Trading levels and reports for August 3rd
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Tip of the day:
Learn to set a maximum daily loss if you are a day-trader. Be strong and if at any point during the day, that daily loss limit was breached, learn to close your position and call it a day. In the long run it will help you survive in this market and eliminate disasterus days.
LEVELS:
| Contract (Sept. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1297.47 | 1543.17 | 11355.00 | 713.75 |
| Resistance 2 | 1292.73 | 1531.58 | 11305.00 | 709.00 |
| Resistance 1 | 1288.47 | 1520.67 | 11270.00 | 705.10 |
| Pivot | 1283.73 | 1509.08 | 11220.00 | 700.35 |
| Support 1 | 1279.47 | 1498.17 | 11185.00 | 696.45 |
| Support 2 | 1274.73 | 1486.58 | 11135.00 | 691.70 |
| Support 3 | 1270.47 | 1475.67 | 11100.00 | 687.80 |
| Contract (Sept 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.8880 | 1.2918 | 106 19/32 | 109 10/32 |
| Resistance 2 | 1.8848 | 1.2896 | 106 13/32 | 108 30/32 |
| Resistance 1 | 1.8814 | 1.2857 | 106 9/32 | 108 24/32 |
| Pivot | 1.8782 | 1.2835 | 106 3/32 | 108 12/32 |
| Support 1 | 1.8748 | 1.2796 | 105 31/32 | 108 6/32 |
| Support 2 | 1.8716 | 1.2774 | 105 25/32 | 107 26/32 |
| Support 3 | 1.8682 | 1.2735 | 105 21/32 | 107 20/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Aug 3rd, 2006
Economic
07:00am Bank of England rate decision
07:45am ECB rate decision
08:30am Initial Jobless Claims (last 298K)
10:00am Jul ISM Non-Manufacturing Index (last 57.0), Jun Factory Orders (last 0.7%)
10:30am Natural Gas Inventories
Events
Same-Store Sale Reports Before the Open - including ANN ANF BEBE BJ CHRS CHS COST CVS DDS DG FDO FD GPS GES GYMB JCP JOSB JWN KSS LTD NWY PIR PLCE PSUN ROST SKS SHRP SMRT TLB TGT TJX WMT. CSFB Electrical Equipment/Multi-Industry conference in Southampton through 8/4. Trades Ex-dividend: C $0.49, INTC $0.10, SO $0.3875.
Earnings
Before the Open: ABBI AGYS AGU LNT ATK AEE ANPI ANSS AIV AIZ BNT BWNG BRKS CAH CBS CNP CETV CSK CMS CNSL CTB CXW CRY CRYP CVS DTPI DRAD DJO D DRS DUK ECLP EFJI FRT GIL GCA GLBL GTI GMCR HNT HPY HOS THX ITWO ITG ISTA KMG KSE LINC MAC MMC MTRX MDTH MTLM MGM MNTG NRP NEW NXL NBL NFI NWN CHUX ZEUS OPTN PTEN PDX PDC PXD PXP PMI POZN PPL PORK RHB REV RKT SRE SKYW SPC SFC S SPH SUP SFY TSO THE TOPT TWGP RIG TRXI TYC ULBI VRX VNDA VIAC WMG WRES WST OATS WMB WPS UBET ZGEN. After the Close: ATVI ARP ANEN AOC ARBX ARTC AGO BIO BDE CAB CAPA CECO CBOU CBEY CEGE CEPH IMOS CVA CCI CVTX DEIX DWA BOOM EVC ERES GTW GFIG MOVE ICOS INCX IN IRF IVGN JH LQDT LPSN LOOK LAVA MANT MWY NFG NKTR NUVO OPWV OPLK PDLI PEET PRFT RSCR TSG SBAC STEL TELK TRLG UNTD USTR UVN VSAT VISG WBMD.
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 1:31 PM
0 Comments:
Post a Comment
<< Home