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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, September 14, 2006

Trading levels and reports for

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
CPI and U of Michigan confidence index may help take this market out of its tight range.
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1336.10 1664.17 11702.67 741.42
Resistance 2 1332.90 1656.83 11671.33 738.33
Resistance 1 1331.10 1651.17 11647.67 736.17
Pivot 1327.90 1643.83 11616.33 733.08
Support 1 1326.10 1638.17 11592.67 730.92
Support 2 1322.90 1630.83 11561.33 727.83
Support 3 1321.10 1625.17 11537.67 725.67
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Ten Years  Dec. US Bonds 
Resistance 3 612.5000 1.2903 107 26/32 111 21/32
Resistance 2 606.4000 1.2862 107 20/32 111 12/32
Resistance 1 596.2000 1.2825 107 10/32 110 31/32
Pivot 590.1000 1.2784 107  5/32 110 22/32
Support 1 579.9000 1.2747 106 27/32 110  9/32
Support 2 573.8000 1.2706 106 21/32 110     
Support 3 563.6000 1.2669 106 11/32 109 19/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Sep 15th, 2006


Economic
08:30am Sep Empire Manufacturing (last 10.3), Aug Consumer Price Index (last 0.4%), CPI Ex Food & Energy (last 0.2%), CPI NSA (last 203.5)
09:15am Aug Industrial Production (last 0.4%), Capacity Utilization (last 82.4%)
09:45am Sep Preliminary U. of Michigan Confidence Index (last 82.0)
Events
Fed's Hoenig speaks on Federal Reserve in Colorado at 11:45am.
Earnings
Before the Open: MAG. After the Close: None.
 
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 1:22 PM

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