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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, August 31, 2006

Trading levels and reports for Sept. 1st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Hope all of you will enjoy a great trading month in September.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1307.73 1600.33 11453.33 730.83
Resistance 2 1307.87 1595.17 11436.67 728.67
Resistance 1 1303.73 1589.33 11413.33 724.83
Pivot 1303.87 1584.17 11396.67 722.67
Support 1 1299.73 1578.33 11373.33 718.83
Support 2 1299.87 1573.17 11356.67 716.67
Support 3 1295.73 1567.33 11333.33 712.83
         
Contract (Sept 2006) Dec. Gold Euro Dec. Ten Years  Dec. US Bonds 
Resistance 3 641.5333 1.2976 107 24/32 111 21/32
Resistance 2 638.2667 1.2934 107 18/32 111 13/32
Resistance 1 636.2333 1.2881 107 15/32 111  7/32
Pivot 632.9667 1.2839 107  9/32 110 31/32
Support 1 630.9333 1.2786 107  6/32 110 25/32
Support 2 627.6667 1.2744 107      110 17/32
Support 3 625.6333 1.2691 106 29/32 110 11/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Sep 1st, 2006


Economic
08:30am Aug Change in Nonfarm Payrolls (last 113K), Unemployment Rate (last 4.8%), Change in Manufacturing Payrolls (last –15k), Average Hourly Earnings (last +0.4%), Average Weekly Hours (last 33.9)
09:45am University of Michigan Confidence (last 78.7)
10:00am Aug ISM Manufacturing (last 54.7), ISM Prices Paid (last 78.5), Jul Construction Spending (last 0.3%), Pending Home Sales (last 0.4%)
Events
August Total Vehicle Sales (last 17.2M), Domestic Vehicle Sales (last 13.2M) Bond market closes at 1PM. Fed Chief Bernanke gets honored in Dillon, SC on Ben Bernanke Day at 12:00 pm.
Earnings
Before the Open: BKRS VIP. After the Close: None Seen.
 
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 1:27 PM

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