PPDT - PP-XLF = 14.33 - 9/09 Thursday

[kryptos2009]

Here is the PP Daily Thread (PPDT) data.


XLF PP=14.33
MP=14.38 R1=14.43 MP=14.48 R2=14.53 MP=14.63 R3=14.73 MP=14.83 R4=14.93
MP=14.28 S1=14.23 MP=14.18 S2=14.13 MP=14.03 S3=13.93 MP=13.83 S4=13.73
O=14.24 H=14.43 L=14.23 C=14.33

FAS PP=20.77
MP=20.93 R1=21.09 MP=21.28 R2=21.46 MP=21.80 R3=22.15 MP=22.49 R4=22.84
MP=20.59 S1=20.40 MP=20.24 S2=20.08 MP=19.73 S3=19.39 MP=19.04 S4=18.70
O=20.5 H=21.13 L=20.44 C=20.73

FAZ PP=14.11
MP=14.24 R1=14.36 MP=14.49 R2=14.61 MP=14.86 R3=15.11 MP=15.36 R4=15.61
MP=13.99 S1=13.86 MP=13.74 S2=13.61 MP=13.36 S3=13.11 MP=12.86 S4=12.61
O=14.31 H=14.35 L=13.85 C=14.12

SPY PP=110.36
MP=110.63 R1=110.90 MP=111.15 R2=111.40 MP=111.92 R3=112.44 MP=112.96 R4=113.48
MP=110.11 S1=109.86 MP=109.59 S2=109.32 MP=108.80 S3=108.28 MP=107.76 S4=107.24
O=109.86 H=110.85 L=109.81 C=110.41

SPG PP=94.91
MP=95.21 R1=95.51 MP=95.81 R2=96.10 MP=96.70 R3=97.29 MP=97.89 R4=98.48
MP=94.62 S1=94.32 MP=94.02 S2=93.72 MP=93.13 S3=92.53 MP=91.94 S4=91.34
O=94.86 H=95.51 L=94.32 C=94.91

GS PP=147.52
MP=148.60 R1=149.68 MP=150.75 R2=151.82 MP=153.97 R3=156.12 MP=158.27 R4=160.42
MP=146.45 S1=145.38 MP=144.30 S2=143.22 MP=141.07 S3=138.92 MP=136.77 S4=134.62
O=145.38 H=149.66 L=145.36 C=147.54

JPM PP=38.96
MP=39.28 R1=39.59 MP=39.82 R2=40.05 MP=40.60 R3=41.14 MP=41.69 R4=42.23
MP=38.73 S1=38.50 MP=38.19 S2=37.87 MP=37.33 S3=36.78 MP=36.24 S4=35.69
O=38.34 H=39.43 L=38.34 C=39.12

MS PP=25.99
MP=26.10 R1=26.21 MP=26.33 R2=26.44 MP=26.67 R3=26.89 MP=27.12 R4=27.34
MP=25.88 S1=25.76 MP=25.65 S2=25.54 MP=25.32 S3=25.09 MP=24.87 S4=24.64
O=25.82 H=26.23 L=25.78 C=25.97

C PP=3.84
MP=3.85 R1=3.86 MP=3.87 R2=3.87 MP=3.89 R3=3.90 MP=3.92 R4=3.93
MP=3.84 S1=3.83 MP=3.82 S2=3.81 MP=3.80 S3=3.78 MP=3.77 S4=3.75
O=3.85 H=3.86 L=3.83 C=3.84

VIX PP=23.24
MP=23.41 R1=23.57 MP=23.73 R2=23.88 MP=24.20 R3=24.52 MP=24.84 R4=25.16
MP=23.09 S1=22.93 MP=22.77 S2=22.60 MP=22.28 S3=21.96 MP=21.64 S4=21.32
O=23.51 H=23.56 L=22.92 C=23.25

UUP PP=23.95
MP=23.98 R1=24.01 MP=24.03 R2=24.05 MP=24.10 R3=24.15 MP=24.20 R4=24.25
MP=23.93 S1=23.91 MP=23.88 S2=23.85 MP=23.80 S3=23.75 MP=23.70 S4=23.65
O=24 H=24 L=23.9 C=23.96

FROM: www.econoday.com

Economic Events & Analysis - 9/09/2010 Thursday


8:30 AM ET International Trade

Released on 9/9/2010 8:30:00 AM For Jul, 2010
Prior Consensus Consensus Range
Trade Balance Level $-49.9 B $-46.8 B $-53.4 B to $-43.0 B

Market Consensus Before Announcement
The U.S. international trade gap in June spiked to $49.9 billion from $42.0 billion in May. Exports fell 1.3 percent, following a 2.5 percent gain in May. Overall imports advanced 3.0 percent in June after rising 2.8 percent the month before. The widening of the trade gap was primarily in non-oil. The nonpetroleum deficit widened to $40.0 billion in June from $32.2 billion the prior month. The petroleum goods gap, however, narrowed to $21.2 billion from $21.5 billion in May.


8:30 AM ET Jobless Claims

Released on 9/9/2010 8:30:00 AM For wk9/4, 2010
Prior Consensus Consensus Range
New Claims - Level 472 K 470 K 465 K to 480 K

Market Consensus Before Announcement
Initial jobless claims for the August 28 week declined 6,000 to 472,000 from a revised 478,000 in the prior week. The numbers are still high but still notably below the 2010 peak of 504,000 the week before that. Continuing claims fell 23,000 to 4.456 million in data for the August 21 week. The decline in continuing claims reflects both hiring and unfortunately also the expiration of benefits.


10:30 AM ET EIA Natural Gas Report
11:00 AM ET EIA Petroleum Status Report
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
1:00 PM ET 30-Yr Bond Auction
4:30 PM ET Fed Balance Sheet
4:30 PM ET Money Supply



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.

[jack]

Exalt to Krypt for "Sustained Superior Performance"

Thanks

[kryptos2009]

Thanks Jack

[ask2lern]

Thanks for the info Kryptos +1 ……….Here are the pivots……….…hope everyone has a great day …………………GLTA


GOLD

R4 1289.53
midpoint 1284.18
R3 1278.83
midpoint 1273.48
R2 1268.13
Midpoint 1265.15
R1 1262.17
midpoint 1259.80

PP 1257.43

midpoint 1254.45
S1 1251.47
midpoint 1249.10
S2 1246.73
midpoint 1241.38
S3 1236.03
midpoint 1230.68
S4 1225.33

SILVER

R4 20.92
midpoint 20.77
R3 20.61
midpoint 20.46
R2 20.30
midpoint 20.21
R1 20.11
midpoint 20.05

PP 19.99

midpoint 19.90
S1 19.80
midpoint 19.74
S2 19.68
midpoint 19.53
S3 19.37
midpoint 19.22
S4 19.06

IMW

R3 64.68
R2 64.34
R1 63.91

PP 63.57

S1 63.14
S2 62.80
S3 62.37



TNA

R4 43.50
midpoint 42.81
R3 42.12
midpoint 41.43
R2 40.74
midpoint 40.36
R1 39.98
midpoint 38.67

PP 39.36

midpoint 38.98
S1 38.60
midpoint 38.29
S2 37.98
midpoint 37.29
S3 36.60
midpoint 35.91
S4 32.22

TZA

R4 35.74
Midpoint 35.14
R3 34.54
midpoint 33.94
R2 34.34
midpoint 33.07
R1 32.79
midpoint 32.47

PP 32.14

midpoint 31.87
S1 31.59
midpoint 31.27
S2 30.94
midpoint 30.34
S3 29.74
midpoint 29.14
S4 28.54

SDS

R3 33.02
R2 32.73
R1 32.41

PP 32.12

S1 31.80
S2 31.51
S3 31.19

………………………..GLTA

[ask2lern]

From http://www.optionmonster.com........................GL

Indexes stuck at pivotal juncture
September 9, 2010 Thu 6:08 AM CT


The markets yesterday recovered most of their losses from Tuesday's session. As a result, we are right back to where we came in Tuesday morning as far as levels are concerned.

What is particularly striking about the tightness of the index ranges is their contrast to the trading in individual names. Some stocks saw extreme price swings yesterday in both directions, but they are tending to cancel one another out in aggregate. That has left the indexes trading in a narrow range, unable to break up or down.

(Tomorrow I will examine what is going on under the hood. When names are turbulent and indexes are calm, there is often something important that is hidden from plain sight.)

Nevertheless, index levels are notching back up toward the higher end of their trading ranges, and positive economic news today could push them further. Poor reports could well leave the indexes back below the middle of the multi-month ranges.

The one index that gets more than minor tweaks to levels is the Russell 2000. It continues to lag the other indexes and did not see its typical wide trading range. The RUT remains trapped between its 50- and 200-day moving averages.

Nasdaq 100 (NDX)

First support is at 1863.47, the 200-day moving average. First resistance is at 1896.71.

For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $45.83. First resistance is at $46.72.

S&P 500 (SPX)

First support is at 1090.10. First resistance is at the 200-day moving average, last at 1115.55.

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 627.27, the 50-day moving average. First resistance is at 645.06, the 200-day moving average.

For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $62.74. First resistance is at $64.53.

By: Bryan McCormick

[ask2lern]

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

Jobless Claims lead economic data
September 9, 2010 Thu 6:02 AM CT


The big report of the day is likely to be Jobless Claims at 8:30 a.m. ET. We will also hear about crude oil supplies when the EIA releases its Petroleum Status Report at 11 a.m. ET, delayed a day this week because of the Labor Day holiday.

The consensus estimate for Jobless Claims calls for a very small drop to 470,000 from last week's 472,000. The range of possible values is narrow, with a bullish 460,000 forecast at the low and a bearish 480,000 at the high.

A reading at or above 500,000 would be very bearish. Conversely, a numer below 450,000 would be very bullish. Continuing claims are also expected to show a small drop to 4.45 million, down from last week's 4.456 million.

International Trade will also be reported at 8:30 a.m. ET. The trade gap is expected to show a small improvement from last month. Consensus calls for a gap of -$47.3 billion, down from -$49.9 billion.

The range of forecasts is wide, from a bearish -$52 billion to a more bullish -$43 billion. A smaller gap than -$43 billion would be particularly bullish.

The EIA Petroleum Status Report is due at 11 a.m. ET. A competing report from the American Petroleum Institute was release after the market closed yesterday.

The API statistics showed a very large draw of -7.3 million barrels. A small build of 0.9 million barrels has been expected. Draws--which are reported as negative numbers--are usually bullish for crude prices, particularly where surprise reductions are concerned.

If the EIA data confirms this large draw, it would likely be bullish for crude. If it reports a reduction that is substantially smaller than what the API reported, or if there is a build instead, that would be bearish for oil.

The API is a private industry group, as opposed to the government-run EIA. The two reports don't always line up for various reasons.

By: Bryan McCormick

[abdogman]

Kryptos and Ask thx for the effort and the nmbrs....much appreciated as always!!!

Good Morning Gang.....Good Luck Today...back for the open!

[abdogman]

xlf 14.56 on 1m and above S2

[abdogman]

Weekly Unemployment Claims
9/9/2010 9:25 AM EDT
The market is quite pleased with the weekly unemployment claims but this is an interesting note from Bloomberg: "For the latest reporting week, nine states didn't file claims data to the Labor Department in Washington because of the Labor Day holiday earlier this week, a department official told reporters. California and Virginia estimated their figures and the U.S. government estimated the other seven."

Maybe the states are pretty accurate with their estimates but don't be surprised to see the bears play up this fact.

[jack]

Sept 9, 2010 8:34:28 GMT -5 abdogman said:

xlf 14.56 on 1m and above S2

Morning Rog & kids

...think I'll vote bear more often ;D

Dropdead gorgeous in northern VA - sunny w/ a breeze in the low 60s: not sure if I can stay inside w/ conditions like this.

Haven't even started to fill the gap and we're 10mins into it: looks like its got some legs

[abdogman]

macd on 1m xlf fas just neg now
xlf 14.56 on 1m

[abdogman]

BB's narrowing now on 1m xlf fas faz

[jack]

MVIS started at BUY by Stifel Nicolaus now up 8%

[jack]

JPM riding top[ of BB macdpos but leveling off

[jack]

Sept 9, 2010 8:50:26 GMT -5 jack said:

JPM riding top[ of BB macdpos but leveling off

(I tend to get a little excited on gap up days like this - sorry for the misspelling)

[abdogman]

BB's tight on 1m xlf fas faz
xlf sideways on 1m at 14.566

[jack]

Sept 9, 2010 8:52:17 GMT -5 abdogman said:

BB's tight on 1m xlf fas faz
xlf sideways on 1m at 14.566

Its macd positive last several mins

[abdogman]

1.7 m share spike last min in xlf now at 14.615 on 1m

[abdogman]

BB's narrowing on uup 1m

[jack]

10, 20 & 50MAs on the SPX daily starting to get into bullish alignment...operating word is "starting"

[jack]

JPM on stairway to heaven

GS's macd just went neg and now taking a dive of sorts

[abdogman]

eur drifting down
uup drifting up

xlf 14.575 on 1m

[jack]

Sept 9, 2010 9:09:36 GMT -5 jack said:

JPM on stairway to heaven

GS's macd just went neg and now taking a dive of sorts

JPM just slipped a rung w/ macd's rolling over and OBV off hod

[brosin]

Morning guys - just getting started a little late today.

Sorry no reading again; I will get right on it.

I was up later than I had hoped working on getting my IRA spreadsheet completed (had wanted to do it for awhile); it is finally done though if anyone wants to take a look:

Aug 15, 2010 18:43:40 GMT -5 brosin said:

**The basis for my IRA strategy is that I find companies that I believe have unlimited potential in the next decade or so. It was more luck than anything else, but my $1000 in a new IPO for CME made me over 1500% as the first stock I ever bought**


Spreadsheet is completed

IRA HOLDINGS

[jack]

XLFs macd-h (haven't used that in awhile but I'm graspin' for straws) just reversed positively 3mins ago on the 1min

[jack]

SPYs OBV on the 5min in the toilet but still high on the daily

[jack]

Can this be a 3- 10min red candle FAS pullback and then a resumption of an upward grind. For all my fellow bear FAStopians:

"Muahahahahahahahahaha!"

[abdogman]

Sept 9, 2010 9:17:01 GMT -5 brosin said:

Morning guys - just getting started a little late today.

Sorry no reading again; I will get right on it.

I was up later than I had hoped working on getting my IRA spreadsheet completed (had wanted to do it for awhile); it is finally done though if anyone wants to take a look:

Aug 15, 2010 18:43:40 GMT -5 brosin said:

**The basis for my IRA strategy is that I find companies that I believe have unlimited potential in the next decade or so. It was more luck than anything else, but my $1000 in a new IPO for CME made me over 1500% as the first stock I ever bought**


Spreadsheet is completed

IRA HOLDINGS

Green bottom ....Good!!!!!

sure beats the alternative

[abdogman]

BB's narrowing slowly on 1m xlf fas faz
xlf stilllllllllllllllll.....14.58 on 1m

[jack]

"XLFs macd's coming about," said Capt Kirk to Chekov

"BBs tightening on the SPY 5min something's about to break wide open we are on the verge of a hairy breakthrough!!!" he said with a smile on his face.

;D