PP-XLF = 14.7 - 3/02 Tuesday

[kryptos2009]

Good Morning FAStopians!!!

Welcome to the Daily PP Thread. I've had my coffee so let's get things rolling....

FROM: www.allpivotpoints.com

XLF PP=14.7
R1=14.77 R2=14.83 R3=14.90
S1=14.64 S2=14.57 S3=14.51
O=14.73 H=14.76 L=14.63 C=14.72

SPY PP=111.68
R1=112.2 R2=112.51 R3=113.03
S1=111.37 S2=110.85 S3=110.54
O=111.2 H=112 L=111.17 C=111.89

SPG PP=78.50
R1=78.98 R2=79.57 R3=80.05
S1=77.91 S2=77.43 S3=76.84
O=78.9 H=79.09 L=78.02 C=78.40

GS PP=157
R1=157.83 R2=159.12 R3=159.95
S1=155.71 S2=154.88 S3=153.59
O=156.51 H=158.29 L=156.17 C=156.54

JPM PP=41.80
R1=42.2 R2=42.57 R3=42.97
S1=41.43 S2=41.03 S3=40.66
O=42.03 H=42.18 L=41.41 C=41.83

MS PP=28.31
R1=28.51 R2=28.84 R3=29.04
S1=27.98 S2=27.78 S3=27.45
O=28.3 H=28.64 L=28.11 C=28.19

C PP=3.39
R1=3.44 R2=3.49 R3=3.54
S1=3.34 S2=3.29 S3=3.24
O=3.42 H=3.44 L=3.34 C=3.39

VIX PP=19.46
R1=19.74 R2=20.22 R3=20.5
S1=18.98 S2=18.7 S3=18.22
O=19.93 H=19.94 L=19.18 C=19.26

FROM: www.mypivots.com

UUP PP=23.77
R1=23.84 R2=23.96 R3=24.15
S1=23.65 S2=23.58 S3=23.39
O=23.79 H=23.89 L=23.7 C=23.72

FAS PP=75.77
R1=76.54 R2=77.27 R3=78.77
S1=75.04 S2=74.27 S3=72.77
O=75.89 H=76.5 L=75 C=75.81

FAZ PP=17.5
R1=17.67 R2=17.85 R3=18.2
S1=17.32 S2=17.15 S3=16.8
O=17.48 H=17.69 L=17.34 C=17.48

FROM: www.nasdaq.com

Economic Events & Analysis - 3/2/2010
Motor Vehicle Sales
7:45 AM ET ICSC-Goldman Store Sales
8:55 AM ET Redbook
9:00 AM ET Bank of Canada Announcement
11:30 AM ET 4-Week Bill Auction

[kryptos2009]

FROM: www.nasdaq.com/asp/econodayframe.asp?page=http://anasdaq.econoday.com/byshoweventfull.asp?fid=441464&cust=nasdaq&year=2010

Motor Vehicle Sales
Released on 3/2/2010 For Feb, 2010
Prior Consensus Consensus Range
Domestic Vehicle Sales 7.9 M 7.9 M 7.4 M to 8.3 M

Market Consensus Before Announcement
Sales of domestic light motor vehicles in January fell to an adjusted annual unit rate of 7.9 million, a sizable decline from December's rate of 8.4 million. Lost sales at Toyota, the result of the company's paralyzing gas-pedal recall, were not fully made up by sales at other manufacturers. The rate of decline at Toyota was the deepest of any maker, at an unadjusted month-to-month minus 45 percent for cars and minus 47 percent for trucks. Total sales for domestics and imports slipped to 10.8 million units annualized from 11.2 million units in December – a 4.2 percent decline for the latest month. Sales in February also are likely to be soft, reflecting the expanded travails of Toyota.

[jack]

Exalt to Mr Kryp for all the homework! Thanks

[kryptos2009]

Thank you, Jack

[abdogman]

Kryp Good Morning and thx it just keeps gettin' better
Jack Good Morning and GLTA "short the dips and buy the rips"

[lookingherethere]

Good Morning,

Thanks for the numbers and the report!

[kryptos2009]

Pre-Market

FROM: www.cnbc.com/id/17689937

XLF = 14.74
FAS = 76.25
FAZ = 17.40

DOW (mini)
FUTURES +44.00
FUTURES FAIR VALUE (4.79) +39.21

[lookingherethere]

ICSC-Goldman Store Sales
Released on 3/2/2010 7:45:00 AM For wk2/27, 2010
Prior Actual
Store Sales - W/W change 2.3 % -0.8 %
Store Sales - Y/Y 0.9 % 0.7 %


Highlights
Snow hurt the Northeast but not enough to bury chain-stores in February. ICSC-Goldman's same-store sales index fell 0.9 percent in the Feb. 27 week with the year-on-year rate edging 2 tenths lower to plus 0.7 percent. Stressing that February is a thin month to begin with, the report warns against reading too much into the results. Despite the week's decline, the report is calling for a healthy plus 2.0 percent year-on-year outcome for February. At 8:55, Redbook will offer its year-on-year reading as well as a month-on-month estimate

[ukarlewitz]

Morning all

Oscar - No ES recommendation but we know he is bullish. Buy NQ 1830 with target in the 1860s.

Carl - 1113-1128 today. Wec losed at 1114 and are currently at 1121.

Cobra - 3/6 is a cycle date for a turn. Yesterday's spike in NQ vol relative to Nyse vol is bearish (shows excessive bullishness and risk taking) - markets normally peak on those spikes.

IT - R at 112.5, 112.3 and 112 (all exceeded this morning). If the gap holds, there is not much resistance to the year highs. Markets look peaked - SPG has led and it has stalled the past few days.

gl

[triggerhappy]

Good morning all! Thank you!

[lookingherethere]

Redbook
Released on 3/2/2010 8:55:00 AM For wk2/27, 2010
Prior Actual
Store Sales Y/Y change 1.9 % 1.5 %


Highlights
The Northeast snow storm held back chain-store sales in the Feb. 27 week but not by very much, according to Redbook's tally that shows a plus 1.5 percent year-on-year pace, down 4 tenths from the prior week. Month-on-month, Redbook pegs sales at plus 1.6 percent in what is a very strong indication for Commerce's ex-auto ex-gas reading. The report said spring apparel is moving at full price, confirming other indications of retail pricing power. Auto manufacturers will be reporting February unit sales through the afternoon.

[jack]

Morning Uk...did I have the "positive divergence" right on my feedback last nite:

" Thanks Uk...so in the context of that chart "divergence" (meaning a separating or branching off, or not convergent, or deviating) as you use it is meant between 1) the Vix's pps which is on a downward slope vs. 2) the MACD's and the CCI's which is on an upwards one. If that's what you mean I get that now."

Thanks

[lookingherethere]

9AM

DJIA INDEX 48.00
S&P 500 6.10
NASDAQ 100 9.75

[merrillstanley]

Good Morning,
Here is your Merrill Morning Minute:
FAS bias this morning, but I am being extremely cautious and quick to capture gains. There is no significant confirmation of tute participation; in the back of my head this is a retail rally which will allow tute shorting to occur once technical R levels have been met….why would the tutes join in now having missed out on an 8% gain from the latest low?
Hold on one minute, the dead horse I’ve been beating…giving it the day off…but keeping my eye on it
Indices barely cross 50 dma across the indices
Tute participation ratings still stuck on “E”
IBD just switched to “Market in confirmed uptrend”….but huge signs of caution
Continuing to look for leaders who are coming out of bases…PCLN, DV, VIT
EU shorting appears again, Mikey can probably go into greater detail
Keep your eye on R and S levels; you never know when these fickle markets will change on a dime
GLTA

ps. told ya'll he was picking Vienna...

[ukarlewitz]

My Vxx order did not fill last night; dodged a bullet on that one.

Who thinks we gap and fill?

[merrillstanley]

krypt another randon exalt for you...uk ur, next, then jack,, mikey...dog...elle,,,LH

[ukarlewitz]

SDS - 33.90. At Spy 112.50. ITms also filled second 1/3 of SDS at same price.

[lookingherethere]

Mar 2, 2010 9:29:25 GMT -5 merrillstanley said:

krypt another randon exalt for you...uk ur, next, then jack,, mikey...dog...elle,,,LH

thanks for keeping me on the short list.. ;D

[ukarlewitz]

EEM approaching a bit of R here: 40.20 is the 50dma. There's also a gap from Jan and low pivot from Dec.

[jack]

Mar 2, 2010 9:29:25 GMT -5 merrillstanley said:

krypt another randon exalt for you...uk ur, next, then jack,, mikey...dog...elle,,,LH

Merrill,

You like "Sherman's Lagoon" too? LOL!!!

[merrillstanley]

HA

[merrillstanley]

Stock futures continue to point to a higher start for the major equity averages as morning participants look to extend modestly the prior session's advance, which took stocks to fresh one-month highs and put the major indices back above their respective 50-day moving averages. Though the move in itself was impressive, the S&P 500 encountered resistance when it attempted to turn positive for the year. Also, in a suggestion that many were unsure whether to participate, trading volume was light. Such may be the case again today since there have only been a few morning headlines, including a flat dollar, solid gains in Europe amid a rate hike by Australia, and another small dose of M&A news with an updated offer by CF Industries (CF) for Terra Industries (TRA). However, participants are more likely to be compelled into action with the deluge of economic data that is on tap for later this week.

[kryptos2009]

Sold 20 FPM Mar 20 2010 80.0 Calls @ 2.30 (+16.46%) $650 profit

Buy order in for:
20 FEW Mar 20 2010 18.0 Call @ .65

[kryptos2009]

Mar 2, 2010 9:52:48 GMT -5 kryptos2009 said:

Buy order in for:
20 FEW Mar 20 2010 18.0 Call @ .65

Buy order filled.

[ask2lern]

Dont know if you read the reg posts durring session: PALM is moving up.......here are the pivots on it today


PP's

R3 6.34
R2 6.21
R1 6.07

PP 5.94

S1 5.67
S2 5.67
S3 5.53


.........GLTA

[abdogman]

Ask thx man on palm

[merrillstanley]

.
10:00 am : Stocks continue to stand on solid footing. As such, this morning's gains remain broad based, though relatively modest.

Basic materials plays have put together some of the best gains this morning. Steel stocks (+1.2%) have led the materials sector to a collective gain of 0.9%. That comes after the sector had already advanced 1.6% in the prior session.

Financials aren't far behind. At the moment, the sector is up 0.7% with help from diversified banks (+1.4%).

Early movers: Trading up -- HVT +18.7%, MDTH +15.7%, SQNM +13.7%, TRA +12.6%, QCOR +12.5%, BPI +12.5%, JADE +8.8%, CTB +7.6%, ATML +6.9%; Trading down -- NUHC -27.3%, CXDC -17%, WAVX -13.5%, NTRI -13.4%, PUK -10.2%, CNAM -8.3%, SPLS -7.3%, LTXC -6.8%DJ30 +34.69 NASDAQ +10.73 SP500 +4.97 NASDAQ Adv/Vol/Dec 1451/411 mln/844 NYSE Adv/Vol/Dec 1972/139 mln/750

[merrillstanley]

The US Dollar Index recently moved back into positive territory to 80.838, but is off this morning's high of 81.291. This is causing the energy market to slightly pull back off of recently hit highs, while precious metals are holding their gains.

March crude oil pushed into positive territory earlier this morning on weakness in the dollar and hit session highs of $79.88 per barrel near the top of the hour. Currently, crude is just off those highs and is trading 1.2% higher at $79.66 per barrel. March natural gas has been in positive territory for most of the day, hitting its own session highs of $4.744 per MMBtu almost an hour ago. However, the energy component quickly gave those gains back as it fell sharply back into negative territory in recent trade. Currently natural gas is down $0.004 at $4.675 per MMBtu.

Precious metals also benefitted from the dollar's weakness, hitting recent morning highs. April gold touched $1128.80 per ounce and May silver hit $16.80 per ounce. Currently, Gold is 0.8% higher at $1127.00 per ounce, while silver is 1.5% higher at $16.73 per ounce. DJ30 +21.01 NASDAQ +8.16 SP500 +3.29 NASDAQ Adv/Vol/Dec 1454/631.6 mln/920 NYSE Adv/Vol/Dec 1915/197.7 mln/894

[ukarlewitz]

nyse A/D 3:1 (both issues and vol); Nas less than 2:1. Both strong. With the gap to the hod, tick has been range bound with no big H/L ticks. 112.5 is a big R and this is attempt three to get through.

DDSS threatening to put a second day of gains on the board. IT saying that a bottom is probably in.

Echoing comment from last night on SPG - it ha led the market and has stalled in the past week and failed at the prior two days' highs. Watch it for leadership.

[Mikey]

Short AKS $22.79

Morning all!!

AAPL just broke!