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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, August 16, 2006

Trading levels and reports for Aug 17th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Discipline, discipline, discipline. Its probably 60% of surviving this markets.
 
Planning the trade from start to finish: entry level, stop loss and targets.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1310.07 1619.00 11531.33 723.67
Resistance 2 1305.03 1598.00 11450.67 717.08
Resistance 1 1301.77 1587.00 11401.33 713.67
Pivot 1296.73 1566.00 11320.67 707.08
Support 1 1293.47 1555.00 11271.33 703.67
Support 2 1288.43 1534.00 11190.67 697.08
Support 3 1285.17 1523.00 11141.33 693.67
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 650.3333 1.3003 107 11/32 110  9/32
Resistance 2 646.6667 1.2948 107  2/32 109 27/32
Resistance 1 642.8333 1.2907 106 28/32 109 19/32
Pivot 639.1667 1.2852 106 19/32 109  5/32
Support 1 635.3333 1.2811 106 13/32 108 29/32
Support 2 631.6667 1.2756 106  4/32 108 15/32
Support 3 627.8333 1.2715 105 30/32 108  7/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, Aug 17th, 2006


Economic
08:30am Initial Jobless Claims (last 319K)
10:00am Jul Leading Indicators (last 0.1%)
10:30am Natural Gas Inventories
12:00am Aug Philadelphia Fed (last 6.0)
Events
Fed's Fisher speaks at Community Luncheon in Shreveport at 1:30pm. Fed's Kroszner speaks at SF Banking Conference in SF at 8:30pm.
Earnings
Before the Open: BKS CMRG CCBL PLCE CMED CLE RDEN FLO GME LTD LTON NWY NUCO OHB SHLD SCVL SMRT. After the Close: ARO ADSK BEBE BRCD CALL CPWM DELL DV DITC FMCN FL GPS HIBB MRVL NEXT NINE JWN RMD SCSC ZIGO.
 
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 1:15 PM

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