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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, August 15, 2006

Trading levels and reports for August 16th

 
*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 1302.50 1579.33 11413.00 710.75
Resistance 2 1296.50 1560.67 11339.00 705.50
Resistance 1 1292.60 1551.33 11296.00 702.75
Pivot 1286.60 1532.67 11222.00 697.50
Support 1 1282.70 1523.33 11179.00 694.75
Support 2 1276.70 1504.67 11105.00 689.50
Support 3 1272.80 1495.33 11062.00 686.75
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 642.9333 1.2965 107  2/32 109 29/32
Resistance 2 639.9667 1.2899 106 23/32 109 13/32
Resistance 1 636.4333 1.2855 106 16/32 109  2/32
Pivot 633.4667 1.2789 106  5/32 108 18/32
Support 1 629.9333 1.2745 105 30/32 108  7/32
Support 2 626.9667 1.2679 105 19/32 107 23/32
Support 3 623.4333 1.2635 105 12/32 107 12/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Aug 16th, 2006


Economic
08:30am Jul Consumer Price Index (last 0.2%), CPI Ex Food & Energy (last 0.3%), CPI NSA (last 202.9), Housing Starts (last 1.85M), Building Permits (last 1.87M)
09:15am Jul Industrial Production (last 0.8%), Capacity Utilization (last 82.4%)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last 4.9%). Fed's Fisher speaks at Real Estate conference in Dallas at 1:30pm. Trading Ex-split: CSX 2-1, GISX 2-1, GRMN 2-1, OXY 2-1. Trades Ex-dividend: IP $0.25, MCO $0.07, UTX $0.265, WMT $0.167.
Earnings
Before the Open: BLI BBA CHRS CPA DAKT EL GMTN MGPI ROST SHMR TLB TWB. After the Close: ARXX BEAS CAI CTRN GYMB HPQ HOTT LDG MW NTAP PSEM CRM SNPS ZUMZ.
 
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 1:13 PM

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