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Post by ask2lern on Oct 29, 2010 6:40:44 GMT -5
Morning Gang!! Here are the pivots……….…hope everyone has a great day …………………GLTA
XLF
R3 15.01 R2 14.80 R1 14.69
PP 14.59
S1 14.48 S2 14.38 S3 14.17
SPY
R3 121.01 R2 119.73 R1 119.06
PP 118.45
S1 118.12 S2 117.78 S3 115.89
GOLD
R4 1394.57 midpoint 1385.52 R3 1376.47 midpoint 1367.42 R2 1358.37 Midpoint 1355.05 R1 1351.73 midpoint 1346.00
PP 1340.27
midpoint 1336.95 S1 1333.63 midpoint 1327.90 S2 1322.17 midpoint 1313.12 S3 1304.07 midpoint 1295.02 S4 1288.97
SILVER
R4 25.34 midpoint 25.10 R3 24.86 midpoint 24.62 R2 24.38 midpoint 24.30 R1 24.21 midpoint 24.06
PP 23.90
midpoint 23.82 S1 23.73 midpoint 23.58 S2 23.42 midpoint 23.18 S3 22.94 midpoint 22.70 S4 22.46
IMW
R3 73.06 R2 71.69 R1 70.88
PP 70.32
S1 69.51 S2 68.95 S3 67.58
TNA
R4 61.73 midpoint 60.23 R3 58.74 midpoint 57.24 R2 55.75 midpoint 54.88 R1 54.00 midpoint 53.38
PP 52.76
midpoint 51.89 S1 51.01 midpoint 50.39 S2 49.77 midpoint 48.27 S3 46.78 midpoint 45.28 S4 43.79
TZA
R4 26.43 Midpoint 25.79 R3 25.15 midpoint 24.51 R2 23.87 midpoint 23.60 R1 23.33 midpoint 22.96
PP 22.59
midpoint 22.32 S1 22.05 midpoint 21.68 S2 21.31 midpoint 20.67 S3 20.03 midpoint 19.39 S4 18.75
SDS
R3 28.55 R2 27.95 R1 27.65
PP 27.35
S1 27.05 S2 26.75 S3 26.15
………………………..GLTA
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Post by ask2lern on Oct 29, 2010 6:42:03 GMT -5
From www.optionmonster.com ..........................GLTA Nasdaq resistance changes slightlyOctober 29, 2010 Fri 12:17 AM CT The markets once again got off to a strong start in the morning, only to see the move fade into a narrow and listless range by midday in yesterday's session. That actually is how the indexes have been lurching through this earnings season. We have had days that are largely flat, punctuated by gaps in the morning that then get filled. The result is a virtual flat line in all but the Nasdaq 100, which has seen fewer gaps filled. Even though the NDX has outperformed the other indexes, the trend has been much flatter than what we might have seen in a typical week with strong earnings news. It is a peculiar situation in which any selloff is bought, but rallies are also sold down to near unchanged by day's end. Will the midterm elections on Tuesday spell a serious change, or perhaps the next Fed meeting? Depending on whom you ask, traders seem to think that either event will be the catalyst that will change everything. The problem with that thesis is that, despite having positive catalysts handed to them on a platter lately, the bulls haven't made much of them. We will just have to wait and see if November will lead to true clarity. As a result of the relative inaction yesterday, levels once again have not changed very much. The Nasdaq 100 gets new resistance, only by a hair. Neither the S&P 500 nor the Russell 2000 saw enough action to move levels beyond a minor update for support. Nasdaq 100 (NDX) First support is at 2097.73. First resistance is at 2131.08. For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $51.50. First resistance is at $52.39. S&P 500 (SPX) First support is at 1180.57, the 10-day moving average. First resistance is at 1197.50. For the Standard & Poor's Depository Receipts (SPY) first support is at $118.13, 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 29, 2010 6:43:47 GMT -5
From www.optionmonster.com ................................GLTA Dollar ETF draws big put sellingOctober 29, 2010 Fri 12:08 AM CT The UUP dollar exchange-traded fund yesterday gave up most of the gains of the last two days, but traders sold puts into the selloff. The PowerShares DB U.S. Dollar Index Bullish Index fell more than 1 percent, giving up most of the gains from the last two days and close at $22.41, just a bit above Monday's close. While Thursday's trade didn't match the monster ratio spread from the previous session, it was still significant. The average daily option volume is 27,000 contracts, but twice that number traded yesterday. Leading the way was the March 22 puts as almost 15,000 traded against open interest of 1,733. Almost all the options were sold in the course of three minutes for $0.48. The put selling is a bet that the UUP will hold at this level or move higher. If shares are below $22 at expiration, those still short will be obligated to buy the shares, but the trade will show a profit as long as the UUP is above $21.52. (See our Education section) By: Chris McKhann
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Post by ask2lern on Oct 29, 2010 6:45:12 GMT -5
From www.optionmonster.com ..........................GLTA GDP, purchasing data top calendarOctober 29, 2010 Fri 12:02 AM CT The week ends with a relatively busy calendar containing some key reports. Of the four we will see today, GDP and the Chicago PMI have the greatest potential to move markets. GDP for the third quarter will be reported at 8:30 a.m. ET. This is a preliminary read, and there is therefore more variance in the outlook. The consensus expectation for the headline number is a reading of 2 percent, up from the third quarter's final reading of 1.7 percent. The range of expected outcomes is wide, from a bearish low of 1 percent to a bullish high of 3.6 percent. Despite this number being subject to revision in the future, traders will respond to this number strongly. The Employment Cost Index will also be released at 8:30 a.m. ET. Of all the reports today, this is the one least likely to move markets unless there is an extreme surprise. Traders are not worried about inflationary pressure from rising wages and might actually welcome higher numbers as an indicator of economic recovery. Consensus expectations are for growth of 0.5 percent, with a narrow range of 0.4 to 0.6 percent. A lower number than the low end of the range, especially if it were negative, will likely be of more concern than a higher number would be at this stage in the economic recovery. At 9:45 a.m ET, Chicago Purchasing Managers Index will hit the tape. The consensus calls for the PMI to come in a 57.6. The range of forecasts is pretty narrow this time around, from a bearish 56 to a more bullish 61. If the PMI were to break either end of that range, its impact on markets would be all the stronger. The last report of the day and of the month is the final Reuters/University of Michigan Consumer Sentiment Index for October. Given that this is the last revision of the month covered, most traders aren't expecting any extreme deviation from consensus. The headline number is forecast to come in at 68, with a narrow range of 67.5 to 69. Markets may only react strongly if the index comes in below or above the expected range. By: Bryan McCormick
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Post by abdogman on Oct 29, 2010 6:59:52 GMT -5
Good Morning Gang .....Ask thx for all you do ....Exalt!!! GLTA!
back for the open
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Post by ask2lern on Oct 29, 2010 7:25:34 GMT -5
From Stocktwits.......................GLTA
ukarlewitz Bulkowski: Although the individual stocks don't show it yet I think $SPY is going to reverse My new target is 38% retrace of the prior up... Oct. 28 at 9:33 PM
tradefast ETFs flows for week - $SPY +$0.6bln, $QQQQ +$0.6bln & loser is $IWM outflows of $0.6bln (small caps more of a domestic play) Oct. 29 at 7:25 AM
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Post by deadmoney95 on Oct 29, 2010 8:30:11 GMT -5
Morning all. Exalt A2L!
Carl F:
December S&P E-mini Futures: Today's range estimate is 1174-86. 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:
For the day the SPX/DOW were mixed and the NDX/NAZ were +0.15%. Bonds gained 21 ticks, Crude was flat, Gold rallied $21.00, and the USD was lower. Support for the SPX remains at 1176 and then 1168, with resistance at 1187 and then 1222. Short term momentum hit overbought this AM and then pulled back to neutral. Tomorrow kicks off an important series of events over the next few workdays. Q3 GDP at 8:30, then Chicago PMI and UofM Consumer sentiment around 10:00. Tuesday is election day. Then wednesday the FED concludes a two day FOMC meeting with their afternoon statement.
For the third day in a row the market pulled back early and then recovered in the afternoon. Since this activity is occurring after a new uptrend high on monday, at SPX 1196, it appears to be an ordinary pullback after a new high. The weekly RSI is overbought and we are noticing a negative divergence on the daily charts at the recent high. This would suggest that Intermediate wave three did top at SPX 1196. Yet, due to the continuing choppiness of the past couple of weeks it is not a definitive count. We’ll need to break out of this trading range, (OEW pivots 1168 to 1187), to get a more probable short term count. Tomorrow’s Q3 GDP report, (estimates between 1.5% and 2.0%) may do the trick. Today the SPX closed above 1180 for the sixth day in a row without closing above 1187 once. A close above this pivot should also clear thing sup. Best to your trading!
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Post by abdogman on Oct 29, 2010 8:33:53 GMT -5
xlf 14.53 on 1m
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Post by ccash04 on Oct 29, 2010 8:38:20 GMT -5
Nice just saw ticks come in at +141 and +159.. At least they are positive
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Post by abdogman on Oct 29, 2010 8:39:12 GMT -5
xlf 14.52 on 1m
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Post by abdogman on Oct 29, 2010 8:43:01 GMT -5
macd + now on 1m xlf fas bb range 14.5996-14.4910 xlf 14.55 on 1m
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Post by ccash04 on Oct 29, 2010 8:44:27 GMT -5
Ah, there we go now ticks heating up...
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Post by ccash04 on Oct 29, 2010 8:45:08 GMT -5
All this even with the UUP up a few cents.
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Post by abdogman on Oct 29, 2010 8:46:31 GMT -5
0945EDT October Chicago PMI 60.6 vs 58.0 Briefing.com consensus, September 60.4
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Post by ccash04 on Oct 29, 2010 8:47:56 GMT -5
PCLN has been solid, pushing new highs and earnings are next Friday. I probably will sit that one out b/c hard to see it making another 20% jump after these earnings.
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Post by abdogman on Oct 29, 2010 8:48:52 GMT -5
BB's narrowing on 1m xlf fas faz macd still + on above xlf 14.54 on 1m
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Post by ask2lern on Oct 29, 2010 8:52:42 GMT -5
Started small SPY 121 PUT position @ 3.52.......................GLTA
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Post by ccash04 on Oct 29, 2010 8:53:56 GMT -5
Really, are we going to sit between 118.25 & 118.50 all day today?
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Post by ask2lern on Oct 29, 2010 8:54:44 GMT -5
I am watching 118.37 candle or two below that then I have 118.18..............GLTA
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Post by abdogman on Oct 29, 2010 8:54:44 GMT -5
xlf 14.51 on 1m macd just neg
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Post by abdogman on Oct 29, 2010 8:55:52 GMT -5
0955EDT October University of Michigan Sentiment- Final 67.7 vs 68.0 Briefing.com consensus, Prelim 67.9
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Post by abdogman on Oct 29, 2010 8:57:34 GMT -5
xlf 14.50 on 1m BB's spreading slowly
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Post by ask2lern on Oct 29, 2010 8:57:47 GMT -5
Started small SPY 121 PUT position @ 3.52.......................GLTA Out @ 3.70.........................GL
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Post by ask2lern on Oct 29, 2010 9:00:24 GMT -5
Current Spy #'s I am watching.................S 118.05 PP 118.31 R 118.50...................looks like a brief drip under the 118.18 but it did recover.........................no position....................GL
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Post by abdogman on Oct 29, 2010 9:05:42 GMT -5
macd + on 1m xlf fas xlf 14.52 on 1m
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Post by ccash04 on Oct 29, 2010 9:06:16 GMT -5
UUP starting to falter... Let's just drop so we can go somewhere today.
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Post by ccash04 on Oct 29, 2010 9:07:34 GMT -5
AGU looks like its in a slow grind up, hoping it gets to 89 today.. It sold off yesterday w/POT but for no reason those earnings numbers were good. Now that I've said this it will prob drop like a rock lol.
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Post by ask2lern on Oct 29, 2010 9:07:37 GMT -5
Back in SPY PUTS 121 @ 3.44........................GLTA
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Post by abdogman on Oct 29, 2010 9:08:05 GMT -5
xlf 14.55 on 1m
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Post by ask2lern on Oct 29, 2010 9:10:09 GMT -5
Back in SPY PUTS 121 @ 3.44........................GLTA TICK HOD +1038 Added avg is 3.42.......................GLTA
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