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Post by ask2lern on Oct 28, 2010 6:38:03 GMT -5
Morning Gang!!
Here are the pivots……….…hope everyone has a great day …………………GLTA
XLF
R3 14.88
R2 14.72
R1 14.65
PP 14.56
S1 14.49
S2 14.40
S3 14.24
SPY
R3 120.55
R2 119.30
R1 118.84
PP 118.05
S1 117.59
S2 116.80
S3 115.55
GOLD
R4 1367.47
midpoint 1360.47
R3 1353.47
midpoint 1346.47
R2 1339.47
Midpoint 1336.10
R1 1332.73
midpoint 1329.10
PP 1325.47
midpoint 1322.10
S1 1318.73
midpoint 1315.10
S2 1311.47
midpoint 1304.47
S3 1297.47
midpoint 1290.47
S4 1283.47
SILVER
R4 24.63
midpoint 24.45
R3 24.27
midpoint 24.09
R2 23.91
midpoint 23.83
R1 23.75
midpoint 23.65
PP 23.55
midpoint 23.47
S1 23.39
midpoint 23.29
S2 23.19
midpoint 23.01
S3 22.83
midpoint 22.65
S4 22.47
IMW
R3 72.38
R2 71.30
R1 70.91
PP 70.22
S1 69.83
S2 69.14
S3 68.06
TNA
R4 59.97
midpoint 58.73
R3 57.50
midpoint 56.26
R2 55.03
midpoint 54.57
R1 54.10
midpoint 53.33
PP 52.56
midpoint 52.10
S1 51.63
midpoint 50.86
S2 50.09
midpoint 48.85
S3 47.62
midpoint 46.38
S4 45.15
TZA
R4 25.79
Midpoint 25.28
R3 24.76
midpoint 24.25
R2 23.73
midpoint 23.41
R1 23.09
midpoint 22.90
PP 22.70
midpoint 22.38
S1 22.06
midpoint 21.87
S2 21.67
midpoint 21.16
S3 20.64
midpoint 20.13
S4 19.61
SDS
R3 28.69
R2 28.12
R1 27.76
PP 27.55
S1 27.19
S2 26.98
S3 26.41
………………………..GLTA
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Post by ask2lern on Oct 28, 2010 6:39:23 GMT -5
From www.optionmonster.com .....................................GLTA Nasdaq breaks above resistanceOctober 28, 2010 Thu 12:18 AM CT The Nasdaq 100 was the one index that managed to break above resistance yesterday, fueled by a bounce in semiconductors, but it could not hold onto the gains. Once again an earlier big move at the beginning of the session reversed late in the day, leaving the S&P 500 and the Russell 2000 with smaller losses and more or less in the middle of their ranges. It is worth noting that the S&P 500 did break support, quite deeply, before the snap-back. The behavior of that index needs to be watched closely as its ascent is slowing noticeably. There are no changes to levels for today, other than an update of support levels for the S&P 500 based on its 10-day moving average. 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 1179.58, the 10-day moving average. First resistance is at 1197.50. For the Standard & Poor's Depository Receipts (SPY) first support is at $118.03, 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 28, 2010 6:41:25 GMT -5
From www.optionmonster.com ..............................GLTA Bull makes large bet on dollar ETFOctober 28, 2010 Thu 12:28 AM CT One option trader is making a big bet on a moderately higher dollar. The PowerShares DB U.S. Dollar Index Bullish (UUP) exchange-traded fund appears to be again trying to break higher. The ETF finished the session at $22.65, up 0.58 percent on the day, and looks as if it has formed a base around $22.30 after trading down from a 52-week high of $25.84 back in June. Today's move also came on the highest volume in more than five months. The average daily option volume is a respectable 36,458 in the last month, but yesterday saw more than 226,000 contracts change hands. Two-thirds of that volume was in a large vertical spread as a trader bought 54,800 March 23 calls in one print for $0.61 and sold 104,185 March 24 calls for $0.34 several minutes later in two trades. The volume at both strikes was more than open interest, so this was a new opening call ratio spread. This spread will take its maximum profit if shares are at $24 at expiration. And as the trade takes in a credit of $0.07, it will profit regardless of how far the UUP might fall. (See our Education section) The risk exposure of the trade is if the ETF runs too much higher, as the trader is effectively short shares above $24. However, the UUP must be above $25 at expiration for a loss, a level that was briefly exceeded back at the highs in May and June. By: Chris McKhann |
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Post by ask2lern on Oct 28, 2010 6:42:19 GMT -5
From www,optionmonster.com .................................GLTA
Markets focus on jobless numbers
October 28, 2010 Thu 12:08 AM CT
There is just one economic report for today, but it will be a key one as far as trader confidence is concerned.
At 8:30 a.m. ET, Jobless Claims will be reported. Initial claims are not expected to move very far. The consensus estimate calls for a rise to 453,000, up slightly from last week's 452,000.
The range is also quite small this time around, which increases the probability of a surprise. At the bullish end, a drop to 430,000 claims is forecast; at the bearish end, a rise to 460,000 is expected.
A number that breaks either end of the range has the potential to have a major impact on the markets.
By: Bryan McCormick
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Post by ask2lern on Oct 28, 2010 6:50:58 GMT -5
From Stocktwits.................... "ukarlewitz RT @jackdamn: Since 1949, the month of November has outperformed the broader market in every decade. is.gd/gne0O $STUDY Oct. 27 at 9:54 PM" Now I must ask...................Sept has historically been a very bad month but NOT this year...............so does the reverse happen in NOV as it did in Sept?....................Guess will have to wait and see............GL |
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Post by ask2lern on Oct 28, 2010 6:53:19 GMT -5
more from stocktwits.....................GL
ukarlewitz
Another drop in breadth sends $NYMO to -24 and $NYSI Summation further down to 898. ST and LT breadth continues to deteriorate $SPY
Oct. 27 at 8:20 PM
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Post by abdogman on Oct 28, 2010 6:58:46 GMT -5
Good Morning Gang....Ask Thanks for the start nmbrs and info..Good Luck All!!!!
back for the OPEN
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Post by abdogman on Oct 28, 2010 7:31:27 GMT -5
0830 Initial Claims 434K vs 458K Briefing.com consensus, prior revised to 455K from 452K
Continuing Claims falls to 4.356 mln from 4.478 mln
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Post by clearwaters on Oct 28, 2010 7:35:26 GMT -5
Thanks Abdog and Ask for all the info. Have a wonderful, profitable day!
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Post by kbk3ck on Oct 28, 2010 7:53:36 GMT -5
Thanks Ask ans Ab. Yall Rock!!
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Post by ask2lern on Oct 28, 2010 8:16:19 GMT -5
From Stocktwits......................GL ukarlewitz $UUP If it holds >22.3 a series of higher lows will remain Current PM price 22.46 is the bottom of Tues and 5dayMA fsc.bz/8I9 #WORDEN Oct. 28 at 8:05 AM |
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Post by abdogman on Oct 28, 2010 8:34:32 GMT -5
xlf 14.69 on 1m
macd + on 1m xlf fas
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Post by deadmoney95 on Oct 28, 2010 8:34:55 GMT -5
Hey hey, everyone.
Carl F:
December S&P E-mini Futures: Today's range estimate is 1182-95. 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 Wednesday and then continued the pullback from monday’s uptrend high at SPX 1196. Thus far, this pullback (24 points) has been similar to many of the pullbacks during the past couple of weeks, and during this Intermediate wave three rally which began in early September. The short term structure, starting in the second week of this month, has become quite complex. This creates a number of possibilities. For now, we’re continuing with what we consider the most probable.
We marked the SPX 1196 high as the potential end for Intermediate wave three. This would suggest the market is now in Intermediate wave four, with support between the 1136, 1146 and 1168 pivots. We also posted a potential count displaying that the market is still in Intermediate wave three and now Minute wave three of Minor wave 5. We also offer, however, another count on the DOW hourly chart. This suggests Intermediate wave three is still unfolding as well. Either way, the Major wave 1 July uptrend remains intact while the market works out these short term waves. Best to your trading!
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Post by abdogman on Oct 28, 2010 8:38:54 GMT -5
xlf 14.665 on 1m
bb's spreading and xlf fas on top band
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Post by abdogman on Oct 28, 2010 8:42:57 GMT -5
macd just neg on 1m xlf fas
xlf 14.66 on 1m
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Post by ask2lern on Oct 28, 2010 8:44:29 GMT -5
No position and no real bia yet but here are the SPY levels I am looking at S 118.78 PP 118.99 R119.12.....................GLTA
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Post by abdogman on Oct 28, 2010 8:48:03 GMT -5
xlf 14.64 on 1m
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Post by ask2lern on Oct 28, 2010 8:48:26 GMT -5
Samll SPY 118 CALL @ 2.67.........GL
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Post by abdogman on Oct 28, 2010 8:48:49 GMT -5
BB's narrowing on 1m xlf fas faz now
macd neg on 1m xlf fas
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Post by abdogman on Oct 28, 2010 8:49:53 GMT -5
eur/usd and aud/jpy both dropping slowly
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Post by ask2lern on Oct 28, 2010 8:50:33 GMT -5
Samll SPY 118 CALL @ 2.67.........GL Added avg 2.65 |
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Post by abdogman on Oct 28, 2010 8:57:04 GMT -5
xlf 14.63 on 1m
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Post by ask2lern on Oct 28, 2010 8:57:22 GMT -5
seems to be sellers @ SPY 118.90 for the moment................GL
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Post by ccash04 on Oct 28, 2010 9:01:57 GMT -5
Doubtful those sellers will stay there when they get hit in the face with POMO, which starts in 14 mins.
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Post by abdogman on Oct 28, 2010 9:03:31 GMT -5
Macd barely + on 1m xlf fas
BB's narrow range on 1m xlf 14.6778-14.6177
xlf 14.66 on 1m
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Post by ccash04 on Oct 28, 2010 9:05:02 GMT -5
UUP in the dumpster.. its down almost a whole %.. no reason for stocks not to run unless...
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Post by brosin on Oct 28, 2010 9:11:11 GMT -5
paper trade alert! lol...
i sold a few of my SPY $117 weekly calls for 30% gain, still holding a bunch and loving it
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Post by abdogman on Oct 28, 2010 9:13:04 GMT -5
unless 3.5mil share red candle on 1m xlf keeps happening like it just did...
\ xlf 14.61 on 1m
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Post by ask2lern on Oct 28, 2010 9:14:13 GMT -5
Samll SPY 118 CALL @ 2.67.........GL Added avg 2.65 Last add avg 2.62........................GL |
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Post by ccash04 on Oct 28, 2010 9:15:03 GMT -5
Let it begin!
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