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Post by kryptos2009 on Nov 2, 2010 23:33:13 GMT -5
Here is the PP Daily Thread (PPDT) data. XLF PP=14.61 MP=14.63 R1=14.65 MP=14.68 R2=14.71 MP=14.76 R3=14.81 MP=14.86 R4=14.91 MP=14.58 S1=14.55 MP=14.53 S2=14.51 MP=14.46 S3=14.41 MP=14.36 S4=14.31 O=14.65 H=14.66 L=14.56 C=14.6 FAS PP=22.45 MP=22.54 R1=22.63 MP=22.73 R2=22.82 MP=23.01 R3=23.19 MP=23.38 R4=23.56 MP=22.36 S1=22.26 MP=22.17 S2=22.08 MP=21.90 S3=21.71 MP=21.53 S4=21.34 O=22.54 H=22.64 L=22.27 C=22.44 FAZ PP=12.45 MP=12.50 R1=12.54 MP=12.60 R2=12.65 MP=12.75 R3=12.85 MP=12.95 R4=13.05 MP=12.40 S1=12.34 MP=12.30 S2=12.25 MP=12.15 S3=12.05 MP=11.95 S4=11.85 O=12.4 H=12.55 L=12.35 C=12.44 SPY PP=119.44 MP=119.61 R1=119.78 MP=119.94 R2=120.09 MP=120.42 R3=120.74 MP=121.07 R4=121.39 MP=119.29 S1=119.13 MP=118.96 S2=118.79 MP=118.47 S3=118.14 MP=117.82 S4=117.49 O=119.42 H=119.75 L=119.1 C=119.47 SPG PP=100.07 MP=100.65 R1=101.22 MP=101.54 R2=101.86 MP=102.76 R3=103.65 MP=104.55 R4=105.44 MP=99.75 S1=99.43 MP=98.86 S2=98.28 MP=97.39 S3=96.49 MP=95.60 S4=94.70 O=99.48 H=100.72 L=98.93 C=100.57 GS PP=162.54 MP=162.91 R1=163.28 MP=163.51 R2=163.74 MP=164.34 R3=164.94 MP=165.54 R4=166.14 MP=162.31 S1=162.08 MP=161.71 S2=161.34 MP=160.74 S3=160.14 MP=159.54 S4=158.94 O=162.06 H=163 L=161.8 C=162.82 JPM PP=37.12 MP=37.27 R1=37.41 MP=37.64 R2=37.86 MP=38.23 R3=38.60 MP=38.97 R4=39.34 MP=36.90 S1=36.67 MP=36.53 S2=36.38 MP=36.01 S3=35.64 MP=35.27 S4=34.90 O=37.53 H=37.57 L=36.83 C=36.96 MS PP=24.72 MP=24.79 R1=24.86 MP=24.99 R2=25.12 MP=25.32 R3=25.52 MP=25.72 R4=25.92 MP=24.59 S1=24.46 MP=24.39 S2=24.32 MP=24.12 S3=23.92 MP=23.72 S4=23.52 O=24.86 H=24.97 L=24.57 C=24.61 C PP=4.17 MP=4.19 R1=4.20 MP=4.21 R2=4.22 MP=4.25 R3=4.27 MP=4.30 R4=4.32 MP=4.16 S1=4.15 MP=4.14 S2=4.12 MP=4.10 S3=4.07 MP=4.05 S4=4.02 O=4.19 H=4.2 L=4.15 C=4.17 VIX PP=21.54 MP=21.70 R1=21.85 MP=22.00 R2=22.14 MP=22.44 R3=22.74 MP=23.04 R4=23.34 MP=21.40 S1=21.25 MP=21.10 S2=20.94 MP=20.64 S3=20.34 MP=20.04 S4=19.74 O=21.34 H=21.82 L=21.22 C=21.57 UUP PP=22.24 MP=22.26 R1=22.28 MP=22.29 R2=22.30 MP=22.33 R3=22.36 MP=22.39 R4=22.42 MP=22.23 S1=22.22 MP=22.20 S2=22.18 MP=22.15 S3=22.12 MP=22.09 S4=22.06 O=22.25 H=22.27 L=22.21 C=22.25 FROM: www.econoday.comEconomic Events & Analysis - 11/03/2010 WednesdayMotor Vehicle Sales 7:00 AM ET MBA Purchase Applications 7:30 AM ET Challenger Job-Cut Report 8:15 AM ET ADP Employment Report 9:00 AM ET Treasury Refunding Announcement 9:00 AM ET 3-Yr Note Announcement 9:00 AM ET 10-Yr Note Announcement 9:00 AM ET 30-Yr Bond Announcement 10:00 AM ET Factory Orders 10:00 AM ET ISM Non-Mfg Index 10:30 AM ET EIA Petroleum Status Report 2:15 PM ET FOMC Meeting Announcement 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.
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Post by ask2lern on Nov 3, 2010 6:35:37 GMT -5
Morning Gang!! ……Thanks for the info Krypto…….Here are some other pivots……….…hope everyone has a great day ………GLTA
GOLD
R4 1389.90 midpoint 1384.30 R3 1378.70 midpoint 1373.10 R2 1367.50 Midpoint 1365.25 R1 1363.00 midpoint 1359.65
PP 1356.30
midpoint 1354.05 S1 1351.80 midpoint 1348.45 S2 1345.10 midpoint 1339.90 S3 1333.90 midpoint 1328.30 S4 1322.70
SILVER
R4 25.76 midpoint 25.61 R3 25.46 midpoint 25.31 R2 25.16 midpoint 25.11 R1 25.06 midpoint 24.96
PP 24.86
midpoint 24.81 S1 24.76 midpoint 24.66 S2 24.56 midpoint 24.41 S3 24.26 midpoint 24.11 S4 23.96
IMW
R3 73.03 R2 71.99 R1 71.63
PP 70.95
S1 70.59 S2 69.91 S3 68.87
TNA
R4 60.91 midpoint 59.78 R3 58.65 midpoint 57.52 R2 56.39 midpoint 56.00 R1 55.61 midpoint 54.87
PP 54.13
midpoint 53.74 S1 53.35 midpoint 52.61 S2 51.87 midpoint 50.74 S3 49.61 midpoint 48.48 S4 47.35
TZA
R4 25.04 Midpoint 24.53 R3 24.02 midpoint 23.51 R2 23.00 midpoint 22.67 R1 22.33 midpoint 22.16
PP 21.98
midpoint 21.65 S1 21.31 midpoint 21.14 S2 20.96 midpoint 20.45 S3 19.94 midpoint 19.43 S4 18.92
SDS
R3 27.50 R2 27.20 R1 27.04
PP 26.90
S1 26.74 S2 26.60 S3 26.30
………………………..GLTA
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Post by ask2lern on Nov 3, 2010 6:36:32 GMT -5
From www.optionmonster.com ..................................GLTA After elections, all eyes now on FedNovember 3, 2010 Wed 6:25 AM CT First, a correction: Motor Vehicle Sales was mistakenly listed yesterday's calendar. It is instead today. Each company typically reports their sales and forecasts independently, usually beginning at noon ET, though they can begin earlier. Ford, Toyota, and Honda shares are likely to be active both before and after each release. The economic calendar is very full today. Markets will have ample catalysts to work with the number of reports, the election results, and the Fed meeting. There are bound to be some significant cross-currents as a result. The big event of the day will will be the FOMC announcement at 2:15 p.m. ET. Traders are expecting some specifics as to the extent of quantitative easing the Fed may propose, its timetable, and the assets it plans to purchase. There is a very large range of expectations now, with low estimates starting at $50 billion a month and the outlier being a "shock and awe" initial purchase of $300 billion in mortgage-related securities. Traders will be parsing every nuance of the release looking for firmer guidance. MBA Purchase Applications will be released at 7 a.m. ET. There is no advance estimate available for this report. Last week, the purchases sub-component of the report came in at 176.4. A number that is higher or lower than this number by 5 percent or more will be respectively bullish or bearish. The Challenger Job-Cut Report comes out at 7:30 a.m. ET. There is no consensus estimate for this survey which tracks cuts reported but not yet implemented. Some traders see this as a leading indicator of employment trends. The number of cuts has dropped steadily in the last year. The last report showed cuts of 37,151, which is considered moderate to normal. It would likely take a number well north of 50,000 to get traders concerned. A drop below 30,000 would be very bullish. The ADP Employment Report will follow Job Cuts at 8:15 a.m. ET. This report is seen as a leading indicator of the government's Employment Situation Report on Friday. Historically the correlation between the two can be quite weak in terms of both magnitude and direction. Consensus estimates call for a gain of 20,000 in payrolls. A number significantly higher than this, and certainly above 50,000, would be considered bullish. A negative number showing further payroll losses would be bearish. Factory Orders will be released at 10 a.m. ET. Expectations for the headline number calls for a gain of 1.6 percent. The last report showed a drop in orders. The low end of the estimate is for a gain of 0.3 percent. If the report comes close to that number or below it, it would be bearish. At the high end, the most optimistic economists surveyed expect a gain of 2.5 percent. That would be a very bullish reading. The ISM Non-Manufacturing Index comes out at 10 a.m. ET as well. Consensus calls for the index to come in at 53.5. That is up from the previous month's 53.2. The range of expected values for the report is quite narrow, leaving more room for a surprise. At the low end, the most pessimistic forecast calls for a reading of 52. At the high end, a bullish 55.2 is expected. A number that breaks either end of the range will provoke a larger market response than would consensus. The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Before the EIA data comes out, the American Petroleum Institute puts out its supply data. The API report, which came out on Tuesday after market close, showed a large draw, rather than the expected build. The forecast had been for a build of 1.2 million barrels. Instead, there was a draw of -4.137 million barrels. If the EIA data confirms a large draw, it could be bullish for crude pricing. If the draw is smaller than -4.137 million barrels, or there is a positive number indicating a build, it could be bearish for crude pricing. The EIA is a government body and the API is a private industry group. The two reports do not always agree either in terms of amount or direction. By: Bryan McCormick
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Post by ask2lern on Nov 3, 2010 6:39:56 GMT -5
from www.optionmonster.com ..................................GLTA Nasdaq, Russell clear resistanceNovember 3, 2010 Wed 6:12 AM CT Both the Russell 2000 and the Nasdaq 100 yesterday managed to clear resistance levels that had persisted for nearly a week. The S&P 500 remained stuck below resistance, though it edged closer to it. We will have to see what the market reaction is both to the midterm elections and today's Fed announcement before drawing conclusions about the future trend. The reaction to news today will likely set the tone for some time to come. There is the potential for any move today to be very large, which may require a late-day levels update.The Nasdaq 100 gets fresh support and resistance levels. The Russell 2000 gets a new resistance level, but support will remain where it is for the time being. Nasdaq 100 (NDX) First support is at 2131.08. First resistance is at 2165.57. For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $52.39. First resistance is at $53.14. S&P 500 (SPX) First support is at 1184.02, the 10-day moving average. First resistance is at 1197.50. For the Standard & Poor's Depository Receipts (SPY) first support is at $118.50, the 10-day moving average. First resistance is at $119.03. Russell 2000 (RUT) First support is at 690.11. First resistance is at 714.05. For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $68.95. First resistance is at $71.56. By: Bryan McCormick
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Post by abdogman on Nov 3, 2010 7:02:03 GMT -5
Good Morning Gang...Kryptos and Ask thx for nmbrs and info...GLTA!
back for the open
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Post by abdogman on Nov 3, 2010 7:18:03 GMT -5
0815EDT October ADP Employment Change 43K vs 23K Briefing.com consensus
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Post by jack on Nov 3, 2010 8:16:06 GMT -5
Good Morning Gang...Kryptos and Ask thx for nmbrs and info...GLTA! back for the open G'mornin' Rog & Gang ...had a little frost on the pumpkin here in No VA last nite...luckily pulled out the remainining pepper plants yest (and harvested 4 more bags...stuffed peppers at Jacks coming up! ;D )
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Post by jack on Nov 3, 2010 8:17:52 GMT -5
Exalt to Krypt, (Ask & Rog...as soon as I can!)
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Post by abdogman on Nov 3, 2010 8:34:26 GMT -5
xlf 14.63 on 1m
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Post by abdogman on Nov 3, 2010 8:37:17 GMT -5
macd is neg on 1m drn now macd rolling over on 1m xlf fas xlf 14.6375 on 1m
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Post by elle on Nov 3, 2010 8:39:23 GMT -5
mornin' - nice to see you, Kryptos
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Post by deadmoney95 on Nov 3, 2010 8:39:25 GMT -5
Hey everyone.
Carl F:
December S&P E-mini Futures: Today's range estimate is 1185-1200. I believe the ES is in the middle of a breakout move that will carry it above the April top at 1216. I still think we will see 1300 by early April, 2011.
Caldaro:
Overnight (Monday night) Australia and India raised key interest rates. The Asian markets ended mixed. Europe opened higher and closed +0.95%. US index futures were higher overnight, and on election day the market gapped up to SPX 1191. It had closed at SPX 1184 yesterday. Within the first half hour the market rallied to SPX 1195 and then began to pullback. By 10:30 the market hit a low for the day at SPX 1190, and then started to work its way higher again. Around 2:00 the SPX hit 1196 and then eased back to close at 1194.
For the day the SPX/DOW were +0.70%, and the NDX/NAZ were +1.10%. Bonds were up 6 ticks, Crude gained $1.00, Gold added $5.00, and the USD was lower. Support for the SPX notches up to 1187 and then 1176, with resistance at 1222 and then 1240. Short term momentum hit slightly overbought and was declinng into the close. Tomorrow, the ADP index at 8:15, Factory orders and ISM services at 10:00, Auto sales in the afternoon, and the FED ends its two day FOMC meeting with a statement around 2:15.
Looks like we have set up a short term inflection point during this uptrend. The market rallied again today to SPX 1196 for the third time with two intervening rising lows: 1172 and 1178. This displays the potential for an ending diagonal triangle for Minor wave 5 of Intermediate wave three. Also today, the SPX closed above the 1187 OEW pivot for the first time since the uptrend began in early July, and, since the first trading day in May.
We had thought, all along, a close above the OEW 1187 would clear it. Now, with the newly developed rising wedge the market has offered itself two options: 1. continue to the next pivot at SPX 1222, or 2. pullback to enter Intermediate wave four with support between the 1136 and 1168 pivots. The FOMC statement tomorrow will likely force a decision. Best to your trading!
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Post by abdogman on Nov 3, 2010 8:43:48 GMT -5
macd neg now on 1m xlf fas drn xlf 14.64 on 1m
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Post by abdogman on Nov 3, 2010 8:45:10 GMT -5
mornin' Dmoney.......Exalt!
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Post by elle on Nov 3, 2010 8:45:16 GMT -5
well, it is a bad choice week for me
jrcc way down, earnings not that bad, just sucker punched by fed regs like all coal companies. waiting for conference call
other co I almost took instead is up $1.40 (sigh)
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Post by abdogman on Nov 3, 2010 8:48:07 GMT -5
BB's on 1m xlf fas faz are narrowing now xlf 14.63 on 1m
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Post by ccash04 on Nov 3, 2010 8:55:40 GMT -5
well, it is a bad choice week for me jrcc way down, earnings not that bad, just sucker punched by fed regs like all coal companies. waiting for conference call other co I almost took instead is up $1.40 (sigh) Same had to scramble at the open to close AGU positions... Lame
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Post by abdogman on Nov 3, 2010 8:56:32 GMT -5
macd on drn + last 3 mins
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Post by elle on Nov 3, 2010 8:59:10 GMT -5
tahnks for the shoulders to cry on, guys
ordinarily I would be jumping on it at this price and still might, but afraid people will be selling every pop, so I may just sit
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Post by abdogman on Nov 3, 2010 9:00:53 GMT -5
1000EDT October ISM Services 54.3 vs 53.4 Briefing.com consensus, September 53.2
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Post by elle on Nov 3, 2010 9:01:19 GMT -5
cc, I'll meet you at saloon ah
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Post by abdogman on Nov 3, 2010 9:01:31 GMT -5
1000EDT September Factory Orders +2.1% vs +1.7% Briefing.com consensus. prior revised to 0.0% from -0.5%
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Post by abdogman on Nov 3, 2010 9:02:52 GMT -5
no immediate reaction to reports xlf 14.63 on 1m macd neg
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Post by ask2lern on Nov 3, 2010 9:06:07 GMT -5
So far things seem pretty tame...........here are the #'s I am watching on SPY 5min S 119.41 PP 119.68 R 119.86...........seems to be pretty range bound for now between S and PP.......................I am currently holding SPY 121 PUTS @ 3.46 avg and SPY 122 PUTS @ 3.36 avg ..........................GLTA
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Post by ccash04 on Nov 3, 2010 9:06:11 GMT -5
cc, I'll meet you at saloon ah Ya rough morning and now I'm going to have to wait til after Fed announcement to do anything... Seriously eyeing the TBT bear 32/31 put spread, I need to show discipline tho and wait
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Post by ask2lern on Nov 3, 2010 9:09:32 GMT -5
From stocktwits.........................GLTA
TradingTheOdds After Tuesday's > +0.75% gain, there is a better than 85% chance that the $SPY will make its intraday high after 1:45 p.m today. $$ Nov. 3 at 9:03 AM
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Post by abdogman on Nov 3, 2010 9:11:38 GMT -5
macd + now on 1m xlf fas drn still + xlf 14.645 on 1m
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Post by ask2lern on Nov 3, 2010 9:20:10 GMT -5
Well by the lack of movement in either direction I would have to say I think the market had priced in the results.......................of course here in MN we still do not know who won the gov seat................hopefully it wont take 8 months like it did with the senate race............now we will have to wait and see what the market has priced in if any/all of the fed move.....................GLTA
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Post by elle on Nov 3, 2010 9:23:16 GMT -5
you could move to CA, Ask, there's never any doubts here - Jerry Brown (again?)
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Post by jack on Nov 3, 2010 9:23:48 GMT -5
Well by the lack of movement in either direction I would have to say I think the market had priced in the results.......................of course here in MN we still do not know who won the gov seat................hopefully it wont take 8 months like it did with the senate race............now we will have to wait and see what the market has priced in if any/all of the fed move.....................GLTA ...and what's worse is your Sen. Franken doesn't even crack any good jokes anymore...actually...not sure he ever did anyway. ;D
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