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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, August 28, 2006

Trading levels and reports for August 29th

 
*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 1321.03 1601.33 11531.33 721.17
Resistance 2 1314.27 1590.67 11470.67 715.28
Resistance 1 1309.13 1580.83 11416.33 711.77
Pivot 1302.37 1570.17 11355.67 705.88
Support 1 1297.23 1560.33 11301.33 702.37
Support 2 1290.47 1549.67 11240.67 696.48
Support 3 1285.33 1539.83 11186.33 692.97
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 641.1000 1.2905 107  5/32 110 16/32
Resistance 2 636.5000 1.2871 107  2/32 110 10/32
Resistance 1 630.2000 1.2838 107      110  7/32
Pivot 625.6000 1.2804 106 29/32 110  1/32
Support 1 619.3000 1.2771 106 27/32 109 30/32
Support 2 614.7000 1.2737 106 24/32 109 24/32
Support 3 608.4000 1.2704 106 22/32 109 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Aug 29th, 2006


Economic
10:00am Aug Consumer Confidence (last 106.5)
01:00pm Treasury's $22B 2-year note auction results
02:00pm Release of 8/8 FOMC Minutes
Events
ICSC/UBSW Chain Store Sales (7:45, last-0.2%w/w). Redbook Retail Sales (8:55, last +0.3%m/m). ABC Consumer Confidence (last –14). Advisory Committee for Reproductive Health Drugs meets at 8:00am. Obstetrics and Gynecology Devices Panel of the Medical Devices Advisory committee meets 8:00am. Science Advisory Board to the National Center for Toxicological Research meets 8:30am. NLC Investor Day. Dallas Fed President Fisher speaks at luncheon in San Antonio 1:30pm. Trading Ex-split: RNST 3:2. Trades Ex-dividend: LTD $0.15.
Earnings
Before the Open: COCO KIRK RTLX SAFM SCMR. After the Close: ADCT DY MCRS UEPS NOVL SMTC SIGM.
 
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 1:25 PM

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