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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, June 19, 2006

Trading levels and reports for June 20th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Still bear market mentality. Sell offs are larger and faster than the rallies.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1280.80 1606.83 11255.00 712.70
Resistance 2 1273.80 1596.67 11195.00 706.60
Resistance 1 1261.30 1580.33 11105.00 695.95
Pivot 1254.30 1570.17 11045.00 689.85
Support 1 1241.80 1553.83 10955.00 679.20
Support 2 1234.80 1543.67 10895.00 673.10
Support 3 1222.30 1527.33 10805.00 662.45
         
Contract (Sept 2006) British Pound Euro Ten Years   US Bonds 
Resistance 3 1.8702 1.2814 105      106 31/32
Resistance 2 1.8634 1.2772 104 30/32 106 26/32
Resistance 1 1.8541 1.2714 104 26/32 106 21/32
Pivot 1.8473 1.2672 104 24/32 106 16/32
Support 1 1.8380 1.2614 104 20/32 106 11/32
Support 2 1.8312 1.2572 104 18/32 106  6/32
Support 3 1.8219 1.2514 104 14/32 106  1/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Jun 20th, 2006


Economic
08:30pm May Housing Starts (last 1.85M), Building Permits (last 1.97M)
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.9%). Redbook Retail Sales (8:55, last 3.1%). Wachovia Nantucket Conference through 6/22. JPMorgan Alternative Energy conference in NYC. Senate Hearing scrutinizing Hedge Fund short sales. ABC Consumer Confidence (last -15). Trading Ex-split: IFO 2-1.
Earnings
Before the Open: ATU APOL CMC FDS GGXY SJM KR PRGS. After the Close: CBK DRI FSII SONC.
 
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 1:13 PM

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