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Post by ask2lern on Oct 14, 2010 5:53:05 GMT -5
Please move to sticky section………………………..Thanks
Here are the pivots……….…hope everyone has a great day …………………GLTA
GOLD
R4 1428.37 midpoint 1418.27 R3 1408.17 midpoint 1398.07 R2 1387.97 Midpoint 1384.20 R1 1380.43 midpoint 1374.10
PP 1367.77
midpoint 1364.00 S1 1360.23 midpoint 1353.90 S2 1347.57 midpoint 1337.47 S3 1327.37 midpoint 1317.27 S4 1307.17
SILVER
R4 26.04 midpoint 25.68 R3 25.32 midpoint 24.96 R2 24.60 midpoint 24.47 R1 24.33 midpoint 24.11
PP 23.88
midpoint 23.75 S1 23.61 midpoint 23.39 S2 23.16 midpoint 22.80 S3 22.44 midpoint 22.08 S4 21.72
IMW
R3 73.24 R2 71.87 R1 71.22
PP 70.50
S1 69.85 S2 69.13 S3 67.76
TNA
R4 62.42 midpoint 60.92 R3 59.41 midpoint 57.91 R2 56.40 midpoint 55.69 R1 54.97 midpoint 54.18
PP 53.39
midpoint 52.68 S1 51.96 midpoint 51.17 S2 50.38 midpoint 48.88 S3 47.37 midpoint 45.87 S4 44.36
TZA
R4 26.77 Midpoint 26.08 R3 25.38 midpoint 24.69 R2 23.99 midpoint 23.62 R1 23.25 midpoint 22.93
PP 22.60
midpoint 23.23 S1 21.86 midpoint 21.54 S2 21.21 midpoint 20.52 S3 19.82 midpoint 19.13 S4 18.43
SDS
R3 28.76 R2 28.20 R1 27.92
PP 27.64
S1 27.36 S2 27.08 S3 26.52
………………………..GLTA
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Post by ask2lern on Oct 14, 2010 5:56:54 GMT -5
from www.optionmonster.com ................................GLTA Indexes break through resistance October 14, 2010 Thu 12:03 AM CT Each of the indexes broke through resistance yesterday after a week of waiting. The Nasdaq 100 broke above its previous resistance level but failed to close above its April peak, which was 2059.42. That is its new resistance. There are fresh levels for all of the indexes. One concern for the bulls is the potential for a double top in the S&P 500, though that could take some time to present itself. Short-term momentum favors the bulls. Nasdaq 100 (NDX) First support is at 2040.58. First resistance is at 2059.42 and thereafter at 2067.06. For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $50.21. First resistance is at $50.65, and $50.75 thereafter. S&P 500 (SPX) First support is at 1170.48. First resistance is at 1186.32. For the Standard & Poor's Depository Receipts (SPY) first support is at $117.36. First resistance is at $118.78. Russell 2000 (RUT) First support is at 700.97. First resistance is at 719.70. For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $70. First resistance is at $72.10. By: Bryan McCormick
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Post by ask2lern on Oct 14, 2010 5:58:30 GMT -5
From www.optionmonster.com .................................GLTA Labor, trade, oil data top calendarOctober 14, 2010 Thu 12:01 AM CT The pace picks up for economic releases today, leading up to an extremely full calendar tomorrow. This could make the stock market much more active, depending on the news. International Trade will be released at 8:30 a.m. ET. The consensus among economists is for a deficit of -$44 billion. The range is relatively small from -$47.5 billion, which would be moderately bearish, to a relatively bullish -$40 billion. The report is likely to take a back seat either to the Producer Price Index or Jobless Claims, which will be released at the same time. The dollar could fall on a wider-than-expected trade gap and rise if the gap is much smaller than expected. The Producer Price Index comes out at 8:30 a.m. ET. Consensus for the headline number, which includes food and energy, is for a rise of 0.2 percent. Without food and energy, the rise is expected to be a much smaller 0.1 percent. At the high end, the headline number is expected to come in at 0.4 percent, which would be bearish. The index estimate excluding food and energy is 0.2 percent, which would moderately bearish. Jobless Claims will be reported at 8:30 a.m. ET. Most economists expect the initial claims number to come in at the same level as last week's 445,000. The range is from a moderately bullish 425,000 to a more bearish 455,000. A number that breaks either end of the range would provoke a more extreme market reaction. The EIA Petroleum Status Report will be released at 11 a.m. ET. Ahead of that news, the American Petroleum Institute released own its supply data. Expectations for the API report was for a build of 1.1 million barrels. Instead, the report showed a very large draw of -4 million barrels. If the EIA data supports this large draw, it would likely be bullish for crude pricing. A smaller draw, or a positive number showing a build, would be potentially bearish for crude pricing. The API is a private industry group, while the EIA is a government agency. The two reports do not always agree either in terms of direction or magnitude. By: Bryan McCormick
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Post by ask2lern on Oct 14, 2010 6:03:12 GMT -5
I don't think that todays PPI report will show much as inflation but it could.....................I would expect in the next few reports to see it increasing as a result of the commodities stratospheric rise recently...............it will have to show up soon IMO..........................GLTA
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Post by abdogman on Oct 14, 2010 7:11:27 GMT -5
0458EDT briefing .com
Overnight Summary -- Dollar plunges against major world currencies; Singapore tightens monetary policy
The USD is focus overnight. Singapore widened its secret FX band to help curb inflation. South Korea decided to leave rates unchanged surprising the market which generally expected a 25 bp increase. This put continued pressure on the USD, as all the major currencies rallied against it. The USD/JPY is now down near the 81.00 level. The euro is above 1.4000. Canadian and Aussie dollar are all near parity. The weak dollar is sending commodity prices surging. With all this in play, as well as Asia catching up to yesterday's US and European strength, the Asian indexes were well bid. Exporters bucked the recent trend showing strength despite the stronger yen. In Europe the ECB posted its monthly bulletin providing little substance. The European indexes are all up in early trade with mining stocks leading the way. Gold made another new high and now eyeing 1400. Copper made a 27-month high. Crude is advancing as well.
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Post by abdogman on Oct 14, 2010 7:13:45 GMT -5
Good Morning Gang....ASk thx for the start,numbers,and info ......GLTA!!
back for the open
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Post by abdogman on Oct 14, 2010 7:43:30 GMT -5
0830 EDT Initial Claims 462K vs 450K Briefing.com consensus, prior revised to 449K from 445K
Continuing Claims falls to 4.399 mln from 4.511mln
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Post by abdogman on Oct 14, 2010 7:47:24 GMT -5
0830EDT September Core PPI M/M +0.1% vs +0.1% Briefing.com consensus, prior +0.1%
September PPI Y/Y +4.0%, Core PPI Y/Y +1.6%
August Trade Balance -$46.3 bln vs -$44.5 bln Briefing.com consensus, prior revised to -$42.6 bln from -$42.8 bln
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Post by ccash04 on Oct 14, 2010 8:07:04 GMT -5
;D 0830EDT September Core PPI M/M +0.1% vs +0.1% Briefing.com consensus, prior +0.1% September PPI Y/Y +4.0%, Core PPI Y/Y +1.6% August Trade Balance -$46.3 bln vs -$44.5 bln Briefing.com consensus, prior revised to -$42.6 bln from -$42.8 bln Looking forward to paying more for groceries ;D
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Post by ccash04 on Oct 14, 2010 8:24:46 GMT -5
Carl F
December S&P E-mini Futures: Today's range estimate is 1168-80. 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.
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Post by deadmoney95 on Oct 14, 2010 8:32:52 GMT -5
Good morning, everyone. Carl F:
$ES_F today's day session range estimate is 1168-1180. The market is about to establish a trading range 1150-90 prior to a move above 1216
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Post by abdogman on Oct 14, 2010 8:34:33 GMT -5
xlf 14.67 on 1m
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Post by abdogman on Oct 14, 2010 8:35:13 GMT -5
xlf 14.64 on 1m
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Post by abdogman on Oct 14, 2010 8:36:11 GMT -5
xlf 14.595 on 1m
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Post by jack on Oct 14, 2010 8:36:12 GMT -5
CNL already at 7.70 Rog...damn thing just won't back off! LOL!!! Now at 7.63 w/ the bid at 7.60 fyi
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Post by ccash04 on Oct 14, 2010 8:37:22 GMT -5
FCX is getting caught in all the bs it should be flying up sometime soon as both copper and gold rising to absurd levels looking for copper to be at $4 soon.
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Post by abdogman on Oct 14, 2010 8:37:39 GMT -5
xlf 14.57 on 1m
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Post by ccash04 on Oct 14, 2010 8:39:08 GMT -5
picked up 1 GOOG 480 put for $20 (completely a gamble). if it falls to 400 tomorrow I make 8000 off my $20
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Post by abdogman on Oct 14, 2010 8:39:30 GMT -5
macd leveling off but is neg on 1m xlf fas xlf 14.61 on 1m
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Post by abdogman on Oct 14, 2010 8:44:06 GMT -5
macd just + on xlf fas BB's level on 1m xlf fas faz xlf 14.72
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Post by ccash04 on Oct 14, 2010 8:45:16 GMT -5
Market benefitting from falling dollar.. still in real terms its down .67% as dollar is that much weaker and market is flat.. This is the only way I can make sense of the market lol
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Post by abdogman on Oct 14, 2010 8:48:28 GMT -5
BB's narrowing slowly on 1m xlf fas xlf 14.71 on 1m
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Post by abdogman on Oct 14, 2010 8:49:32 GMT -5
xlf 14.69 on 1m
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Post by deadmoney95 on Oct 14, 2010 8:50:33 GMT -5
Good morning, everyone. Carl F: $ES_F today's day session range estimate is 1168-1180. The market is about to establish a trading range 1150-90 prior to a move above 1216 Some elaboration from Carl: Today's range estimate is 1168-80. 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.
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Post by abdogman on Oct 14, 2010 8:54:08 GMT -5
BB 's stopped narrowing on 1m xlf BB range on 1m xlf 14.7733-14.5655 macd still + on 1m xlf fas xlf 14.69 on 1m
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Post by ccash04 on Oct 14, 2010 8:58:49 GMT -5
There is literally a brick wall at 15 for the xlf.
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Post by abdogman on Oct 14, 2010 8:59:05 GMT -5
BB's narrowing again on 1m xlf fas faz macd 00 on above xlf 14.66 on 1m
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Post by abdogman on Oct 14, 2010 9:10:50 GMT -5
xlf 14.63 on 1m
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Post by sp7015 on Oct 14, 2010 9:16:21 GMT -5
In aapl $280 weekly calls for $23.60 a contract. Will hold until after earnings and mac event on the 20th.
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Post by abdogman on Oct 14, 2010 9:19:10 GMT -5
macd + now on 1m xlf fas BB's narrow.............Range on 1m xlf 14.6816-14.6056 xlf 14.64 on 1m
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