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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, August 29, 2006

Trading levels and reports for August 30th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Have a stop, target and entry level on each trade.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1322.10 1610.67 11493.00 735.13
Resistance 2 1314.80 1595.83 11444.00 726.07
Resistance 1 1311.90 1585.67 11408.00 721.53
Pivot 1304.60 1570.83 11359.00 712.47
Support 1 1301.70 1560.67 11323.00 707.93
Support 2 1294.40 1545.83 11274.00 698.87
Support 3 1291.50 1535.67 11238.00 694.33
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 635.4000 1.2963 107 19/32 111  4/32
Resistance 2 630.7000 1.2909 107  9/32 110 21/32
Resistance 1 624.9000 1.2873 107  4/32 110 14/32
Pivot 620.2000 1.2819 106 26/32 109 31/32
Support 1 614.4000 1.2783 106 21/32 109 24/32
Support 2 609.7000 1.2729 106 11/32 109  9/32
Support 3 603.9000 1.2693 106  6/32 109  2/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Aug 30th, 2006


Economic
08:15am ADP Employment Change (last 99K)
08:30am Q2 Preliminary GDP Annualized (last 2.5%), GDP Price Index (last 3.3%), Personal Consumption (last 2.5%), Core PCE Q/Q (last 2.9%)
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's $14B 5-year note auction results
Events
MBA Mortgage Applications (7:00, last 0.1%). Science Advisory Board to the National Center for Toxicological Research meets 8:00am. Dallas Fed President Fisher speaks to North Dallas Chamber of Commerce at 9:00am. Same-Store Sales After the Close - AEOS ARO HOTT MW ZUMZ. Trades Ex-dividend: AIG $0.15 BAC $0.50 EP $0.04 HIG $0.40 K $0.29 MRK $0.30.
Earnings
Before the Open: DSW ESCL UNFI. After the Close: GEF JDSU LTXX NCS SEAC TIVO.
 
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 1:29 PM

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