Cannon Trading Co. Inc.
We believe. The next frontier in futures trading.
Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, September 18, 2006

Trading levels and reports for Sept. 19th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Choppy action before FOMC Wednesday. Hope everyone will enjoy a good trading week.
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1344.47 1681.00 11750.67 749.27
Resistance 2 1340.43 1672.00 11715.33 744.63
Resistance 1 1337.07 1662.50 11682.67 740.07
Pivot 1333.03 1653.50 11647.33 735.43
Support 1 1329.67 1644.00 11614.67 730.87
Support 2 1325.63 1635.00 11579.33 726.23
Support 3 1322.27 1625.50 11546.67 721.67
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Ten Years  Dec. US Bonds 
Resistance 3 606.8000 1.2873 107 11/32 111  5/32
Resistance 2 600.6000 1.2824 107  4/32 110 26/32
Resistance 1 596.7000 1.2795 107      110 17/32
Pivot 590.5000 1.2746 106 25/32 110  6/32
Support 1 586.6000 1.2717 106 20/32 109 29/32
Support 2 580.4000 1.2668 106 13/32 109 18/32
Support 3 576.5000 1.2639 106  9/32 109  9/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Sep 19th, 2006


Economic
08:30am Aug Producer Price Index (last 0.1%), PPI Ex Food & Energy (last –0.3%), Housing Starts (last 1.80M), Building Permits (last 1.76M)
Events
ICSC/UBSW Chain Store Sales (7:45, last 3.6%). Redbook Retail Sales (8:55, last 3.8%). Transmissible Spongiform Encephalopathies Advisory Committee meets at 8:00am. Orthopaedic and Rehabilitation Devices Panel of the Medical Devices Advisory Committee meets at 8:00am. BofA Fall Investor Conference in SF through 9/21. UBS Global Paper and Forest Products conference in NYC through 9/20. Goldman Sachs Communacopia conference in NYC through 9/20. ABC Consumer Confidence (last -13).
Earnings
Before the Open: AZO CBRL FDS GGXY MCS. After the Close: CHAP CBK CKR DRI ORCL.
 
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 1:21 PM

0 Comments:

Post a Comment

<< Home