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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, August 03, 2006

Trading levels and reports for August 4th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Un-Employment Friday tomorrow. Be ready for trading and make sure you have a target and a stop level for each trade.
 
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1306.73 1570.00 11480.00 733.18
Resistance 2 1297.87 1548.75 11390.00 721.47
Resistance 1 1292.53 1535.00 11341.00 715.43
Pivot 1283.67 1513.75 11251.00 703.72
Support 1 1278.33 1500.00 11202.00 697.68
Support 2 1269.47 1478.75 11112.00 685.97
Support 3 1264.13 1465.00 11063.00 679.93
         
Contract (Sept 2006) British Pound Euro Ten Years   US Bonds 
Resistance 3 1.9181 1.2979 106 18/32 109 16/32
Resistance 2 1.9055 1.2925 106 13/32 109  5/32
Resistance 1 1.8970 1.2885 106  9/32 108 30/32
Pivot 1.8844 1.2831 106  4/32 108 19/32
Support 1 1.8759 1.2791 106      108 12/32
Support 2 1.8633 1.2737 105 27/32 108  1/32
Support 3 1.8548 1.2697 105 23/32 107 26/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Aug 4th, 2006


Economic
08:30am Jul Unemployment Rate (last 4.6%), Change in Nonfarm Payrolls (last 121K), Change in Manufact. Payrolls (last 15K), Average Hourly Earnings (last 0.5%), Average Weekly Hours (last 33.9)
Events
CSFB Electrical Equipment/Multi-Industry conference in Southampton through 8/4. Fed's Stern speak on Banking Issues in Minnesota at 9:45am.
Earnings
Before the Open: AMCS MXIM MHS NAT OXY OMG PGL SFCC TTI TNP WSSI. After the Close: POM TRI.
 
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 1:46 PM

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