PPDT - PP-XLF = 14.69 - 10/08 Friday

[kryptos2009]

Here is the PP Daily Thread (PPDT) data.


XLF PP=14.69
MP=14.75 R1=14.81 MP=14.88 R2=14.95 MP=15.08 R3=15.21 MP=15.34 R4=15.47
MP=14.62 S1=14.55 MP=14.49 S2=14.43 MP=14.30 S3=14.17 MP=14.04 S4=13.91
O=14.79 H=14.84 L=14.58 C=14.66

FAS PP=22.58
MP=22.81 R1=23.04 MP=23.34 R2=23.64 MP=24.17 R3=24.70 MP=25.23 R4=25.76
MP=22.28 S1=21.98 MP=21.75 S2=21.52 MP=20.99 S3=20.46 MP=19.93 S4=19.40
O=22.97 H=23.17 L=22.11 C=22.45

FAZ PP=12.57
MP=12.73 R1=12.88 MP=13.01 R2=13.14 MP=13.42 R3=13.71 MP=13.99 R4=14.28
MP=12.44 S1=12.31 MP=12.16 S2=12.00 MP=11.71 S3=11.43 MP=11.14 S4=10.86
O=12.36 H=12.82 L=12.25 C=12.63

SPY PP=115.87
MP=116.21 R1=116.55 MP=116.88 R2=117.21 MP=117.88 R3=118.55 MP=119.22 R4=119.89
MP=115.54 S1=115.21 MP=114.87 S2=114.53 MP=113.86 S3=113.19 MP=112.52 S4=111.85
O=116.5 H=116.53 L=115.19 C=115.89

SPG PP=95.70
MP=96.01 R1=96.31 MP=96.62 R2=96.93 MP=97.55 R3=98.16 MP=98.78 R4=99.39
MP=95.39 S1=95.08 MP=94.78 S2=94.47 MP=93.86 S3=93.24 MP=92.63 S4=92.01
O=95.84 H=96.33 L=95.1 C=95.68

GS PP=151.17
MP=151.74 R1=152.30 MP=152.90 R2=153.50 MP=154.66 R3=155.83 MP=156.99 R4=158.16
MP=150.57 S1=149.97 MP=149.41 S2=148.84 MP=147.67 S3=146.51 MP=145.34 S4=144.18
O=152.11 H=152.36 L=150.03 C=151.11

JPM PP=39.68
MP=39.92 R1=40.16 MP=40.48 R2=40.80 MP=41.36 R3=41.92 MP=42.48 R4=43.04
MP=39.36 S1=39.04 MP=38.80 S2=38.56 MP=38.00 S3=37.44 MP=36.88 S4=36.32
O=40.11 H=40.32 L=39.2 C=39.52

MS PP=25.25
MP=25.38 R1=25.50 MP=25.71 R2=25.92 MP=26.26 R3=26.59 MP=26.93 R4=27.26
MP=25.04 S1=24.83 MP=24.71 S2=24.58 MP=24.25 S3=23.91 MP=23.58 S4=23.24
O=25.61 H=25.68 L=25.01 C=25.07

C PP=4.17
MP=4.19 R1=4.20 MP=4.22 R2=4.23 MP=4.26 R3=4.29 MP=4.32 R4=4.35
MP=4.16 S1=4.14 MP=4.13 S2=4.11 MP=4.08 S3=4.05 MP=4.02 S4=3.99
O=4.14 H=4.19 L=4.13 C=4.18

VIX PP=21.67
MP=21.86 R1=22.05 MP=22.30 R2=22.55 MP=22.99 R3=23.43 MP=23.87 R4=24.31
MP=21.42 S1=21.17 MP=20.98 S2=20.79 MP=20.35 S3=19.91 MP=19.47 S4=19.03
O=21.31 H=22.16 L=21.28 C=21.56

UUP PP=22.46
MP=22.52 R1=22.57 MP=22.61 R2=22.65 MP=22.75 R3=22.84 MP=22.94 R4=23.03
MP=22.42 S1=22.38 MP=22.33 S2=22.27 MP=22.18 S3=22.08 MP=21.99 S4=21.89
O=22.37 H=22.55 L=22.36 C=22.48

FROM: www.econoday.com

Economic Events & Analysis - 10/08/2010 Friday

8:30 AM ET Employment Situation

Released on 10/8/2010 8:30:00 AM For Sep, 2010
Prior Consensus Consensus Range
Nonfarm Payrolls - M/M change -54,000 -8,000 -75,000 to 25,000
Private Payrolls - M/M change 67,000 85,000 0 to 100,000
Unemployment Rate - Level 9.6 % 9.7 % 9.6 % to 9.8 %
Average Hourly Earnings - M/M change 0.3 % 0.1 % 0.0 % to 0.2 %
Av Workweek - All Employees 34.2 hrs 34.2 hrs 34.2 hrs to 34.3 hrs

Market Consensus Before Announcement
NOTE: Consensus payroll numbers have been updated to include reaction to Wednesday's ADP report and Thursday's jobless claims.

Nonfarm payroll employment in August slipped 54,000 after falling a revised 54,000 in July. A big part of the weakness was seen in the government sector, which still included layoffs of temporary Census workers. Government jobs dropped 121,000 after falling 161,000 in July. For the August drop, 114,000 were due to layoffs of temporary Census workers. In contrast, private nonfarm employment continued to rise, gaining 67,000 in August, following a revised boost of 107,000 the month before. Average hourly earnings improved to 0.3 percent from up 0.2 percent in July. The average workweek for all workers was unchanged at 34.2 hours in July. The market forecast was for 34.2 hours. Turning to the household survey, the unemployment rate came in at 9.6 percent, compared to 9.5 percent in July. Looking ahead, recent initial jobless claims have been slowly trending down, suggesting that private payroll jobs might hold to a modest gain. However, the unemployment rate is still at risk of re-entrants to the labor force outweighing employment gains, boosting the unemployment rate.


10:00 AM ET Wholesale Trade
2:25 PM ET Dan Tarullo Speaks


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.

[ask2lern]

Thanks for the info Krypto……….Here are the pivots……….…hope everyone has a great day …………………GLTA


GOLD

R4 1362.27
midpoint 1357.62
R3 1352.97
midpoint 1348.32
R2 1343.67
Midpoint 1341.40
R1 1339.13
midpoint 1336.75

PP 1334.37

midpoint 1332.10
S1 1329.83
midpoint 1327.45
S2 1325.07
midpoint 1320.42
S3 1315.77
midpoint 1311.12
S4 1306.47

Currently Gold has big resistance at 1360 then 1375 and good support at 1313-1315
A break of these levels will determine the ST direction IMO………….I would like to see the 1313 tested……………..LT gold goes up IMO…………….yesterday was an outside down day and today’s price action could produce a “key reversal” with more selling to come……………..

SILVER

R4 23.29
midpoint 23.17
R3 23.05
midpoint 22.93
R2 22.81
midpoint 22.74
R1 22.67
midpoint 22.62

PP 22.57

midpoint 22.50
S1 22.43
midpoint 22.38
S2 22.33
midpoint 22.21
S3 22.09
midpoint 21.97
S4 21.85

Silver has big resistance around 23 and support at 21-22.…….same story as gold IMO……….

IMW

R3 70.79
R2 69.63
R1 69.02

PP 68.47

S1 67.86
S2 67.31
S3 66.15



TNA

R4 56.44
midpoint 55.20
R3 53.96
midpoint 52.72
R2 51.48
midpoint 50.84
R1 50.20
midpoint 49.60

PP 49.00

midpoint 48.36
S1 47.72
midpoint 47.12
S2 46.52
midpoint 45.28
S3 44.04
midpoint 42.80
S4 41.56

TZA

R4 28.52
Midpoint 27.89
R3 27.26
midpoint 26.63
R2 26.00
midpoint 25.70
R1 25.40
midpoint 25.07

PP 24.74

midpoint 24.44
S1 24.14
midpoint 23.81
S2 23.48
midpoint 22.85
S3 22.22
midpoint 21.59
S4 20.96

SDS

R3 29.97
R2 29.31
R1 28.98

PP 28.65

S1 28.32
S2 27.99
S3 27.33

………………………..GLTA

[ask2lern]

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


Bulls poised to charge on job news
October 8, 2010 Fri 12:11 AM CT


The market remained flat ahead of Alcoa's quarterly report last night, which marks the unofficial beginning of earnings season, and the widely anticipated Employment Situation Report this morning. Even a New York Times report of a surprise "secret meeting" that allegedly took place between Microsoft and Adobe failed to elicit much excitement yesterday.

Had that news item not appeared, the Nasdaq 100 might well have broken below support. It managed instead to close just a few points away. The S&P 500 and the Russell 2000 barely moved from their close of Wednesday, leaving those indexes right where they have been now for a few days.

The setup for today's session has taken on some interesting dimensions. For the bulls it appears to be a "heads I win, tails you lose" situation.

If the employment report is really poor, it could be considered a positive because, in traders' minds, it would mean a "lock" on a large quantitative easing move at the November meeting of the Fed. If the report is better than expected, then it means that the economy is healing and may be enough to support more rallying.

The unknown is whether the bulls will get the set-up they want. For the bears, the sword of Damocles is the Fed's ability to turn on the liquidity hose, which has left the bears largely sidelined. Ironically that may be why markets have been far less dynamic than usual, except at the company level.

Nasdaq 100 (NDX)

First support is at 2006.91, the 10-day moving average. First resistance is at 2040.58.

For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $49.25. 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]

WOW someone is betting big....................from www.optionmonster.com .................................

What's behind huge XLK volume
October 8, 2010 Fri 12:08 AM CT


The four largest option trades in yesterday's session were in an exchange-traded fund that usually doesn't see much action.

The volume in the Technology Select Sector SPDR (XLK) was 243,679 contracts. That compares to an average daily volume of 21,684 over the last month, and just 656 of yesterday's options were calls.

One large player moved 225,000 puts in two trades. The investor bought two blocks of 62,500 and 50,000 December 23 puts for $0.87 and at the same time sold the same numbers of the December 20 puts for $0.19.

This enormous spread cost a total of $15.3 million, which will be lost if the XLK remains above $23 by expiration. If it is below $20, the profit will be $52.2 million.

This could be a protective position against long shares, covering losses down to support levels that haven't been broken for more than a year. If that is the case, it would be a hedge against 22.5 million shares--more than 5 times yesterday's stock volume.

The XLK finished the day at $23.18, unchanged on the day. It has rallied off support just above $20, which has been in place September 2009.

By: Chris McKhann

[abdogman]

Good Morning Gang.......Kryptos and Ask thx for numbers and info.......GLTA!

back for the open

[abdogman]

Briefing .com at 0830 EDT

Sep Nonfarm Private Payrolls +64K vs +74K Briefing.com consensus; prior revised to +93K from +67K

Sep Unemployment Rate 9.6% vs 9.7% Briefing.com consensus

Sep Nonfarm Payrolls -95K vs -0K Briefing.com consensus; prior revised to -57K from -54K

Sep Hourly Earnings 0.0% vs +0.2% Briefing.com consensus; prior +0.3%

[jack]

Oct 8, 2010 7:33:27 GMT -5 abdogman said:

Briefing .com at 0830 EDT

Sep Nonfarm Private Payrolls +64K vs +74K Briefing.com consensus; prior revised to +93K from +67K

Sep Unemployment Rate 9.6% vs 9.7% Briefing.com consensus

Sep Nonfarm Payrolls -95K vs -0K Briefing.com consensus; prior revised to -57K from -54K

Sep Hourly Earnings 0.0% vs +0.2% Briefing.com consensus; prior +0.3%

PreMarket appears to be giving it a big "Meh!"

Looks like a good day to powerwash the deck around here...

Anyone know of a better product than Jomax/bleach & water to get the mildew off?

[ccash04]

From CNBC on the jobs report:

"The government revised data for July and August to show 15,000 more jobs lost that previously reported. It also said its preliminary benchmark revision estimate indicated employment in the 12 months to March had been overstated by 366,000."

[jack]

Oct 8, 2010 8:01:41 GMT -5 ccash04 said:

From CNBC on the jobs report:

"The government revised data for July and August to show 15,000 more jobs lost that previously reported. It also said its preliminary benchmark revision estimate indicated employment in the 12 months to March had been overstated by 366,000."

If anyone knows with a high degree of certainty which way the Market's gonna turn today, PLEASE do not keep it to yourself.

[deadmoney95]

Morning, all. Carl F still Jake Lamotta:

December S&P E-mini Futures: Today's range estimate is again 1152-66. The break below yesterday's low looks like a shakeout preceding a strong rally. Next upside target is 1175. The ES will move above 1216 over the coming months.

[ccash04]

Watch the USD this is what's driving the market

[ccash04]

Oct 8, 2010 8:05:39 GMT -5 jack said:

Oct 8, 2010 8:01:41 GMT -5 ccash04 said:

From CNBC on the jobs report:

"The government revised data for July and August to show 15,000 more jobs lost that previously reported. It also said its preliminary benchmark revision estimate indicated employment in the 12 months to March had been overstated by 366,000."

If anyone knows with a high degree of certainty which way the Market's gonna turn today, PLEASE do not keep it to yourself.

I don't think the market cares about this at all.. Just FYI

[ccash04]

If USD gets below 77 watch out above lol

[jack]

Oct 8, 2010 8:01:41 GMT -5 ccash04 said:

From CNBC on the jobs report:

"The government revised data for July and August to show 15,000 more jobs lost that previously reported. It also said its preliminary benchmark revision estimate indicated employment in the 12 months to March had been overstated by 366,000."

"Close enough for Gubmint work" - LOL!!!

[abdogman]

xlf 14.69 on 1m

[abdogman]

xlf 14.67 on1m

[abdogman]

macd just neg now on 1m xlf fas
BB's spreading slowly ....range on xlf 1m 14.7148-14.638
xlf 14.67 on 1m

[abdogman]

xlf on 1m 14.65

[jack]

Oct 8, 2010 8:42:18 GMT -5 abdogman said:

xlf on 1m 14.65

Rog - CNL active today on 1.2M vol now 6.76

[abdogman]

BB's narrowing slowly on 1m xlf fas faz
xlf 14.70 on 1m
macd pos on 1m for xlf fas

[abdogman]

Oct 8, 2010 8:46:23 GMT -5 jack said:

Oct 8, 2010 8:42:18 GMT -5 abdogman said:

xlf on 1m 14.65

Rog - CNL active today on 1.2M vol now 6.76

Thx Jack!!

[abdogman]

1000 briefing .com

Aug Wholesale Inventories +0.8% vs +0.4% Briefing.com consensus; prior revised to +1.5% from +1.3%

[abdogman]

macd just neg on 1m xlf fas
xlf 14.66 on 1m

[jack]

Oct 8, 2010 8:53:57 GMT -5 abdogman said:

Oct 8, 2010 8:46:23 GMT -5 jack said:

Rog - CNL active today on 1.2M vol now 6.76

Thx Jack!!

Now 6.89 on 1,220K vol - it gets a lotta 3-4% interday swings don't worry its going to 25

[ccash04]

UUP tanking, should be good for markets

[abdogman]

BB's still narrow on 1m xlf fas
bb range on 1m xlf 14.6921-14.6549
macd appx 0/0 on 1m xlf fas
xlf 14.67 on 1m

[abdogman]

BB's now spreading slowly on 1m xlf fas faz
BB range on 1m xlf 14.69-14.62
1m xlf fas on lower band
xlf 14.64 on 1m
macd neg

[abdogman]

Doug Kass at 1031

I have been worried about the market's bad breadth.
Today, again, it is weak despite little movement in the averages -- 680 advancing issues and 1,100 declining issues.

[sp7015]

CRUS on the move

[abdogman]

macd on 1m xlf + since 1032EDT
BB range on 1m xlf 14.6695-14.6275
xlf on 1m 14.66