PPDT - PP-XLF = 14.73 - 10/07 Thursday

[ask2lern]

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


GOLD

R4 1373.77
midpoint 1369.37
R3 1364.97
midpoint 1360.57
R2 1356.17
Midpoint 1354.65
R1 1353.13
midpoint 1350.25

PP 1347.37

midpoint 1345.85
S1 1344.33
midpoint 1341.45
S2 1338.57
midpoint 1334.17
S3 1329.77
midpoint 1325.37
S4 1320.97

SILVER

R4 24.46
midpoint 24.23
R3 23.99
midpoint 23.76
R2 23.52
midpoint 23.45
R1 23.37
midpoint 23.21

PP 23.05

midpoint 22.98
S1 22.90
midpoint 22.74
S2 22.58
midpoint 22.35
S3 22.11
midpoint 21.88
S4 21.64

IMW

R3 70.31
R2 69.47
R1 69.04

PP 68.63

S1 68.20
S2 67.79
S3 66.95



TNA

R4 54.60
midpoint 53.72
R3 52.85
midpoint 51.97
R2 51.10
midpoint 50.65
R1 50.20
midpoint 49.78

PP 49.35

midpoint 48.90
S1 48.45
midpoint 48.03
S2 47.60
midpoint 46.72
S3 45.85
midpoint 44.97
S4 44.10

TZA

R4 27.16
Midpoint 26.73
R3 26.30
midpoint 25.87
R2 25.44
midpoint 25.24
R1 25.03
midpoint 24.81

PP 24.58

midpoint 24.38
S1 24.17
midpoint 23.95
S2 23.72
midpoint 23.29
S3 22.86
midpoint 22.43
S4 22.00

SDS

R3 29.74
R2 29.98
R1 28.77

PP 28.60

S1 28.39
S2 28.22
S3 27.84

………………………..GLTA

[ask2lern]

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

Late surge keeps levels unchanged
October 7, 2010 Thu 12:03 AM CT


A last-minute rally attempt yesterday lifted the indexes off their lows into the close. As a result, levels did not change.

With a number of key economic data points due out in the pre-market, this lull may not last long.

Nasdaq 100 (NDX)

First support is at 2001.58, the 10-day moving average. First resistance is at 2040.58.

For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $49.12. First resistance is at $50.21.

S&P 500 (SPX)

First support is at 1156.39. First resistance is at 1170.48.

For the Standard & Poor's Depository Receipts (SPY) first support is at $115.89. First resistance is at $117.36.

Russell 2000 (RUT)

First support is at 666.01, the 10-day moving average. First resistance is at 689.89.

For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $66.60. First resistance is at $69.06.



By: Bryan McCormick

[ask2lern]

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

Puts bet volatility will keep dropping
October 7, 2010 Thu 12:05 AM CT


Option traders are looking for volatility to continue falling, as evidenced by trading across indexes and volatility products yesterday.

Put selling dominated the action in the major indexes, with contracts sold at the bid making up a third of the volume in the SPDR S&P 500 (SPY) exchange-traded fund, as well as in Nasdaq 100 Index Tracking Stock (QQQQ), the Select Sector Financial SPDR (XLF), and the iShares Trust Russell 2000 Index (IWM) funds.

On the other side of the equation--but in basically the same bet--put buying made up roughly 25 percent of the action in the VIX options and iPath Short-Term VIX Futures (VXX) exchange-traded note

The biggest trade in the VXX was a synthetic short position. A trader bought 15,000 of the March 19 puts for $4.80 and sold the same number of the calls for $2. This is the equivalent of a short position at $16.20, which marked the new low for the VXX, with the fund closing slightly higher at $16.24, down 1.2 percent on the day.

Index put selling combined with VIX and VXX put buying is an indication that traders believe that volatility will continue to fall. The spot volatility index finished the day at 21.49, its third-lowest close since April.

The October VIX futures finished at 23.25, down 1.7 percent, and November futures were down 1.1 percent to 26.75. The VXX is made up of these two front-month futures with a daily roll.

By: Chris McKhann

[abdogman]

Ask, I hope your still on the mend and Thx for the nmbrs and info !!!

Good Morning Gang!! GLTA! back for the open>

[abdogman]

0830 releases Briefing .com

Weekly Initial Jobless Claims 445K vs. 455K Briefing.com consensus; prior revised to 456K from 453K

Continuing Claims 4.462 mln vs. 4.450 mln Briefing.com consensus; prior revised to 4.510 mln from 4.457 mln

[Rich]

Looks mixed, AB. Nice work, as usual

[essayons]

5 year chart of jobless claims.

www.bullandbearwise.com/InitialJoblessChart.asp

[brosin]

Thanks ask

from Brian Shannon
www.alphatrends.net/

[brosin]

Caldaro
caldaroew.spaces.live.com/

Overnight all the Asian markets were higher. Europe opened higher and closed +0.85%. US index futures were higher overnight, and at 8:15 the ADP reported an increase in job losses: -35K v -10K. Index futures then pulled back and the market opened about unchanged at SPX 1160. It had closed at SPX 1161 yesterday. The market then traded in a narrow 4 point range, (SPX 1158-1162), until 1:00, but Techs were weaker. After 1:00 the SPX dropped to 1155, the low for the day. In the afternoon the market worked its way back to the opening level of SPX 1160 just before the close, and closed the day there.

For the day the SPX/DOW were mixed, and the NDX/NAZ were -0.85%. Bonds gained 15 ticks, Crude added 40 cents, Gold rose $9.00, and the USD was lower. Support for the SPX remains at 1146 and then 1136, with resistance at 1168 and then 1176. Short term momentum backed off from an extremely overbought condition to around neutral. Tomorrow, weekly Jobless claims at 8:30 and then Consumer credit at 3:00.

The market opened flat today after yesterday's big rally. Mostly directionless movement today as the market consolidated. The extreme overbought condition at yesterday's highs is now yesterday's news as short term momentum has dropped below neutral. Since this market had a difficult time breaking through the SPX 1150 level, it would make sense that this would now be support. This is close to the OEW 1146 pivot, so we'll count that as support. The short term OEW charts remain positive. Remember, the Payrolls report is on friday.

[brosin]

Cobra
cobrasmarketview.blogspot.com/

The bottom line, the short-term trend is up and I hold partial long position overnight, not sure if it’s safe though.

One trick for tomorrow, when both VIX and SPX closed in red 29 out of 40 times (73%) a green day the next day.

SHORT-TERM: SPX MINI PRICE TARGET 1173, PIVOT DATE AROUND 10/11

As mentioned in yesterday’s report, as long as the market didn’t drop huge today, I’d consider the breakout yesterday as valid. So today’s market action should confirm a bullish short-term, which according to yesterday’s report, if repeats what happened in April this year, then probably there’re 16 trading days upswing (doesn’t mean up 16 days in a row) ahead. Tomorrow should be another chance to confirm the validity of the breakout, as it must be an up day, otherwise according to the chart below, 2 consecutive red days after a Major Accumulation Day was a bad sign.

lh4.ggpht.com/_APmrYvpA45s/TK0p24jj6EI/AAAAAAAAIy0/ivgR-8xASo0/s1600-h/MADWatch%5B2%5D.png

I don’t see anything worth blah blah today, so in order to always have something to draw you guys to my blog, I’d like to make a speculation about the next price and time target below, for fun only of course. Personally, I never trade purely based on the price and time speculation.

SPX mini price target should be above 1173.

I discussed “INDU Leads Market” long time ago HERE which according to my most recent observation should still work now. See chart below, INDU has already broken above its 05/13 high so if it still leads then this should imply that SPX will eventually breakout above its 05/13 high at 1173.

lh6.ggpht.com/_APmrYvpA45s/TK0p3v7-9KI/AAAAAAAAIy8/Es4SW2HFl6c/s1600-h/INDULeadsMarket%5B2%5D.png

The next pivot date ranges from 10/05 to 10/11.

The chart below illustrates various reasons why the next pivot date could range from 10/05 to 10/11. I’m not sure if among those pivot dates, there exists the top or a top or nothing at all. I just feel that they’re very important information that I should let you aware. By the way, a reader asked why I should bother to analysis pivot date. Well, a pivot date is similar to a resistance, that it can be seen as a resistance in terms of time, so like a resistance, it might or might not work but never have I heard that anybody saying because resistance sometimes doesn’t work so it’s useless to analysis resistance, well, so does the pivot date or more precisely the time resistance analysis.

1. Multiple Gann Day confluence on 10/05, 10/06, 10/10 and 10/11.
2. Statistically, trend is more likely to change on day 6 and 11 of each month since 2000.
3. The next 39 trading day (or 56 calendar day) cycle is due on 10/11.
4. A = C in terms of trading days was due on 10/05.
5. New Moon is on 10/07.
6. Solar Term date is on 10/08.
7. SPX hit all time high on 10/11/2007.

lh4.ggpht.com/_APmrYvpA45s/TK0p4yIbyPI/AAAAAAAAIzE/RJEs7XpEk8M/s1600-h/PriceAndTimeAnalysis%5B2%5D.png

Besides all the reasons mentioned above, the last but not the least reason is that Non Farm Payroll is on 10/08. The chart below clearly shows the market is more likely to turn around Non Farm Payroll day especially if the day was a red day.

lh6.ggpht.com/_APmrYvpA45s/TK0p56q1PcI/AAAAAAAAIzM/rf0n80WPWyI/s1600-h/NFPWatch%5B2%5D.png

[abdogman]

Oct 7, 2010 7:37:41 GMT -5 Rich said:

Looks mixed, AB. Nice work, as usual

Rich, thx i was out with the dogs till now!!!GLT-YOU

[abdogman]

xlf 14.81 on 1m

[abdogman]

macd just neg on 1m xlf fas
BB's wide on 1m xlf fas faz
xlf 14.80 on 1m

[abdogman]

BB's narrowing slowly now on 1m xlf fas faz
xlf 14.81 on 1m

[abdogman]

xlf 14.775 on 1m

[kryptos2009]

Here is the PP Daily Thread (PPDT) data.


XLF PP=14.73
MP=14.76 R1=14.79 MP=14.83 R2=14.86 MP=14.93 R3=14.99 MP=15.06 R4=15.12
MP=14.70 S1=14.66 MP=14.63 S2=14.60 MP=14.54 S3=14.47 MP=14.41 S4=14.34
O=14.76 H=14.8 L=14.67 C=14.72

FAS PP=22.73
MP=22.84 R1=22.94 MP=23.07 R2=23.20 MP=23.43 R3=23.67 MP=23.90 R4=24.14
MP=22.60 S1=22.47 MP=22.37 S2=22.26 MP=22.02 S3=21.79 MP=21.55 S4=21.32
O=22.76 H=22.98 L=22.51 C=22.69

FAZ PP=12.49
MP=12.56 R1=12.62 MP=12.68 R2=12.74 MP=12.87 R3=12.99 MP=13.12 R4=13.24
MP=12.43 S1=12.37 MP=12.31 S2=12.24 MP=12.12 S3=11.99 MP=11.87 S4=11.74
O=12.48 H=12.61 L=12.36 C=12.5

SPY PP=115.97
MP=116.18 R1=116.39 MP=116.57 R2=116.74 MP=117.13 R3=117.51 MP=117.90 R4=118.28
MP=115.80 S1=115.62 MP=115.41 S2=115.20 MP=114.82 S3=114.43 MP=114.05 S4=113.66
O=116.02 H=116.33 L=115.56 C=116.03

SPG PP=95.29
MP=95.58 R1=95.86 MP=96.07 R2=96.27 MP=96.76 R3=97.25 MP=97.74 R4=98.23
MP=95.09 S1=94.88 MP=94.60 S2=94.31 MP=93.82 S3=93.33 MP=92.84 S4=92.35
O=95.11 H=95.69 L=94.71 C=95.46

GS PP=150.77
MP=151.59 R1=152.40 MP=153.19 R2=153.97 MP=155.57 R3=157.17 MP=158.77 R4=160.37
MP=149.99 S1=149.20 MP=148.39 S2=147.57 MP=145.97 S3=144.37 MP=142.77 S4=141.17
O=149.75 H=152.33 L=149.13 C=150.84

JPM PP=39.80
MP=39.99 R1=40.17 MP=40.31 R2=40.45 MP=40.77 R3=41.10 MP=41.42 R4=41.75
MP=39.66 S1=39.52 MP=39.34 S2=39.15 MP=38.82 S3=38.50 MP=38.17 S4=37.85
O=39.56 H=40.07 L=39.42 C=39.9

MS PP=25.50
MP=25.62 R1=25.73 MP=25.90 R2=26.07 MP=26.36 R3=26.64 MP=26.93 R4=27.21
MP=25.33 S1=25.16 MP=25.05 S2=24.93 MP=24.65 S3=24.36 MP=24.08 S4=23.79
O=25.51 H=25.85 L=25.28 C=25.38

C PP=4.11
MP=4.13 R1=4.15 MP=4.17 R2=4.19 MP=4.23 R3=4.27 MP=4.31 R4=4.35
MP=4.09 S1=4.07 MP=4.05 S2=4.03 MP=3.99 S3=3.95 MP=3.91 S4=3.87
O=4.14 H=4.16 L=4.08 C=4.1

VIX PP=21.69
MP=21.81 R1=21.93 MP=22.15 R2=22.36 MP=22.70 R3=23.03 MP=23.37 R4=23.70
MP=21.48 S1=21.26 MP=21.14 S2=21.02 MP=20.69 S3=20.35 MP=20.02 S4=19.68
O=21.82 H=22.13 L=21.46 C=21.49

UUP PP=22.47
MP=22.50 R1=22.52 MP=22.56 R2=22.59 MP=22.65 R3=22.71 MP=22.77 R4=22.83
MP=22.44 S1=22.40 MP=22.38 S2=22.35 MP=22.29 S3=22.23 MP=22.17 S4=22.11
O=22.53 H=22.54 L=22.42 C=22.45

FROM: www.econoday.com

Economic Events & Analysis - 10/07/2010 Thursday


Chain Store Sales
Monster Employment Index
8:30 AM ET Jobless Claims
10:30 AM ET EIA Natural Gas Report
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
11:00 AM ET 3-Yr Note Announcement
11:00 AM ET 10-Yr Note Announcement
11:00 AM ET 30-Yr Bond Announcement
1:30 PM ET Thomas Hoenig Speaks
3:00 PM ET Consumer Credit
4:30 PM ET Fed Balance Sheet
4:30 PM ET Money Supply


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]

BB's have spread on 1m xlf fas faz very slowly over the last 9 mins or so
xlf on 1m still 14.77
macd still neg on 1m xlf fas

[abdogman]

Thanks Kryptos!!!!

[deadmoney95]

Morning all:

CarlFutia Carl Futia
$ES_F revised day session range estimate for today is 1158-1172

[ccash04]

Oct 7, 2010 9:02:30 GMT -5 deadmoney95 said:

Morning all:

CarlFutia Carl Futia
$ES_F revised day session range estimate for today is 1158-1172

That's optimism, we are at low end of C-man's range..

[abdogman]

BB's narrowing on 1m xlf fas faz
xlf 14.78 on 1m

[Rich]

This is odd...Fins are strong.

I must be mistaken.

It can't be.

[abdogman]

macd neg last 2 mins on 1m xlf fas
xlf 14.75 on 1m

[abdogman]

Briefing .com at 1030

Natural gas inventory showed a build of 85 bcf, analysts were expecting a build of 79 bcf, with ests ranging from a build of 66 bcf to a build of 90 bcf.

[abdogman]

BB's narrowing on 1m xlf fas faz
macd 0/0 on 1m xlf fas faz
xlf 14.773 on 1m

[abdogman]

BB's narrowing on aud eur vix edz all on 1m

[abdogman]

macd neg on 1m xlf fas
BB's spreading on above
xlf 14.75 on 1m

[abdogman]

xlf 14.735 on 1m

[actuarynomore]

As I noted on Tuesday...

Kind of interesting when you look at FAS on 15 minute chart over 20 days how similar the price and MACD charts are from 9/13 thru 9/21 and 9/24 thru today - FWIW...

Back then FAS dropped $3 in 2 days

[abdogman]

BB's narrowing on 1m xlf fas faz
macd appx 00 on above
xlf 14.73 on 1m