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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, September 25, 2006

Trading levels and reports for Sept. 26th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
We have had an impressive bounce from the lows made at 1321.50 on the SP (double bottom?) and then we backed away 4 points from the high at 1340 (double top?)
 
Will see what tomorrows reports and market action bring.
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1362.00 1722.83 11850.00 752.50
Resistance 2 1351.00 1697.67 11774.00 743.50
Resistance 1 1343.60 1681.83 11712.00 738.00
Pivot 1332.60 1656.67 11636.00 729.00
Support 1 1325.20 1640.83 11574.00 723.50
Support 2 1314.20 1615.67 11498.00 714.50
Support 3 1306.80 1599.83 11436.00 709.00
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Ten Years  Dec. US Bonds 
Resistance 3 608.9333 1.2955 109  4/32 113 29/32
Resistance 2 602.9667 1.2917 108 30/32 113 20/32
Resistance 1 599.4333 1.2866 108 24/32 113 10/32
Pivot 593.4667 1.2828 108 18/32 113  1/32
Support 1 589.9333 1.2777 108 13/32 112 23/32
Support 2 583.9667 1.2739 108  7/32 112 14/32
Support 3 580.4333 1.2688 108  1/32 112  4/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Sep 26th, 2006


Economic
10:00am Sep Consumer Confidence (last 99.6), Richmond Fed Manufacturing Index (last 3)
Events
ICSC/UBSW Chain Store Sales (7:45, last 3.9%). Redbook Retail Sales (8:55, last 3.9%). ETH, RRD analyst meetings. Citigroup Global Property conference in NYC through 9/26. UBS Global Life Sciences conference in NYC through 9/28. Fed's Bies testifies on Basel II at Senate Banking Hearing at 10:00am. ABC Consumer Confidence (last -15).
Earnings
Before the Open: ALOG LEN SRR. After the Close: DRBN FUL JBL PAYX RHAT.
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 1:45 PM

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