PPDT - PP-XLF = 14.45 - 11/24 Wednesday

[kryptos2009]

Here is the PP Daily Thread (PPDT) data.


XLF PP=14.45
MP=14.47 R1=14.49 MP=14.54 R2=14.58 MP=14.64 R3=14.71 MP=14.77 R4=14.84
MP=14.41 S1=14.36 MP=14.34 S2=14.32 MP=14.25 S3=14.19 MP=14.12 S4=14.06
O=14.48 H=14.53 L=14.4 C=14.41

FAS PP=21.39
MP=21.50 R1=21.61 MP=21.77 R2=21.93 MP=22.20 R3=22.47 MP=22.74 R4=23.01
MP=21.23 S1=21.07 MP=20.96 S2=20.85 MP=20.58 S3=20.31 MP=20.04 S4=19.77
O=21.49 H=21.72 L=21.18 C=21.28

FAZ PP=12.66
MP=12.76 R1=12.85 MP=12.91 R2=12.96 MP=13.11 R3=13.26 MP=13.41 R4=13.56
MP=12.61 S1=12.55 MP=12.46 S2=12.36 MP=12.21 S3=12.06 MP=11.91 S4=11.76
O=12.61 H=12.77 L=12.47 C=12.74

SPY PP=118.49
MP=118.74 R1=118.98 MP=119.25 R2=119.52 MP=120.03 R3=120.55 MP=121.06 R4=121.58
MP=118.22 S1=117.95 MP=117.71 S2=117.46 MP=116.94 S3=116.43 MP=115.91 S4=115.40
O=118.77 H=119.02 L=117.99 C=118.45

SPG PP=97.46
MP=97.70 R1=97.93 MP=98.11 R2=98.28 MP=98.69 R3=99.10 MP=99.51 R4=99.92
MP=97.29 S1=97.11 MP=96.88 S2=96.64 MP=96.23 S3=95.82 MP=95.41 S4=95.00
O=97.03 H=97.82 L=97 C=97.57

GS PP=158.78
MP=159.34 R1=159.90 MP=160.96 R2=162.02 MP=163.64 R3=165.26 MP=166.88 R4=168.50
MP=157.72 S1=156.66 MP=156.10 S2=155.54 MP=153.92 S3=152.30 MP=150.68 S4=149.06
O=159.1 H=160.9 L=157.66 C=157.78

JPM PP=37.82
MP=37.93 R1=38.03 MP=38.24 R2=38.44 MP=38.75 R3=39.06 MP=39.37 R4=39.68
MP=37.62 S1=37.41 MP=37.31 S2=37.20 MP=36.89 S3=36.58 MP=36.27 S4=35.96
O=38.01 H=38.22 L=37.6 C=37.63

MS PP=24.77
MP=24.83 R1=24.88 MP=25.00 R2=25.11 MP=25.28 R3=25.45 MP=25.62 R4=25.79
MP=24.66 S1=24.54 MP=24.49 S2=24.43 MP=24.26 S3=24.09 MP=23.92 S4=23.75
O=24.76 H=24.99 L=24.65 C=24.66

C PP=4.12
MP=4.13 R1=4.13 MP=4.15 R2=4.17 MP=4.19 R3=4.22 MP=4.24 R4=4.27
MP=4.10 S1=4.08 MP=4.08 S2=4.07 MP=4.04 S3=4.02 MP=3.99 S4=3.97
O=4.15 H=4.15 L=4.1 C=4.1

VIX PP=20.77
MP=21.04 R1=21.31 MP=21.65 R2=21.98 MP=22.59 R3=23.19 MP=23.80 R4=24.40
MP=20.44 S1=20.10 MP=19.83 S2=19.56 MP=18.96 S3=18.35 MP=17.75 S4=17.14
O=20.25 H=21.45 L=20.24 C=20.63

UUP PP=23.00
MP=23.05 R1=23.10 MP=23.14 R2=23.17 MP=23.25 R3=23.34 MP=23.42 R4=23.51
MP=22.97 S1=22.93 MP=22.88 S2=22.83 MP=22.74 S3=22.66 MP=22.57 S4=22.49
O=22.9 H=23.06 L=22.89 C=23.04

FROM: www.econoday.com

Economic Events & Analysis - 11/24/2010 Wednesday


7:00 AM ET MBA Purchase Applications
8:30 AM ET Durable Goods Orders
8:30 AM ET Personal Income and Outlays
8:30 AM ET Jobless Claims
9:55 AM ET Consumer Sentiment
10:00 AM ET New Home Sales
10:00 AM ET FHFA House Price Index
10:30 AM ET EIA Petroleum Status Report
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
12:00 PM ET EIA Natural Gas Report
1:00 PM ET 7-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.

[ask2lern]

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


GOLD

R3 1423.83
R2 1398.43
R1 1387.97

PP 1373.03

S1 1362.57
S2 1347.63
S3 1322.23


SILVER

R3 28.70
R2 28.10
R1 28.81

PP 27.50

S1 27.21
S2 26.90
S3 26.30


IMW

R3 73.43
R2 72.69
R1 72.40

PP 71.95

S1 71.66
S2 71.21
S3 70.47



TNA

R3 59.47
R2 57.75
R1 57.07

PP 56.03

S1 55.35
S2 54.31
S3 52.59


TZA

R3 21.89
R2 21.29
R1 20.93

PP 20.69

S1 20.33
S2 20.09
S3 19.49


SDS

R3 28.10
R2 27.66
R1 27.46

PP 27.22

S1 27.02
S2 26.78
S3 26.34

………………………..GLTA

[ask2lern]

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

Jobs, housing, oil reports on slate
November 24, 2010 Wed 6:00 AM CT


The economic calendar is full today, with the bulk of releases for the week crammed in before the holiday.

At 7 a.m. ET, MBA Purchase Applications will be released. There is no consensus forecast for this mortgage report, but last week the purchases component of the index came in at 179.2. I follow only this subcomponent of the release because it indicates new activity, not refinancing.

A number that comes in higher than last week's reading by 5 percent or more would be bullish. A bearish reading would be one that comes in lower than the last number by 5 percent or more.

Durable Goods Orders, a key report of the day, will come out at 8:30 a.m. ET. Consensus is for the number to be unchanged from last mont's report. The range of expected values is quite wide, from a bearish -2.7 percent to a bullish 3 percent.

Personal Income and Outlays comes out at 8:30 a.m. ET, though it is likely to be overshadowed by Durable Goods. Income is expected to come in at 0.4 percent and spending at 0.5 percent. The ideal scenario is for both income and spending to rise roughly in-line with one another.

The range of estimates for income is from a bearish -0.1 percent to a bullish 0.5 percent. The range in spending runs from a modest rise of 0.3 percent to a bullish 0.8 percent. A drop in spending would be a bearish outlier surprise.

Jobless Claims will also be released at 8:30 a.m. ET. Most economists expect a small drop of 435,000 in initial claims versus the 439,000 reported last week. The range is from a bullish 420,000 to a moderately bearish 445,000. A number that breaks either end of the range is likely to produce a significant market response.

The final revision for the Reuters/University of Michigan Consumer Sentiment Index comes out at 9:55 a.m. ET. As this is a final revision, the expected range is very narrow. The headline number is forcast to come in at 69.5, with the range between a mildly bearish 69 and a bullish 70.5.

New Home Sales will be reported at 10 a.m. ET. Consensus is for sales of 310,000 units, which is a slight rise from the previous report's 307,000 units. Expectations range from a bearish 300,000 units to a bullish 340,000 units.

The FHFA House Price Index will be released at 10 a.m. ET. A month-over-month increase of 0.4 percent is forecast, with a drop of -2.4 percent expected on a year-over-year basis.

The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Before the EIA data comes out, the American Petroleum Institute puts out a competing report based on its own supply data.

The forecast for both reports was a large draw of -2.1 million barrels. But the API release, which came out last night after the market closed, showed a large build of 5.189 million barrels instead.

If the EIA data confirms a large build, it could be bearish for crude pricing. If the build is smaller than 5.189 million barrels, or there 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

Levels face test at 50-day averages
November 24, 2010 Wed 6:08 AM CT


Yesterday's sharp drop took out support for all of the indexes but did not touch last week's lows. Support and resistance are updated for the Nasdaq 100, S&P 500, and Russell 2000 today.

The key now a test of the 50-day moving average, a support proxy that is a make-or-break level for each index. A successful test could mean higher prices into year-end; a break would reinforce the current downtrend.

Nasdaq 100 (NDX)
First support is at 2090.34. First resistance is at 2136.14, the 10-day moving average.

For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $51.87. First resistance is at $52.48, the 10-day moving average.

S&P 500 (SPX)
First support is at 1173.30, the 50-day moving average. First resistance is at 1192.51.

For the Standard & Poor's Depository Receipts (SPY) first support is at $117.46, the 50-day moving average. First resistance is at $119.02.

Russell 2000 (RUT)
First support is at 701.43. First resistance is at 721.76. the 10-day moving average.

For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $70.15. First resistance is at $72.19, the 10-day moving average.

By: Bryan McCormick

[brosin]

Good morning guys, thanks for the info!

[ukarlewitz]

Good morning PPDT. I had some computer troubles and reset my account (oops); long story. So, anyways, I'm now new to Fastopia. I just wanted to pop in and wish all of you a safe and happy holiday. Eat well and enjoy your time off.

[Rich]

what a morning...no smokes or coffee...and I'm trying to get my new platform up to sell those lvs calls!

alert: fas just broke 22!

I'm still messed up

[crumbdon]

Nov 24, 2010 10:02:02 GMT -5 ukarlewitz said:

Good morning PPDT. I had some computer troubles and reset my account (oops); long story. So, anyways, I'm now new to Fastopia. I just wanted to pop in and wish all of you a safe and happy holiday. Eat well and enjoy your time off.

Welcome back home. Allow me to return the sentiment, as well as offer an exalt so you will no longer be a Fastopian virgin.
My best to you and everyone else.

[actuarynomore]

Wow - Last PPDT post over 2 hours ago - Gotta be a record.

Unfortunately I can't post charts yet but when you look at the 10 minute FAS chart, we seem to be hitting the top of a downward channel going back to the $26.97 high on 11/5.

[elle]

C here 1198, yes it is all the way down there, now do we go thru?

[elle]

I'm sure we can all make cases either way here, was planning to go into w/e all cash, but the last down moves built a large W plays out around 1211, so might split the difference

[elle]

how about vxx in the 42's, we jump

[elle]

Nov 24, 2010 10:36:44 GMT -5 Rich said:

what a morning...no smokes or coffee...and I'm trying to get my new platform up to sell those lvs calls!

alert: fas just broke 22!

I'm still messed up

I get the smokes, but why no coffee?

[Rich]

The wife just told me all the traders are out shopping.

It's a madhouse!

I do love this time of year.

[elle]

well, I'm not!! because I have a couple of the only stocks that haven't moved much

[Rich]

Nov 24, 2010 13:51:43 GMT -5 elle said:

Nov 24, 2010 10:36:44 GMT -5 Rich said:

what a morning...no smokes or coffee...and I'm trying to get my new platform up to sell those lvs calls!

alert: fas just broke 22!

I'm still messed up

I get the smokes, but why no coffee?

It was a rough morning, stayed up too late, woke up at 9:28am, scrambled to set up the computer. I was late on selling lvs, cost me some of the profit I could have had.

oh...the coffee?

Leann slept in.

[elle]

I don't know whether I should thumbs up or thumbs down. Taht frustrating, sometimes it hits so fast, can't get it even with a sell already there.

[Rich]

I know lvs so well. When you're long on a gap up, you sell immediately.

You can buy it right back at a cheaper price normally, if you think the market will continue higher.

*Credit Dualism with that piece of knowledge

[elle]

I actually don't want to leave early. It's so much fun watching iwm just hang there, all is still, people piling into the short ppsns expecting the roll over..................and then we wait,

[elle]

grabbed some vix just now to hedge holding my longs

Happy Thanksgiving, my fellow PPDTers!

gobble, gobble

[brosin]

Happy Thanksgiving to you too Elle!