PPDT - PP-XLF = 14.49 - 9/28 Tuesday

[ask2lern]

Can someone please move to sticky section...................

Here are the pivots……….…hope everyone has a great day …………………GLTA


GOLD

R4 1317.73
midpoint 1314.18
R3 1310.63
midpoint 1307.08
R2 1303.53
Midpoint 1301.55
R1 1299.57
midpoint 1298.00

PP 1296.43

midpoint 1294.45
S1 1292.47
midpoint 1290.90
S2 1289.33
midpoint 1285.78
S3 1282.23
midpoint 1278.68
S4 1275.13

SILVER

R4 22.12
midpoint 22.01
R3 21.90
midpoint 21.79
R2 21.68
midpoint 21.63
R1 21.58
midpoint 21.52

PP 21.46

midpoint 21.41
S1 21.36
midpoint 21.30
S2 21.24
midpoint 21.13
S3 21.02
midpoint 20.91
S4 20.80

IMW

R3 68.13
R2 67.48
R1 67.15

PP 66.83

S1 66.50
S2 66.18
S3 65.53



TNA

R4 49.72
midpoint 49.06
R3 48.39
midpoint 47.73
R2 47.06
midpoint 46.73
R1 46.40
midpoint 46.07

PP 45.73

midpoint 45.40
S1 45.07
midpoint 44.74
S2 44.40
midpoint 43.74
S3 43.07
midpoint 42.41
S4 41.74

TZA

R4 29.20
Midpoint 28.81
R3 28.42
midpoint 28.03
R2 27.64
midpoint 27.45
R1 27.25
midpoint 27.06

PP 26.86

midpoint 26.67
S1 26.47
midpoint 26.28
S2 26.08
midpoint 25.69
S3 25.30
midpoint 24.91
S4 24.52

SDS

R3 30.28
R2 29.85
R1 29.69

PP 29.42

S1 29.26
S2 28.99
S3 28.56

………………………..GLTA

[ask2lern]

From www.optionmonster.com ...................................GL

Calm before the storm for indexes?
September 28, 2010 Tue 2:31 AM CT


There are no changes to levels from yesterday morning. The market action was too muted to have pushed indexes down very far, though the Nasdaq 100 did edge closer to support than did the others.

With end-of-quarter mark-ups likely, the bears may not push too hard unless economic or stock-specific news requires action. With earnings season beginning in earnest in just a week, the grace period the markets are enjoying is likely to be given quite a test.

Nasdaq 100 (NDX)

First support is at 2003.59. First resistance is at 2044.39.

For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $49.32. First resistance is at $50.29.

S&P 500 (SPX)

First support is at 1131.23. First resistance is at 1156.39.

For the Standard & Poor's Depository Receipts (SPY) first support is at $113.20. First resistance is at $115.89.

Russell 2000 (RUT)

First support is at 655.91. First resistance is at 677.15.

For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $65.39. First resistance is at $67.99.

By: Bryan McCormick

[ask2lern]

From www.optionmonster.com ..........................................GL

VXX draws bullish three-way spread
September 28, 2010 Tue 2:37 AM CT


The volume in the VXX topped 46,000 contracts yesterday as one bullish play stood out.

The iPath S&P 500 VIX Short-Term Futures (VXX) exchange-traded note continues to see strong volume, and the volume in its options is also increasing. More than 46,000 of the VXX contracts change hands yesterday, more than a third of the volume in the VIX options.

The largest trade was a three-way spread in January. A trader bought 2,960 January 17 calls for $2.20 and sold 2,960 of the January 15/12 call spread for $1, selling the 15s for $1.25 and buying the 12s for $0.25. The credit offsets 45 percent of the cost of the long calls.

The VXX finished the day at $16.75, up 0.72 percent from the record low close of Friday. The falling VIX and the significant structure issues that the VXX faces has dropped the price by more than 50 percent just since the end of May.

This three-way spread is a bullish bet on the VIX and will profit if the fund moves higher from here. That would come if the S&P 500 sells off, but not necessarily if it just grinds lower.

But if the SPX sells off here, I do expect it to be sharp. Even though the VXX already is pricing in a rise in volatility (because it is made up of the VIX futures, which trade with a premium over the spot VIX), the rise in the fund would very likely be bigger than the fall in the SPX, at least in percentage terms.

By: Chris McKhann

[ask2lern]

more from www.optionmonster.com .....................................GL

Consumer at center stage on calendar
September 28, 2010 Tue 2:22 AM CT


The economic calendar is short today, but there is a key report in form of consumer confidence data.

The ICSC-Goldman Store Sales report will be released at 7:45 a.m. ET. There are two parts to the report, the week-over-week and the year-over-year changes. Most traders focus on the year-over-year number because it is a better indicator of the longer-term trend.

The last week-over-week change came in at a loss of -1.4 percent. The year-over-year data in the previous report showed a gain of 3.3 percent. Stronger-than-expected positive numbers would be seen as bullish, while negative numbers would be bearish.

Redbook Store Sales will be reported at 8:55 a.m. ET. As with the ICSC-Goldman report, there are two components to watch. One is the more volatile month-over-month change, and the other is the year-over-year data, which shows the broader trend best.

The last month-over-month change showed a loss of -0.4 percent. The previous report's year-over-year data showed a gain of 2.2 percent. Negative numbers in either series would be bearish.

The S&P Case-Shiller Home Price Index will be released at 9 a.m. ET. On a year-over-year basis, prices are expected to rise by 3.1 percent. The expected range is very wide at a 2 percent gain at the low, which would be bearish, and 4.2 percent gain at the high, which would be bullish.

The Conference Board's Consumer Confidence Index will be reported at 10 a.m. ET. The expectation is for the September reading to drop to 52.5 from the previous 53.5. The estimated range is very wide at a bearish 48 at the low to a bullish 55 at the high.

By: Bryan McCormick

[abdogman]

Good Morning Gang.....Ask thx for the nmbrs and the info .....GLTA!!!

back for the open!!

[kryptos2009]

Here is the PP Daily Thread (PPDT) data.


XLF PP=14.49
MP=14.53 R1=14.57 MP=14.63 R2=14.68 MP=14.78 R3=14.87 MP=14.97 R4=15.06
MP=14.44 S1=14.38 MP=14.34 S2=14.30 MP=14.21 S3=14.11 MP=14.02 S4=13.92
O=14.61 H=14.61 L=14.42 C=14.45

FAS PP=23.00
MP=23.23 R1=23.46 MP=23.79 R2=24.11 MP=24.67 R3=25.22 MP=25.78 R4=26.33
MP=22.68 S1=22.35 MP=22.12 S2=21.89 MP=21.34 S3=20.78 MP=20.23 S4=19.67
O=23.55 H=23.65 L=22.54 C=22.81

FAZ PP=13.13
MP=13.27 R1=13.41 MP=13.49 R2=13.57 MP=13.79 R3=14.01 MP=14.23 R4=14.45
MP=13.05 S1=12.97 MP=12.83 S2=12.69 MP=12.47 S3=12.25 MP=12.03 S4=11.81
O=12.89 H=13.3 L=12.86 C=13.24

SPY PP=114.47
MP=114.63 R1=114.79 MP=115.05 R2=115.30 MP=115.72 R3=116.13 MP=116.55 R4=116.96
MP=114.22 S1=113.96 MP=113.80 S2=113.64 MP=113.23 S3=112.81 MP=112.40 S4=111.98
O=114.86 H=114.99 L=114.16 C=114.27

SPG PP=94.24
MP=94.55 R1=94.86 MP=95.37 R2=95.87 MP=96.69 R3=97.50 MP=98.32 R4=99.13
MP=93.74 S1=93.23 MP=92.92 S2=92.61 MP=91.80 S3=90.98 MP=90.17 S4=89.35
O=95.03 H=95.26 L=93.63 C=93.84

GS PP=146.74
MP=147.22 R1=147.69 MP=148.53 R2=149.37 MP=150.68 R3=152.00 MP=153.31 R4=154.63
MP=145.90 S1=145.06 MP=144.59 S2=144.11 MP=142.79 S3=141.48 MP=140.16 S4=138.85
O=147.01 H=148.41 L=145.78 C=146.02

JPM PP=39.25
MP=39.38 R1=39.50 MP=39.71 R2=39.91 MP=40.24 R3=40.57 MP=40.90 R4=41.23
MP=39.05 S1=38.84 MP=38.72 S2=38.59 MP=38.26 S3=37.93 MP=37.60 S4=37.27
O=39.54 H=39.67 L=39.01 C=39.08

MS PP=24.95
MP=25.03 R1=25.10 MP=25.22 R2=25.33 MP=25.52 R3=25.71 MP=25.90 R4=26.09
MP=24.84 S1=24.72 MP=24.65 S2=24.57 MP=24.38 S3=24.19 MP=24.00 S4=23.81
O=25.1 H=25.18 L=24.8 C=24.87

C PP=3.89
MP=3.90 R1=3.91 MP=3.93 R2=3.95 MP=3.98 R3=4.01 MP=4.04 R4=4.07
MP=3.87 S1=3.85 MP=3.84 S2=3.83 MP=3.80 S3=3.77 MP=3.74 S4=3.71
O=3.9 H=3.93 L=3.87 C=3.87

VIX PP=22.42
MP=22.65 R1=22.87 MP=23.04 R2=23.20 MP=23.59 R3=23.98 MP=24.37 R4=24.76
MP=22.26 S1=22.09 MP=21.87 S2=21.64 MP=21.25 S3=20.86 MP=20.47 S4=20.08
O=22.58 H=22.75 L=21.97 C=22.54

UUP PP=23.00
MP=23.02 R1=23.04 MP=23.06 R2=23.07 MP=23.11 R3=23.14 MP=23.18 R4=23.21
MP=22.99 S1=22.97 MP=22.95 S2=22.93 MP=22.90 S3=22.86 MP=22.83 S4=22.79
O=22.98 H=23.04 L=22.97 C=23

FROM: www.econoday.com

Economic Events & Analysis - 9/28/2010 Tuesday


7:45 AM ET ICSC-Goldman Store Sales

Released on 9/28/2010 7:45:00 AM For wk9/25, 2010
Prior Actual
Store Sales - W/W change -1.4 % 0.4 %
Store Sales - Y/Y 3.3 % 3.6 %


8:55 AM ET Redbook
9:00 AM ET S&P Case-Shiller HPI


10:00 AM ET Consumer Confidence

Released on 9/28/2010 10:00:00 AM For Sep, 2010
Prior Consensus Consensus Range
Consumer Confidence - Level 53.5 52.0 51.0 to 54.0

Market Consensus Before Announcement
The Conference Board's consumer confidence index rebounded to 53.5 in August from 51.0 in July. But it was still down almost 10 points from May. The jobs picture is what concerns consumers the most.

Consumers were slightly less pessimistic about future employment prospects. Those expecting more jobs in the months ahead increased to 14.6 percent from 14.2 percent. The proportion of consumers expecting an increase in their incomes held steady at 10.6 percent.


10:00 AM ET State Street Investor Confidence Index
11:30 AM ET 4-Week Bill Auction
1:00 PM ET 5-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.

[abdogman]

Thanks Kryptos !!!!

[deadmoney95]

Carl F:

December S&P E-mini Futures: Today's range estimate is 1137-1150. Next upside target is 1175. The ES will move above 1216 over the coming months.

[abdogman]

xlf 14.44 on 1m

[abdogman]

macd neg now on 1m xlf fas
Bb's narrowing on 1m xlf fas faz
xlf 14.42 on 1m

[ccash04]

algos have been going f'ing haywire in BIDU... sold calls and got out of dodge... same w/aapl.. scary stuff.

[abdogman]

xlf 14.395 on 1m
BB's starting to spread on 1m xlf fas faz

[abdogman]

xlf 14.38 on 1m

[abdogman]

dmacd back to pos on 1m xlf fas
xlf 14.41 on 1m
BB's narrowing slowly now

[deadmoney95]

Sept 28, 2010 8:33:22 GMT -5 deadmoney95 said:

Carl F:

December S&P E-mini Futures: Today's range estimate is 1137-1150. Next upside target is 1175. The ES will move above 1216 over the coming months.

Oops. Scratch that:

Carl Futia CarlFutia

$ES_F increasing volume on break - new range estimate is 1125-1140

[abdogman]

Kass........."My gnome is hearing that Tim Cook, Apple's CEO, is considering an offer to run Hewlett-Packard.

[abdogman]

1000edt

September Consumer Confidence 48.5 vs 53.0 Briefing.com consensus, August 53.2

[abdogman]

xlf 14.36 and dropping

[clearwaters]

Thanks for all the info, guys!

[abdogman]

xlf 14.34 on 1m

[abdogman]

xlf 14.32 on 1m

[abdogman]

macd back up to 0/0 on 1m xlf fas
BB's wide
xlf 14.34 on 1m

[deadmoney95]

More from Carl:

Update
from Carl Futia by Carl Futia
Here is a 60 minute bar chart showing 24 hour trading in the e-minis. I thought that today would be an up day, but sellers came in right from the open and volume was high relative to what has been seen during the past few sessions.

Still, as you can see from the trend channels drawn on this chart, there is no reason to think that this is anything other than a normal correction in an uptrend. A drop from the 1149.75 electronic high made Sunday night which matches last week's 26 point drop would end near 1123.50. This level is also a tad below the trend channel low I have drawn. It is also worth noting that the 1127 level is support coinciding with the levels of the late June and early August highs.

Once this drop is over I expect a move to 1175 and eventually much higher than that.

[abdogman]

xlf 14.35 on 1m
macd pos on 1m xlf fas

[abdogman]

BB's still narrowing on `1m xlf fas
and faz
xlf 14.34

[abdogman]

xlf 14.38 on 1m

[abdogman]

BB's spreading now on 1m xlf fas faz
xlf 14.40 on 1m and on top BB

[abdogman]

macd has returned to 0/0 on 1m xlf fas
BB's narrowing on 1m xlf fas faz
xlf 14.37 on 1m

[abdogman]

macd neg now on xlf fas 1m
xlf 14.35 on 1m

[cosmic]

Sept 28, 2010 8:52:54 GMT -5 abdogman said:

Kass........."My gnome is hearing that Tim Cook, Apple's CEO, is considering an offer to run Hewlett-Packard.

Who the heck is Tim Cook lol?

The cult of personality at AAPL is underwhelming, except for one.