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Post by ask2lern on Dec 8, 2010 7:08:19 GMT -5
Morning Gang!! here are the pivots……….…hope everyone has a great day ………GLTA
SPY
R3 125.70 R2 124.45 R1 123.64
PP 123.20
S1 122.39 S2 121.95 S3 120.70
XLF
R3 15.69 R2 15.46 R1 15.32
PP 15.23 S1 15.09 S2 15.00 S3 14.77
GOLD
R3 1484.70 R2 1447.30 R1 1424.70
PP 1409.90
S1 1387.30 S2 1372.50 S3 1335.10
SILVER
R3 33.83 R2 31.56 R1 30.11
PP 29.29
S1 27.84 S2 27.02 S3 24.75
IMW
R3 78.40 R2 77.57 R1 77.08
PP 76.74
S1 76.25 S2 75.91 S3 75.08
TNA
R3 72.10 R2 69.90 R1 68.59
PP 67.70
S1 66.39 S2 65.50 S3 63.30
TZA
R3 18.03 R2 17.46 R1 17.23
PP 16.89
S1 16.66 S2 16.32 S3 15.75
SDS
R3 26.12 R2 25.60 R1 25.41
PP 25.08
S1 24.89 S2 24.56 S3 24.04
………………………..GLTA
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Post by ask2lern on Dec 8, 2010 7:13:05 GMT -5
From www.optionmonster.comA blow-off top? December 8, 2010 level Wed 5:25 AM CT After a flurry of action to the upside in every asset class but Treasuries, the markets fell to close roughly unchanged on Tuesday. As a result, our levels have not changed a great deal. The one exception remains the Russell 2000, which managed to outperform yet again and edged above resistance at the close. It gets new resistance as a result, though support remains unchanged given how minor the push above resistance was. While we have become accustomed to the flattening effect in recent weeks, we could be on the cusp of a turn this time around. Tuesday's action in the S&P 500 and the Nasdaq 100 had a "blow-off" topping feel, although it remains to be seen if the downside gains momentum from here. With the bulls unable to capitalize on every bit of good news they could have possibly desired, yesterday's collapse into the close felt different. We haven't seen real selling pressure since August, and now we need to watch for signs of the bears coming out in force. Nasdaq 100 (NDX)First support is at 2161.14, the 10-day moving average. First resistance is at 2200.16. For the NASDAQ 100 Index Tracking Stock (QQQQ) first support is at $53.15. First resistance is at $54.04. S&P 500 (SPX)First support is at 1207.43. First resistance is at 1227.08. For the Standard and Poor's Depository Receipts (SPY) first support is at $121.05. First resistance is at $122.95. Russell 2000 (RUT)First support is at 745.95. First resistance is at 770.51. For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $74.66. First resistance is at $77.21. By: Bryan McCormick FWIW..............Me thinks SPX showed its hand by quickly rejecting the 1235 yesterday...............................GLTA
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Post by ask2lern on Dec 8, 2010 7:15:35 GMT -5
From www.optionmonster.com ..............................GLTA Report to focus on tech services December 8, 2010 Wed 5:18 AM CT The calendar is relatively short today but contains one report seen only once per quarter: the Census Bureau's Quarterly Services Survey. Our first report of the day will be MBA Purchase Applications at 7am ET. There is no consensus estimate available in advance for this report. Last week the purchases component of the report came in at 207.2. This portion of the report tracks new activity as opposed to refinancing. Many traders heavily-weight this portion of the report as a result. A reading that is higher or lower than the previous week by 5 percent or more would be bullish or bearish, respectively. The Quarterly Services Survey will be released at 10 am and covers businesses in the IT and technology industries. The data is an estimate of total operating revenue and percentage of revenue by customer type. This release will cover the June-September quarter. The EIA Petroleum Status Report is scheduled for 10:30 a.m. ET. The American Petroleum Institute put out a competing report based on its own supply data yesterday afternoon. Analysts expect both figures to show a draw of 1.3 million barrels. But the API release showed a larger decline of 7.338 million barrels. If the EIA data confirms this number, it could be bullish for crude pricing. A draw smaller than 7.338 million barrels, a positive number indicating a build, 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 8, 2010 7:19:35 GMT -5
POMO TODAY
December 8, 2010 December 9, 2010 Outright TIPS Purchase 7/15/2012 – 2/15/2040 $1 - $2 billion
.................................GLTA
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Post by abdogman on Dec 8, 2010 8:00:45 GMT -5
Good Morning Gang.....Ask thx as usual and Nice Set-up!......GLTA!
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Post by kryptos2009 on Dec 8, 2010 9:28:01 GMT -5
Here is the PP Daily Thread (PPDT) data. XLF PP=15.23 MP=15.28 R1=15.32 MP=15.39 R2=15.46 MP=15.58 R3=15.69 MP=15.81 R4=15.92 MP=15.16 S1=15.09 MP=15.05 S2=15.00 MP=14.89 S3=14.77 MP=14.66 S4=14.54 O=15.37 H=15.37 L=15.14 C=15.18 FAS PP=24.60 MP=24.79 R1=24.98 MP=25.35 R2=25.71 MP=26.27 R3=26.82 MP=27.38 R4=27.93 MP=24.24 S1=23.87 MP=23.68 S2=23.49 MP=22.94 S3=22.38 MP=21.83 S4=21.27 O=25.33 H=25.34 L=24.23 C=24.24 FAZ PP=10.83 MP=10.99 R1=11.15 MP=11.24 R2=11.33 MP=11.58 R3=11.83 MP=12.08 R4=12.33 MP=10.74 S1=10.65 MP=10.49 S2=10.33 MP=10.08 S3=9.83 MP=9.58 S4=9.33 O=10.51 H=11 L=10.5 C=10.98 SPY PP=123.20 MP=123.42 R1=123.64 MP=124.05 R2=124.45 MP=125.08 R3=125.70 MP=126.33 R4=126.95 MP=122.80 S1=122.39 MP=122.17 S2=121.95 MP=121.33 S3=120.70 MP=120.08 S4=119.45 O=123.94 H=124.01 L=122.76 C=122.83 SPG PP=102.02 MP=102.34 R1=102.66 MP=103.25 R2=103.83 MP=104.73 R3=105.64 MP=106.54 R4=107.45 MP=101.44 S1=100.85 MP=100.53 S2=100.21 MP=99.30 S3=98.40 MP=97.49 S4=96.59 O=102.71 H=103.18 L=101.37 C=101.5 GS PP=162.60 MP=163.18 R1=163.76 MP=164.85 R2=165.93 MP=167.60 R3=169.26 MP=170.93 R4=172.59 MP=161.52 S1=160.43 MP=159.85 S2=159.27 MP=157.61 S3=155.94 MP=154.28 S4=152.61 O=164.52 H=164.77 L=161.44 C=161.59 JPM PP=39.65 MP=39.86 R1=40.06 MP=40.47 R2=40.87 MP=41.48 R3=42.09 MP=42.70 R4=43.31 MP=39.25 S1=38.84 MP=38.64 S2=38.43 MP=37.82 S3=37.21 MP=36.60 S4=35.99 O=40.35 H=40.46 L=39.24 C=39.25 MS PP=25.85 MP=25.96 R1=26.07 MP=26.27 R2=26.47 MP=26.78 R3=27.09 MP=27.40 R4=27.71 MP=25.65 S1=25.45 MP=25.34 S2=25.23 MP=24.92 S3=24.61 MP=24.30 S4=23.99 O=25.91 H=26.26 L=25.64 C=25.66 C PP=4.60 MP=4.64 R1=4.67 MP=4.69 R2=4.71 MP=4.77 R3=4.82 MP=4.88 R4=4.93 MP=4.58 S1=4.56 MP=4.53 S2=4.49 MP=4.44 S3=4.38 MP=4.33 S4=4.27 O=4.55 H=4.65 L=4.54 C=4.62 VIX PP=17.76 MP=18.07 R1=18.38 MP=18.58 R2=18.78 MP=19.29 R3=19.80 MP=20.31 R4=20.82 MP=17.56 S1=17.36 MP=17.05 S2=16.74 MP=16.23 S3=15.72 MP=15.21 S4=14.70 O=17.13 H=18.15 L=17.13 C=17.99 UUP PP=23.02 MP=23.10 R1=23.17 MP=23.21 R2=23.24 MP=23.35 R3=23.46 MP=23.57 R4=23.68 MP=22.99 S1=22.95 MP=22.88 S2=22.80 MP=22.69 S3=22.58 MP=22.47 S4=22.36 O=22.89 H=23.1 L=22.88 C=23.09 FROM: www.econoday.comEconomic Events & Analysis - 12/08/2010 Wednesday7:00 AM ET MBA Purchase Applications 10:00 AM ET Quarterly Services Survey 10:30 AM ET EIA Petroleum Status Report 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.
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Post by deadmoney95 on Dec 8, 2010 9:33:43 GMT -5
Hi everyone.
Carl F:
December S&P E-mini Futures: Today's range estimate is 1221-1235. I think the short term trend is upward. Next upside target is 1250. The market is on its way to 1300 over the next few months.
Caldaro:
The gap up opening Tuesday morning took the SPX to its highest level since Sept 2008. The new uptrend high also eliminated the DOW alternate count, and the NDX came within 25 points (1%) of its 2007 high. After the SPX hit 1235 the market had its biggest pullback since the rally began a week ago tuesday: 12 points to 1223. For this uptrend, which began in July10, normal pullbacks have been between 10 and 18 points and the more significant pullbacks have been between 24 and 26 points. Support remains in the OEW 1222 pivot range, and any further drop to around the 1215 level would suggest the first wave up for Intermediate wave five has completed. Refer to the weekend medium/short term sections for further support/resistance details.
Today’s 51 tick drop in the Bond market follows the 44 tick decline on Nov 15th. This decline is the largest one day drop since the 48 tick decline in early Apr09, plus the 49 tick and 46 tick declines in early Jun09 – near that downtrend low. Best to your trading!
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Post by abdogman on Dec 8, 2010 9:33:50 GMT -5
xlf on 1m 15.19
* iyr and drn macd neg xlf fas macd +
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Post by abdogman on Dec 8, 2010 9:36:02 GMT -5
macd on iyr neg macd on 1m drn + macd + on fas xlf
iyr 55.55 drn 54.30 fas 24.65 xlf 15.25
all on 1m
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Post by abdogman on Dec 8, 2010 9:39:34 GMT -5
macd neg on drn now
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Post by abdogman on Dec 8, 2010 9:41:57 GMT -5
iyr 55.29 drn 53.55 fas 24.67 xlf 15.24
on 1m
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Post by abdogman on Dec 8, 2010 9:45:01 GMT -5
wierd action
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Post by abdogman on Dec 8, 2010 9:50:30 GMT -5
macd nearing 0/0 on 1m xlf fas iyr drn macd still neg but moving towared 0/0
iyr 55.19 drn 53.20 fas 24.71 xlf 15.258 on 1m
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Post by ccash04 on Dec 8, 2010 9:52:17 GMT -5
short X, glta
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Post by abdogman on Dec 8, 2010 9:54:18 GMT -5
macd neg last 2m's on 1m xlf fas BB's narrowing on 1m fas xlf
iyr 55.17 drn 53.15 fas 24.65 xlf 15.24
on 1m
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Post by abdogman on Dec 8, 2010 10:00:57 GMT -5
macd neg on 1m iyr drn fas xlf iyr 55.01 drn 52.67 fas 24.62 xlf 15.235
on 1m
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Post by abdogman on Dec 8, 2010 10:05:48 GMT -5
BB's spreading on 1m iyr drn fas xlf all are on the bottom band
iry 54.86 drn 52.15 fas 24.56 xlf 15.225
on 1m
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Post by abdogman on Dec 8, 2010 10:11:46 GMT -5
macd + on 1m iyr drn for last 2m's still neg on 1m fas xlf
iyr 54.86 drn 52.20 fas 24.55 xlf 15.22
on 1m
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Post by abdogman on Dec 8, 2010 10:16:00 GMT -5
macd + on 1m xlf fas now as well as iyr and drn
BB's stopped closing on all above
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Post by abdogman on Dec 8, 2010 10:19:02 GMT -5
eur/usd has been dropping since 1000est uup up .04 appx over same time frame
uup on 1m 23.16
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Post by abdogman on Dec 8, 2010 10:21:14 GMT -5
macd neg now on 1m fas xlf almost on 1m iyr drn
iyr 54.76 drn 51.92 fas 24.475 xlf 15.20 uup 23.15
on 1m
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Post by abdogman on Dec 8, 2010 10:30:44 GMT -5
macd still + on 1m iyr drn macd just now + on 1m fas xlf
iyr 54.71 drn 51.78 fas 24.49 xlf 15.21
on 1m
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Post by abdogman on Dec 8, 2010 10:33:30 GMT -5
1030est
Dept of Energy reports that:
* Crude oil inventories had a draw of 3819K (consensus is a draw of 1400K) * Gasoline inventories had a build of 3811K (consensus is a draw of 300K) * Distillate inventories had a build of 2154K (consensus is a draw of 900K) * The change in refinery utilization was 4.90% (consensus was +1.00%)
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Post by abdogman on Dec 8, 2010 10:37:24 GMT -5
UUP 23.17 on 1m
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Post by abdogman on Dec 8, 2010 10:37:56 GMT -5
macd neg fas xlf iyr
on 1m
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Post by abdogman on Dec 8, 2010 10:39:48 GMT -5
iyr macd on 1m waffling drn macd still +
iyr 54.64 drn 51.85 fas 24.40 xlf 15.185
on 1m
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Post by abdogman on Dec 8, 2010 10:47:55 GMT -5
macd + on 1m iyr drn fas xlf
iyr 54.64 drn 51.59 fas 24.48 xlf 15.21
on 1m
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Post by ask2lern on Dec 8, 2010 10:51:48 GMT -5
From twitter.....................just locking in profits? ............ DougKass Covering all my trading shorts when mr market ripped higher yesterday now 4 minutes ago via TweetDeck
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Post by abdogman on Dec 8, 2010 10:52:12 GMT -5
uup on 1m 23.185
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Post by abdogman on Dec 8, 2010 10:56:21 GMT -5
Bb's on 1m iyr drn spreading and they are on top band macd pos on 1m iyr drn fas xlf
iyr 54.80 drn 52.10 fas 24.53 xlf 15.22
on 1m
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