Cannon Trading Co. Inc.
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Since 1988

Cannon Trading Futures Blog: Daily Support and Resistance Levels

Monday, July 31, 2006

Trading levels and reports for July 31st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
 
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1301.60 1559.00 11426.67 720.50
Resistance 2 1293.80 1540.50 11353.33 712.50
Resistance 1 1288.90 1531.00 11302.67 708.00
Pivot 1281.10 1512.50 11229.33 700.00
Support 1 1276.20 1503.00 11178.67 695.50
Support 2 1268.40 1484.50 11105.33 687.50
Support 3 1263.50 1475.00 11054.67 683.00
         
Contract (Sept 2006) British Pound Euro Ten Years   US Bonds 
Resistance 3 1.8829 1.2948 106 21/32 109 13/32
Resistance 2 1.8758 1.2880 106 12/32 108 30/32
Resistance 1 1.8706 1.2837 106  6/32 108 19/32
Pivot 1.8635 1.2769 105 28/32 108  4/32
Support 1 1.8583 1.2726 105 22/32 107 25/32
Support 2 1.8512 1.2658 105 13/32 107 10/32
Support 3 1.8460 1.2615 105  7/32 106 31/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, Jul 31st, 2006


Economic
10:00am Jul Chicago Purchasing Manager Index (last 56.5)
Events
Fed's Poole speaks about Global Economy to Southern Legislative Conference at 8:00am. Fed's Yellen speaks about the Economy in SF at 11:45am. Trading Ex-split: MON 2-1. Trades Ex-dividend: F $0.05.
Earnings
Before the Open: AG ARM AVP BXG BPO EXC GEHL GLYT GVHR GLG HCP HERO HUM IKAN KCI NTE NCOG PYX PCH RDA RGC THOR TDG TSN UAUA VLI. After the Close: AATI AFFX ALO ATRS ANSW APL AUDC CMG FLML FCN FNDT GPRO GW ISSX INTX IRBT KND MET MSPD NLS NAVR ODSY OTTR PKY PPS PWAV PBH PFG RNR TXRH TWTC TDR VPRT VMC WFMI.
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!

Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com

Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210

The finest compliment I can receive is a referral from a trusted client.
 
* Important Please Note: 
Trading commodity futures and options involves substantial risk of loss. 
The recommendations contained in this letter is of opinion only and does not guarantee any profits.
These are risky markets and only risk capital should be used.
Past performances are not necessarily indicative of future results. 
 

posted by Cannon Trading at 6:20 AM 0 comments

Wednesday, July 26, 2006

Trading levels and reports for July 26th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Summer trading days, coupled with earnings season and fragile geo-political situation are the main reason for the way this market is trading. i.e dead periods of trading followed by some very sharp moves and sudden termination of trades.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1295.77 1524.83 11337.00 718.53
Resistance 2 1287.23 1514.67 11256.00 711.77
Resistance 1 1279.67 1503.83 11198.00 705.03
Pivot 1271.13 1493.67 11117.00 698.27
Support 1 1263.57 1482.83 11059.00 691.53
Support 2 1255.03 1472.67 10978.00 684.77
Support 3 1247.47 1461.83 10920.00 678.03
         
Contract (Sept 2006) British Pound Euro Ten Years   US Bonds 
Resistance 3 1.8668 1.2803 105 28/32 108  6/32
Resistance 2 1.8613 1.2760 105 25/32 108  1/32
Resistance 1 1.8517 1.2693 105 19/32 107 24/32
Pivot 1.8462 1.2650 105 16/32 107 19/32
Support 1 1.8366 1.2583 105 10/32 107 10/32
Support 2 1.8311 1.2540 105  7/32 107  5/32
Support 3 1.8215 1.2473 105  1/32 106 28/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Jul 26th, 2006


Economic
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 –4.6%). DADE analyst meeting.
Earnings
Before the Open: ABY ACE AMG APD ALGN ATI ABK AHM ACAT ASH ASPM ATMI AVX BLDP BEAV BELM BIIB BDK BA CACH CRS CBR COP CFR DO EMCI EEFT FILE FAF FR FTI FORR FCL FBN GM HES ICLR IHP ICE IFF ILSE JNY KEM KMT KMB LIZ LU MSO MDP MESA MNC MNST MYL NCI NSTC NHWK NSC NYB PMTC PAS PFCB PLMD PRAI PX RAI ROK RES SFUN SEAB SEE SIAL SPIL SSCC SNA SNWL SVU TASR TIN TMO TBL TKR UGI UARM UNT WLP WLSC YCC ZBRA. During Trading Hours: BUD EGN LPX. After the Close: RNT ACXM AEA AEIS AEM AKAM AGP ASCA AMKR APPB ARRS ASIA AVB BIDU BSTE BXP BFAM BOBJ CDNS ELY CRUS CLF CTV CYH CNQR CSGP CTS CYBS CYTC XRAY EPIC ESRX FIC FHRX GDI GIVN GSIC HLIT HRS HPC BLUD INGR INTL ISRG ITRI KTO KEX KOMG KYPH LOOP LSI LMNX MTW MTSN WFR MCRL MIL MIPS MTSC NABI NVT NETL NEU NEWP NVTL ORLY OI PHTN PLXS PGI PSSI PSYS PHM DSS STR RADS RARE RSG COL RUTH SONE SFNT SNM SCUR SMTL SIMG SMDI SKX SMSI SONO STTS SYMC SMBI TALX TSCO TRFC TRID TQNT TGI TTMI TYL VARI VAR WOOF VRTX WCN WEBX GB WMGI XL ZMH.

Thursday, Jul 27th, 2006

 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!

Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com

Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210

The finest compliment I can receive is a referral from a trusted client.
 
* Important Please Note: 
Trading commodity futures and options involves substantial risk of loss. 
The recommendations contained in this letter is of opinion only and does not guarantee any profits.
These are risky markets and only risk capital should be used.
Past performances are not necessarily indicative of future results. 
 

posted by Cannon Trading at 5:55 AM 0 comments

Thursday, July 20, 2006

Day-trading model for July 20th +3.25 points per contract

*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:  7/20/06

 

 

 

 

I have started something new which I have been working on for a while now. I call it “day-trading program”, which I am applying to the mini SP.

 

By doing so, I feel that if things work then I will be able to offer my clients a complete menu of time frames from the day-trading below to the SP and BONDS swing updates (based on hourly chart) all the way to the longer term trade ideas I send based on the weekly chart.

 

While the results below are from a real trading account, they do NOT include commissions in “today’s trades (they do include commissions in the results summary) and by no mean suggest that any account will achieve similar results. Please take your time to read the disclaimer below carefully and if you have ANY questions, let me know.

 

Again, this is a project that is based on back testing and I have lots of hopes for it but until I don’t see real-time results for a longer period of time, it should be treated as a project.

 

Today's Trades:

 

 

Mini SP

 
Profit / Loss Trade Summary
Trade No.
Bought
Sold
Market
Fill Price
P / L
Cumulative
N7535-644474
1
 
ESU6
1266.5000
($87.50)
($87.50)
N7535-644481
 
1
ESU6
1264.7500
 
  
N7535-644656
 
1
ESU6
1263.5000
$150.00
$62.50
N7535-644844
1
 
ESU6
1260.5000
 
  
N7535-644884
 
1
ESU6
1260.0000
($100.00)
($37.50)
N7535-644888
1
 
ESU6
1262.0000
 
  
N7535-644965
 
1
ESU6
1259.7500
$200.00
$162.50
N7535-645048
1
 
ESU6
1255.7500
 
  

 

Results:

 

 
E-Mini S&P 500 Results
Date No. of Trades Trading Results Daily Gross Profit / Loss (before commissions) Total Commissions per contract * Daily Net Profit / Loss per contract(after commissions of $10RT) Trading Results (after commissions, based on 3 contracts) Running Balance
########## (2) -3.00 (5) (4) (6) (7) (8)
      (3) * 50 -7.04 * (2) (3) + (5) (6) * 5 (8)t-1 + (7)
5/14/06             $0.00