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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, September 05, 2006

Trading levels and reports for

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Another choppy day with less than 7 SP points from high to low.
 
Hoping that The rest of September will be a bit more volatile with better ranges to snap out the summer trading enviroment we are in.
 
Remember: On every trade - Know your entry, have a target and a stop. No Exceptions!
 
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1323.53 1641.00 11562.00 738.67
Resistance 2 1319.97 1624.50 11531.00 733.83
Resistance 1 1317.13 1615.00 11507.00 731.17
Pivot 1313.57 1598.50 11476.00 726.33
Support 1 1310.73 1589.00 11452.00 723.67
Support 2 1307.17 1572.50 11421.00 718.83
Support 3 1304.33 1563.00 11397.00 716.17
         
Contract (Sept 2006) Dec. Gold Euro Dec. Ten Years  Dec. US Bonds 
Resistance 3 658.7667 1.2952 107 15/32 111  9/32
Resistance 2 653.6333 1.2918 107 12/32 111  4/32
Resistance 1 650.2667 1.2873 107  8/32 110 25/32
Pivot 645.1333 1.2839 107  5/32 110 20/32
Support 1 641.7667 1.2794 107  1/32 110  9/32
Support 2 636.6333 1.2760 106 30/32 110  4/32
Support 3 633.2667 1.2715 106 26/32 109 25/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Sep 5th, 2006


Economic
None
Events
Citigroup Global Technology conference in NYC through 9/8. ALTR mid-Q update. ABC Consumer Confidence (last -19). Trading Ex-split: CHAP 2-1. Trades Ex-dividend: HD $0.15.
Earnings
Before the Open: None. After the Close: DCI FNSR HAIN.
 
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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