Cannon Trading Futures Blog: Daily Support and Resistance Levels Blog: May 2006

Trading levels and reports for June 1st

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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.

Trading levels and reports for for May 31st

*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.

Trading levels and reports for May 30h

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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.

Trading levels and reports for May 26th

*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....

For holiday trading hours, please visit: http://www.cannontrading.com/news/newsletter.php#one

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 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.

SP + Bonds swing trades - sent May 25th

*To be removed, please reply with UNSUBSCRIBE model trading in subject line

Please read the FULL DISCLAIMER at the end of this message. These are risky markets and it is important that you will be aware of all risks of trading futures and limitations of hypothetical trading.

Dear Trader Date: May 25, 2006

Today's Trades:

On our computerized model

Mini SP

Long 1270

Trade still open

Bonds

Short 107.03

Trade still open

Open Positions:

Mini SP:

Long

Bonds:

Short

Results (from 01-01-06): Based on trading 1 contract and starting with $15,000 of risk capital

Because the excel file is getting heavier and heavier, I will just post the latest Hypothetical account balance which includes commissions but may not include slippage.

Running balance for closed trades as of today is $13,418

Disclaimer:

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCONTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

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 are 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.

Trading levels and reports for May 25th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

Some big reports tomorrow.

Recent days/ weeks volatility is the highest I have seen in the last 2 years. I encourage you to trade with stops. The market moves so fast at times that you can get caught "frozen" and lose most of your trading capital if not all in one trading day.

LEVELS:

Contract (June 2006)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1289.13	1631.67	11341.67	744.50
Resistance 2	1277.97	1611.83	11263.33	731.80
Resistance 1	1269.33	1598.17	11201.67	722.40
Pivot	1258.17	1578.33	11123.33	709.70
Support 1	1249.53	1564.67	11061.67	700.30
Support 2	1238.37	1544.83	10983.33	687.60
Support 3	1229.73	1531.17	10921.67	678.20

Contract (June 2006)	British Pound	Euro	Ten Years	US Bonds
Resistance 3	1.9071	1.3057	106 14/32	108 15/32
Resistance 2	1.8976	1.2988	106 9/32	108 5/32
Resistance 1	1.8849	1.2889	106	107 23/32
Pivot	1.8754	1.2820	105 27/32	107 13/32
Support 1	1.8627	1.2721	105 19/32	106 31/32
Support 2	1.8532	1.2652	105 14/32	106 21/32
Support 3	1.8405	1.2553	105 5/32	106 7/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Thursday, May 25th, 2006

Economic

08:30am Initial Jobless Claims (last 367K), Q1 Preliminary GDP Annualized (last 4.8%), GDP Price Index (last 3.3%), Personal Consumption (last 5.5%), Core PCE (last 2.0%)

10:00am Apr Existing Home Sales (last 6.92M), Help Wanted Index (last 38)

10:30am Natural Gas Inventories

01:00pm Treasury's 5-year Note auction results

Events

LSTR, SUPG, VRSN Analyst meetings. Goldman Sachs Basic Materials conference in NYC through 5/25. UBS Global Oil and Gas Conference in Austin through 5/25. Goldman Sachs Internet conference in Las Vegas through 5/25. BKMU replaces SVC in S&P SmallCap 600 after the close of trading. Fed's Olson speaks on Community Development in DC at 5:00pm. Trades Ex-dividend: ATI $0.10, JNJ $0.375.

Earnings

Before the Open: BLI BWS FLO HRL JOYG PDCO PDC RL SAFM TTC UNFI. After the Close: AGIL CHS CMOS CYBX DITC FRNT.

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.

Trading levels and reports for May 24th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

The market is taking more and more of a bearish tone as rallies keep failing. The nice thing about the market in the last few weeks is that volatility is picking up which allows more room for day-traders. However, the increased volatility while provides better day-trading ranges, also holds much more risk. Use SOUND MONEY MANAGEMENT so you can survive in this tough trading game.

LEVELS:

Contract (June 2006)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1293.37	1638.92	11331.67	745.10
Resistance 2	1284.93	1622.83	11278.33	737.30
Resistance 1	1268.87	1595.67	11171.67	722.10
Pivot	1260.43	1579.58	11118.33	714.30
Support 1	1244.37	1552.42	11011.67	699.10
Support 2	1235.93	1536.33	10958.33	691.30
Support 3	1219.87	1509.17	10851.67	676.10

Contract (June 2006)	British Pound	Euro	Ten Years	US Bonds
Resistance 3	1.8998	1.2974	105 25/32	107 16/32
Resistance 2	1.8946	1.2938	105 22/32	107 10/32
Resistance 1	1.8888	1.2900	105 20/32	107 5/32
Pivot	1.8836	1.2864	105 17/32	106 31/32
Support 1	1.8778	1.2826	105 14/32	106 26/32
Support 2	1.8726	1.2790	105 11/32	106 20/32
Support 3	1.8668	1.2752	105 9/32	106 15/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Wednesday, May 24th, 2006

Economic

08:30am Apr Durable Goods Orders (last 6.5%), Durables Ex Transportation (last 3.1%)

09:00am Bank of Canada rate announcement

10:00am Apr New Home Sales (last 1.21M)

10:30am Crude Oil/Gasoline/Distillate Inventories

01:00pm Treasury's 2-year Note auction results

Events

MBA Mortgage Applications (7:00, last 4.6%). CVS, MXIM Analyst meeting. JPMorgan Technology conference in SF through 5/24. Morgan Stanley Media/Communications conference in DC through 5/24. UBS Enterprise Technology conference in NYC through 5/24. Goldman Sachs Basic Materials conference in NYC through 5/25. UBS Global Oil and Gas Conference in Austin through 5/25. Goldman Sachs Internet conference in Las Vegas through 5/25. Fed's Kroszner speaks to Journalists in DC at 11:45am.

Earnings

Before the Open: AZO DAKT DLTR EV FRED PSS POSS SYNO WSM. After the Close: BCSI CWTR CNVR DCI JLG MIK NTAP OPSW PETC PSSI NCTY TIVO.

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.

Trading levels and reports for May 23rd

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

Volatility continues to dominate the market along with the bear camp....

LEVELS:

Contract (June 2006)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1287.60	1623.67	11325.67	738.33
Resistance 2	1279.80	1612.08	11261.33	730.17
Resistance 1	1270.90	1599.17	11192.67	723.08
Pivot	1263.10	1587.58	11128.33	714.92
Support 1	1254.20	1574.67	11059.67	707.83
Support 2	1246.40	1563.08	10995.33	699.67
Support 3	1237.50	1550.17	10926.67	692.58

Contract (June 2006)	British Pound	Euro	Ten Years	US Bonds
Resistance 3	1.9218	1.3153	106 8/32	108 8/32
Resistance 2	1.9056	1.3032	106 4/32	108 1/32
Resistance 1	1.8964	1.2959	105 30/32	107 20/32
Pivot	1.8802	1.2838	105 26/32	107 13/32
Support 1	1.8710	1.2765	105 20/32	107
Support 2	1.8548	1.2644	105 16/32	106 25/32
Support 3	1.8456	1.2571	105 10/32	106 12/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Tuesday, May 23rd, 2006

Economic

10:00am May Richmond Fed Manufacturing Index (last 18)

Events

ICSC/UBSW Chain Store Sales (7:45, last 3.7%). Redbook Retail Sales (8:55, last 3.3%). GTRC, HIG, MNRO, PBR, WHR Analyst meeting. Radiological Devices Panel of the Medical Devices Advisory Committee meets at 9:30am. Fed's Bernanke, Treasury's Snow and SEC's Cox will testify in front of Senate Banking Committee on financial literacy at 10:00am. JPMorgan Technology conference in SF through 5/24. Lehman Worldwide Wireless/Wireline conference in NYC through 5/23. Morgan Stanley Media/Communications conference in DC through 5/24. UBS Enterprise Technology conference in NYC through 5/24. Goldman Sachs Basic Materials conference in NYC through 5/25. UBS Global Oil and Gas Conference in Austin through 5/25. ABC Consumer Confidence (last -17). Trading Ex-split: CMC 2-1, TTI 2-1.

Earnings

Before the Open: CBRL MNRO PERY SCMR TECD TOL. After the Close: BGP CSC DY MDT PHHM PVH 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.

Trading levels and reports for May 22nd

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

The market is opening lower on the back of overseas weakness. International/emerging markets

continue to liquidate. Asset allocation to theses markets has been extremely strong this year. It is

difficult to game when the liquidation or unwind will end. Indian shares came sharply off their low

(down 10% at one point and finished off about 3.5%) hinting that the sell off may be near an end, but the

Nike Nikkei finished on its low. At the corporate level, the market will have to chew through the Master

Card and Vonage IPOs. Supply will be difficult to absorb in the current environment. Overnight news

is not inspiring, although there are a host of friendly analyst comments. Watch the following: 1)

Internet: Both YHOO and GOOG get favorable comments in one form or another. 2) Retail – LOW

posted strong results, but analyst comments on housing are cool and a niche firm is cool toward BBY.

3) Financials – BKX is in support about 108, but brokers are vulnerable to more selling on weak

overseas markets. These names need to stabilize or rally to confirm the selling is exhausted. 4)

Transport names get friendly analyst comments, but lower commodities are no help to the bull case.

Looking to bottom fish here, but do so carefully. SPM6 has decent support 1255 to 1260. Risk a 30

minute close under 1250 and target a robust retracement rally. Best guess for today’s range: 1255 to

1278.

Copyright by Man Financial Inc, 550 West Jackson Blvd., Chicago, IL 60661. The information contained in this report has been taken from trade and statistical

services and other sources which we believe are reliable. Man Financial Inc does not guarantee that such information is accurate or complete and it should

not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice. The principals of Man Financial

Inc and others associated or affiliated with it may recommend or have positions which may not be consistent with the recommendations made. Each of these

persons exercises independent judgment in trading, and readers are urged to exercise their own judgment in trading.

LEVELS:

Contract (June 2006)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1295.03	1646.50	11330.00	747.17
Resistance 2	1285.27	1628.75	11268.00	737.43
Resistance 1	1278.03	1617.00	11224.00	731.47
Pivot	1268.27	1599.25	11162.00	721.73
Support 1	1261.03	1587.50	11118.00	715.77
Support 2	1251.27	1569.75	11056.00	706.03
Support 3	1244.03	1558.00	11012.00	700.07

Contract (June 2006)	British Pound	Euro	Ten Years	US Bonds
Resistance 3	1.9200	1.3062	106 6/32	108 9/32
Resistance 2	1.9082	1.2976	106	107 28/32
Resistance 1	1.8945	1.2890	105 25/32	107 17/32
Pivot	1.8827	1.2804	105 19/32	107 4/32
Support 1	1.8690	1.2718	105 12/32	106 25/32
Support 2	1.8572	1.2632	105 6/32	106 12/32
Support 3	1.8435	1.2546	104 31/32	106 1/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Monday, May 22nd, 2006

Economic

11:00am Treasury's 2-year and 5-year Note funding announcements

Events

Fed's Minehan gives Welcome Remarks at Housing conference in Boston at 8:30am. BLUD, HLIT Analyst meeting. JPMorgan Technology conference in SF through 5/24. Lehman Worldwide Wireless/Wireline conference in NYC through 5/23. Fed's Fisher speaks to Business Group in Dallas at 1:00pm.

Earnings

Before the Open: AGYS CPB LOW PACT. After the Close: APSG MNT PAY 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.

Trading levels and reports for May 19th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

The bearish feeling is getting stronger and stronger...1263 is a very big support on the SP and with tomorrow being Friday it will be a cruicial level to watch for clues on the direction of this market.

LEVELS:

Contract (June 2006)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1289.77	1637.17	11375.00	745.80
Resistance 2	1283.83	1627.58	11325.00	740.00
Resistance 1	1273.57	1611.17	11235.00	729.00
Pivot	1267.63	1601.58	11185.00	723.20
Support 1	1257.37	1585.17	11095.00	712.20
Support 2	1251.43	1575.58	11045.00	706.40
Support 3	1241.17	1559.17	10955.00	695.40

Contract (June 2006)	British Pound	Euro	Ten Years	US Bonds
Resistance 3	1.9117	1.3004	106 6/32	108 10/32
Resistance 2	1.9032	1.2934	105 28/32	107 21/32
Resistance 1	1.8970	1.2891	105 22/32	107 8/32
Pivot	1.8885	1.2821	105 12/32	106 19/32
Support 1	1.8823	1.2778	105 6/32	106 6/32
Support 2	1.8738	1.2708	104 28/32	105 17/32
Support 3	1.8676	1.2665	104 22/32	105 4/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Friday, May 19th, 2006

Economic

None Seen

Events

Vaccines and Related Biological Products Advisory Committee meets at 9:00am through 5/19. Bear Stearns Mortgage Finance/Housing Markets Conference in NYC through 5/19. Fed's Geithner speaks to Bond Market Association in NYC at 1:30pm. Trading Ex-split: CORS 2-1, PGR 4-1.

Earnings

Before the Open: ASEI /b>ANN KIRK TNP. 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 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.

Trading levels and reports for May 18th

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

Be careful of the increased volatility. Learn to set yourself with a "daily loss limit" to prevent a case where you are having a bad trading day and your losses accumulate much more than you were willing to allow because you were trading with emotions and not discipline. Use of stops is highly recommended as markets move vary fast at times. Good trading.

LEVELS:

Contract (June 2006)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1306.57	1643.67	11664.33	747.27
Resistance 2	1299.13	1634.33	11569.67	742.48
Resistance 1	1284.57	1619.67	11390.33	734.37
Pivot	1277.13	1610.33	11295.67	729.58
Support 1	1262.57	1595.67	11116.33	721.47
Support 2	1255.13	1586.33	11021.67	716.68
Support 3	1240.57	1571.67	10842.33	708.57

Contract (June 2006)	British Pound	Euro	Ten Years	US Bonds
Resistance 3	1.9239	1.3132	105 24/32	107 2/32
Resistance 2	1.9137	1.3041	105 16/32	106 22/32
Resistance 1	1.8989	1.2911	105 8/32	106 9/32
Pivot	1.8887	1.2820	105	105 29/32
Support 1	1.8739	1.2690	104 24/32	105 16/32
Support 2	1.8637	1.2599	104 16/32	105 4/32
Support 3	1.8489	1.2469	104 8/32	104 23/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Thursday, May 18th, 2006

Economic

08:30am Initial Jobless Claims (last 324K)

10:00am Apr Leading Indicators (last –0.1%)

10:30am Natural Gas Inventories

12:00am May Philadelphia Fed (last 13.2)

Events

Fed's Warsh lead panel at Hedge Fund conference at 8:30am. Fed's Moskow gives Welcome Remarks at Banking conference at 9:15am. Fed's Bernanke speak at Banking Conference in Chicago at 9:30am. Vaccines and Related Biological Products Advisory Committee meets at 9:00am through 5/19. BofA Healthcare Conference in Nevada through 5/18. Bear Stearns Mortgage Finance/Housing Markets Conference in NYC through 5/19. Fed's Lacker speaks at Bank Conference in Virginia at 10:45am. Fed's Guynn speak at Hedge Fund conference in Georgia at 11:45am. Fed's Poole speaks on Yield-Curve Inversion in Philadelphia at 11:45am. Greenspan speaks at Bond Market Association in NYC at 5:30pm. ITRI, MAT, VVUS Analyst meetings.

Earnings

Before the Open: AAP BKS CMRG PLCE CLE DEBS KONG LTD NWY SHLD SCVL SSI SMRT STP. After the Close: ADIC ARO ALKS ADSK BRCD CTRN CPWM DELL FMCN GPS HIBB MRVL JWN RRGB SNS STXN SUPX.

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.

Bad CPI Number Today

U.S. April Consumer Prices Rise 0.6%; Core Rises 0.3% May 17 Prices paid by U.S. consumers rose more than forecast in April, rekindling inflation concerns that may invite more interest- rate increases from the Federal Reserve. The 0.6 percent rise in the consumer price index followed a 0.4 percent increase in March, the Labor Department said today in Washington. Not counting food and energy, so-called core prices rose a larger-than-forecast 0.3 percent for a second month. Strong demand is allowing more companies to pass along higher commodities and wage costs. Today's data will likely dispel any reassurance Fed policy makers took from recent reports on producer and import prices showing limited inflation, economists said. ``Inflation is starting to gather momentum, and I don't see any reason to believe it's going to reverse this upward trend,'' said Richard Yamarone, chief economist at Argus Research Corp., who correctly forecast the rise in core prices. ``We have higher raw materials and commodities prices, and businesses are saying they're passing those along. Now we have the evidence.'' Economists expected a 0.5 percent increase in the consumer price index, based on the median of 72 forecasts in a Bloomberg News survey. Forecasts ranged from 0.4 percent to 0.9 percent. Core prices were forecast to rise 0.2 percent. After the report, the yield on the benchmark 10-year Treasury note rose 7 basis points to 5.16 percent as of 8:50 a.m. in New York. Earnings Jump Average weekly earnings adjusted for inflation rose 0.2 percent in April and are up 4.1 percent over the last 12 months, the Labor Department said in a separate release. Consumer prices were up 3.5 percent for the 12 months ended in April compared with a 3.4 percent year-over-year gain the previous month. Core prices were 2.3 percent higher, the biggest year-over-year gain since March 2005, compared with a 2.1 percent 12-month gain a month earlier. So far this year, consumer prices are rising at an annual rate of 5.1 percent, compared with a 4.6 percent pace in the same four months last year. Core prices are rising at a 3 percent rate, compared with a 2.6 percent increase during the same time in 2005. Today's report is the last of three releases on April inflation. Yesterday, the government said producer prices excluding food and energy rose 0.1 percent for a second month, less than forecast. The costs of imported goods excluding petroleum edged up 0.1 percent in April, the Labor Department said on May 12. Inflation in Europe Inflation is also accelerating in Europe. Consumer prices in the dozen nations sharing the euro rose 0.7 percent in April from March, the European Union's Luxembourg statistics office said today. That advance was higher than expected and the fastest since March 2005. Consumers paid 3.9 percent more for energy in April after a 1.3 percent increase a month earlier. Fuel costs were up 17.8 percent in the last 12 months. Gasoline prices rose 8.8 percent in April and natural gas costs fell 5.2 percent. Food prices, which account for about a fifth of the index, were unchanged in April after a 0.1 percent gain. The cost of all goods including cars, apparel and food rose 1.1 percent last month after rising 0.6 percent in March. Goods prices are 3.2 percent higher compared with April 2005. The consumer price index is the government's broadest gauge of costs for goods and services. Almost 60 percent of the CPI covers prices consumers pay for services, ranging from medical visits to airline fares and movie tickets. Service prices rose 0.2 percent and are up 3.7 percent over the last year. The cost of medical care rose 0.4 percent for a second month. Housing costs, which include some energy costs, rose 0.1 percent after rising 0.2 percent. Rental Prices A category designed to track rental prices rose 0.4 percent for a second month. Rents have lagged behind home prices for years as low borrowing costs fueled a boom in housing. With growth in home prices slowing and mortgage rates rising, demand for rental units is starting to rise. The government tracks two rental categories, one from observations of actual home and apartment rents and another designed to impute a rental value on owner-occupied homes. Together, they account for 29 percent of the consumer price index and almost 40 percent of core prices. By comparison, energy accounts for 8.7 percent of the CPI. Airfares rose 1.6 percent last month. The cost of hotel stays was unchanged following a 0.8 percent rise. Toronto-based Four Seasons Hotels Inc., the world's largest operator of luxury hotels, said it raised room rates 7.2 percent in the first quarter. Gasoline Unleaded gasoline at the pump averaged $2.74 a gallon in April, up from $2.42 a gallon in March, according to figures from the Energy Department. Retail gasoline climbed in April to the highest since September's record $3.069 a gallon, following Hurricane Katrina. Higher costs for energy and other commodities pose a risk that they will be passed on to consumers. Some companies are already having success. Con-way Inc., the largest U.S. regional trucking company, expects to raise rates this quarter more than in the first quarter as it extends higher prices to more customers, Chief Executive Officer Douglas Stotlar said. Rates including fuel fees will rise in the ``mid-single digits,'' after climbing 2.3 percent in the first quarter, he said in a May 12 interview. Discounting Companies in industries ranging from autos to computers are still offering discounts to lure buyers. Ford Motor Co. and DaimlerChrysler AG's Chrysler added no-interest loans on some vehicles and General Motors Corp. Detroit-based GM, the world's largest automaker, said that in the Chicago and Minneapolis areas it will offer a $1,000 fuel card with the purchase of some new models. Cruise operators including Miami-based Carnival Corp. are reducing fares to spark demand amid concern that consumers facing higher gasoline prices will rein in spending on other goods and services. The Federal Open Market Committee's statement last week said the timing of interest rate moves will depend on data released before central bankers next meet on June 28-29. Economists surveyed by Bloomberg News earlier this month expect the Fed to hold the overnight rate at 5 percent through the first half of next year. A survey, released yesterday, of economists by the Federal Reserve Bank of Philadelphia found little evidence of rising expectations for inflation. The forecasters said inflation as measured by the consumer price index will average 2.6 percent this year, when measured fourth quarter to fourth quarter. Consumer prices will rise 2.4 percent in 2007. 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.

Trading levels and reports for

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

The market is unable to make any significant bounce so far after two days of hard selling which to me shifts the bias towards the downside.

LEVELS:

Contract (June 2006)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1309.87	1660.00	11553.33	752.50
Resistance 2	1305.63	1652.00	11520.67	748.50
Resistance 1	1300.27	1640.50	11480.33	744.00
Pivot	1296.03	1632.50	11447.67	740.00
Support 1	1290.67	1621.00	11407.33	735.50
Support 2	1286.43	1613.00	11374.67	731.50
Support 3	1281.07	1601.50	11334.33	727.00

Contract (June 2006)	British Pound	Euro	Ten Years	US Bonds
Resistance 3	1.9098	1.3020	105 27/32	107 13/32
Resistance 2	1.9003	1.2958	105 19/32	106 30/32
Resistance 1	1.8945	1.2922	105 14/32	106 22/32
Pivot	1.8850	1.2860	105 5/32	106 7/32
Support 1	1.8792	1.2824	105	105 31/32
Support 2	1.8697	1.2762	104 24/32	105 16/32
Support 3	1.8639	1.2726	104 19/32	105 8/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Wednesday, May 17th, 2006

Economic

08:30am Apr Consumer Price Index (last 0.4%), CPI Ex Food & Energy (last 0.3%), CPI NSA (last 199.8)

10:30am Crude Oil/Gasoline/Distillate Inventories

Events

MBA Mortgage Applications (7:00, last –5.8%). Peripheral and Central Nervous System Drugs Advisory Committee meets at 8:00am. UBS Global Financial Services Conference in NYC through 5/17. Bear Stearns Global Credit Conference in NYC through 5/17. Fed's Minehan leads panel at Hedge Fund conference at 9:15am. BofA Healthcare Conference in Nevada through 5/18. BA, CC, DOX, EQIX, LSI, NVS, SFB, STTS, TGX, YHOO Analyst meetings. Trades Ex-dividend: HON $0.2269, MCO $0.07, UTX $0.265, WMT $0.1675. EQ-W replaces AMCC in S&P 500 at close of trading.

Earnings

Before the Open: BRC CHRS CPA LTON PBH RTLX ROST TLB TOO ZLC. After the Close: ACXM BEAS CTRP EXM FL GYMB HOTT INTU LDG MW NAPS OPNT PETM CRM SNDA SNPS ZUMZ.

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.

Trading levels and reports for May 16th

*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	1312.13	1669.00	11585.33	756.43
Resistance 2	1305.47	1658.25	11521.67	749.97
Resistance 1	1301.33	1647.00	11485.33	744.43
Pivot	1294.67	1636.25	11421.67	737.97
Support 1	1290.53	1625.00	11385.33	732.43
Support 2	1283.87	1614.25	11321.67	725.97
Support 3	1279.73	1603.00	11285.33	720.43

Contract (June 2006)	British Pound	Euro	Ten Years	US Bonds
Resistance 3	1.9161	1.3134	105 16/32	106 29/32
Resistance 2	1.9084	1.3069	105 9/32	106 17/32
Resistance 1	1.8937	1.2942	105 4/32	106 7/32
Pivot	1.8860	1.2877	104 29/32	105 27/32
Support 1	1.8713	1.2750	104 24/32	105 17/32
Support 2	1.8636	1.2685	104 17/32	105 5/32
Support 3	1.8489	1.2558	104 12/32	104 27/32

REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits

Tuesday, May 16th, 2006

Economic

08:30am Apr Producer Price Index (last 0.5%), PPI Ex Food & Energy (last 0.1%), Housing Starts (last 1.96M), Building Permits (last 2.09M)

09:15am Apr Industrial Production (last 0.6%), Capacity Utilization (last 81.3%)

Events

Fed's Bies to speak on Basel II in Spain at 3:45am. ICSC/UBSW Chain Store Sales (7:45, last 2.3%). Fed's Geithner speaks on Derivatives and Economy in NYC at 8:45am. Redbook Retail Sales (8:55, last 3.2%). UBS Global Financial Services Conference in NYC through 5/17. Bear Stearns Global Credit Conference in NYC through 5/17. BofA Healthcare Conference in Nevada through 5/18. ACF Analyst meeting. Fed's Olson speaks on Rick Compliance in DC at 1:00pm. Fed's Kroszner leads panel at Hedge Fund conference at 3:30pm. ABC Consumer Confidence (last -16). Fed's Bernanke speaks at Hedge Fund conference at 6:30pm. Trading Ex-split: ACI 2-1, BLUD 3-2, JEF 2-1, HTLD 4-3, TIE 2-1. BKMU replaces SVC in S&P SmallCap 600 at close of trading.

Earnings

Before the Open: AGYS AEOS BJ CTR DE DKS ESLT FOSL HD JBX VLCCF SKS SPLS TJX WMT. After the Close: ANF AMAT CPWR HPQ LTXX PLAB REDE VSAT.

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.

Trading levels and reports for May 15th + invitation to chat room

*To be removed, please reply with remove daytrading in subject line

Dear Trader,

Last week we saw the market starting very quiet with tight range and then following the FOMC volatility just exploded!

This can happen at any day, during any period of time and it's the main reason I highly recommend using what I call "daily loss limit", i.e. always know what's the most you are willing to loss on any given day and when that happens, have the discipline to flatten yourself and walk away.

This may be one of the toughest things a trader has to do and very few can do that but it may be the biggest key to trading survival.

Have a great trading week.

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Cannon Trading Co., Inc. brings our clients a unique opportunity to benefit from the complex opportunities available in the futures and commodity markets.
Cannon Trading Co., Inc. has been recognized for its outstanding customer service in several industry publications. Visit us at: www.e-futures.com to learn more and mention Millennium Traders to receive special rates and extended day trading margins. Cannon Trading Co., Inc. is a full-service and online discount commodity brokerage firm located in Beverly Hills, California since 1988.

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LEVELS:

Contract (June 2006)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance 3	1320.00	1673.00	11630.33	763.78
Resistance 2	1314.50	1666.50	11582.67	759.27
Resistance 1	1304.50	1654.00	11495.33	750.53
Pivot	1299.00	1647.50	11447.67	746.02
Support 1	1289.00	1635.00	11360.33	737.28
Support 2	1283.50	1628.50	11312.67	732.77
Support 3	1273.50	1616.00	11225.33	724.03

Contract (June 2006)	British Pound	Euro	Ten Years	US Bonds
Resistance 3	1.9212	1.3133	105 3/32	106 8/32
Resistance 2	1.9112	1.3061	105	106 1/32

USA/Canada:		(800) 454-9572
International:		(310) 859-9572

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Cannon Trading Futures Blog: Daily Support and Resistance Levels: Archive

Futures Blog - Cannon Trading Daily Support and Resistance Levels

Wednesday, May 31, 2006

Trading levels and reports for June 1st

Thursday, Jun 1st, 2006

Tuesday, May 30, 2006

Trading levels and reports for for May 31st

Wednesday, May 31st, 2006

Trading levels and reports for May 30h

Tuesday, May 30th, 2006

Thursday, May 25, 2006

Trading levels and reports for May 26th

Friday, May 26th, 2006

SP + Bonds swing trades - sent May 25th

Wednesday, May 24, 2006

Trading levels and reports for May 25th

Thursday, May 25th, 2006

Tuesday, May 23, 2006

Trading levels and reports for May 24th

Wednesday, May 24th, 2006

Monday, May 22, 2006

Trading levels and reports for May 23rd

Tuesday, May 23rd, 2006

Trading levels and reports for May 22nd

Monday, May 22nd, 2006

Thursday, May 18, 2006

Trading levels and reports for May 19th

Friday, May 19th, 2006

Trading levels and reports for May 18th

Thursday, May 18th, 2006

Wednesday, May 17, 2006

Bad CPI Number Today

Tuesday, May 16, 2006

Trading levels and reports for

Wednesday, May 17th, 2006

Monday, May 15, 2006

Trading levels and reports for May 16th

Tuesday, May 16th, 2006

Trading levels and reports for May 15th + invitation to chat room