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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Tuesday, September 26, 2006

Trading levels and reports for Sept. 27th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (Dec.. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1362.97 1697.50 11900.33 745.93
Resistance 2 1355.03 1687.50 11826.67 741.97
Resistance 1 1350.87 1680.50 11787.33 738.43
Pivot 1342.93 1670.50 11713.67 734.47
Support 1 1338.77 1663.50 11674.33 730.93
Support 2 1330.83 1653.50 11600.67 726.97
Support 3 1326.67 1646.50 11561.33 723.43
         
Contract (Dec. 2006) Dec. Gold Euro Dec. Ten Years  Dec. US Bonds 
Resistance 3 608.4333 1.2902 108 25/32 113 12/32
Resistance 2 603.9667 1.2861 108 22/32 113  7/32
Resistance 1 600.5333 1.2802 108 17/32 113  1/32
Pivot 596.0667 1.2761 108 14/32 112 28/32
Support 1 592.6333 1.2702 108  9/32 112 22/32
Support 2 588.1667 1.2661 108  6/32 112 17/32
Support 3 584.7333 1.2602 108  1/32 112 11/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Sep 27th, 2006


Economic
08:30am Aug Durable Goods Orders (last –2.4%), Durables Ex Transportation (last 0.5%)
10:00am Aug New Home Sales (last 1.07M)
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's 2-year Note Auction results
Events
MBA Mortgage Applications (7:00, last 2.0%). UBS Global Life Sciences conference in NYC through 9/28. Jefferies Shipping conference in NYC through 9/28. Prudential Best Ideas conference in Vermont through 9/29. RBC Capital Markets Consumer conference in Orlando through 9/28. KIM, KYPH, LEND, PACR, SAFC analyst meeting. Fed's Kroszner speaks on Productivity in NYC at 1:00pm. Trading Ex-split: FTBK 3-2. Trades Ex-dividend: OMX $0.15. Fed's Hoenig speaks on Economy in Nebraska at 8:45pm.
Earnings
Before the Open: ATU MKC WOR. After the Close: RECN.
 
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 2:16 PM

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