Cannon Trading Futures Blog: Daily Support and Resistance Levels
*To be removed, please reply with remove daytrading in subject line
Dear Trader,
Hope everyone will have a great month of trading in June!
LEVELS:
| Contract (June 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1288.50 | 1613.00 | 11323.33 | 737.75 |
| Resistance 2 | 1280.80 | 1602.50 | 11260.67 | 730.50 |
| Resistance 1 | 1276.90 | 1592.00 | 11225.33 | 726.50 |
| Pivot | 1269.20 | 1581.50 | 11162.67 | 719.25 |
| Support 1 | 1265.30 | 1571.00 | 11127.33 | 715.25 |
| Support 2 | 1257.60 | 1560.50 | 11064.67 | 708.00 |
| Support 3 | 1253.70 | 1550.00 | 11029.33 | 704.00 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Sept. Ten Years | Sept. US Bonds |
| Resistance 3 | 1.8990 | 1.2992 | 105 26/32 | 107 13/32 |
| Resistance 2 | 1.8926 | 1.2956 | 105 19/32 | 107 4/32 |
| Resistance 1 | 1.8816 | 1.2894 | 105 8/32 | 106 21/32 |
| Pivot | 1.8752 | 1.2858 | 105 1/32 | 106 12/32 |
| Support 1 | 1.8642 | 1.2796 | 104 23/32 | 105 29/32 |
| Support 2 | 1.8578 | 1.2760 | 104 16/32 | 105 20/32 |
| Support 3 | 1.8468 | 1.2698 | 104 5/32 | 105 5/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Thursday, Jun 1st, 2006
Economic
08:30am Initial Jobless Claims (last 329K), Q1 Final Nonfarm Productivity (last 3.2%), Unit Labor Costs (last 2.5%)
10:00am May ISM Manufacturing (last 57.3), ISM Prices Paid (last 71.5), Apr Construction Spending (last 0.9%), Pending Home Sales (last –1.2%)
10:30am Crude Oil/Gasoline/Distillate Inventories, Natural Gas Inventories
Events
OPEC meeting in Caracas. Same-Store Sale Reports Before the Open - including ANN ANF BEBE BJ CHRS CHS COST CVS DDS DG FDO FD GPS GES GYMB JCP JOSB JWN KSS LTD NWY PIR PLCE PSUN ROST SKS SHRP SMRT TLB TGT TJX WMT. Citigroup Semiconductor conference in Boston through 6/1. Bernstein Strategic Decisions conference in NYC through 6/2. Cowen Technology conference in NYC through 6/2. Friedman Billings Growth Investor conference in NYC through 6/1. May Total Vehicle Sales (last 16.7M); Domestic Vehicle Sales (last 13.0M). FINB replaces SRCP in S&P SmallCap 600 after the close of trading. Trading Ex-split: CNX 2-1, HES 3-1, KEX 2-1, NUE 2-1. Trades Ex-dividend: CBS $0.18.
Earnings
Before the Open: BTH BF.B CIEN CONN DG HNZ JTX MOV NCS. After the Close: BBOX ESL KWD PLL TUTR NX SEAC WIND.
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,
Treasury Secretary Snows' resignation sparked a large sell off to start the day and continue the bearish tone of the markets.
If you are trading bonds/ ten years etc. Starting tomorrow, you need to trade the September contract. Stock index traders (ES, NQ, ER2, YM) and currencies will get a later notice for roll over for this contracts. (June 8th)
LEVELS:
| Contract (June 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1292.10 | 1624.00 | 11366.00 | 741.93 |
| Resistance 2 | 1285.40 | 1613.00 | 11312.00 | 735.47 |
| Resistance 1 | 1272.70 | 1591.50 | 11208.00 | 723.43 |
| Pivot | 1266.00 | 1580.50 | 11154.00 | 716.97 |
| Support 1 | 1253.30 | 1559.00 | 11050.00 | 704.93 |
| Support 2 | 1246.60 | 1548.00 | 10996.00 | 698.47 |
| Support 3 | 1233.90 | 1526.50 | 10892.00 | 686.43 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.9260 | 1.3155 | 105 24/32 | 107 8/32 |
| Resistance 2 | 1.9069 | 1.3041 | 105 21/32 | 107 4/32 |
| Resistance 1 | 1.8954 | 1.2963 | 105 17/32 | 106 29/32 |
| Pivot | 1.8763 | 1.2849 | 105 14/32 | 106 25/32 |
| Support 1 | 1.8648 | 1.2771 | 105 10/32 | 106 18/32 |
| Support 2 | 1.8457 | 1.2657 | 105 7/32 | 106 14/32 |
| Support 3 | 1.8342 | 1.2579 | 105 3/32 | 106 7/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, May 31st, 2006
Economic
10:00am May Chicago Purchasing Manager (last 57.2)
02:00pm Minutes of May 10 FOMC Meeting
Events
MBA Mortgage Applications (7:00, last –6.0%). Fed's Geithner speaks at Financial Services Forum in NYC at 7:45am. ICSC/UBSW Chain Store Sales (7:45, last 3.6%). Redbook Retail Sales (8:55, last 3.3%). ADP Employment Report at 8:15am. Bear Stearns Biotech Conference in Boston. Citigroup Semiconductor conference in Boston through 6/1. Bernstein Strategic Decisions conference in NYC through 6/2. Cowen Technology conference in NYC through 6/2. Friedman Billings Growth Investor conference in NYC through 6/1. Same-Store Sales After the Close - AEOS ARO HOTT MW ZUMZ. Trading Ex-split: TLM 3-1, UMBF 2-1. Trades Ex-dividend: AIG $0.165, BAC $0.50, EP $0.04, MRK $0.38.
Earnings
Before the Open: COST GMTN PORK TIF. After the Close: ADCT DBRN GEF HOV NAVR NOVL 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,
Hope everyone enjoyed their long weekend and are fresh for our short trading week.
LEVELS:
| Contract (June 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1294.33 | 1626.00 | 11401.67 | 740.83 |
| Resistance 2 | 1288.67 | 1618.50 | 11353.33 | 736.67 |
| Resistance 1 | 1285.73 | 1614.00 | 11326.67 | 734.33 |
| Pivot | 1280.07 | 1606.50 | 11278.33 | 730.17 |
| Support 1 | 1277.13 | 1602.00 | 11251.67 | 727.83 |
| Support 2 | 1271.47 | 1594.50 | 11203.33 | 723.67 |
| Support 3 | 1268.53 | 1590.00 | 11176.67 | 721.33 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.8963 | 1.2954 | 106 4/32 | 107 29/32 |
| Resistance 2 | 1.8870 | 1.2903 | 105 29/32 | 107 18/32 |
| Resistance 1 | 1.8721 | 1.2821 | 105 24/32 | 107 9/32 |
| Pivot | 1.8628 | 1.2770 | 105 17/32 | 106 30/32 |
| Support 1 | 1.8479 | 1.2688 | 105 13/32 | 106 21/32 |
| Support 2 | 1.8386 | 1.2637 | 105 6/32 | 106 10/32 |
| Support 3 | 1.8237 | 1.2555 | 105 1/32 | 106 1/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Tuesday, May 30th, 2006
Economic
10:00am May Consumer Confidence (last 109.6)
Events
ABC Consumer Confidence (last -19). Trades Ex-dividend: EK $0.25, HAL $0.15, HIG $0.40, K $0.291, LTD $0.15, SLE $0.1975.
Earnings
Before the Open: None. After the Close: CA MCDTA SMTC.
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,
Nice bounce on the market as volatility died out a bit. Feels like some may already started their Memorial day weekend....
I hope everyone will enjoy their long weekend, have a safe one!
LEVELS:
| Contract (June 2006) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1291.67 | 1642.25 | 11329.33 | 744.08 |
| Resistance 2 | 1283.73 | 1626.00 | 11279.67 | 736.17 |
| Resistance 1 | 1279.37 | 1615.50 | 11252.33 | 731.83 |
| Pivot | 1271.43 | 1599.25 | 11202.67 | 723.92 |
| Support 1 | 1267.07 | 1588.75 | 11175.33 | 719.58 |
| Support 2 | 1259.13 | 1572.50 | 11125.67 | 711.67 |
| Support 3 | 1254.77 | 1562.00 | 11098.33 | 707.33 |
| | | | | |
| Contract (June 2006) | British Pound | Euro | Ten Years | US Bonds |
| Resistance 3 | 1.8844 | 1.2915 | 106 3/32 | 107 27/32 |
| Resistance 2 | 1.8798 | 1.2877 | 105 30/32 | 107 20/32 |
| Resistance 1 | 1.8762 | 1.2843 | 105 23/32 | 107 8/32 |
| Pivot | 1.8716 | 1.2805 | 105 18/32 | 107 1/32 |
| Support 1 | 1.8680 | 1.2771 | 105 11/32 | 106 21/32 |
| Support 2 | 1.8634 | 1.2733 | 105 6/32 | 106 14/32 |
| Support 3 | 1.8598 | 1.2699 | 104 31/32 | 106 2/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Friday, May 26th, 2006
Economic
08:30am Apr Personal Income (last 0.5%), Personal Spending (last 0.6%), PCE Core (last 0.3%)
09:45am May Final U. of Michigan Confidence (last 79.0)
01:00pm Bond Market Association recommend early close in pit (electronic at 2:00pm)
Events
ECB's Papademos speaks at Euro-dollar conference in St. Louis at 4:00pm.
Earnings
Before the Open: ASHW. 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 Lev
