PPDT - 02/07/2011 Monday - PP-XLF = 16.57

[ask2lern]

Morning Gang!! here are the pivots……….…hope everyone has a great day ……GLTA


XLF

R3 16.85
R2 16.71
R1 16.66

PP 16.57

S1 16.52
S2 16.43
S3 16.29

SPY

R3 132.80
R2 131.83
R1 131.49

PP 130.86

S1 130.52
S2 129.89
S3 128.92

GOLD

R3 1382.00
R2 1366.60
R1 1358.10

PP 1351.20

S1 1342.70
S2 1335.80
S3 1320.40


SILVER

R3 30.22
R2 29.65
R1 29.39

PP 29.08

S1 28.82
S2 28.51
S3 27.94


IWM

R3 81.15
R2 80.42
R1 80.15

PP 79.69

S1 79.42
S2 78.96
S3 78.23



TNA

R3 79.78
R2 77.75
R1 76.97

PP 75.72

S1 74.94
S2 73.69
S3 71.66


TZA

R3 15.22
R2 14.83
R1 14.58

PP 14.44

S1 14.19
S2 14.05
S3 13.66


SDS

R3 22.55
R2 22.22
R1 22.00

PP 21.89

S1 21.67
S2 21.56
S3 21.23

………………………..GLTA

[ask2lern]

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

Nasdaq 100 breaks resistance level
February 7, 2011 Mon 12:02 AM CT


The Nasdaq 100 broadly outperformed the other indexes on Friday, finishing 0.65 percent higher and breaking resistance by just a couple of points. I am updating the resistance level for that index but leaving support where it was for the time being.

The S&P 500 and the Russell 2000 were fractionally positive but still laggards by comparison. Levels for those two indexes remain unchanged.

Nasdaq 100 (NDX)
First support is at 2304.08. First resistance is at 2355.15.

For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $56.59. First resistance is at $58.07.

S&P 500 (SPX)
First support is at 1294.60. First resistance is at 1319.77.

For the Standard & Poor's Depository Receipts (SPY) first support is at $129.54. First resistance is at $132.09.

Russell 2000 (RUT)
First support is at 787.14, the 10-day moving average. First resistance is at 803.82.

For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $78.56, the 10-day moving average. First resistance is at $80.30.

By: Bryan McCormick

[ask2lern]

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

Consumer credit is only report on tap
February 7, 2011 Mon 12:01 AM CT


Consumer Credit is the only release on today's economic calendar, and it isn't likely to generate much attention unless there is a major surprise when it comes out at 3 p.m. ET.

The expectation of for growth in credit of $2 billion. Consumers taking on additional debt is seen as a sign of positive sentiment and a boost in consumption.

Estimates for the report range from a bearish -$1 billion to a bullish credit expansion of
$2.5 billion. A number that significantly breaks either end of the range would produce a larger market response, notably in bonds.


By: Bryan McCormick

[ask2lern]

Normally I post the content from the daily 10 Things you need to know but there are few links in the article that some may want to read further about so here is the link to the 10 Things you need to Know Before the Bell............................GLTA

www.businessinsider.com/10-things-february-7-2011-2

[ask2lern]

Some misc stuff

Asia:

•Shanghai Closed
•Hang Seng –1.49%
•Nikkei +0.46%
•Japan had a narrow miss on the Leading Index 101.40 missing expectations of 101.50 but beating last months 100.60


Europe: as of 7am EST

•DAX +0.75%
•FTSE +0.73%
•Decent miss in German Factory Orders down –3.4% month over month, lower than the –1.4% expected and the 5.2% increase from last month.
•Europe Investor confidence, however, came in stronger than expected beating the 14.1 expected and 10.6 score from the previous month, publishing a 16.7.


GLTA

[ask2lern]

From socktwits...............................GLTA

ChartingStock
$SPY $QQQQ $DIA All Hit New 52Wk Highs In Pre #Mkt Current SPY PreMkt High=$131.76-Next Resistance $132.09-Open Gaps-$125.75Rsk Mgt Key $SPX

[abdogman]

Good Morining Gang......Ask thx for nmbrs and start .......GLTA.......!!

[kryptos2009]

Good Morning Gang!!

Here is the PP Daily Thread (PPDT) data.

XLF PP=16.57
MP=16.62 R1=16.66 MP=16.69 R2=16.71 MP=16.78 R3=16.85 MP=16.92 R4=16.99
MP=16.55 S1=16.52 MP=16.48 S2=16.43 MP=16.36 S3=16.29 MP=16.22 S4=16.15
O=16.6 H=16.62 L=16.48 C=16.61

FAS PP=30.94
MP=31.16 R1=31.37 MP=31.49 R2=31.61 MP=31.95 R3=32.28 MP=32.62 R4=32.95
MP=30.82 S1=30.70 MP=30.49 S2=30.27 MP=29.94 S3=29.60 MP=29.27 S4=28.93
O=31.16 H=31.19 L=30.52 C=31.12

FAZ PP=8.26
MP=8.30 R1=8.33 MP=8.39 R2=8.44 MP=8.53 R3=8.62 MP=8.71 R4=8.80
MP=8.21 S1=8.15 MP=8.12 S2=8.08 MP=7.99 S3=7.90 MP=7.81 S4=7.72
O=8.21 H=8.38 L=8.2 C=8.21

SPY PP=130.86
MP=131.18 R1=131.49 MP=131.66 R2=131.83 MP=132.32 R3=132.80 MP=133.29 R4=133.77
MP=130.69 S1=130.52 MP=130.21 S2=129.89 MP=129.41 S3=128.92 MP=128.44 S4=127.95
O=130.83 H=131.2 L=130.23 C=131.15

SPG PP=103.79
MP=104.24 R1=104.68 MP=105.29 R2=105.90 MP=106.95 R3=108.01 MP=109.06 R4=110.12
MP=103.18 S1=102.57 MP=102.13 S2=101.68 MP=100.62 S3=99.57 MP=98.51 S4=97.46
O=104.24 H=105 L=102.89 C=103.47

GS PP=164.19
MP=164.91 R1=165.62 MP=166.02 R2=166.41 MP=167.52 R3=168.63 MP=169.74 R4=170.85
MP=163.80 S1=163.40 MP=162.69 S2=161.97 MP=160.86 S3=159.75 MP=158.64 S4=157.53
O=164.88 H=164.98 L=162.76 C=164.83

JPM PP=44.69
MP=44.88 R1=45.07 MP=45.32 R2=45.56 MP=45.99 R3=46.43 MP=46.86 R4=47.30
MP=44.45 S1=44.20 MP=44.01 S2=43.82 MP=43.38 S3=42.95 MP=42.51 S4=42.08
O=45 H=45.17 L=44.3 C=44.59

MS PP=29.74
MP=29.86 R1=29.97 MP=30.04 R2=30.10 MP=30.28 R3=30.46 MP=30.64 R4=30.82
MP=29.68 S1=29.61 MP=29.50 S2=29.38 MP=29.20 S3=29.02 MP=28.84 S4=28.66
O=29.75 H=29.86 L=29.5 C=29.85

C PP=4.80
MP=4.83 R1=4.85 MP=4.86 R2=4.87 MP=4.91 R3=4.94 MP=4.98 R4=5.01
MP=4.79 S1=4.78 MP=4.76 S2=4.73 MP=4.70 S3=4.66 MP=4.63 S4=4.59
O=4.83 H=4.83 L=4.76 C=4.82

VIX PP=16.19
MP=16.34 R1=16.48 MP=16.76 R2=17.04 MP=17.46 R3=17.89 MP=18.31 R4=18.74
MP=15.91 S1=15.63 MP=15.49 S2=15.34 MP=14.91 S3=14.49 MP=14.06 S4=13.64
O=16.64 H=16.74 L=15.89 C=15.93

UUP PP=22.44
MP=22.46 R1=22.48 MP=22.51 R2=22.53 MP=22.58 R3=22.62 MP=22.67 R4=22.71
MP=22.42 S1=22.39 MP=22.37 S2=22.35 MP=22.31 S3=22.26 MP=22.22 S4=22.17
O=22.43 H=22.49 L=22.4 C=22.43

FROM: www.econoday.com

Economic Events & Analysis - 2/07/2011 Monday


11:00 AM ET 4-Week Bill Announcement
11:30 AM ET 3-Month Bill Auction
11:30 AM ET 6-Month Bill Auction
3:00 PM ET Consumer Credit


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.

[abdogman]

Thx Kryptos!!

[abdogman]

indices up ......vix up......

[abdogman]

xlf 16.69 on 1m

[abdogman]

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

xlf 16.67
fas 31.48

iyr 57.89

on 1m

[deadmoney95]

Good morning everyone. Hope everyone had a good weekend, and enjoyed the Super Bowl as much as I did.

Carl F:

March S&P E-mini Futures: Today's range estimate is 1304-1316. Next upside target is 1325. By the end of April this market will have traded at 1380.

Caldaro:

SHORT TERM

Support for the SPX remains at 1303 and then 1291, with resistance at 1313 and then 1363. Short term momentum ended the week overbought. Our preferred count, noted above, suggests Minor wave 5 continues to unfold. This is the fifth and final wave of Intermediate wave five, and the fifth and final wave of the Major wave 1 uptrend. Technically the uptrend remains positive as all nine sectors of the SPX are still in uptrends. Usually we start to see some weakness in these sectors as a top forms. In world markets only three of the fifteen indices we track are in downtrends, another positive. The weekly RSI/MACD indicators look good, but the daily indicators are displaying negative divergences at the recent highs. For now, the uptrend remains in place as this market continues to work its way higher without any downtrend confirmations by OEW.

Support is at the 1303 and 1291 pivots, with short term support around 1300. Uptrend support is at the OEW 1261 pivot. A break of this pivot would likely confirm a downtrend. Overhead resistance is at the current 1311 high and the OEW 1313 pivot range. A breakout above this pivot will likely lead to a rally to the next pivot at SPX 1363. Therefore, there is a lot at stake with the near term market action over the coming days and weeks. Best to your trading!

Cobra:

SHORT-TERM: COULD BE A RED WEEK AHEAD

For 2 reasons, I expect a red week this week.

4.1.0 S&P 500 Large Cap Index (Weekly), SPX this far above MA(200) had led to a week or two pullbacks recently.

OEX Put Call Ratio is way too high, looks a little little bit bear friendly for the short-term.
The 3rd reason is mostly from experiences not a solid proof. Every time a sudden wide range bar emerges suddenly out of a series of small bars, my first reflection is that it could be an exhaustion bar. If you pay a little attention to the seasonality session below, then you’d notice that NASDAQ down 8 of last 10 for the next week. By the way, the February expiration week (the next next week) and the week after (the next next next week), both are bearish. (Yes, that’s total 3 bearish weeks, in terms of seasonality)

INTERMEDIATE-TERM: WHETHER THIS IS PRIMARY 3 OF 3 TO GALAXY FAR FAR AWAY WE MAY KNOW WITHIN 2 WEEKS

Begin with the conclusion first:

1. If SPX has no 2.5%+ pullback within the next 2 weeks, then chances are very good that it will not have any 2.5%+ pullback for another 89 trading days. In another word is that chances are good that what we’re experiencing now is not merely an ABC rebound, instead it’s the Primary 3 of 3 to Galaxy far far away.
2. On the other hand, if there is a 2.5%+ pullback, it can only mean that bears still have some hopes for the ABC rebound being still valid, but it cannot prove that it won’t turn out to be a Primary 3 of 3 eventually.
3. Even there is a 2.5%+ pullback, 77% chances, the high (say, the Friday’s high at 1311) we had or going to have, will be revisited. I won’t discuss this 77% possibilities in today’s report but if you’re interested, you can take look at 11/12 Market Recap.

So, the bottom line, even the worst case is not really bad for bulls as the pullback if indeed, could be another buy opportunity.

The chart below provides a little background about the conclusion I said above. The left side is the bullish count, very very bullish as I don’t know where the end of primary 3 would be; On the right side is the bearish count that accordingly we may now very close to the end of wave 5 and therefore the wave C. To me, I don’t care which count is correct, because even the bullish count still has to pass all the target (pivot) given by the bearish count, so in all my previous intermediate-term analysis, I use the bearish count. By the way, from the chart we can see the next few targets are 1360, 1381 and 1428.

OK, now let’s talk about the reasons for “SPX 2.5%+ pullback within 2 weeks or never”.

The chart below is the main reason which I’ve already used in the 11/08 Market Recap (and being proven right). Amazingly whenever the SPX has been up without 2.5%+ pullback, there’s a threshold between 40 to 61 trading days when most straight ups ended within this range. If, however, the 61 trading days threshold was overcome, then the straight up could last for another 89 trading days to total 150 trading days. Now we’re on day 55, which is to say that if within the next 6 trading days, we don’t have a 2.5%+ pullback, then chances are very good that SPX could go straight up for anther 89 trading days, and if so, obviously the count for ABC rebound is wrong, instead what we’re seeing now is the primary 3 of 3 (to Galaxy far far away). Agree?


The chart below is another reason. Ever since the March 2009 rally, the major push ups have lasted 44 to 54 trading days. Since now we’re at the 46th trading day so chances are good that the current push up could end within the next 8 trading days. Besides this, if you count 8 trading days from now, you’ll see it happens to fall into the most bearish period in February in terms of seasonality. Coincidences? Well, we’ll see.

SEASONALITY: BEARISH THE NEXT WEEK FOR NASDAQ, FEBRUARY SEASONALITY IS GENERALLY NOT BULLISH

According to Stock Trader’s Almanac, week before February Expiration Week, NASDAQ down 8 of last 10, 2010 up 2.0%.

[abdogman]

BB's zooomed in on 1m xlf macd nearing +
macd on 1m fas still +
macd on 1m iyr still neg

xlf 16.69
fas 31.5599

iyr 57.99

on 1m

[abdogman]

macd just + on 1m iyr
macd + on 1m xlf
macd + on 1m fas

xlf 16.70
fas 31.65

iyr 58.03

on 1m

[abdogman]

xlf 16.72
fas 31.80

iyr 58.15

on 1m

[abdogman]

xlf 16.74
fas 31.85

iyr 58.18

on 1m

[ccash04]

I liked when Cobra said if we don't get a 2.5%+ pullback in the next 2 weeks then we have to wait at least 89 trading days til we do... This would be amazing, new yachts here we come!

[ccash04]

The way things go, I could see us getting like a 2.48% pullback.. would that still qualify??

[abdogman]

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

xlf 15.739
fas 31.86

iyr 58.16

on 1m

[abdogman]

xlf 16.77
fas 31.95

iyr 58.27

macd on 1m of above all +

[abdogman]

BB's narrowing on 1m xlf fas

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

pps sideways since last posted

[abdogman]

macd just neg on 1m iyr
macd still neg on 1m xlf fas

xlf 16.76
fas 31.97

iyr 58.305

on 1m

[abdogman]

BB's still narrowing on 1m xlf fas
BB's narrowiing now on 1m iyr

macd's still neg on above

pps sideways

pm 1m

[abdogman]

BB's spreading on 1m xlf fas and its on upper

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

xlf 16.81
fas 32.19

iyr 58.41 on 1m

[abdogman]

back in 15m's

[Rich]

iwm is 81....wow



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[jack]

Rog - Finney's (FNSR) up another 1.30 (+3%)!!!!

Somebody tell me when Brosin goes bullish that'll be when I'm pulling EVERYTHING out (EXCEPT gold interests of course)!!!

LOL!!!

[Rich]

my fas calls are up nicely

[jack]

Feb 7, 2011 10:35:35 GMT -5 Rich said:

my fas calls are up nicely

Still screwing w/ the slight blubber in the 350's left carb when in idle...and running rich