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Post by ask2lern on Dec 22, 2010 7:02:26 GMT -5
Morning Gang!! here are the pivots……….…hope everyone has a great day ………GLTA
XLF
R3 16.18
R2 15.96
R1 15.89
PP 15.74
S1 15.67
S2 15.52
S3 15.30
SPY
R3 127.04
R2 126.44
R1 125.84
PP 125.24
S1 125.02
S2 124.64
S3 124.04
GOLD
R3 1413.10
R2 1399.90
R1 1393.20
PP 1386.70
S1 1380.00
S2 1373.50
S3 1360.30
SILVER
R3 30.49
R2 29.91
R1 29.65
PP 29.33
S1 29.07
S2 28.75
S3 28.17
IWM
R3 80.40
R2 79.71
R1 79.46
PP 79.02
S1 78.77
S2 78.33
S3 77.64
TNA
R3 77.54
R2 75.66
R1 74.99
PP 73.78
S1 73.11
S2 71.90
S3 70.02
TZA
R3 16.22
R2 15.81
R1 15.55
PP 15.40
S1 15.14
S2 14.99
S3 14.58
SDS
R3 24.48
R2 24.24
R1 24.10
PP 24.00
S1 23.86
S2 23.76
S3 23.52
………………………..GLTA
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Post by ask2lern on Dec 22, 2010 7:06:33 GMT -5
From www.optionmonster.com ............................GLTA S&P, Russell break resistance levelsDecember 22, 2010 Wed 12:51 AM CT The indexes made a strong push into the end of the day to finish very close to their session highs. In the case of the Nasdaq 100, this was still not enough of a move to push the index above resistance. But for the S&P 500 and the Russell 2000 it was a different story, with both finally pushing through resistance that has been in place for a week or more. After the bell, Nike failed to meet some of the higher expectations for future orders, pushing it down by more than 5 percent in the after-market. That could weigh on the indexes tomorrow as results could dampen enthusiasm for consumer discretionary stocks. The Nasdaq 100 levels remain as they were, with the exception of a small rise in support, but resistance changes for the S&P 500 and for the Russell 2000. Given that the breakouts above resistance were relatively small, I am leaving support where it was for the time being. Nasdaq 100 (NDX)First support is at 2213.39, 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 $54.41. First resistance is at $55.07. S&P 500 (SPX)First support is at 1235.05. First resistance is at 1268.66. For the Standard & Poor's Depository Receipts (SPY) first support is at $124.01. 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 |
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Post by ask2lern on Dec 22, 2010 7:10:47 GMT -5
Fomm www.optionmonster.com .................................GLTA GDP leads heavy economic calendarDecember 22, 2010 Wed 12:29 AM CT The economic calendar is heavy today, including GDP, housing, and energy reports. At 7 a.m. ET the MBA Purchase Applications will be released, with no forecasts. I look only at the purchases component of the report because it indicates new mortgage activity as opposed to refinancing. Last week this component came in at 200.3. If this week's reading is higher by 5 percent, it would be bullish. A number that comes in lower by the same factor would be bearish. GDP at 8:30 a.m. ET is the key report of the day, as the final revision for the third-quarter. Unlike previous releases, expectations have grown for this report. The previous revision had the third-quarter coming in at up 2.5 percent. The consensus estimate for this release is for GDP to have risen by 3 percent, close to the top of the range at 3.1 percent. A number closer to 2.5 percent or below would likely be seen as bearish. A reading higher than 3.1 percent would likely be seen as very bullish. Existing Homes Sales will be released at 10 a.m. ET. The consensus forecast calls for sales of 4.71 million units, up from the previous 4.43 million. A number higher than the consensus estimate, especially at or above 5 million units, would be bullish. A number at or below the previous release would be bearish. The FHFA House Price Index will also come out at 10 a.m. ET, with no available forecast. The last report, which covered September's numbers, came in at a month-over-month decline of -0.7 percent. The year-over-year change was -3.4 percent. Further negative numbers would be bearish, while positive numbers would be bullish. The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Before the EIA data comes out, the American Petroleum Institute issues a competing report based on its own supply data. The forecast for both reports was for a draw of -2.3 million barrels. But the API release, which came out last night after the market closed, showed a larger decline of -5.796 million barrels instead. If the EIA data confirms this larger draw, it could be bullish for crude pricing. If it shows a smaller draw or a positive number, indicating a build, it could be bearish 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 amount or direction. By: Bryan McCormick POMO SCHEDULE December 22, 2010 December 23, 2010 Outright Treasury Coupon Purchase 2/15/2021 – 11/15/2027 $1.5– $2.5 billion |
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Post by timber on Dec 22, 2010 7:11:23 GMT -5
thanks ask
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Post by kryptos2009 on Dec 22, 2010 7:14:22 GMT -5
Here is the PP Daily Thread (PPDT) data. XLF PP=15.74 MP=15.82 R1=15.89 MP=15.93 R2=15.96 MP=16.07 R3=16.18 MP=16.29 R4=16.40 MP=15.71 S1=15.67 MP=15.60 S2=15.52 MP=15.41 S3=15.30 MP=15.19 S4=15.08 O=15.6 H=15.82 L=15.6 C=15.81 FAS PP=26.71 MP=26.99 R1=27.27 MP=27.44 R2=27.60 MP=28.04 R3=28.49 MP=28.93 R4=29.38 MP=26.55 S1=26.38 MP=26.10 S2=25.82 MP=25.37 S3=24.93 MP=24.48 S4=24.04 O=26.16 H=27.03 L=26.14 C=26.95 FAZ PP=9.89 MP=9.95 R1=10.01 MP=10.12 R2=10.23 MP=10.40 R3=10.57 MP=10.74 R4=10.91 MP=9.78 S1=9.67 MP=9.61 S2=9.55 MP=9.38 S3=9.21 MP=9.04 S4=8.87 O=10.1 H=10.11 L=9.77 C=9.79 SPY PP=125.24 MP=125.43 R1=125.62 MP=125.73 R2=125.84 MP=126.14 R3=126.44 MP=126.74 R4=127.04 MP=125.13 S1=125.02 MP=124.83 S2=124.64 MP=124.34 S3=124.04 MP=123.74 S4=123.44 O=124.99 H=125.47 L=124.87 C=125.39 SPG PP=98.01 MP=98.69 R1=99.37 MP=99.75 R2=100.12 MP=101.18 R3=102.23 MP=103.29 R4=104.34 MP=97.64 S1=97.26 MP=96.58 S2=95.90 MP=94.85 S3=93.79 MP=92.74 S4=91.68 O=97.49 H=98.76 L=96.65 C=98.62 GS PP=167.87 MP=168.56 R1=169.24 MP=169.75 R2=170.25 MP=171.44 R3=172.63 MP=173.82 R4=175.01 MP=167.37 S1=166.86 MP=166.18 S2=165.49 MP=164.30 S3=163.11 MP=161.92 S4=160.73 O=166.54 H=168.88 L=166.5 C=168.23 JPM PP=40.74 MP=41.12 R1=41.50 MP=41.75 R2=42.00 MP=42.63 R3=43.26 MP=43.89 R4=44.52 MP=40.49 S1=40.24 MP=39.86 S2=39.48 MP=38.85 S3=38.22 MP=37.59 S4=36.96 O=40.16 H=41.24 L=39.98 C=41 MS PP=26.67 MP=26.91 R1=27.15 MP=27.29 R2=27.43 MP=27.81 R3=28.19 MP=28.57 R4=28.95 MP=26.53 S1=26.39 MP=26.15 S2=25.91 MP=25.53 S3=25.15 MP=24.77 S4=24.39 O=26.39 H=26.96 L=26.2 C=26.86 C PP=4.74 MP=4.76 R1=4.77 MP=4.79 R2=4.80 MP=4.83 R3=4.86 MP=4.89 R4=4.92 MP=4.73 S1=4.71 MP=4.70 S2=4.68 MP=4.65 S3=4.62 MP=4.59 S4=4.56 O=4.74 H=4.77 L=4.71 C=4.74 VIX PP=16.40 MP=16.56 R1=16.71 MP=16.83 R2=16.94 MP=17.21 R3=17.48 MP=17.75 R4=18.02 MP=16.29 S1=16.17 MP=16.02 S2=15.86 MP=15.59 S3=15.32 MP=15.05 S4=14.78 O=16.2 H=16.62 L=16.08 C=16.49 UUP PP=23.26 MP=23.31 R1=23.35 MP=23.38 R2=23.40 MP=23.47 R3=23.54 MP=23.61 R4=23.68 MP=23.24 S1=23.21 MP=23.17 S2=23.12 MP=23.05 S3=22.98 MP=22.91 S4=22.84 O=23.2 H=23.32 L=23.18 C=23.29 FROM: www.econoday.comEconomic Events & Analysis - 12/22/2010 Wednesday7:00 AM ET MBA Purchase Applications 8:30 AM ET GDP 8:30 AM ET Corporate Profits 10:00 AM ET Existing Home Sales 10:00 AM ET FHFA House Price Index 10:30 AM ET EIA Petroleum Status Report 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. |
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Post by abdogman on Dec 22, 2010 7:56:42 GMT -5
Good Morning Gang......Ask and Kryptos thx for nmbrs and info...GLTA!
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Post by ask2lern on Dec 22, 2010 7:59:31 GMT -5
From ZH................................GL
One Minute Macro Update
Submitted by Tyler Durden on 12/22/2010 07:56 -0500
US: Futures mixed in the early going as the market awaits GDP numbers. Treasuries and the USD have sold off a bit on anticipation of an upward growth revision. November home sales round out the economic calendar for the day as the truncated light volume week winds down tomorrow.
Europe: Rumors of Chinese involvement in the Euro bond market are still being faded as official details of action continue to be scarce. Chinese central bankers have been reported as saying that they have no comment on plans to purchase bonds. Belgium’s Finance Minister reportedly saying that budget moves are necessary to avoid the countries financing from being targeted in 1Q11. Sov spreads generally moving wider by a small bit every day. Yesterday’s news on the EFSF/EFSM issuance was seemingly a non-event judging by the market reaction, but we do not believe the actuality of issuance will be viewed as benignly. See our comment yesterday for our complete thoughts.
Asia: Japan cutting GDP forecasts on stronger JPY leading to diminished export activity. Australia experiencing more signs of real estate depreciation according to the Real Estate Institute of Australia.
Via Brian Yelvington of Knight Capital
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Post by abdogman on Dec 22, 2010 8:31:05 GMT -5
0830EDT
Q3 GDP- Third estimate +2.6% vs +2.7% Briefing.com consensus; First revision was to +2.5% from +2.0%
Q3 GDP Deflator- Third estimate 2.1% vs 2.3% Briefing.com consensus, First revision was to 2.3% from 2.2%
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Post by abdogman on Dec 22, 2010 9:33:59 GMT -5
xlf 15.86 on 1m
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Post by abdogman on Dec 22, 2010 9:37:28 GMT -5
macd on 1m iyr drn fas xlf is +
BB's spreading on above and they are on upper band
iyr 54.96
drn 53.71
fas 27.29
xlf 15.87
on 1m
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Post by deadmoney95 on Dec 22, 2010 9:37:52 GMT -5
Hey everyone.
Carl F: March S&P E-mini Futures: Today's range estimate is 1246-1254. Short term support is now at 1235. I think a top building process is underway and will be followed by a drop of 50-75 points. Once it is complete the market will resume its advance to 1300.
Caldaro:
The market opened higher Tuesday and continued higher for most of the day. The short term OEW charts remain in a positive mode with short term support now rising into the mid-1240′s. The OEW 1240 pivot held support throughout that entire SPX 1247-1233 pullback. Quite unusual! Intermediate wave five, of this five month Major wave 1 uptrend, has had quite a steady advance. Only two pullbacks over 10 SPX points thus far. This market remains on track to hit the OEW 1291 pivot, and possibly the 1313 pivot, in January. Best to your trading and holidays!
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Post by abdogman on Dec 22, 2010 9:47:11 GMT -5
macd neg now on 1m drn fas xlf
Bb's narrowing on fas xlf on 1m
macd near 0/0 from + on 1m iyr
iyr 55.03
drn 53.92
fas 27.31
xlf 15.86
on 1m
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Post by abdogman on Dec 22, 2010 9:52:06 GMT -5
0945EDT Reminder: Existing Home Sales, FHFA Home Price Index due out in ~15 mins at 10:00 ET
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Post by abdogman on Dec 22, 2010 9:57:33 GMT -5
macd appx 0/0 on 1m iyr drn fas xlf
iyr 55.03
drn 53.96
fas 27.37
xlf 15.88
on 1m
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Post by abdogman on Dec 22, 2010 9:59:38 GMT -5
macd on 1m fas xlf is +
fas 27.45
xlf 15.90
on 1m
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Post by abdogman on Dec 22, 2010 10:00:54 GMT -5
1000EDT November Existing Home Sales 4.68 mln vs 4.65 mln Briefing.com consensus; M/M change +5.6%
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Post by abdogman on Dec 22, 2010 10:01:56 GMT -5
1000EDT October FHFA Home Price Index +0.7%, Prior -0.7%
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Post by abdogman on Dec 22, 2010 10:02:44 GMT -5
macd on 1m iyr drn fas xlf is +
iyr 55.09
drn 54.18
fas 27.55
xlf 15.915
on 1m
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Post by Rich on Dec 22, 2010 10:03:56 GMT -5
buy fas jan 28.3 calls  |
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Post by abdogman on Dec 22, 2010 10:03:56 GMT -5
iyr 55.15
drn 54.33
fas 27.60
xlf 15.93
on 1m
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Post by Rich on Dec 22, 2010 10:05:24 GMT -5
bidu = poo poo
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Post by abdogman on Dec 22, 2010 10:16:35 GMT -5
macd just neg on 1m iyr drn fas xlf
BB's starting to narrow
iyr 55.15
drn 54.26
fas 27.59
xlf 15.925
on 1m
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Post by abdogman on Dec 22, 2010 10:18:09 GMT -5
**Petroleum Stats at 1030EDT
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Post by abdogman on Dec 22, 2010 10:23:05 GMT -5
macd on 1m iyr drn + now
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Post by abdogman on Dec 22, 2010 10:26:15 GMT -5
iyr 55.26
drn 54.60
fas 27.72
xlf 15.945
on 1m
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Post by abdogman on Dec 22, 2010 10:29:23 GMT -5
macd back to neg on 1m iyr drn and is still neg on xlf fas
PPs on above sideways since last post
Bb's narrow
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Post by abdogman on Dec 22, 2010 10:30:39 GMT -5
1030EDT * Crude oil inventories had a draw of 5333K (consensus is a draw of 3400K)
* Gasoline inventories had a build of 2400K (consensus is a build of 1500K)
* Distillate inventories had a draw of 589K (consensus is no change from last week)
* The change in refinery utilization was 0.3% (consensus was 0.00%)
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Post by abdogman on Dec 22, 2010 10:31:10 GMT -5
Crude oil ticks to fresh highs following inventory data; now up 91 cents to $90.74
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Post by abdogman on Dec 22, 2010 10:33:22 GMT -5
Summary of Petroleum Data for Week from Briefing
Production: U.S. crude oil refinery inputs averaged 14.9 mln bpd during the week ending December 17, 48 thousand bpd below the previous week's average. Refineries operated at 87.7 percent of their operable capacity last week. Gasoline production increased last week, averaging 9.5 mln bpd. Distillate fuel production increased last week, averaging 4.6 mln bpd.
Imports: U.S. crude oil imports averaged 8.7 mln bpd last week, up by 1.1 mln bpd from the previous week. Over the last four weeks, crude oil imports have averaged 8.5 mln bpd, 479 thousand bpd above the same fourweek period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 1.0 mln bpd. Distillate fuel imports averaged 217 thousand bpd last week.
Inventory: At 340.7 mln barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of year. Total motor gasoline inventories increased by 2.4 mln barrels last week and are in the upper half of the average range. Both finished gasoline inventories and blending components inventories increased last week. Distillate fuel inventories decreased by 0.6 mln barrels and are just above the upper limit of the average range for this time of year. Propane/propylene inventories decreased by 3.5 mln barrels last week and are in the lower half of the average range. Total commercial petroleum inventories decreased by 6.0 mln barrels last week.
Demand: Over the last four weeks, motor gasoline demand has averaged 9.2 mln bpd, up by 1.8 percent from the same period last year. Distillate fuel demand has averaged 3.8 mln bpd over the last four weeks, up by 3.2 percent from the same period last year.
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Post by abdogman on Dec 22, 2010 10:38:44 GMT -5
macd on 1m iyr drn is waffling around 0/0
macd on 1m fas xlf is neg
iyr 55.28
drn 54.75
fas 27.65
xlf 15.94
on 1m
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