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Post by kryptos2009 on Mar 5, 2010 7:48:21 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. FROM: www.allpivotpoints.comXLF PP=14.89 R1=14.98 R2=15.03 R3=15.12 S1=14.84 S2=14.75 S3=14.7 O=14.82 H=14.94 L=14.8 C=14.93 SPY PP=112.49 R1=112.95 R2=113.26 R3=113.72 S1=112.18 S2=111.72 S3=111.41 O=112.45 H=112.8 L=112.03 C=112.64 SPG PP=77.67 R1=77.93 R2=78.26 R3=78.52 S1=77.34 S2=77.08 S3=76.75 O=77.8 H=78 L=77.41 C=77.61 GS PP=161.857 R1=165.60 R2=167.59 R3=171.34 S1=159.86 S2=156.11 S3=154.12 O=158.25 H=163.85 L=158.11 C=163.61 JPM PP=41.88 R1=42.11 R2=42.3 R3=42.53 S1=41.69 S2=41.46 S3=41.27 O=41.91 H=42.08 L=41.66 C=41.92 MS PP=28.95 R1=29.52 R2=29.84 R3=30.41 S1=28.63 S2=28.06 S3=27.74 O=28.39 H=29.28 L=28.39 C=29.2 C PP=3.43 R1=3.47 R2=3.52 R3=3.56 S1=3.38 S2=3.34 S3=3.29 O=3.41 H=3.48 L=3.39 C=3.43 VIX PP=18.85 R1=19.13 R2=19.54 R3=19.82 S1=18.44 S2=18.16 S3=17.75 O=18.86 H=19.27 L=18.58 C=18.72 FROM: www.mypivots.comUUP PP=23.63 R1=23.71 R2=23.77 R3=23.91 S1=23.57 S2=23.49 S3=23.35 O=23.57 H=23.7 L=23.56 C=23.64 FAS PP=78.02 R1=79.22 R2=79.97 R3=81.92 S1=77.27 S2=76.07 S3=74.12 O=77.16 H=78.78 L=76.83 C=78.46 FAZ PP=16.98 R1=17.15 R2=17.43 R3=17.88 S1=16.7 S2=16.53 S3=16.08 O=17.17 H=17.26 L=16.81 C=16.87 FROM: www.econoday.comEconomic Events & Analysis - 3/5/2010 8:30 AM ET Employment Situation 3:00 PM ET Consumer Credit GLTA
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Post by ask2lern on Mar 5, 2010 7:50:50 GMT -5
Morning gang……………..Here are the Gold and Silver Pivots
GOLD
R4 1179.77 Mid point 1171.97 R3 1164.17 Mid point 1156.37 R2 1148.57 Mid point 1144.80 R1 1141.03 Mid point 1137.00
Pivot Point 1139.97
Mid point 1129.20 S1 1125.43 Mid point 1121.40 S2 1117.37 Mid point 1109.57 S3 1101.77 Mid point 1093.97 S4 1086.17
SILVER
R4 18.16 Mid point 18.00 R3 17.84 Mid point 17.68 R2 17.52 Mid point 17.43 R1 17.33 Mid point 17.27
Pivot Point 17.20
Mid point 17.11 S1 17.01 Mid point 16.95 S2 16.88 Mid point 16.72 S3 16.56 Mid point 16.40 S4 16.24 ……………………………GLTA
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apc905
Margin Account Trader
Posts: 23
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Post by apc905 on Mar 5, 2010 8:09:37 GMT -5
Thanks for the numbers, Kryptos. Good morning everybody and good luck! I have to go try and get some work done today.
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Post by kryptos2009 on Mar 5, 2010 8:11:08 GMT -5
mam.econoday.com/byshoweventfull.asp?fid=442380&cust=mam#topEmployment Situation Prior Consensus Consensus Range Nonfarm Payrolls - M/M change -20,000 -50,000 -150,000 to 30,000 Unemployment Rate - Level 9.7 % 9.8 % 9.6 % to 10.0 % Average Hourly Earnings - M/M change 0.2 % 0.2 % 0.1 % to 0.2 % Average Workweek - Level 33.9 hrs 33.6 hrs 33.2 hrs to 33.8 hrs Market Consensus Before AnnouncementNonfarm payroll employment in January fell a modest 20,000, following a 150,000 drop in December and gain of 64,000 for November. The January decline was led by a 60,000 drop in the goods-producing sector which included a 75,000 decrease in construction. The service providing sector rebounded 48,000 after dropping 69,000 in December. Wage inflation in January edged up to a 0.2 percent increase, following a 0.1 percent gain the month before. From the household survey, the unemployment rate declined to 9.7 percent from 10.0 percent in December. Based on a recent worsening in initial jobless claims, many analysts are expecting a larger dip in payroll jobs in February even though temporary hiring for the Census will add significantly. Severe snow storms are expected to dampen jobs also. Similarly, the unemployment rate is projected to rise also in part due to a technical rebound from January's atypically large decline.
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apc905
Margin Account Trader
Posts: 23
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Post by apc905 on Mar 5, 2010 8:11:24 GMT -5
Oh and I exalt you Kryptos for your hard work.
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Post by kryptos2009 on Mar 5, 2010 8:40:43 GMT -5
www.reuters.com/article/idUSTRE61F2RH20100305WASHINGTON Fri Mar 5, 2010 8:32am EST (Reuters) - U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate unchanged at 9.7 percent, according to a government report on Friday which said it was unclear how severe weather had impacted payrolls. Small Business The Labor Department said job losses for December and January had been revised to show 35,000 fewer jobs lost than previously reported.
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Post by abdogman on Mar 5, 2010 8:59:54 GMT -5
Good Morning Gang .....Kryptos thx .....ask2lern thx.....GLTA
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Post by deadmoney95 on Mar 5, 2010 9:21:35 GMT -5
Good morning, everyone.
Carl F is still long and bullish. From his site:
Today's range estimate is 1126-1140. The employment number came in pretty much as expected and as I write this the market is trading about 7 points higher than yesterday's pit close. I expect the market to reach 1200 over the next three months.
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Post by merrillstanley on Mar 5, 2010 9:32:41 GMT -5
Good Morning, Here is your Merrill Morning Minute: FAS bias this morning, but remaining cautious as we inch toward technical levels Markets are in a confirmed uptrend; do note again that tute participation ratings are stuck in “E” Mixed volume on NASD/NYSE…a cause for concern…I may have gotten into VXX a ¼ to ½ point early, but I think we’re poised for a sell off soon….yes I am contradicting myself here but certain positions are intra/1/2/3 day plays Tute participation ratings still stuck on “E” Read that China’s markets have had sustained distribution days and wondering if it’ll bring about an impact here shortly; add’l in China credit cards have gained strong popularity, play the big banks who’ll benefit from their investments there Leaders in the markets are not as compelling as one would like… Retailers have been fantastic recently, but wondering if their run is over Monies have flowed into the Auto industry A couple thinly traded medical plays to considering adding to your investment portfolio or watch list GIVN, DIN Noticed that the NYSE short interest is nearing July highs….the VXX play will pay dividends soon GLTA
Ps The guy on CNBC nailed it when he stated the markets will probably see some reason to sell off on the consumer credit numbers
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Post by merrillstanley on Mar 5, 2010 9:38:07 GMT -5
Stock futures are off of their morning highs, but they still point to a strong start for the session. The positive mood among premarket participants has been supported by a smaller-than-expected decline in February nonfarm payrolls. There had been plenty of concern that the tally would be distorted by inclement weather, but a note from the Bureau of Labor Statistics (BLS) indicated that weather might not have been as large a factor as some had suggested. The jobs report has been the primary focus of participants this morning, especially in the absence of any meaningful corporate headlines. But while the report has been a source of strength ahead of the opening bell, participants ought to remain cognizant of the efforts of profit takers, especially since stocks may have already priced in the news. After all, the S&P 500 has already advanced for five straight sessions (including a fractional gain this past Wednesday) and looks like it will open the session at a one-month high.
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Post by merrillstanley on Mar 5, 2010 9:39:58 GMT -5
Southwest Air reports February traffic (LUV) 12.60 : The co announces its systemwide traffic statistics for the month of February. RPMS fell 2.3%, ASMS fell 8.7% to 6.8 bln, LF was up 4.8 points.
As the dollar index rallies, gold and silver are selling off (COMDX) : Gold is now lower by $3.90 to $1129.20; silver is up 0.4 cents to $17.18
European Markets : FTSE...5561.36...+34.30...+0.60%. DAX...5825.53...+30.40...+0.50%.
Asian Markets : Nikkei...10368.96...+223.20...+2.20%. Hang Seng...20787.97...+212.20...+1.00%.
Chesapeake Utilities beats by $0.08, beats on revenue (CPK) 30.88 : Reports Q4 (Dec) earnings of $0.73, excludes items, $0.08 better than the $0.65 First Call consensus; revenue increased 26.65% year/year to $91.72 mln vs $83.36 mln consensus. The increased results were achieved from additional margins generated by the natural gas transmission operations from service expansions, increased spot sales by the natural gas marketing operation, and the absence of propane inventory and swap valuation adjustments.
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Post by elle on Mar 5, 2010 9:42:38 GMT -5
Mornin gang, lazy here, just listening to pm in bed. Finally have my coffee. As expected didn't quite tag 1130, keep everyone guessing and as usual the pm takes the steam out of the market.
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Post by triggerhappy on Mar 5, 2010 9:45:07 GMT -5
TICK +600
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Post by triggerhappy on Mar 5, 2010 9:48:45 GMT -5
TICK +813
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Post by abdogman on Mar 5, 2010 9:49:13 GMT -5
XLF just went thru R2
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Post by elle on Mar 5, 2010 9:49:24 GMT -5
Yes, 1130, okay where from here. Btw, when I was listening to Phil, he never traded the first 10 mins
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Post by abdogman on Mar 5, 2010 9:53:00 GMT -5
xlf now dropped thru what became support
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Post by ask2lern on Mar 5, 2010 9:55:02 GMT -5
Mornin gang, lazy here, just listening to pm in bed. Finally have my coffee. As expected didn't quite tag 1130, keep everyone guessing and as usual the pm takes the steam out of the market. Nice call Elle.....Exalt for you!
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Post by deadmoney95 on Mar 5, 2010 9:55:53 GMT -5
Carl F long a second unit at 1126.50 at 9:41am.
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Post by elle on Mar 5, 2010 9:56:13 GMT -5
I had 113.22 as R3, so have to go back to the drawing board unless it doesn't hold on backtest. Blue circle 113.70/80 Another unfilled gap makes it like 16 waiting below.
Held my TSO short since scalp didn't work and small position. Decided instead to add big at resistance (3.43)
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Post by abdogman on Mar 5, 2010 9:56:35 GMT -5
thx D Money
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Post by elle on Mar 5, 2010 9:58:45 GMT -5
thanks for watching that, Dog, helps to have all the input
IWM still making new highs, I'll watch that for us
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Post by merrillstanley on Mar 5, 2010 10:01:53 GMT -5
Stocks started the session on a strong note, but have eased back a bit as the gap up by the S&P 500 runs into resistance at the 1130 line. Nonetheless, gains remain broad-based with energy stocks and materials stocks providing leadership.
After lagging in the previous session, energy stocks are up 0.9% at the moment. The sector has been helped by a rally in oil prices, which were last quoted 1.7% higher at $81.60 per barrel.
Meanwhile, the materials sector has made its way to a 0.8% gain amid strength in steel stocks, which are up a collective 2.1%. DJ30 +49.43 NASDAQ +11.60 SP500 +5.96 NASDAQ Adv/Vol/Dec 1413/159 mln/762 NYSE Adv/Vol/Dec 2019/76 mln/633
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Post by deadmoney95 on Mar 5, 2010 10:02:29 GMT -5
ITMS (like BOBO) is also focusing on XLF:
The XLF is a leading financial ETF. The XLF is rallying with the market this morning. However, watch the 15.05-15.10 intraday resistance level.
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Post by abdogman on Mar 5, 2010 10:02:33 GMT -5
thx elle xlf has had a couuple of 700 to 800k share surges but keeps bouncing off
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Post by elle on Mar 5, 2010 10:03:55 GMT -5
Are u guys in the ITMS chatroom?
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Post by abdogman on Mar 5, 2010 10:05:06 GMT -5
i am not in itms
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Post by deadmoney95 on Mar 5, 2010 10:06:09 GMT -5
No ITMS chatroom for me. Just research center and the free blog.
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Post by ask2lern on Mar 5, 2010 10:08:17 GMT -5
No itms either............been going to look but not yet..........GL
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Post by abdogman on Mar 5, 2010 10:11:02 GMT -5
MACD ON XLF JUST WENT POS AND we are thru R2 of 15.03
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