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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Thursday, April 27, 2006

Trading levels and reports for

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
One of the most volatile trading days we had in a long time. At times the market moved so fast that if you did not have a stop in and got caught the wrong way, it could have cost you quite a bit....
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1344.70 1787.83 11626.00 791.38
Resistance 2 1332.70 1763.42 11538.00 783.07
Resistance 1 1324.50 1746.33 11484.00 773.88
Pivot 1312.50 1721.92 11396.00 765.57
Support 1 1304.30 1704.83 11342.00 756.38
Support 2 1292.30 1680.42 11254.00 748.07
Support 3 1284.10 1663.33 11200.00 738.88
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.8348 1.2772 106 13/32 108  2/32
Resistance 2 1.8204 1.2680 106  1/32 107 19/32
Resistance 1 1.8121 1.2628 105 23/32 107  4/32
Pivot 1.7977 1.2536 105 10/32 106 21/32
Support 1 1.7894 1.2484 105      106  6/32
Support 2 1.7750 1.2392 104 20/32 105 23/32
Support 3 1.7667 1.2340 104 10/32 105  8/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Apr 28th, 2006


Economic
08:30am Q1 Advance GDP Annualized (last 1.7%), GDP Price Index (last 3.5%), Personal Consumption (last 0.9%), Employment Cost Index (last 0.8%)
09:45am Apr Final U. of Michigan Confidence (last 89.2)
10:00am Apr Chicago Purchasing Manager Index (last 60.4)
Events
Fed's Bies speaks on Risk Management in NC at 7:30am. Trades Ex-dividend: F $0.10.
Earnings
Before the Open: ATW AX APPX ARM ADP AVP BPO CVX CEG COCO CVH CMI FO GEHL HUN ICLR IDXX ITT KDN LMS LNCE MGLN MMP MOG.A NNI NIGD OLN OSTK RDWR RSG SMI SNA VMSI WLSC ZOLL. After the Close: INSU.
 
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. 
 

US Stock Futures Dn On China Rate Move,Bernanke Eyed

 =DJ UPDATE:US Stock Futures Dn On China Rate Move,Bernanke Eyed(DJ)

 
   By Steve Goldstein
 
  LONDON (Dow Jones)--U.S. stock futures fell Thursday as China's
central bank lifted interest rates and on caution ahead of
testimony from the chairman of the Federal Reserve.
  Treasury bond prices are also lower and yields are higher, as the
Chinese move plays into general concerns about tightening
liquidity across the world. The two-year yield is currently at
4.99% and the 10-year note is currently yielding 5.12%.
  However, of greater importance for U.S. markets will be the
testimony to Congress later Thursday at 10 a.m. EDT by Fed
Chairman Ben Bernanke. His testimony comes after strong data this
week - particularly on the housing market - which has prompted
investors to raise their expectations for a rate hike in June, as
well as in May.
  Dow Jones futures were recently down 44 points, S&P 500 futures
dropped 5.8 points, and Nasdaq 100 futures fell 7.5 points. A
downgrade of Dow industrials component Honeywell also may affect
sentiment.
  On Wednesday, the Dow industrials hit a new six-year high, helped
by strong data, indications from the Federal Reserve of a healthy
economy and solid earnings from Boeing Co. (BA) and PepsiCo (PEP).

  Weekly jobless claims rose by 11,000 to 315,000 in the week to
April 22, compared with an expected 2,000 gain.
  The Chinese central bank lifted its key base rate to 5.85%, the
first rise since October 2004.
  While the move could boost the yuan, HSBC strategist Richard
Yetsenga says it won't have any broader implications for foreign
exchange markets.
  "China is tightening (and only very modestly at that) to try and
control domestic liquidity," he said.
  Early in New York, the dollar is at $114.94, up a touch from
Wednesday's Y114.74. The euro is at $1.2412, down from $1.2452.
  Crude-oil futures continued to edge lower, losing 65 cents to
$71.28 a barrel.
  Thursday also will see the release of a batch of earnings,
including ExxonMobil (XOM) and Microsoft Corp. (MSFT), with
Microsoft's results coming after the close of trading.
  A number of leading companies outside the U.S., including Sony
(SNE), AstraZeneca (AZN), Siemens (SI) and Alcatel (ALA), reported
results on Thursday.
  Highlights included Sony guiding to an improving fiscal-year net
profit, and AstraZeneca lifting its earnings guidance.
  Siemens also announced a deal to buy Diagnostics Products Group
(DP) for $1.86 billion, or a 21% premium to Wednesday's close.
  Another deal had Carlson Wagonlit Travel agreeing to buy Navigant
International (FLYRE) for $510 million, or $16.50 a share, a 25%
premium to Wednesday's close. That deal is contingent on the
closing of Accor's 50% stake sale in Carlson Wagonlit Travel to
Carlson Companies and a J.P. Morgan Chase (JPM) unit for $465
million.
  MeadWestvaco (MWV) said it's agreed to buy Saint-Gobain Calmar, a
maker of plastic dispensing systems, from Saint-Gobain for $710
million in cash, in a deal that's expected to lift its earnings in
2007.
  On the analyst front, Dow component Honeywell (HON) was downgraded
to underweight from neutral by J.P. Morgan on concerns over
environmental liabilities.
  Overseas, most European markets fell sharply lower, with commodity
stocks such as miner BHP Billiton (BHP) and oil major Royal Dutch
Shell (RDSA) among the early losers.
  Asian markets had more success, with gains in Japan and South
Korea.
  -Steve Goldstein; 415-439-6456; AskNewswires@dowjones.com
  (Laurence Norman and Ilona Billington contributed to this report.)

 

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.

Wednesday, April 26, 2006

Trading levels and reports for April 27th

 
*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 1323.23 1730.33 11506.67 783.52
Resistance 2 1319.77 1725.67 11458.33 779.63
Resistance 1 1314.73 1715.33 11421.67 774.52
Pivot 1311.27 1710.67 11373.33 770.63
Support 1 1306.23 1700.33 11336.67 765.52
Support 2 1302.77 1695.67 11288.33 761.63
Support 3 1297.73 1685.33 11251.67 756.52
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.8025 1.2615 105 20/32 107 12/32
Resistance 2 1.7975 1.2564 105 16/32 107  4/32
Resistance 1 1.7915 1.2529 105 10/32 106 27/32
Pivot 1.7865 1.2478 105  6/32 106 19/32
Support 1 1.7805 1.2443 105      106 10/32
Support 2 1.7755 1.2392 104 28/32 106  2/32
Support 3 1.7695 1.2357 104 22/32 105 25/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, Apr 27th, 2006


Economic
08:30am Initial Jobless Claims (last 303K)
10:00am Mar Help Wanted Index (last 39)
10:30am Natural Gas Inventories
01:00pm Treasury's 5-year Note Auction results
Events
CRXL, INTC analyst meeting. Fed's Bernanke testifies before Joint Economic Committee of Congress in DC at 10:00am. Fed's Olson speaks on Banking Industry in Ohio at 10:30am. Fed's Kohn speaks on Business Capital Spending in NYC at 1:15pm. Trading Ex-split: BAM 3-2, PDX 2-1. Trades Ex-dividend: HCA $0.17.
Earnings
Before the Open: FLWS ASVI EYE AET AAI ACV ALA ALXN AEP ANDW ANSS APA ABI ARQL AZN AN AVT AVCT BLL BZH BMS BCRX BDK BBI BWA BOW BMY BC BBW BG CCMP CBM CAH CBS CDI CRA CELG CTL CRDN CEY CCE CMCSA CNMD CNX CAM CPO CFC DADE DPZ DOW DRRA EDO EEEE EME EC EQT EXAR XOM FSS FR BEN RAIL ROCK GR GBBK HC HET HP HSIC HURN ICOM ICTG IFLO IPCC IDC ISE ILSE IVC ESI JNS KBAY K KNDL KSWS KLIC LB LTM LIZ LKQX LYO MAPS MRO MGM MLNM MKSI TAP MPS NAFC NCI NCR NWL NFX EGOV OMX ODFL ZEUS OCR ORCT OVRL PMTI PNP PTRY PXR PNR PD PNCL PLUG POZN QLTI RVSN RRA RTN RGC RESP RAI RKT ROK R SWY SCG SMG SPAR HOT SSYS SPN SY SYPR TSM TEN TOC THI TKR TCC TPTH TWTR VDSI WMI WEN WMAR XEL XMSR. After the Close: ARDI ABAX AACE ADPT ADVS ACS ALTR AMMD ACAP APCC AGP AMIS APC ANEN BEBE BJRI BPL CACS CSH COGT CSTR COLM CTV CNXT CORI CW DECK DRIV DTAS DLB DOV EMN ELX EEP FII FBC FLEX GTW GHCI GNW GGC GTRC HLIT HIG HITT ITMN IWOV IRF ISRG IVGN KCP KND KLAC KYPH LAUR LEXR LPNT LAVA MEE MFE MRCY MMSI MET MCRS MSCC MSFT MOBE MHK MDCC MRH NWRE NTIQ NUVA ONNN OPWV PCTI PKI PHRM PFWD PLNR PLXS PGI PDE RACK RSYS RNWK ROP SCSC SMTL SIMO SSTI SPF SPRT SYMM SVR TNL USPI UHS VSEA VLCM WEBX WEBM WDC WLL ZIGO.
 
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. 
 

Tuesday, April 25, 2006

Trading levels and reports for April 26th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
11270 is a strong support level for June Dow. Break below will shift my bias to the short side, as long as we hold above it the bias is still up in my opinion.
 
LEVELS:
 
Contract (June 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1326.77 1740.67 11497.00 777.83
Resistance 2 1321.63 1731.83 11451.00 774.17
Resistance 1 1314.77 1722.67 11387.00 770.83
Pivot 1309.63 1713.83 11341.00 767.17
Support 1 1302.77 1704.67 11277.00 763.83
Support 2 1297.63 1695.83 11231.00 760.17
Support 3 1290.77 1686.67 11167.00 756.83
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.8069 1.2580 106 11/32 108 17/32
Resistance 2 1.8013 1.2532 106  3/32 108  4/32
Resistance 1 1.7952 1.2505 105 23/32 107 16/32
Pivot 1.7896 1.2457 105 15/32 107  3/32
Support 1 1.7835 1.2430 105  3/32 106 15/32
Support 2 1.7779 1.2382 104 27/32 106  2/32
Support 3 1.7718 1.2355 104 15/32 105 14/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Apr 26th, 2006


Economic
08:30am Mar Durable Goods Orders (last 2.7%), Durables Ex Transportation (last –1.2%)
10:00am Mar New Home Sales (last 1.08M)
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's 2-year Note Auction results
02:00pm Fed's Beige Book
Events
MBA Mortgage Applications (7:00, last –1.7%). Cardiovascular and Renal Drugs Advisory Committee meeting at 8:00am through 4/26. AG Edwards Media & Entertainment Conference in Las Vegas through 4/26.
Earnings
Before the Open: ABY AMG APD ALB ALGN ATI ABK AHC AHM AMT APU ABC ASH ASPM ATMI AVX BHI BLDP BDX BIIB BA BW BLDR CRR CL COP CFR DO DSPG ECA EEFT ESLR EXC FILE FAF FE FLIR FORR FCL GDI HHS HCR HMT IHP IFF IPS JNY KEA KEI KMT LEA LII LIFC LECO LSS LPX LZ MVK MNC MNST MCO FLSH NOV NSC NCX NYB ODP PMTC PEP PFCB POT PRAI PX PDS PLD RDA RGS COL RDC RES SFUN SEE SPIL SNWL S TROW TASR TDY TLAB TIN PNX TMO TUP UGI UARM UMC WAT WLP WY YCC ZBRA. During Trading Hours: BUD EGN RJF. After the Close: RNT ACTS AEA AEIS AEM AKAM ATRS DOX AMKR AMLN APPB AMCC ARBA ARRS ASIA AV BCGI BFAM BOBJ CAI CDNS ELY CALD CLS CD CTX CRUS CLF COHR CYH CNQR CVD CCI CYTC DENN DGIN DTE EPIC EPIQ ERES ESRX FIC FALC FNF FHRX FMC FORM GSIC HAR HLEX HPC IDNX INSP INGR KTO KOMG KRON LSI LMNX MXIM MXO MRN WFR MENT MTSC NABI NARA NATI NVT NTGR NETL NEWP OI PRXL PHTN PYX PSYS PHM STR QDEL RADS RARE WINS SCUR SERO SIE SIMG SKX SMSI SOHU SONO STTS SRCL SMBI TFX TLGD TSCO TRID TRLG TTMI TYL VARI WOOF VPRT GB WITS WMGI XLNX ZMH.
 
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. 
 

Monday, April 24, 2006

Trading levels and reports for April 25th

 
*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 1324.13 1740.00 11462.67 784.37
Resistance 2 1320.17 1731.50 11431.33 779.93
Resistance 1 1317.23 1725.00 11406.67 774.97
Pivot 1313.27 1716.50 11375.33 770.53
Support 1 1310.33 1710.00 11350.67 765.57
Support 2 1306.37 1701.50 11319.33 761.13
Support 3 1303.43 1695.00 11294.67 756.17
         
Contract (June 2006) British Pound Euro Ten Years  US Bonds 
Resistance 3 1.8104 1.2565 106 13/32 108 21/32
Resistance 2 1.8025 1.2513 106  7/32 108 12/32
Resistance 1 1.7965 1.2482 106  2/32 108  2/32
Pivot