PPDT - PP-XLF = 14.25 - 9/08 Wednesday

[kryptos2009]

Here is the PP Daily Thread (PPDT) data.


XLF PP=14.25
MP=14.29 R1=14.33 MP=14.40 R2=14.47 MP=14.58 R3=14.69 MP=14.80 R4=14.91
MP=14.18 S1=14.11 MP=14.07 S2=14.03 MP=13.92 S3=13.81 MP=13.70 S4=13.59
O=14.38 H=14.39 L=14.17 C=14.19

FAS PP=20.51
MP=20.66 R1=20.81 MP=21.09 R2=21.36 MP=21.79 R3=22.21 MP=22.64 R4=23.06
MP=20.24 S1=19.96 MP=19.81 S2=19.66 MP=19.24 S3=18.81 MP=18.39 S4=17.96
O=21.04 H=21.07 L=20.22 C=20.25

FAZ PP=14.32
MP=14.49 R1=14.66 MP=14.76 R2=14.85 MP=15.11 R3=15.38 MP=15.64 R4=15.91
MP=14.23 S1=14.13 MP=13.96 S2=13.79 MP=13.52 S3=13.26 MP=12.99 S4=12.73
O=14 H=14.5 L=13.97 C=14.48

SPY PP=109.90
MP=110.08 R1=110.25 MP=110.56 R2=110.86 MP=111.34 R3=111.82 MP=112.30 R4=112.78
MP=109.60 S1=109.29 MP=109.12 S2=108.94 MP=108.46 S3=107.98 MP=107.50 S4=107.02
O=110.37 H=110.51 L=109.55 C=109.64

SPG PP=94.92
MP=95.16 R1=95.40 MP=95.84 R2=96.27 MP=96.95 R3=97.62 MP=98.30 R4=98.97
MP=94.49 S1=94.05 MP=93.81 S2=93.57 MP=92.90 S3=92.22 MP=91.55 S4=90.87
O=95.35 H=95.79 L=94.44 C=94.53

GS PP=145.20
MP=145.73 R1=146.25 MP=146.77 R2=147.29 MP=148.34 R3=149.38 MP=150.43 R4=151.47
MP=144.68 S1=144.16 MP=143.64 S2=143.11 MP=142.07 S3=141.02 MP=139.98 S4=138.93
O=146.15 H=146.24 L=144.15 C=145.21

JPM PP=38.45
MP=38.56 R1=38.67 MP=38.87 R2=39.07 MP=39.38 R3=39.69 MP=40.00 R4=40.31
MP=38.25 S1=38.05 MP=37.94 S2=37.83 MP=37.52 S3=37.21 MP=36.90 S4=36.59
O=38.73 H=38.84 L=38.22 C=38.28

MS PP=25.93
MP=26.07 R1=26.21 MP=26.48 R2=26.75 MP=27.16 R3=27.57 MP=27.98 R4=28.39
MP=25.66 S1=25.39 MP=25.25 S2=25.11 MP=24.70 S3=24.29 MP=23.88 S4=23.47
O=26.4 H=26.47 L=25.65 C=25.67

C PP=3.84
MP=3.86 R1=3.87 MP=3.89 R2=3.90 MP=3.93 R3=3.96 MP=3.99 R4=4.02
MP=3.83 S1=3.81 MP=3.80 S2=3.78 MP=3.75 S3=3.72 MP=3.69 S4=3.66
O=3.88 H=3.88 L=3.82 C=3.83

VIX PP=23.50
MP=23.87 R1=24.24 MP=24.46 R2=24.67 MP=25.26 R3=25.84 MP=26.43 R4=27.01
MP=23.29 S1=23.07 MP=22.70 S2=22.33 MP=21.75 S3=21.16 MP=20.58 S4=19.99
O=22.77 H=23.94 L=22.77 C=23.8

UUP PP=24.00
MP=24.05 R1=24.09 MP=24.11 R2=24.13 MP=24.20 R3=24.26 MP=24.33 R4=24.39
MP=23.98 S1=23.96 MP=23.92 S2=23.87 MP=23.81 S3=23.74 MP=23.68 S4=23.61
O=23.94 H=24.05 L=23.92 C=24.04

FROM: www.econoday.com

Economic Events & Analysis - 9/08/2010 Wednesday


7:00 AM ET MBA Purchase Applications
7:45 AM ET ICSC-Goldman Store Sales
8:55 AM ET Redbook
10:00 AM ET Quarterly Services Survey
11:00 AM ET 10-Yr Note Auction
11:30 AM ET 4-Week Bill Auction
2:00 PM ET Beige Book


3:00 PM ET Consumer Credit

Released on 9/8/2010 3:00:00 PM For Jul, 2010
Prior Consensus Consensus Range
Consumer Credit - M/M change $-1.3 B $-3.5 B $-6.0 B to $0.0 B

Market Consensus Before Announcement
Consumer credit outstanding in June contracted $1.3 billion-but at least it was at a slower pace than in recent months. Credit in May fell $5.3 billion while April dropped a particularly severe $14.9 billion. Simply, the consumer sector is showing weak demand for loans combined with tight bank lending and heavy charge offs by banks.


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 Kryptos ……….Here are the pivots……….…hope everyone has a great day …………………GLTA


GOLD

R4 1296.13
midpoint 1289.23
R3 1282.33
midpoint 1275.43
R2 1268.53
Midpoint 1265.45
R1 1262.37
midpoint 1258.55

PP 1254.73

midpoint 1251.65
S1 1248.57
midpoint 1244.75
S2 1240.93
midpoint 1234.03
S3 1227.13
midpoint 1220.23
S4 1213.33

SILVER

R4 20.93
midpoint 20.75
R3 20.57
midpoint 20.39
R2 20.21
midpoint 20.11
R1 20.01
midpoint 19.93

PP 19.85

midpoint 19.75
S1 19.65
midpoint 19.57
S2 19.49
midpoint 19.31
S3 19.13
midpoint 18.95
S4 18.77

IMW

R3 65.09
R2 64.61
R1 63.86

PP 63.38

S1 62.63
S2 62.15
S3 61.40



TNA

R4 46.06
midpoint 44.89
R3 43.72
midpoint 42.55
R2 41.38
midpoint 40.66
R1 39.94
midpoint 39.49

PP 39.04

midpoint 38.32
S1 37.60
midpoint 37.15
S2 36.70
midpoint 35.53
S3 34.36
midpoint 33.19
S4 32.02

TZA

R4 37.79
Midpoint 36.91
R3 36.02
midpoint 35.14
R2 34.25
midpoint 33.91
R1 33.57
midpoint 33.03

PP 32.48

midpoint 32.14
S1 31.80
midpoint 31.26
S2 30.71
midpoint 29.83
S3 28.94
midpoint 28.06
S4 27.17

SDS

R3 33.26
R2 32.92
R1 32.72

PP 32.38

S1 32.18
S2 31.84
S3 31.64

………………………..GLTA

[ask2lern]

From www.optionmonster.com ........................... GL

S&P 500 closes above support
September 8, 2010 Wed 6:11 AM CT


Yesterday's market downturn has not changed our levels much from the very familiar pattern of the last week. The indexes remain range-bound with some key economic data coming up.

We can also expect company pre-announcements, both positive and negative, ahead of the next earnings season, which starts in just a little more than three weeks.

The S&P 500 was the one index that closed above support. The next support below the 1090 area is the all-too-familiar 1080 level.

The Nasdaq 100 and the Russell 2000 are stuck between 50-day moving average as support and the 200-day moving average as resistance.

Nasdaq 100 (NDX)

First support is at 1831.155, the 50-day moving average. First resistance is at the 200-day moving average at 1862.93.

For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $45.01. First resistance is at $45.82.

S&P 500 (SPX)

First support is at 1090.10. First resistance is at the 200-day moving average, last at 1115.53.

For the Standard & Poor's Depository Receipts (SPY) first support is at $108.61. First resistance is at $111.78.

Russell 2000 (RUT)

First support is at 627.41, the 50-day moving average. First resistance is now at the 200-day moving average, last at 644.82.

For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $62.76. First resistance is at $64.51.

By: Bryan McCormick

[ask2lern]

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

Fed, credit reports top calendar
September 8, 2010 Wed 6:02 AM CT


The week's economic news is heaviest today, with a host of reports ready to hit the tape covering housing, retail, consumer credit, and general economic outlook.

The big reports of the day are likely to be the Fed's Beige Book and Consumer Credit. Traders will be parsing the Beige Book looking for signs of economic improvement. Consumer Credit will provide insight into whether consumers are ready to spend or have continued to pay down their debt instead.

MBA Purchase Applications will be reported at 7 a.m. ET. Traders tend to focus on the purchases component of the mortgage report, as this indicates new activity. Refinancing is likely to be active given low interest rates.

Purchases last week came in at 173.6. A reading higher or lower by 5 percent or more would be bullish or bearish, respectively.

The SPDR S&P Homebuilders, Financial Select Sector SPDR, iShares Dow Jones U.S. Homebuilders, and iShares Dow Jones U.S. Real Estate, along with their underlying, could be active on this report.

The ICSC-Goldman Store Sales report will be released at 7:45 a.m. ET. There are two components to the report, the week-over-week and the year-over-year changes. Most traders focus on the year-over-year reading, which makes for clearer comparisons.

The last week-over-week change came in at a gain of 0.1 percent. The year-over-year data in the previous report showed a gain of 2.8 percent. Stronger-than-expected positive numbers would be seen as bullish, while negative numbers would be bearish.

Redbook Store Sales will be reported at 8:55 a.m. ET. There are two parts to the report, the month-over-month and the year-over-year comparisons. As with the ICSC release, most traders focus on the year-over-year numbers.

The last month-over-month change showed a gain of 1 percent. The previous report's year-over-year data showed a gain of 3 percent. Negative numbers in either series would be bearish.

The Census Bureau quarterly services survey will be released at 10 a.m. ET. It isn't clear how much impact the report will have, but in the absence of other news items this data may grab attention.

The businesses included in the survey cover a broad range from information services to health care. Since the ISM survey was a disappointment last week, traders may be looking for compares in the report.

The Federal Reserve will release it anecdotal survey of the economy, the Beige Book, at 2 p.m. ET. It generally takes several minutes for traders to digest the report fully. What they will be looking for are any new indications of strength in the economy, with fewer weak spots than seen in the last report. The potential for large market swings at the time of the release is high.

Consumer Credit will be reported at 3 p.m. ET. Most economists expect to see a further contraction of credit, to the tune of -$3.8 billion. There is a very wide range of values forecast for the report, from a bearish -$7 billion at the low to zero at the high.

A larger-than-expected negative value, indicating a larger-than-expected contraction, would be the most bearish outcome. A smaller-than-consensus contraction would be bullish. A reading of flat would be extremely bullish.

By: Bryan McCormick

[abdogman]

Good Morning Gang.........Kryptos and Ask thx for nmbrs and info


GLTA......back for the open

[abdogman]

xlf 14.25 on 1m and resting right on PP

[abdogman]

xlf 14.27 on 1m
macd pos on 1m xlf fas

[ccash04]

X and FCX doing quite well, along with TLT getting below 105 support.

[ccash04]

MOS also looks good, possible b/o out of a bull flag today.

[Rich]

mgm up 3.5%, just under 10

[ccash04]

MU you son of a bitch.. Semis not doing so hot but that can change.

[abdogman]

xlf 14.28 on 1m

[ccash04]

I don't understand NFLX.. up over 10% in 4 trading days and making new highs... they have such crappy videos online and you can only get the good dvds through mail..

[abdogman]

BB's just starting to curl in on 1m xlf fas faz
macd rolling to 0/0
iwm right at 200dma on 5m not complete yet
xlf 14.30 on 1m

[abdogman]

iwm dropping some backed off from 200dma
xlf 14.29 on 1m

macd justs went neg on xlf fas on 1m

[abdogman]

BB's narrowing on uup 1m

[cosmic]

Sept 8, 2010 8:47:58 GMT -5 ccash04 said:

I don't understand NFLX.. up over 10% in 4 trading days and making new highs... they have such crappy videos online and you can only get the good dvds through mail..

Well, it's NFLX vs. Fanboys in this market.

Agreed that NFLX currently has a lousy offering on the download side. It's one of the things that has kept me from dumping my dish. If, between NFLX, Hulu, and a few others, we get past this current hurdle, they'll invalidate paid-for cable, and they should.

Cable used to be an alternative to commercial broadcast TV, and originally was designed to have fewer commercials, because content was being paid for by subscribers.

And we let it go. We let them do exactly what they said they wouldn't do.

So now you pay to be advertised to.

Screw 'em.

[abdogman]

xlf 14.33 on 1m
macd back pos now on xlf fas 1m
BB's narrow on 1m xlf fas faz

[ccash04]

I understand too that they are making deals with studios and also on the downstream end with apple among others to distribute content in a number of ways.. Certainly they look well positioned but valuations have to catch up at some point. I guess it could be the same way of thinking in valuing the cloud stocks. (This is assuming this market at all cares about valuations & price discovery, a big assumption).

[jack]

FAS topping tail?

[jack]

BBs tightening on the VIX w/ it heading lower now widening DOWN DIE BABY DIE YOU X%$***

Now a b/t 3mins ago and heading back up riding the top of the BB.

[abdogman]

macd neg last 3 min on 1m xlf fas
xlf 14.32 on 1m and BB's still narrow

[jack]

FAS doji last 10min right on the R1...good prob that we rev down hold yer nose gang and keep kickin'!

[abdogman]

xlf 14.35 on 1m
macd 00 on 1m xlf fas faz

[jack]

Parabolic SAR now ABOVE the 1min XLF...macd's neg...OBV, however, off the frickin' chart

[jack]

UUP in the crapper

Roubini apparently recently reco'd it lmao

[jack]

FAS doodling around the 50MA on the 10min chart

[brosin]

Morning PPDTers - I'll get us some daily reading today, mainly because I need to do some!

Fed Funds bullish move to .20% - jives well with what I saw in futures, although I don't know what the market is at right now. Time to look

[jack]

GS & JPM riding tops of their BBs

[jack]

Sept 8, 2010 9:26:48 GMT -5 jack said:

GS & JPM riding tops of their BBs

Bottoming tails in the local cathouse

(Whoever it was that threw me an exalt "Thanks!" ;D )