Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
One day FOMC session tomorrow and the market expects no change in interest rates for most part.
LEVELS:
| Contract (Sept. 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1290.30 | 1525.00 | 11341.67 | 709.43 |
| Resistance 2 | 1286.90 | 1517.50 | 11308.33 | 705.27 |
| Resistance 1 | 1283.80 | 1509.00 | 11281.67 | 701.83 |
| Pivot | 1280.40 | 1501.50 | 11248.33 | 697.67 |
| Support 1 | 1277.30 | 1493.00 | 11221.67 | 694.23 |
| Support 2 | 1273.90 | 1485.50 | 11188.33 | 690.07 |
| Support 3 | 1270.80 | 1477.00 | 11161.67 | 686.63 |
| | | | | |
| Contract (Sept 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.9195 | 1.2976 | 106 20/32 | 109 12/32 |
| Resistance 2 | 1.9162 | 1.2951 | 106 18/32 | 109 9/32 |
| Resistance 1 | 1.9123 | 1.2913 | 106 15/32 | 109 6/32 |
| Pivot | 1.9090 | 1.2888 | 106 13/32 | 109 3/32 |
| Support 1 | 1.9051 | 1.2850 | 106 10/32 | 109 |
| Support 2 | 1.9018 | 1.2825 | 106 8/32 | 108 29/32 |
| Support 3 | 1.8979 | 1.2787 | 106 5/32 | 108 26/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, Aug 8th, 2006
Economic
08:30am Q2 Preliminary Nonfarm Productivity (last 3.7%), Unit Labor Costs (last 1.6%)
10:00am IBD/TIPP Economic Optimism (last 46.2)
02:15pm FOMC Rate Decision expected
Events
ICSC/UBSW Chain Store Sales (7:45, last 2.6%). Redbook Retail Sales (8:55, last 2.7%). Pacific Crest Technology Forum in Vail through 8/8. Bear Stearns India Conference in NYC through 8/9. NFLD analyst meeting. ABC Consumer Confidence (last -10). Apple's World Wide Developer's Conference in SF through 8/11.
Earnings
Before the Open: ABP ALXN AHCI AMSC AIT AACC BLTI BIOS BLT BRNC CVC CMX CTIC CHTR GRRF CHD CLHB CCU CCO CTCO CMLS EIX ESLT ETR GGP GI GIGM GKIS HURN KPA VTIV JBX KOSP LAMR MGA TMR MNTA MGAM NNDS NTBK NOOF ORCH OSG PSTI PLA RL ROLL RTIX RRI SLXP SLE SAX SRZ SURW TNOX TECH TEVA TRGL VSE VAS WMAR WGR WEDC. During Trading Hours: SAM DTV SNHY. After the Close: ALKS ADRX AVT BBG BBBB BMC CELL BDI CPHD CRL CHRD CSCO DRTE DIGE DCEL HLTH KEYW EXEL FCH GMST GMKT IPAS JUPM KOPM LTRE LNC LPMA MCHX MFLX NGAS NTN NUAN OSUR OXM PCR QSFT SONE SAPE STX SNIC SLNK SVR TALK TMTA OVEN UTI VSTA WPI WNR WFII ZIPR.
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.
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