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Post by ask2lern on Oct 26, 2010 6:28:31 GMT -5
Morning Gang!! Here are the pivots……….…hope everyone has a great day …………………GLTA
XLF
R3 15.05 R2 14.83 R1 14.69
PP 14.61
S1 14.47 S2 14.39 S3 14.17
SPY
R3 121.32 R2 120.17 R1 119.44
PP 119.02
S1 118.29 S2 117.87 S3 116.72
GOLD
R4 1387.57 midpoint 1379.72 R3 1371.87 midpoint 1364.02 R2 1356.17 Midpoint 1352.45 R1 1348.73 midpoint 1344.60
PP 1340.47
midpoint 1336.75 S1 1333.03 midpoint 1328.90 S2 1324.77 midpoint 1316.92 S3 1309.07 midpoint 1301.22 S4 1293.37
SILVER
R4 24.93 midpoint 24.71 R3 24.50 midpoint 24.28 R2 24.07 midpoint 23.97 R1 23.86 midpoint 23.75
PP 23.64
midpoint 23.54 S1 23.43 midpoint 23.32 S2 23.21 midpoint 22.99 S3 22.78 midpoint 22.56 S4 22.35
IMW
R3 73.29 R2 72.09 R1 71.41
PP 70.89
S1 70.21 S2 69.69 S3 68.49
TNA
R4 60.33 midpoint 59.31 R3 58.29 midpoint 57.27 R2 56.25 midpoint 55.61 R1 54.97 midpoint 54.59
PP 52.21
midpoint 53.57 S1 52.93 midpoint 52.55 S2 52.17 midpoint 51.15 S3 50.13 midpoint 49.11 S4 48.09
TZA
R4 24.64 Midpoint 24.20 R3 23.76 midpoint 23.32 R2 22.88 midpoint 22.71 R1 22.54 midpoint 22.27
PP 22.00
midpoint 21.83 S1 21.66 midpoint 21.39 S2 21.12 midpoint 20.68 S3 20.24 midpoint 19.80 S4 19.36
SDS
R3 28.14 R2 27.62 R1 27.43
PP 27.10
S1 26.91 S2 26.58 S3 26.06
………………………..GLTA
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Post by ask2lern on Oct 26, 2010 6:29:36 GMT -5
From www.optionmonster.com ..............................GLTA Retail, housing reports on docketOctober 26, 2010 Tue 6:02 AM CT Retail, housing, and the consumer will dominate the calendar for today, which is the heaviest day for economic releases until Friday. At 7 a.m. ET, the ICSC-Goldman Store Sales report will be released. There are two parts to the report, the week-over-week and the year-over-year changes. Most traders focus on the year-over-year number, as it is a better indicator of the longer-term trend. The last week-over-week change came in at -0.7 percent. The year-over-year data in the previous report registered 1.7 percent. Stronger-than-expected positive numbers would be seen as bullish, while negative numbers would be bearish. Redbook Store Sales will be reported at 8:55 a.m. ET. As with the ICSC-Goldman report, there are two components to watch. One is the more volatile month-over-month change and the other is the year-over-year data, which shows the broader trend best. The last month-over-month reading was 0.2 percent, and the year-over-year result came in at 2.7 percent. Negative numbers in either series would be bearish. At 9 a.m. ET, we will see the first of two housing data points for the day. The Case/Shiller Home Price Index is expected to show a seasonally adjusted reading of -0.2 percent, while the non-seasonally adjusted figure is expect to come in at 0.2 percent. As is often the case for housing, the range of expected values is wide. For the seasonally adjusted data, a bearish low of -1.1 percent is the most pessimistic forecast. At the high end, a bullish gain of 0.8 percent is expected. For the non-seasonal data, a bearish -0.4 percent is at the low end of the range, with a bullish gain of 0.9 percent expected at the high end. The Conference Board's Consumer Confidence Index, released at 10 a.m. ET, is forecast to rise slightly to 49.5 from the previous 48.5. At the bearish end of expectations, a reading of 45 is forecast, while a bullish 53 is expected by the most optimistic economists. The FHFA's House Price Index will be the last release of the day, also at 10 a.m. ET. There is no forecast available for this report, which last came in at -0.5 percent. A gain or loss that is in the -1 to 1 percent range would be alternately bearish or bullish. By: Bryan McCormick
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Post by ask2lern on Oct 26, 2010 6:31:41 GMT -5
from www.optionmonster.com .........................GLTA Why puts are driving VXX activityOctober 26, 2010 Tue 6:08 AM CT The VXX exchange-traded note has posted another new closing low, and the heavy options volume yesterday was led by the puts. The iPath S&P 500 VIX Short-Term Futures ETN finished at $12.65, down 1.4 percent on the day and above the day's low--which is also the all-time low--of $12.35. This is the sixth closing low in seven trading days for the stock, which has lost half its value in the last two months. Almost 87,000 VXX options traded on Monday compared with an average of fewer than 50,000 a day. optionMONSTER systems show that 10,000 each of the December 10, 11, and 12 puts traded. The December 12 puts traded for $1.09, apparently bought, while the December 11 and 10 puts were sold for $0.62 and $0.32 respectively. The volume at the December 10 strike may have been a closing order because it was less than open interest, but it appears that this trade was what is known as a Christmas tree. The trader sets up a bearish position in the VXX, making a maximum profit if it falls to $11. This would basically correspond to an equity market that is either stable or continuing to climb. But the VXX clearly has a serious headwind in its structure with the premiums in the VIX futures that it comprises. And while the VIX can't go to zero, the VXX can.By: Chris McKhann
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Post by ask2lern on Oct 26, 2010 6:36:27 GMT -5
From www.optionmonster.com ...................................GLTA Nasdaq barely breaks resistanceOctober 26, 2010 Tue 6:14 AM CT It was another day in which a breakout appeared all but guaranteed, then fizzled away. At the close, the lingering bullish indifference of recent days held the upper hand as far as the indexes are concerned. Some key levels were taken out on an intraday basis, but as the afternoon wore on and the financial stocks weakened, traders turned blase. They didn't sell stocks heavily, but they didn't defend index levels either. In an earnings season that has had a great deal of good news, you'd be hard pressed to see the enthusiasm. We are only above the April highs, and not by much, in the Nasdaq 100 and some distance away in both the S&P 500 and the Russell 2000. That may become a very important fact as earnings news subsides in the next two weeks. The Nasdaq 100 remained the upside leader, breaking its resistance level by just a few points, but nonetheless gets new levels for today. After the market closed yesterday, both Amgen and Texas Instruments failed to impress. The S&P 500 squeaked higher by a fraction of a point above its resistance level. With the futures pointing downward, it may not move much higher unless the earnings reports in the morning spark some upside. It gets fresh resistance as well, but keep yesterday's resistance value of 1185.53 in mind as it could well be important again if today's news disappoints. The Russell 2000 remains as it has been for several sessions with no major changes. Nasdaq 100 (NDX) First support is at 2097.73. First resistance is at 2127.06. For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $51.50. First resistance is at $52.23. S&P 500 (SPX) First support is at 1177.56, the 10-day moving average. First resistance is at 1197.50. For the Standard & Poor's Depository Receipts (SPY) first support is at $117.81, the 10-day moving average. First resistance is at $119.03. Russell 2000 (RUT) First support is at 690.11. First resistance is at 710.64. For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $68.95. First resistance is at $71.14. By: Bryan McCormick
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Post by abdogman on Oct 26, 2010 7:02:26 GMT -5
Good Morning Gang...Ask thx for the start....GLTA!
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Post by abdogman on Oct 26, 2010 7:31:49 GMT -5
the euro is dropping
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Post by brosin on Oct 26, 2010 8:26:56 GMT -5
Morning all
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Post by ask2lern on Oct 26, 2010 8:28:10 GMT -5
From stocktwits..................................GKTA
ukarlewitz Dollar is pushing Friday's upper bound ($UUP 22.47) while bonds are pushing recent lows ($TLT 100.9) $SPY Oct. 26 at 7:46 AM
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Post by abdogman on Oct 26, 2010 8:33:50 GMT -5
xlf 14.48 on1m just above S1
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Post by deadmoney95 on Oct 26, 2010 8:35:21 GMT -5
Hey hey, all.
Carl F:
December S&P E-mini Futures: Today's range estimate is 1175-1189. I believe the ES has started a breakout move that will carry it above the April top at 1216 over the next two or three weeks.
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Post by abdogman on Oct 26, 2010 8:37:38 GMT -5
eur/usd still dropping and aud/jpy
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Post by abdogman on Oct 26, 2010 8:39:20 GMT -5
xlf 14.50 on 1m
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Post by abdogman on Oct 26, 2010 8:45:11 GMT -5
macd now + on 1m xlf fas xlf 14.51 on 1m
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Post by abdogman on Oct 26, 2010 8:46:02 GMT -5
BB's narrowing on 1m xlf fas faz
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Post by brosin on Oct 26, 2010 8:49:04 GMT -5
I'm interested to see if the VIX stays up today - even with the market green all day yesterday, the divergence was there with the VIX quite elevated throughout
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Post by abdogman on Oct 26, 2010 8:49:26 GMT -5
xlf 14.52 on 1m
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Post by abdogman on Oct 26, 2010 8:49:51 GMT -5
I'm interested to see if the VIX stays up today - even with the market green all day yesterday, the divergence was there with the VIX quite elevated throughout Me Too!
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Post by abdogman on Oct 26, 2010 9:00:46 GMT -5
1000edt
October Consumer Confidence 50.2 vs 49.0 Briefing.com consensus, September 48.5
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Post by abdogman on Oct 26, 2010 9:01:29 GMT -5
1000edt
August FHFA Home Price Index +0.4%, July -0.5%
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Post by abdogman on Oct 26, 2010 9:01:57 GMT -5
xlf 14.54 on 1m
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Post by abdogman on Oct 26, 2010 9:21:04 GMT -5
xlf 14.57 on 1m
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Post by Rich on Oct 26, 2010 9:23:23 GMT -5
LVS in the 40's....
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Post by abdogman on Oct 26, 2010 9:24:00 GMT -5
BB's on 1m xlf have spread to a range of 14.5846-14.5157
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Post by abdogman on Oct 26, 2010 9:28:38 GMT -5
macd neg now on 1m xlf fas BB's narrowing on 1m xlf fas faz xlf 14.56 on 1m
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Post by abdogman on Oct 26, 2010 9:40:35 GMT -5
xlf 14.54 on 1m
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Post by deadmoney95 on Oct 26, 2010 9:46:27 GMT -5
update from Carl F: 4.bp.blogspot.com/_sL6ril9lDkw/TMbmB_ZYGeI/AAAAAAAACbg/dNf-BXr0Jz8/s1600/101025+1028+am.jpgHere is an hourly bar chart showing 24 hour e-mini trading. As you can see yesterday's high fell short of my 1200 target at the top of the red trend channel, but today's low at 1174 (and I do think this is the low of the drop from yesterday's 1193 high) did not reach the low of the channel either. This makes me suspect that a new, steeper channel is in the making and I have drawn it in green on this chart. If I am right the market will rally to the green oval, the confluence of the upper channel lines and the April 2010 top at 1216 (red dash line). This upside target is the 1210-16 zone. I still think that the ES is headed for 1300 and higher by April 2011.
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Post by abdogman on Oct 26, 2010 9:54:56 GMT -5
macd back to + on 1m xlf fas for the last 3 mins xlf 14.55 on 1m BB range on 1m xlf 14.5612-14.5251
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Post by abdogman on Oct 26, 2010 10:00:23 GMT -5
BB's spreading slowly on 1m xlf fas faz xlf 14.57 on 1m
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Post by abdogman on Oct 26, 2010 10:06:30 GMT -5
macd neg now on 1m xlf fas xlf 14.53 on 1m
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Post by abdogman on Oct 26, 2010 10:07:27 GMT -5
eur/usd falling
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