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Post by ask2lern on Nov 1, 2010 6:19:53 GMT -5
Morning Gang!! Hope you all had a spooktacular Halloween...........Here are the pivots……….…hope everyone has a great day …………………GLTA
XLF
R3 14.76 R2 14.65 R1 14.61
PP 14.54
S1 14.50 S2 14.43 S3 14.32
SPY
R3 119.73 R2 119.08 R1 118.78
PP 118.43
S1 118.13 S2 117.78 S3 117.13
GOLD
R4 1413.33 midpoint 1403.48 R3 1393.63 midpoint 1383.78 R2 1373.93 Midpoint 1370.65 R1 1367.37 midpoint 1360.80
PP 1354.23
midpoint 1350.95 S1 1347.67 midpoint 1341.10 S2 1334.53 midpoint 1324.68 S3 1314.83 midpoint 1304.98 S4 1295.13
SILVER
R4 26.80 midpoint 26.42 R3 26.04 midpoint 25.66 R2 25.28 midpoint 25.16 R1 25.03 midpoint 24.78
PP 24.52
midpoint 24.40 S1 24.27 midpoint 24.02 S2 23.76 midpoint 23.38 S3 23.00 midpoint 22.62 S4 22.24
IMW
R3 71.95 R2 71.11 R1 70.70
PP 70.27
S1 69.86 S2 69.43 S3 68.59
TNA
R4 58.05 midpoint 57.14 R3 56.23 midpoint 55.32 R2 54.41 midpoint 53.97 R1 53.52 midpoint 53.06
PP 52.59
midpoint 52.15 S1 51.70 midpoint 51.24 S2 50.77 midpoint 49.86 S3 48.95 midpoint 48.04 S4 47.13
TZA
R4 25.08 Midpoint 24.68 R3 24.27 midpoint 23.87 R2 23.46 midpoint 23.25 R1 23.04 midpoint 22.85
PP 22.65
midpoint 22.44 S1 22.23 midpoint 22.04 S2 21.84 midpoint 21.44 S3 21.03 midpoint 20.63 S4 20.22
SDS
R3 27.95 R2 27.66 R1 27.49
PP 27.37
S1 27.20 S2 27.08 S3 26.79
………………………..GLTA
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Post by ask2lern on Nov 1, 2010 6:21:24 GMT -5
From www.optionmonster.com .............................GLTA Indexes await elections for catalystNovember 1, 2010 Mon 6:15 AM CT Friday was another day of indecision where the indexes were concerned. After a relatively modest move to the downside at the open and a late-day rally attempt that failed, the indexes closed with fractional gains or losses. None of the moves were strong enough to alter support or resistance. The S&P 500 does get an updated support level because the 10-day moving average is the closest proxy for support we currently have. Most traders are looking for some resolution following the midterm elections. Wall Street would favor a Republican majority in both the House and Senate but would probably be satisfied with "gridlock" if the two split. Until those election results are in, the indexes aren't likely to show much in the way of firm direction. If that is an insufficient catalyst, then the Fed meeting on Wednesday becomes the next opportunity for clear direction once details of quantitative easting become known. 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 1181.29, the 10-day moving average. First resistance is at 1197.50. For the Standard & Poor's Depository Receipts (SPY) first support is at $118.23, 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 Nov 1, 2010 6:22:47 GMT -5
From www.optionmonster.com .....................................GLTA Manufacturing, spending on calendarNovember 1, 2010 Mon 6:02 AM CT The month starts off with three reports that will grab traders' attention. The key release of the morning is likely to be the ISM Manufacturing Index. Traders will be looking for signs of continued expansion in this sector. At 8:30 a.m. ET, Personal Income and Outlays will be reported. Income is expected to rise by 0.2 percent and spending by a larger 0.4 percent. The most bullish scenario would be to see both income and spending grow, with income slightly exceeding spending. This suggests a healthy consumer with greater spending power down the road. The most bearish scenario would be for a decline in both income and spending. The ISM Manufacturing Index will be reported at 10 a.m. ET. The consensus estimate calls for a reading of 54, down slightly from last month's 54.4. A reading above the prior month would be bullish, while a drop below 54 would be bearish. Construction Spending will also be reported at 10 a.m. ET. Most economists expect a reading of -0.7 percent, down from from the previous month's gain of 0.4 percent. A positive reading, or even a flat one, would be a bullish outcome given consensus. A negative reading well below -0.7 percent would be bearish. By: Bryan McCormick
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Post by abdogman on Nov 1, 2010 7:06:37 GMT -5
Good Morning Gang....Ask thx for the start and nmbrs and info ....GLTA!!
back for the open
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Post by abdogman on Nov 1, 2010 7:30:57 GMT -5
0830edt September Personal Income -0.1% vs +0.2% Briefing.com consensus, prior revised to +0.4% from +0.5%
September PCE Prices- Core M/M +0.0% vs +0.0% Briefing.com consensus
September PCE Deflator Y/Y +1.4% , prior +1.4%
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Post by abdogman on Nov 1, 2010 7:33:16 GMT -5
0830edt September Personal Spending +0.2% vs +0.4% Briefing.com consensus, prior revised to +0.5% from +0.4%
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Post by abdogman on Nov 1, 2010 7:35:11 GMT -5
E~mini stock index futures see a slight downtick but still hold a modest bid following Sept. Personal Spending & Income data
Dec. ES now @ 1185 +5.25 Dec. YM now @ 2130 +8.00 Dec. NQ now @ 11103 +37
********AT 0831 BRIEFING .COM
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Post by kbk3ck on Nov 1, 2010 7:36:34 GMT -5
Morning everybody. Thanks Ask. Went ahead and sold my 125 TNA at $53.52. Hoping to get it back on a little dip. Got it at $52.12 last time.
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sabin26
Commodities Trader
Posts: 103
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Post by sabin26 on Nov 1, 2010 7:41:49 GMT -5
Morning everybody. Thanks Ask. Went ahead and sold my 125 TNA at $53.52. Hoping to get it back on a little dip. Got it at $52.12 last time. Nice trade Kb...was a bit flustered this morning when I saw TNA over 54 but it has come back a bit since. IWM is currently bumping against r1 right now so a dip buy on TNA looks quite doable...personally don't see us under 53 today but perhaps clint's euro crash plays out (?)
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Post by kbk3ck on Nov 1, 2010 7:53:21 GMT -5
Thanks Sab, I would rather got the 54s but ya snooz(make coffee) ya loose. LOL. Yeh, I'll probably snag it again at 53. What are you playing?
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Post by kbk3ck on Nov 1, 2010 7:58:35 GMT -5
0830edt September Personal Spending +0.2% vs +0.4% Briefing.com consensus, prior revised to +0.5% from +0.4% Thanks Ab.
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sabin26
Commodities Trader
Posts: 103
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Post by sabin26 on Nov 1, 2010 8:03:10 GMT -5
I personally only play TNA and TZA for swings these days...throw your whole account at it and those 1-2% swings can add up (or subtract) real quick! I don't trust individual stocks really anymore with the HFT's and games being played these days and since individual stocks don't really think too much for themselves I just play the current sentiment with the baddest mofo of a 3x vehicle there is. If we see 52.5ish on TNA this am I think that would be a gift but with the two reports at 10 and a Pomo kickin in right then also, things will be definitely interesting.
Really wouldn't have minded getting Siri was last week (?) when they crashed it down to 1.25 for a hot sec though, oh well. Have thought that with plenty of stocks like ABK but then things like this morning happen (to ABK) and I remember why I do everything I can to stay away from those plays.
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Post by deadmoney95 on Nov 1, 2010 8:15:50 GMT -5
Good morning everyone.
Carl F:
December S&P E-mini Futures: Today's range estimate is 1180-92. I believe the ES is about to start a breakout move that will carry it above the April top at 1216. I still think we will see 1300 by early April, 2011.
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Post by abdogman on Nov 1, 2010 8:34:27 GMT -5
xlf 14,56 on 1m macd just neg on 1m xlf fas
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Post by abdogman on Nov 1, 2010 8:40:12 GMT -5
macd acting jiggy +/- on 1m xlf and fas ...both are + macd now xlf 14.61 on 1m
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Post by abdogman on Nov 1, 2010 8:41:11 GMT -5
BB's on 1m xlf fas faz spreading now xlf fas on 1m on top band xlf 14.62 on 1m
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Post by kbk3ck on Nov 1, 2010 8:41:57 GMT -5
Guess I shoulda got TNA back at 53.12.
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Post by abdogman on Nov 1, 2010 8:49:12 GMT -5
BB's still spreading on 1m xlf fas faz xlf 14.64 on 1m
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Post by abdogman on Nov 1, 2010 8:55:30 GMT -5
macd neg now on 1m xlf fas BB's narrowing slowly xlf 14.615 on 1m
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Post by abdogman on Nov 1, 2010 9:00:34 GMT -5
1000EDT
October ISM Index 56.9 vs 54.0 Briefing.com consensus, September 54.4
September Construction Spending +0.5% vs -0.7% Briefing.com consensus, prior revised to -0.2% from +0.4%
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Post by abdogman on Nov 1, 2010 9:01:31 GMT -5
xlf 14.65 on 1m
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Post by abdogman on Nov 1, 2010 9:04:52 GMT -5
macd now pos on 1m xlf fas BB's spsreading with xlf and fas riding top band xlf 14.67 on 1m
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Post by Rich on Nov 1, 2010 9:05:46 GMT -5
spy volume is like pinball wizard stuff...nuts!
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Post by abdogman on Nov 1, 2010 9:07:07 GMT -5
xlf 14.68 on 1m
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Post by clearwaters on Nov 1, 2010 9:09:00 GMT -5
1000EDT October ISM Index 56.9 vs 54.0 Briefing.com consensus, September 54.4 September Construction Spending +0.5% vs -0.7% Briefing.com consensus, prior revised to -0.2% from +0.4% Let's see...revised from -.2 from .4. Hmm, that's -0.6 difference and this month it went up .5%! We're in the hole -0.1. But this is good, right?
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Post by Clinton SPX on Nov 1, 2010 9:11:13 GMT -5
Fuzzy Math Clear. Euro on the move
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Post by benvestor on Nov 1, 2010 9:11:54 GMT -5
dollar mini rally
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Post by Rich on Nov 1, 2010 9:15:16 GMT -5
continuing it's downward movement since 2am...but market, she goes higher?
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Post by abdogman on Nov 1, 2010 9:16:20 GMT -5
macd waffling on 1m xlf fas faz xlf 14.68 on 1m BB range on 1m xlf 14.7040-14.6148
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Post by abdogman on Nov 1, 2010 9:19:42 GMT -5
BB's narrowing on 1m xlf fas faz macd stilll neg on 1m xlf fas xlf 14.6785 on 1m
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