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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, August 21, 2006

Trading levels and reports for Aug. 22nd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
While earning season is coming to an end here shortly, geo-political tensions are rising again, this time with Iran and its nuclear program.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1308.60 1587.00 11450.00 716.83
Resistance 2 1305.80 1580.50 11420.00 713.67
Resistance 1 1304.10 1574.50 11405.00 710.33
Pivot 1301.30 1568.00 11375.00 707.17
Support 1 1299.60 1562.00 11360.00 703.83
Support 2 1296.80 1555.50 11330.00 700.67
Support 3 1295.10 1549.50 11315.00 697.33
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 641.7333 1.3084 107  6/32 110  7/32
Resistance 2 638.8667 1.3022 107  2/32 110     
Resistance 1 637.0333 1.2969 107      109 29/32
Pivot 634.1667 1.2907 106 29/32 109 22/32
Support 1 632.3333 1.2854 106 27/32 109 19/32
Support 2 629.4667 1.2792 106 23/32 109 12/32
Support 3 627.6333 1.2739 106 21/32 109  9/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Aug 22nd, 2006


Economic
10:00am Aug Richmond Fed Manufacturing Index (last 12)
Events
ICSC/UBSW Chain Store Sales (7:45, last 3.1%). Redbook Retail Sales (8:55, last 3.2%). Fed's Guynn speaks on Economy in Atlanta at 12:40pm. Fed's Moskow speaks on Economy in Illinois at 1:00pm. SNH replaces SHU and MAA replaces ESST in S&P SmallCap 600 after the close of trading. ABC Consumer Confidence (last -15).
Earnings
Before the Open: CHINA HPOL MYGN PERY TOL. After the Close: APSG BGP INTU JKHY MDT.
 
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 1:16 PM

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