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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, September 19, 2006

Trading levels and reports for

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
FOMC tomorrow and I hope to send some tips about trading during FOMC days tomorrow morning.
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1345.50 1687.33 11763.33 754.77
Resistance 2 1339.50 1672.17 11711.67 745.63
Resistance 1 1335.00 1657.33 11668.33 738.77
Pivot 1329.00 1642.17 11616.67 729.63
Support 1 1324.50 1627.33 11573.33 722.77
Support 2 1318.50 1612.17 11521.67 713.63
Support 3 1314.00 1597.33 11478.33 706.77
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Ten Years  Dec. US Bonds 
Resistance 3 596.9667 1.2859 108  6/32 112 10/32
Resistance 2 594.1333 1.2824 107 26/32 111 24/32
Resistance 1 588.6667 1.2783 107 19/32 111 13/32
Pivot 585.8333 1.2748 107  7/32 110 27/32
Support 1 580.3667 1.2707 107      110 16/32
Support 2 577.5333 1.2672 106 20/32 109 30/32
Support 3 572.0667 1.2631 106 13/32 109 19/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Sep 20th, 2006


Economic
10:30am Crude Oil/Gasoline/Distillate Inventories
02:15pm FOMC Rate Decision Expected
Events
MBA Mortgage Applications (7:00, last 3.2%). ADI, CAH, CGT DE, FDC, PHG Analyst meetings. 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. AG Edwards Emerging Growth conference in NYC. Trading Ex-dividend: HNZ $0.35.
Earnings
Before the Open: AIR BMET KMX CC MS POSS SCS. After the Close: APOG BBBY CTAS CMTL DMND DDMX MLHR XRTX.
 
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 1:36 PM

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