PPDT - PP-XLF = 15.99 - 12/30 Thursday

[kryptos2009]

Here is the PP Daily Thread (PPDT) data.


XLF PP=15.99
MP=16.01 R1=16.03 MP=16.05 R2=16.07 MP=16.11 R3=16.15 MP=16.19 R4=16.23
MP=15.97 S1=15.95 MP=15.93 S2=15.91 MP=15.87 S3=15.83 MP=15.79 S4=15.75
O=16.03 H=16.04 L=15.96 C=15.98

FAS PP=28.00
MP=28.09 R1=28.17 MP=28.27 R2=28.36 MP=28.54 R3=28.72 MP=28.90 R4=29.08
MP=27.91 S1=27.81 MP=27.73 S2=27.64 MP=27.46 S3=27.28 MP=27.10 S4=26.92
O=28.14 H=28.2 L=27.84 C=27.97

FAZ PP=9.40
MP=9.44 R1=9.47 MP=9.50 R2=9.52 MP=9.58 R3=9.64 MP=9.70 R4=9.76
MP=9.38 S1=9.35 MP=9.32 S2=9.28 MP=9.22 S3=9.16 MP=9.10 S4=9.04
O=9.35 H=9.45 L=9.33 C=9.42

SPY PP=126.01
MP=126.06 R1=126.11 MP=126.21 R2=126.31 MP=126.46 R3=126.61 MP=126.76 R4=126.91
MP=125.91 S1=125.81 MP=125.76 S2=125.71 MP=125.56 S3=125.41 MP=125.26 S4=125.11
O=125.98 H=126.2 L=125.9 C=125.92

SPG PP=99.77
MP=100.32 R1=100.86 MP=101.17 R2=101.47 MP=102.32 R3=103.17 MP=104.02 R4=104.87
MP=99.47 S1=99.16 MP=98.62 S2=98.07 MP=97.22 S3=96.37 MP=95.52 S4=94.67
O=99.66 H=100.37 L=98.67 C=100.26

GS PP=167.99
MP=168.71 R1=169.42 MP=170.31 R2=171.20 MP=172.81 R3=174.41 MP=176.02 R4=177.62
MP=167.10 S1=166.21 MP=165.50 S2=164.78 MP=163.18 S3=161.57 MP=159.97 S4=158.36
O=169.4 H=169.78 L=166.57 C=167.63

JPM PP=42.48
MP=42.57 R1=42.65 MP=42.80 R2=42.95 MP=43.18 R3=43.42 MP=43.65 R4=43.89
MP=42.33 S1=42.18 MP=42.10 S2=42.01 MP=41.77 S3=41.54 MP=41.30 S4=41.07
O=42.58 H=42.77 L=42.3 C=42.36

MS PP=27.36
MP=27.43 R1=27.50 MP=27.61 R2=27.71 MP=27.89 R3=28.06 MP=28.24 R4=28.41
MP=27.26 S1=27.15 MP=27.08 S2=27.01 MP=26.84 S3=26.66 MP=26.49 S4=26.31
O=27.46 H=27.58 L=27.23 C=27.28

C PP=4.77
MP=4.79 R1=4.80 MP=4.81 R2=4.82 MP=4.85 R3=4.87 MP=4.90 R4=4.92
MP=4.76 S1=4.75 MP=4.74 S2=4.72 MP=4.70 S3=4.67 MP=4.65 S4=4.62
O=4.8 H=4.8 L=4.75 C=4.77

VIX PP=17.26
MP=17.39 R1=17.51 MP=17.62 R2=17.73 MP=17.97 R3=18.20 MP=18.44 R4=18.67
MP=17.15 S1=17.04 MP=16.92 S2=16.79 MP=16.56 S3=16.32 MP=16.09 S4=15.85
O=17.49 H=17.49 L=17.02 C=17.28

UUP PP=23.03
MP=23.07 R1=23.10 MP=23.15 R2=23.19 MP=23.27 R3=23.35 MP=23.43 R4=23.51
MP=22.99 S1=22.94 MP=22.91 S2=22.87 MP=22.79 S3=22.71 MP=22.63 S4=22.55
O=23.12 H=23.13 L=22.97 C=23

FROM: www.econoday.com

Economic Events & Analysis - 12/30/2010 Thursday



8:30 AM ET Jobless Claims
9:45 AM ET Chicago PMI
10:00 AM ET Pending Home Sales Index
10:30 AM ET EIA Natural Gas Report
11:00 AM ET EIA Petroleum Status Report
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
3:00 PM ET Farm Prices
4:30 PM ET Fed Balance Sheet
4:30 PM ET Money Supply


Additional World wide Economic Calendar information can be found at the following website.
worldeconomiccalendar.com/

NOTE:
The previous days OHLC data for todays PPDT was gathered from finance.yahoo.com for each individual stock by a series of webquerys built into a spreadsheet.
The formulas used by the www.mypivots.com website to create the Pivot Points were found in the sites help files.
The formulas were built into the spreadsheet which acts on the previous days OHLC data gathered from Yahoo.
The Pivot Points were created using the formulas from www.mypivots.com but NOT by using the site.
Please let me know if you find any errors in the data.
Use of this data is at your own risk.

[ask2lern]

Thanks Kryptos..............................


Morning Gang!! here are the pivots……….…hope everyone has a great day ……I am not trading this week so not posting much………hope you all make a mint!…GLTA


GOLD

R3 1439.53
R2 1424.53
R1 1418.77

PP 1409.53

S1 1403.77
S2 1394.53
S3 1379.53


SILVER

R3 31.40
R2 30.97
R1 30.80

PP 30.54

S1 30.37
S2 30.11
S3 29.68


IWM

R3 79.43
R2 79.16
R1 79.04

PP 78.89

S1 78.77
S2 78.62
S3 78.35



TNA

R3 75.82
R2 75.09
R1 74.72

PP 74.36

S1 73.99
S2 73.63
S3 72.90


TZA

R3 15.56
R2 15.41
R1 15.33

PP 15.26

S1 15.18
S2 15.11
S3 14.96


SDS

R3 23.94
R2 23.82
R1 23.78

PP 23.70

S1 23.66
S2 23.58
S3 23.46

………………………..GLTA

[ask2lern]

From www.optionmonster.com .....................................GLTA

Indexes may stay flat until next year
December 30, 2010 Thu 6:33 AM CT


Once again a very light-volume day failed to produce many changes in support, resistance, or closing values.

The indexes traded closer to resistance, but a selloff in the last 15 minutes brought them back closer to unchanged for our purposes.

There are no big differences other than updates to the 10-day moving average support levels. Unless something major happens, we may see little movement until 2011 trading begins next Monday.

Nasdaq 100 (NDX)
First support is at 2215.15, the 10-day moving average. First resistance is at 2239.23, the 2007 peak.

For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $54.66. First resistance is at $55.07.

S&P 500 (SPX)
First support is at 1251.51, the 10-day moving average. First resistance is at 1268.66.

For the Standard & Poor's Depository Receipts (SPY) first support is at $125.20. First resistance is at $127.36.

Russell 2000 (RUT)
First support is at 770.51. First resistance is at 799.57.

For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $77.21. First resistance is at $79.84.

By: Bryan McCormick

[ask2lern]

From www.optionmonster.com ..............................GLTA

Jobs, oil, housing sales on calendar
December 30, 2010 Thu 6:32 AM CT


Today is the last day we will see economic releases for the year. A correction from yesterday is that the MBA Purchase Applications report, which had been scheduled for Wednesday morning, will not be released until Jan. 5.

At 8:30 a.m. ET Jobless Claims will be released. Consensus calls for initial claims to drop to 415,000, which would be down from the prior week's 420,000. The range is very narrow for this report, from a more bullish 414,000 to a slightly bearish 425,000.

A number that breaks either end of the range would produce a stronger market reaction. With expectations skewed to fewer people applying for benefits, a number that breaks the high end of expectations would be a bearish outlier surprise.

At 9:45 a.m. ET, the Chicago Purchasing Managers Index (PMI) will be reported. This will be an important number for bulls in materials, energy, and industrial stocks in particular. Most economists surveyed expect the index number to drop slightly from the previous month to 62 from 62.5. The range is from a bearish 60 at the low to a slightly more bullish 63 at the high.

The Pending Home Sales Index comes out at 10 a.m. ET. There is no advanced consensus for how the overall index number will come in, but last month's reading stood at 89.3. That was a big increase from the previous month.

A number higher or lower than 89.3 by a few percent or more would be bullish or bearish, respectively. The month-over-month change is expected to come in at up 1.5 percent. The range is very wide, however, from a bearish -6.2 percent to a bullish 5 percent.

The EIA Petroleum Status Report number, which generally comes out Wednesdays, will be released today at 11 a.m. ET, rather than its usual 10:30 a.m. ET time slot. A competing report from the American Petroleum Institute, based on its own supply data, came out last night after the market closed.

The forecast for both reports was for a draw of -2.5 million barrels. But the API release showed a large build of 3.05 million barrels instead.

If the EIA data confirms this build or shows an even larger one, it could be bearish for crude pricing. If the build is smaller than the API's 3.05 million barrels or is a negative number indicating a draw, it could be bullish for oil.

The EIA is a government body, and the API is a private industry group. The two reports do not always agree either in terms of amount or direction.

By: Bryan McCormick

[ask2lern]

From www,optionmonster.com .....................................GLTA

Puts surge in metals and miners ETF
December 30, 2010 Thu 6:30 AM CT


The SPDR Metals and Mining Fund posted its highest close since early September 2008 along with the broader markets, but put buying dominated option trading in the ETF.

The XME exchange-traded fund finished the day at $68.47, up 0.82 percent. Shares are up 50 percent from support down at $44 that it bounced off of in mid July.

Dominating the day's volume were 20,000 February 63 puts that traded against open interest of just 14 contracts. One print of 18,000 went for $1.38 at the ask, indicating that the they were bought.

This put buying wasn't tied to any stock trading on the day that we found. In fact, the total stock volume for the day was 1.4 million shares.

So the put buying is either an outright bearish play or insurance on an existing long position. The two are diametrically opposed, as put buying against stock is actually bullish.

By: Chris McKhann

[abdogman]

Good Morning Gang .....Kryptos and Ask thx for nmbrs and info ....GLTA!

[abdogman]

0830EDT

Initial Claims 388K vs 416K Briefing.com consensus; prior revised to 422K from 420K

Continuing Claims rises to 4.128 mln from 4.071 mln

[abdogman]

0831EDT Briefing .com

Initial Claims posts the lowest number since July 2008

[Rich]

Credit Suisse downgraded GS and MS siting choppy market conditions.

huh?

[ccash04]

from ZH: On the AUD/JPY and how it doesn't correlate anymore to SPY

There was a time, long before central planning was the feces, when stocks and risk in general would correlate with the notion of decoupling, most traditionally represented by the AUDJPY, which has always been the best proxy of Chinese relative strength via the non-pegged Aussie dollar, and the now defunct carry currency of choice- the Yen, a distinction since ordained to the US' very own "reserve" currency. In those long gone days, the ES and the AUDJPY would correlate almost with mirror image perfection. Those days are now gone, and a brief correlation mapping between the performance of the two indicators shows that the ES is now about 16 pts rich to some hypothetical fair value, which however courtesy of abovementioned central planning, is completely useless and irrelevant. Suicidal types may want to play a convergence. In the summer those trades would always close profitably without exception. Lately, that is no longer the case, indicating just how incrementally more busted the market has become in just the last several months.

[abdogman]

xlf 15.9485 on 1m

[ccash04]

X appears to be breaking out... Fantastic for my put spread lol

[ccash04]

so does FCX finally above 120

[abdogman]

macd + on 1m iyr drn
macd neg on 1m fas xlf

iyr 56.03
drn 57.11
fas 27.89
xlf 15.96

on 1m

[abdogman]

macd neg now on 1m iyr drn
still neg on 1m xlf fas

[abdogman]

macd's on iyr drn fas xlf are + now

[abdogman]

0945EDT December Chicago PMI 68.6 vs 61.5 Briefing.com consensus, November 62.5

[abdogman]

iyr 56.05
drn 57.15
fas 27.91
xlf 15.96

on 1m

[abdogman]

macd neg now on 1m iyr drn fas xlf

iyr 56.02
drn 57.03
fas 27.85
xlf 15.94

on 1m

[Rich]

don't like this trading so far. Sold my fas for loss.

[abdogman]

xlf 15.93
fas 27.79

on 1m

[abdogman]

Dec 30, 2010 9:59:11 GMT -5 Rich said:

don't like this trading so far. Sold my fas for loss.

I hear ya man.....this is strange!

[abdogman]

macd still neg on 1m iyr drn fas xlf
iyr 55.96
drn 56.98
fas 27.78
xlf 15.93

on 1m

[abdogman]

***********xlf 15.905 on 1m

[abdogman]

xlf 15.89
fas 27.58

iyr 55.87
drn 56.61

macd's still neg on 1m

[Rich]

short the spy, feeler position

[abdogman]

macd on 1m iyr is now +
macd on 1m fas xlf drn at appx 0/0

xlf 15.89
fas 27.59

iyr 55.93
drn 56.65

on 1m

[abdogman]

BB's narrowng on 1m iyr drn fas xlf
macd + on 1m iyr fas xlf

PPS sideways since last post

[brosin]

Good morning gang and thanks for the info!

[abdogman]

xlf 15.91
fas 27.68

iyr 55.96
drn 56.78

on 1m