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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, August 07, 2006

Trading levels and reports for Aug 7th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Hope everyone had a nice, relaxing weekend and are ready for a full week of trading.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1315.83 1578.50 11529.00 739.85
Resistance 2 1306.67 1558.50 11452.00 729.80
Resistance 1 1296.33 1537.00 11365.00 716.60
Pivot 1287.17 1517.00 11288.00 706.55
Support 1 1276.83 1495.50 11201.00 693.35
Support 2 1267.67 1475.50 11124.00 683.30
Support 3 1257.33 1454.00 11037.00 670.10
         
Contract (Sept 2006) British Pound Euro Ten Years   US Bonds 
Resistance 3 1.9479 1.3104 107 13/32 110 17/32
Resistance 2 1.9311 1.3024 107  2/32 110     
Resistance 1 1.9205 1.2969 106 26/32 109 20/32
Pivot 1.9037 1.2889 106 15/32 109  3/32
Support 1 1.8931 1.2834 106  7/32 108 23/32
Support 2 1.8763 1.2754 105 28/32 108  6/32
Support 3 1.8657 1.2699 105 20/32 107 26/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, Aug 7th, 2006


Economic
01:00pm Treasury's 3-year Note Auction results
03:00pm Jun Consumer Credit (last $4.4B)
Events
RIG analyst meeting. Pacific Crest Technology Forum in Vail through 8/8. Bear Stearns India Conference in NYC through 8/9. Trading Ex-split: FUL 2-1. Trades Ex-dividend: HET $0.40. Apple's World Wide Developer's Conference in SF through 8/11.
Earnings
Before the Open: AES AMT ARD LNG EP ENCY FTO HANS TVL LOJN MVL MDR FLSH ORBK ORA PFGC ROIAK SALM ELOS YSI. During Trading Hours: ALTI. After the Close: JOBS ALJ ACF AHS BLKB BEXP CPKI CPE CHCI CUZ CCRN CUTR EGLE EAGL ENTG FLR FST GDP SRVY IBI MNT MIVA OPMR OSIP PRXL MALL PCLN PGIC QGEN QLTY RTEC SONS SYKE TOA TKLC TWW TNS TRMA URI USIH WGII WGRD WGL.
 
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 6:29 AM

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