF through 6/14. DB Media/Telecom conference in Santa Monica through 6/14. CIBC Industrial Products/Capital Goods conference in NYC through 6/14. CS Consumer and Retail conference in NYC through 6/14. Goldman Sachs Healthcare conference in CA through 6/15. ORBK, TNL analyst meeting. Fed's Bernanke speaks on Consumer Issues in DC at 11:00am. ABC Consumer Confidence (last -17). Trading Ex-split: BECN 3-2, CEDC 3-2, CGI 2-1. Trades Ex-dividend: KO $0.31.
Earnings
Before the Open: BBY GS WWE. 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.
0 Comments:
Post a Comment
<< Home