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Post by ask2lern on Jul 20, 2011 6:02:08 GMT -5
Good Morning Gang Here are the pivots……….…hope everyone has a great day ……GLTA
GOLD R3 1640.80 R2 1616.60 R1 1603.20
PP 1592.40
S1 1579.00 S2 1568.20 S3 1544.00
SILVER
R3 43.52 R2 41.46 R1 40.28
PP 39.40
S1 38.22 S2 37.34 S3 35.28
IWM
R3 85.43 R2 84.20 R1 83.76
PP 82.97
S1 82.53 S2 81.74 S3 80.51
TNA
R3 89.52 R2 85.96 R1 84.73
PP 82.40
S1 81.17 S2 78.84 S3 75.28
TZA
R3 36.94 R2 35.32 R1 34.28
PP 33.70
S1 32.66 S2 32.08 S3 30.46
SDS
R3 21.45 R2 20.95 R1 20.63
PP 20.45
S1 20.13 S2 19.95 S3 19.45
SSO
R3 55.54 R2 54.30 R1 53.84
PP 53.06
S1 52.60 S2 51.82 S3 50.58
…………………………..GLTA
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Post by ask2lern on Jul 20, 2011 6:05:02 GMT -5
From www.optionmonster.com .......................GLTA Indexes see classic reversal higherThe indexes had a big upside session yesterday, going out very near the highs, with technology and energy stocks as the standouts. In many respects this was a classic reversal day, which has been common in previous Tuesdays. The difference this time was that the move was fueled by earnings enthusiasm and by hopes of a compromise solution to the debt-ceiling problem. The Nasdaq 100 and the Russell 2000 broadly outperformed the S&P 500, which continues to operate under the burden of weak financial stocks such as Goldman Sachs and Bank of America. The S&P's levels therefore have not changed, other than to have support rolled up. For the Nasdaq 100, year-to-date highs are next resistance with support rolled up to its 10-day moving average. Apple's blowout earnings report was already pushing futures higher overnight. The Russell 2000 levels remain as they were for now as it has more work to do technically. Nasdaq 100 (NDX)First support is at 2367.95, its 10-day moving average. First resistance is at 2418.99, the year-to-date high. For the PowerShares QQQ (QQQ) first support is at $58.11, its 10-day moving average. First resistance is at $59.36, the year-to-date high. S&P 500 (SPX)First support is at 1312.12, its 50-day moving average. First resistance is at 1334.62. For the SPDR S&P 500 (SPY) first support is at $131.41, its 50-day moving average. First resistance is at $133.87. Russell 2000 (RUT)First support is at 809.82. First resistance is at 841.61. For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $80.77. First resistance is at $84.23.
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Post by ask2lern on Jul 20, 2011 6:06:34 GMT -5
From www.optionmonster.com ......................GLTA Home sales, oil supplies on calendarThere are two housing reports and one energy release on today's economic calendar. At 7 a.m. ET the regular weekly MBA Purchase Applications data will be reported. I look only at the purchases component of the mortgage report because it indicates fresh economic activity, as opposed to refinancing. There is no forecast for this report, but last week's purchases came in at 183.9. A number higher by 5 percent or more would be bullish. If purchases come in lower by the same percentage it would be bearish. Existing Home Sales data comes out at 10 a.m. ET. The consensus is for a rise to 4.9 million units, up from the previous month's 4.81 million. The range of forecasts is wide, from a bearish 4.5 million to a bullish 5.2 million. The EIA Petroleum Status Report will be released at 10:30 a.m. ET. Before the EIA data comes out, the American Petroleum Institute issues a competing report based on its own supply data. The forecast for both reports was for a draw of -1.7 million barrels. But the API release, which came out last night after the market closed, showed a much larger draw of -5.179 million barrels instead. If the EIA data confirms this draw or shows an even larger one, it could be bullish for crude. If instead the draw number is smaller or is a positive number, indicating a build, it could be bearish for oil. 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.
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Post by ask2lern on Jul 20, 2011 6:22:09 GMT -5
CNBC CNBC US mortgage applications jump 15%, biggest increase in 4 months-MBA 7 minutes ago Favorite Retweet Reply
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Post by ask2lern on Jul 20, 2011 6:33:40 GMT -5
Hedgeye As we look at today’s set up for the S&P 500, the range is 33 points or -0.58% downside to 1319 and 1.90% upside to 1352. $SPY Jul. 20 at 6:32 AM • via Twitter
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Post by abdogman on Jul 20, 2011 6:35:54 GMT -5
Good Morning Gang......A2L thx for nmbrs and info ....GLTA....back for the open
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Post by ask2lern on Jul 20, 2011 7:14:50 GMT -5
redliontrader Looking to see if the bulls can follow through. Next target is $ES_F 1340 bit.ly/pVtpA9 Jul. 20 at 7:11 AM • via Twitter Reply Like Flag More
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Post by kryptos2009 on Jul 20, 2011 8:12:42 GMT -5
Good Morning Gang!! Here is the PP Daily Thread (PPDT) data. XLF PP=14.78 MP=14.85 R1=14.92 MP=14.96 R2=15.00 MP=15.11 R3=15.22 MP=15.33 R4=15.44 MP=14.74 S1=14.70 MP=14.63 S2=14.56 MP=14.45 S3=14.34 MP=14.23 S4=14.12 O=14.7 H=14.87 L=14.65 C=14.83 FAS PP=23.27 MP=23.55 R1=23.83 MP=23.99 R2=24.15 MP=24.59 R3=25.03 MP=25.47 R4=25.91 MP=23.11 S1=22.95 MP=22.67 S2=22.39 MP=21.95 S3=21.51 MP=21.07 S4=20.63 O=22.85 H=23.6 L=22.72 C=23.5 FAZ PP=48.32 MP=48.68 R1=49.03 MP=49.64 R2=50.24 MP=51.20 R3=52.16 MP=53.12 R4=54.08 MP=47.72 S1=47.11 MP=46.76 S2=46.40 MP=45.44 S3=44.48 MP=43.52 S4=42.56 O=49.23 H=49.54 L=47.62 C=47.81 SPY PP=132.31 MP=132.81 R1=133.31 MP=133.60 R2=133.89 MP=134.68 R3=135.47 MP=136.26 R4=137.05 MP=132.02 S1=131.73 MP=131.23 S2=130.73 MP=129.94 S3=129.15 MP=128.36 S4=127.57 O=131.34 H=132.89 L=131.31 C=132.73 SPG PP=119.56 MP=120.32 R1=121.08 MP=121.50 R2=121.92 MP=123.10 R3=124.28 MP=125.46 R4=126.64 MP=119.14 S1=118.72 MP=117.96 S2=117.20 MP=116.02 S3=114.84 MP=113.66 S4=112.48 O=118.33 H=120.41 L=118.05 C=120.23 GS PP=127.97 MP=129.21 R1=130.45 MP=131.43 R2=132.40 MP=134.62 R3=136.83 MP=139.05 R4=141.26 MP=127.00 S1=126.02 MP=124.78 S2=123.54 MP=121.33 S3=119.11 MP=116.90 S4=114.68 O=125.73 H=129.93 L=125.5 C=128.49 JPM PP=40.20 MP=40.44 R1=40.68 MP=40.83 R2=40.98 MP=41.37 R3=41.76 MP=42.15 R4=42.54 MP=40.05 S1=39.90 MP=39.66 S2=39.42 MP=39.03 S3=38.64 MP=38.25 S4=37.86 O=39.92 H=40.49 L=39.71 C=40.39 MS PP=20.80 MP=21.03 R1=21.25 MP=21.39 R2=21.52 MP=21.88 R3=22.24 MP=22.60 R4=22.96 MP=20.67 S1=20.53 MP=20.31 S2=20.08 MP=19.72 S3=19.36 MP=19.00 S4=18.64 O=20.39 H=21.07 L=20.35 C=20.98 C PP=37.87 MP=38.10 R1=38.33 MP=38.48 R2=38.63 MP=39.01 R3=39.39 MP=39.77 R4=40.15 MP=37.72 S1=37.57 MP=37.34 S2=37.11 MP=36.73 S3=36.35 MP=35.97 S4=35.59 O=37.83 H=38.18 L=37.42 C=38.02 VIX PP=19.59 MP=19.82 R1=20.05 MP=20.48 R2=20.90 MP=21.55 R3=22.21 MP=22.86 R4=23.52 MP=19.17 S1=18.74 MP=18.51 S2=18.28 MP=17.62 S3=16.97 MP=16.31 S4=15.66 O=20.14 H=20.43 L=19.12 C=19.21 UUP PP=21.42 MP=21.45 R1=21.48 MP=21.51 R2=21.54 MP=21.60 R3=21.66 MP=21.72 R4=21.78 MP=21.39 S1=21.36 MP=21.33 S2=21.30 MP=21.24 S3=21.18 MP=21.12 S4=21.06 O=21.42 H=21.47 L=21.35 C=21.43 FROM: www.econoday.comEconomic Events & Analysis - 07/20/2011 Wednesday7:00 AM ET MBA Purchase Applications 10:00 AM ET Existing Home Sales 10:30 AM ET EIA Petroleum Status Report 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 kryptos2009 on Jul 20, 2011 8:14:11 GMT -5
Good Morning Gang......A2L thx for the start today
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Post by Clinton SPX on Jul 20, 2011 8:15:32 GMT -5
Morning traders yay gap up to sell into
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Post by Clinton SPX on Jul 20, 2011 8:18:41 GMT -5
Proposals Emerge to Curb Greek Debt Load (WSJ) IMF Warns Euro-Zone Crisis Risks Global Spillover (WSJ) Senators craft potential escape from default (FT) In response to Geithner's Op-ed: Little to celebrate on Dodd-Frank’s birthday (FT) IEA not decided on second oil release – Tanaka (Reuters) Papandreou Sees Make-or-Break Time in Crisis on Eve of Summit (Bloomberg) Alan Beattie: Let Europe pay for its policy failures (FT) Berlin and Moscow leaders foster trade ties (FT) China's moderating growth to aid inflation fight (Reuters) Give Greece What It Deserves: Communism (Forbes) IMF Signals BOJ Could Buy More Assets as Price Outlooks Diverge (Bloomberg) Joke Is on China as U.S.’s AAA Becomes Laughable (Bloomberg)
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Post by Clinton SPX on Jul 20, 2011 8:21:39 GMT -5
Give Greece What It Deserves: Communism (Forbes) from what Ive gathered in my studies, the communist party is rather small in Greece most Greeks are are small entrepreneurs that are sick of the cronyism of their government.
I find myself in the same situation with our government
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Post by abdogman on Jul 20, 2011 8:27:54 GMT -5
mornin Kryptos and Thx
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Post by kryptos2009 on Jul 20, 2011 8:29:16 GMT -5
Good Morning AB!
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Post by Clinton SPX on Jul 20, 2011 8:30:58 GMT -5
and out of yesterdays FMU scalp +1.5%
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Post by abdogman on Jul 20, 2011 8:32:04 GMT -5
xlf 14.96 on 1m
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Post by abdogman on Jul 20, 2011 8:33:53 GMT -5
xlf 14.91 fas 23.78 iyr 61.60
iwm 83.09
spy 132.97
on 1m
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Post by abdogman on Jul 20, 2011 8:35:32 GMT -5
eur/usd 1.4185 uup 21.36
vix 19.05
/HG 4.434
on 1m
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Post by abdogman on Jul 20, 2011 8:36:55 GMT -5
uup 21.37 on 1m
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Post by Clinton SPX on Jul 20, 2011 8:37:06 GMT -5
got my gap up open no more bullish scalps for me sit and wait for the next big pullback
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Post by abdogman on Jul 20, 2011 8:37:33 GMT -5
xlf 14.94 fas 23.89 iyr 61.63
iwm 83.00
spy 132.899
on 1m
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Post by Clinton SPX on Jul 20, 2011 8:39:23 GMT -5
Theres the BAC bounce inthemoney called for yesterday
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Post by Clinton SPX on Jul 20, 2011 8:40:08 GMT -5
take your money and run Broke BACers
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Post by abdogman on Jul 20, 2011 8:40:18 GMT -5
BB's narrowing on 1m xlf
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Post by Clinton SPX on Jul 20, 2011 8:43:37 GMT -5
Nasdq goes red dougie you were a little early yesterday thats all
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Post by abdogman on Jul 20, 2011 8:44:13 GMT -5
eur/usd 1.4178 uup 21.37
vix 19.18 /HG 4.4385
on 1m
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Post by Clinton SPX on Jul 20, 2011 8:45:29 GMT -5
vix goes green
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Post by abdogman on Jul 20, 2011 8:46:59 GMT -5
FWIW
zerohedgezerohedge
Iran has developed technology to transform its resources of ultra-heavy crude into light oil citing Deputy oil minister Moqaddam
2 minutes agoFavoriteRetweetReply
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Post by abdogman on Jul 20, 2011 8:49:41 GMT -5
xlf 14.97 fas 24.04 iyr 62.02
iwm 82.97
spy 132.79
on 1m
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Post by abdogman on Jul 20, 2011 8:50:39 GMT -5
BB's narrowing on 1m eur/usd ,uup,edz
vix 19.41 on 1m
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