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Post by ask2lern on Jan 3, 2011 7:04:58 GMT -5
Morning Gang!! here are the pivots……….…hope everyone has a great day ……GLTA
SPY
R3 126.73
R2 126.19
R1 125.97
PP 125.65
S1 125.43
S2 125.11
S3 124.57
XLF
R3 16.13
R2 16.03
R1 15.99
PP 15.93
S1 15.89
S2 15.83
S3 15.73
GOLD
R3 1443.43
R2 1430.93
R1 1426.77
PP 1418.43
S1 1414.27
S2 1405.93
S3 1393.43
SILVER
R3 31.65
R2 31.24
R1 31.08
PP 30.83
S1 30.67
S2 30.42
S3 30.01
IWM
R3 79.85
R2 79.14
R1 78.69
PP 78.43
S1 77.98
S2 77.72
S3 77.01
TNA
R3 77.01
R2 75.01
R1 73.72
PP 73.01
S1 71.72
S2 71.07
S3 69.01
TZA
R3 16.33
R2 15.92
R1 15.77
PP 15.51
S1 15.36
S2 15.10
S3 14.69
SDS
R3 24.24
R2 24.03
R1 23.90
PP 23.82
S1 23.69
S2 23.61
S3 23.40
………………………..GLTA
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Post by ask2lern on Jan 3, 2011 7:29:07 GMT -5
From www.optionmonster.com ................................GLTA Russell 2000 below 10-day averageJanuary 3, 2011 Mon 6:16 AM CT The indexes closed the year out with another largely uneventful session. The Nasdaq 100 and the S&P 500 came very close to hitting support at the lows of the day on Friday, but both bounced back to end near the middle of their ranges. The Russell 2000 was under distinctly more pressure and broke its 10-day moving average, last at 787.73. The Nasdaq 100 and the Russell 2000 appear as if they could roll over at this stage. Given the intensity of bullish sentiment, a drop to the 50-day moving average might be as far as a corrective move could get. Breaks of current support levels on a closing basis might be needed as confirmation that a shift to bearish sentiment has begun. Nasdaq 100 (NDX)First support is at 2208.80. First resistance is at 2239.23, the 2007 peak. For the NASDAQ 100 Index Tracking Stock (QQQQ) first support is at $54.21. First resistance is at $55.07. S&P 500 (SPX)First support is at 1255.26, the 10-day moving average. First resistance is at 1268.66. For the Standard and Poor's Depository Receipts (SPY) first support is at $125.45. First resistance is at $127.36. Russell 2000 (RUT)First support is at 770.51. First resistance is at 799.57. For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $77.21. First resistance is at $79.84. By: Bryan McCormick |
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Post by ask2lern on Jan 3, 2011 7:30:09 GMT -5
From www.optionmonster.com ...........................GLTA Manufacturing, contruction data dueJanuary 3, 2011 Mon 6:13 AM CT The New Year gets off to a relatively slow start with two reports, both at 10 a.m. ET. Of the two, the ISM Manufacturing Index is likely to grab traders' attention. The results of that report will affect sectors such as energy, materials, and the industrials. The ISM is forecast to come in at 56.9, a very small increase from the previous month's 56.6. The range is fairly narrow, from a bearish 55 to a very bullish 58.8. A number that breaks either end of the range will have a larger market impact. The other report, Construction Spending, is expected to show nearly flat growth of 0.2 percent. The range is relatively wide, with a bearish -1 percent to a more bullish 0.8 percent. By: Bryan McCormick |
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Post by abdogman on Jan 3, 2011 8:01:58 GMT -5
Good Morning Gang....Ask thx for nmbrs and info .....GLTA!..back for the open
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Post by ccash04 on Jan 3, 2011 9:00:02 GMT -5
from Cobra:
"SHORT-TERM: NO IDEA ABOUT THE NEXT WEEK, BUT A TOP OF SOME KIND COULD BE WITHIN THE NEXT 2 WEEKS
No idea about bear or bull the next week. However, my best guess is a top of some kind is within the next 2 weeks.
Three reasons:
•Time analysis. See intermediate-term session below, maintain pivot date around 01/05 to 01/12.
•See chart below for what happened with very low ATR readings (equivalent to very low volatility)? Now we have the lowest ATR(10) readings in 13 years (which means the volatility most likely can only go up and as all you have known an up volatility usually means a down price).
•A huge up the next week would not only mean that SPX is then too far away from its MA(200), but also could trigger 2 short setup that had above 70% winning rate (see 11/05 Market Recap for those 2 setups). So in another word, at the most, the market could be up another week, the next next week would not be very pleasant.
One thing I want your attention though. I’m not sure if it’s because of my market recap, looks like the majority of people attending my forum are expecting a 5%+ pullback in January (The survey is in Chinese, but I happen to know some English, so I did a little translation, you’ll need just read the annotation boxes). Does this mean that retailers are way too bullish, therefore there won’t be any pullback? Well, we’ll have to wait and see. Simply from AAII and II, retailers are very bullish, so whether the people in my forum are “no ordinary retailers” or not, we’ll have to wait until the January ends. LOL. By the way, the past survey shows that those “no ordinary retailers” were mostly correct. I’m not sure about this time though, looks too bearish even to me. Or am I too bullish?
INTERMEDIATE-TERM: COULD BE WAVE 5 UP TO SPX 1300+, PIVOT TOP COULD BE AROUND 01/05 TO 01/12
In 12/17 Market Recap, I’ve tried to talk you into believing the next pivot date is around 01/05 to 01/12. I’d like to update all the reasons again here. The VIX reason is retired (VIX does up as expected but price not down) but I managed to find 2 other reasons.
Why 01/05?
•Counting 28 trading days from the TED Spread top happens to be on 01/05. And are there any other factors that makes 01/05 so special? Well, remember the Magic Day 6? See Gann Day table below, since year 2000, there’re at least 2 pivot dates around 01/05.
•01/07 is Non Farm Payroll day which according to the chart below is most likely a pivot day. The most recent example is 11/05.
Why 01/12?
•The most important reason is from chart 8.2.9c QQQQ – 2002 to 8.2.9k QQQQ – 2010, check by yourself in my public chart list, starting from the 8th trading day in January (which is 01/12) until the end of the month, QQQQ has been bearish since year 2002 without exception.
•From 08/27 bottom to 11/05 high, SPX up 49 trading day, so 49 * Fib 61.8% = 30, adding from 11/29 bottom, what we get then happens to be on 01/11.
SEASONALITY: BULLISH TUESDAY, JANUARY’S 1ST 5 DAYS IS AN EARLY WARNING SYSTEM
According to Stock Trader’s Almanac:
1.Second trading day of the year, Dow up 12 of last 17. Also Santa Rally ends on the day.
2.January’s first five day is an early warning system. The last 37 up first five days were followed by full-year gains 32 times, for an 86.5% accuracy ratio and a 14.0% average gain in all 37 years.
The chart below is from Sentimentrader and the statistics above January is from Schaeffer which says the whole January in the last 10 years was a little negative."
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Post by kryptos2009 on Jan 3, 2011 9:18:04 GMT -5
Here is the PP Daily Thread (PPDT) data. XLF PP=15.93 MP=15.96 R1=15.99 MP=16.01 R2=16.03 MP=16.08 R3=16.13 MP=16.18 R4=16.23 MP=15.91 S1=15.89 MP=15.86 S2=15.83 MP=15.78 S3=15.73 MP=15.68 S4=15.63 O=15.89 H=15.97 L=15.87 C=15.95 FAS PP=27.77 MP=27.90 R1=28.02 MP=28.11 R2=28.20 MP=28.42 R3=28.63 MP=28.85 R4=29.06 MP=27.68 S1=27.59 MP=27.47 S2=27.34 MP=27.13 S3=26.91 MP=26.70 S4=26.48 O=27.57 H=27.95 L=27.52 C=27.84 FAZ PP=9.47 MP=9.51 R1=9.54 MP=9.59 R2=9.63 MP=9.71 R3=9.79 MP=9.87 R4=9.95 MP=9.43 S1=9.38 MP=9.35 S2=9.31 MP=9.23 S3=9.15 MP=9.07 S4=8.99 O=9.55 H=9.56 L=9.4 C=9.45 SPY PP=125.65 MP=125.81 R1=125.97 MP=126.08 R2=126.19 MP=126.46 R3=126.73 MP=127.00 R4=127.27 MP=125.54 S1=125.43 MP=125.27 S2=125.11 MP=124.84 S3=124.57 MP=124.30 S4=124.03 O=125.53 H=125.87 L=125.33 C=125.75 SPG PP=99.68 MP=99.89 R1=100.10 MP=100.40 R2=100.70 MP=101.21 R3=101.72 MP=102.23 R4=102.74 MP=99.38 S1=99.08 MP=98.87 S2=98.66 MP=98.15 S3=97.64 MP=97.13 S4=96.62 O=99.5 H=100.29 L=99.27 C=99.49 GS PP=167.99 MP=168.48 R1=168.97 MP=169.38 R2=169.78 MP=170.68 R3=171.57 MP=172.47 R4=173.36 MP=167.59 S1=167.18 MP=166.69 S2=166.20 MP=165.31 S3=164.41 MP=163.52 S4=162.62 O=167.58 H=168.8 L=167.01 C=168.16 JPM PP=42.30 MP=42.44 R1=42.57 MP=42.64 R2=42.71 MP=42.92 R3=43.12 MP=43.33 R4=43.53 MP=42.23 S1=42.16 MP=42.03 S2=41.89 MP=41.69 S3=41.48 MP=41.28 S4=41.07 O=42.11 H=42.45 L=42.04 C=42.42 MS PP=27.22 MP=27.28 R1=27.33 MP=27.39 R2=27.44 MP=27.55 R3=27.66 MP=27.77 R4=27.88 MP=27.17 S1=27.11 MP=27.06 S2=27.00 MP=26.89 S3=26.78 MP=26.67 S4=26.56 O=27.22 H=27.34 L=27.12 C=27.21 C PP=4.74 MP=4.75 R1=4.75 MP=4.77 R2=4.78 MP=4.80 R3=4.82 MP=4.84 R4=4.86 MP=4.73 S1=4.71 MP=4.71 S2=4.70 MP=4.68 S3=4.66 MP=4.64 S4=4.62 O=4.75 H=4.76 L=4.72 C=4.73 VIX PP=17.88 MP=17.94 R1=18.00 MP=18.13 R2=18.26 MP=18.45 R3=18.64 MP=18.83 R4=19.02 MP=17.75 S1=17.62 MP=17.56 S2=17.50 MP=17.31 S3=17.12 MP=16.93 S4=16.74 O=17.91 H=18.13 L=17.75 C=17.75 UUP PP=22.74 MP=22.76 R1=22.77 MP=22.81 R2=22.84 MP=22.89 R3=22.94 MP=22.99 R4=23.04 MP=22.71 S1=22.67 MP=22.66 S2=22.64 MP=22.59 S3=22.54 MP=22.49 S4=22.44 O=22.8 H=22.8 L=22.7 C=22.71 FROM: www.econoday.comEconomic Events & Analysis - 1/03/2011 Monday10:00 AM ET ISM Mfg Index 10:00 AM ET Construction Spending 11:00 AM ET 4-Week Bill Announcement 11:30 AM ET 3-Month Bill Auction 11:30 AM ET 6-Month Bill Auction 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 deadmoney95 on Jan 3, 2011 9:24:21 GMT -5
Good morning everyone, and happy new year! Vacation's over, I guess.
Carl F:
March S&P E-mini Futures: Today's range estimate is 1255-1265. Short term support remains at 1237. I think a top building process is underway and will be followed by a drop of 50-75 points. Once it is complete the market will resume its advance to 1300.
Caldaro:
Support remains at 1240 and then 1222, with resistance at 1261 and then 1291. Short term momentum displayed a slight positive divergence at friday’s low and then turned higher. Once the SPX closes above the 1261 pivot and clears its seven point range, the market should be heading to the next pivot at 1291. After that we’ll just have to decipher these smaller waves in an attempt to determine the end of this uptrend.
Intermediate wave five has been unfolding in five Minor waves: Minor wave 1 SPX 1247, Minor wave 2 SPX 1233, and Minor wave 3 currently underway. We have also labeled a potential Minute wave one and Minute wave two, of Minor wave 3, on the SPX hourly chart. Minor wave 3 is subdividing into the typical five Minute waves. As you can observe, during bull markets, each uptrend (significant wave) subdivides into five waves of a lesser degree. This is the Elliott Wave, the collective market psychology in action. It certainly is quite amazing to follow!
Overhead resistance remains at the 1261 pivot then 1291 beyond that. Short term support is in the mid-1250′s and then the 1240 and 1222 pivots after that. Should the market drop down to the 1240 pivot our short term count is in question. Should the market drop down to the 1222 pivot this uptrend is likely over. Best to your trading!
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Post by abdogman on Jan 3, 2011 9:33:32 GMT -5
xlf 16.17 on 1m
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Post by abdogman on Jan 3, 2011 9:36:10 GMT -5
macd on 1m iyr drn is +
macd on 1m xlf fas is +
xlf 16.19
fas 28.98
iyr 56.41
drn 58.27
on 1m
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Post by abdogman on Jan 3, 2011 9:41:17 GMT -5
xlf 16.20
fas 28.99
iyr 56.33
drn 58.05
on 1m
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Post by ccash04 on Jan 3, 2011 9:42:09 GMT -5
short CRM, very tight stop.
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Post by abdogman on Jan 3, 2011 9:44:42 GMT -5
macd on iyr is neg now for last 2 m's on 1m
macd on drn moving toward 0/0 from +
macd still + on xlf fas
xlf 16.2101
fas 29.08
iyr 56.34
drn 58.07
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Post by abdogman on Jan 3, 2011 9:48:39 GMT -5
BB's narrowing considerably on iyr
macd still neg on above
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Post by abdogman on Jan 3, 2011 9:50:44 GMT -5
BB's narrowing on 1m drn now also
macd on iyr drn still neg
macd on xlf fas still +
above on 1m
xlf 16.23
fas 29.14
iyr 56.36
drn 58.102
on 1m
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Post by abdogman on Jan 3, 2011 9:52:45 GMT -5
macd on xlf fas on 1m moving toward 0/0 from +
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Post by jack on Jan 3, 2011 9:55:23 GMT -5
BB's narrowing on 1m drn now also macd on iyr drn still neg macd on xlf fas still + above on 1m xlf 16.23 fas 29.14 iyr 56.36 drn 58.102 on 1m btw ACTC's up +25% on FDA news (TSX, however) is closed today) ;D |
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Post by abdogman on Jan 3, 2011 10:01:04 GMT -5
1000EDT
Dec. ISM Index 57.0 vs. 57.3 Briefing.com consensus; prior 56.6
Nov. Construction Spending MoM +0.4% vs. +0.2% Briefing.com consensus
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Post by abdogman on Jan 3, 2011 10:02:34 GMT -5
macd neg now on 1m xlf fas
macd still neg on 1m iyr drn
xlf 16.24
fas 29.18
iyr 56.41
drn 58.34
on 1m
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Post by cosmic on Jan 3, 2011 10:04:22 GMT -5
Low TRIN (ridiculously so) and Red TICK. What are we supposed to do?!? lol
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Post by jack on Jan 3, 2011 10:08:05 GMT -5
BB's narrowing on 1m drn now also macd on iyr drn still neg macd on xlf fas still + above on 1m xlf 16.23 fas 29.14 iyr 56.36 drn 58.102 on 1m btw ACTC's up +25% on FDA news (TSX, however) is closed today) ;D Now only half that  |
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Post by abdogman on Jan 3, 2011 10:08:34 GMT -5
macd now + on 1m iyr drn
macd neg on 1m xlf fas
xlf 16.23
fas 29.16
iyr 56.44
drn 58.494
on 1m
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Post by abdogman on Jan 3, 2011 10:16:40 GMT -5
xlf 16.23
fas 29.17
iyr 56.60
drn 59.00
on 1m
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Post by abdogman on Jan 3, 2011 10:19:22 GMT -5
macd on 1m xlf and fas at 0/0 moving toward +
macd on 1m iyr drn still +
xlf 16.25
fas 29.25
iyr 56.68
drn 59.21
on 1m
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Post by abdogman on Jan 3, 2011 10:28:08 GMT -5
macd neg on 1m iyr drn xlf fas
PPS sideways since last post
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Post by abdogman on Jan 3, 2011 10:33:08 GMT -5
BB's narrowing on 1m iyr drn
macd on 1m iyr drn xlf fas still neg
PPS sideways since last posted
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Post by abdogman on Jan 3, 2011 10:48:07 GMT -5
macd + on 1m xlf fas
macd neg but moving toward 0/0 on iyr drn
xlf 16.255
fas 29.30
iyr 56.69
drn 59.27
on 1m
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Post by abdogman on Jan 3, 2011 10:51:51 GMT -5
xlf 16.28
fas 29.35
iyr 56.72
drn 59.40
on 1m
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Post by abdogman on Jan 3, 2011 11:01:53 GMT -5
macd neg now on 1m iyr drn and nearing 0/0 from + on 1m xlf fas
PPS sideways since last posted
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Post by abdogman on Jan 3, 2011 11:13:44 GMT -5
macd neg on 1m iyr drn xlf fas
PPS still sideways
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Post by ccash04 on Jan 3, 2011 11:27:08 GMT -5
POMO results:
Operation Date: 01/03/2011
Operation Type: Outright Coupon Purchase
Release Time: 10:15 AM
Close Time: 11:00 AM
Settlement Date: 01/04/2011
Maturity/Call Date Range: 02/15/2018 - 08/15/2020
Total Par Amt Accepted (mlns) : $7,790
Total Par Amt Submitted (mlns) : $17,004
2.18 submitted to accepted ratio
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