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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, August 22, 2006

Trading levels and reports for Aug 23rd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1314.70 1603.33 11494.67 719.17
Resistance 2 1310.10 1593.67 11452.33 715.33
Resistance 1 1306.40 1579.33 11409.67 712.67
Pivot 1301.80 1569.67 11367.33 708.83
Support 1 1298.10 1555.33 11324.67 706.17
Support 2 1293.50 1545.67 11282.33 702.33
Support 3 1289.80 1531.33 11239.67 699.67
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 641.8667 1.2996 107  9/32 110 11/32
Resistance 2 638.5333 1.2954 107  6/32 110  5/32
Resistance 1 636.2667 1.2889 107  2/32 110  1/32
Pivot 632.9333 1.2847 106 31/32 109 27/32
Support 1 630.6667 1.2782 106 28/32 109 23/32
Support 2 627.3333 1.2740 106 25/32 109 17/32
Support 3 625.0667 1.2675 106 21/32 109 13/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Aug 23rd, 2006


Economic
10:00am Jul Existing Home Sales (last 6.62M)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last 1.4%). CWTR replaces WGR in S&P MidCap 400 after close of trading. Trades Ex-dividend: WMB $0.09.
Earnings
Before the Open: AMWD BWS DLTR EV LYTS PSS RGS SFD SYNO TECD. After the Close: CHS CWTR MIK PVH.
 
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 1:20 PM

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