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Cannon Trading Futures Blog: Daily Support and Resistance Levels

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Thursday, August 31, 2006

Trading levels and reports for Sept. 1st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Hope all of you will enjoy a great trading month in September.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1307.73 1600.33 11453.33 730.83
Resistance 2 1307.87 1595.17 11436.67 728.67
Resistance 1 1303.73 1589.33 11413.33 724.83
Pivot 1303.87 1584.17 11396.67 722.67
Support 1 1299.73 1578.33 11373.33 718.83
Support 2 1299.87 1573.17 11356.67 716.67
Support 3 1295.73 1567.33 11333.33 712.83
         
Contract (Sept 2006) Dec. Gold Euro Dec. Ten Years  Dec. US Bonds 
Resistance 3 641.5333 1.2976 107 24/32 111 21/32
Resistance 2 638.2667 1.2934 107 18/32 111 13/32
Resistance 1 636.2333 1.2881 107 15/32 111  7/32
Pivot 632.9667 1.2839 107  9/32 110 31/32
Support 1 630.9333 1.2786 107  6/32 110 25/32
Support 2 627.6667 1.2744 107      110 17/32
Support 3 625.6333 1.2691 106 29/32 110 11/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Sep 1st, 2006


Economic
08:30am Aug Change in Nonfarm Payrolls (last 113K), Unemployment Rate (last 4.8%), Change in Manufacturing Payrolls (last –15k), Average Hourly Earnings (last +0.4%), Average Weekly Hours (last 33.9)
09:45am University of Michigan Confidence (last 78.7)
10:00am Aug ISM Manufacturing (last 54.7), ISM Prices Paid (last 78.5), Jul Construction Spending (last 0.3%), Pending Home Sales (last 0.4%)
Events
August Total Vehicle Sales (last 17.2M), Domestic Vehicle Sales (last 13.2M) Bond market closes at 1PM. Fed Chief Bernanke gets honored in Dillon, SC on Ben Bernanke Day at 12:00 pm.
Earnings
Before the Open: BKRS VIP. After the Close: None Seen.
 
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 1:27 PM 0 comments

Wednesday, August 30, 2006

Trading levels and reports for August 31st

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Choppy day today...and a good reason to resend the following piece I wrote 6 months ago...I think it's worth reading:
 

Trading 101: Understanding the environment you are trading in.

 

Many clients have asked me in the past what I think is the key to day-trading the e-minis (mini SP, mini Dow, Mini NASDAQ, mini Russell) successfully. While I don’t think you can pinpoint one major factor and trading is a combination of many factors, ranging from capital, skills, emotional capacity, training, experience and more, I think that recognizing the type of trading day I shaping in front of you is one of the biggest keys.

 

I would say you can categorize the “day-trades environment” into 3:

 

  1. Choppy, directionless day.
  2. Strong trending day
  3. Volatile day with actions on both sides.

 

If we knew the answer to what day this is going to be before the market started, our chances of trading well would increase significantly, however, I have yet to find a way to predict that in advance. There are times that the first hour of trading combined with other factors can help you though. I will touch on that a bit more after explaining the type of strategies I believe are suitable for each of the trading days types mentioned above.

 

 

  1. Choppy, directionless day: Is most suitable for “trend fading” approaches. This can be done in many ways. Configuring support and resistance levels and trying to “sell high, buy low” against these levels with the assumptions that this is a range bound day. Another strategy will be to use over bought, oversold indicators and use them as triggers for buy and sell. Examples can be, selling the market once price crosses above upper Bollinger bands or buying the market when %R or RSI suggest oversold levels. Needless to say it would be more than smart to use stop loss orders in case the market does break out.
  2. Strong trending day – Days like this, are fun if you are in the right direction…I use different indicators such as oscillators and stochs to limit my self to either attacking only from the buy side or only from the sell side. In case of an up-trending day I will use pull backs to re-enter the market only from the buy side and I will use cross of fast moving average or stochastics on lower time frames to re-enter the market. Biggest mistakes traders do on days like that is trying to predict bottoms or tops.
  3. Volatile day with actions on both sides – Personally I like these trading days the best. Technical indicators like DMI crosses, MACD, support and resistance levels work well on days like that and the range allows for profit on both sides.

 

The SP market for example has evolved over the last two years and now days we see much more choppy days (type 1) than we see type 2 or 3. A few reasons for that: The market is right now in a mature cycle, the evolution of automated strategies and back testing has increased the level of traders who buy oversold intra day and sell over bought intraday, therefore contributing to narrower trading days and the new SEC rule that eliminated many of the smaller size day-traders on the equity side (what I call the 25k day-trading rule).

 

Now for the big question, how do I recognize what type of day it is?

 

No magic answer here (have you ever seen one in trading?....). A few factors I like to look at before starting the day:

  1. what type of day did we have the last few sessions? If we had a couple of volatile days in a row, chances for choppy day increase.
  2. What reports are due? Days with multiple reports on different times of the day can contribute to type 2 or type 3 days
  3. Where are we on the daily/weekly chart? It is always important to view the bigger picture in order to get an idea for smaller time frames. If you know for example that 1225 is a major support on the daily chart (as it was a couple of days ago) you may use that in your day-trading as a short trigger once support was broken or as a long trigger if it held, even though it is not a support / resistance level intraday.
  4. Overnight trading and the first hour of trading -  If the market made large overnight moves, stronger chance of having type 2 or 3 days. If the market is unable to take out first hour, hi/lo stronger chances for type 1 days.

 

Those of you who wish to expand on the topic, view charts , formations and indicators used for each of the trading types, please e-mail me so I can include you in the next webinar targeting this topic. If you are not a client, you must include name, telephone number, trading experience and if you are trading currently, who arte you trading with.

 

Happy Trading!

 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1312.43 1604.67 11469.33 733.23
Resistance 2 1310.57 1596.08 11444.67 728.37
Resistance 1 1307.73 1590.17 11417.33 724.93
Pivot 1305.87 1581.58 11392.67 720.07
Support 1 1303.03 1575.67 11365.33 716.63
Support 2 1301.17 1567.08 11340.67 711.77
Support 3 1298.33 1561.17 11313.33 708.33
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 637.9667 1.2910 107 16/32 110 30/32
Resistance 2 633.8333 1.2889 107 12/32 110 23/32
Resistance 1 629.9667 1.2869 107  8/32 110 17/32
Pivot 625.8333 1.2848 107  3/32 110 10/32
Support 1 621.9667 1.2828 106 31/32 110  4/32
Support 2 617.8333 1.2807 106 27/32 109 29/32
Support 3 613.9667 1.2787 106 23/32 109 23/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, Aug 31st, 2006


Economic
07:45am ECB Rate decision
08:30am Initial Jobless Claims (last 313K), Jul Personal Income (last 0.6%), Personal Spending (last 0.4%), PCE Deflator (last 3.5%), PCE Core (last 0.2%)
10:00am Aug Chicago Purchasing Manger (last 57.9), Jul Factory Orders (last 1.2%), Help Wanted Index (last 33)
10:30am Natural Gas Inventories (last 57)
Events
Formal UN deadline for Iran response to nuclear proposal. Fed Chief Bernanke speaks at Clemson University on leadership at 12:00pm. 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.
Earnings
Before the Open: BTH BF.B CIEN DLM DG HNZ JOYG TIF WWE ZLC. After the Close: AACE AGIL ASHW ESL HRB KWD OVTI OTEX TUTR PAY 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. 
 

posted by Cannon Trading at 1:23 PM 0 comments

Tuesday, August 29, 2006

Trading levels and reports for August 30th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Have a stop, target and entry level on each trade.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1322.10 1610.67 11493.00 735.13
Resistance 2 1314.80 1595.83 11444.00 726.07
Resistance 1 1311.90 1585.67 11408.00 721.53
Pivot 1304.60 1570.83 11359.00 712.47
Support 1 1301.70 1560.67 11323.00 707.93
Support 2 1294.40 1545.83 11274.00 698.87
Support 3 1291.50 1535.67 11238.00 694.33
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 635.4000 1.2963 107 19/32 111  4/32
Resistance 2 630.7000 1.2909 107  9/32 110 21/32
Resistance 1 624.9000 1.2873 107  4/32 110 14/32
Pivot 620.2000 1.2819 106 26/32 109 31/32
Support 1 614.4000 1.2783 106 21/32 109 24/32
Support 2 609.7000 1.2729 106 11/32 109  9/32
Support 3 603.9000 1.2693 106  6/32 109  2/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Aug 30th, 2006


Economic
08:15am ADP Employment Change (last 99K)
08:30am Q2 Preliminary GDP Annualized (last 2.5%), GDP Price Index (last 3.3%), Personal Consumption (last 2.5%), Core PCE Q/Q (last 2.9%)
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's $14B 5-year note auction results
Events
MBA Mortgage Applications (7:00, last 0.1%). Science Advisory Board to the National Center for Toxicological Research meets 8:00am. Dallas Fed President Fisher speaks to North Dallas Chamber of Commerce at 9:00am. Same-Store Sales After the Close - AEOS ARO HOTT MW ZUMZ. Trades Ex-dividend: AIG $0.15 BAC $0.50 EP $0.04 HIG $0.40 K $0.29 MRK $0.30.
Earnings
Before the Open: DSW ESCL UNFI. After the Close: GEF JDSU LTXX NCS SEAC 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. 
 

posted by Cannon Trading at 1:29 PM 0 comments

DJ DATA SNAP/Confidence:Aug Confidence 99.6 Vs Jul 107.0 -2(DJ)

DJ DATA SNAP/Confidence:Aug Confidence 99.6 Vs Jul 107.0 -2(DJ)
 
  "Consumer confidence lost significant ground in August," said Lynn
Franco, who leads the group's Consumer Research Center. "Less
favorable business conditions coupled with a less favorable job
scenario have resulted in the largest one month decline in
confidence since Hurricane Katrina last year," she said, adding
"the glass remains half empty" for "more pessimistic" consumers.
  The bad news was not confined to the overall reading. The group's
present situation index also fell, from a revised 134.2 in July to
123.4 in August. The expectations index dipped to 83.8 in August,
from 88.9 the prior month.
  The Conference Board's report comes at a time of mounting signs of
an economic slowdown. Recent housing data has cooled markedly, while
overall growth statistics have also moderated. The environment is
such that the Federal Reserve felt, even in the face of elevated
inflation readings, it had the room to hold interest rates steady
when it meet earlier in August.
  Some had expected to see confidence levels slip in August due to
renewed worries about terrorism and on conflict in the Middle
East.
  The research group said in its release that consumers' take on
current conditions was "significantly less favorable." Those
calling conditions "good" fell to 26.1% of the survey, from 27.3%
the month before, while those calling conditions "bad" rose to
16.7% of the survey, versus 15.0% in July.
  On the employment front, those calling jobs "plentiful" fell to
24.4% in August, compared with 28.6% in July. Those who deemed
jobs "hard to get" rose to 21.1%, from 19.6% who had the same view
a month ago. The report also noted a more negative take on future
activity, and those who expect their incomes to rise over coming
months fell to 17.7%, versus 18.3% in July.
  The Conference Board survey is based on a mail-in survey of 5,000
households. The cutoff date for responses was Aug. 22.
   -By Michael S. Derby, Dow Jones Newswires; 
 
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 7:26 AM 0 comments

Monday, August 28, 2006

Trading levels and reports for August 29th

 
*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 1321.03 1601.33 11531.33 721.17
Resistance 2 1314.27 1590.67 11470.67 715.28
Resistance 1 1309.13 1580.83 11416.33 711.77
Pivot 1302.37 1570.17 11355.67 705.88
Support 1 1297.23 1560.33 11301.33 702.37
Support 2 1290.47 1549.67 11240.67 696.48
Support 3 1285.33 1539.83 11186.33 692.97
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 641.1000 1.2905 107  5/32 110 16/32
Resistance 2 636.5000 1.2871 107  2/32 110 10/32
Resistance 1 630.2000 1.2838 107      110  7/32
Pivot 625.6000 1.2804 106 29/32 110  1/32
Support 1 619.3000 1.2771 106 27/32 109 30/32
Support 2 614.7000 1.2737 106 24/32 109 24/32
Support 3 608.4000 1.2704 106 22/32 109 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Aug 29th, 2006


Economic
10:00am Aug Consumer Confidence (last 106.5)
01:00pm Treasury's $22B 2-year note auction results
02:00pm Release of 8/8 FOMC Minutes
Events
ICSC/UBSW Chain Store Sales (7:45, last-0.2%w/w). Redbook Retail Sales (8:55, last +0.3%m/m). ABC Consumer Confidence (last –14). Advisory Committee for Reproductive Health Drugs meets at 8:00am. Obstetrics and Gynecology Devices Panel of the Medical Devices Advisory committee meets 8:00am. Science Advisory Board to the National Center for Toxicological Research meets 8:30am. NLC Investor Day. Dallas Fed President Fisher speaks at luncheon in San Antonio 1:30pm. Trading Ex-split: RNST 3:2. Trades Ex-dividend: LTD $0.15.
Earnings
Before the Open: COCO KIRK RTLX SAFM SCMR. After the Close: ADCT DY MCRS UEPS NOVL SMTC 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. 
 

posted by Cannon Trading at 1:25 PM 0 comments

Trading levels and Reports for August 28th - 3rd and last attempt to send....

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

Levels:

Daily Support & Résistance Levels

 

Mini-S&P 500 Futures

Sept. 06

Mini-Nasdaq 100 Futures

Sept. 06

Mini-Dow Futures

Sept. 06

Mini Russell 2000 Futures

Sept. 06

30-year US Bond Futures

Sept. 06

Support 3

1280.00

1525.00

11188

675.00

10902

Support 2

1286.00

1541.00

11232

691.00

10910

Support 1

1291.00

1547.00

11276

695.80

10920

Résistance 1

1301.50

1574.00

11365

705.30

11007

Résistance 2

1305.00

1583.00

11418

708.00

11014

Résistance 3

1308.00

1591.50

11452

716.40

11102

 Reports:

Week of August 28th thru September 1st, 2006

Monday, Aug 28th, 2006


Economic
Events
None
Earnings
Before the Open: None Seen. After the Close: AVNX RSTO.

Tuesday, Aug 29th, 2006


Economic
10:00am Aug Consumer Confidence (last 106.5)
01:00pm Treasury's $22B 2-year note auction results
02:00pm Release of 8/8 FOMC Minutes
Events
ICSC/UBSW Chain Store Sales (7:45, last-0.2%w/w). Redbook Retail Sales (8:55, last +0.3%m/m). ABC Consumer Confidence (last –14). Advisory Committee for Reproductive Health Drugs meets at 8:00am. Obstetrics and Gynecology Devices Panel of the Medical Devices Advisory committee meets 8:00am. Science Advisory Board to the National Center for Toxicological Research meets 8:30am. NLC Investor Day. Dallas Fed President Fisher speaks at luncheon in San Antonio 1:30pm. Trading Ex-split: RNST 3:2. Trades Ex-dividend: LTD $0.15.
Earnings
Before the Open: COCO KIRK RTLX SAFM SCMR. After the Close: ADCT DY MCRS UEPS NOVL SMTC SIGM.

Wednesday, Aug 30th, 2006


Economic
08:15am ADP Employment Change (last 99K)
08:30am Q2 Preliminary GDP Annualized (last 2.5%), GDP Price Index (last 3.3%), Personal Consumption (last 2.5%), Core PCE Q/Q (last 2.9%)
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's $14B 5-year note auction results
Events
MBA Mortgage Applications (7:00, last 0.1%). Science Advisory Board to the National Center for Toxicological Research meets 8:00am. Dallas Fed President Fisher speaks to North Dallas Chamber of Commerce at 9:00am. Same-Store Sales After the Close - AEOS ARO HOTT MW ZUMZ. Trades Ex-dividend: AIG $0.15 BAC $0.50 EP $0.04 HIG $0.40 K $0.29 MRK $0.30.
Earnings
Before the Open: DSW ESCL UNFI. After the Close: GEF JDSU LTXX NCS SEAC TIVO.

Thursday, Aug 31st, 2006


Economic
08:30am Initial Jobless Claims (last 313K), Jul Personal Income (last 0.6%), Personal Spending (last 0.4%), PCE Deflator (last 3.5%), PCE Core (last 0.2%)
10:00am Aug Chicago Purchasing Manger (last 57.9), Jul Factory Orders (last 1.2%), Help Wanted Index (last 33)
10:30am Natural Gas Inventories (last 57)
Events
Formal UN deadline for Iran response to nuclear proposal. Fed Chief Bernanke speaks at Clemson University on leadership at 12:00pm. 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.
Earnings
Before the Open: BTH BF.B CIEN DLM DG HNZ JOYG TIF WWE ZLC. After the Close: AACE AGIL ASHW ESL HRB KWD OVTI OTEX TUTR PAY WIND.

Friday, Sep 1st, 2006


Economic
08:30am Aug Change in Nonfarm Payrolls (last 113K), Unemployment Rate (last 4.8%), Change in Manufacturing Payrolls (last –15k), Average Hourly Earnings (last +0.4%), Average Weekly Hours (last 33.9)
09:45am University of Michigan Confidence (last 78.7)
10:00am Aug ISM Manufacturing (last 54.7), ISM Prices Paid (last 78.5), Jul Construction Spending (last 0.3%), Pending Home Sales (last 0.4%)
Events
August Total Vehicle Sales (last 17.2M), Domestic Vehicle Sales (last 13.2M) Bond market closes at 1PM. Fed Chief Bernanke gets honored in Dillon, SC on Ben Bernanke Day at 12:00 pm.
Earnings
Before the Open: BKRS VIP. After the Close: None Seen.
*Note all time are EST (GMT-5). 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.

 

 

 

Sincerely,
Ilan Levy-Mayer, M.B.A
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 6:56 AM 0 comments

Trading levels and reports for August 28th

posted by Cannon Trading at 6:49 AM 0 comments

Trading levels and reports for August 28th

posted by Cannon Trading at 6:35 AM 0 comments

Thursday, August 24, 2006

DJ DATA SNAP: US Jul New-Home Sales Fall More Than Expected(DJ)

DJ DATA SNAP: US Jul New-Home Sales Fall More Than Expected(DJ)
===============================================================
 New Home Sales               Jul        Jun ! Consensus:     !
 Overall Sales:            1.072M    1.120Mr ! 1.100M         !
 Percentage Change:         -4.3%     -0.9%r ! Actual:        !
 Months' Supply:              6.5       6.2r ! 1.072M         !
===============================================================
   By Jeff Bater
   Of DOW JONES NEWSWIRES
 
  WASHINGTON (Dow Jones)--New-home sales tumbled a second
consecutive month during July as mounting inventories allow
would-be buyers to wait for better deals.
  Sales of single-family homes decreased by 4.3% to a seasonally
adjusted annual rate of 1.072 million, the Commerce Department
said Thursday. June sales fell 0.9% to 1.120 million, revised from
a previously estimated 3.0% decline to 1.131 million.
  Wall Street expected a drop in July sales - but a smaller one.
Economists had been looking for a 2.7% decline to a 1.100 million
annual rate.
  Year over year, sales were down 21.6% since July 2005. Data this
year have repeatedly showed a softening housing sector; on
Wednesday, the National Association of Realtors reported
existing-home sales fell last month to the lowest point since
January 2004.
  Financing costs are rising. The average rate on a 30-year mortgage
crept to 6.76% in July, higher than June's 6.68% and July 2005's
5.70%.
  Home prices have been going up, too. The average price of a home
increased to $293,500 in July, up from a revised $289,300 in June
and $289,300 in July 2005, according to Commerce. The median price
fell, however, going down to $230,000 in July from a revised
$233,800 in June and $229,200 in July 2005.
  There were an estimated 568,000 homes for sale at the end of July,
which was another record. That represented a 6.5 months' supply at
the current sales rate - the highest since 6.8 in November 1995.
An estimated 562,000 homes were for sale at the end of June, a 6.2
months' inventory. Growing supply gives buyers the power to wait for
their price, analysts say.
  By region, new-home sales in July fell 8.0% in the South and 21.3%
in the Midwest. Demand rose 1.8% in the Northeast and 11.7% in the
West.
  Based on figures unadjusted for seasonal factors, an estimated
91,000 homes were actually sold last month in the U.S., down from
102,000 in June.
   -By Jeff Bater, Dow Jones Newswires;
 

DJ Table Of Data On New Home Sales From Commerce(DJ)
                        (Jul)   (Jun)   (May)
 
Sales At Annual Rate  1,072,000 1,120,000 1,130,000
 Percent Change          -4.3      -0.9       0.8
Northeast                56,000    55,000    65,000
 Percent Change           1.8     -15.4      12.1
Midwest                 133,000   169,000   181,000
 Percent Change         -21.3      -6.6       9.7
South                   550,000   598,000   613,000
 Percent Change          -8.0      -2.4       1.5
West                    333,000   298,000   271,000
 Percent Change          11.7      10.0      -7.8
Median Price            230,000   233,800   235,800
Mean Price              293,500   289,300   291,900
Houses For Sale         568,000   562,000   563,000
Months of Inventory       6.5       6.2       6.0
(Percent changes are increases unless preceded
by minus sign.)
 
 

posted by Cannon Trading at 7:12 AM 0 comments

Wednesday, August 23, 2006

Trading levels and reports for August 24th

 
*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 1315.93 1602.33 11492.00 725.67
Resistance 2 1310.07 1589.67 11441.00 719.33
Resistance 1 1303.43 1573.33 11384.00 709.67
Pivot 1297.57 1560.67 11333.00 703.33
Support 1 1290.93 1544.33 11276.00 693.67
Support 2 1285.07 1531.67 11225.00 687.33
Support 3 1278.43 1515.33 11168.00 677.67
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 646.7333 1.2949 107  9/32 110 12/32
Resistance 2 643.2667 1.2915 107  4/32 110  5/32
Resistance 1 638.1333 1.2864 107  1/32 110     
Pivot 634.6667 1.2830 106 28/32 109 25/32
Support 1 629.5333 1.2779 106 24/32 109 20/32
Support 2 626.0667 1.2745 106 19/32 109 13/32
Support 3 620.9333 1.2694 106 16/32 109  8/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, Aug 24th, 2006


Economic
08:30am Initial Jobless Claims (last 312K), Jul Durable Goods Orders (last 2.9%), Durables Ex Transportation (last 1.1%)
10:00am Jul New Home Sales (last 1.13M)
10:30am Natural Gas Inventories
11:00am Treasury's 2-year and 5-year Note funding announcement
Events
General and Plastic Surgery Devices Panel of the Medical Devices Advisory Committee meets at 8:00am. ORCC analyst meeting. Trades Ex-dividend: NOC $0.30.
Earnings
Before the Open: ARXT DEBS FRED GCO HL JTX LB OPSW PDCO TTC WSM. During Trading Hours: NX. After the Close: AGIL ANST CMOS JCG MCDTA.
 
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 1:12 PM 0 comments

Tuesday, August 22, 2006

Trading levels and reports for Aug 23rd

 
*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 1314.70 1603.33 11494.67 719.17
Resistance 2 1310.10 1593.67 11452.33 715.33
Resistance 1 1306.40 1579.33 11409.67 712.67
Pivot 1301.80 1569.67 11367.33 708.83
Support 1 1298.10 1555.33 11324.67 706.17
Support 2 1293.50 1545.67 11282.33 702.33
Support 3 1289.80 1531.33 11239.67 699.67
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 641.8667 1.2996 107  9/32 110 11/32
Resistance 2 638.5333 1.2954 107  6/32 110  5/32
Resistance 1 636.2667 1.2889 107  2/32 110  1/32
Pivot 632.9333 1.2847 106 31/32 109 27/32
Support 1 630.6667 1.2782 106 28/32 109 23/32
Support 2 627.3333 1.2740 106 25/32 109 17/32
Support 3 625.0667 1.2675 106 21/32 109 13/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Aug 23rd, 2006


Economic
10:00am Jul Existing Home Sales (last 6.62M)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last 1.4%). CWTR replaces WGR in S&P MidCap 400 after close of trading. Trades Ex-dividend: WMB $0.09.
Earnings
Before the Open: AMWD BWS DLTR EV LYTS PSS RGS SFD SYNO TECD. After the Close: CHS CWTR MIK PVH.
 
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 1:20 PM 0 comments

Monday, August 21, 2006

Trading levels and reports for Aug. 22nd

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
While earning season is coming to an end here shortly, geo-political tensions are rising again, this time with Iran and its nuclear program.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1308.60 1587.00 11450.00 716.83
Resistance 2 1305.80 1580.50 11420.00 713.67
Resistance 1 1304.10 1574.50 11405.00 710.33
Pivot 1301.30 1568.00 11375.00 707.17
Support 1 1299.60 1562.00 11360.00 703.83
Support 2 1296.80 1555.50 11330.00 700.67
Support 3 1295.10 1549.50 11315.00 697.33
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 641.7333 1.3084 107  6/32 110  7/32
Resistance 2 638.8667 1.3022 107  2/32 110     
Resistance 1 637.0333 1.2969 107      109 29/32
Pivot 634.1667 1.2907 106 29/32 109 22/32
Support 1 632.3333 1.2854 106 27/32 109 19/32
Support 2 629.4667 1.2792 106 23/32 109 12/32
Support 3 627.6333 1.2739 106 21/32 109  9/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Aug 22nd, 2006


Economic
10:00am Aug Richmond Fed Manufacturing Index (last 12)
Events
ICSC/UBSW Chain Store Sales (7:45, last 3.1%). Redbook Retail Sales (8:55, last 3.2%). Fed's Guynn speaks on Economy in Atlanta at 12:40pm. Fed's Moskow speaks on Economy in Illinois at 1:00pm. SNH replaces SHU and MAA replaces ESST in S&P SmallCap 600 after the close of trading. ABC Consumer Confidence (last -15).
Earnings
Before the Open: CHINA HPOL MYGN PERY TOL. After the Close: APSG BGP INTU JKHY MDT.
 
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 1:16 PM 0 comments

Wednesday, August 16, 2006

Trading levels and reports for Aug 17th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Discipline, discipline, discipline. Its probably 60% of surviving this markets.
 
Planning the trade from start to finish: entry level, stop loss and targets.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1310.07 1619.00 11531.33 723.67
Resistance 2 1305.03 1598.00 11450.67 717.08
Resistance 1 1301.77 1587.00 11401.33 713.67
Pivot 1296.73 1566.00 11320.67 707.08
Support 1 1293.47 1555.00 11271.33 703.67
Support 2 1288.43 1534.00 11190.67 697.08
Support 3 1285.17 1523.00 11141.33 693.67
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 650.3333 1.3003 107 11/32 110  9/32
Resistance 2 646.6667 1.2948 107  2/32 109 27/32
Resistance 1 642.8333 1.2907 106 28/32 109 19/32
Pivot 639.1667 1.2852 106 19/32 109  5/32
Support 1 635.3333 1.2811 106 13/32 108 29/32
Support 2 631.6667 1.2756 106  4/32 108 15/32
Support 3 627.8333 1.2715 105 30/32 108  7/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, Aug 17th, 2006


Economic
08:30am Initial Jobless Claims (last 319K)
10:00am Jul Leading Indicators (last 0.1%)
10:30am Natural Gas Inventories
12:00am Aug Philadelphia Fed (last 6.0)
Events
Fed's Fisher speaks at Community Luncheon in Shreveport at 1:30pm. Fed's Kroszner speaks at SF Banking Conference in SF at 8:30pm.
Earnings
Before the Open: BKS CMRG CCBL PLCE CMED CLE RDEN FLO GME LTD LTON NWY NUCO OHB SHLD SCVL SMRT. After the Close: ARO ADSK BEBE BRCD CALL CPWM DELL DV DITC FMCN FL GPS HIBB MRVL NEXT NINE JWN RMD SCSC 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. 
 

posted by Cannon Trading at 1:15 PM 0 comments

Tuesday, August 15, 2006

Trading levels and reports for August 16th

 
*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 1302.50 1579.33 11413.00 710.75
Resistance 2 1296.50 1560.67 11339.00 705.50
Resistance 1 1292.60 1551.33 11296.00 702.75
Pivot 1286.60 1532.67 11222.00 697.50
Support 1 1282.70 1523.33 11179.00 694.75
Support 2 1276.70 1504.67 11105.00 689.50
Support 3 1272.80 1495.33 11062.00 686.75
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 642.9333 1.2965 107  2/32 109 29/32
Resistance 2 639.9667 1.2899 106 23/32 109 13/32
Resistance 1 636.4333 1.2855 106 16/32 109  2/32
Pivot 633.4667 1.2789 106  5/32 108 18/32
Support 1 629.9333 1.2745 105 30/32 108  7/32
Support 2 626.9667 1.2679 105 19/32 107 23/32
Support 3 623.4333 1.2635 105 12/32 107 12/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Aug 16th, 2006


Economic
08:30am Jul Consumer Price Index (last 0.2%), CPI Ex Food & Energy (last 0.3%), CPI NSA (last 202.9), Housing Starts (last 1.85M), Building Permits (last 1.87M)
09:15am Jul Industrial Production (last 0.8%), Capacity Utilization (last 82.4%)
10:30am Crude Oil/Gasoline/Distillate Inventories
Events
MBA Mortgage Applications (7:00, last 4.9%). Fed's Fisher speaks at Real Estate conference in Dallas at 1:30pm. Trading Ex-split: CSX 2-1, GISX 2-1, GRMN 2-1, OXY 2-1. Trades Ex-dividend: IP $0.25, MCO $0.07, UTX $0.265, WMT $0.167.
Earnings
Before the Open: BLI BBA CHRS CPA DAKT EL GMTN MGPI ROST SHMR TLB TWB. After the Close: ARXX BEAS CAI CTRN GYMB HPQ HOTT LDG MW NTAP PSEM CRM 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. 
 

posted by Cannon Trading at 1:13 PM 0 comments

Monday, August 14, 2006

Trading levels and reports for August 15th

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

Fundamental Rule

“On every trade: an entry, a target, a stop…no exceptions”

 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1292.60 1540.67 11336.33 702.33
Resistance 2 1287.90 1531.83 11284.67 697.97
Resistance 1 1280.30 1516.67 11208.33 691.23
Pivot 1275.60 1507.83 11156.67 686.87
Support 1 1268.00 1492.67 11080.33 680.13
Support 2 1263.30 1483.83 11028.67 675.77
Support 3 1255.70 1468.67 10952.33 669.03
         
Contract (Sept 2006) Dec. Gold Euro Ten Years   US Bonds 
Resistance 3 653.1000 1.2838 106  2/32 108 10/32
Resistance 2 648.3000 1.2815 106      108  8/32
Resistance 1 643.8000 1.2782 105 29/32 108  3/32
Pivot 639.0000 1.2759 105 27/32 108  1/32
Support 1 634.5000 1.2726 105 24/32 107 28/32
Support 2 629.7000 1.2703 105 22/32 107 26/32
Support 3 625.2000 1.2670 105 19/32 107 21/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Tuesday, Aug 15th, 2006


Economic
08:30am Aug Empire Manufacturing (last 15.6), Jul Producer Price Index (last 0.5%), PPI Ex Food & Energy (last 0.2%)
09:00am Jun Net Foreign Security Purchases (last $69.6B)
01:00pm Aug NAHB Housing Market Index (last 39)
Events
ICSC/UBSW Chain Store Sales (7:45, last 3.4%). Redbook Retail Sales (8:55, last 3.2%). ABC Consumer Confidence (last -12). Trading Ex-split: RAI 2-1. Trades Ex-dividend: AVP $0.175, MSFT $0.09.
Earnings
Before the Open: AEOS BRL BJ CTR DE DKS FOSL HD SKS SCHS SPLS STP TJX WMT. After the Close: ANF AMAT GOLF HAR LZB PBY PETM PLAB SNDA.
 
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 1:11 PM 0 comments

Trading levels and reports for August 14th

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

Overnight Global News: S&Ps +7.20 on $1.19 sell-off in oil prices and the Israel-Hezbollah ceasefire; T-notes -4.5 ticks on nervousness ahead of this week's PPI and CPI reports.

  • A cease fire began earlier today at 8 AM Jerusalem time between Israel and Hezbollah that so far seems to be holding. However, the mechanics of Israel's withdrawal and the insertion of UN-backed troops and the Lebanese Army into Southern Lebanon remain uncertain. In addition, Hezbollah has not agreed to disarm.

  • Disruptions continued at Heathrow Airport in London today due to last week's terrorist scare and one third of flights were canceled today. However, the UK government today downgraded its terrorism alert to "severe" from "critical," which suggested the government believes they are getting a grip on the situation.

  • Eurozone Q2 GDP rose to +0.9% q/q (+3.6% annualized), which was a 6-year high. That was the first time in 5 years that the Eurozone GDP beat US GDP. The European Commission forecast that Eurozone GDP will ease to +2.8% in the second half of 2006 and then ease to +2.0% in Q1-2007.

  • China's July retail sales were very strong at +13.7% (vs +13.9% in June), showing little sign of responding to the Chinese government's tepid attempts to slow the economy to a more sustainable pace. However, the strong level of Chinese retail sales is a positive indication that Chinese domestic demand is improving, which would reduce the nation's dependence on exports and perhaps curb the Chinese trade surplus by boosting imports. The market is still looking for another rate hike from the Chinese central bank by the end of September.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1283.30 1514.00 11234.00 694.62
Resistance 2 1278.50 1506.00 11192.00 690.43
Resistance 1 1275.40 1501.00 11156.00 686.12
Pivot 1270.60 1493.00 11114.00 681.93
Support 1 1267.50 1488.00 11078.00 677.62
Support 2 1262.70 1480.00 11036.00 673.43
Support 3 1259.60 1475.00 11000.00 669.12
         
Contract (Sept 2006) British Pound Euro Ten Years   US Bonds 
Resistance 3 1.9084 1.2896 106 14/32 108 28/32
Resistance 2 1.9042 1.2862 106 11/32 108 22/32
Resistance 1 1.8981 1.2811 106  7/32 108 16/32
Pivot 1.8939 1.2777 106  4/32 108 10/32
Support 1 1.8878 1.2726 105 31/32 108  4/32
Support 2 1.8836 1.2692 105 28/32 107 30/32
Support 3 1.8775 1.2641 105 24/32 107 24/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Monday, Aug 14th, 2006


Economic
Events
Trading Ex-split: SLP 2-1, WFC 2-1. Trades Ex-dividend: HON $0.227.
Earnings
Before the Open: HEW MEND NVAX PACT ROC SYY VAL WRNC. After the Close: A CA CNCT CPII DWRI DEIX HSOA JAS KONG NWRE NTES.
 
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 6:25 AM 0 comments

Thursday, August 10, 2006

Trading levels and reports for Aug. 11th

 
*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 1291.33 1533.00 11293.67 709.25
Resistance 2 1284.17 1520.00 11234.33 700.50
Resistance 1 1279.33 1510.00 11189.67 694.00
Pivot 1272.17 1497.00 11130.33 685.25
Support 1 1267.33 1487.00 11085.67 678.75
Support 2 1260.17 1474.00 11026.33 670.00
Support 3 1255.33 1464.00 10981.67 663.50
         
Contract (Sept 2006) British Pound Euro Ten Years   US Bonds 
Resistance 3 1.9296 1.3086 106 27/32 109 16/32
Resistance 2 1.9199 1.3014 106 21/32 109  6/32
Resistance 1 1.9073 1.2919 106 16/32 108 29/32
Pivot 1.8976 1.2847 106 10/32 108 19/32
Support 1 1.8850 1.2752 106  5/32 108 10/32
Support 2 1.8753 1.2680 105 31/32 108     
Support 3 1.8627 1.2585 105 26/32 107 23/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Friday, Aug 11th, 2006


Economic
08:30am Jul Import Price Index (last 0.1%), Advance Retail Sales (last –0.1%), Retail Sales Less Autos (last 0.3%)
10:00am Jun Business Inventories (last 0.8%)
Events
CIBC Enterprise Software conference in NYC through 8/10. BofA Specialty Pharmaceutical conference in NYC through8/11. Trading Ex-split: PCAR 3-2. Trades Ex-dividend: EXC $0.40. Apple's World Wide Developer's Conference in SF through 8/11.
Earnings
Before the Open: CCUR IAG NXF SGDE. 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. 
 

posted by Cannon Trading at 1:10 PM 0 comments

Wednesday, August 09, 2006

Trading levels and reports for August 10th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
Another volatile day following FOMC.
 
My bias is still towards the downside, although with the wider ranges and stronger volatility, there are plenty of set ups for both long and short.
 
Plan your trade, set a stop, set a target and stay discipline.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1313.00 1554.67 11416.33 709.83
Resistance 2 1300.50 1539.83 11345.67 704.17
Resistance 1 1293.50 1517.67 11231.33 693.33
Pivot 1281.00 1502.83 11160.67 687.67
Support 1 1274.00 1480.67 11046.33 676.83
Support 2 1261.50 1465.83 10975.67 671.17
Support 3 1254.50 1443.67 10861.33 660.33
         
Contract (Sept 2006) British Pound Euro Ten Years   US Bonds 
Resistance 3 1.9261 1.3093 106 21/32 109 10/32
Resistance 2 1.9192 1.3015 106 17/32 109  2/32
Resistance 1 1.9124 1.2951 106 14/32 108 30/32
Pivot 1.9055 1.2873 106 10/32 108 22/32
Support 1 1.8987 1.2809 106  8/32 108 18/32
Support 2 1.8918 1.2731 106  4/32 108 10/32
Support 3 1.8850 1.2667 106  1/32 108  6/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, Aug 10th, 2006


Economic
08:30am Initial Jobless Claims (last 315K), Jun Trade Balance (last -$63.8B)
10:30am Natural Gas Inventories
01:00pm Treasury's 30-year Bond Auction results
02:00pm Jul Monthly Budget Statement (last -$53.4B)
Events
CIBC Enterprise Software conference in NYC through 8/10. BofA Specialty Pharmaceutical conference in NYC through8/11. CME replace KMG in S&P 500 after the close. Trades Ex-dividend: ROK $0.225. Apple's World Wide Developer's Conference in SF through 8/11.
Earnings
Before the Open: FLWS AAP AIRN UHAL STST BVF BGG EAT CRZO CYCL DISH FBST FS HNR JJZ JCP JADE MOVI OVRL PGN TGT TOMO THS URBN WW. During Trading Hours: PARL. After the Close: ACW ADI ANGO AXCA BAS BGFV CREE ELX EXPE FMD GG HEES KSS NVDA PSUN RRGB SNS VMC.
 
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 1:28 PM 0 comments

Tuesday, August 08, 2006

Trading levels and reports for August 9th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
FOMC day lived up to expectations with a few headfakes and some strong , two sided moves following the announcement.
 
My bias based on the market reaction is for a bit more downside pressure in the next couple of days.
 
LEVELS:
 
Contract (Sept. 2006)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1299.60 1531.50 11423.00 718.43
Resistance 2 1293.40 1520.00 11364.00 711.97
Resistance 1 1284.60 1505.00 11283.00 700.73
Pivot 1278.40 1493.50 11224.00 694.27
Support 1 1269.60 1478.50 11143.00 683.03
Support 2 1263.40 1467.00 11084.00 676.57
Support 3 1254.60 1452.00 11003.00 665.33
         
Contract (Sept 2006) British Pound Euro Ten Years   US Bonds 
Resistance 3 1.9275 1.3015 106 29/32 110  1/32
Resistance 2 1.9218 1.2972 106 24/32 109 26/32
Resistance 1 1.9160 1.2926 106 19/32 109 12/32
Pivot 1.9103 1.2883 106 14/32 109  5/32
Support 1 1.9045 1.2837 106  8/32 108 23/32
Support 2 1.8988 1.2794 106  3/32 108 16/32
Support 3 1.8930 1.2748 105 30/32 108  2/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Wednesday, Aug 9th, 2006


Economic
10:00am Jun Wholesale Inventories (last 0.8%)
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's 10-year Note Auction results
Events
MBA Mortgage Applications (7:00, last –1.2%). Bear Stearns India Conference in NYC through 8/9. CIBC Enterprise Software conference in NYC through 8/10. BofA Specialty Pharmaceutical conference in NYC through8/11. TOL update call. Trades Ex-dividend: BA $0.30, PFE $0.24. Apple's World Wide Developer's Conference in SF through 8/11.
Earnings
Before the Open: LEND ASEI RMK ASFI AVT BECN BRY BCRX BXC CSE CBI CNSL DK DQE DYN EFD EPL FD FWLT FTD HB HSP HGSI IMAX NRGY IFOX IIJI IPG JRCC KG LNY LCRY LFUS MIC MCCC NOVN PRGO HAWK SVNT TRK RMIX VIA.B WTI DIS WCI WON. After the Close: KDE ACS AIG ARII ATO ABTL BORL EPAY CALP CD COGO COSI CTRP DSX DTSI ECLG FICC HIMX IO IPAR KNTA LGF NWS OPTV PRSC STAK STXS SYMM THC NCTY TLCV UDRL URS USI WTHN WMD INT.
 
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 1:13 PM 0 comments

Fed Leaves Rates Steady, Gambling On Econ Slowdown

    =WSJ: Fed Leaves Rates Steady, Gambling On Econ Slowdown(DJ)

 
   By Greg Ip
   Of THE WALL STREET JOURNAL
 
  WASHINGTON (Dow Jones)--The Federal Reserve left interest rates
steady on Tuesday for the first time in two years, gambling that a
nascent economic slowdown will cap growing inflation pressures.
  In leaving its short-term interest rate target at 5.25%, the Fed
said: "Readings on core inflation have been elevated in recent
months," but "inflation pressures seem likely to moderate over
time, reflecting contained inflation expectations and the
cumulative effects of monetary policy actions and other factors."
  (This story and related background material will be available on
The Wall Street Journal's Web site, WSJ.com)
  For the first time since Ben Bernanke took over as chairman on
Feb. 1 from Alan Greenspan, the policy-setting Federal Open Market
Committee did not agree to the action unanimously. Federal Reserve
Bank of Richmond president Jeffrey Lacker dissented, favoring
instead another quarter-point increase.
  The statement said, as it did after the last meeting in June,
"Some inflation risks remain. The extent and timing of any
additional (increases) ... to address these risks will depend on
the evolution of the outlook for both inflation and economic
growth." The retention of that sentence, in effect, reflects a
continued bias, but not a presumption, to raise rates in the
future. The Fed effectively gave itself some breathing room to
assess the impact of the preceding 17 quarter-point rate increases
before deciding whether to hike again. Bernanke has been suggesting
since April that he was seeking more flexibility.
  "A pause does not mean a stop," said Stephen Stanley, chief
economist at RBS Greenwich Capital Markets. "And there's certainly
ample evidence the economy has been on a slowing trajectory over the
last couple months. There's enough evidence there for them to take
six weeks off."
  Signs of slowing growth and rising inflation have aroused deep
disagreements among economists on what the Fed should do. Some
economists think the Fed has already raised rates too far and is
courting recession; some think it must raise them further to stop
inflation from accelerating.
  Some say both things are true. "You can't fight inflation without
risking overkill on the economy," said Ethan Harris, chief U.S.
economist at Lehman Brothers, who thinks the Fed shouldn't have
paused and predicts it will eventually raise the rate to 5.75%.
"That is a risk, and it's a risk they should take." He added:
"It's not fair to Bernanke that he steps into his job just as the
economy is set to decelerate and inflation takes off."
  The Fed's view has been that inflation recently topped the
informal "comfort zone" of 1% to 2%, excluding food and energy,
primarily because firms have passed higher energy costs on to
consumers. If growth does not exceed "potential" -  the rate at
which the economy can grow without straining the available
workforce and capital stock - and energy prices stabilize, the Fed
figures inflation should drop back. Meanwhile, it believes that as
the housing market cools and consumer spending slows, business
investment and exports will pick up the slack.
  But recent data have not been supportive of that view. Economic
growth slowed to 2.5% annual rate in the second quarter, in part
because of a surprise drop in business equipment investment.
Macroeconomic Advisers, a forecasting firm, predicts it will grow
at about the same moderate rate in the current quarter. Payroll
growth was sluggish, and the unemployment rate rose in July.
  But at the same time, inflation has ticked higher, and new data on
productivity, growth and labor costs suggest that inflation
pressures have been bubbling longer than previously realized.
  The Labor Depa