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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, August 14, 2006

Trading levels and reports for August 15th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 

Fundamental Rule

“On every trade: an entry, a target, a stop…no exceptions”

 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1292.60 1540.67 11336.33 702.33
Resistance 2 1287.90 1531.83 11284.67 697.97
Resistance 1 1280.30 1516.67 11208.33 691.23
Pivot 1275.60 1507.83 11156.67 686.87
Support 1 1268.00 1492.67 11080.33 680.13
Support 2 1263.30 1483.83 11028.67 675.77
Support 3 1255.70 1468.67 10952.33 669.03
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 653.1000 1.2838 106  2/32 108 10/32
Resistance 2 648.3000 1.2815 106      108  8/32
Resistance 1 643.8000 1.2782 105 29/32 108  3/32
Pivot 639.0000 1.2759 105 27/32 108  1/32
Support 1 634.5000 1.2726 105 24/32 107 28/32
Support 2 629.7000 1.2703 105 22/32 107 26/32
Support 3 625.2000 1.2670 105 19/32 107 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Aug 15th, 2006


Economic
08:30am Aug Empire Manufacturing (last 15.6), Jul Producer Price Index (last 0.5%), PPI Ex Food & Energy (last 0.2%)
09:00am Jun Net Foreign Security Purchases (last $69.6B)
01:00pm Aug NAHB Housing Market Index (last 39)
Events
ICSC/UBSW Chain Store Sales (7:45, last 3.4%). Redbook Retail Sales (8:55, last 3.2%). ABC Consumer Confidence (last -12). Trading Ex-split: RAI 2-1. Trades Ex-dividend: AVP $0.175, MSFT $0.09.
Earnings
Before the Open: AEOS BRL BJ CTR DE DKS FOSL HD SKS SCHS SPLS STP TJX WMT. After the Close: ANF AMAT GOLF HAR LZB PBY PETM PLAB SNDA.
 
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 1:11 PM

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