Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Choppy market after the first hour of trading.
When trading is affected mostly by geo-political conditions, be carefull and make sure you have stops in place as certain events that are not in your control can cause big moves either way.
LEVELS:
| Contract (Sept. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1254.73 | 1503.83 | 10938.67 | 699.22 |
| Resistance 2 | 1250.97 | 1495.42 | 10894.33 | 694.23 |
| Resistance 1 | 1245.73 | 1487.83 | 10845.67 | 688.47 |
| Pivot | 1241.97 | 1479.42 | 10801.33 | 683.48 |
| Support 1 | 1236.73 | 1471.83 | 10752.67 | 677.72 |
| Support 2 | 1232.97 | 1463.42 | 10708.33 | 672.73 |
| Support 3 | 1227.73 | 1455.83 | 10659.67 | 666.97 |
| | | | | |
| Contract (Sept 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.8566 | 1.2801 | 105 21/32 | 108 1/32 |
| Resistance 2 | 1.8491 | 1.2749 | 105 16/32 | 107 25/32 |
| Resistance 1 | 1.8352 | 1.2658 | 105 13/32 | 107 21/32 |
| Pivot | 1.8277 | 1.2606 | 105 9/32 | 107 13/32 |
| Support 1 | 1.8138 | 1.2515 | 105 6/32 | 107 9/32 |
| Support 2 | 1.8063 | 1.2463 | 105 1/32 | 107 1/32 |
| Support 3 | 1.7924 | 1.2372 | 104 30/32 | 106 29/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Jul 18th, 2006
Economic
08:30am Jun Producer Price Index (last 0.2%), PPI Ex Food & Energy (last 0.3%)
09:00am May Net Foreign Security Purchases (last $46.7B)
01:00pm Jul NAHB Housing Market Index (last 42)
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.6%). Redbook Retail Sales (8:55, last 3.5%). Fed's Warsh speaks about Capital Investment Trends in DC at 9:00am. ABC Consumer Confidence (last -10). Trades Ex-dividend: CAT $0.30.
Earnings
Before the Open: ADTN AMTD ASO BLK KO CORS FRX FCX JNJ KEY MEL MER MTG MNRO NCC NYT PNFP RBNC STT UTX USB WFC. After the Close: CHKP CGNX CSX DTAS HBHC IBM ILMN PHHM PLXT RLRN SOV TSS TRMK USNA YHOO.
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.
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