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Post by ask2lern on Oct 21, 2010 5:58:51 GMT -5
Morning Gang!! Here are the pivots……….…hope everyone has a great day …………………GLTA
XLF
R3 15.23 R2 14.89 R1 14.75
PP 14.55
S1 14.41 S2 14.21 S3 13.87
GOLD
R4 1390.70 midpoint 1382.65 R3 1374.60 midpoint 1366.55 R2 1358.50 Midpoint 1355.65 R1 1352.80 midpoint 1347.60
PP 1342.40
midpoint 1339.55 S1 1336.30 midpoint 1331.50 S2 1326.30 midpoint 1318.25 S3 1310.20 midpoint 1302.15 S4 1294.10
SILVER
R4 25.37 midpoint 25.11 R3 24.85 midpoint 24.59 R2 24.33 midpoint 24.24 R1 24.14 midpoint 23.98
PP 23.81
midpoint 23.72 S1 23.62 midpoint 23.46 S2 23.29 midpoint 23.03 S3 22.77 midpoint 21.51 S4 22.25
IMW
R3 72.49 R2 71.29 R1 70.75
PP 70.09
S1 69.55 S2 68.89 S3 67.69
TNA
R4 59.24 midpoint 58.10 R3 56.96 midpoint 55.82 R2 54.68 midpoint 54.16 R1 53.63 midpoint 53.02
PP 52.40
midpoint 51.88 S1 51.35 midpoint 50.74 S2 50.12 midpoint 49.98 S3 47.84 midpoint 46.70 S4 45.56
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 29.21 R2 28.46 R1 28.05
PP 27.71
S1 27.30 S2 26.96 S3 26.21
………………………..GLTA
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Post by ask2lern on Oct 21, 2010 6:00:04 GMT -5
From www.optionmonster.com .............................GLTA Small new range develops for indexesOctober 21, 2010 Thu 12:40 AM CT With yesterday's market snap-back, a small new trading range in each of the indexes has been formed. Significant breaches above resistance or under support noted below will break that range and define whatever new trend we are likely to see into the year end. Ahead of that resolution, we have a multitude of earnings reports to come. It will take at least another two weeks for the bulk of earnings to be out of the way. Nasdaq 100 (NDX) First support is at 2078.63. First resistance is at 2097.73. For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $51.04. First resistance is at $51.50. S&P 500 (SPX) First support is at 1171.52, the 10-day moving average. First resistance is at 1185.53. For the Standard & Poor's Depository Receipts (SPY) first support is at $117.20, the 10-day moving average. First resistance is at $118.67. Russell 2000 (RUT) First support is at 698.83, the 10-day moving average. First resistance is at 710.64. For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $69.85, the 10-day moving average. First resistance is at $71.14. By: Bryan McCormick
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Post by ask2lern on Oct 21, 2010 6:02:30 GMT -5
From www.optionmonster.com ........................GLTA Russell ETF draws big bearish playOctober 21, 2010 Thu 12:29 AM CT For the second day in a row the options volume in the iShares Russell 2000 Index ETF was more than twice the average, but yesterday we saw the biggest action take a bearish stance. The IWM had more than 460,000 options trade, more than twice the average of 218,000 for the exchange-traded fund. Topping the volume were the December 67 and 61 put strikes, with more than 57,000 each against open interest of less than 300. The strikes traded Tuesday were the December 65 and 60 puts, which each have open interest of more than 40,000 now. The strikes traded in corresponding blocks. The largest of the December 67 puts were 20,000 and 15,000 bought for $2.00 and $2.03 respectively. For the December 61 puts those blocks were sold for $0.77 and $0.80. These put spreads will take their maximum profits if the IWM falls below $61 by expiration. They could be hedging against long shares, or they could be tied to the volume from yesterday. The IWM regained some of the ground lost yesterday, finishing at $70.21, up 1 percent on the day. By: Chris McKhann
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Post by ask2lern on Oct 21, 2010 6:03:48 GMT -5
From www.optionmonster.com ...................GLTA Labor data, Fed survey on calendarOctober 21, 2010 Thu 12:17 AM CT There are three releases on today's calendar, but only two of them are likely to have a major impact. This is the last day of the week for economic reports. Jobless Claims will be released at 8:30 a.m. ET. The consensus calls for 455,000 initial claims, down from the previous week's 462,000. The range is relatively narrow this week, with the most optimistic forecast for a bullish 430,000 claims. At the high end, a more bearish 462,000 is forecast. A number that comes in above the high end of expectations would be especially bearish. A move below 430,000 would be very bullish. Leading Indicators is the report of the day most likely to be underweighted by traders. It will be reported at 10 a.m. ET. Expectations are for this number to come in flat with the previous release, at 0.3 percent. A more bearish 0.1 percent is forecast at the low, but a bullish 0.6 percent is forecast at the high. The Philadelphia Fed Survey will be released at 10 a.m. ET. This is the report traders will be most focused on today. Consensus calls for a gain to 2, from the previous report's -0.7. At the low end of expectations, a bearish -5 is forecast. A bullish reading of 10 is expected at the high end. By: Bryan McCormick
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Post by abdogman on Oct 21, 2010 6:46:03 GMT -5
Good Morning Gang.....Ask Thank You so much for the nmbrs,start,and info layout......GLTA!!!
back for the open
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Post by abdogman on Oct 21, 2010 8:33:53 GMT -5
xlf 14.70 on 1m
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Post by kbk3ck on Oct 21, 2010 8:40:48 GMT -5
Thanks Ask. Keep up the great work man. Exalt for U!!
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Post by abdogman on Oct 21, 2010 8:41:35 GMT -5
BB's spreading on 1m xlf fas xlf fas on top band macd + on 1m xlf fas xlf 14.73 on 1m
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Post by deadmoney95 on Oct 21, 2010 8:46:50 GMT -5
Morning all. Carl F: December S&P E-mini Futures: Today's range estimate is 1173-87. I now believe the ES has started a breakout move that will carry it above the April top at 1216 over the next two or three weeks. And more Carl F: 2.bp.blogspot.com/_sL6ril9lDkw/TMA8Rp29eFI/AAAAAAAACbQ/2H55xivz25k/s1600/101021+911+am.jpgHere is an hourly bar chart showing 24 hour e-mini trading. The drop this past Tuesday to 1155 was a shakeout (red arrow) - a false breakout below the 1162 support level which defined several preceding highs and lows (lower green dash line). Shakeouts usually are followed by fast, extended moves in the opposite direction. I think the ES is now headed for the top of the trend channel I have drawn (around 1200). After a drop to support (higher green dash line) I think the market will resume its move above the 1216 level of the April 2010 top.
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Post by abdogman on Oct 21, 2010 8:48:19 GMT -5
macd neg now on 1m xlf fas BB's narrowing on 1m xlf fas faz xlf 14.70 on 1m
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Post by jack on Oct 21, 2010 8:57:17 GMT -5
LEI report (will/will not) propel Mr Market higher?
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Post by ccash04 on Oct 21, 2010 9:00:55 GMT -5
If we consolidate at these levels should head higher as I have 118.55 as the level I am watching.
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Post by abdogman on Oct 21, 2010 9:01:53 GMT -5
BB's narrow on 1m xlf fas faz BB range on 1m xlf 14.7349-14.6867 macd barely neg on 1m xlf fas xlf 14.709 on 1m
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Post by abdogman on Oct 21, 2010 9:05:18 GMT -5
October Philadelphia Fed 1.0 vs 1.4 Briefing.com consensus, September -0.7
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Post by abdogman on Oct 21, 2010 9:05:49 GMT -5
September Leading Indicators +0.3% vs +0.3% Briefing.com consensus, prior revised to +0.1% from +0.3%
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Post by ccash04 on Oct 21, 2010 9:06:03 GMT -5
FCX taking some off the position, earnings reaction.. meh..
At least its not SIAL which reported good earnings and raised guidance and everything and its down.. Its not even a momentum stock but I guess that's why it gets sold off.
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Post by abdogman on Oct 21, 2010 9:09:26 GMT -5
macd just went pos for xlf fas on 1m xlf 14.735 on 1m
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Post by abdogman on Oct 21, 2010 9:10:36 GMT -5
xlf 14.75 on 1m and BB's spreading
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Post by abdogman on Oct 21, 2010 9:19:17 GMT -5
xlf 14.765 on 1m
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Post by abdogman on Oct 21, 2010 9:27:09 GMT -5
BB's narrowing now on 1m xlf fas faz macd neg on 1m xlf fas xlf 14.76 on 1m
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Post by abdogman on Oct 21, 2010 9:39:37 GMT -5
BB's narrow on 1m xlf ....range 14.77422-14.7392 macd appx 0/0 xlf 14.76 on 1m
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Post by abdogman on Oct 21, 2010 9:56:32 GMT -5
macd neg on 1m xlf fas last 10m's Bb's spreading slowly 1m xlf fas on bottom band xlf 14.74 on 1m
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Post by abdogman on Oct 21, 2010 10:07:39 GMT -5
xlf on 1m virtually sideways since last post xlf 14.755 on 1m
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Post by abdogman on Oct 21, 2010 10:13:54 GMT -5
macd neg last 3 m's on 1m xlf fas BB's spread slightly on 1m xlf fas faz xlf 14.73 on 1m
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Post by abdogman on Oct 21, 2010 10:17:48 GMT -5
xlf 14.71 on 1m
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Post by brosin on Oct 21, 2010 10:18:06 GMT -5
BAC is going to make me buy MORE of it
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Post by abdogman on Oct 21, 2010 10:20:15 GMT -5
Aud/Jpy dropping since 1039EDT
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Post by brosin on Oct 21, 2010 10:20:57 GMT -5
now up to a 7x long position on BAC in the big cap paper account (10k more at $11.40)
avg $11.93 - by far the biggest position I've gotten up to in there fwiw
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Post by abdogman on Oct 21, 2010 10:26:32 GMT -5
xlf 14.65 on 1m ............BB's still spreading
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Post by abdogman on Oct 21, 2010 10:32:34 GMT -5
macd on 1m xlf fas back to 0/0 BB's now narrowing slightly on 1m xlf fas faz
xlf 14.685 on 1m
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