Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
LEVELS:
| Contract (June 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1329.30 | 1716.83 | 11512.67 | 766.83 |
| Resistance 2 | 1322.60 | 1706.67 | 11456.33 | 758.92 |
| Resistance 1 | 1318.70 | 1699.33 | 11420.67 | 753.83 |
| Pivot | 1312.00 | 1689.17 | 11364.33 | 745.92 |
| Support 1 | 1308.10 | 1681.83 | 11328.67 | 740.83 |
| Support 2 | 1301.40 | 1671.67 | 11272.33 | 732.92 |
| Support 3 | 1297.50 | 1664.33 | 11236.67 | 727.83 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.7578 | 1.2216 | 107 19/32 | 111 14/32 |
| Resistance 2 | 1.7553 | 1.2198 | 107 16/32 | 111 9/32 |
| Resistance 1 | 1.7522 | 1.2168 | 107 12/32 | 111 2/32 |
| Pivot | 1.7497 | 1.2150 | 107 10/32 | 110 29/32 |
| Support 1 | 1.7466 | 1.2120 | 107 6/32 | 110 22/32 |
| Support 2 | 1.7441 | 1.2102 | 107 3/32 | 110 17/32 |
| Support 3 | 1.7410 | 1.2072 | 106 31/32 | 110 10/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, March 23, 2006
Economic
08:30am Initial Jobless Claims (last 309K)
10:00am Feb Existing Home Sales (last 6.56M)
10:30am Natural Gas Inventories
11:00am Treasury's 2-year and 5-year funding announcements
Events
Psychopharmacologic Drugs Advisory Committee meeting at 8:00am. BMET, DNR, NVDA, UBET analyst meetings. Trading Ex-split: RJF 3-2.
Earnings
Before the Open: APOL CAG CCL FDO FRED GIS SCHL. After the Close: COMS AIRN EGLS FINL PALM SLR SNX WTSLA.
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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
LEVELS:
| Contract (June 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1332.77 | 1756.83 | 11500.00 | 766.43 |
| Resistance 2 | 1327.03 | 1742.17 | 11455.00 | 760.97 |
| Resistance 1 | 1317.27 | 1716.33 | 11386.00 | 750.43 |
| Pivot | 1311.53 | 1701.67 | 11341.00 | 744.97 |
| Support 1 | 1301.77 | 1675.83 | 11272.00 | 734.43 |
| Support 2 | 1296.03 | 1661.17 | 11227.00 | 728.97 |
| Support 3 | 1286.27 | 1635.33 | 11158.00 | 718.43 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.7670 | 1.2304 | 108 5/32 | 112 5/32 |
| Resistance 2 | 1.7625 | 1.2268 | 107 30/32 | 111 25/32 |
| Resistance 1 | 1.7557 | 1.2213 | 107 19/32 | 111 8/32 |
| Pivot | 1.7512 | 1.2177 | 107 12/32 | 110 28/32 |
| Support 1 | 1.7444 | 1.2122 | 107 1/32 | 110 11/32 |
| Support 2 | 1.7399 | 1.2086 | 106 26/32 | 109 31/32 |
| Support 3 | 1.7331 | 1.2031 | 106 15/32 | 109 14/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, March 22, 2006
Economic
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last –0.2%). Pediatric Advisory Committee meeting at 8:00am. Merrill Lynch Retailing Leaders Conference in NYC through 3/22. JPMorgan Gaming/Lodging Conference in Las Vegas through 3/22. ZMH Analyst meeting. Trades Ex-dividend: HNZ $0.30.
Earnings
Before the Open: AIR ATU FDX FBST IPG MS WOR. After the Close: ADBE ESIO MLHR JBL KBH 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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Markets were almost on hold today as most traders will look for some clues regarding rates later on tonight:
Fed's Bernanke speaks on Yield Curve and Monetary Policy in NYC at 7:00pm eastern time.
LEVELS:
| Contract (June 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1326.43 | 1724.33 | 11441.33 | 758.83 |
| Resistance 2 | 1323.47 | 1719.17 | 11415.67 | 755.67 |
| Resistance 1 | 1319.43 | 1712.33 | 11386.33 | 752.83 |
| Pivot | 1316.47 | 1707.17 | 11360.67 | 749.67 |
| Support 1 | 1312.43 | 1700.33 | 11331.33 | 746.83 |
| Support 2 | 1309.47 | 1695.17 | 11305.67 | 743.67 |
| Support 3 | 1305.43 | 1688.33 | 11276.33 | 740.83 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.7673 | 1.2311 | 108 4/32 | 112 |
| Resistance 2 | 1.7639 | 1.2287 | 107 31/32 | 111 24/32 |
| Resistance 1 | 1.7613 | 1.2262 | 107 26/32 | 111 17/32 |
| Pivot | 1.7579 | 1.2238 | 107 21/32 | 111 9/32 |
| Support 1 | 1.7553 | 1.2213 | 107 16/32 | 111 2/32 |
| Support 2 | 1.7519 | 1.2189 | 107 11/32 | 110 26/32 |
| Support 3 | 1.7493 | 1.2164 | 107 6/32 | 110 19/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, March 21, 2006
Economic
08:30am Feb Producer Price Index (last 0.3%), PPI Ex Food & Energy (last 0.4%)
Events
ICSC/UBSW Chain Store Sales (7:45, last 4.0%). Redbook Retail Sales (8:55, last 2.5%). Piper Jaffray Financial Services conference in NYC through 3/21. Merrill Lynch Retailing Leaders Conference in NYC through 3/22. JPMorgan Gaming/Lodging Conference in Las Vegas through 3/22. ALO, CD, HMA, ISPH, LXP, RTIX analyst meetings. ABC Consumer Confidence (last -8).
Earnings
Before the Open: BMET CMC DG FDS GME MKC PERY PRGS. After the Close: ANGO DRI FSII MCS NKE SIGM.
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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
LEVELS:
| Contract (June 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1325.30 | 1728.00 | 11425.33 | 758.58 |
| Resistance 2 | 1322.90 | 1719.50 | 11397.67 | 755.67 |
| Resistance 1 | 1320.30 | 1712.00 | 11375.33 | 752.83 |
| Pivot | 1317.90 | 1703.50 | 11347.67 | 749.92 |
| Support 1 | 1315.30 | 1696.00 | 11325.33 | 747.08 |
| Support 2 | 1312.90 | 1687.50 | 11297.67 | 744.17 |
| Support 3 | 1310.30 | 1680.00 | 11275.33 | 741.33 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.7678 | 1.2358 | 107 28/32 | 111 23/32 |
| Resistance 2 | 1.7638 | 1.2318 | 107 25/32 | 111 17/32 |
| Resistance 1 | 1.7610 | 1.2289 | 107 21/32 | 111 10/32 |
| Pivot | 1.7570 | 1.2249 | 107 18/32 | 111 4/32 |
| Support 1 | 1.7542 | 1.2220 | 107 14/32 | 110 29/32 |
| Support 2 | 1.7502 | 1.2180 | 107 11/32 | 110 23/32 |
| Support 3 | 1.7474 | 1.2151 | 107 7/32 | 110 16/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Monday, March 20, 2006
Economic
10:00am Feb Leading Indicators (last 1.1%)
Events
LRCX, XTEX Analyst meeting. Piper Jaffray Financial Services conference in NYC through 3/21. Fed's Minehan speaks about the Economy in Boston at 11:00am. Fed's Yellen speaks in NV at 12:10pm. Fed's Bernanke speaks on Yield Curve and Monetary Policy in NYC at 7:00pm. Trading Ex-split: WBSN 2-1.
Earnings
Before the Open: CRZO ROC WSM. After the Close: AMHC BBA ORCL PVH SHFL SONC.
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.
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
LEVELS:
| Contract (June 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1326.70 | 1740.17 | 11452.00 | 759.23 |
| Resistance 2 | 1324.00 | 1731.33 | 11406.00 | 756.87 |
| Resistance 1 | 1320.40 | 1715.67 | 11375.00 | 752.43 |
| Pivot | 1317.70 | 1 |
