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Post by ask2lern on Dec 1, 2010 7:21:10 GMT -5
Morning Gang!! here are the pivots……….…hope everyone has a great day ………GLTA
XLF
R3 14.82 R2 14.65 R1 14.55
PP 14.48
S1 14.38 S2 14.31 S3 14.14
SPY
R3 121.21 R2 119.85 R1 119.17
PP 118.49
S1 117.81 S2 117.13 S3 115.77
GOLD
R3 1419.40 R2 1401.80 R1 1395.00
PP 1384.20
S1 1377.40 S2 1366.60 S3 1349.00
SILVER
R3 30.45 R2 29.15 R1 28.64
PP 27.85
S1 27.34 S2 26.55 S3 25.25
IMW
R3 74.87 R2 73.80 R1 73.27
PP 72.73
S1 72.20 S2 71.66 S3 70.59
TNA
R3 62.84 R2 60.32 R1 59.13
PP 57.80
S1 56.61 S2 55.28 S3 52.76
TZA
R3 21.62 R2 20.78 R1 20.34
PP 19.94
S1 19.50 S2 19.10 S3 18.26
SDS
R3 28.42 R2 27.80 R1 27.48
PP 27.18
S1 26.86 S2 26.56 S3 25.94
………………………..GLTA
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Post by ask2lern on Dec 1, 2010 7:23:26 GMT -5
From www.optionmonster.com ........................................GLTA Nasdaq 100 breaks below supportDecember 1, 2010 Wed 12:19 AM CT The Nasdaq 100 became the first of the indexes to break support yesterday as heavyweights Google and Apple led the way down. The 50-day moving average now becomes key next support. The S&P 500 through relative inertia has also ended up being much closer to its 50-day moving average. If both indexes break their 50-day averages, we could see selling accelerate. The Russell 2000 has moved within such a narrow range of late that its levels remain unchanged, except for an update of moving averages. Nasdaq 100 (NDX)First support is at 2090.23, the 50-day moving average. First resistance is at 2130.75, the 10-day moving average. For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $51.32. First resistance is at $52.38. S&P 500 (SPX)First support is at 1178.07, the 50-day moving average. First resistance is at 1207.43. For the Standard & Poor's Depository Receipts (SPY) first support is at $117.95. First resistance is at $121.05. Russell 2000 (RUT)First support is at 723.38, the 10-day moving average. First resistance is at 738.73, the pivot high from early November. For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $72.42. First resistance is at $74. By: Bryan McCormick
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Post by ask2lern on Dec 1, 2010 7:25:47 GMT -5
From www.optionmonster.com .....................................GLTA Two labor reports lead full calendarDecember 1, 2010 Wed 12:02 AM CT The new month begins with a heavy day of economic releases that cover a wide range of data on sales, jobs, manufacturing, construction, and energy. The calendar also includes the Federal Reserve's Beige Book report at 2 p.m. ET, which will provide an anecdotal update of how well the economy is doing in various regions. Motor Vehicle Sales will be come out today, with each company providing an independent update of its business. The releases have no fixed timetable but typically begin at noon ET. The shares of Ford, General Motors, Honda, and Toyota are likely to be active. With this the first report since GM began trading publicly again, this could be a more active session than usual. The Challenger Job-Cut report will be released at 7:30 a.m. ET. The report is followed closely by traders as it reflects job cuts that have been announced but not yet implemented. It therefore could provide a leading indicator of future unemployment claims and a barometer of business health. Job reductions have moderated considerably, with the last report coming in at 37,986. A number above 50,000 this time would need to be seen to be considered as bearish, while a reading below 30,000 would be considered very bullish. The ADP Employment Report comes out at 8:15 a.m. ET. This report is compiled from private sources and therefore does not always correspond with the government's Employment Situation release, which is scheduled for Friday morning. Regardless, traders tend to treat the ADP report as a proxy for the government report and will act on it. The forecast is for a rise in payrolls of 69,000. The range is from a bearish 40,000 to a bullish 103,000. Numbers that break either end of the range will produce a bigger market reaction. Productivity and Costs will be released at 8:30 a.m. ET. The forecast calls for a reading of -0.2 percent, with a rise in productivity of 2.3 percent. This report is likely to be the least-weighted, given current economic conditions. Traders are not as yet concerned with inflationary pressures, as a rise in costs might be seen as beneficial for the broader economy because wages have been largely stagnant in recent years. The ISM Manufacturing Index will be reported at 10 a.m. ET and is expected to be virtually unchanged from the previous release at 56.5 versus 56.9. The range of forecasts runs from a bearish 54 to a bullish 58. A number below 50 would be a major bearish surprise, while a reading at or above 60 would be very bullish. Construction Spending comes out at 10 a.m. ET and will likely take a back seat to the ISM data. Spending is seen as falling by -0.4 percent. The range is from a bearish drop of -1 percent to a more bullish 0.7 percent. The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Before the EIA data comes out, the American Petroleum Institute releases a competing report based on its own supply data. The forecast for both reports was a small draw of -0.4 million barrels. But the API release, which came out last night after the market closed, showed a larger decline of -1.14 million barrels instead. If the EIA data confirms this number, it could be bullish for crude pricing. If the draw is smaller than -1.14 million barrels, or there is 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 terms of amount or direction. By: Bryan McCormick
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Post by ask2lern on Dec 1, 2010 7:32:23 GMT -5
From trading the odds...................................GLTA
From a statistical and historical point of view, after posting 3 consecutive lower open, lower highs and lower closes (concerning the S&P 500) probabilities (winning percentage) and odds (expectancy) are tilt in favor of higher prices over the course of the next couple of sessions.
Successful trading,
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Post by abdogman on Dec 1, 2010 7:36:16 GMT -5
Good Morning Gang......Ask thx for the nmbrs and info....GLTA!!
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Post by ask2lern on Dec 1, 2010 7:45:52 GMT -5
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Post by abdogman on Dec 1, 2010 8:38:44 GMT -5
0815est
November ADP Employment Report 93K vs 58K Briefing.com consensus
October ADP Employment revised to 82K from 43K
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Post by abdogman on Dec 1, 2010 8:39:54 GMT -5
0830est
Q3 Unit Labor Costs- final -0.1% vs -0.5% Briefing.com consensus; prelim -0.1%
Q3 Productivity- final +2.3% vs +2.4% Briefing.com consensus; prelim +1.9%
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Post by abdogman on Dec 1, 2010 8:40:10 GMT -5
back for the open
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Post by ccash04 on Dec 1, 2010 9:25:43 GMT -5
yo E, looks like it could be a b/o beyond 14.60 and if it holds and 15 breaks then its 18.75 me thinks
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Post by abdogman on Dec 1, 2010 9:33:56 GMT -5
xlf 14.66 on 1m
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Post by ccash04 on Dec 1, 2010 9:37:55 GMT -5
BHI following through on a nice move from yesterday
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Post by abdogman on Dec 1, 2010 9:38:00 GMT -5
macd + on 1m iyr drn fas xlf iyr 54.53 drn 51.23 fas 22.22 xlf 14.65
on 1m
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Post by ccash04 on Dec 1, 2010 9:38:38 GMT -5
As stated yesterday I am more convinced that this is looking like beginning of september as the past few days looked like the end of august when we couldnt break through support.
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Post by abdogman on Dec 1, 2010 9:41:35 GMT -5
iyr 54.55 drn 51.33 fas 22.27 xlf 14.68
on 1m
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Post by abdogman on Dec 1, 2010 9:44:13 GMT -5
macd moving toward 0/0 from + on 1m iyr drn fas xlf
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Post by abdogman on Dec 1, 2010 9:46:16 GMT -5
macd neg now on 1m iyr drn
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Post by abdogman on Dec 1, 2010 9:48:00 GMT -5
BB's narrowing on 1m iyr drn fas xlf macd neg now on all above on 1m
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Post by kryptos2009 on Dec 1, 2010 9:54:17 GMT -5
Here is the PP Daily Thread (PPDT) data. XLF PP=14.48 MP=14.52 R1=14.55 MP=14.60 R2=14.65 MP=14.73 R3=14.82 MP=14.90 R4=14.99 MP=14.43 S1=14.38 MP=14.35 S2=14.31 MP=14.22 S3=14.14 MP=14.05 S4=13.97 O=14.42 H=14.57 L=14.4 C=14.46 FAS PP=21.48 MP=21.62 R1=21.76 MP=21.94 R2=22.11 MP=22.43 R3=22.74 MP=23.06 R4=23.37 MP=21.31 S1=21.13 MP=20.99 S2=20.85 MP=20.54 S3=20.22 MP=19.91 S4=19.59 O=21.26 H=21.84 L=21.21 C=21.4 FAZ PP=12.52 MP=12.62 R1=12.72 MP=12.80 R2=12.87 MP=13.05 R3=13.22 MP=13.40 R4=13.57 MP=12.45 S1=12.37 MP=12.27 S2=12.17 MP=12.00 S3=11.82 MP=11.65 S4=11.47 O=12.64 H=12.68 L=12.33 C=12.56 SPY PP=118.49 MP=118.83 R1=119.17 MP=119.51 R2=119.85 MP=120.53 R3=121.21 MP=121.89 R4=122.57 MP=118.15 S1=117.81 MP=117.47 S2=117.13 MP=116.45 S3=115.77 MP=115.09 S4=114.41 O=117.98 H=119.17 L=117.81 C=118.49 SPG PP=98.44 MP=99.09 R1=99.74 MP=100.36 R2=100.98 MP=102.25 R3=103.52 MP=104.79 R4=106.06 MP=97.82 S1=97.20 MP=96.55 S2=95.90 MP=94.63 S3=93.36 MP=92.09 S4=90.82 O=97.24 H=99.68 L=97.14 C=98.5 GS PP=157.20 MP=157.74 R1=158.27 MP=159.33 R2=160.39 MP=161.99 R3=163.58 MP=165.18 R4=166.77 MP=156.14 S1=155.08 MP=154.55 S2=154.01 MP=152.42 S3=150.82 MP=149.23 S4=147.63 O=158.07 H=159.33 L=156.14 C=156.14 JPM PP=37.48 MP=37.60 R1=37.71 MP=37.87 R2=38.03 MP=38.30 R3=38.58 MP=38.85 R4=39.13 MP=37.32 S1=37.16 MP=37.05 S2=36.93 MP=36.65 S3=36.38 MP=36.10 S4=35.83 O=37.49 H=37.79 L=37.24 C=37.4 MS PP=24.53 MP=24.62 R1=24.70 MP=24.82 R2=24.93 MP=25.13 R3=25.33 MP=25.53 R4=25.73 MP=24.42 S1=24.30 MP=24.22 S2=24.13 MP=23.93 S3=23.73 MP=23.53 S4=23.33 O=24.55 H=24.77 L=24.37 C=24.46 C PP=4.18 MP=4.22 R1=4.26 MP=4.29 R2=4.31 MP=4.38 R3=4.44 MP=4.51 R4=4.57 MP=4.16 S1=4.13 MP=4.09 S2=4.05 MP=3.99 S3=3.92 MP=3.86 S4=3.79 O=4.13 H=4.24 L=4.11 C=4.2 VIX PP=23.25 MP=23.67 R1=24.08 MP=24.35 R2=24.62 MP=25.31 R3=25.99 MP=26.68 R4=27.36 MP=22.98 S1=22.71 MP=22.30 S2=21.88 MP=21.20 S3=20.51 MP=19.83 S4=19.14 O=23.27 H=23.79 L=22.42 C=23.54 UUP PP=23.47 MP=23.51 R1=23.55 MP=23.57 R2=23.59 MP=23.65 R3=23.71 MP=23.77 R4=23.83 MP=23.45 S1=23.43 MP=23.39 S2=23.35 MP=23.29 S3=23.23 MP=23.17 S4=23.11 O=23.51 H=23.52 L=23.4 C=23.5 FROM: www.econoday.comEconomic Events & Analysis - 12/01/2010 WednesdayMotor Vehicle Sales 7:00 AM ET MBA Purchase Applications 7:30 AM ET Challenger Job-Cut Report 8:15 AM ET ADP Employment Report 8:30 AM ET Productivity and Costs 10:00 AM ET ISM Mfg Index 10:00 AM ET Construction Spending 10:30 AM ET EIA Petroleum Status Report 2:00 PM ET Beige Book 2:10 PM ET Janet Yellen Speaks 2:30 PM ET Sheila Bair Speaks 5:00 PM ET Richard Fisher Speaks 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 1, 2010 9:55:10 GMT -5
BB's narrowing on 1m iyr drn fas xlf macd neg now on all above on 1m BB's narrow PPS sideways on iyr 54.50 drn 51.10 fas 22.33 xlf 14.69 all on 1m
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Post by abdogman on Dec 1, 2010 10:00:43 GMT -5
1000est
November ISM Manufacturing Index 56.6 vs 56.5 Briefing.com consensus; October 56.9
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Post by abdogman on Dec 1, 2010 10:01:29 GMT -5
1000est
October Construction Spending M/M +0.7% vs -0.5% Briefing.com consensus; prior revised to +0.7% from +0.5%
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Post by abdogman on Dec 1, 2010 10:03:23 GMT -5
BB's on 1m iyr drn fas xlf still narrow macd on above still neg
PPs virtually sideways
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Post by abdogman on Dec 1, 2010 10:09:11 GMT -5
BB's spreading slowly now on 1m iyr drn fas xlf
iyr 54.34 drn 50.63 fas 22.20 xlf 14.65
on 1m
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Post by abdogman on Dec 1, 2010 10:20:44 GMT -5
BB's slowly narrowing on 1m fas xlf macd nearing 00 from neg on 1m iyr drn fas xlf PPS sideways
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Post by abdogman on Dec 1, 2010 10:30:37 GMT -5
iyr drn on 1m macd waffled then went back neg xlf fas on 1m still neg
iyr 54.15 drn 50.18 fas 22.13 xlf 14.64
on 1m
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Post by abdogman on Dec 1, 2010 10:36:38 GMT -5
macd on 1m iyr drn fas xlf now +
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Post by abdogman on Dec 1, 2010 10:39:13 GMT -5
sorry i am late with this
1000edt * Crude oil inventories had a build of 1066K (consensus is a draw of 1150K) * Gasoline inventories had a build of 561K (consensus is a build of 300K) * Distillate inventories had a draw of 194K (consensus is a draw of 1100K) * The change in refinery utilization was -2.90% (consensus was +0.40%)
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Post by abdogman on Dec 1, 2010 10:40:31 GMT -5
1032est
Summary of Weekly Petroleum Data for the week ending Nov 26 Production: U.S. crude oil refinery inputs averaged 14.1 mln bpd during the week ending November 26, 170 thousand bpd below the previous week's average. Refineries operated at 82.6 percent of their operable capacity last week. Gasoline production decreased last week, averaging 8.8 mln bpd. Distillate fuel production decreased last week, averaging 4.3 mln bpd.
Imports: U.S. crude oil imports averaged 8.4 mln bpd last week, down by 578 thousand bpd from the previous week. Over the last four weeks, crude oil imports have averaged 8.4 mln bpd, 291 thousand bpd below the same four-week period last yr. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 698 thousand bpd. Distillate fuel imports averaged 112 thousand bpd last week.
Inventory: At 359.7 mln barrels, U.S. crude oil inventories are above the upper limit of the average range for this time of yr. Total motor gasoline inventories increased by 0.6 mln barrels last week and are in the upper half of the average range. Finished gasoline inventories decreased while blending components inventories increased last week. Distillate fuel inventories decreased by 0.2 mln barrels and are just below the upper boundary of the average range for this time of yr. Propane/propylene inventories increased by 1.1 mln barrels last week and are in the middle of the average range. Total commercial petroleum inventories remained unchanged from last week.
Demand: Over the last four weeks, motor gasoline demand has averaged 8.9 mln bpd, down by 0.5 percent from the same period last yr. Distillate fuel demand has averaged 3.9 mln bpd over the last four weeks, up by 8.8 percent from the same period last yr.
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Post by abdogman on Dec 1, 2010 10:41:34 GMT -5
iyr 54.19 drn 50.28 fas 22.20 xlf 14.66
on 1m
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