PPDT - PP-XLF = 15.45 - 11/09 Tuesday

[ask2lern]

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



XLF

R3 15.95
R2 15.70
R1 15.58

PP 15.45

S1 15.33
S2 15.20
S3 14.95



SPY

R3 123.87
R2 123.12
R1 122.81

PP 122.37

S1 122.06
S2 121.62
S3 120.87


GOLD

R4 1477.60
R3 1452.80
R2 1428.00
R1 1419.60

PP 1403.20

S1 1394.80
S2 1378.40
S3 1353.60
S4 1328.80


SILVER

R4 30.90
R3 29.73
R2 28.56
R1 28.17

PP 27.39

S1 27.00
S2 26.22
S3 25.05
S4 23.88



IMW

R3 75.16
R2 74.37
R1 74.04

PP 73.58

S1 73.25
S2 72.79
S3 72.00



TNA

R3 64.16
R2 62.18
R1 61.36

PP 60.20

S1 59.38
S2 58.22
S3 56.24


TZA

R3 20.82
R2 20.20
R1 19.84

PP 19.58

S1 19.22
S2 19.09
S3 18.34


SDS

R3 26.20
R2 25.89
R1 25.71

PP 25.58

S1 25.40
S2 25.27
S3 24.96

………………………..GLTA

[ccash04]

Ask thanks for pivots but you might as well keep off the resistance points for gold and silver ;D They are crushing any resistance.

[ask2lern]

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

Retail reports lead short calendar
November 9, 2010 Tue 6:10 AM CT


The economic calendar is light for today and the rest of the week as well. There will be no economic news on Thursday in observation of Veteran's Day, though the market will be open.

At 7 a.m. ET, the ICSC-Goldman Store Sales report will be released. There are two parts to the report, the week-over-week and the year-over-year changes. Most traders focus on the year-over-year number as it is a better indicator of the longer-term trend. The last week-over-week change came in at a gain of 0.1 percent. The year-over-year data in the previous report showed a gain of 2 percent. Stronger-than-expected positive numbers would be seen as bullish, while negative numbers would be bearish.

The National Federation of Independent Business Optimism Index will be released at 7:30 a.m. ET. I have not been paying much attention to this report, as it hasn't moved much of late. If businesses have turned more optimistic because of the Republican control of the House, that would be a positive. The previous index value came in at 89. It has not fluctuated much year-to-date.

Redbook Store Sales will be reported at 8:55 a.m. ET. As with the ICSC-Goldman report, there are two components to watch. One is the more volatile month-over-month change and the other is the year-over-year change which shows the broader trend best.

The last month-over-month change showed a gain of 0.2 percent. The previous report's year-over-year data showed a gain of 2.5 percent. Negative numbers in either series would be bearish.

By: Bryan McCormick

[ask2lern]

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

Another draw in indexes for bulls, bears
November 9, 2010 Tue 6:18 AM CT


The week began with another day of indecision in the markets. Volume was moderate, and there were few wild swings in price to remark on in either direction.

Amazingly the markets, despite getting everything they could have wanted from the elections and the Fed, seem to refuse to rally with much enthusiasm. This could be the result of light volume or a signal that there is a tug of war going on between bulls and bears that results in a draw each day.

Levels remain as they were yesterday morning.

Nasdaq 100 (NDX)

First support is at 2165.57. First resistance is at 2193.66.

For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $53.14. First resistance is at $53.86.

S&P 500 (SPX)

First support is at 1197.50. First resistance is at 1233.81.

For the Standard & Poor's Depository Receipts (SPY) first support is at $119.03, the 10-day moving average. First resistance is at $123.83.

Russell 2000 (RUT)

First support is at 719.70. First resistance is at 738.63.

For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $72.10. First resistance is at $73.93.
By: Bryan McCormick

[ccash04]

Cobra:

"SHORT-TERM: BEWARE OF POSSIBLE 2.5%+ CORRECTIONS
If you paid attention to the pattern mentioned in 11/05 Market Recap about SPX daily bar completely out of BB, then you won’t be surprised about today’s small pullback, because 8 out of 12 cases since 1991, the day after an out of BB day was a red day. Take a look again on all the cases below for what likely is to happen after today. At least it looks to me more small pullbacks are more likely.

Although, my guess is that nobody would believe the SPX would ever pullback a little little bigger, but still I’d like to remind you that we’re in a now or never time window. See chart below, since 1991, interestingly, the straight up without 2.5%+ pullbacks usually lasted 48 to 61 trading days. And now we’ve had 50 trading days without 2.5%+ pullbacks. So odds are that a little bit bigger pullback would happen within 2 weeks. Again, this is a now or never time window which in another word is if we had no 2.5%+ pullbacks for more than 61 trading days then chances are that the market would be up straight for 148 trading days without 2.5%+ pullbacks. By the way, the time window for a little bigger pullback within 2 weeks also fits well what I mentioned in 11/05 Market Recap calling for 70%+ chances a red week this or the next week."

[kbk3ck]

Thanks Ask!!

[abdogman]

Good Morning Gang ....Ask and Ccash thx for nmbrs and info...back for the open!!!!...GLTA!

[deadmoney95]

Morning all. ccash that cobra post is pretty illuminating.

Carl F similarly worried we're gonna fall before we can go back up:

December S&P E-mini Futures: Today's range estimate is again 1212-1225. I think this first attempt at a breakout above the April top at 1216 will fail and be followed by a break of 30-40 points. After that the march to 1300 will resume.

Caldaro:

SHORT TERM: market consolidates, DOW -37

Overnight (Sunday night) the Asian markets were mixed. Europe opened lower and closed -0.25%. US index futures were lower overnight and the market opened slightly lower at SPX 1223. It had closed at SPX 1226 on friday. The pullback continued until about 11:00 when the SPX hit 1218. After that, with only a small dip below neutral in short term momentum, the market tried to work its way higher. At 2:00 the FED made the following press release: www.federalreserve.gov/BoardDocs/SnLoanSurvey/201011/Default.htm. Then at 3:30 FED governor Warsh’s speech was released: www.federalreserve.gov/newsevents/speech/warsh20101108a.htm. Heading into the close the SPX hit 1225 and then ended the day at 1223.

For the day the SPX/DOW were -0.25%, and the NDX/NAZ were +0.05%. Bonds were flat, Crude added 10 cents, Gold gained $17.00 and the USD was higher. Support for the SPX remains at 1222 and then 1187, with resistance at 1240 and then 1261. Short term momentum stayed around neutral all day. Tomorrow, Wholesale inventories at 10:00.

After the post QE 0.6 surge on thursday and the initial push to SPX 1227 by 11:00 on friday, the market has gone into a consolidation phase. The trading range, thus far, has only been nine SPX points, (1227-1218). In the meantime, shorter term overbought conditions are drifting towards neutral while the short term OEW charts remain positive. In other assets, Gold crossed $1400 today for the first time in history, despite the USD rally. Crude is toying with $87 again, and NatGas is starting to look quite interesting technically at these levels. Best to your trading!

[kryptos2009]

Here is the PP Daily Thread (PPDT) data.


XLF PP=15.45
MP=15.52 R1=15.58 MP=15.64 R2=15.70 MP=15.83 R3=15.95 MP=16.08 R4=16.20
MP=15.39 S1=15.33 MP=15.27 S2=15.20 MP=15.08 S3=14.95 MP=14.83 S4=14.70
O=15.56 H=15.57 L=15.32 C=15.46

FAS PP=25.89
MP=26.19 R1=26.49 MP=26.79 R2=27.09 MP=27.69 R3=28.29 MP=28.89 R4=29.49
MP=25.59 S1=25.29 MP=24.99 S2=24.69 MP=24.09 S3=23.49 MP=22.89 S4=22.29
O=26.46 H=26.48 L=25.28 C=25.9

FAZ PP=10.64
MP=10.76 R1=10.87 MP=10.99 R2=11.10 MP=11.33 R3=11.56 MP=11.79 R4=12.02
MP=10.53 S1=10.41 MP=10.30 S2=10.18 MP=9.95 S3=9.72 MP=9.49 S4=9.26
O=10.42 H=10.88 L=10.42 C=10.63

SPY PP=122.37
MP=122.59 R1=122.81 MP=122.97 R2=123.12 MP=123.50 R3=123.87 MP=124.25 R4=124.62
MP=122.22 S1=122.06 MP=121.84 S2=121.62 MP=121.25 S3=120.87 MP=120.50 S4=120.12
O=122.34 H=122.69 L=121.94 C=122.49

SPG PP=105.95
MP=106.38 R1=106.80 MP=107.08 R2=107.36 MP=108.06 R3=108.77 MP=109.47 R4=110.18
MP=105.67 S1=105.39 MP=104.97 S2=104.54 MP=103.83 S3=103.13 MP=102.42 S4=101.72
O=106.45 H=106.5 L=105.09 C=106.25

GS PP=169.97
MP=170.41 R1=170.84 MP=171.66 R2=172.48 MP=173.74 R3=174.99 MP=176.25 R4=177.50
MP=169.15 S1=168.33 MP=167.90 S2=167.46 MP=166.21 S3=164.95 MP=163.70 S4=162.44
O=169.95 H=171.61 L=169.1 C=169.2

JPM PP=40.64
MP=40.86 R1=41.07 MP=41.35 R2=41.63 MP=42.13 R3=42.62 MP=43.12 R4=43.61
MP=40.36 S1=40.08 MP=39.87 S2=39.65 MP=39.16 S3=38.66 MP=38.17 S4=37.67
O=40.86 H=41.2 L=40.21 C=40.51

MS PP=27.03
MP=27.25 R1=27.47 MP=27.60 R2=27.72 MP=28.07 R3=28.41 MP=28.76 R4=29.10
MP=26.91 S1=26.78 MP=26.56 S2=26.34 MP=26.00 S3=25.65 MP=25.31 S4=24.96
O=27 H=27.29 L=26.6 C=27.21

C PP=4.46
MP=4.48 R1=4.50 MP=4.54 R2=4.57 MP=4.62 R3=4.68 MP=4.73 R4=4.79
MP=4.43 S1=4.39 MP=4.37 S2=4.35 MP=4.29 S3=4.24 MP=4.18 S4=4.13
O=4.52 H=4.52 L=4.41 C=4.44

VIX PP=18.62
MP=18.82 R1=19.02 MP=19.39 R2=19.76 MP=20.33 R3=20.90 MP=21.47 R4=22.04
MP=18.25 S1=17.88 MP=17.68 S2=17.48 MP=16.91 S3=16.34 MP=15.77 S4=15.20
O=19.33 H=19.35 L=18.21 C=18.29

UUP PP=22.31
MP=22.33 R1=22.34 MP=22.36 R2=22.38 MP=22.41 R3=22.45 MP=22.48 R4=22.52
MP=22.29 S1=22.27 MP=22.26 S2=22.24 MP=22.20 S3=22.17 MP=22.13 S4=22.10
O=22.29 H=22.34 L=22.27 C=22.31

FROM: www.econoday.com

Economic Events & Analysis - 11/09/2010 Tuesday


7:30 AM ET NFIB Small Business Optimism Index
7:45 AM ET ICSC-Goldman Store Sales
8:55 AM ET Redbook
10:00 AM ET Wholesale Trade
11:30 AM ET 4-Week Bill Auction
1:00 PM ET 10-Yr Note Auction


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]

xlf 15.45 on 1m

[abdogman]

macd neg on 1m xlf fas and drn
xlf 15.43 on 1m

[abdogman]

BB''s spreading on 1m xlf fas drn
macd neg on 1m for all three
xlf 15.37 on 1m

[deadmoney95]

well, this fas dip is a fairly ugly way to start the a.m.

[abdogman]

Nov 9, 2010 9:38:21 GMT -5 deadmoney95 said:

well, this fas dip is a fairly ugly way to start the a.m.

Hmmmmmm!

[abdogman]

macd on 1m xlf fas coming around to 0/0
xlf 14.3863 on 1m

[jack]

CNL @ 7.40 on no new news since yesterday...(but only on 10K vol)

www.theglobeandmail.com/globe-investor/investment-ideas/features/who-is-buying-and-selling/continental-gold-chair-buys-on-bernanke-dip/article1787554/

[abdogman]

Nov 9, 2010 9:46:10 GMT -5 jack said:

CNL @ 7.40 on no new news since yesterday...(but only on 10K vol)

www.theglobeandmail.com/globe-investor/investment-ideas/features/who-is-buying-and-selling/continental-gold-chair-buys-on-bernanke-dip/article1787554/

Thx Jack

[abdogman]

macd + on 1m xlf fas and Drn moving toward +
xlf 15.41 on 1m

[jack]

Exalt to Krypt for giving us the numbers!

: )

[abdogman]

BB's narrowing on 1m xlf fas drn
xlf 15.3799 on 1m

[abdogman]

xlf 15.40 on 1m

[abdogman]

xlf 15.42 on 1m

[abdogman]

BB's starting to spread on 1m xlf fas faz
xlf 15.45 on 1m

[abdogman]

macd neg now on 1m xlf fas drn
xlf 15.42 on 1m

[abdogman]

xlf 15.39 on 1m

[abdogman]

xlf 15.38 on 1m
drn 59.94 on 1m

[abdogman]

xlf 15.36 on 1m
BB's spreading on 1m xlf fas faz
xlf and fas on 1m on bottom band

[brosin]

$VIX made a new recent low today (eclipsed the mid Oct low) to get us to levels we hadn't seen since late April prior to flash crash.

It seems to be bouncing off that new low though.

[abdogman]

BB's narrow now on 1m xlf fas faz
current BB range on 1m xlf 15.3879-15.3536
macd + on 1m xlf fas and neg on 1m drn
xlf 15.37 on 1m

[abdogman]

xlf 15.35 on 1m