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Post by ask2lern on Oct 20, 2010 6:14:58 GMT -5
Morning Gang!!
Here are the pivots……….…hope everyone has a great day …………………GLTA
XLF
R3 15.27 R2 14.91 R1 14.69
PP 14.55
S1 14.33 S2 14.19 S3 13.83
GOLD
R4 1463.57 midpoint 1443.87 R3 1424.17 midpoint 1404.47 R2 1384.77 Midpoint 1372.65 R1 1360.53 midpoint 1352.95
PP 1345.37
midpoint 1333.25 S1 1321.13 midpoint 1313.55 S2 1305.97 midpoint 1286.27 S3 1266.57 midpoint 1246.87 S4 1227.17
SILVER
R4 26.65 midpoint 26.16 R3 25.66 midpoint 25.17 R2 24.67 midpoint 24.35 R1 24.03 midpoint 23.86
PP 23.68
midpoint 23.36 S1 23.04 midpoint 22.87 S2 22.69 midpoint 22.20 S3 21.70 midpoint 21.21 S4 20.71
IMW
R3 73.36 R2 71.55 R1 70.52
PP 69.74
S1 68.71 S2 67.93 S3 66.12
TNA
R4 63.87 midpoint 61.82 R3 59.77 midpoint 57.72 R2 55.67 midpoint 54.51 R1 54.34 midpoint 52.46
PP 51.57
midpoint 50.41 S1 49.24 midpoint 48.36 S2 47.47 midpoint 45.42 S3 43.37 midpoint 41.32 S4 39.27
TZA
R4 28.31 Midpoint 27.47 R3 26.63 midpoint 25.79 R2 24.95 midpoint 24.58 R1 24.21 midpoint 23.74
PP 23.27
midpoint 22.90 S1 22.53 midpoint 22.06 S2 21.59 midpoint 20.75 S3 19.91 midpoint 19.07 S4 18.23
SDS
R3 29.83 R2 28.98 R1 28.59
PP 28.13
S1 27.74 S2 27.28 S3 26.43
………………………..GLTA
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Post by abdogman on Oct 20, 2010 6:27:39 GMT -5
Good Morning Gang.....Ask thx for the nmbrs and the start.....GLTA!!
back for the open
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Post by ask2lern on Oct 20, 2010 6:46:11 GMT -5
From www.optionmonster.com ...................................GLTA S&P, Russell break below supportOctober 20, 2010 Wed 6:33 AM CT Although no definitive trend changes occurred in the indexes, yesterday's action could have marked the start of something different. The Nasdaq 100 managed to just avoid breaking down through important support, but the S&P 500 and the Russell 2000 broke theirs. That key support was the 10-day moving average in each case. The 10-day moving average has been an uptrend support proxy for each index since they bounced off the August lows. As you can see below, the 10-day is aternately resistance or support for each index. How long and how far down the indexes manage to drift from the 10-day is key for each. A break that goes on for several days would turn the trend. A move back above the 10-day would see a resumption of the uptrend. Nasdaq 100 (NDX) First support is at 2067.06, and thereafter at 2049.71, the 10-day moving average. First resistance is at 2078.63. For the NASDAQ 100 Index Tracking Stock (QQQQ) first support is at $50.75, and thereafter at $50.28, the 10-day moving average. First resistance is at $51.04. S&P 500 (SPX) First support is at 1151.41. First resistance is at 1169.7, the 10-day moving average. For the Standard and Poor's Depository Receipts (SPY) first support is at $115.19. First resistance is at $117.02. Russell 2000 (RUT) First support is at 685.42. First resistance is at 697.15, the 10-day moving average. For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $68.41. First resistance is at $69.69, the 10-day moving average. By: Bryan McCormick
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Post by ask2lern on Oct 20, 2010 6:48:10 GMT -5
From www.optionmonster.com .......................GLTA Russell ETF draws huge put tradeOctober 20, 2010 Wed 6:22 AM CT The Russell 2000 gave up 2 percent yesterday, and that apparently prompted one big option trade. The iShares Russell 2000 Index Fund (IWM) finished the day at $69.5, down 1.95 percent. This takes it back to where it was a week ago after breaking up above $71 a couple of times, which was a 20 percent increase from the support in late August. It was the highest level since early May. The average option volume in the IWM is 200,000 contracts, but 525,000 traded yesterday. Leading that volume were the December 60 and 66 puts in the exchange-traded fund. A trader bought the December 60 puts, a 10,000 block of $0.78 and another of 28,500 for $0.80 just two minutes later. At the same times, the same size blocks of the 65 puts were sold for $1.95 and $1.97. The open interest at both strikes was less than 300. The trade takes in a credit of $1.17, which is the profit as long as the IWM stays above $66 through expiration. The trader apparently wanted to sell puts but do so in a way that still has downside risk coverage if the IWM takes a dramatic drop. By: Chris McKhann
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Post by ask2lern on Oct 20, 2010 6:56:45 GMT -5
From www.optionmonster.com ..............................GLTA Mortgages, oil supply reports on slateOctober 20, 2010 Wed 6:00 AM CT There are three reports and two Federal Reserve speakers on deck for today. Jeffrey Lacker, president of the Richmond Federal Reserve Bank, will give an introductory speech at a journalism workshop at 9:30 a.m. ET. Charles Plosser, president of the Philadelphia Federal Reserve Bank, will give a talk on incentives and regulation starting at 12:45 p.m. ET. At 7 a.m. ET, MBA Purchase Applications will be reported. There are no estimates for this release. I also look only at the new purchases component of the report, as this is indicative of new activity as opposed to refinancing. The last report came in at 181.8. A reading higher or lower by 5 percent or more of the previous number will be bullish or bearish, respectively. The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Given the sharp drop in crude yesterday, traders will be focused on this report. Before the government's EIA data comes out, the private American Petroleum Institute puts out its supply data. The API report, which came out yesterday after market closed, showed a larger-than-expected build. The forecast had been for a build of 1.9 million barrels; instead, the build was 2.315 million barrels. If the EIA data confirms a large build, it could be bearish for crude pricing. If the build is smaller than 1.9 million barrels, or a negative number indicating a draw, it could be bullish for crude pricing. The two reports do not always agree either in terms of magnitude or direction. The Fed's Beige Book will be released at 2 p.m. ET. This is an anecdotal assemblage of economic reports from around the country. It is generally viewed as an important leading indicator as the data is more timely than official reports. It also often contains hints as to what the Fed may be thinking in terms of policy. If the data is particularly poor, it will reinforce the idea that the Fed will active aggressively in terms of stimulus. That is what traders will be looking for in this release as much of the recent rally has been predicated on such action coming in November. By: Bryan McCormick
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Post by ask2lern on Oct 20, 2010 8:22:06 GMT -5
From Stocktwits
TradingTheOdds w/ $SPX Adv./Dec. Issues <0.10, $SPX Adv./Dec. Vol. <0.15, $SPY down >-1.25% on prev. close and higher open next day (today), $SPY... $$
.......................GLTA
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Post by abdogman on Oct 20, 2010 8:34:15 GMT -5
xlf 14.46 on 1m
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Post by abdogman on Oct 20, 2010 8:37:23 GMT -5
xlf 14.42 on 1m
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Post by abdogman on Oct 20, 2010 8:40:54 GMT -5
macd neg on 1m xlf fas BB's spreading on 1m xlf fas faz xlf fas on bottom band xlf 14.41 on 1m
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Post by ask2lern on Oct 20, 2010 8:41:45 GMT -5
No position.......the current SPY levels I am using S 116.84 PP 117.14 R 117.40........................GLTA
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Post by abdogman on Oct 20, 2010 8:48:24 GMT -5
macd + on 1m xlf fas xlf 14.45 on 1m
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Post by ask2lern on Oct 20, 2010 8:53:36 GMT -5
From Stocktwits........................GL
ukarlewitz Very early for a +1090 high tick. $SPY 117.5 is mid point in last 24 hr range Oct. 20 at 8:49 AM
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Post by abdogman on Oct 20, 2010 8:56:34 GMT -5
macd just went - on 1m xlf fas xlf 14.42 on 1m
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Post by abdogman on Oct 20, 2010 9:01:16 GMT -5
xlf 14.39 on 1m
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Post by abdogman on Oct 20, 2010 9:08:38 GMT -5
xlf 14.42 on 1m macd back + on 1m xlf fas BB's curling in on 1m xlf fas faz
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Post by abdogman on Oct 20, 2010 9:14:38 GMT -5
BB's narrow on 1m xlf fas faz macd 00 on above xlf 14.41
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Post by abdogman on Oct 20, 2010 9:17:18 GMT -5
xlf 14.38 on 1m
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Post by abdogman on Oct 20, 2010 9:20:09 GMT -5
macd neg now on 1m xlf fas BB's spreading on 1m xlf fas faz xlf 14.36 on 1m
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Post by abdogman on Oct 20, 2010 9:25:43 GMT -5
xlf 14.39 on 1m
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Post by abdogman on Oct 20, 2010 9:31:22 GMT -5
xlf 14.47 on 1m
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Post by abdogman on Oct 20, 2010 9:31:44 GMT -5
xlf 14.49 on 1m
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Post by abdogman on Oct 20, 2010 9:32:33 GMT -5
macd pos on 1m xlf fas BB's spreading quickly on 1m xlf fas faz xlf 14.52 on 1m
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Post by abdogman on Oct 20, 2010 9:35:26 GMT -5
xlf 14.48 on 1m and macd leveled off..........
***BACK IN 10 MIN**
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Post by abdogman on Oct 20, 2010 9:43:57 GMT -5
xlf 14.51 on 1m
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Post by abdogman on Oct 20, 2010 9:46:20 GMT -5
xlf 14.54 on 1m
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Post by ask2lern on Oct 20, 2010 9:47:07 GMT -5
Opend SPY 118 PUT @ 2.61............GLTA
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Post by ask2lern on Oct 20, 2010 9:50:52 GMT -5
Opend SPY 118 PUT @ 2.61............GLTA Added avg is 2.55..............GLTA
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Post by abdogman on Oct 20, 2010 9:54:56 GMT -5
xlf 14.51 on 1m macd neg last 3 mins on 1m xlf
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Post by abdogman on Oct 20, 2010 9:59:53 GMT -5
BB's narrowing on 1m xlf fas faz macd still neg on 1m xlf fas xlf 14.50 on 1m
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Post by ask2lern on Oct 20, 2010 10:00:50 GMT -5
From Stocktwits................
ukarlewitz Bad news: no POMO tomorrow. Good news: another POMO on Friday and Friday has been green 7 straight weeks $SPY Oct. 20 at 9:57 AM
...............................GLTA
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