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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, August 23, 2006

Trading levels and reports for August 24th

 
*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 1315.93 1602.33 11492.00 725.67
Resistance 2 1310.07 1589.67 11441.00 719.33
Resistance 1 1303.43 1573.33 11384.00 709.67
Pivot 1297.57 1560.67 11333.00 703.33
Support 1 1290.93 1544.33 11276.00 693.67
Support 2 1285.07 1531.67 11225.00 687.33
Support 3 1278.43 1515.33 11168.00 677.67
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 646.7333 1.2949 107  9/32 110 12/32
Resistance 2 643.2667 1.2915 107  4/32 110  5/32
Resistance 1 638.1333 1.2864 107  1/32 110     
Pivot 634.6667 1.2830 106 28/32 109 25/32
Support 1 629.5333 1.2779 106 24/32 109 20/32
Support 2 626.0667 1.2745 106 19/32 109 13/32
Support 3 620.9333 1.2694 106 16/32 109  8/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, Aug 24th, 2006


Economic
08:30am Initial Jobless Claims (last 312K), Jul Durable Goods Orders (last 2.9%), Durables Ex Transportation (last 1.1%)
10:00am Jul New Home Sales (last 1.13M)
10:30am Natural Gas Inventories
11:00am Treasury's 2-year and 5-year Note funding announcement
Events
General and Plastic Surgery Devices Panel of the Medical Devices Advisory Committee meets at 8:00am. ORCC analyst meeting. Trades Ex-dividend: NOC $0.30.
Earnings
Before the Open: ARXT DEBS FRED GCO HL JTX LB OPSW PDCO TTC WSM. During Trading Hours: NX. After the Close: AGIL ANST CMOS JCG MCDTA.
 
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 1:12 PM

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