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Post by ask2lern on Oct 27, 2010 6:08:54 GMT -5
Morning Gang!! Here are the pivots……….…hope everyone has a great day …………………GLTA
XLF
R3 14.82 R2 14.68 R1 14.63
PP 14.54
S1 14.49 S2 14.40 S3 14.26
SPY
R3 120.42 R2 119.45 R1 119.08
PP 118.48
S1 118.11 S2 117.51 S3 116.54
GOLD
R4 1385.30 midpoint 1377.30 R3 1369.30 midpoint 1361.30 R2 1353.30 Midpoint 1350.30 R1 1347.30 midpoint 1342.30
PP 1337.30
midpoint 1334.30 S1 1331.30 midpoint 1326.30 S2 1321.30 midpoint 1313.30 S3 1305.30 midpoint 1297.30 S4 1289.30
SILVER
R4 26.09 midpoint 25.69 R3 25.28 midpoint 24.88 R2 24.47 midpoint 24.32 R1 24.17 midpoint 23.92
PP 23.66
midpoint 23.51 S1 23.36 midpoint 23.11 S2 22.85 midpoint 22.45 S3 22.04 midpoint 21.64 S4 21.23
IMW
R3 72.98 R2 71.80 R1 71.24
PP 70.62
S1 70.06 S2 69.44 S3 68.26
TNA
R4 61.37 midpoint 60.05 R3 58.72 midpoint 57.40 R2 56.07 midpoint 55.46 R1 54.84 midpoint 54.13
PP 53.42
midpoint 52.81 S1 52.19 midpoint 51.48 S2 50.77 midpoint 49.45 S3 48.12 midpoint 46.80 S4 45.47
TZA
R4 25.67 Midpoint 25.12 R3 24.56 midpoint 24.01 R2 23.45 midpoint 23.16 R1 22.86 midpoint 22.60
PP 22.34
midpoint 22.05 S1 21.75 midpoint 21.49 S2 21.23 midpoint 20.68 S3 20.12 midpoint 19.57 S4 19.01
SDS
R3 28.23 R2 27.79 R1 27.52
PP 27.35
S1 27.08 S2 26.91 S3 26.47
………………………..GLTA
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Post by ask2lern on Oct 27, 2010 6:10:17 GMT -5
From www.optionmonster.com ...............GLTA Major index levels end almost flatOctober 27, 2010 Wed 12:11 AM CT Once again a day that seemed to start out with a clear direction ended close to completely flat. As a result, levels for all of the indexes hardly moved. Other than an update for support in the S&P 500, there are no changes for today. 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 1179.15, the 10-day moving average. First resistance is at 1197.50. For the Standard & Poor's Depository Receipts (SPY) first support is t $117.99, 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 ask2lern on Oct 27, 2010 6:16:17 GMT -5
From www.optionmonster.com ..............................GLTA Durable goods top economic dataOctober 27, 2010 Wed 12:02 AM CT The economic calendar is short today, with durable goods probably the key report for traders as a barometer of demand. First up will be MBA Purchase Applications at 7 a.m. ET. I look only at the purchases sub-component of the mortgage report, as it indicates new activity and not refinancing. There is no forecast available for the report. The last week's purchases number came in at 169.7. A reading higher or lower than the previous week's level by 5 percent or more would be bullish or bearish, respectively. Durable Goods Orders will be released at 8:30 a.m. ET. The headline number is expected to come in at 2 percent. The range of expectations runs from a bearish -0.1 percent to a very bullish 0.8 percent. New Home Sales come out at 10 a.m. ET. The consensus forecast is for sales to increase slightly to 0.3 million units. At the bearish low end of the range, sales of 0.27 million are forecast; at the bullish upper end, sales of 0.33 million units are predicted. The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Before the government-run EIA data comes out, the private American Petroleum Institute releases its own supply data. The API report, which came out yesterday after the market closed, showed a much larger-than-expected build. The forecast had been for a build of 1.1 million barrels, but it was 6.432 million instead. If the EIA data confirms a large build, it could be bearish for crude pricing. If the build is smaller than 1.1 million barrels, or a negative number indicating a draw, it could be bullish for crude pricing. The EIA and API reports do not always agree in magnitude or direction. (Chart courtesy of tradeMONSTER) By: Bryan McCormick
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Post by ask2lern on Oct 27, 2010 7:04:43 GMT -5
From Stocktwits......................GLTA ukarlewitz Not a Cassandra, but noting that Vix crossed above the 20day MA on 4/16, $SPY peaked 4/26. Vix now above the 20 Watch if it sneaks higher Oct. 26 at 11:05 PM ukarlewitz $NYSI Summation index peaked Oct 18 has been declining since Watching for trend in breadth after nearly reaching 1000 $SPY Oct. 26 at 11:09 PM ukarlewitz Cobra: 2 days in a row both VIX and $SPY green. Since 2000 short at today’s close cover on the very first down day winning rate is 70% Oct. 26 at 10:42 PM
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Post by ask2lern on Oct 27, 2010 7:08:33 GMT -5
Had to add this one from stocktwits for a good laugh................LOL
wsmco welcome to neverneverland: $SPY down 56 cents to 118.13 as fed MIGHT "only" "give" $300 bil vs. $500 bil. next stop you can pet the unicorns
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Post by abdogman on Oct 27, 2010 7:08:38 GMT -5
Good Morning Gang....Ask thank you for the start and nmbrs and info.....back for the open!!!GLTA!!
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Post by abdogman on Oct 27, 2010 7:33:27 GMT -5
0830EDT Briefing .com
September Durable Orders- ex trans -0.8% vs +0.2% Briefing.com consensus, prior revised to +1.9% from +2.0%
September Durable Orders +3.3% vs +1.8% Briefing.com consensus, prior revised to -1.0% from -1.3%
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Post by deadmoney95 on Oct 27, 2010 8:27:32 GMT -5
Morning all, and thanks.
Carl F:
December S&P E-mini Futures: Today's range estimate is 1174-1189. 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.
Caldaro:
The market opened lower Tuesday AM and created another one of those ‘about 20 point’ pullbacks from a new uptrend high. Since the second week of October we have seen four successive pullbacks of this type after every marginal new high. We had a congestion period like this during the last two weeks of September, when the market was trying to clear the SPX 1150 Major wave 3 high. Once the SPX finally closed above that level the rally resumed. This time we are dealing with the OEW 1187 pivot. Looks like the market will need to close above this level to finally clear it. The SPX closed at 1186 yesterday and 1186 again today. The NDX, btw, is only about 5% from its 2007 high. Best to your trading!
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Post by abdogman on Oct 27, 2010 8:33:24 GMT -5
xlf 14.49 on 1m
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Post by abdogman on Oct 27, 2010 8:35:42 GMT -5
xlf 14.53 on 1m
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Post by abdogman on Oct 27, 2010 8:37:46 GMT -5
xlf 14.56 on 1m macd now + on 1m xlf fas
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Post by abdogman on Oct 27, 2010 8:38:42 GMT -5
4 mil share green candle last min on 1m xlf xlf 14.575 on 1m
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Post by deadmoney95 on Oct 27, 2010 8:40:33 GMT -5
ukarlewitz Non POMO days have tended to be open>close. POMO days are 9 of 11 green. Tomorrow is the next one
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Post by abdogman on Oct 27, 2010 8:45:44 GMT -5
BB's on 1m xlf are spread wide macd rolling over toward 0 line on 1m xlf fas xlf 14.55 on 1m
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Post by abdogman on Oct 27, 2010 8:46:51 GMT -5
macd neg now on 1m xlf fas xlf 14.53 on 1m
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Post by abdogman on Oct 27, 2010 8:50:30 GMT -5
macd now + on 1m xlf fas xlf 14.575 on 1m
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Post by abdogman on Oct 27, 2010 8:52:24 GMT -5
xlf 14.59 on 1m
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Post by abdogman on Oct 27, 2010 8:53:52 GMT -5
eur/usd nearing 1.37999
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Post by abdogman on Oct 27, 2010 8:54:32 GMT -5
BB's narrowing on 1m xlf fas faz macd still + on 1m xlf fas xlf 14.582 on 1m
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Post by abdogman on Oct 27, 2010 8:54:59 GMT -5
New Home sales at 1000EDT
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Post by abdogman on Oct 27, 2010 8:57:26 GMT -5
xlf 14.595 on 1m
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Post by abdogman on Oct 27, 2010 8:59:20 GMT -5
xlf 14.60 on 1m
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Post by abdogman on Oct 27, 2010 9:00:39 GMT -5
1000EDT
September New Home Sales 307K vs 299K Briefing.com consensus, M/M change +6.6%
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Post by abdogman on Oct 27, 2010 9:00:58 GMT -5
xlf 14.615 on 1m
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Post by abdogman on Oct 27, 2010 9:03:27 GMT -5
***********Eur dropping hard
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Post by abdogman on Oct 27, 2010 9:03:59 GMT -5
macd neg now on 1m xlf fas xlf 14.59 on 1m
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Post by abdogman on Oct 27, 2010 9:06:55 GMT -5
BB's narrowing on 1m xlf fas faz macd - on 1m xlf fas xlf 14.58
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Post by abdogman on Oct 27, 2010 9:07:59 GMT -5
eur/usd 1.3787
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Post by abdogman on Oct 27, 2010 9:15:28 GMT -5
BB range on 1m xlf is 14.6133-14.5687
xlf 14.60 on 1m
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Post by ccash04 on Oct 27, 2010 9:17:58 GMT -5
for the past two weeks we have gone nowhere.
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