PPDT - PP-XLF = 14.76 - 10/13 Wednesday

[kryptos2009]

Here is the PP Daily Thread (PPDT) data.


XLF PP=14.76
MP=14.86 R1=14.96 MP=15.01 R2=15.06 MP=15.21 R3=15.36 MP=15.51 R4=15.66
MP=14.71 S1=14.66 MP=14.56 S2=14.46 MP=14.31 S3=14.16 MP=14.01 S4=13.86
O=14.6 H=14.87 L=14.57 C=14.85

FAS PP=22.85
MP=23.25 R1=23.64 MP=23.87 R2=24.10 MP=24.72 R3=25.35 MP=25.97 R4=26.60
MP=22.62 S1=22.39 MP=22.00 S2=21.60 MP=20.97 S3=20.35 MP=19.72 S4=19.10
O=22.22 H=23.3 L=22.05 C=23.19

FAZ PP=12.41
MP=12.54 R1=12.66 MP=12.88 R2=13.10 MP=13.45 R3=13.79 MP=14.14 R4=14.48
MP=12.19 S1=11.97 MP=11.85 S2=11.72 MP=11.38 S3=11.03 MP=10.69 S4=10.34
O=12.77 H=12.85 L=12.16 C=12.22

SPY PP=116.67
MP=117.18 R1=117.69 MP=118.03 R2=118.37 MP=119.22 R3=120.07 MP=120.92 R4=121.77
MP=116.33 S1=115.99 MP=115.48 S2=114.97 MP=114.12 S3=113.27 MP=112.42 S4=111.57
O=116.27 H=117.35 L=115.65 C=117.01

SPG PP=96.12
MP=96.72 R1=97.32 MP=97.77 R2=98.21 MP=99.25 R3=100.30 MP=101.34 R4=102.39
MP=95.68 S1=95.23 MP=94.63 S2=94.03 MP=92.98 S3=91.94 MP=90.89 S4=89.85
O=95.26 H=97 L=94.91 C=96.44

GS PP=153.89
MP=155.33 R1=156.77 MP=157.55 R2=158.33 MP=160.55 R3=162.77 MP=164.99 R4=167.21
MP=153.11 S1=152.33 MP=150.89 S2=149.45 MP=147.23 S3=145.01 MP=142.79 S4=140.57
O=151.3 H=155.45 L=151.01 C=155.21

JPM PP=40.12
MP=40.45 R1=40.77 MP=40.96 R2=41.14 MP=41.65 R3=42.16 MP=42.67 R4=43.18
MP=39.94 S1=39.75 MP=39.43 S2=39.10 MP=38.59 S3=38.08 MP=37.57 S4=37.06
O=39.47 H=40.49 L=39.47 C=40.4

MS PP=25.68
MP=26.00 R1=26.31 MP=26.50 R2=26.68 MP=27.18 R3=27.68 MP=28.18 R4=28.68
MP=25.50 S1=25.31 MP=25.00 S2=24.68 MP=24.18 S3=23.68 MP=23.18 S4=22.68
O=25.09 H=26.06 L=25.06 C=25.93

C PP=4.20
MP=4.24 R1=4.28 MP=4.30 R2=4.31 MP=4.37 R3=4.42 MP=4.48 R4=4.53
MP=4.19 S1=4.17 MP=4.13 S2=4.09 MP=4.04 S3=3.98 MP=3.93 S4=3.87
O=4.15 H=4.24 L=4.13 C=4.24

VIX PP=19.19
MP=19.52 R1=19.84 MP=20.29 R2=20.74 MP=21.52 R3=22.29 MP=23.07 R4=23.84
MP=18.74 S1=18.29 MP=17.97 S2=17.64 MP=16.87 S3=16.09 MP=15.32 S4=14.54
O=20 H=20.1 L=18.55 C=18.93

UUP PP=22.46
MP=22.50 R1=22.53 MP=22.58 R2=22.63 MP=22.72 R3=22.80 MP=22.89 R4=22.97
MP=22.41 S1=22.36 MP=22.33 S2=22.29 MP=22.21 S3=22.12 MP=22.04 S4=21.95
O=22.51 H=22.57 L=22.4 C=22.42

FROM: www.econoday.com

Economic Events & Analysis - 10/13/2010 Wednesday


7:00 AM ET MBA Purchase Applications
8:30 AM ET Import and Export Prices
11:30 AM ET 4-Week Bill Auction
1:00 PM ET 10-Yr Note Auction
2:00 PM ET Treasury Budget
4:10 PM ET Ben Bernanke Speaks
6:45 PM ET Jeffrey Lacker 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 1380.43
midpoint 1375.33
R3 1370.20
midpoint 1365.13
R2 1360.03
Midpoint 1357.90
R1 1355.77
midpoint 1352.80

PP 1349.83

midpoint 1347.70
S1 1345.57
midpoint 1342.60
S2 1339.63
midpoint 1334.53
S3 1329.43
midpoint 1324.33
S4 1319.23


SILVER

R4 24.78
midpoint 24.53
R3 24.28
midpoint 24.03
R2 23.78
midpoint 23.67
R1 23.55
midpoint 23.42

PP 23.28

midpoint 23.17
S1 23.05
midpoint 22.92
S2 22.78
midpoint 22.53
S3 22.28
midpoint 22.03
S4 21.78


IMW

R3 72.07
R2 70.66
R1 70.09

PP 69.25

S1 68.68
S2 67.84
S3 66.43



TNA

R4 59.75
midpoint 58.24
R3 56.73
midpoint 55.22
R2 53.71
midpoint 53.12
R1 52.52
midpoint 51.61

PP 50.69

midpoint 50.10
S1 49.50
midpoint 48.59
S2 47.67
midpoint 46.16
S3 44.65
midpoint 43.14
S4 41.63

TZA

R4 28.17
Midpoint 27.46
R3 26.74
midpoint 26.03
R2 25.31
midpoint 24.88
R1 24.45
midpoint 24.17

PP 23.88

midpoint 23.45
S1 23.02
midpoint 22.74
S2 22.45
midpoint 21.74
S3 21.02
midpoint 20.31
S4 19.59

SDS

R3 29.91
R2 29.08
R1 28.58

PP 28.25

S1 27.75
S2 27.42
S3 26.59

………………………..GLTA

[ask2lern]

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

Nasdaq 100 closes above resistance
October 13, 2010 Wed 12:11 AM CT


The one index that managed to close above resistance by a fraction yesterday was the Nasdaq 100, which gets new support and resistance levels today.

The S&P 500 and the Russell 2000 edged resistance but closed below those levels. For now, they remain as they were.

We may not have had sufficient catalysts yet to move the Russell or the S&P into new high territory. That could change depending on the results from JP Morgan this morning before the bell.

Nasdaq 100 (NDX)

First support is at 2011.74, the 10-day moving average. First resistance is at 2040.58.

For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $49.38. 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 684.47, the 10-day moving average. First resistance is at 700.97.

For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $68.40. First resistance is at $70.

By: Bryan McCormick

[ask2lern]

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


How institutions are playing the VIX
October 13, 2010 Wed 12:05 AM CT


The plummeting S&P 500 volatility index has created quite a buzz in recent days, and the institutional option trading appears poised for more of the same.

The VIX finished the day at $18.93, down fractionally after a brief move back above 20. The index dropped sharply on Monday, falling below 20 for the first time since April. That was a bit odd, considering that the move in the S&P 500 was only slightly higher. The two indexes usually move in inverse proportions.

Some have explained the unusual movement as a result of the October options dropping out of the calculation, but that timing doesn't seem to work out to me.

optionMONSTER's systems show that 563,637 VIX options traded yesterday. Usually calls outpace puts about 2 to 1, but that ratio was reversed in this heavy volume.

The biggest trade of the day involved 52,319 each of the October and November 24 puts. The former were sold for $3.27 against open interest of 86,900 contracts. The November puts were bought for $2.22, and the volume was more than open interest.

This was very likely a roll of a position from October to November. While both of these puts appear to be in the money, that really isn't the case.

The VIX options are priced off the VIX futures, and the November futures were down 3.6 percent to 24.2. October futures finished the session at 20.65, down 3.05 percent. They have fallen from 25.50 in the last seven trading days.

The VIX futures continue to collapse on the spot value, which now also is dropping. The term structure has remained steep for quite some time, and it still is. But the 20-day historical volatility for the SPX has fallen to 12 percent, and that will be the anchor that pulls the whole structure lower.

So the VIX isn't really showing complacency, as some posit, because it remains 50 percent above actual volatility. And that doesn't even account for those higher implied-volatility levels moving forward.

One concern in this environment comes from the volatility ratios, which hit a new low--by a long shot--in yesterday's trade. These lows have largely corresponded with selloffs in equities, so this does raise a warning flag.

By: Chris McKhann

[ask2lern]

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

Mortgage, import-export data on tap
October 13, 2010 Wed 12:02 AM CT


The calendar remains light for today as we head into a back-loaded week of earnings and economic reports.

The two scheduled reports of the day are MBA Purchase Applications and Import and Export Prices. We will hear from Federal Reserve Chairman Ben Bernanke at 4:10 p.m. ET today as he discusses business innovation at a meeting of the Cleveland Federal Reserve Bank.

MBA Purchase Applications will be reported at 7 a.m. ET. There is no consensus estimate for this report. I also focus solely on new mortgage applications as they indicate new economic activity as opposed to refinancing.

Last week applications came in at 198.7. A reading that is higher or lower by 5 percent or more would be bullish or bearish, respectively.

Import and Export Prices will be released at 8:30 a.m. ET. Import prices are forecast to come in at -0.2 percent, while exports are expected at 0.2 percent. This would be an ideal scenario reflecting no imbalance in pricing.

The most bearish outcome would be for import prices to rise while export prices are dropping. The most bullish outcome would be for export prices to gain while import prices fell.

By: Bryan McCormick

[abdogman]

Good Morning Gang.....Kryptos and Ask... Thanks for nmbrs and info..GLTA!

back for the open

[ask2lern]

From Cobra .................................GLTA

SHORT-TERM: CPCI TOO HIGH WAS NOT A GOOD SIGN

I just found that what I used as a title could control the market behavior. For example, in 09/10 Market Recap, I used title “Show me the strength”, so starting form the next trading day, the market began to show me the strength. And in 10/08 Market Recap, my title said “No 2 Consecutive Up Days for 3 Weeks ”, well, here we go, the market up 3 days in a row. So I’m thinking now, perhaps I should use a title like “Give me SPX 3000”, maybe in this way, we all can retire earlier?

Anyway, the market finally made 3 consecutive up days so what I mentioned in 10/05 Market Recap again becomes possible, that we could repeat what happened in April that after 10/05 breakout, there could be 16 more trading days upswing ahead. Here, my emphasis is not “16 more trading days”, I just use that number to remind bears to prepare for the worst. A general pattern, any new highs made before 2 or more consecutive pullback days are almost guaranteed to be tested before a real pullback could kick in. In another word, even the market sell off hard tomorrow, today’s high at SPX 1172 (near 1172 is OK, could be higher or lower) most likely will be tested after the pullback. Why? Because the market usually tries twice to break something, if failed then it will try the opposite direction and by the way, this is why the Double Top and Double Bottom are very common patterns.

Nothing else to say, one more bad sign today, see chart below, CPCI too high was not friendly to bulls.



Uploaded with ImageShack.us

[deadmoney95]

Good morning and thanks everyone.

Carl F:

December S&P E-mini Futures: Today's range estimate is 1167-81. The upside target of 1175 has been reached. From these levels a break of 30-40 points lasting a few trading days should be the next development. The ES will move above 1216 over the coming months.

Caldaro:

SHORT TERM: QE 2 likely, DOW +10

Overnight (Monday night) the Asian markets were mostly lower. Europe opened lower and closed -0.15%. US index futures were also lower overnight, and the market opened slightly to the downside at SPX 1162. It had closed at SPX 1165 yesterday. Within the first half hour of trading the market declined to SPX 1156, the low for the day. Then with another short term oversold condition on the hourly charts the market started to rally. Around 12:30 the SPX hit 1165, and then pulled back only two points to 1163 by 2:00. At the time the FED released the FOMC minutes: www.federalreserve.gov/newsevents/press/monetary/fomcminutes20100921.pdf. The market responded by rallying up to SPX 1169, pulled back a bit, then rallied to 1173 and closed at SPX 1170.

For the day the SPX/DOW were +0.25%, and the NDX/NAZ were +0.70%. Bonds lost 13 ticks, Crude slid 50 cents, Gold dropped $3.00, and the USD was lower. Support for the SPX notched up to 1168 and then 1146, with resistance at 1176 and then 1187. Short term momentum hit oversold this morning and finished the day on the rise. Tomorrow, Import/Export prices at 8:30, then the Budget deficit at 2:00.

The market opened slightly lower on overnight selling and then pulled back into the SPX 1150 area, which has been providing support for over a week now. After hitting another oversold condition the market rallied, and then awaited the FOMC minutes. This report did not provide any surprises and the market then rallied to new uptrend highs. Short term OEW charts remain positive, count remains the same, and technicals continue to look good. The market is now challenging the 1176 pivot and then the 1187 pivot is next. Support remains around the 1150 area and the 1146/1136 OEW pivots. Best to your trading!

MEDIUM TERM: uptrend new high at SPX 1173

LONG TERM: bull market

[abdogman]

xlf 14.90 on 1m

[abdogman]

xlf 14.83 on 1m *********

[abdogman]

macd neg now on 1m xlf fas

BB's spread BB range 14.9425-14.8008

xlf 14.85 on 1m

[ccash04]

With regards to JPM that was short lived.. Maybe not meeting revenue expectations and looming foreclosure crisis will make your stock go down a couple tenths of a percent.

[ccash04]

So far on JPM and INTC option writers are the winners

[ccash04]

I don't really understand why INTC is down when the fundamentals are so good, if people don't have to pay mortgages and get free housing for the foreseeable future they should be able to buy more intel gadgets...

[abdogman]

macd + now on 1m xlf fas
xlf 14.91 on 1m

[abdogman]

xlf 14.93 on 1m

[jack]

Oct 13, 2010 8:48:52 GMT -5 abdogman said:

xlf 14.93 on 1m

Yo - Rog!:

CNL's now @ 7.10 Canadian

;D

[jack]

THIS JUST IN:

MVIS down another cent

lol!!!

[jack]

Oct 13, 2010 8:52:14 GMT -5 jack said:

Oct 13, 2010 8:48:52 GMT -5 abdogman said:

xlf 14.93 on 1m

Yo - Rog!:

CNL's now @ 7.10 Canadian

;D

Make that 7.14 on 108K vol - they are driving up the pps and the price of Au going up today isn't hurting either.

[abdogman]

macd neg now on 1m xlf fas
BB's narrowing slowly on 1m xlf fas faz
xlf 14.925 on 1m

[jack]

VIX BB's tightening on the 1min but just bumped up now down now back on lower BB headed down.

This play by play brought to you by Ovaltine.

[abdogman]

Oct 13, 2010 8:52:14 GMT -5 jack said:

Oct 13, 2010 8:48:52 GMT -5 abdogman said:

xlf 14.93 on 1m

Yo - Rog!:

CNL's now @ 7.10 Canadian

;D

YO JACK!

[ccash04]

UUP back to even.

[ccash04]

Oct 13, 2010 9:01:36 GMT -5 ccash04 said:

UUP back to even.

for about half a min now back down 3 lol

[abdogman]

macd waffling on 1m xlf fas
BB's still closing in
xlf 14.9368 on 1m

[jack]

I gotta open up the washing machine

Prolly NOT a good idea to offer my wife my grandmother's washboard in the interim, eh?

LOL!!!

Laterz

[jack]

DANG!!!!!!!!!!!!!!!!!!!!!!!!


CNL jumping to 7.24 on 152K vol now!

[abdogman]

BB's still narrow on 1m xlf fas faz
macd neg on 1m xlf fas
xlf 14.925 on 1m

[ccash04]

k time to do work. GLA!

[abdogman]

xlf 14.89 on 1m