Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Summer trading days, coupled with earnings season and fragile geo-political situation are the main reason for the way this market is trading. i.e dead periods of trading followed by some very sharp moves and sudden termination of trades.
LEVELS:
| Contract (Sept. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1295.77 | 1524.83 | 11337.00 | 718.53 |
| Resistance 2 | 1287.23 | 1514.67 | 11256.00 | 711.77 |
| Resistance 1 | 1279.67 | 1503.83 | 11198.00 | 705.03 |
| Pivot | 1271.13 | 1493.67 | 11117.00 | 698.27 |
| Support 1 | 1263.57 | 1482.83 | 11059.00 | 691.53 |
| Support 2 | 1255.03 | 1472.67 | 10978.00 | 684.77 |
| Support 3 | 1247.47 | 1461.83 | 10920.00 | 678.03 |
| | | | | |
| Contract (Sept 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.8668 | 1.2803 | 105 28/32 | 108 6/32 |
| Resistance 2 | 1.8613 | 1.2760 | 105 25/32 | 108 1/32 |
| Resistance 1 | 1.8517 | 1.2693 | 105 19/32 | 107 24/32 |
| Pivot | 1.8462 | 1.2650 | 105 16/32 | 107 19/32 |
| Support 1 | 1.8366 | 1.2583 | 105 10/32 | 107 10/32 |
| Support 2 | 1.8311 | 1.2540 | 105 7/32 | 107 5/32 |
| Support 3 | 1.8215 | 1.2473 | 105 1/32 | 106 28/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, Jul 26th, 2006
Economic
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's 2-year Note auction results
02:00pm Fed's Beige Book
Events
MBA Mortgage Applications (7:00, last –4.6%). DADE analyst meeting.
Earnings
Before the Open: ABY ACE AMG APD ALGN ATI ABK AHM ACAT ASH ASPM ATMI AVX BLDP BEAV BELM BIIB BDK BA CACH CRS CBR COP CFR DO EMCI EEFT FILE FAF FR FTI FORR FCL FBN GM HES ICLR IHP ICE IFF ILSE JNY KEM KMT KMB LIZ LU MSO MDP MESA MNC MNST MYL NCI NSTC NHWK NSC NYB PMTC PAS PFCB PLMD PRAI PX RAI ROK RES SFUN SEAB SEE SIAL SPIL SSCC SNA SNWL SVU TASR TIN TMO TBL TKR UGI UARM UNT WLP WLSC YCC ZBRA. During Trading Hours: BUD EGN LPX. After the Close: RNT ACXM AEA AEIS AEM AKAM AGP ASCA AMKR APPB ARRS ASIA AVB BIDU BSTE BXP BFAM BOBJ CDNS ELY CRUS CLF CTV CYH CNQR CSGP CTS CYBS CYTC XRAY EPIC ESRX FIC FHRX GDI GIVN GSIC HLIT HRS HPC BLUD INGR INTL ISRG ITRI KTO KEX KOMG KYPH LOOP LSI LMNX MTW MTSN WFR MCRL MIL MIPS MTSC NABI NVT NETL NEU NEWP NVTL ORLY OI PHTN PLXS PGI PSSI PSYS PHM DSS STR RADS RARE RSG COL RUTH SONE SFNT SNM SCUR SMTL SIMG SMDI SKX SMSI SONO STTS SYMC SMBI TALX TSCO TRFC TRID TQNT TGI TTMI TYL VARI VAR WOOF VRTX WCN WEBX GB WMGI XL ZMH.
Thursday, Jul 27th, 2006
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